Page 17 - Singapore

Jaishankar urges Singapore's biz community to invest in India's chip sector

External Affairs Minister S Jaishankar on Saturday briefed Singapore's business community about the strides taken by India in the field of manufacture of semiconductors and appealed to them to invest in this key sector in the country. Jaishankar spoke about how machines for the manufacture of semiconductors have started coming (to India) and also how India is progressing towards establishing the first three plants for this multi-billion dollar industry. There is a degree of purpose and seriousness as well as investment going into manufacturing that has not been seen for a long time, the Minister told a 300-plus audience, mostly Singapore-based members of the business community. He was answering questions at the Institute of South Asian Studies (ISAS) of the National University of Singapore (NUS) after a lecture on his book Why Bharat Matters.' A very productive interaction with leading Singaporean Corporate figures. ... Appreciate their positive feedback on the India growth story,

Jaishankar begins Singapore visit by paying homage to Bose, INA soldiers

External Affairs Minister S Jaishankar began his three-day visit to Singapore by paying homage to Netaji Subhash Chandra Bose and the Indian National Army soldiers at a war memorial here on Saturday. "Began my Singapore visit by paying homage to Netaji and the brave Indian National Army soldiers. The INA Marker in Singapore recognises their deep patriotism and indomitable spirit that remain an inspiration for generations to come," the minister posted on X. Jaishankar during his visit will meet the top leaders of Singapore, including Prime Minister Lee Hsien Loong, according to an official statement. Jaishankar's visit underscores the close friendship between Singapore and India and will be a good opportunity for both sides to exchange views on regional and global developments as well as to continue discussions on the good progress in bilateral cooperation, Singapore's Ministry of Foreign Affairs said in a statement. "India's EAM Dr S Jaishankar will call on Prime Minister Lee Hsien

Jaishankar to visit Singapore from March 23-25; to meet PM Lee Hsien Loong

External Affairs Minister S Jaishankar will be on a three-day visit to Singapore from Saturday, during which he will meet the top leaders of the country, including Prime Minister Lee Hsien Loong, according to an official statement. Jaishankar's visit underscores the close friendship between Singapore and India and will be a good opportunity for both sides to exchange views on regional and global developments as well as to continue discussions on the good progress in bilateral cooperation, Singapore's Ministry of Foreign Affairs said in a statement. "India's EAM Dr S Jaishankar will call on Prime Minister Lee Hsien Loong, Deputy Prime Minister and Minister for Finance Lawrence Wong, and Senior Minister and Coordinating Minister for National Security Teo Chee Hean during his visit to Singapore," the statement said. He will also meet his counterpart Minister for Foreign Affairs Dr Vivian Balakrishnan, Minister for Trade and Industry Gan Kim Yong, and Minister for Home Affairs and Law .

Singapore GIC's domestic equity holdings rises 32% to Rs 2.14 trn in a year

According to NSDL data, SWFs account for about 7 per cent of the overall foreign portfolio investor-assets under custody (FPI-AUC)

Singapore expects over 1.5 million tourists from India in 2024: STB

Expecting over 1.5 million Indian tourists this year, Singapore is focusing on increasing its hospitality infrastructure such as hotel rooms, and working on seamless and easy visas for them, a senior tourism official said on Wednesday. Before the pandemic-induced lockdown, Singapore had received 1.4 million tourists from India in 2019, which then recovered to 1.1 million in 2023. In 2024, the Singapore Tourism Board (STB) expects the number to go past the 2019 strength even as it acknowledged the potential of getting over 1.5 million visitors though it has not set any target given the huge tourism potential of the Indian market. With three offices in Mumbai, Delhi and Chennai, the STB is working on getting seamless and easy visas for Indian tourists, Poh Chi Chuan, executive director of Exhibition & Conference at the Singapore Tourism Board (STB) told PTI. The island state is building infrastructure for tourists and business travellers, such as 9,000 new hotel rooms that are being

