Page 15 - Singapore

With IPO in mind, Flipkart may move domicile from Singapore to India

The move by the company, valued at $33 billion, may provide a huge tax gain for the Indian govt

IIT-IIM graduates act as big talent pool: Singapore PM Lee Hsien Loong

Singapore, which scouts talent globally, has the biggest concentration of graduates from the Indian Institutes of Technology (IIT) and the Indian Institutes of Management (IIM), said Prime Minister Lee Hsien Loong, who will step down as head of the government on May 15. They are the top institutions in India, and securing a place in them is comparable to getting into the Massachusetts Institute of Technology, Stanford University or Harvard University, he said in a wide ranging interview. The professionals from there (IIT-IIM Alumni) have formed associations in Singapore and hold functions from time to time. "If I can get such a pool, come here and work here, it is a tremendous plus for us." Citing the community of workers from India here now, Lee said Singaporeans notice their influx as the numbers are "not small". However, they are talented individuals and are very valuable to Singapore, and "we should welcome them as we manage the flow". The prime minister highlighted the qualit

SICCI highlights role played by outgoing PM Lee in building ties with India

The Singapore Indian Chamber of Commerce and Industry (SICCI) has highlighted the key role outgoing Prime Minister Lee Hsien Loong has played in building relations between the city-state and India. Much has been achieved in expanding Singapore's bilateral ties with India, with many of our members having business interests (in India). Thanks to your leadership and support, SICCI Chairman Neil Parekh wrote in a letter to Lee, who will hand over on May 15 the leadership of the country to his deputy Lawrence Wong. "The Comprehensive Economic Cooperation Agreement (CECA), under your government's leadership, has not only dramatically benefitted Singapore-India ties but also attracted some of the best talents to Singapore, a testament to the success of your policies and agreements, Parekh said in his appreciation letter to the 72-year-old leader. The CECA was signed on June 29, 2005, as a free trade agreement to strengthen Singapore-India bilateral trade. Your close rapport with India's .

Indian Navy to hold maritime exercise with Singapore to enhance operability

The Indian Navy is looking forward to further enhancing its operability with the Singapore Navy and understanding of each other's operational philosophy by holding joint maritime exercises, Flag Officer Commanding Eastern Fleet Read Admiral Rajesh Dhankhar has said. Addressing a reception for 150 guests from Singapore's defence sector, heads of diplomatic missions and Indian diaspora on board INS Shakti at the Changi Naval Base on Tuesday, he said the navies of the two countries are planning to hold the 31st edition of the Singapore-India Maritime Bilateral Exercise (SIMBEX) which will be held at Visakhapatnam in the fourth quarter of this year. We will be undertaking the 31 Edition of SIMBEX (and) we have done the planning at the working level for the event to be held in the fourth quarter of this year at Visakhapatnam, Dhankhar who is leading the Indian Naval Ships Delhi, INS Shakti, and Kiltan to Singapore, Malaysia and the Philippines. We look forward to further enhancing our ..

3 Indian Naval ships arrive in Singapore for deployment to South China Sea

Three Indian Naval Ships have arrived in Singapore as part of the operational deployment of the Navy's Eastern Fleet to the South China Sea, underscoring the strong linkages between both navies. Led by Rear Admiral Rajesh Dhankha, Indian Naval Ships Delhi, Shakti, and Kiltan reached the city-state on Monday, the Indian Navy spokesperson said in a post on X. The visit is part of the "Op Deployment of #IndianNavy's @IN_EasternFleet to the #SouthChinaSea," it said, amidst China flexing its muscles in the South China Sea. Currently, the Chinese navy is involved in a standoff with the US-backed Philippines naval ships in the South China Sea. The Philippines is trying to assert its claim over the Second Thomas Shoal in the South China Sea which is strongly resisted by China. China claims most of the South China Sea. The Philippines, Malaysia, Brunei and Taiwan have counterclaims. The three Indian naval ships were welcomed by personnel of the Singapore Navy and the High Commissioner of

Amazon to spend $9 bn over next 4 yrs to expand cloud infra in Singapore

AWS also announced a collaboration with the Singapore Government, public sector organisations, and enterprises to help accelerate the adoption of AI

Singapore-India ties to flourish under incoming PM Wong, says SICCI

Singapore's ties with India will continue to flourish under the leadership of the country's incoming Prime Minister Lawrence Wong who will be sworn in on May 15, the Singapore Indian Chamber of Commerce and Industry (SICCI) has said. "As Prime Minister Lee Hsien Loong prepares to hand over (leadership of the city-state) to his successor, Deputy Prime Minister Lawrence Wong, we are confident that Singapore-India ties will continue to flourish, said SICCI Chairman Neil Parekh on Saturday night at the centenary celebrations of the chambers. "This is all the more so since DPM Lawrence Wong co-chaired the India-Singapore Ministerial Roundtable, which has set the stage and the tone for long-term ties between our two countries," he said at the SICCI centennial celebration gala dinner. Singapore President Tharman Shanmugaratnam was the guest of honour at the dinner attended by some 700 business and community leaders from the prosperous Asian financial centre. SICCI is also a vital partner

Spice row: FSSAI orders compulsory testing of spice brands across India

The decision was taken following the suspension of sales of certain spice blends from two leading brands, MDH and Everest, by Singapore and Hong Kong

