Singapore Strengthens Role as Asia’s Business Travel Hub
Singapore has become the leading business travel hub in South and Southeast Asia, accounting for 22% of regional demand in the first half of 2025, according to Tumodo. India follows with 20%, while Thailand holds 15%, and Indonesia, Malaysia, Vietnam, the Philippines, Bangladesh, and other markets make up the remaining
Keppel Secures S$2B from Global Investors for Future-Driven Funds
Singapore-based Keppel has made a significant stride in its global growth journey, securing nearly S$2 billion (US$1.53 billion) in capital commitments from institutional investors worldwide for its flagship funds. In a statement released on Monday, Keppel shared that the funding will support its Keppel Data Centre Fund III, Keppel Education
Singapore Loosens Monetary Policy as Global Trade Slows
In a cautious move reflecting growing global uncertainty, Singapore’s central bank, the Monetary Authority of Singapore (MAS), eased its monetary policy for the second time this year. The decision comes amid deteriorating global trade conditions—largely driven by rising U.S. tariffs—and a bleaker economic outlook for 2025. On Monday, Singapore’s Ministry
SC Capital Eyes Global Switch in $5 Billion Data Centre Deal
In what could be a defining move in the global data centre space, Singapore-headquartered real estate investment manager SC Capital Partners is in talks to acquire Global Switch, a leading British data centre company, according to sources close to the matter. The deal, if it materialises, could value Global Switch
UMC Launches $5 Billion Chip Plant in Singapore
Taiwan’s second-largest chipmaker, United Microelectronics Corp (UMC), has just marked a major milestone by opening a cutting-edge semiconductor plant in Singapore. The new facility, worth a whopping $5 billion, is set to bolster UMC’s global production capacity amid a booming demand for advanced chips. Located in the Pasir Ris Wafer
Singapore & Japan Are Reshaping the Asian Work Culture
Businesses in Asian countries, particularly Singapore and Japan, are reshaping the future of work culture. According to Nikkei Asia, fewer than 40% of professionals spend their entire workweek in the office in Singapore and Japan, thanks in part to government policies promoting work-life balance, which have reinforced the shift toward
Southeast Asia’s Largest Bank Adopts AI, Reducing Workforce
The Development Bank of Singapore, DBS, has announced the replacement of 4,000 human roles with artificial intelligence (AI) as part of its digital transformation strategy. The shift represents a major step in integrating AI technology into the banking sector, promising great efficiency and cost-effectiveness. According to the reports, the affected
PSA Tuas Sets New Standards in Automated Operations
Singapore’s Taus port is on the path to becoming the port of the future. By embracing technology, the port has streamlined the supply chain and enhanced support for its PSA-valued customers. Moreover, according to the PSA, they are on a mission to build the world’s largest fully automated port to
Singapore’s Bunker Hub Hits Unprecedented Highs
According to official data released on Wednesday, marine fuel sales in Singapore, the world’s largest bunker hub, hit new peaks in 2024. The surge was fueled by record container throughput and increased deliveries of alternative marine fuels. Sales reached 54.92 million metric tons, surpassing the previous record of 51.82 million
Singapore Post Announces Its New Financial Chief
Recently, the Singapore Post announced its new financial chief to spearhead the company’s operations towards growth and innovation. According to Reuters, the company appointed Issac Mah, the current financial leader of its Australia division, as the group head. Mah has served the company since 2019 and has played a pivotal
