Why global uncertainty won’t undermine transition goals | FinanceAsia

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When FinanceAsia editorial board member, Sunil Veetil, took on his Singapore-based leadership role as head of Commercial Banking Sustainability for Apac at HSBC back in summer 2022, Asia was in the throes of pandemic uncertainty. Market to market, the approach of each governing authority proved to be heavily nuanced: Singapore had not long lifted restrictions to social gatherings and would soon abandon the mask mandate; while Hong Kong’s decision makers would deliberate for a further seven months before considering any such easing.

Yet, with hindsight being 20/20 (some may recoil at reference to the fateful numerical sequence), there was a sense of steadiness – albeit slow – in the unravelling of pandemic protocol which sits in stark contrast to today’s atmosphere of fast-paced-but-frequently-wavering global political and socioeconomic uncertainty. With over half of the world going to the polls this year – and a lot riding on upcoming election outcomes including France’s hung parliament and the final months of campaigning in the US; geopolitical complexities and tensions are pervading all market developments, not least the macroeconomic and inflationary outlook.

Reassuringly, however, Veetil is resolute in his resolve that global climate aspirations will forge ahead in spite of current conditions. “When you talk climate, you have to look long term,” he told FA. “Whilst there are short-term disruptions and changes – some of which have been positive; for example, the supply chain dispersion that has been taking place across the Asian region – it’s important to view climate from a longer perspective.”

He pointed to the outcomes of last November’s COP28 UN Climate Change Conference in Dubai, which served as a global stocktake of progress achieved by key economies towards the goals of the Paris Agreement, at the halfway point to their ultimate delivery by 2030. While the event publicly affirmed failure in capacity to limit global warming to 1.5 degrees Celsius by the end of this century; for the first time, it achieved consensus among all 196 heads of state and government officials to sanction the “beginning of the end” of the fossil fuel era, with efforts to eradicate their use by 2050. The conference laid the ground for a “swift, just and equitable transition, underpinned by deep emissions cuts and scaled-up finance”, a strategy which complements HSBC’s own ambitions to align its financing portfolio to net zero by 2050, as announced by the bank in 2020.

Climate management, Veetil explained, involves tackling a “perfect triangle” of challenges: politics, climate and the overall socio-economic picture. “The socio-economic impact of climate upon people is becoming all the more evident as we proceed… and to bring this all together, is the flow of capital.” He noted that while a lot of climate policy frameworks and trendsetting comes from Europe, the impact – “where the rubber hits the road” – is in Asia “and this is where the complexity is.”

Expanding on his comments for FA’s analysis of Asia’s debt capital market (DCM) activity, in which sustainable transactions were highlighted as playing an increasingly significant role within regional DCM dealmaking, Veetil said that typically, it continues to be the larger regional entities who lead the way in terms of raising significant capital to support sustainability aims. “The large tickets will always be driven by the sovereigns; and then it’s usually state-owned-enterprises (SOEs) or those large-cap private operators active in oil and gas or power and utilities, who are signing the big-ticket transactions.”

This seems to have been the case in 2024 so far, with Asia’s main players pioneering innovative climate transactions. In February, Japan followed up on its 2021 introduction of a transition finance framework by auctioning the world’s first sovereign climate transition bonds as a financing tool to support market growth alongside industry decarbonisation; while during the same month, HSBC participated in the first global multi-currency digital green bond offering, issued in Hong Kong.

“However, we are seeing green loans and sustainability-linked loans (SLLs) pick up at the mid-level and below this, in response to sustainable supply chain requirements. Of course, Asia is a supplier to the world.”

Veetil noted how European and North American buyers have become accustomed to outsourcing their emissions to Asia and that this had contributed some positive social and economic repercussions across the region, including an overall rise in income levels. With increasing pressure to report on and regulate sustainability, he explained that Asia-based manufacturers are not only on top of scope 3 metrics, but are pushing for capital expenditure (capex) to contribute to longer-term sustainability: to counteract those emissions that extend beyond the products themselves such as packaging, as well as manufacturing machinery. 

“Take a textile manufacturer that supplies to one of the big fashion brands. It’s not just that they want a sustainable supply chain and a robust working capital requirement; they’re also looking at how to install a wastewater treatment plant or rooftop solar. They are actively seeking capex investment plus working capital that is sustainable.”

