In August, Singapore’s industrial output declined by 12.1% year-on-year, marking the 11th consecutive month of contraction, surpassing expectations and driven primarily by a sharp decline in the electronics sector. Economists had anticipated a 3.1% year-on-year...
KKR, a global investment firm, is set to acquire a 20% stake in Singapore Telecommunications (SingTel)’s regional data center business for SGD 1.1 billion (USD 0.8 billion), placing the overall value of SingTel’s regional data center business at USD 5.5...
Singapore’s dtcpay, a digital payments company, has teamed up with the verification platform Sumsub to streamline the onboarding process for new users. Sumsub, headquartered in London and establishing regional headquarters in Singapore, will integrate its...
Johnson & Johnson International (Singapore) is collaborating with the Singapore Economic Development Board (EDB) to boost innovation in Singapore’s life sciences sector. The first-of-its-kind partnership involves leveraging Johnson & Johnson Innovation –...
Singapore is exploring the possibility of repurposing incineration ash from Semakau, its sole landfill, for use in projects like the construction of Tuas Port. As Semakau is expected to reach full capacity by 2035, the government is considering recycling ash from the...
Singapore is making significant strides in its commitment to import low-carbon electricity, with plans to import two gigawatts (GW) of renewable energy annually from Indonesia within the next five years. This initiative, which represents about 15% of Singapore’s...
Singapore’s finance ministry has allocated an additional SGD 1.1 billion (USD 802 million) to address households grappling with rising living costs. This package includes an extra payment of up to SGD 200 for approximately 2.5 million adult Singaporeans,...
As part of Exercise Forging Sabre in Idaho, the Singapore Army is currently testing an unmanned ground vehicle developed by the United States-based Ghost Robotics in collaboration with Singapore’s Defense Science and Technology Agency (DSTA). These unmanned vehicles...
RegenX, headquartered in Singapore, has successfully secured USD 500,000 in pre-seed funding from Wavemaker Impact, a venture capital firm specializing in climate tech solutions. RegenX’s core mission revolves around regenerative agriculture, with a central goal...
The Singapore Food Agency (SFA) has just launched the Aquatic Animal Health Services (AAHS). The service aims to help aquaculture farms prevent and control diseases that can affect the survival and growth rate of aquatic animals and impact harvests. SFA has engaged...
Japanese chemicals company Mitsui Chemicals recently launched a new plant to produce its high-performance polyolefin elastomer (POE) product Tafmer at its Singapore-based wholly-owned subsidiary Mitsui Elastomers (MELS). As part of Mitsui Chemicals’ VISION 2030...
The Advanced Cell Therapy and Research Institute, Singapore (ACTRIS) announced the opening of a new 2,000 sqm cell therapy facility to meet the increasing clinical demand for cell and gene therapy (CGT) treatments in Singapore. The facility comprises 14 Good...
