Singapore

Singapore is on the way to high-level trade talks with the United States this month in a bid to ensure that its export-oriented economy is protected. The trade and Industry Minister, Gan Kim Yong, who doubles up as the Deputy Prime Minister of the country will also be travelling to Washington DC where he would request that tariffs on the …

Monetary Authority Of Singapore (MAS), the financial regulator of Singapore has said that it will update the liquidity risk management framework of fund managers in Singapore to provide them with guidance in line with recognized international practices. The proposed changes are related to the need to provide additional protection to investors, improving market resilience, in particular, in case of market …

Not to be outdone, Singapore Airlines (SIA) has provided a new warning: climate-related operational cost is also rising with an increased carbon emissions of its fleet. This warning puts the carrier at the crossroad between being environmentally responsible and not able to afford to be. SIA has been increasing its emissions, and at the same time it must contend with …

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. Jetstar Asia Closure: Financial Pressures Behind Jetstar Closing …

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. The process of handing over from Lim Boon Heng to Teo Chee Hean will be planned slowly over quite …

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 …