Singapore, as one of the most advanced technological hubs in the world, is facing an increasing depletion of skilled IT workers, and had to resort to alternative techniques to ensure that the growing IT skills rift that the local tech sector was facing does not spiral out of control.

On Monday (14 November 2022), five Southeast Asian central banks had signed a memorandum of understanding (MoU) on regional cross border payments at an event ahead of a G20 summit in Bali.

According to Deloitte, companies across Southeast Asia had raised US$6.3 billion from 136 initial public offerings (IPO) to date in 2022, a decrease of 52% from the record US$13.3 billion from 152 IPOs in 2021.