Singapore’s Digital Economy Contributed 17.3% to GDP in 2022, up From 13% in 2017: IMDA
Singapore’s digital economy last year contributed 17.3 per cent to its gross domestic product (GDP), up from 13 per cent in 2017, a report by the Infocomm Media Development Authority (IMDA) showed on Friday (Oct 6).
This represents a near-doubling of its value added or economic contribution to S$106 billion, up from S$58 billion over the five-year period, based on IMDA’s inaugural Singapore Digital Economy report developed in partnership with the Lee Kuan Yew School of Public Policy.
IMDA defines this economic contribution as the sum of income generated from the domestic production of goods and services, which promises gross operating surplus, remuneration and taxes after subsidies on production.
Fifth and final BTO project delayed by defunct contractor Greatearth is complete: HDB
The last of the five Build-To-Order (BTO) projects delayed when construction company Greatearth went bust two years ago has been completed, with the majority of residents having collected their keys, said the Housing Board (HDB) on Sunday (Oct 8).
As at Sep 30, residents had collected the keys to 534 of 659 booked units at West Coast ParkView in Clementi.
Minister for National Development Desmond Lee thanked residents for their patience and understanding in a Facebook post on Sunday.
Keep Good Bilateral Relations Despite Pain Points, Cooperate to Realise Asia’s Potential: PM Lee
Even when there are bilateral pain points such as territorial disputes, Asian countries should “insulate their overall relations” from these specific issues and continue to cooperate, said Singapore’s Prime Minister Lee Hsien Loong on Thursday (Oct 5).
Asia is a region with great promise, but global and regional stability is needed for this potential to be realised, he said at the closing dialogue of the Asia Future Summit, a two-day conference jointly hosted by The Business Times, The Straits Times and Lianhe Zaobao.
The dialogue was moderated by Wong Wei Kong, editor-in-chief of the English, Malay, Tamil media division at SPH Media. OCBC is the presenting sponsor of Asia Future Summit 2023. The event is also supported by Guocoland and Kingsford Group.