International and Area Studies Commons^™

Economic Forecasting In Singapore: The Covid-19 Experience, Hwee Kwan Chow-Tan, Keen Meng Choy

Research Collection School Of Economics

This Special Feature considers how accurately professional forecasters have predicted GDP growth and inflation in Singapore, especially during rare events such as the Global Financial Crisis (GFC) and COVID-19. It also illustrates the value of forecast probability distributions in inferring forecasters’ uncertainty when making predictions, and the degree of consensus between projections from different forecasters. The authors find that one-year ahead forecast errors for GDP growth and inflation increased during the GFC and the COVID-19 pandemic. While professional forecasters did not appear to have followed the Government’s forecasts when predicting growth during the GFC, they may have exhibited ”leader-following” behaviour …

Migration And Spatial Misallocation In China, Xiaolu Li, Lin Ma, Yang Tang

Research Collection School Of Economics

We structurally estimate the firm-level frictions across prefectures in China and quantify their aggregate and distributional implications. Based on a general equi-librium model with input and output distortions and migration, we show that the firm-level frictions are less dispersed and less correlated with productivity in richer prefectures. Counterfactual exercises show that reducing the within-prefecture mis-allocation increases the aggregate welfare, discourages migration towards large cities, and narrows the spatial inequality. Moreover, internal migration alleviates the impacts of micro-frictions on aggregate welfare and worsens their impacts on spatial inequality.

The Importance Of Considering Debt And Young Children In Activation: A Survival Analysis Of Return To Welfare, Irene N. Y. Ng, Jian Qi Tan, Mathews Mathew, Kong Weng Ho, Yi Ting Ting

Research Collection School Of Economics

While there has been much research on welfare exit and entry into employment, less research has looked at return to government assistance. Applying survival analysis on data from a national government assistance programme in Singapore, we found two important factors of welfare return to which activation programmes need to pay greater attention. First, return was more likely if former beneficiaries accumulated a higher number of types of arrears rather than higher dollar values of arrears. This new finding contributes to the emerging literature on bandwidth tax, and suggests the importance of designing programmes that relieve mental accounting due to debt …

Hi-03 Cultivated Words Of Chen Hongmou, Joe W. Stone, Professor Birney

SC Upstate Research Symposium

During the Qing dynasty, the Chinese Government appointed officials based on a man’s education and how he passed the imperial examinations. Chen Hongmou stands out among the many officials chosen during the eighteenth century.

Born October 10 1696 in Lingui, Guangxi, China, Chen spent his career as an official for several provinces. Based on his own experiences, Chen wrote texts on leadership and the duties of officials. He not only wrote to promote a system of good governance, he did so while espousing progressive ideals.

For example, he stated that women and “non Chinese” tribes should partake in the same …

Cultural Autobiography- Elena Amonette, Elena Amonette

[Archive] Belmont University Research Symposium (BURS)

This cultural autobiography represents the story of my life, particularly how being biracial has stood to impact my life. In this essay, I detail the events which led to my mother, a Laotian immigrant, to America and the influence of my heritage on the lives of our family. This essay was a final project for my Honors Asian Culture Seminar and is the intersection of both my in-class cultural education and life experiences. In writing this piece, I have tried my best to showcase my unique perspective on life and how these experiences emphasize the importance of cultural diversity in …

Displacement Of The Rohingyas Of Myanmar, Land Grabbing, And Extractive Capital, Afroza Anwary

The Journal of Social Encounters

Research on the displacement of the Rohingya from their property has paid little attention to how the government’s land policies encourage various actors to seize that land and extract resources. This research is based on interviews with Rohingya refugees, reports from the United Nations and humanitarian agencies, and published academic work. Economic, social, and political factors are responsible for the displacement of Rohingyas. To argue that a single factor is responsible for their displacement would be incorrect, as research reveals a more complicated interaction of social forces. However, this paper considers the unique dynamics of land grabbing, land laws, ethnic …

Concerns Over The Cost Of Living Among Older Adults In Singapore, Rachel Ngu, Micah Tan, Paulin T. Straughan, Seonghoon Kim, William Tov, Grace Cheong, Xiaoyan Zhang

