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 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...
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, 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...
Chick-fil-A, Inc., the third-largest quick-service restaurant chain in the United States by sales, has announced plans to open its first restaurant in Singapore in late 2025, marking its entry into the Asian market. The expansion is part of a 10-year, USD 75 million...
KLA, a global leader in semiconductor equipment and services, has completed the first phase of its USD 200 million expansion in Singapore, unveiling a state-of-the-art manufacturing facility. The Phase 1 building, spanning 200,000 square feet, includes advanced...