Business News
Business news to help you keep track of the latest developments and identify new opportunities across key sectors in Southeast Asia
Monthly Business News to Help You Understand the Market
Croda Singapore to Build Advanced Wastewater Treatment Plant Using NTU Spin-off’s Technology
Croda Singapore, the Asia-Pacific headquarters of Croda International, is set to adopt an advanced wastewater treatment system at its Seraya manufacturing site on Jurong ...
Shopee Expands Regional E-Commerce Access for Singapore Sellers
Shopee has launched its Shopee International Platform (SIP) in Singapore, enabling local businesses to expand into Malaysia and Thailand without additional costs. The ...
Singapore Launches USD 28 Million MedTech Initiative to Boost Medical Device Commercialization
Singapore has introduced MedTech Catapult, a USD 28 million (SGD 38 million) initiative by the Agency for Science, Technology and Research (A*Star) to accelerate medical ...
Malaysia-Singapore Biofuels Hub to Boost USD 337 Million in Green Investments
A biofuels hub specializing in Bio-Liquefied Natural Gas (bio-LNG) is set to be developed in the Johor-Singapore Special Economic Zone (JS-SEZ). The hub's planned processing ...
Trinasolar and NTU Partner to Develop AI-Driven Energy Storage Solutions
China-based solar technology company Trinasolar has partnered with Singapore’s Nanyang Technological University (NTU) to develop artificial intelligence (AI)-driven tools ...
Businesses Explore Growth Prospects in Johor-Singapore Special Economic Zone
More than 180 Singaporean companies participated in a business mission to Johor Bahru, Malaysia, to explore investment and partnership opportunities within the ...
Singapore’s Agrifood Futures Partners with Agnition for New Zealand AgTech Accelerator
Singapore-based Agrifood Futures has partnered with Agnition, the venture arm of New Zealand’s Ravensdown, to launch Land x Launch™, an accelerator program aimed at helping ...
Singapore Navy Deploys Locally Developed Unmanned Vessels for Patrol Missions
The Republic of Singapore Navy (RSN) has deployed domestically developed unmanned surface vessels (USVs) for patrol missions in the Singapore Strait. These vessels, designed ...
Singapore Boosts Defense Spending to USD 19.7 Billion by 2029
Singapore’s defense spending is projected to reach USD 19.7 billion by 2029, reflecting the country’s continued investment in advanced military technologies to maintain its ...
Billionaire Wealth in Singapore Surges to USD 155 Billion
Singapore has become an increasingly attractive destination for billionaires, with the number of high-net-worth individuals calling the city-state home rising to 47 in 2024. ...
PacificLight Power to Develop USD 1 Billion Hydrogen-ready Power Plant by 2029
PacificLight Power is set to develop a USD 1 billion hydrogen-compatible natural gas power plant on Jurong Island in Singapore, slated to begin operations by 2029. With a ...
BMW and Singaporean Company Team Up for Closed-Loop Battery Recycling
BMW Group has entered into a battery recycling partnership with Singapore-based SK tes to recover critical raw materials such as cobalt, nickel, and lithium from used ...
Resorts World Sentosa Unveils USD 5.07 Billion Expansion to Boost Singapore’s Tourism
Resorts World Sentosa (RWS) has initiated a USD 5.07 billion (SGD 6.8 billion) expansion project, slated for completion by 2030, aiming to enhance its appeal amid ...
Micron Invests USD 7 Billion in Singapore’s First HBM Packaging Facility
Micron Technology has started the construction of a High-Bandwidth Memory (HBM) advanced packaging facility in Singapore, part of a USD 7 billion investment to expand its ...
Singapore and Germany to Improve Smallholder Farming in Asia, Africa, and Latin America
Olam Agri, headquartered in Singapore, has signed a Memorandum of Understanding (MoU) with German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit ...
Singapore Eye Research Institute Expands International Partnerships
The Singapore Eye Research Institute (SERI) is forging strategic alliances with international partners to advance ophthalmic treatments and technologies. In November 2024, ...
Jewel Changi Airport Reports Record Footfall and Sales in 2024
Nature-themed entertainment and retail complex Jewel Changi Airport saw record-breaking foot traffic and sales in 2024, driven by a steady recovery in air travel. The retail ...
Singapore Reinforces Cybersecurity Through Partnership with US Firm Dragos
Singapore’s Digital and Intelligence Service (DIS) has signed a three-year Memorandum of Understanding (MOU) with Dragos Inc., a U.S.-based cybersecurity firm specializing in ...
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