Singapore’s digital economy accounted for 17.7% of the gross domestic product (GDP) in 2023, up from 17.3% in the previous year, according to the Infocomm Media Development Authority (IMDA) of the country.
The digital economy’s growth has created more tech jobs, even amid a more cautious hiring outlook in the tech sector globally and in Singapore. (Photo: //www.straitstimes.com/)
Hanoi (VNA) – Singapore’s digital economy accounted for 17.7% of the gross domestic product (GDP) in 2023, up from 17.3% in the previous year, according to the Infocomm Media Development Authority (IMDA) of the country.
The IMDA reported on October 29 that the value of Singapore's digital economy is made up of the added value of the information and communications sector, and value-added figures from digitalisation across the rest of the economy.
Singapore's digital economy grew at a compound annual growth rate of 11.2% from 2018 to 2023, almost doubling the nominal GDP growth rate over the same period, the IMDA noted.
Demand for high-quality human resources in the technology field continued to increase last year despite companies being more cautious in hiring.
The digital economy also pr⭕omoted tech job growth, wi💙th the number of jobs rising by 3.4% year-on-year to 208,300 in 2023./.
Singapore’s FairPrice Group (FPG) recently announced that it has become the first organisation in the country to receive approval from the Land Transport Authority (LTA) for the final stages of trials to use autonomous vehicles (AVs) on public roads for cargo transportation.
Singapore’s National Research Foundation (NRF) will allocate 270 million USD to the National Supercomputing Centre (NSCC) in the next three years to train specialists and develop next-gen supercomputers in order to boost AI through supercomputing talent and infrastructure.
The Immigration and Checkpoints Authority (ICA) of Singapore announced on October 24 that since September 30, it has fully implemented passport-less clearance across all four terminals at Changi Airport.
Themed “emerging trends in terrorism and violent extremism”, the event drew over 200 participants from domestic and international agencies, discussing the rapid evolution of terrorism and the need for stronger regional and global cooperation.
Indonesia aims to start nuclear power generation by 2034, with a government roadmap already in place to develop small modular reactors (SMRs) with capacities ranging from 300 to 500 megawatts.
The package, endorsed on June 24, comprises 481 projects designed to boost GDP by an additional 0.4% and generate temporary employment for about 7.4 million people nationwide.
An Indonesian official emphasised that energy security is extremely essential amid global geopolitical and economic fragmentation, highlighting the need for the energy industry to strengthen resilience and responsiveness in the face of fluctuating oil prices and the shift to clean energy.
ASEAN must deepen collaboration through platforms such as the ASEAN Senior Officials Meeting on Transnational Crime (SOMTC) to ensure regional responses keep pace with the rapidly evolving cyber threat landscape.
Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
