DuPont’s New Manufacturing Facility in Singapore

DuPont’s New Manufacturing Facility in Singapore

DuPont Nutrition & Biosciences has announced the mechanical completion of its new Flexiblend facility in Singapore. The new plant will leverage DuPont’s advanced biotechnology and global quality standards to provide customized solutions to industry partners in...
Major Beer Maker, ThaiBev, Revives Plan for Blockbuster Singapore IPO

Major Beer Maker, ThaiBev, Revives Plan for Blockbuster Singapore IPO

Thai beer and liquor giant, Thai Beverage (ThaiBev), plans to spin off and list its regional brewery unit, BeerCo, on the Singapore Exchange (SGX) mainboard. In a regulatory filing in early February, ThaiBev said that it has received a no-objection letter from SGX for...
Additional Support for Covid-19 Affected Aviation Sector

Additional Support for Covid-19 Affected Aviation Sector

With passenger traffic down 98% year-on-year in November, the aviation sector is not expected to recover anytime soon. In late December 2020, the Singapore Government stated it will provide an additional SGD 84 million (USD 63.5 million) worth of support for aviation...
UK – Singapore Free Trade Agreement Comes into Force

UK – Singapore Free Trade Agreement Comes into Force

A new trade agreement between Singapore and the United Kingdom, the United Kingdom – Singapore Free Trade Agreement (UKSFTA), has officially come into force as of 1 Jan 2021, replacing the EU-Singapore Free Trade Agreement (EUSFTA) with regards to trade between both...
Airbus Ventures Adds Singapore Start-Up ZES to its Portfolio

Airbus Ventures Adds Singapore Start-Up ZES to its Portfolio

Venture capital company, Airbus Ventures, has added Singapore start-up company, Zero Error Systems (ZES), to its investment portfolio. ZES specializes in developing ‘smart chip’ technology capable of protecting satellites from radiation damage. The technology,...
Singapore Adds USD 74 Billion Financial Stimulus to 2021 Budget

Singapore Adds USD 74 Billion Financial Stimulus to 2021 Budget

With Singapore’s trade-reliant economy expected to continue facing uncertainty in 2021, the Singapore government is looking to add an additional SGD 100 billion (approximately USD 74 billion) worth of fiscal stimulus initiatives to its 2021 budget. This is equivalent...
Singapore Boosts Ties with Malaysia and Hong Kong Energy Sectors

Singapore Boosts Ties with Malaysia and Hong Kong Energy Sectors

The Energy Market Authority (EMA), Singapore’s energy agency, has signed memorandums of understanding (MOUs) with its Malaysia and Hong Kong counterparts, Suruhanjaya Tenaga (ST) and the Electrical and Mechanical Services Department (EMSD), aimed at...