The Monetary Authority of Singapore (MAS) and the State Bank of Viet Nam (SBV) have agreed today to enhance their existing Memorandum of Understanding[1] (MOU) to further cooperate on financial innovation. The upgraded MOU on financial innovation will facilitate an expanded scope of cooperation on joint digital innovation projects, promote payment connectivity between Singapore and Vietnam, and support FinTech operations in both markets…
Temasek sees it as a “prized asset” the source added, given the upsides that it sees and the snack company’s superior brand positioning Singapore’s state-owned investment firm Temasek has signed a deal to acquire around 10 per cent stake in India’s Haldiram Snacks Pvt Ltd for a little over ₹8,000 crore, sources said.....
The Maritime and Port Authority of Singapore (MPA) will build on the strong maritime performance in 2024[1] with a continued focus on growth and innovation to strengthen Maritime Singapore’s competitiveness and resilience. Priorities include strengthening the competitiveness of maritime enterprises while enhancing port efficiency, digitalisation, and decarbonisation, focusing on technology innovation to capture new growth opportunities…
Grab Holdings is buying a chain of supermarkets in Malaysia, adding to its push to expand in groceries in one of its key markets. The company is acquiring Everrise supermarkets from Navis Capital Partners. Grab did not disclose the deal value in its statement on March 3.....
Emirates Skywards and GarudaMiles members can now earn and spend Miles across a combined network of more than 200 destinations Emirates and Garuda Indonesia have unlocked a world of new opportunities for frequent flyer members with the launch of a joint loyalty programme offering. Emirates Skywards and GarudaMiles members can now earn and redeem Miles while travelling across a combined network of more than 200 destinations. The two carriers launc…
The Equities Market Review Group has announced its first set of measures to strengthen the competitiveness of Singapore’s equities market. This includes the three tax incentives announced by the Prime Minister and Minister of Finance at Budget 2025 on 18 February 2025. The Review Group has done extensive consultations with industry stakeholders and will propose measures to strengthen the functioning of the Singapore equities m…
Picture this: You are relaxing after a long day, watching your favourite TV show when suddenly the lights go out. The hum of your appliances stops and you are left in complete darkness. Looking outside, you notice the entire neighbourhood has gone dark too. This was what residents in some parts of Singapore like Boon Lay, Choa Chu Kang, Clementi, and Jurong experienced in September 2018, when tripping of power generation units led to a electricit…
The Maritime and Port Authority of Singapore (MPA) conducted a table-top exercise (TTX) with Indonesia and Malaysia today to enhance regional coordination and strengthen response capabilities for oil spills. The exercise brought together over 20 representatives from MPA, Indonesia’s Directorate General of Sea Transportation, Malaysia’s Environment Department, and oil spill response experts from ITOPF. As part of Singapore&rsquo…
Asian Paints, through its wholly owned subsidiary, Asian Paints International Pvt Ltd, Singapore, has entered into a share purchase agreement to divest its entire stake in its Indonesian operations. Asian Paints on Friday announced the company, through its wholly owned subsidiary, Asian Paints International Pvt Ltd, Singapore (APIPL), has entered into a share purchase agreement to divest its entire stake in its Indonesian operation…
Deputy Prime Minister, Foreign Minister Bui Thanh Son met with his UAE counterpart Abdullah bin Zayed Al Nahyan within the framework of the World Governments Summit 2025 (WGS 2025) in Dubai on February 11. Bui said the summit reflects the UAE's growing international influence in shaping governance structures and seeking creative solutions and policies to build future governments, especially in technological innovation and national governance. The…
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) today [13.02.2025] jointly announced that a new entity will be set up to consolidate the administration and governance of Singapore’s national payment schemes[1] to position these schemes for the next stage of growth. The entity will also collaborate with MAS on the development of Singapore’s national payments strategy, ensuring a safe, effi…
Deputy Prime Minister, Foreign Minister Bui Thanh Son hosted a reception for United Arab Emirates (UAE) Minister of Investment Mohamed Alsuwaidi in Ha Noi on February 8. Bui reiterated that Viet Nam attaches importance to strengthening its comprehensive partnership with the UAE and welcomes the appointment of the UAE Minister of Investment as the focal minister for bilateral cooperation. He urged the UAE to continue cooperation with Viet Nam in c…
