Tag: singapore

Singapore , Apr 24, 2024 Singapore has become the first country in Asia to impose a city-wide ban on disposable coffee cups and plastic utensils...

The European Union announces a €10 billion investment package for ASEAN countries, focusing on green transition, sustainable connectivity, and development across energy, transportation, digitalization, and education sectors. This initiative marks 45 years of cooperation between the two regions.

[The Semiconductor Equipment Manufacturers Industry (SEMI) predicts global semiconductor manufacturing equipment sales will hit US$108.5 billion in 2022, surpassing the previous record of US$102.5 billion in 2021. Front-end and back-end categories are expected to drive growth, though sales are projected to decline to US$91.2 billion next year.]

Brunei secured impressive global rankings in business and labor market regulations, scoring 8.8 out of 10 in the Fraser Institute's Economic Freedom Index. The Sultanate ranked 59th globally among 165 economies, demonstrating strength in regulatory compliance and economic frameworks.

Asia is investing over US$350 billion in gas projects to reduce coal dependency, but experts warn this could potentially slow renewable energy adoption and lock in fossil fuel use for decades.

Singapore's core inflation moderated to 2.2% in February, below expectations, but authorities warn of potential upside risks from geopolitical tensions and pandemic-related disruptions. The Monetary Authority of Singapore anticipates further inflation pressures in the near term.

Britain and Singapore begin talks on a digital trade agreement aimed at removing barriers for tech companies and expanding economic collaboration in the Indo-Pacific region, supporting post-COVID economic recovery and global tech ambitions.

Singapore's sovereign wealth fund GIC Pte Ltd has purchased a 16% stake in Sunway Healthcare Holdings for RM750 million. Greenwood Capital, a GIC arm, signed a share purchase agreement to acquire interests in Sunway Healthcare, including 100 million shares and convertible preferred shares.

GlobalFoundries is investing $4 billion in a new chip factory in Singapore, joining rivals like TSMC and Samsung in expanding production capacity. The US-based company plans additional investments in Germany and the United States, aiming to address ongoing semiconductor shortages affecting multiple industries.

Singapore and Vietnam's foreign ministers meet to accelerate digital economy partnerships and mutual health certificate recognition, marking the first ministerial visit since COVID-19 pandemic began.