EAM S Jaishankar to pay 5-day visit to Singapore, Philippines, Malaysia

External Affairs Minister S Jaishankar will pay a five-day visit to Singapore, the Philippines and Malaysia beginning March 23 with an aim to boost bilateral ties and discuss regional issues of "mutual concern". Jaishankar's first destination is expected to be Singapore. "External Affairs Minister S Jaishankar, at the invitation of his counterparts, will be on an official visit to Singapore, Philippines and Malaysia from March 23 to 27," the Ministry of External Affairs (MEA) said in a brief statement on Saturday. "The visit will focus on enhancing bilateral relations with the three countries, and would provide an opportunity for engagement on regional issues of mutual concern," it said. The overall situation in the strategic waters, including the South China Sea and Red Sea, are likely to figure in Jaishankar's talks with his counterparts in the three countries. There have been growing global concerns over China's sweeping claims of sovereignty over all of the South China Sea, a

India-Singapore lock key MoU on law, dispute resolution to boost ties

The MoU will boost cooperation between India and Singapore on a range of fields, including international commercial dispute resolution

UBS starts job cuts at HK, Singapore wealth units after profit slump

Wealth generation in China has stalled as the nation's economy struggles to regain momentum amid a property crisis and a selloff in equities

Will bring more investments from Singapore into India: Envoy Shilpak Ambule

The Indian High Commission here is working to get more and more investments into India's burgeoning economy led by aggressive progress being made in infrastructure, renewable energy and advanced technology space, envoy Shilpak Ambule has said. The High Commissioner listed three factors driving the growth saying for India, it will be a green growth with the development of renewable energy, while digital infrastructure has been put in place for smoother flow of economic activities and thirdly it will be sustainable growth. "We are very much committed to getting more investments from Singapore into India which is a growth story," the High Commissioner said at the '2024 Budget Analysis Singapore and India' event here on Tuesday evening. He also highlighted the wide range of economic activities driving the India growth story like continuing efforts on skilling youths, development of advanced technologies like semiconductors and efforts towards the growth of rural economy and empowering

'Singapore will do everything to extend help to those affected in Gaza'

Singapore's Home Affairs and Law Minister K Shanmugam said on Saturday that his country would do whatever best possible to extend help to those affected in Gaza amidst the ongoing Israel-Hamas war. Speaking at Soka Kindergarten in Tampines on the east coast of the prosperous city-state, where volunteers had gathered to pack supplies for children in Gaza, Shanmugam said that the continued efforts to those affected in Gaza showed who exactly Singapore is as a society, the Channel News Asia reported. "The continued efforts to raise funds and send aid to Gaza are a demonstration of who we are as a society, coming together across different religious groups to try and help," said Shanmugam. Interfaith non-profit group Humanity Matters organised the event, ahead of a possible ceasefire in Gaza. The group aimed to assemble 5,000 comfort packs, each comprising a backpack, an inflatable pillow, vitamin gummies, snack treats, a water bottle, a stress ball and a stuffed toy, according to the .

DBS CEO Piyush Gupta's total pay declined 27% to $8.3 million in 2023

In 2022, Gupta received a salary of SGD 15.4 million

Air India, Vistara merger receives Singapore's conditional approval

Singapore's flagship carrier announced its plan to merge Vistara and Air India in November 2022, in a bid to create a dominant full-service airline in the domestic and international markets

Singapore PM defends exclusive deal with Taylor Swift that irked neighbours

Singapore's Prime Minister Lee Hsien Loong on Tuesday defended an exclusive deal his city-state struck with Taylor Swift that prevents the pop star taking her current Eras Tour to anywhere else in Southeast Asia. Swift is performing six concerts from March 2 to 9 in Singapore under an exclusive deal that has been criticised by some Southeast Asian neighbours who complain they have been deprived of the tourist boom that her concerts have brought elsewhere. Lee confirmed that Swift was provided with certain incentives from a government fund established to rebuild tourism industry after COVID-19 disruptions to make Singapore her only Southeast Asian destination. He did not say how much the deal cost. He said he did not regard the deal as unfriendly toward his neighbours in the 10-country Association of Southeast Asian Nations. It has turned out to be a very successful arrangement. I don't see that as being unfriendly, Lee said in the Australian city of Melbourne where he is attending