Singapore on Monday (Feb 10) committed to reduce its greenhouse gas emissions to between 45 million and 50 million tonnes (Mt) by 2035, down from around 60 Mt in 2030. This new climate target for 2035 puts Singapore on track to reaching net-zero emissions by 2050, as the planned decline in emissions is on a linear trajectory.... More https://bit.ly/4aZ1qnt Via businesstimes.com.sg
There could be ‘limited impact’ for retail properties, they add WHILE some industries in Singapore, such as banks and gaming, are poised to benefit from the Johor-Singapore Special Economic Zone (JS-SEZ), this may not be the case for some industries..... More https://bit.ly/4hPpwn8 Via businesstimes.com.sg
The Singapore Business Federation (SBF), Singapore’s apex business chamber, has unveiled a multi-year roadmap to enhance the capabilities of Trade Associations and Chambers (TACs), which includes strengthening the sector’s value proposition, improving governance standards, and boosting human capital development. Launched by Senior Minister of State (SMS) of Trade and Industry, Ms Low Yen Ling, the Sector Transformation Map (STM), deve…
Renewable energy (RE) provider First Gen Corp. will be providing clean energy and energy efficiency solutions to industrial printing company Precision Crestec Inc. for its manufacturing facility in Pasig City. First Gen said in a statement Tuesday that with the renewal of its supply deal with Precision Crestec, it will provide 700 kilowatts of RE to the industrial printer. Aside from the power supply agreement, First Gen’s sister company Pi…
A new wearable sensor continuously detects key chemical biomarkers directly from the skin, circumventing more invasive clinical methods. Smartwatches, fitness trackers and other wearables have brought us a new era of health literacy and empowerment with their ability to continuously collect real-time data. However, there’s still room to improve what they can tell us, according to Sherwin Tan, a Research Engineer at the A*STAR Instit…
Renewable energy is crucial for driving sustainability, but it faces a big challenge: the unpredictability of nature. Solar, wind, and hydropower are vital in our quest for net-zero emissions, yet their output is dependent on weather conditions, making energy supply inconsistent. So, how do we ensure renewable energy is available when we need it most? One solution lies in energy storage systems. These systems capture and store the excess energy g…
The move is part of the Government's effort to stimulate inbound tourism this year, according to the Government's Resolution No. 11/NQ-CP dated January 15, 2025. This is also a significant gesture announced ahead of Prime Minister Pham Minh Chinh's tour to the three European countries. This new policy shall be applied to tours organized by international travel service providers in Viet Nam until December 31, 2025. Visa exemptions will be granted …
Low-cost carrier Cebu Pacific is confident of reaching the 30-million mark for passengers flown this year, seeing growth opportunities in its decision to expand flight coverage from the regions. Cebu Pacific president and chief commercial officer Alexander Lao said he is optimistic the airline would grow its passenger numbers by at least 20 percent following a record year in 2024.... More https://bit.ly/40F6yIO Via philstar.com
Warming up to sustainable power Driven to materialise sustainable energy practices, SINGA scholar Kivanc Saglik is developing thermoelectric semiconductors to generate power from waste heat sources. As fossil fuel reserves dwindle and the global energy crisis intensifies, materials scientists are finding ways to turn the heat into opportunity—for one, by transforming what most might consider ‘waste heat’ into electricity. In c…
- Major investment highlights Thailand's importance as key market in airline’s network - Lounge expansion signals growing premium travel demand to/from Bangkok. Emirates is celebrating the opening of its new lounge at Bangkok’s Suvarnabhumi Airport, Satellite 1 Terminal (SAT-1). The newly relocated and refurbished lounge in the airport's latest terminal sets a new standard for premium travel, offering Emirates customers an enhanced gr…
Using DNA barcoding, the novel technique tracks and optimises gold nanoparticles for precise drug delivery to tumours, advancing cancer therapies that are safer and more effective A team of researchers from NUS has developed a novel method to enhance the precision of cancer treatment using gold nanoparticles tagged with DNA barcodes. Led by Assistant Professor Andy Tay from the Department of Biomedical Engineering in the College of…
The Land Transport Authority (LTA) has launched a Request for Proposal (RFP) (27 Jan 2025) to seek industry’s proposals to pilot autonomous public bus services. Through this pilot, LTA aims to assess the technical feasibility of autonomous vehicle (AV) technology for public bus services, and gain insights into the operational aspects of running autonomous buses at both service and fleet levels.The pilot deployment will start with smaller bu…
