COP29: Singapore and Peru Agree on Article 6 Carbon Credits

COP29: Singapore and Peru Agree on Article 6 Carbon Credits

Singapore’s Ministry of Trade and Industry (MTI) announced on November 2024 during the COP29 climate summit that it has successfully concluded negotiations on a bilateral carbon trading agreement with Peru. This Implementation Agreement (IA), aligned with Article 6 of...
Robinhood to Debut in Asia in 2025, Headquartered in Singapore

Robinhood to Debut in Asia in 2025, Headquartered in Singapore

Robinhood Markets Inc., a US-based brokerage firm is set to expand its operations into Asia, establishing Singapore as its regional base starting next year. This move follows Robinhood’s recent entry into the UK market, where it has begun offering some of its...
Biggest Local Train and Bus Depot Set to Open in 2026

Biggest Local Train and Bus Depot Set to Open in 2026

Singapore’s Land Transport Authority (LTA) has opened a tender for the operation of 27 bus routes under the Tampines bus package, set to commence in July 2026. This initiative emphasizes the importance of electric bus operations, as the LTA aims to enhance the...
Sanofi Opens USD 800 million Manufacturing Facility in Singapore

Sanofi Opens USD 800 million Manufacturing Facility in Singapore

Sanofi, a French pharmaceutical giant, has opened a new USD 800 million manufacturing facility named Modulus in Tuas Biomedical Park, Singapore. This 58,000 square meter plant is set to produce vaccines and other biopharmaceutical products, including enzymes and...
Giant Reshuffles Supermarket Deck as Customer Preferences Change

Giant Reshuffles Supermarket Deck as Customer Preferences Change

Giant supermarket chain is undergoing significant restructuring as it closes 11 of its outlets in Singapore in 2024, including notable locations in Bishan and Paya Lebar. These closures come amid rising operational costs and intense competition, with rival Sheng Siong...
Dutch Firm Opens New Indoor Vertical Farm in Changi, Singapore

Dutch Firm Opens New Indoor Vertical Farm in Changi, Singapore

Dutch agritech company Growy has successfully opened its new indoor vertical farm in Changi, Singapore, transitioning from a research and development phase to commercial operations. The facility spans 8,000 square meters and aims to achieve full production capacity of...
Singapore Secures USD 4 Billion in Venture Capital in H1 2024

Singapore Secures USD 4 Billion in Venture Capital in H1 2024

Singapore continues to attract substantial investments, securing approximately USD 4 billion in fixed asset investment (FAI) commitments during the first half of 2024, as reported by the Singapore Economic Development Board (EDB). This achievement positions the EDB on...
Changi Airport to Upgrade Four of its Terminals

Changi Airport to Upgrade Four of its Terminals

Singapore Changi Airport Group (CAG) has announced a substantial investment of SGD 3 billion (USD 2 billion) to upgrade four of its terminals in preparation for anticipated increases in air travel demand. This initiative comes as the airport gears up for the...
JTC Appoints Consortium to Build Smart Grid in Punggol

JTC Appoints Consortium to Build Smart Grid in Punggol

JTC Corporation, a government agency under Singapore’s Ministry of Trade and Industry, has appointed a consortium comprising Univers, a global decarbonization software firm, and PacificLight Power, a Singapore-based power generator, to develop Singapore’s first...
IRRI and DA-FPA Partner to Advance Agricultural Drone Training

IRRI and DA-FPA Partner to Advance Agricultural Drone Training

IRRI (International Rice Research Institute) and the Philippine Department of Agriculture’s Fertilizer and Pesticide Authority (DA-FPA) have signed a Memorandum of Agreement (MOA) aimed at training policymakers on the safe and effective use of agricultural...