In April 2025, Shell finalized the sale of its Singapore refining and petrochemical assets to a joint venture between Indonesia’s Chandra Asri and Switzerland’s Glencore. The transaction includes the Bukom refinery and Jurong Island facilities, marking the...
In April 2025, the Republic of Singapore Navy (RSN) successfully conducted a live-fire test of an Aster 15 surface-to-air missile from its lead Formidable-class frigate, RSS Formidable, in waters near Toulon, France. The missile intercepted and destroyed a Banshee...
In April 2025, the United States (US) imposed a 10% tariff on nearly all imports, including those from Singapore, under the International Emergency Economic Powers Act. Despite having a free trade agreement with the US and a relatively balanced bilateral trade...
Cargill unveiled its transformed Innovation Center in Singapore on April 10, 2025, marking a significant milestone in advancing food innovation for Asia. Supported by the Singapore Economic Development Board and Enterprise Singapore, the upgraded center is designed to...
In April 2025, Sembcorp Industries announced a 25-year Renewable Energy Purchase Agreement (REPA) between its wholly owned subsidiary, Sembcorp Solar Singapore Pte Ltd, and Malkoha Pte Ltd, a subsidiary of Meta Platforms Inc. Under this agreement, Sembcorp will...
The Li Ka Shing Foundation (LKSF) and Temasek Trust have jointly committed SGD 9 million (about USD 6.7 million) to support the acquisition of advanced medical systems and the advancement of a clinical trial for innovative histotripsy cancer therapy in Singapore. This...
SGTech, Singapore’s leading technology trade association, launched TechConnect Asia, an initiative designed to bridge global technology firms with Singapore’s dynamic tech ecosystem, in April 2025. Announced during SGTech’s “Tech Transforms...
DHL Supply Chain has launched a new EUR 10 million (USD 11.2 million) Pharma Hub in Singapore, marking a significant expansion of its life sciences and healthcare (LSHC) logistics infrastructure in the Asia Pacific region. This dedicated 8,200-square-meter facility,...
Milliken & Company, a global leader in specialty chemicals and advanced materials, officially inaugurated its first chemical manufacturing facility in Asia in April 2025, choosing Singapore as its strategic base. This milestone marks a significant expansion of...
Foodpanda has taken a major step in Singapore by automating its “dark stores”-dedicated retail warehouses that support its Pandamart cloud grocery service. The company is deploying robots and artificial intelligence (AI) to optimize storage, inventory management,...
On March 27, 2025, the Monetary Authority of Singapore (MAS) announced a proposal to allow retail investors to participate in private market investment funds, a move aimed at expanding investment opportunities for the general public. This initiative responds to...
Singapore is set to begin purchasing carbon credits to help offset its greenhouse gas emissions, with the Ministry of Trade and Industry (MTI) preparing to launch a request for proposal (RFP) later in 2025. This initiative is part of Singapore’s broader strategy to...
