Page 19 - Singapore

Rahul Gandhi to visit Singapore, Malaysia and Vietnam from December 9

According to the sources, Rahul Gandhi will meet the Indian diaspora in Singapore and Malaysia while in Indonesia he will be meeting the diplomats

Rajnath Singh pays brief visit to Singapore on his way back from Indonesia

Defence Minister Rajnath Singh paid a brief visit to Singapore on Saturday on his way back from Indonesia. In Singapore, Singh paid tributes to Netaji Subhas Chandra Bose by laying a wreath at the Indian National Army (INA) marker, the defence ministry said. The defence minister paid a two-day visit to Indonesian capital Jakarta to attend a meeting of the 10-nation ASEAN (Association of Southeast Asian Nations) and some of its dialogue partners. "After completing his tour to Indonesia, Defence Minister Rajnath Singh, on his way back home, paid a brief visit to Singapore on November 18," the ministry said. It said the construction of a monument to commemorate the "Unknown Warriors" of the Indian National Army (INA) was proposed by Netaji himself and he had laid the foundation stone in July 1945. "Paid homage at the INA Memorial marker in Singapore. My heartfelt tributes to the 'Unknown Warriors' of the INA," Singh posted on X. In 1995, the National Heritage Board of Singapore erec

SBI to soon launch Yono Global app in Singapore and US, says official

State Bank of India (SBI) will soon launch its banking mobile app Yono Global' in Singapore and the US, offering digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said. We are continuing to invest in Yono Global to offer the best services available as we want to give superior experience to our customers, Krishnan told PTI at the three-day Singapore Fintech Festival (SFF), which ends on November 17. Krishnan held talks with Singapore-based digital platform enablers as well as the local regulator and central bank, the Monetary Authority of Singapore (MAS). We are constantly working on the remittance story between India and Singapore, given the large number of Indian diaspora in the city state. Currently, SBI offers Yono Global services in 9 countries, starting with the UK operations in September 2019. SBI's foreign operations have a total balance sheet size of USD 78 billion. In Singapore, SBI is integrating its Yono Global app with PayNow a

Singapore's CapitaLand secures $155 mn loan for data center in India

"Securing this onshore loan in India would diversify our funding sources and help us to optimise our funding costs," said Sanjeev Dasgupta, CEO of CLINT

Tanishq opens jewellery boutique in Singapore, plans 50 stores globally

Tanishq, a jewellery brand from the Tata Group, plans to have 50 boutiques globally over the long term, said Kuruvilla Markose, the CEO of Titan Company which manages the brand business, as it opened a boutique here on Saturday. Currently, Titan has 13 boutiques in the international market and is constantly scouting for new sites to serve some 32 million global Indian diasporas, he said. Long-term plan is to have 50 boutiques globally, and the company is planning such retail outlets in the United Kingdom, Australia and Malaysia, Markose said at the inauguration of the brand's first boutique in Singapore. Indian High Commissioner to Singapore Dr. Shilpak Ambule inaugurated the boutique in Singapore's Little India precinct, welcoming one of the renowned brands which will be entering the South East Asian markets through the city-state. As a true Tata brand, it lives the values of giving back, by protecting and promoting the ageless craftsmanship of Indian jewellery making, said K V Ra

Singapore may review past takeovers on grounds of national security

Under the new law, where an entity has acted against Singapore's national security interests, any change in ownership or control of the entity within 2-yrs prior to the act may be reviewed

6 Indian banks win UK HC challenge over unpaid loans by Singapore's GVK

Six Indian banks pursuing unpaid loans amounting to an estimated USD 2 billion, including interest accrued, from GVK Coal Developers (Singapore) Pte Ltd and associated companies have won their legal challenge in the London High Court. Judge Dame Clare Moulder presided over the trial last month at the Commercial Court division to hear the case brought by the Bank of Baroda and others and in an approved judgment dated October 19 concluded the banks made out their case to the requisite standard. The banks were represented by international law firm Reed Smith, who instructed barrister Karishma Vora of 39 Essex Chambers London to argue the matter. We are delighted to have secured such a resounding and landmark victory for our Indian banking clients in a matter of such commercial significance, said Vora and Reed Smith's Gautam Bhattacharyya in a joint statement. It is an honour to be representing a syndicate of Indian banks that are synonymous with credibility and faith for the people of

