The Ministry of Trade and Industry (MTI) announced that Singapore’s economic growth in 2021 came in at 7.6%, up from the previous estimate of 7.2%. This growth figure was driven by the manufacturing, finance, insurance and wholesale trade sectors. The 2020 growth...
SIA Engineering has opened an SGD 9 million (USD 6.6 million) aircraft engine services (AES) facility in Singapore to provide basic maintenance services for French company Safran’s aircraft engines. The company anticipates growing demand for the new, next-generation...
GenScript Biotech, the world’s leading life science research tools and services provider, opened a USD 15 million 30,000-square-feet manufacturing facility in Singapore for highly automated protein and gene preparation services. It is the company’s first...
Agilent Technologies, a global leader in the life sciences, diagnostics and applied chemical markets, signed a Research study Partnership Contract (RCA) with the Singapore Institute of Food and Biotechnology Development (SIFBI), outlining their collaboration on...
The Southeast Asia digital economy is set to continue its momentum and strong growth despite the pandemic, with Regional M&A activity hitting an all-time high of almost USD 125 billion in the first half of 2021. The number of venture investments into Southeast...
The third and final section of the Cross Island Line (CRL), Singapore’s eighth MRT Line, is expected to have an estimated completion date of end 2033. The line, which is estimated to have a length of 56 kilometers, was originally expected to be completed by 2030, but...
EDP Renewables (EDPR), the world’s fourth-largest renewable energy producer, announced that it will invest USD 10 billion by 2030 to establish its Asia-Pacific headquarters in Singapore and develop new clean energy projects across the region. As part of its...
Uniqlo has announced plans to open 5 new stores and refresh 2 of its existing stores in 2022, expanding its footprint to 31 stores island-wide. This move likely comes due to a surge in retail sales in 2021, which rose 11.1% year-on-year in 2021 after a decline of...
Alexander Hospital is the first healthcare institution in Singapore and Asia Pacific to use Google Glass headsets, a wearable technology that provides doctors with real-time information, allowing them to join home visits virtually and to diagnose patients immediately....
In February 2022, Australia’s multinational mining, metals and petroleum public company, BHP, welcomed the world’s first LNG-fuelled Newcastlemax bulk carrier, arrived in Singapore for its first bunkering operation. Singapore is the largest bunkering hub on the...
Singapore plans to produce 30% of its local production by 2030. In this context, shrimp aquaculture technology specialist, Blue Aqua, recently announced that it will be investing USD 34 million in its high-tech farm to operate the cultivation of rainbow trouts. From...
The Covid-19 pandemic has provided the digitization catalyst for many businesses. Covid-19 precautions have led to fewer wine tasting opportunities, which has led wine giant Penfolds to employ high-tech “phygital” interactive sensory tools to engage...
