This update sets out the three new initiatives that were announced by Minister for Digital Development and Information Josephine Teo during the AI Action Summit which was held in Paris from 10 to 11 February 2025.

The Monetary Authority of Singapore recently shared the first set of measures proposed by the Equities Market Review Group to enhance the competitiveness of Singapore’s equities market. This update provides an overview of these measures with the second set of measures expected to be completed by end 2025.

The AITP programme, conducted by the Institute for Adult Learning (IAL) to meet the Adult Educator (AE) requirements for the legal industry, will enable participants to develop their classroom facilitation skills, conduct effective assessment and understand learner profiles and learning designs.

Singapore-listed companies have improved their climate-related disclosures, but less than one-third have met all Task Force on Climate-Related Financial Disclosures requirements, according to a review by the NUS Business School’s Centre for Governance and Sustainability and Singapore Exchange Regulation.

Ride-hailing companies in Indonesia have responded differently to President Prabowo Subianto’s request for Eid bonuses for online drivers, with Gojek and Grab offering incentives, while Maxim has opted out of cash payments, citing legal grounds.

Indonesia is experiencing a significant surge in mass layoffs, with job losses rising by 20.2% in 2023, affecting 78,000 workers.

Chinese national Li Ming was offered bail of $1 million while Singaporeans Alan Wei Zhaolun and Aaron Woon Guo Jie were offered bail of $800,000 and $600,000, respectively.

Mr Sushil Sukumaran Nair was recognised in 2023 for his role in drafting the Covid-19 (Temporary Measures) Bill. 

They find it easier to scale their workforce in response to business needs and economic conditions -- especially amid growing uncertainty.