Singapore Economy / News
Singapore, Vietnam agree to step up defence ties, dialogue between leaders
Singapore and Vietnam will strengthen their defence relationship and seek more regular dialogue between their leaders, Defence Minister Chan Chun Sing said on July 22.
https://www.straitstimes.com/singapore/singapore-vietnam-agree-to-step-up-defence-ties-dialogue-among-leaders
No one to be left behind in Singapore’s AI push, says Tan Kiat How
Singapore to increase pool of early adopters in AI to complement data scientists, engineers
The government is doing all it can to help companies, workers and citizens harness the potential of artificial intelligence (AI), said Senior Minister of State for Digital Development and Information Tan Kiat How at an event on Tuesday (Jul 22).
https://www.businesstimes.com.sg/singapore/no-one-be-left-behind-singapores-ai-push-says-tan-kiat-how
https://www.businesstimes.com.sg/singapore/singapore-increase-pool-early-adopters-ai-complement-data-scientists-engineers
https://www.straitstimes.com/tech/spore-to-increase-pool-of-early-adopters-in-ai-to-complement-data-scientists-engineers
Changi Airport’s Q2 passenger traffic up 5.9%
Changi Airport posted 17.5 million passenger movements in the second quarter of 2025, an increase of 5.9 per cent compared to the previous corresponding period.
https://www.businesstimes.com.sg/singapore/changi-airports-q2-passenger-traffic-5-9
https://www.straitstimes.com/singapore/transport/changi-airports-passenger-traffic-crosses-17-5-million-mark-in-q2-2025
https://www.zaobao.com.sg/realtime/singapore/story20250722-7186999
Singaporeans continue to hold world’s most powerful passport in latest ranking
Singaporeans continue to hold the world’s most powerful passport, with visa-free or visa-on-arrival access to 193 destinations out of 227 globally, according to the latest Henley Passport Index released on July 22. The Republic retained its first-place ranking despite a slight dip from 195 destinations in the January 2025 edition of the index.
https://www.straitstimes.com/singapore/singaporeans-continue-to-hold-worlds-most-powerful-passport
https://www.zaobao.com.sg/news/singapore/story20250722-7190989
Business News
HSBC Global Private Banking appoints new senior leadership across S-E Asia, Australia markets
HSBC Global Private Banking announced on Tuesday (Jul 22) a series of senior appointments to deepen its coverage across South-east Asia, Australia and international markets.
https://www.businesstimes.com.sg/companies-markets/hsbc-global-private-banking-appoints-new-senior-leadership-across-s-e-asia-australia-markets
Link CEO George Hongchoy to retire after 16 years at company
The group CEO of Link Asset Management Ltd, George Hongchoy, plans to step down before the end of June 2026. Hongchoy has held the CEO position for 16 years and will stay on in the role while it searches for a successor, said the property firm in a press release on Tuesday (Jul 22).
https://www.businesstimes.com.sg/companies-markets/reits-property/link-ceo-george-hongchoy-retire-after-16-years-company
Wing Tai Properties unveils Hong Kong CBD mixed-use development joint venture with CSI Properties
Real estate developer Wing Tai Properties announced a joint venture (JV) with CSI Properties – a mixed-use development in the Hong Kong central business district set to be completed in mid-2026.
https://www.businesstimes.com.sg/companies-markets/wing-tai-properties-unveils-hong-kong-cbd-mixed-use-development-joint-venture-csi-properties
https://www.zaobao.com.sg/realtime/singapore/story20250722-7189423
Global Economy / Real Estate News
Americans are paying for Trump’s tariffs, not foreign companies
US says Indonesia to cut tariffs, ease critical mineral limits with deal
https://www.businesstimes.com.sg/international/asean/us-says-indonesia-cut-tariffs-ease-critical-mineral-limits-deal
https://www.straitstimes.com/asia/se-asia/indonesia-to-cut-tariffs-non-tariff-barriers-in-us-trade-deal-trump-official-says
https://www.channelnewsasia.com/asia/indonesia-us-trade-deal-trump-tariffs-5252891
Trump announces trade deals with Philippines and Japan, with lower tariff rates
Trump says trade deal struck with Japan includes 15% tariff
https://www.businesstimes.com.sg/international/trump-says-trade-deal-struck-japan-includes-15-tariff
https://www.channelnewsasia.com/world/trump-tariffs-japan-trade-deal-5252951
Trump targeting trade loopholes risks 70% of China exports to US
Trump says Fed chief Powell will be out in eight months
Some visitors to the United States will soon need to pay US$250 ‘visa integrity fee’
https://www.channelnewsasia.com/world/visitors-united-states-visa-integrity-fee-5251536
Australia central bank wary of cutting rates too quickly, prudent to await more data
Australia’s banking regulator to stick with current home lending rules
China’s swap curve normalises as deflation fears begin to ease
IMF warns tariffs aren’t the answer to global imbalances
https://www.businesstimes.com.sg/international/imf-warns-tariffs-arent-answer-global-imbalances
Malaysia’s June CPI rises 1.1% y/y, below forecast
https://www.businesstimes.com.sg/international/asean/malaysias-june-cpi-rises-1-1-yy-below-forecast
New Zealand export values drop in another sign of weak economy
Thailand’s tourism slump and household debt weigh on its lenders
Bank of England considers shelving plans for a digital pound
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