Singapore

U.S. oil major Chevron, which is in the process of simplifying its global business and becoming financially more resilient, is said to set to sell its 50 per cent interest in a joint venture in Singapore, the Singapore Refining Company (SRC) with Chinese state-owned oil PetroChina. This move will be undertaken, as Chevron intensifies its larger strategy to reorganize its …

Singapore the leading low-cost carrier, Jetstar Asia, has declared that it will close down permanently, ending the two-decade era of low-cost services in the region. The Jetstar Asia shutdown is a massive blow to the budget travellers in Southeast Asia, with Jetstar winding up operations entirely by the end of July 2025. Over 500 Jetstar Asia employees to be affected …

Former Deputy Prime Minister Teo Chee Hean is set to be Temasek Holdings’ next chairman in a major move to adjust the organization’s plans. Teo will take over the job on October 9, 2025, after Lim Boon Heng served for more than a decade. Temasek’s shift in leadership is happening when it must deal with difficult global investment settings that …

Singapore’s wealth fund Temasek Holdings said on Friday that Teo Chee Hean will replace Lim Boon Heng as chairman. With Teo Chee Hean’s appointment, the state investment firm is now prepared to deal with the shifting dynamics of the world market. Former senior minister Teo Chee Hean to be next Temasek chairman, taking over from Lim Boon Heng https://t.co/jEZcIHVuxR— The …

On June 4, 2025, the Certificate of Entitlement (COE) market experienced a significant change during the latest bidding process. Buyers of cars saw prices drop in most areas, except for motorcycles which cost more. This outcome happened when the Land Transport Authority (LTA) announced that the COE quota for the May–July period has increased which is helping to reduce problems …

Singapore is working towards becoming more sustainable through its cooperation with CMA CGM on the first trial for bio-methane bunkering. The plan was put forth by the Maritime and Port Authority of Singapore (MPA) and comes under the wide umbrella concerning maritime cooperation between Singapore and France. As both agencies work on making shipping environmentally stable, the alliance could become …

Singapore’s Energy Market Authority has granted TotalEnergies and RGE permission to proceed with a major renewable energy project that will establish a significant clean power link between Indonesia and Singapore. Singa Renewables, which leads the joint venture, has been given provisional approval to send a gigawatt of renewable power from Indonesia to Singapore. With this, Europe is making major progress …

The Singapore Tourism Board and the Milken Institute have agreed to sign an MoU that will see the Milken Institute Asia Summit held in Singapore until the year 2028. Since this agreement, both organizations will carry on their successful partnership, guaranteeing the event is an important gathering for international figures from business and government. Since its launch in Singapore in …

The World No.1 duo of Malaysia Goh Sze and Nur Izzuddin was defeated by the dominating performance exhibited by the highly hoped Indian duo Satwiksairaj Rankireddy and Chirag Shetty during the Quarter Finals which took place today. It was an electrifying straight game victory of 21-17, 21-15 registered by Satwik & Chirag duo and they have now entered into the …

The rise in core inflation to 0.7% in April 2025 from 0.5% in March was mainly caused by higher prices for services and food. Singapore Inflation did not change, staying at 0.9% instead of the predicted 0.8% by economists, reported the latest figures from the Department of Statistics. Overall, the rise in price did not translate into greater overall inflation, …