Additionally, he highlighted the emergence of a circular economy to facilitate long-term sustainability, as being a growing trend: “Look at the battery ecosystem for example, a huge industry is developing around the recycling of batteries – additionally the recycling of solar panels, turbines and so forth is being considered. The recycling industry is becoming larger as ultimately, unless there is a circular economy around it, resources will be wasted. New action is being taken to develop a fully circular product lifecycle.”

The role of tech

Veetil emphasised various strides made across the field of technology, as being key to the future direction of the sustainability market. He commended Japan’s move to funnel over 55% of the proceeds from its recent climate transition issuance into research and development (R&D). “The future impact of investment going into research is set to be significant,” he said, noting the market’s action to invest in and develop domestic hydrogen production.

“Hydrogen has real potential to drive transition across hard-to-abate sectors such as steel, construction and aviation. But currently the market is ‘grey’ as it requires coal power to extract it from H2O.” He added that China and India are also investing heavily in the development of hydrogen. “It’s a space to watch.”

Climate-related research and technology is one of the areas which HSBC’s New Economy initiative aims to support. Since June last year, the bank has launched two fundraising strategies in Asia to invest in early-stage high-growth and tech-focussed businesses, to promote regional innovation. The first strategy, a $3 billion New Economy Fund (NEF) targets opportunities in Hong Kong and the surrounding Greater Bay Area (GBA), while a more recently launched $200 million vehicle targets investment across Singapore and Southeast Asia. Last month, the latter signed its first dedicated social loan to support Vietnamese venture-backed biotech start-up, Gene Solutions, which aims to enhance the accessibility and affordability of essential healthcare services across Southeast Asia. Another recent contribution included a $30 million green and social loan to Indonesia’s acquaculture and intelligence start-up, eFishery, which works to empower smallholder fish and shrimp farmers through tech, by increasing feed efficiency and reducing waste.

Veetil agreed that there is a strong socio-economic angle to sustainability developments in Southeast Asia, offering the example of electronic vehicle (EV) two-wheelers: “In certain areas in Southeast Asia (such as Vietnam and Indonesia) – as well as India, the majority of the population can’t afford to buy cars. We are going to see EV two-wheelers becoming more prevalent, popular and impactful… In fact, this is already happening and will continue to do so in the short- to medium-term.”

He added that the technologies emerging around carbon capture also offer real potential, but they “haven’t yet reached a sweet spot for mass adoption.”

Regulatory developments

But perhaps the most influential factor set to shape the sustainability landscape to come, is regulatory development and with it, clarity around how to deliver and enact a shared vision.

“What I am monitoring most closely on the regulatory side of things, is progress around the development of a country taxonomy,” Veetil disclosed.

“Reporting requirements are evolving quickly. Markets such as Hong Kong and Singapore have been very much at the forefront of this, but huge strides are also being made in geographies such as China and India, with new reporting requirements being introduced for listed companies.”

Singapore’s Accounting and Corporate Authority (Acra) together with Singapore Exchange Regulation (SGX RegCo) have mandated that listed companies start disclosing their climate impact in a phased manner, from financial year 2025.

“Over the next three years, most companies based in Singapore will report their climate data, which will certainly have an impact on the corporate mindset operating in the region,” Veetil said.

“Similarly, regulation being introduced elsewhere, such as in Europe, is taking effect globally. Take for example the new European deforestation regulation that has been published; as well as the carbon border adjustment mechanism (CBAM), which will soon take effect.”

“This is where we need a unified body to monitor and manage the direction of shared sustainability efforts. Currently this is something that is missing.”

Veetil suggested that various international entities are exploring options; and he proposed that efficacy could be found through a consortium of international central banks; or an governmental body such as the United Nations (UN) forming a platform involving corporates and financial institutions.

“We live in a very seamless economy, regulations in one country will definitely have an impact on the other.”

 


¬ Haymarket Media Limited. All rights reserved.

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Fluffy Labubu monster’s Thailand tour a sign of surging Chinese toy trend in Southeast Asia

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Labubu’s commerce strategy in Thailand even aligned “perfectly” with the government’s plan to help travel for international tourists by waiving visas for those travelling from 93 countries and territories, it added.

