Singapore

Japan's Sumitomo Mitsui Finance and Leasing will expand its real estate investment business in Singapore.
Finance

Sumitomo Mitsui unit steps up property investments in Asia

SMFL injects $17m into Singapore property arm

30 June 2023
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Most read in 2023

Singapore senior minister's presidential bid signals shift in ruling party

Tharman's candidacy leaves 'huge hole' in PM Lee's cabinet, says expert

29 June 2023
Rooms at the Centara Grand Hotel Osaka were designed to represent a fusion of Thai and Japanese culture. (Photo by Shogo Furuta)
Travel & Leisure

Thai, Singapore hotel groups target Japan's tourism boom

Centara and Dusit open hotels this year with Capella and Banyan to follow

29 June 2023
A demonstration by the National University of Singapore of a laptop detecting the texture of a squishy ball. The university finished No. 8 globally in the 2024 QS ranking.
Education

Singapore makes breakthrough in global university rankings

Tight COVID rules drag Chinese schools lower in 2024 QS survey

28 June 2023
The industry will need annual production of 449 billion liters of sustainable aviation fuel if it is to reach its net-zero goal. Last year's production was slightly above 300 million liters.
Transportation

Asia plays catch-up in race for sustainable aviation fuel

Neste's biofuel refinery in Singapore now has annual capacity of 1.26bn liters

26 June 2023
Concerns over a slowing business environment and climbing interest rates are impacting fundraising by Asian startups.
Finance

On topic: Can Asian startups get more funding?

A collection of stories to catch up on a recent hot topic

24 June 2023
Scorching conditions from the El Nino weather pattern are expected to crimp production at palm oil plantations like this one in Indonesia's East Kalimantan province. 
Economy

From Indonesia to Vietnam, El Nino fans fears of fires and drought

Returning climate pattern set to hit key crops as well as industrial sector

23 June 2023
The total balance of Trust Bank Singapore's deposits exceeded 1 billion Singapore dollars ($744 million) in May. (Photo by Tsubasa Suruga)
Finance

Singapore digital bank targets growth through supermarket links

Trust Bank uses incentive point service to lure locals eager for discounts

22 June 2023
Financial institutions in Singapore have been found in breach of regulations to counter money laundering and financing of terrorism. (Source photos by AP and Getty)
Finance

Singapore punishes Citi, DBS, OCBC over Wirecard scandal

Regulator MAS slaps $2.8 million in penalties on financial institutions

21 June 2023
The Monetary Authority of Singapore has been dabbling with blockchain technology on several fronts, including with JPMorgan, DBS and Marketnode. (Source photos by AP) 
Finance

JPMorgan, DBS, Temasek bet big on Asia's blockchain race

Investors and Singapore regulator join efforts despite crypto headwinds

21 June 2023
 Singapore-based tech group Grab Holdings is cutting over 1,000 jobs.
Technology

Singapore's Grab cuts 1,000 jobs in first layoffs since 2020

CEO says restructuring a 'painful but necessary step' to stay competitive

21 June 2023
Singapore's government anticipates economic growth this year will be driven by exports, particularly of semiconductors. (Photo by Fumito Akiyama)
Startups

Singapore startup ecosystem outranks Shanghai, Seoul, Tokyo

Despite funding winter, city-state surges most to 8th spot on strong M&As

20 June 2023
Dyson moved its headquarters last year from the U.K. to Singapore, located in a former power plant. (Photo by Mayuko Tani)
Electronics

Dyson powers innovation push with next-gen battery plant in Singapore

Appliance maker taps tech from canceled EV project in search for breakthrough hit

16 June 2023
Lazada’s estimated gross merchandise value fell from $21 billion in 2021 to to $20.1 billion last year, according to a report by the consultancy Momentum Works.
Retail

TikTok rises, Alibaba's Lazada falters in ASEAN e-commerce

ByteDance-owned platform grows in Southeast Asia but still lags behind rivals

15 June 2023
The Bangkok skyline. Thailand is 52nd on the startup ecosystem scale, according to one ranking.
Startups

Thailand aims to duplicate Singapore model for startups

Capital gains tax breaks begin to attract investor funds to nascent industry

15 June 2023
Tao Bin vending machines in Thailand offer a variety of affordable, customizable drinks. (Photo by Ken Kobayashi)
Consumer

Cashless smart vending machines take China and Thailand by storm

Devices in Singapore and Malaysia serve up medicine and supplements

13 June 2023
Bank of Japan Gov. Kazuo Ueda attends a group interview with media in Tokyo on May 25. The BOJ is expected to maintain its ultra-easy monetary policy for now, but all eyes are on his remarks at the press conference on Friday.
Your Week in Asia

Toyota AGM, China economic data, BOJ policy meeting

Your weekly lineup of Asia's biggest business and political events

11 June 2023
Tharman Shanmugaratnam at a G20 meeting in Germany in 2017. The politician made the surprise announcement that he will run for a largely ceremonial post on June 8.
Politics

Singapore former deputy PM Tharman to run for president

Veteran politician known by first name to step down as monetary authority chair

8 June 2023
The Singapore Turf Club's racecourse closes in October 2024, and the land will become a residential area. (Photo by Getty/Kyodo)
Property

Singapore horse racing to end after 180 years to build housing

City-state's last track hurt by casino, pandemic closures

7 June 2023
Indonesian President Joko Widodo speaks at a conference in Singapore on June 7, touting investment opportunities in the country's capital relocation project. (Photo by Tsubasa Suruga)
Politics

Jokowi stresses Nusantara continuity under next president

Indonesian leader calls for funding new capital as investors voice concerns

7 June 2023
Singapore-based Thunes has hubs in Shanghai, Nairobi, London, Paris, Dubai, New York and Miami. (Source photo from Reuters and logo from Thunes' website)
DealStreetAsia

Singapore fintech startup Thunes raises further $25m

Series C funding comes from U.S.-based Bessemer Venture Partners

7 June 2023
Bluenergy Solutions' tidal turbines will be used to power up a lighthouse on an island. (Photo courtesy Bluenergy Solutions)
Energy

Singapore to test the waters for tidal power with Japanese partners

Kyushu Electric Power group to advise on floating turbines to run lighthouse

6 June 2023
The city-state currently has 25 cables in operation and 14 more projects in the pipeline, according to U.S. telecommunications researcher Telegeography. (Photo courtesy of NTT)
Telecommunication

Singapore to double subsea cable landings in digitization push

City explores more landing sites as tech companies and telcos diversify routes

5 June 2023
Chinese Defence Minister Li Shangfu says that exchanges with the U.S. should be based on mutual respect as a "fundamental principle."
Indo-Pacific

No China-U.S. talks, NATO in Asia: 5 takeaways from Shangri-La summit

Philippines, Indonesia also make headlines amid growing security concerns

5 June 2023
Venture capital companies are facing a tougher fundraising environment, as U.S.-based investors have grown wary following the banking crisis that started in March. (Source photo by Reuters)
Market Spotlight

ASEAN's VC 'funding winter' worsens on Grab, GoTo slowdown

Wary venture capital investors slash valuations of startups as interest rates rise

5 June 2023