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
Whistleblower Uproar Topples Top Brass at Singapore Post
In the latest turn of events, Temasek Holdings-backed company Singapore Post fired its top leadership amid the whistleblower report. The company fired its CEO, Vincent Phang, CFO Vincent Yik and the head of the international business unit, Li Yu, along with managers for their misconduct in its international e-commerce logistics
JP Morgan Hit with Massive Fine by Singapore’s Cenbank
US lender JP Morgan Chase was fined for being incompetent in preventing its relationship managers from defrauding its clients. On Monday, the Central Bank of Singapore fined the US lender $1.79 million for failing to prevent and detect the misconduct. According to Yahoo Finance, the Monetary Authority of Singapore (MAS)
Asia’s Disney Cruise Is Almost Here– See Details Below
Disney has now opened its window for cruises in Asia on the Disney Adventure ship. Booking will soon begin on Dec 10, 2024, a year ahead of the ships scheduled to depart from Singapore in December 2025. According to CNBC, the ship can accommodate 6,700 passengers and has seven themes
Why Singapore is the Global Gateway for Tech Startups?
Innovation and technology are now at the forefront of the global economy’s evolution, driving industries into new phases of efficiency and creativity. The appeal of starting a tech business in today’s world is undeniable. With the right idea and execution, tech startups can access global markets, tackle complex challenges, and
Hong Kong Loses Its Financial Businesses to Singapore!
Hong Kong continues to bear Beijing’s burden; it is losing financial business to Singapore amid growing financial challenges in China. Moreover, according to a report published by the Economist Intelligence Unit (EIU), ongoing economic turmoil in China will help Japan, India, and Singapore become new financial hubs in Asia. The
Pope Francis’ Call for Fair Wages in Singapore
During his tour of Asia’s poorest to richest nations, Pope Francis advocated for the rights of migrant workers in Singapore. He mentioned that migrant workers have immensely contributed to the development of Singapore into an advanced economy; therefore, they deserve dignified pay and working conditions. In his own words, “These
Singapore Airlines Cleared for Vistara-Air India Merger
Recently, Singapore Airlines received approval from the Indian government for foreign direct investment (FDI) in the Air India- Vistara merger. As part of a strategic collaboration, Vistara and its 49%- -%—owned joint venture with Tata were acquired by Air India. The merger will be completed by the end of 2024.
Singapore is Taking Lead for Setting Semiconductor Giants
Most semiconductor chips are made in Singapore, and now the country is looking for ways to expand its initial production with AI smart tech. A plan to prepare 11% of land at Singapore’s wafer fabrication parks to attract semiconductor giants is in place. According to statistics, the semiconductor sector has