Strong Investments in Singapore’s Aerospace Sector

Strong Investments in Singapore’s Aerospace Sector

Singapore’s aerospace sector has attracted substantial investment commitments totaling over S$750 million (USD 555 million) from more than ten projects, signaling significant growth opportunities for the industry. This influx of investments is projected to...
Singapore’s Strategic Investment in AI

Singapore’s Strategic Investment in AI

Singapore’s substantial investment of over SGD 1 billion into AI over the next five years, as announced in its 2024 National Budget, underscores the nation’s strategic vision to reinforce its status as a global business and innovation hub. With a keen...
Thai and Singaporean Specialists Advance Floating Solar in Thailand

Thai and Singaporean Specialists Advance Floating Solar in Thailand

Thailand’s UMC Metals and New Energy Capital Asia from Singapore have inked a power purchase agreement (PPA) for a 1.6 MWp solar venture in Thailand, comprising both floating and ground-mounted solar arrays. New Energy Capital Asia specializes in providing solar...
Singapore’s Tourism Sector Recovers in 2023

Singapore’s Tourism Sector Recovers in 2023

In 2023, Singapore’s tourism sector showcased remarkable resilience and recovery, with international visitor arrivals reaching approximately 13.6 million, equivalent to about 71 percent of the 2019 levels. This performance exceeded the Singapore Tourism...
Expansion of Marine Tilapia Farming in Singapore

Expansion of Marine Tilapia Farming in Singapore

Two additional fish farms, Millenia Farm and Grand Pacific Fishery, have joined pioneer Heng Heng Fish Farm in producing marine tilapia, a resilient and fast-growing food fish. Employing sustainable farming methods such as using food pellets instead of expired bread...
Singapore to Upgrade Broadband Network

Singapore to Upgrade Broadband Network

Singapore’s Infocomm Media Development Authority (IMDA) has committed up to S$100 million to upgrade the Nationwide Broadband Network (NBN), ensuring it remains future-ready to meet the evolving digital landscape. Anticipating the rapid advancement of digital...
Singapore’s MINDEF to Acquire 8 New F-35As

Singapore’s MINDEF to Acquire 8 New F-35As

The Ministry of Defence (MINDEF) is acquiring eight new F-35As, in addition to 12 F-35Bs, which have been bought and announced previously. Designed for greater endurance and the ability to carry payloads of higher capacity, the F-35A variant will complement the...