” This includes Chinese tourists, who are an important group for the Thai tourism industry, allowing them to stay in Thailand for up to 60 days” .&nbsp,

Thailand and China signed a joint immigration waiver agreement in January to help travel and tourism between the two nations, which became effective on March 1. &nbsp,

Sermsak Pongpanit, Thailand’s tourism and sports minister, reported on Monday ( Jul 8 ) that the monster mascot’s trip is expected to help Thailand reach its goal of 8 million Chinese visitors this year. &nbsp,

He added that the Labubu plan would encourage Chinese tourists to travel there after 3.5 million people arrived in the state in the first five weeks, according to regional news outlet Nation Thailand.

SUCCESS IN SOUTHEAST ASIA

Other than Pop Mart, another Chinese toy companies have enjoyed significant victory in Thailand. According to Global Times, 52TOYS opened its first store in the nation in December of last year and saw its first month’s revenue reach 3 million yuan ( US$ 412, 540 ). &nbsp,

Like Pop Mart, 52Toys has collaborated with various existing businesses and characters such as Tom and Jerry, Disney, and Manga set Crayon Shin-chan as part of their choices. &nbsp,

The company claimed that Thailand has grown to be a significant market for Chinese toy manufacturers to export to other countries due to the country’s large population of young people, their high consumption potential, as well as their current popularity of such products, and the presence of nearby developers in the Thai market. &nbsp,

Now, Pop Mart has 18 real stores across Southeast Asia, with seven stores in Singapore only. Wen Deyi, president of Pop Mart’s global section, stated to Global Times that the company anticipates Southeast Asia to become its “fastest-growing marketplace.” &nbsp,

Labubu’s reputation has even reached Singapore. Pop Mart released a limited release Merlion Labubu lanyard last month that was exclusive to Singapore. The keychain, which has since sold out, was retailed at S$ 37.90 ( US$ 28.07 ). &nbsp,

But, listings on the e-commerce program Carousell resulted in the keychain being resold for nearly 10 times the original price. &nbsp,

Labubu is n’t the only character driving Pop Mart’s popularity. The toys company held its second POP Toy Show outside of China last year in Singapore. The celebration, which ran for seven years in Beijing and Shanghai, is set to return to Singapore in August. &nbsp,

The company’s success has likely spurred on competitors ‘ ambitions. &nbsp,

According to 52TOYS, it was necessary to enter the Singaporean market in order to create a reputation in Southeast Asia, according to a report from Global Times. &nbsp,

The toy company explained that Singapore has “influential and beaming effects” on the place, and 52Toys may expand its appearance in Southeast Asia through Singapore’s business. &nbsp,

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Malaysia arrests six ‘Ninja Turtle Gang’ members, seizes tortoises

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A wildlife official reported on Tuesday ( Jul 9 ) that Malaysian authorities have detained about 200 smuggled tortoises and turtles and arrested six members of an international crime syndicate known as the” Ninja Turtle Gang.”

Abdul Kadir Abu Hashim, director-general of Malaysia’s wildlife and national parks office, said four Cambodians and two Malay were arrested during a Jul 2 assault on a home in Kuala Lumpur by officers and wildlife leaders.

He told AFP some 200 turtle and turtles worth an estimated RM246, 394 ( US$ 52, 300 ) were rescued during the attack, the second arrest in Malaysia in less than a week.

Many people in Asia hold the scepticism of crocodiles and tortoises as sources of happiness.

The Ninja Turtle Gang, an global violence circle engaged in reptile smuggling, is responsible for the six arrests, according to Abdul Kadir.

In an initial assault on Jun 29 and for sale in Southeast Asia, officers and wildlife authorities recovered 400 tortoises for US$ 805, 084 on the black market.

The critically endangered Chinese striped-necked frog, also known as the golden string frog, was among the creatures rescued in the most recent assault, according to Abdul Kadir.

Other endangered species included the red-footed tortoise, snapping turtle, sulcata tortoise, leopard tortoise, and endangered black pond tortoise, which can be found on Trinidad and Barbados in the Caribbean islands.

Initial investigations revealed that the reptiles were brought in from abroad to meet the lucrative pet market, according to Abdul Kadir.

Also discovered were three snakes, four softshell turtles, a skink and five frogs.

The quarantine center for the Malaysian wildlife department housed the rescued animals.

According to Abdul Kadir, the reptiles are illegally transported by road or smugglers aboard commercial flights.

According to a wildlife NGO called Traffic, Southeast Asian nations “function as sources, consumers, and as entrepots for wildlife originating from within the region as well as the rest of the world.”

