Page 13 - Singapore

IESA to facilitate sending workforce to Singapore for semicon training

This is part of the recently announced Memorandum of Understanding (MoU) with the Singapore Semiconductor Industries Association (SSIA)

Philippines, Singapore broaden defence ties with new military agreement

The Philippines is signing a defence pact with Singapore on Wednesday that will allow their militaries to broaden their engagement, including holding joint exercises to prepare for humanitarian emergencies and other contingencies, Philippine officials said. Defence Secretary Gilberto Teodoro will sign the Defence Cooperation Agreement with his counterpart in Singapore, two Philippine officials told The Associated Press on condition of anonymity ahead of the signing. Details of the agreement were not immediately available. Since territorial hostilities between China and the Philippines surged last year at two hotly disputed shoals in the South China Sea, Philippine President Ferdinand Marcos Jr's administration has taken steps to forge new security alliances with a number of Asian and Western countries and allowed a US military presence at more Philippine bases under a 2014 defense pact. In his state of the nation address before the Philippine Congress on Monday, Marcos stressed that

Budget 2024: India to enable VCC structures like Singapore, Mauritius

Industry officials believe that the adoption of the VCC framework has helped Singapore become the hub for international fund management, and a similar move for India will be beneficial

Houthi militants strike, damage Singapore-flagged vessel in Gulf of Aden

A Singapore-flagged vessel was damaged in an attack allegedly by Houthi militants southeast of Yemen on Friday, the Maritime and Port Authority of Singapore (MPA) said in a statement. The MPA said it was informed that container vessel the LOBIVIA was hit by "unidentified projectiles" while transiting the Gulf of Aden, resulting in a fire onboard that was subsequently extinguished by the crew. There are no Singaporeans among the crew, Channel News Asia reported, citing the authority and adding that all crew are accounted for and safe. Despite being hit, the vessel was able to set sail and arrived at Somalia's Berbera Port. Damage assessment and repairs, if needed, will be carried out, it said. MPA said it is in contact with the vessel manager to provide any assistance that might be needed. The Republic of Singapore Navy (RSN) has also alerted its security partners in the Gulf of Aden region to provide help, it added. In a televised speech, Houthi military spokesperson Yahya Sarea s

Temasek likely to invest $10 billion in India in the next three years

Singapore firm's exposure in country likely to touch $47 bn in 3 years

India, Singapore well positioned to create change: Prez Shanmugaratnam

India and Southeast Asia are well positioned to create a new era of opportunity, equity and sustainability, despite the resurgence of industrial policies among the major economies, Singapore President Tharman Shanmugaratnam said on Thursday. Working with other responsible middle powers, both regions have the ability to strengthen multilateralism, which, despite its imperfections, has been an arrangement that has served nations both rich and poor well for decades, he said at a dinner celebration of the 20th anniversary of the Institute of South Asian Studies (ISAS), a think tank of the National University of Singapore. Tharman also expressed optimism that Singapore-India relations will continue on an upward trajectory. Industrial policies such as tax breaks and subsidies to promote specific industries domestically are returning at a rate not seen since the 1960s and 1970s, despite having largely failed then, Tharman noted. For instance, the International Monetary Fund tabulated 2,50

Singapore Food Agency approves 16 species of insects for human consumption

Singapore's food watchdog on Monday said it has approved some 16 species of insects like crickets, grasshoppers and locusts for human consumption, adding to the internationally-renowned menu of global foods including Chinese and Indian dishes in the multi-ethnic city-state. The much-awaited announcement comes to the delight of industry players who have been gearing supply and catering in Singapore to insects grown in China, Thailand and Vietnam, The Straits Times newspaper reported. The approved insects include various species of crickets, grasshoppers, locusts, mealworms and silkworms. The Singapore Food Agency (SFA) said that those intending to import or farm insects for human consumption or livestock feed must meet SFA's guidelines, including providing documentary proof that the imported insects are farmed in regulated establishments with food safety controls and are not harvested from the wild. Insects that are not on SFA's list of 16 will have to undergo an evaluation to ensur

Here's why Singapore govt is making life tougher for global talent

The programme was announced in 2022 to assess an employment pass's complementarity with the local workforce

Pope to preside over interfaith meet in Indonesian mosque during Asia visit

Pope Francis will preside over an interfaith meeting in a mosque in the world's largest predominantly Muslim country during a four-nation Asian visit in September that will be the longest and most complicated foreign trip of his pontificate. The Vatican on Friday released the itinerary for Francis' September 2-13 trip to Indonesia, East Timor, Papua New Guinea and Singapore. The packed schedule makes clear that the 87-year-old pontiff, who has battled health problems and is increasingly reliant on a wheelchair, has no plans to slow down. After a day of rest upon arrival in Jakarta on September 3, Francis launches into a typically rigorous round of protocol visits to the four countries' heads of state and government, speeches to diplomats and meetings with clergy and public Masses in each location. In Jakarta, he'll preside over an interfaith meeting at the capital's Istiqlal Mosque. Sprinkled in the mix are encounters with young people, poor and disabled people, elderly people and

