Kuraray to Invest in New Production Facility in Singapore

Kuraray to Invest in New Production Facility in Singapore

Japanese plastic maker Kuraray has announced a strategic investment to establish a new production facility for EVOH (ethylene-vinyl alcohol copolymer) resin at Kuraray Asia Pacific Pte. Ltd., a fully-owned subsidiary in Singapore. This initiative reflects the...
New Future Energy Fund in Singapore

New Future Energy Fund in Singapore

Singapore is set to establish the Future Energy Fund by the end of 2024, a strategic initiative aimed at supporting the country’s shift toward a sustainable and low-carbon energy future. With power generation currently responsible for about 40% of the nation’s...
Singapore’s GDP Forecast to Grow by 2.4% in 2024

Singapore’s GDP Forecast to Grow by 2.4% in 2024

The Monetary Authority of Singapore’s (MAS) recent survey forecasts a 2024 economic growth rate of 2.4% for Singapore, slightly up from the previous estimate of 2.3%, and anticipates an increase to 2.5% in 2025. The revised forecast also lowers headline inflation...
Update to the Singapore Aquaculture Plan (SAP) Planned in 2024

Update to the Singapore Aquaculture Plan (SAP) Planned in 2024

Singapore’s “30 by 30” vision aims to enhance food resilience by sustainably producing 30% of the nation’s nutritional needs by 2030, addressing vulnerabilities caused by over-reliance on food imports. In response, the Singapore Food Agency...
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...