ROSA Research Briefs

A post-National Day Rally survey conducted in August 2022 found that the rising cost of living and health-related issues were ranked among the top concerns of Singaporeans (Baharudin, 2022). This comes as no surprise as global crises such as the ongoing COVID-19 pandemic and the Russo-Ukrainian conflict, has resulted in global and domestic inflation (Gov.sg, 2022). In May 2022, Singapore reported a 13-year high core inflation of 3.6% (Channel News Asia, 2022), while in September 2022, Singapore’s core inflation had risen to 5.3% (Ang, 2022). Additionally, the government announced that Singapore residents will see a goods and services tax (GST) …

Smu Introduces Specialisation Tracks & Compulsory Law Capstone To Its Bachelor Of Laws & Juris Doctor Programmes To Nurture Future-Ready & Practice-Ready Graduates, Singapore Management University

SMU Press Releases and News

Singapore Management University (SMU) Yong Pung How School of Law (YPHSL) will allow interested law students to specialise and gain a higher level of proficiency in the practical and interdisciplinary areas of Corporate Transaction; Law and Technology; and Dispute Resolution via a new Tracks scheme; as well as require all law students to complete a Law Capstone Course before they graduate. The law school announced these enhancements to its Bachelor of Laws (LLB) and Juris Doctor (JD) programmes following a recent review of its curriculum, which took into key consideration the impact of global trends on the legal sector. The …

Leading Law Schools In Australia, Hong Kong & Singapore Join Hands To Form Research Alliance On Law & Sustainability To Drive Research & Teaching In The Asia-Pacific Region, Singapore Management University

SMU Press Releases and News

Singapore Management University (SMU) Yong Pung How School of Law (YPHSL); Sydney Law School, University of Sydney (USyd); and Faculty of Law, The University of Hong Kong (HKU), today announced the formation of the Asia-Pacific Research Alliance on Law and Sustainability, a first of its kind in the Asia-Pacific region, with an aim to drive law-focused research and teaching initiatives on achieving sustainability for this part of the world. The announcement was made at the inaugural Law and Sustainability Conference titled ‘Law in a hyperconnected world – joining the dots for a sustainable future’. Organised by SMU YPHSL, with the …

Creating The Capacity For Digital Government, Cheow Hoe Chan, Steven M. Miller

Asian Management Insights

This article explains how a well-thought-out data policy, supported by a tech stack and cloud infrastructure, an agile way of working, and coordinated whole-of-government leadership, are fundamental to successful government digital transformation efforts, as exemplified by the Singapore government’s digital journey. As part of explaining how to create the capacity for digital government, the main sections of this article cover:

• The origins of GovTech
• How thinking big, starting small and acting fast is a practical strategy for organisational learning
• The importance of horizontal platforms and other enablers of a horizontal approach
• Data architecture and policy
• “Shifting left” with internal technology …

Steering Steadily In The Post-Pandemic World, Chartsiri Sophopanich, Chin Tiong Tan

Asian Management Insights

Chartsiri Sophonpanich, President of Bangkok Bank, speaks with Tan Chin Tiong about the future of banking in Thailand and the region as the world slowly emerges from the COVID-19 pandemic.

Harnessing The Power Of Video Ads, Linyi Li

Asian Management Insights

In digital advertising, video ads as a top-of-funnel function have a longer-lasting efect than display and search ads on a consumer's consciousness.

An Exploratory Study On Museum Visitor Ship Trends In Singapore, Aldy Gunawan, Chentao Liu, Heranshan S/O Subramaniam, Melissa Tan, Ranice Tan, Clarence Tay, Tasaporn. Visawameteekul

Research Collection School Of Computing and Information Systems

The COVID-19 outbreak has unpredictably disrupted the operations of numerous museums. Museum visitor experience has a physical, personal, and social context, which are not achievable during the pandemic. Despite the depreciation during the Circuit Breaker period, the disruption also presents an opportunity for local museums to develop new strategies of audience engagement to accommodate the altered audience behavior. This exploratory study analyses data from six Singapore-based museums to understand the visitorship patterns across different ages and genders. The impact of COVID-19 is also analysed. Using R-studio and relevant packages, we conducted statistical tests such as hypothesis testing, Chi-square testing and …

