Singapore

Tan Su Shan, right, was appointed DBS Group Holdings deputy chief executive on Aug. 7 and will replace Piyush Gupta, left, as CEO next year. They are pictured with DBS Chairman Peter Seah. (DBS Group Holdings)
Finance

Singapore's DBS chief Piyush Gupta to step down after 15 years

Deputy CEO Tan Su Shan to take post next year as first female leader

7 August 2024
Singapore has much in its favor for becoming one of the world's leading climate tech hubs, such as a strong startup ecosystem and government mandates for net-zero.
Opinion

Singapore's climate tech startups are set to clean up

While facing various hurdles, the city-state is well positioned to become a global hub

7 August 2024
HP has built up a massive China-focused supply chain for PCs but is now looking to reduce its reliance on Asia's biggest economy.   
Supply Chain

HP plans its most aggressive shift of production away from China

Thailand emerges as major factory destination as PC maker hires engineers in Singapore

7 August 2024
Mike McDermott, chief global supply officer and executive vice president at Pfizer, speaks at the opening of Pfizer's new plant in Singapore's Tuas Biomedical Park on July 23. 
Pharmaceuticals

Singapore gets Big Pharma rush to invest in plants for aging region

Pfizer, AstraZeneca and Novartis to expand production for cancer and other drugs

5 August 2024
The skyline of Shenzhen, China. The country has been struggling to recover property investment sentiment since it launched a crackdown in 2020. (Photo by Yusuke Hinata)
Market Spotlight

As China's property market slumps, foreign investors get pickier

Singapore capital ticks up while Western buyers shy away from commercial sites

5 August 2024
Stream article image
Podcast: News Roundup

Malaysia and Singapore crack down on social media

Tune in to Nikkei Asia's podcast, bringing the region's key news to global listeners

2 August 2024
Malaysian ministers say the new licensing system for social media and messaging services is a necessary step to safeguard the online space. Civil society groups have strongly criticized it as a move toward increased censorship and authoritarianism. (Photo by Norman Goh)
Cybersecurity

Malaysia's new social media rules draw mixed reactions

Opposition concerns over curbs on freedoms contrast with calls to tackle cybercrime

1 August 2024
GDP for the ASEAN six is expected to increase by an average of 5.1% annually until 2034, outpacing China's projected growth of 3.5% to 4.5%. (Source photos by Ken Kobayashi and Reuters)
Economy

Southeast Asia to outpace China's GDP growth and foreign investment: report

Think tank projects 5.1% average growth next decade in six key economies

1 August 2024
Singapore's Temasek says that profits from investments in the U.S. and India are cushioning underperformance in China. (Photo by Keiichiro Asahara)
Business trends

Singapore's Temasek plans to invest up to $30bn in U.S. over next 5 years

Will target sectors such as health care, financial services and tech

30 July 2024
Members of the World Trade Organization released an agreement on e-commerce rules following negotiations that began in 2017.
Trade

WTO members reach digital trade deal to ban tariffs on data

Proposed e-commerce rules also cover cybersecurity and regulatory transparency

27 July 2024
Singapore's inflation figures came in lower than expected.
Economy

Singapore keeps monetary policy tight, lowers inflation outlook

Central bank expects price pressure to ease further later this year

26 July 2024
Grab has abandoned a plan to acquire Singaporean taxi operator Trans-cab in light of concerns from authorities that the merger would reduce competition in the market. 
Transportation

Grab ends plan to acquire Singapore taxi firm Trans-cab

Companies withdraw application after antitrust watchdog raised concerns

25 July 2024
China has "come to the end of its growth model" as the property slump continues to weigh on its economy, said GIC chief investment officer Jeffrey Jaensubhakij.
Property

GIC shifts to 'niche' real estate deals in China amid oversupply

Singaporean investor to reorient local team to make bets more granular

24 July 2024
Singapore's National Hydrogen Strategy calls for low-carbon hydrogen usage as a "major decarbonization pathway" to help it reach its emissions goal of net zero carbon by 2050.
Opinion

Singapore must import clean energy from ASEAN neighbors

City-state faces quandary over production of blue or green hydrogen

24 July 2024
Singapore will require social media and online marketplaces to detect and act against scams and other malicious activities. (Photo by Fumika Sato)
Cybersecurity

Malaysia and Singapore tighten oversight of Facebook, others

Southeast Asia grapples with malicious activities on social media and market sites

23 July 2024
Grab has acquired Chope's businesses in Singapore, Indonesia and Thailand for an undisclosed sum. (Source image by Grab; screenshot from Chope's website)
Business deals

Grab to enter restaurant booking business through acquisition

Super app buys Chope's business in Singapore, Indonesia and Thailand

22 July 2024
The RTS Link, seen here in an artist rendering, will have the capacity to handle 10,000 passengers per hour in each direction. (Singapore Land Transport Authority)
International relations

Singapore and Malaysia bolster ties with rail, special economic zone

Commuter line to ease border congestion while 3,500 sq. km area to promote investment

21 July 2024
SATS supplies in-flight meals to Singapore Airlines and others, producing about 120,000 meals a day.
Business deals

Japan's Mitsui partners with Singapore's SATS on frozen food

Trading house looks to tap growing demand for prepared meals in Asia

19 July 2024
The building that houses Japanese construction company Obayashi's new research and development center in Singapore. (Photo by Tsubasa Suruga)
Construction

Singapore hosts research hub from builder of Tokyo Skytree

Obayashi to study automation and 3D printing in construction amid labor crunch

18 July 2024
TikTok has become a "very relevant player" in Southeast Asia's e-commerce sector, the CEO of Singapore-based consultancy Momentum Works says.
Technology

TikTok e-commerce grows fourfold in ASEAN, narrows gap with Shopee

Combined with Tokopedia, ByteDance group takes second spot in $114bn market

16 July 2024
A Swee Lee store in Singapore, popular as a place for music fans to interact. (Photo by Mayuko Tani)
Startups

Singapore startup's stores and apps connect world's music fans

Caldecott expands through acquisitions of instrumental brands and composition software

14 July 2024
A container ship sails in waters south of Singapore: The country's export-oriented economy grew 2.9% year-on-year in the second quarter of 2024.
Economy

Singapore Q2 GDP grew 2.9%, beating economist forecasts

City-state expects 1% to 3% expansion for 2024 as external demand recovers

12 July 2024
Grab announced a plan to acquire Singaporean taxi group Trans-cab in 2023. (Photo by Ken Kobayashi)
Transportation

Grab's Singapore taxi takeover may violate competition law: watchdog

Antitrust authority says merger will 'significantly weaken' rival platforms

11 July 2024
A Bangkok bug seller. Some species of insects are traditionally consumed as food in Thailand.
Food & Beverage

Singapore diversifies food sources with insects

Grasshoppers and crickets approved for human consumption

10 July 2024
Noodle master Tan Kue Kim, wearing his trademark Rolex watch, fries up fare for a customer in January. He died the following month. (Photo by Dylan Loh)
Tea Leaves

Singapore hawkers highlight generational challenge to famed culinary traditions

Young cooks dip spoons into street food trade as older chefs pass on

10 July 2024