The Ministry of the Environment and Water Resources (MEWR) in Singapore has set up a new SG Eco Office, which will serve as the central body driving and coordinating sustainability initiatives across communities in Singapore. The office will develop holistic...
Leading Singaporean solar firm, Sunseap Group, announced a partnership on 20 February 2020 with Boustead Projects for the potential installation of rooftop industrial solar energy systems at Boustead’s real estate projects. Boustead is a real estate solutions...
ExxonMobil is embarking on a multi-billion-dollar expansion of its Jurong Island refining and petrochemical complex in Singapore to increase its production capacity for higher-value products and cleaner fuels. According to the Straits Times, this investment which was...
AMTD Digital, the one-stop digital finance platform arm of AMTD Group, a Hong Kong-headquartered financial institution, announced on 17 March that it will acquire a controlling stake in Singapore-based insurtech firm, PolicyPal. This acquisition is pending approval...
Singapore’s Infrastructure Asia and Denmark’s Danida Sustainable Infrastructure Finance signed a Memorandum of Understanding (MOU) on 26 February 2020 to boost the financing of sustainable infrastructure. With this MoU, Singapore and Denmark deepen their ties to...
The three leading Singapore Banks, DBS, Overseas Commercial Bank of China (OCBC) and United Overseas Bank (UOB) have announced relief measures for corporate small and medium enterprises (SMEs) and retail customers affected by the COVID-19 (Coronavirus Disease 2019)...
At the Singapore Airshow 2020, aerospace companies committed SGD 500 million (USD 360 million) of new investments in Singapore over the next five years. JTC, the government agency responsible for the development and management of industrial estates in Singapore, TC...
Collins Aerospace Systems opened a 10,000 square foot Innovation Hub in Singapore on 11 February 2020. The Hub will standardize advanced digital technology solutions across Collins Aerospace’s MRO network. The Innovation Hub is expected to add more than 40 new jobs...
Singapore-headquartered energy, marine and urban development group, Sembcorp Industries (Sembcorp) announced on 10 February 2020 that its wholly-owned subsidiary Sembcorp Solar Singapore has been named as the preferred bidder to build a 60 megawatt-peak (MWp) floating...
In the 2020 budget, the Singapore government laid out a vision is to phase out ICE (internal combustion engine) vehicles and have all vehicles run on cleaner energy by 2040. Three measures have been introduced in the budget for this: Enhancement of incentives to...
Alongside the annual World Economic Forum Annual Meeting in Davos in January 2020, the International Chamber of Commerce (ICC) joined the Singapore government and a growing consortium of key industry partners to accelerate the digitalization of global trade and...
In February 2020, the Singapore parliament passed the Hazardous Waste (Control of Export, Import And Transit) Amendment Bill to comply with amendments to the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal (Basel...