The Social Well-Being Of Older Adults In Singapore, Micah Tan, Paulin T. Straughan, Grace Cheong, Wensi Lim

ROSA Research Briefs

The concept of social well-being has been of interest especially when studying older adult well-being given that problems of social isolation and loneliness are more prevalent and have greater consequences for older adults (Waite 2018). However, much is still to be understood about the social well-being of older adults with most research being conducted on social predictors of health, rather than on social well-being as a specific “component of health” (Waite 2018:100). As such, the current research brief provides a preliminary examination of social well-being among middle-aged and older adults in Singapore based on Keyes’ social well-being framework (Keyes 1998). …

Don't Try To Be A Superman, N. Edwin Widjornako

Asian Management Insights

N. Edwin Widjonarko, co-founder and Director of Technology of Xurya, speaks about his entrepreneurial journey in Indonesia’s solar power generation space.

Participatory Digital Futures, Mark Findlay, Sharanya Shanmugam

Asian Management Insights

How digital transformation can be made good for all.

Robowealth: Boosting Financial Inclusion In Thailand, Chiraphol N. Chiyachantana, David K. Ding, Pattarawan Mai Prasarnphanich, Chi Wei Chan

Asian Management Insights

Advanced fintech lowers barriers to investing.

How Boards Can Up Their Digital Game, Terence Quek

Asian Management Insights

Board leaders need to keep up with the accelerating rate of change.

Accelerating Business Transformation In The Digital Age, Gary Pan, Shankararaman, Venky

Research Collection School Of Accountancy

Business Transformation involves making fundamental changes in how business is conducted in order to help cope with shifts in market environment. This chapter focuses on the role played by digital technology in business transformation and the mindset shifts required to embark on a digital transformation journey. More relevantly, this chapter also highlights how data analytics is driving digital transformation.

Family Wealth Advisory Services In China – What Kind Of Advisors Can Be More Competent And Successful?, Yang Shen

Dissertations and Theses Collection (Open Access)

High net worth wealth owners generally need various advisory services to meet their wealth management needs, such as investment / global asset allocation, intergenerational succession planning, personal and family tax planning, next-generation education, health management, immigration arrangement for family members, etc.

At the current stage, this paper tries to answer below central research questions for Chinese wealth advisors:

1. From the Perspective of high-net-worth individuals (HNWI) in China, what characteristics should their wealth advisors bear to be considered competent?
2. Which key competency factors are mostly important in making the wealth advisor successful (reflected through performance rating of wealth advisors)?

The research …

A Study On The System Of Influential Factors For High-Quality Development Of Chinese Cultural And Tourism Small Towns: Insights From W Town, Yu Chen

Dissertations and Theses Collection (Open Access)

Under the dual support of the government and market, the number of cultural and tourism small towns in China has increased rapidly in recent years. However, many small towns have encountered problems such as poor performance, disputes over interests, and operational deficiencies during their rapid development. As China's economy gradually enters a phase of high-quality development, how to promote the high-quality development of cultural and tourism small towns has become a concern for experts in the industry and academia. Currently, research on the high-quality development of cultural and tourism small towns in China is relatively fragmented and lacks a comprehensive …

The Coming Central Bank Digital Currency Revolution And The E-Cny, Heng Wang, Ross Buckley

Research Collection Yong Pung How School Of Law

The only central bank money individuals and businesses have today is cash. Everything else they use as money is commercial bank promises. Central bank digital currencies (“CBDC”) will likely change all this by putting central bank money into everyone’s hands. China is a front runner in this revolution, and its CBDC, the e-CNY, may well in time profoundly affect the international economic order. This article analyses the major considerations around the e-CNY, its ramifications, in particular for trade, and its possible challenges.

Beijing’S Regulatory Crackdown Is Unlikely To End Any Time Soon, Henry S. Gao

Research Collection Yong Pung How School Of Law

China’s incomplete transition to a market economy means regulations often lag behind the demands of the market.

