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 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 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 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...
Saudi Basic Industries Corporation (SABIC), a Saudi petrochemical major, has officially opened a new SGD 220 million (USD 170 million) resin manufacturing facility in Singapore. This advanced facility marks SABIC’s second production site in Singapore and is...
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 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 (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...
RealEye.ai, an Israeli homeland security and law enforcement solutions provider, has announced a significant partnership with the Armed Forces of the Philippines (AFP) Cyber Division to enhance the nation’s cybersecurity capabilities. This agreement, secured for...
The free trade agreement (FTA) between the Philippines and South Korea officially took effect on December 31, 2024, marking a historic milestone in their economic relationship. Signed on September 17, 2023, the FTA aims to create new opportunities for businesses and...
Envision Energy, a global leader in green technology, has achieved a significant milestone by signing the Philippines’ largest single wind power contract to date. The agreement, awarded by ACEN, the renewable energy platform of the Ayala Group, involves...
The Philippines will receive EUR 10.7 million (USD 11.12 million) from the European Union (EU) to support climate mitigation and adaptation initiatives. This funding is part of the Climate Fund Managers’ (CFM) Climate Investor Two (CI2) Fund, a USD 1 billion blended...
