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 security and operational readiness. According to a report by GlobalData, the government is...
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. These billionaires, with a combined wealth of USD 155.5 billion, have made Singapore one of...
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 capacity of at least 600 MW, this plant will be the largest and most efficient combined-cycle gas...
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 batteries. The collaboration, launched in Europe, aims to integrate recycled materials into BMW’s...
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 intensifying global tourism competition. The development will introduce two luxury hotels, adding 700...
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 semiconductor capabilities. The facility, located next to Micron’s existing operations, is...
Olam Agri, headquartered in Singapore, has signed a Memorandum of Understanding (MoU) with German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to enhance sustainability in the global agri-food sector. This collaboration will...
The Singapore Eye Research Institute (SERI) is forging strategic alliances with international partners to advance ophthalmic treatments and technologies. In November 2024, SERI and the Singapore National Eye Centre (SNEC) entered a three-year collaboration with the...
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 and lifestyle hub recorded over 80 million visitors from January to December, marking a 10%...
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 operational technology (OT) security. The agreement aims to enhance Singapore’s cybersecurity...
Singapore-based Ninja Van has teamed up with Universal Robina Corporation (URC) to optimize product restocking and distribution across key retail locations. The partnership leverages Ninja Restock, Ninja Van’s B2B logistics solution, to streamline the delivery of...
FLS Group, a global logistics provider specializing in project cargo and heavy-lift transport, has partnered with AC Logistics, a Philippine-based end-to-end logistics company under Ayala Corporation, to tackle energy and infrastructure challenges in the Philippines....