Price Comovement And Market Segmentation Of Chinese A- And H-Shares: Evidence From A Panel Latent-Factor Model, Yingjie Dong, Wenxin Huang, Yiu Kuen Tse

Research Collection School Of Economics

This paper examines the price comovement of cross-listed Chinese A- and H-shares using a panel model with latent factors and a heterogeneous long-run structure. Our model is more flexible than the cointegration system and is estimated using the data-driven Cup–Lasso method. The long-run H-share price discounts are heterogeneous across different groups of stocks. We have identified both stationary and nonstationary latent factors in the price differentials, which are driven by different economic variables. By analyzing the factor loadings of the nonstationary latent factor, we identify some trading-friction and information-friction variables that have effects on the price convergence between the A- …

Service Out Under The New Rules Of Court, Ian Mah, Aaron Yoong

Research Collection Yong Pung How School Of Law

The new Rules of Court 2021 seek to provide a more accessible and efficient justice system. The extensiveness of the overhaul, however, brings with it as much unfamiliarity as excitement. This legislation comment examines the changes in the provisions governing service out of jurisdiction and argues that the textual changes also effect substantive changes to how the law is applied. This comment also explores the related issues on the grant of Mareva injunctions in aid of foreign proceedings under the new Rules of Court 2021.

Dyadic Positive And Negative Religious Coping Among Older Singaporean Couples And Marital Satisfaction, Gloria J. Lai, Kenneth Tan, Micah Tan, Grace Cheong, Cheng Cheng, Mathews Mathew

Research Collection School of Social Sciences

Difficulties faced in life can affect marital relationships and such troubles may be dealt with in a multitude of ways, including coping religiously. The present study examined how religious coping, either in a positive or negative manner, may have an impact on marital satisfaction. Importantly, this association was studied dyadically in a sample of religiously diverse (Buddhists, 32.3%; Taoists, 17.6%; protestant Christians, 14.1%; and others who did not identify with a specific religion, 19.1%), married older Singaporean adults (N = 1928; 964 couples). Using actor-partner interdependence modeling, we found significant actor, partner, and combined actor-partner effects for positive and negative …

The Effects Of Ses, Social Support, And Resilience On Older Adults’ Well-Being During Covid-19: Evidence From Singapore, Mindy Eiko Tadai, Paulin Tay Straughan, Grace Cheong, Rachel Wen Yi Ngu, Yan Er Tan

Research Collection School of Social Sciences

The COVID-19 pandemic has rendered visible many socioeconomic inequalities and the lengthy period of dis- ruption to everyday life had disproportionate effects on the most vulnerable groups in Singapore and across the world. Utilizing data from the Singapore Life Panel ® (SLP) collected in September 2021, this study examined a sample of 6667 older adults to assess the effects of socioeconomic status (SES) on well-being, and the mechanisms through which social support and resilience may mediate its influence. Overall, our results suggest significant direct and indirect effects of SES on well-being and provide evidence for the pivotal role that social …

Strengthening The Institution Of Marriage As The Union Of One Man And One Woman, Seow Hon Tan

Research Collection Yong Pung How School Of Law

This article examines the recent repeal of section 377A of the Penal Code and the concurrent constitutional amendment to strengthen the institution of marriage as the union of one man and one woman. Specifically, it explains the jurisprudential significance of the new constitutional provision, Article 156, which has a bearing on our understanding of the laws and policies to be enacted and implemented in future.

The Evolution Of The ‘Trade And …’ ‘Debate’: A View From Asean, Locknie Hsu

Research Collection Yong Pung How School Of Law

This article explores the ‘Trade and …’ ‘Debate’ in the context of trade and environment issues. It provides an explanation of the evolution of discussions of such issues in a non-dispute settlement context, using developments in the Association of Southeast Asian Nations’ integration efforts as illustrations. It also highlights a number of opportunities for trade and environment collaboration in negotiations for free trade agreement and Digital Economy Partnership Agreements.

The Doctrine Of Unilateral Severance And Its Potential Development In Singapore, Zhi Jia Koh

Research Collection Yong Pung How School Of Law

Co-ownership of land is commonplace in Singapore, and the manner of holding among co-owners has important practical implications. Joint tenants are subject to the rule of survivorship, but what if a joint tenant does not wish to be locked into the survivorship wheel of fortune? A joint tenant may unilaterally sever the joint tenancy by an act operating upon his or her share of the land, but questions remain as to when that occurs and the consequent duration of severance. This article attempts to address these questions with the current alienation-based approach and suggest the possibility of an intention-based approach.