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LGBTQ+ awaits “groundbreaking” law

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LGBTQ awaits 'groundbreaking' law
On June 1, a guy attends the 2024 Bangkok Pride Festival. Numerous people marched in the investment on that day to mark Pride Month. Nutthawat Wichieanbut

Thailand is set to be Asia’s following gay marriage hub after more than 20 years of supporting a relationship justice expenses.

In a place where most countries continue to oppose gay right, the country could be a haven for LGBTQ couples once the bill is passed.

The costs will go into influence 120 days after being published in the Royal Gazette, evoking a new time for Thailand and its LGBTQ area. It is currently awaiting the King’s last formality of imperial support.

Nada Chaiyajit, a professor at Mae Fah Luang University’s School of Law and lengthy- time trans rights activist, was a crucial adviser in drafting, compiling and submitting the bill to parliament.

She claimed that Srettha Thavisin, the prime minister, gave the bill prior consideration, which allowed it to be passed in just three months, which Ms. Chaiyajit described as miracle-working.

Communities are calling for a bill to promote marriage equality, according to Ms. Chaiyajit. ” Love wins”.

She noted that Thailand already had a large number of ceremonial same-sex marriages before this bill was passed, and she anticipates that this number will increase even further.

In Thailand, same-sex couples will have the same rights as heterosexual couples as a result of the bill.

Foreign same-sex couples seeking recognition of their relationship status in Thailand require only secure citizenship documents from their respective embassies.

To finish the marriage registration process, these documents must be submitted to Thai authorities.

Same-sex unions will be permitted in Thailand, but foreign couples may not have legal standing in their home countries due to local laws.

However, this groundbreaking legislation places Thailand among the nations with the highest standards for LGBTQ rights, and it is anticipated to boost tourism and the local economy.

Another key aspect of the bill is the shift in the use of the term” spouse” instead of “wife” or “husband” in a marriage, a move aimed at eliminating binary gender distinctions.

Same- sex couples will soon be able to adopt children, co- sign leases and more. However, a major of point of contention with the bill is whether they will be permitted to use surrogates, a restricted practice in Thailand.

Asst Prof Wimpat Rajpradit, from Chulalongkorn University’s Faculty of Law, explained that while the term” spouse” under the marriage equality bill will allow same- sex couples to adopt, they will not be able to use surrogates.

This is because current surrogacy law, enacted in 2015, still uses binary terms such as “wife” and “husband”, he said.

He predicted that unless the law is changed, same-sex couples will not be able to use surrogates.

According to Ms. Chaiyajit, the next significant change is one that relates to legal gender recognition. Under this bill, individuals are allowed to legally identify with different genders, she said. After three revisions, the bill will be submitted by the end of the month, she said.

Tiny slice of equality

Ryan Joseph Figueriedo, Founder of the Equal Asia Foundation, which promotes LGBTQ inclusion, expressed cautious optimism about the bill and looked forward to celebrating its passing with Thais.

” We are still in the early stages of seeing how legal equality develops,” said Mr. Figueriedo.

He claimed that Thailand continues to be a conservative Buddhist society with strong karmic beliefs.

This fosters widespread tolerance but does not always translate into full acceptance, he explained.

Locals have been sceptical about Bangkok’s plans to host World Pride 2030, with some questioning whether the bill’s real purpose is economic gain rather than real social change.

In this context, Mr Figuerido warned against “pink- washing” or “rainbow washing”, a tactic that shifts focus away from pressing economic issues by spotlighting LGBTQ initiatives.

” This is a limited set of rights for an elite few”, he said.

Although this legislation is groundbreaking, Thailand’s family structure remains deeply patriarchal.

Mr. Figuerido hopes the bill will change the public’s perception, entice people to leave their shadows, and give people access to resources previously unheard.

The legal marriage equality bill “fills a small piece of the big piece of equality,” according to Mr. Figuerido.

Other side of the rainbow

Thailand’s legislative progress contrasts starkly with that of neighboring nations as it prepares to become the 37th nation to legalize same-sex unions.

While the kingdom moves forward with new rights for LGBTQ individuals, regional counterparts continue to enforce strict prohibitions and limited protections.

Myanmar, west of Thailand, prohibits same- sex marriage, criminalising acts of” carnal knowledge against the order of nature” with penalties, including life imprisonment.

Laos, northeast of Thailand, decriminalised same- sex relations but does not allow marriage, adoption or civil unions.

