If you're a developer, it looks like you can now give out promo codes to people who only have a Singapore App Store account.
There is now a link to "Redeem" at the top right hand corner of iTunes, in the Quick Links category.
Previously, promo codes could not be activated in Singapore and developers with promo codes could only give them to people with accounts in the US App Store.
With the ability to redeem promo codes locally, this should enable developers to widen the pool of people who can try out these codes.
Applestore Singapore currently does not sell iTunes Gift Cards so it appears that you won't be able to redeem those in the Singapore App Store yet.
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