ExxonMobil, Nanyang Technological University (NTU) Singapore, and ASTAR have launched the ExxonMobil-NTU-ASTAR Corporate Lab to develop solutions to reduce carbon emissions and foster sustainability. The USD 44.5 million (SGD 60 million) lab, inaugurated by Mr. Heng...
The Asian Development Bank (ADB) projects that Singapore’s economic growth will accelerate to 2.4% in 2024 and 2.6% in 2025, driven by stronger exports and a resurgence in global electronics demand. This is a notable increase from the 1.1% growth expected in 2023. The...
Changi Airports International (CAI) is set to significantly enhance its presence in China through a joint venture with Wuxi Sunan International Airport Group. This partnership will manage the non-aeronautical business of Wuxi Shuofang International Airport (WUX),...
Singapore-based vertical farming company VertiVegies has canceled its plan to construct one of the largest indoor vegetable farms in the country. The farm, planned on a 2-hectare plot in Lim Chu Kang, aimed to increase local vegetable production by 10%, producing six...
Singtel Cyber Security Institute (CSI), SIM Academy, and UOB (United Overseas Bank) have collaborated to launch a cyber scam preparedness program titled “Defence Against Cyber Scams,” specifically designed for UOB’s frontline branch staff. This initiative...
Singapore is set to construct a new state-of-the-art indoor arena adjacent to the existing Singapore Indoor Stadium in Kallang, which is nearing its capacity after nearly 35 years of service. The aging facility, although a historic venue for numerous major sports and...
According to estimates from Savills, Singapore’s retail landscape is set to undergo significant expansion over the next four years, from 2024 to 2027. The market is anticipated to welcome an impressive total of more than 3.4 million square feet of new retail...
Cedars-Sinai International has expanded its global footprint by opening a new office in Singapore. This marks the organization’s third global office as it aims to build an international healthcare ecosystem. The new office in Singapore will serve as a hub for...
Johnson Controls has announced the opening of a new office and Innovation Center in Singapore, located at one-north. This facility is part of the company’s commitment to supporting regional growth and sustainability across Southeast Asia. The new office will...
Japanese plastic maker Kuraray has announced a strategic investment to establish a new production facility for EVOH (ethylene-vinyl alcohol copolymer) resin at Kuraray Asia Pacific Pte. Ltd., a fully-owned subsidiary in Singapore. This initiative reflects the...
Singapore is set to establish the Future Energy Fund by the end of 2024, a strategic initiative aimed at supporting the country’s shift toward a sustainable and low-carbon energy future. With power generation currently responsible for about 40% of the nation’s...
The Monetary Authority of Singapore’s (MAS) recent survey forecasts a 2024 economic growth rate of 2.4% for Singapore, slightly up from the previous estimate of 2.3%, and anticipates an increase to 2.5% in 2025. The revised forecast also lowers headline inflation...
