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Singaporean businesses: importance of human touch for sustainable growth amidst rapid AI expansion Nearly nine in 10 business leaders in Singapore are committed to maintaining human touch after recent technology movements and the rise of AI take over jobs, according to a new survey by HSBC.   The survey, which was conducted among 2,900 business […]

Although the workforce shortage situation is stabilizing, many companies still look for foreign recruits to avoid facing shortages again. Industries like information and communication technologies and financial services are looking for recruiters today.

Singapore and Malaysia agreed on new economic incentives to boost border trade.
Both countries have partnered to create a special economic zone (SEZ) in Malaysia’s Johor State that is expected to be signed at the 11th Leaders Retreat at the end of 2024. This agreement will serve as an impetus to strengthen business between the two countries, which has suffered due to the global economic slowdown.

Singapore is among the top 10 leading countries in artificial intelligence (AI) research and technology in 2024. Between 2013 and 2022, the country has come up with 165 AI startups and $5 billion in AI investment. Now, global companies refer to it as a future possible “global AI hub.”

According to CBRE, this year, investors remain confident and interested in the Singapore market. Last year, the country witnessed an impasse between buyers and sellers leading to a 29% year-on-year decline in real estate investments.

Entering the IT sector in Singapore is an opportunity to be at the forefront of digital transformation, driving innovation, efficiency, and growth.