PC, laptop imports from China surged by 11.3% to $276 million in December

In December, China's share increased to 89.4 per cent in total shipments of the items to India compared to 76.4 per cent share during April-December period of FY24

Adani holds Singapore meeting for first dollar bond since Hindenburg crisis

An executive arrived at an office tower overlooking the city state's Marina Bay in a black van on Wednesday, the first stop on a tour of international financial hubs to win over buyers

TVS Motor buys Killwatt shares worth Rs 35 cr to hike stake to 49%

TVS Motor Company on Monday said its Singapore-based arm has increased stake in the Germany-based electric mobility products and components start-up Killwatt GmbH to 49 per cent with the acquisition of an additional 8,000 equity shares for 4 million euros (over Rs 35 crore). TVS Motor (Singapore) Pte Ltd has agreed to acquire a further 8,000 equity shares in Killwatt GmbH following which its shareholding will increase from 39.28 per cent to 49 per cent by way of newly issued shares of the latter, TVS Motor Co said in a regulatory filing. The total consideration for the acquisition of 8,000 equity shares in Killwatt GmbH is 4 million euros, whereby 2 million euros will be paid on or before March 4, and the remaining 2 million euros will be paid at a later date, subject to the completion of a specific pre-agreed milestone by Killwatt GmbH, it added. Killwatt is a privately held firm engaged in businesses comprising development, design, manufacture, sale and distribution of products an

Singapore to impose green fuel levy on flights, passengers to bear costs

Under the European model, the carrier pays for the blended fuel and decides whether the cost will be passed on to passengers in ticket prices

S'pore police repeats call for not allowing Israel-Hamas-related protests

The Singapore Police Force has reiterated its stance on not allowing events related to the Israel-Hamas war to be held, amid online calls for a weekend march at the Singapore Botanic Gardens, a sprawling park in the diplomatic conclave close to the British and the US embassies. Police said on Thursday that they are aware of calls on social media to gather for an event called Walk-Out Singapore' to demonstrate views related to the Israel-Hamas conflict". The SPF said that they contacted the organiser on Thursday and advised her on the matter. "A police permit is required for such activities," Channel News Asia reported, citing the SPF. Police said organising or participating in such an event is an offence. Earlier this week, the authorities also said that they were aware of calls to protest against Israel at the Singapore Airshow and have warned that organising or participating in a public assembly or procession without a permit is illegal. The Israeli defence contingent is ...

Changi Airport looks at Jaipur-Lucknow as passenger generating destination

Singapore's Changi Airport Group (CAG) is looking at new destinations such as Jaipur and Lucknow for generating passenger traffic out of India, one of the bright spots for the city state's airport, according to a media report. Lim Ching Kiat, executive vice-president for air hub and cargo development at CAG, said that Changi Airport Group will work with airlines to add more capacity on high-demand routes by increasing frequencies or getting carriers to use bigger planes, The Straits Times reported. We are looking at new destinations like Jaipur and Lucknow. We think there's demand there, said Lim in an interview to the Straits Times. Lim has described India as another bright spot, as passenger traffic and connectivity have already exceeded pre-pandemic levels. Lim said that CAG will work with airlines to add more capacity on high-demand routes by increasing frequencies or getting carriers to use bigger planes. For example, South Korea continues to draw healthy demand for inbound a

The Singapore banker who tried to be Gandalf is now running out of time

Trouble is, after more than 14 years leading DBS, the wizard of Asian banking is running out of time: Succession is on the horizon