S'pore to recognise Palestine in principle at appropriate time: Foreign min

Singapore is prepared in principle to recognise Palestine as a state and will make this move at an appropriate time, Foreign Minister Vivian Balakrishnan said in Parliament on Tuesday, emphasising that the country has advocated a negotiated two-state solution, consistent with the relevant UN Security Council resolutions to achieve lasting peace. In particular, there needs to be an effective Palestinian government that accepts Israel's right to exist and categorically rejects terrorism, Dr Balakrishnan said. Both sides have legitimate rights, and both peoples have a right to live in peace and dignity within secure borders, The Straits Times quoted the Singapore minister as saying. He was responding to questions from parliamentarians on Singapore's May 10 decision to vote for a United Nations resolution backing the admission of Palestine as a member of the world body, which it said was made after serious and careful consideration. Dr Balakrishnan urged both sides to seize the moment

Gukesh vs Liren: Singapore wins bid for 2024 FIDE World Championships match

Singapore will host the 2024 World Championship match between India's chess sensation D Gukesh and defending champion Ding Liren from China, FIDE announced on Monday The development means that Gukesh won't compete on home turf as neither Delhi nor Chennai could secure the hosting rights for the much-anticipated event which will be held between November 20 and December 15. "The Singapore Chess Federation, supported by the Government of Singapore, has won the bid to host the FIDE World Championship Match 2024," FIDE said in a release. "After reviewing the bids and inspecting all potential host cities for their venues, amenities, event programs, and opportunities, the International Chess Federation has selected Singapore as the host of the World Championship Match," FIDE added in the release.

Singapore gets tough on casinos in new measures to check terrorism funding

Casinos in Singapore will soon face tighter rules on conducting due diligence checks when receiving cash as part of updated measures to counter terrorism financing, the country's gambling regulatory body said on Monday. Due diligence checks will have to be carried out when casinos receive a cash deposit of SGD 4,000 (USD 2,950) or more into a customer's account - down from the current threshold of SGD 5,000. The new threshold for due diligence checks was among the measures laid out in Singapore's updated National Strategy for Countering the Financing of Terrorism, jointly published on Monday by the Ministry of Home Affairs (MHA), the Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS). "The adjustment is made so that Singapore casinos can better combat money laundering and terrorism financing and align our requirements with FATF standards," the Gambling Regulatory Authority (GRA) said. The Financial Action Task Force (FATF) is a global money laundering and ...

China's AI startups head to Singapore in pursuit of global growth

AI entrepreneurs in particular are accelerating the shift because trade sanctions imposed by the US on their homeland block their access to the newest technologies

Nazara subsidiary to fully acquire Freaks 4U Gaming in deal worth Rs 271 cr

E-sports and gaming company NODWIN will enhance its stake to 100 per cent in its European peer Freaks 4U in a share swap deal valued at around Rs 271 crore, the company said on Friday. Singapore-based NODWIN is a material subsidiary of Nazara Technologies, a company headquartered in Mumbai. "NODWIN Gaming International Pte has signed definitive agreements to increase its existing 13.51 per cent stake in Freaks 4U Gaming GmbH to 100 per cent in tranches through a share swap valued at up to Rs 271 crore (Euro 30.3 million)," the company said in a statement. NODWIN will initially increase its existing stake in Freaks 4U to 57 per cent. "The remaining 43 per cent held by the founders Michael Haenisch, Matthias Remmert and Jens Enders will be swapped at a later time at its option. Existing investors of Freaks 4U Gaming will become shareholders of NODWIN Pte," the statement said. Freaks 4U generated Rs 223 crore (Euro 26.9 million) revenue in 2023. NODWIN acquired a minority stake in F

Congestion at Singapore port shows global ripple impact of Red Sea attacks

Retailers, manufacturers and other industries that rely on massive box ships are again battling surging rates, port backups and shortages of empty containers

Determined to respond to financial crime risks: Singapore PM Wong

Singapore published a national asset recovery strategy report as part of its efforts to enhance its anti-money laundering

Singapore costliest city for luxury spending, Hong Kong, London follow

Singapore has continued to attract the ultra-wealthy by maintaining its reputation for political and economic stability

Singapore rushes to clean-up oil slick after boat hits stationary fuel ship

An oil spill caused by a dredger boat hitting a stationary cargo tanker has blackened part of Singapore's southern coastline, including the popular resort island of Sentosa, and sparked concerns it may threaten marine wildlife as a clean-up operation was underway Sunday. The Netherlands-flagged dredger Vox Maxima struck the Singaporean fuel supply ship Marine Honor on Friday. It damaged the cargo tank on Marine Honor, which leaked oil into the sea. Singapore's Maritime and Port Authority said in a statement late Saturday the oil leak from the vessel had been contained, and that the oil that escaped from the damaged tanker had been treated with dispersants. But due to the tidal current, it said the treated oil had landed along shorelines including at Sentosa and other southern islands, a nature reserve and a public beach park. Sentosa, which attracts millions of visitors annually, houses one of Singapore's two casinos, golf courses and Southeast Asia's only Universal Studios theme ..

Beaches on Singapore's resort island of Sentosa closed after oil spill

Tanjong Beach Club, which is normally bustling with guests on weekends, was largely empty. Scattered tables with a handful of diners looked over the shoreline

Indian techie jailed in Singapore for hacking ex-employer's server

Kandula Nagaraju, a former employee of NCS, was found guilty of executing a cyber-attack on the company's quality assurance system after being fired