In May 2023, oil refining and marketing company Neste celebrated the official opening of its Singapore Refinery Expansion. The expansion, which was first announced in 2018, cost USD 1.95 billion, and is expected to double the company’s production capacity in Singapore...
In late May 2023, Solein, the sustainable protein developed by Finnish Tech Food company Solar Foods, underwent its first official tasting in Singapore, half a year after the city-state first approved the sale of products containing this ingredient in October 2022. As...
Singapore has retained its position as the best business environment over the next five years, according to EIU’s latest business environment rankings for the second quarter of 2023. Canada and Denmark, with tied scores, follow closely behind, largely supported by...
Singrow, the Singapore company that has developed “climate-resilient strawberries” designed to be grown in tropical climates, has announced its intentions to collaborate on agricultural projects in Malaysia and Thailand. The planned farmlands in these countries will...
The Changi Airport Group (CAG), in collaboration with Accenture, has unveiled a metaverse experience called ChangiVerse, a fresh way for new audiences to connect with Singapore Changi Airport and explore its notable sights in the digital space. ChangiVerse is the...
Global industrial gases and engineering company Linde announced has signed a long-term agreement to supply green hydrogen to Evonik, a leading specialty chemicals company. Linde will build, own and operate a nine-megawatt alkaline electrolyzer plant on Jurong Island,...
The Singapore Land Transport Authority (LTA) has awarded two contracts for the provision of four key systems – signaling system, platform screen doors (PSD) system, Integrated Supervisory Control System (ISCS) and communications system – for the Cross Island Line...
GXS Bank, a virtual lender majority-owned by Grab in Singapore, has launched instant loans starting from SGD 200 (USD 149). The aim is to cater to gig workers and digital natives seeking flexible and accessible financial services. Borrowers can easily apply for loans...
The Singapore Ministry of Health (MOH) has confirmed its intention to table a new Health Information Bill in the second half of 2023. Through the bill, the MOH seeks to enable the collection of patients’ selected health data from healthcare providers and to allow...
In its pursuit of achieving net-zero carbon emissions by 2050, Singapore is actively exploring the wider implementation of biofuels and sustainable bioresources in carbon-intensive sectors such as electricity generation, transportation, and heavy industry. To...
Singapore will be seeking bids to increase its electricity generation capacity by 2028 to meet the growing energy demand as the Government moves towards a centralized process to coordinate such investments by the private sector. The Energy Market Authority (EMA) will...
The Singapore Ministry of Defence (MINDEF) and France’s Ministry of the Armed Forces (MOAF) have signed an agreement to establish a Joint Research & Development Laboratory (Joint Lab). This is the first Joint Lab in Singapore that MINDEF has established with...
