Singapore’s Prime Minister, Lee Hsien Loong, declared the city-state is ready to come to an agreement for future cooperation with Indonesia. The agreement between Singapore and Indonesia is based on mutual promotion and protection of investments and will expire in June 2016. Our specialists in Singapore may provide you details about the agreement.

Finance Minister, Tharman Shanmugaratnam, announced the Maritime Sector Incentive Scheme would be extended, thus supporting Singapore companies in the maritime industry. Even if maritime companies already benefit from financial aid, the city-state is striving to become an international maritime network, by turning the Singapore maritime industry into one of the most developed worldwide.