Have you ever walked past an electricity substation and wondered what it does? An electricity substation is a key part of the electricity network, typically found above ground level. It serves two main purposes: first, lowering high-voltage electricity from the power plants to a safe level for homes and businesses. Second, it also manages the flow of electricity, ensuring everyone gets the power they need. At the southern part of island near Labr…
It creates the framework for the fund, providing cash grants and subsidies to enterprises with qualified investment projects in Vietnam. Vietnam expects to attract more foreign direct investment (FDI) with the establishment of an investment support fund which offers large incentives to large tech firms..... More https://bit.ly/4huj3O4 Via en.vietnamplus.vn
Capital A Berhad (formerly known as AirAsia Group Berhad) (“Capital A” or “Group”) Capital A Berhad (“Capital A” or “the Company”) today announced that it has mutually agreed with AirAsia X Berhad (“AAX”) to extend the cut-off dates for the completion of the proposed disposal of AirAsia Aviation Group Limited (“AAAGL”) and AirAsia Berhad (“AAB”) to AAX. The …
The export value of footwear and leather products reached US$27.04 billion in 2024, a year-on-year increase of 11.45 percent, according to the Viet Nam Leather, Footwear and Handbag Association (Lefaso). Of the figure, overseas shipment of footwear increased by 13.16 percent on year to US$23.24 billion while export turnover of suitcases and bags stood at US$3.8 billion, up 9.7 percent. The U.S. was the biggest importer of made-in-Viet Nam footwea…
Abc., (AirAsia brand co.) specialising in the strategic development, management, licensing, and merchandising of the AirAsia brand along with a portfolio of associated brands and intellectual properties under Capital A, has partnered with American Tourister, a leading global luggage and lifestyle brand, to unveil the highly anticipated The Funseekers Collection, featuring the AirAsia brand. Bringing together two iconic brands synonymous wit…
Trade Secretary Cristina Roque has underscored the Philippines' push for inclusive and digital transformation to strengthen its trade and financial ecosystems during the World World Economic Forum’s (WEF) annual meeting. Speaking at the Innovative Trade Financing Forum on Thursday (Switzerland time), Roque said the country has tapped advanced technologies, such as artificial intelligence (AI) and digital tools, to transform supply chains, e…
Singapore Changi Airport handled 67.7 million passenger movements in 2024, registering a 14.8% year-on-year increase. This was 99.1% of the passenger movements recorded in 2019, prior to the Covid-19 pandemic. Aircraft movements, totalled 366,000 in 2024, up 11.5% compared to 2023. A total of 1.99 million tonnes of airfreight throughput was recorded in the year, surpassing 2023’s level by 14.6%. For the fourth quarter (Q4) of 2024, Changi A…
Singapore’s annual vessel arrival tonnage, total tonnage of ships under the Singapore flag, container throughput, total bunker sales, and sales of alternative bunker fuels, reached new highs in 2024. Cargo throughput handled at the port of Singapore also increased in 2024. These were among some of the announcements by Mr Murali Pillai, Minister of State for Law and Transport, at the annual Singapore Maritime Foundation (SMF) New Year Conver…
REVISIONS TO THE MARITIME SINGAPORE GREEN INITIATIVE (MSGI) – INTRODUCTION OF GREEN CRAFT PROGRAMME (GCP) FOR NEW BUILD HARBOUR CRAFT This circular supersedes Port Marine Circular No.10 of 2022 and will take effect from January 2025 until 31 December 2027. The MSGI has been enhanced to better align with the targets established by the International Maritime Organ…
A new optical nanoantenna design provides fine control of light emissions from quantum dots, honing their tunability for more robust, energy-efficient optoelectronics. From microscopes to fibre optic cables, the ability to control light underpins many modern innovations. Today, advanced optical components are often smaller than the eye can see; for example, television screens, which formerly projected images using fist-sized cathode ray t…
A buzz of excitement filled the air at the Singapore International Energy Week (SIEW) 2024. Over 18,000 energy policymakers, thought leaders, and industry professionals from more than 70 countries gathered at the Sands Expo and Convention Centre to discuss energy developments and forge new collaborations. Navigating the Energy Transition through Resilience Energy resilience is a key dimension of Singapore’s decarbonisation strategy thr…
The Maritime and Port Authority of Singapore (MPA) and MISC have signed a memorandum of understanding (MoU) to strengthen collaboration in innovation, research and development (R&D) and test-bedding activities, to advance digital transformation in the maritime industry. The MoU was signed by Mr David Foo, Assistant Chief Executive (Operations and Operations Technology), MPA, and Mr Mohd Denny Mohd Isa, Vice President, MISC Marine, and witness…
