Also in the news...
Overcoming Logistics Challenges in International Projects
International industrial projects promise opportunity, but also bring complications. For project leaders, engineers and logistics professionals, the question isn’t whether challenges will arise, but how they’ll be managed. From variable infrastructure to customs compliance, successful delivery across borders requires foresight, flexibility and the right partners.
Switzerland: providing services and travelling for business
Guidance for UK businesses on rules for selling services to Switzerland.
UK lands trade deal with South Korea to boost jobs and exports
UK lands momentous trade deal with South Korea to boost jobs and exports
New laws bring the world of work into the 21st century
Over 15 million people across the UK are expected to benefit as the Employment Rights Act receives Royal Assent.
Brilliant Borders: Kenya's Customs goes digital
A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.
Singapore Succeeds Japan as Asia’s Biggest Foreign-Exchange Centre
Singapore’s Central bank has released figures and statistics which show that Singapore has overtaken Japan’s foreign exchange volume. The volume establishes Singapore as Asia’s biggest foreign exchange center.
Khoon Goh, a senior currency strategist at Australia & New Zealand Banking Group Ltd (ANZ) has endorsed Singapore’s achievements and commented on its success due to the increasing importance of Asian currencies, and Singapore’s time zone which suites the emergence.
In accordance to statistics, Singapore’s daily foreign exchange volume increased for 44% to $383 billion in comparison to $266 billion in 2010.
Singapore as a foreign exchange trading market now ranks third globally after the U.K. and U.S. foreign currency markets.
Singapore’s credibility can also be viewed from the selloff of Asian currencies, whereas it withstood the selloff with a drop of only 2.8% from the last three months.