Daily Debrief: What Happened Today (Dec 4)

Published Mon, Dec 4, 2023 · 06:30 PM
    • “What I would like to see is governments implement the right carbon tax, or a price on carbon. This is the elephant in the room, nobody talks about it because governments don’t feel confident to do it. People don’t like it. And in a democracy, these things don’t fly. Tax is always bad news,” said Ravi Menon, managing director of the Monetary Authority of Singapore at the sidelines of COP28.
    • “What I would like to see is governments implement the right carbon tax, or a price on carbon. This is the elephant in the room, nobody talks about it because governments don’t feel confident to do it. People don’t like it. And in a democracy, these things don’t fly. Tax is always bad news,” said Ravi Menon, managing director of the Monetary Authority of Singapore at the sidelines of COP28. PHOTO: JANICE LIM, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Stories you might have missed

    Singapore’s carbon tax should increase higher than currently planned: MAS MD Menon

    SINGAPORE’s carbon tax needs to go even higher to accelerate climate action to address global warming, Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), said on Monday (Dec 5).


    Singapore October hotel room rates fall for first time in almost three years

    SINGAPORE hotels’ performance in October fell from September highs, with average room rate (ARR) and other key measures posting sequential declines for the month, latest data from the Singapore Tourism Board (STB) showed on Monday (Dec 4).


    MAS forms global coalition to develop transition carbon credits for coal-plant closures

    DECODING ASIA

    Navigate Asia in
    a new global order

    Get the insights delivered to your inbox.

    THE Monetary Authority of Singapore (MAS) on Monday (Dec 4) launched an international coalition to develop a new class of carbon credits aimed at accelerating the closure of coal-fired power plants.


    Singapore business confidence continues recovery in Q1 2024: SCCB

    LOCAL business sentiment is improving for the second consecutive quarter in the first quarter of 2024, amid mixed sectoral outlooks.


    SGX ready to list active ETFs

    SINGAPORE Exchange Regulation (SGX RegCo) on Monday (Dec 4) launched new listing requirements for actively managed exchange-traded funds (ETFs) to meet evolving market needs.


    Cautious response expected for Zion Road, Upper Thomson GLS sites

    TWO state land sites to test the waters for a new type of rental housing were launched for sale on Monday (Dec 4), with analysts anticipating a cautious response from developers for the new proposition.


    Singapore stocks close lower on Monday; STI down 0.2%

    SINGAPORE shares fell on Monday (Dec 4), closing the first trading day of the week in the red.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Copyright SPH Media. All rights reserved.