The Australian Government has approved a US$50 million investment into the Green Investments partnership (GIP) under Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative. The investment will support clean energy transition and sustainable infrastructure development across Southeast Asia. FAST-P was launched by the Monetary Authority of Singapore (MAS) at the 28th Conference of the Parties to the United Nations Frame…
Singapore-based United Overseas Bank (UOB) anticipates an expansion pace of 6.6 percent for Viet Nam’s economy in 2025 in its recent report released on December 2. The bank maintains Viet Nam's full year growth forecast at 6.4 percent, which implies 5.2 percent on year in the fourth quarter. The nation's real GDP growth was stronger than expected in quarter three this year, surging 7.4 percent on year compared to the median consensus view o…
Minister for Trade and Agriculture Todd McClay today welcomes a delegation from Singapore, who are in New Zealand for a food security mission. “The visit will strengthen our trade and investment ties and demonstrate how New Zealand’s world-leading agri-food ecosystem can support Singapore’s long-term food security. “This mission will elevate the role of our world leading, high-quality, safe, food and fibre and contribute t…
Airport charges to be progressively raised to finance investments, recover costs for investments during Covid-19, and cater for higher operating costs; rebates to help airlines with transition. Changi Airport Group (CAG) will invest S$3 billion over the next six years in Singapore Changi Airport Terminals 1 to 4 to improve services such as baggage handling, check-in, immigration and Skytrain connections between terminals, as …
The Ministry of Sustainability and the Environment (MSE) has published the GreenGov.SG report FY2023, which details the public sector’s environmental sustainability performance from 1 April 2023 to 31 March 2024. The latest GreenGov.SG report incorporates waste data for the first time and provides further granularity on the categorisation of different types of public sector facilities to better contextualise their resource footprints…
The Energy Market Authority (EMA) of Singapore and Ministry of Climate and Enterprise of Sweden have signed a Memorandum of Understanding (MOU) on Energy Cooperation to enhance collaboration on regional energy interconnectivity and the development of clean energy technologies. Under the MOU, both parties will cooperate on advancing High Voltage Direct Current (HVDC) technologies and transmission infrastructure, including subsea cables. The partne…
New acoustic filters could support faster future mobile communications by tapping into underused higher frequency bands, reducing congestion in existing channels. Global internet traffic has surged past three trillion gigabytes annually, largely due to high-definition video streaming. As our insatiable appetite for data grows, so does the need for faster, more efficient communication systems. However, the invisible highways of electromagnetic …
The Maritime and Port Authority of Singapore (MPA) and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), held the annual PIER71™ Great Circle 2024 today at the Suntec Singapore Convention and Exhibition Centre. Dr Amy Khor, Senior Minister of State, Ministry of Transport and Ministry of Sustainability and the Environment opened the event as the Guest-of-Honour which featured the 8th edition of the Smart …
Singapore’s digital economy continued its strong contribution in 2023, accounting for S$113 billion of the nation’s Gross Domestic Product (GDP) according to the second Singapore Digital Economy Report (4.34MB) developed by the Infocomm Media Development Authority (IMDA). Maintaining a 17.7% share of the GDP, the digital economy now accounts for approximately S$1 out of every S$6 in the economy. From 2018 – 2023…
Singapore Airlines and Garuda Indonesia, the flag carriers of Singapore and Indonesia respectively, are deepening their partnership with increased flight frequencies between Singapore Changi Airport and Soekarno–Hatta International Airport in Jakarta, Indonesia, and an expanded codeshare agreement. Singapore Airlines will increase its daily services between Jakarta and Singapore from six to eight, starting from 22 November 2024. Meanwhile, …
At the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change, Ms Grace Fu, Minister for Sustainability and the Environment, announced that the Singapore Government has committed up to US$500 million in concessional funding to support the Financing Asia’s Transition Partnership (FAST-P) launched by the Monetary Authority of Singapore (MAS) last year.FAST-P is a blended finance initiative which br…
With Vistara ceasing operations, India's full-service airline count drops to one. The merger grants Singapore Airlines a 25.1% share in Air India, concluding another overseas-backed airline era. Vistara will operate its last flights on November 11 before rebranding as Air India..... More https://bit.ly/4hTkB5o Via livemint.com
