Top News this Week (23 June)

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Rounding up top investing articles from around the web, including articles shared on Twitter.

S’pore reclaims top spot in world competitiveness ranking after three years (Straits Times)

“Singapore’s performance marks a return to form; last occupying first place in 2020, it then fell to fifth, third, and finally fourth in the following years, while Denmark and Switzerland performed a tussle for power over the top spot,” said the Switzerland-based International Institute for Management Development (IMD), which produces the benchmark based on 333 competitiveness criteria.

Coming in ahead of Switzerland and Denmark, the Republic posted robust performances across all four categories that comprise economic performance, government efficiency, business efficiency and infrastructure.

Among these, Singapore stood out for business efficiency by clinching the top spot among its peers on the index for the underlying factors of labour market – up three spots – and attitudes and values with a 12-position climb. It also shot up 21 rungs to the No. 2 spot in terms of management practices.

Thailand passes landmark Bill recognising marriage equality (Straits Times)

hailand’s same-sex marriage Bill cleared its final hurdle on June 18, with the Senate endorsing it in a special session and putting Thailand on course to be the first in South-east Asia to guarantee marriage equality.

The Senate gave final approval – by 130 votes to four, with 18 abstentions – to changes to the marriage law allowing same-sex couples to tie the knot.

The new legislation will now go to King Maha Vajiralongkorn for royal assent and come into force 120 days after publication in the official Royal Gazette.

Thailand will become only the third place in Asia where same-sex couples can get hitched, after Taiwan and Nepal, and activists are hoping the first weddings could be celebrated as early

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