As Singapore’s rail network expands with new stations and lines like the Circle Line, Jurong Region Line (JRL), and Cross Island Line (CRL), public buses will play a crucial role
Category: Singapore Business
Banking and Finance
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GFI and ICP Hub Singapore Target Financial Education and Knowledge Sharing Through MoU
GFI and ICP Hub Singapore partner to advance fintech and Web3 ecosystems, focusing on community engagement, talent development, and innovation through a new MoU.
Energy
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Singapore, US Sign Deal to Explore Nuclear Energy Cooperation
Singapore and the US signed a “123 Agreement” to explore nuclear technology for climate and energy needs, without committing Singapore to deploy nuclear energ
Singapore Business
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KTC Civil Engineering awarded $590m contract for Jurong Lake District MRT station and tunnels
LTA awarded KTC Civil Engineering a $590M contract to build Jurong Lake District MRT station, part of Cross Island Line Phase 2, opening in 2032
Singapore Business
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Singapore to trial passport-less immigration clearance at Changi Airport on August 5
Additionally, a QR code clearance system, already in use for cars and buses at land checkpoints, will soon extend to motorcyclists, offering a passport-less option for border crossing.
Singapore Business
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Singapore Rises to 5th in Global Startup Rankings, Surpassing Sweden
Singapore has risen to 5th place globally in startup rankings, surpassing Sweden and solidifying its position as Asia’s top startup ecosystem.
Economy
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Economist Lowers Singapore’s Q2 2024 GDP Growth Forecast to 2.6%
RHB economists cut Singapore’s Q2 2024 GDP growth forecast to 2.6%, citing declining manufacturing output and potential global risks, including U.S. trade policy shifts
Cars
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XPENG announces foray into Singaporean market with pop-up store opened
XPENG enters Singaporean market with a pop-up store offering G6 test drives, advanced EV features, and pre-sale discounts. Official store opens in September
Singapore Business
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Changi Airport Reports Significant Growth in Passenger and Cargo Traffic for Q2 2024
Changi Airport saw a 13.4% rise in passenger traffic and 16% increase in cargo for Q2 2024, nearing pre-COVID levels
Singapore Business
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Singapore’s Changi Airport officially tops the list
Changi airport has won the World’s Best Awards survey 11 times and is recognized as a Hall of Fame honoree by Travel + Leisure