SGTech, a trade association for the tech industry, has proposed nine recommendations to the Ministry of Finance to develop digital trust capabilities, provide skill-based assessments for tech talent recruitment and training, and encourage sustainability in Budget...
Singapore launched the Environmental Services Industry Transformation Map (ES ITM) 2025 in January 2023, which aims to improve productivity and raise standards in the environmental services industry by 2025. NEA’s refreshed plan to transform the industry also aims to...
Hyundai Motor’s assembly plant in Singapore is set to begin producing the electric Ioniq 5 in the first half of 2022. The plant is located at the Hyundai Motor Group Innovation Centre in Jurong and is now expected to be finished by April 2022. The plant will...
The Building and Construction Authority (BCA) has projected the total construction demand in Singapore for the year 2023 to be between USD 27 billion and USD 32 billion. This demand is the estimated value of construction contracts that will be awarded in that year....
Singapore is planning to implement a new air traffic management (ATM) system in the latter half of the decade to manage the projected increase in flights and reduce delays. The Civil Aviation Authority of Singapore (CAAS) intends to purchase the new system in the...
Looking ahead at Singapore’s economy for 2023, there is a reason for optimism in the tech startup scene, especially for early-stage, deep tech companies and investors. While venture capital investment decreased globally in 2022, early-stage fundraising saw less...
British multinational pharmaceutical and biotechnology company GlaxoSmithKline (GSK) has announced the opening of a new SGD 44 million (USD 33 million) high potency facility (HPF) in its strategic New Product Introduction site in Jurong, Singapore. The HPF will be...
Soitec, a French company leader in the design and production of innovative semiconductor materials, just broke ground on the construction of its wafer fab extension at Singapore’s Pasir Ris Wafer Fab Park. The fab extension will be dedicated to the production of 300...
The Singapore government recently launched a new initiative called Green Economy Regulatory Initiative (GERI), which supports businesses in seizing new green growth opportunities, developing green products and services. The new platform will be utilized to consolidate...
Singapore and the European Union (EU) have agreed to accelerate steps towards a comprehensive and forward-looking Digital Partnership between the two parties. They reaffirmed their shared ambition to bring the robust and longstanding EU-Singapore relationship into the...
A key thrust of the recently launched National Hydrogen Strategy strategy is for Singapore to experiment with advanced hydrogen technologies on the cusp of commercial readiness. To this end, the Energy Market Authority (EMA) and the Maritime and Port Authority of...
The Maritime and Port Authority of Singapore (MPA), Port of Los Angeles, Port of Long Beach and C40 Cities (a global network of mayors) have begun discussions on establishing a green and digital shipping corridor between Singapore and the San Pedro Bay Port Complex in...