DBS Group's Q1 results trounce forecasts, another record year expected

Citing robust business momentum as loans grew and both fee income and treasury customer sales reached new highs, net profit jumped 15 per cent from the same period a year earlier to S$2.96 billion

Singapore Airlines to pay Rs 2 lakh to Indian couple over seat malfunction

The Singapore Airlines has been ordered to pay Rs 2,13,585 to Telangana's DGP Ravi Gupta and his wife over malfunction in their automatic recliner seats in the business class

Singapore in your bucket list this summer? Here's what you must know

Seventeen Indian cities are connected with Singapore via 286 weekly departures on seven airlines, including Singapore Airlines, Scoot, Vistara, Indigo, Air India, Air India Express and Drukair

Singapore aims to cross pre-Covid levels of Indian tourist arrivals: STB

Singapore is hoping to cross the pre-Covid level of tourist arrivals from India this year, with a strong focus on family, MICE and film tourism segment, a top official of the Singapore Tourism Board (STB) has said. In 2023, Singapore saw a footfall of 1.07 million visitors from India, which is 76 per cent of the pre-Covid era. During January-March, 2024 over 2,45,380 Indians have already visited Singapore, which is 81.8 per cent recovery from the pre-Covid period. The 'Garden City' had received 2,99,990 Indian tourists during January-March 2019. "It's not difficult to achieve (pre-Covid levels of tourist arrivals from India this year) with an increase in the number of Indian passports, the rise of the middle class and strong connectivity between both the countries," STB's regional director - India, Middle East, South Asia and Africa, Markus Tan told PTI over a telephonic conversation. Singapore Tourism Board (STB) is also focusing on Meetings, Incentives, Conferences and Exhibition

India-focused JVs expected from conference of entrepreneurs in Singapore

A good number of joint ventures and partnerships are going to happen between Indians and delegates from 65 countries that were at the Entrepreneurs Organization's (EO) Singapore conference held this week. "This conference has helped members from India share their thoughts and ideas and take back potential partnerships for developing programmes and services in India," said Pankaj Yadava, Chief Product Officer of the EO, a not-for-profit organisation out of the US with a global network of 19,000 members. The market knowledge sharing conference was held on 22-24 April 2024 in Singapore and an award for student entrepreneurs was held on Thursday, which was a follow-up to the one held in Bhopal in early April, according to Yadava. There were a lot of exchanges of ideas and practices as well as market ground realities at the conference attended by 1,800 delegates from 65 countries, including 143 EO members from India. There are entrepreneurs keen on working in India but face the challeng

Everest Fish Curry Masala recalled in Singapore for pesticide concerns

Following a Hong Kong alert, Singapore has recalled Everest's fish curry masala due to high levels of ethylene oxide, a pesticide linked to cancer

Hong Kong bans sale of Everest, MDH spice mix over ethylene oxide presence

The Centre for Food Safety said there was the presence of ethylene oxide in MDH Group's madras curry powder, sambhar masala powder, and curry powder

Apple Inc aims to invest over $240 mn to expand its Singapore campus

Apple opened its first facility in Singapore in 1981 with 72 employees focused on Apple II, its early personal computer

Singapore orders all employers to consider employees' flexi-time requests

While the guideline isn't enforceable by law, it does require all firms in Singapore to set up a process for employees to submit a formal flexible-working arrangement request

Singapore's Xcelerate picks up strategic stake in governance firm Stirrup

The acquisition by Xcelerate comes at a time when demand for ESG-related advisory and communication services is on the rise following increased regulatory emphasis on ESG disclosures

Indonesia's prez-elect holds talks with Malaysian leader on bolstering ties

Indonesian President-elect Prabowo Subianto held talks Thursday with Malaysia's leader on bolstering bilateral ties as part of a regional visit that has also taken him to China and Japan. Prime Minister Anwar Ibrahim said he and Subianto discussed next steps to strengthen bilateral ties, and also exchanged views on their political experiences. Our political journeys are almost similar as we were both tested with various challenges before being appointed," Anwar said in a statement on Facebook after their meeting. He said Subianto also recalled his secondary education at a school in Kuala Lumpur. May Malaysia-Indonesia relationship continue to be strengthened for our common good, he added. Subianto, who is currently defence minister, will succeed Joko Widodo in October. The wealthy ex-general chose Beijing for his first official visit after his February election victory in a bid to emphasise the countries' robust ties amid rising tensions in the South China Sea. In his Monday meeting

Singapore plans to build a pool of nearly 100 nuclear energy experts

Singapore is planning to build a pool of approximately 100 nuclear energy experts in the medium to long run, though no decision has been made on the deployment of nuclear energy, and the city-state is unable to commit to a timeline for taking a position on it. This was stated in Parliament by the Second Minister for Trade and Industry Tan See Leng on Wednesday in response to a question posed by opposition Member of Parliament Gerald Giam. Giam from the Workers' Party had asked how many scientists were currently at the Singapore Nuclear Research and Safety Initiative, as well as the number of scholarships awarded each year to help build a pipeline of nuclear scientists and expertise. Giam also asked if the government is building up the necessary regulatory policy frameworks that will be needed to oversee potential nuclear energy programmes such as nuclear fission and nuclear fusion. In his response, Tan said the government supports efforts to train scientists and experts in local an