Cambodia, southeast of Thailand, lacks anti- LGBTQ discrimination and marriage equality laws over concerns about adoption and HIV. Advocacy for increased rights continues.

Malaysia, south of Thailand, prohibits gay marriage with penalties of up to 20 years in prison and whipping.

While not targeting transgender people specifically, they face frequent arrests, violence and discrimination, including alleged police abuse.

In June, South Korea’s Supreme Court reviewed whether same- sex partners can be registered as “dependent spouses”, but Korean law does not require redefining” spouse”.

Human Rights Watch has urged extending benefits to same- sex partners, citing discrimination. Same- sex relations are not criminalised, but marriage remains unrecognised.

Japan ruled in March that banning same- sex marriage is unconstitutional, though no new framework has been established. Polls show 70 % support for same- sex unions.

Vietnam has made some progress for the LGBTQ community. The nation permits legal gender transitions and ceremonial same-sex weddings, but it does not recognize same-sex marriage as legal status.

On June 1 in Bangkok’s capital, Thailand held a Pride parade outside CentralWorld shopping center. The event also celebrated the country’s recent decision to legalise same- sex marriage. Nutthawat Wichieanbut

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Risk of violent splinter calls emerging from dissolution of terror group Jemaah Islamiyah: MHA

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On July 3, a picture of the news was posted to the radical Islamic website Arrahmah’s YouTube account.

In the movie, the 16 JI officers are seen standing on a level. They include Para Wijayanto, who was detained in 2019 for recruiting extremists and raising money for Syria, and Abu Rusdan, a violent cleric and former JI president who was detained in Bekasi in September 2021. Both are still in confinement.

According to Abu Rusdan, the legislature of senior citizens and leaders of JI-affiliated Muslim boarding schools convened on the breakdown. &nbsp,

They agreed to revert to the rule of Indonesia and may modify the education of the JI-affiliated schools to prevent the creation of extremist supplies. &nbsp,

The group’s founding in 1993 by Abdullah Sungkar and Abu Bakar Bashir had the intention to establish an Islamist state in Southeast Asia.

Abu Bakar was given a 15-year prison sentence in 2011 for allegedly funding violent education in Aceh, while Abdullah passed away in 1999. The 83- yr- ancient was released in 2021 on humanitarian basis.

Following a number of evil attacks carried out by individuals acting on behalf of the group, the Jakarta District Court in 2008 designated the organization as a prohibited organization.

Following a number of splits, JI saw organizations founded by people who were unhappy with the choices of its major bronze. Abu Bakar Bashir, who founded the Indonesian Mujahidin Council ( MMI ), left JI in 2000 before resigning in 2008 after an internal dispute.

MMI was named a Specially Designated Global Terrorist ( SDGT ) by the United States in 2017 because of its alleged connections to the Al Qaeda and Al Nusra Front movements. Despite the MMI’s denial of links to terror groups, the US believes this group poses a substantial risk of carrying out terrorist acts.

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China EV makers to pivot to emerging markets as US, EU hike tariffs

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Target ON GLOBAL SOUTH

While the Western and the US businesses are essential, they are not the only people, noted Dr John Quelch, professional sin- president at Duke Kunshan University in China.

He added that there are “plenty of options” for the Foreign EV trade industry and production to create abroad.

Chinese EV manufacturers have begun setting up production in nearby industrial parks to prevent unwanted obstacles, according to Dr. Li Fang, country director at the World Resources Institute China, in addition to selling their products to emerging industry.

For example, BYD opened its first EV shop in Thailand on Thursday, its primary in Southeast Asia.

Dr. Fang claimed that supporting their Vehicle modifications by building factories in developing nations is also a benefit. &nbsp,

She continued, referring to participation among nations of the Global South as a part of our South-South assistance and as a part of the response to new international business regulations. &nbsp,

The International South, which broadly includes countries in Africa, Asia and Latin America, refers to different countries that are sometimes described as “developing”, “less created” or “underdeveloped”.

The change comes in response to Chinese President Xi Jinping’s growing desire to improve participation with the organization, which China considers itself a part of.

Dr. Quelch even made a point about China’s potential cooperation with nations like Mexico that have auto-making business.

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Terrorist group Jemaah Islamiyah’s top leaders say it is dissolved. How should its ex-members, the Indonesian authorities move forward?

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Avoid OF SPLINTER GROUPS

Even if JI is no longer active, the government may still be on the lookout for fragment teams acting on their own accord, according to authorities.

