In mid-October 2023, Leica Microsystems, a microscopy and scientific instrumentation company from Germany, announced the opening of its new USD 60 million medical manufacturing and R&D facility in Singapore. One of the company’s four global production sites, its...
In mid-October 2023, the Singapore Maritime and Port Authority (MPA) announced the launch of a digital bunkering initiative, to be implemented on 1 November 2023, replacing the use of physical documents for fuel oil deliveries. Under the initiative, fuel suppliers,...
In late October 2023 Singapore E-Wate and Battery Recycling Company KGS officially launched its new battery recycling plant, the company’s first recycling plant and the third of its kind in Singapore, with the first 2 previously opened by battery recycling firms TES...
In October 2023, the Monetary Authority of Singapore (MAS) unveiled the 19 finalists that would take part in the Artificial Intelligence (AI) in Finance Global Challenge, under the 2023 Global FinTech Hackcelerator. 12 of the finalists were shortlisted through the...
In October 2023, the Monetary Authority of Singapore (MAS) unveiled the 19 finalists that would take part in the Artificial Intelligence (AI) in Finance Global Challenge, under the 2023 Global FinTech Hackcelerator. 12 of the finalists were shortlisted through the...
A joint press release by the Ministry of Health (MOH) and the Ministry of Social and Family Development (MSF) in October 2023 announced the launch of a national mental health and well-being strategy. This strategy sees the implementation of a new tiered care model for...
Electric utility company Senoko Energy recently announced the launch of SolarShare 2.0, the first-ever commercially available peer-to-peer grid-scale solar energy trading platform in Singapore. This comes after the positive reception of its prototype in 2020, with the...
Airbus has announced the completion of a series of automatic air-to-air refueling between an A330 multi-role tanker transport (MRTT) and the Republic of Singapore’s Air Force’s (RSAF) F-15 Eagle fighter jets. The event, which involved over 500 automated wet and dry...
The Singapore Food Agency (SFA) recently announced the launch of a tranche of 5 land parcels for vegetable farming in the Lim Chu Kang and Sungei Tengah area, with public tenders for the parcels being accepted. Each land parcel is expected to be between 20,000 and...
Asian technology-driven coffee chains are seeking to expand their presence in Singapore. Luckin Coffee, a Beijing-based brand that heavily incorporated technology, went public in New York in 2019, achieving a valuation of USD 4.2 billion within just two years of...
In August, Singapore’s industrial output declined by 12.1% year-on-year, marking the 11th consecutive month of contraction, surpassing expectations and driven primarily by a sharp decline in the electronics sector. Economists had anticipated a 3.1% year-on-year...
KKR, a global investment firm, is set to acquire a 20% stake in Singapore Telecommunications (SingTel)’s regional data center business for SGD 1.1 billion (USD 0.8 billion), placing the overall value of SingTel’s regional data center business at USD 5.5...
