In May 2025, Singapore achieved two significant milestones in its international trade strategy with the activation of the Pacific Alliance–Singapore Free Trade Agreement (PASFTA) and the signing of the European Union–Singapore Digital Trade Agreement (EUSDTA). These...
The Republic of Singapore Navy (RSN) will begin deploying a new fleet of unmanned mine countermeasure (MCM) systems from 2027, as part of its ongoing efforts to modernize naval capabilities and safeguard critical sea lanes. These advanced systems, supplied by local...
Changi Airport Group has awarded two major construction contracts worth about SGD 4.75 billion (approximately USD 3.5 billion) for the development of Terminal 5 (T5), marking Singapore’s largest airport expansion to date. The first contract, valued at SGD 3.8 billion...
Singapore has launched Singapore GasCo, a fully government-owned entity established to centralise the procurement and supply of natural gas for the country’s power sector. This move aims to ensure a stable, secure, and cost-competitive supply of natural gas, which...
In April 2025, the World Economic Forum (WEF) launched the Asia-Pacific chapter of its 1000 Ocean Startups coalition in Singapore, aiming to bolster ocean-focused innovation across the region. This initiative seeks to accelerate the development of sustainable...
Sea Group, the parent company of Shopee and Garena, inaugurated its new global headquarters for digital financial services in Singapore in May 2025 and rebranded its fintech arm from SeaMoney to Monee. The headquarters, located at Rochester Commons near Buona Vista...
Cariflex, a global leader in polyisoprene rubber latex and a subsidiary of South Korea’s DL Chemical, officially opened the world’s largest polyisoprene latex plant on Jurong Island, Singapore, in May 2025. The SGD 462 million (USD 355 million) facility, Singapore’s...
Singapore is set to significantly expand its aquaculture operations in the East Johor Strait from 2026, with the Singapore Food Agency (SFA) planning to release 117 hectares of farming space off Pasir Ris, Pulau Ubin, and Pulau Tekong for tender. This expansion aims...
Emirates has officially opened its first Emirates World retail store in Singapore, marking a significant milestone in the airline’s 35-year history in the country and reaffirming its commitment to delivering a premium customer experience in Southeast Asia. Located at...
BIOTRONIK, a leading German medical technology company specializing in cardiovascular devices, has opened a new Asia-Pacific Manufacturing and Research Hub in Singapore. The 20,000-square-metre facility, located at BIOHUB in Kallang, will serve as the company’s...
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...