” These splinters carry out (terror ) acts on their own. Dr. Noor Huda noted that the Bali attack was carried out without the consent of popular JI members.

He said that these splinters organizations that reject state integration should be closely monitored. According to his conversations with JI individuals, Dr. Noor Huda claimed that Indonesia has thousands of members. &nbsp,

” There will surely get resistance by the shrapnel. This dissolution is just the beginning, do n’t be too hasty to close the story of JI”, he said.

Agreeing, Mr. Adhe Bhakti, a violence observer from the PAKAR, questioned whether the people of the JI officials did take their decisions into account.

” The possibility of the lower- struck people &nbsp, to proceed on their own, against the choice of the JI best brass, is quite high”, Mr Adhe said.

” Although in the short term we wo n’t encounter threats from JI, in the long term, JI still has the potential to cause security disturbances”.

Mr Harits, but, believes the impact of those who are dissatisfied with the older members ‘ selection is limited, as will be their weight.

” Those who announced the JI’s dissolution are the top leaders, and the loyalty ( they command ) is still quite strong. There could be one or two individuals who oppose these leaders ‘ selection, but they will not have electricity and influence”, he said.

Past JI part and son of Abu Bakar Abdul Rahim Bashir, Mr. Bashir, hopes the dissolution will sway JI sympathisers and persuade them to abandon extremist beliefs. &nbsp,

” This is a good moment to ( wake up ) those ( JI sympathisers ) who are moving underground”, Mr Abdul Rahim told CNA.

He hoped that since the organization’s breakdown, officials may no longer detain those suspected of having JI connections. He claimed that this had been troubling because he had argued that there was no evidence that some of them had carried out terrorist functions.

Since JI no longer exists or has been disbanded, Abdul Rahim, who has been linked to Al Qaeda since 2011, said he “hopefully” there wo n’t be any more arbitrary arrests after this because, according to the UN Security Council, “JI no longer exists or has been disbanded.” &nbsp,

Mr Harits shared the same attitude. This is because, according to him, the judge’s classification of JI as a prohibited organization will no longer be applicable.

“JI has been the symbol of evil in Indonesia so far,” said JI. However, just like the Islamic State ( IS), JI, and other forms of terrorism have all faded away. Indonesia may provide a new time in the battle of terror”, he said.

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Singapore Airlines rolls out new benefits for KrisFlyer Silver members, increases seat selection fees

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Even though Singapore Airlines ( SIA ) appears to have raised its seat selection fees, it has introduced new benefits for its KrisFlyer Elite Silver members this month.

Priority aircraft check-in and objective board are now available to KrisFlyer Elite Silver users on SIA flights. Additionally, they will receive a 10 kg or one extra piece of luggage on all SIA flights and connecting Scoot flights from the United States ( three bags in First and Business Class, three bags in Premium Economy and Economy Class, and three bags in Premium Economy and Economy Class, respectively ).

In addition, Mainlymiles, an aircraft review website, has even pointed out that SIA has increased the cost of selecting seats for Economy and Premium Economy Classes. A search on the airline’s website revealed that it had been updated on July 1. &nbsp,

Passengers will have to pay more for Standard and Forward Zone tickets on all roads starting this quarter. On long-haul flights and trips to Southeast Asia, there are raises as well for more room seats.

The value increase, according to Mainlymiles, comes less than three centuries after the airlines ‘ final chair selection price changes in 2021.

Changes in couch choice fees vary depending on the SIA’s flights, which are broken down into five distinct “bands” by distance.

For example, selecting a standard seat in Economy for Singapore flights to and from the region, such as Thailand, Vietnam and Indonesia, will now cost you US$ 10 ( S$ 13.53 ), compared to US$ 8 previously. Market and Premium Economy seats with extra legroom cost US$ 30, off from US$ 25.

For airlines more worldwide, from Singapore to and from Hong Kong, China, India, Japan or South Korea, for instance, a common desk in Business costs US$ 15 ( from US$ 10). There’s no modify for more room seating, which is still US$ 60.

However, for Singapore airlines to and from the US and Canada, it will cost US$ 35, away from US$ 25 for regular chairs. If you want more room on Economy and Premium Economy, it’s then US$ 130 from US$ 120. &nbsp,

To find out more on the updated rates, visit Singapore Airlines ‘ site.

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