SINGAPORE: Energy connectivity in Southeast Asia could benefit from a feasibility study conducted by Singapore and the United States. Amidst the US-Southeast Asia Clean Energy Roundtable in Singapore on Thursday, Tan See Leng, Singapore’s Second Minister of Trade and Industry, and US Energy Secretary Jennifer Granholm met (Jul 14). Friday, they issued a joint ministerial statement reiterating their commitment to …

CHINA: A record quarterly profit from Uniqlo owner Fast Retailing pushed the company’s share price to its highest level this year in Tokyo trade on Friday. One-day gains of 8.5% were the most since April 15, and it was expected to conclude at its best level since November 2021. China, Fast Retailing’s most important international market, had severe losses in …

ASEAN – According to Trade and Industry Minister Gan Kim Yong, the government would invest S$150 million (RM468 million) on space research and development to improve Singapore’s space capabilities (February 9). The Office for Space Technology and Sector, which controls the country’s space industry, and the National Research Foundation will make the investment, according to Gan, who was speaking at …

In order to sustain its competitiveness, Singapore aims to expand its manufacturing sector by 50 percent over the next 10 years, with the pandemic highlighting its importance to the economy of the trade-reliant city-state. But the target is unrealistic because it will become more difficult to rely on foreign labor to complement the local workforce, Minister of Trade and Industry …

On Monday morning, the Singapore Ministry of Trade and Industry reported that, based on advance projections, the country’s gross domestic product (GDP) dropped by 5.8 percent year-on-year for the whole of 2020, compared to 0.7 percent growth in 2019. The economy of Singapore contracted by 3.8 percent year on year for the fourth quarter of 2020, an improvement from the …