Indian tourist arrivals in Singapore up by 15.5% during Jan-Sept 2023

India is one of the fastest growing markets for tourist arrivals in Singapore post-pandemic, says Mark Shaw, Chairman of Orchard Road Business Association. In fact, we saw a huge surge of Indian tourists to the Republic this year, Shaw told PTI. Indian travellers come to Singapore to enjoy the country's many new attractions but we think they also find affinity in our Indian culture and heritage and feel at home here. Government data shows Indian visitor arrivals up 15.5 per cent to 792,935 for the first nine months of this year compared to the same period last year. Shaw said according to an industry survey Indian travellers are among the highest spenders globally. We are confident that members of Orchard Road Business Association will be able to delight them with a wide range of interesting and innovative product and service offerings, said Shaw, citing the upcoming festival season in the city-state, with Deepavali on November 12 and then from November 16 the Christmas light-up a

Generative AI can help lawyers, but law requires human mind: K Shanmugam

Over the years, Singapore and India have seen more collaboration on ADR and we are on the right path, said Shanmugam

Jaishankar discusses ways to deepen strategic partnership with Singapore

External Affairs Minister S Jaishankar has called on Singapore's newly-elected President Tharman Shanmugaratnam and met his counterpart and other senior ministers to discuss ways to further deepen the strategic partnership between India and Singapore. Jaishankar visited the city-state from October 18-21 and had several bilateral engagements with the leadership and senior ministers of the Singapore Cabinet, the Ministry of External Affairs said in a press release on Saturday. "The EAM called on H.E. Mr Tharman Shanmugaratnam, President of Singapore and congratulated him on his recent election victory," the statement said. The statement said the visit presented an opportunity to further deepen the strategic partnership between India and Singapore. Jaishankar also paid a call on Lawrence Wong, Deputy Prime Minister and Minister for Finance and exchanged views on deepening engagement in the identified pillars of bilateral cooperation in areas like fintech, digitalisation, green economy

Jaishankar, Singapore's minister discuss global landscape, challenges

External Affairs Minister S Jaishankar on Friday held a meeting with Singapore's Senior Minister Teo Chee Hean and discussed the "global landscape and its challenges".Jaishankar posted on X, "Great to see Senior Minister Teo Chee Hean. Enjoyed our discussion on the current global landscape and its challenges."Teo Chee Hean is the Senior Minister and Coordinating Minister for National Security.He currently oversees the Smart Nation and Digital Government Group, National Security Coordination Secretariat, National Population and Talent Division, and National Climate Change Secretariat under the Prime Minister's Office.India and Singapore enjoy a historical relationship that was elevated to a Strategic Partnership in 2015. In 2023, both sides had several Ministerial interactions on the sidelines of the G20 held under India's Presidency, for which Singapore was invited as a guest country, according to a Ministry of External Affairs (MEA) press release.Jaishankar is on an official visit to

Jaishankar discusses domains on cooperation with Singapore's trade minister

External Affairs Minister S Jaishankar on Friday met Singapore's Trade and Industry Minister Gan Kim Yong and discussed with him new domains of bilateral cooperation with long-term implications. Jaishankar, who is here on the second leg of his two-nation visit to Southeast Asia, will also meet Singapore's newly-elected President Tharman Shanmugaratnam and other senior leaders and review bilateral cooperation and explore opportunities for further collaboration. "Nice to meet Trade & Industry Minister Gan Kim Yong today (Friday) morning. Our discussions centered around new domains of cooperation with long-term implications," Jaishankar posted on X. He said he was looking forward to developing these ideas at the India-Singapore Ministerial Roundtable (ISMR). On Thursday, Jaishankar held talks with Singapore Defence Minister Ng Eng Hen and also chaired the regional conference of India's ASEAN and East Asia Ambassadors here. "Good to meet my friend Defence Minister @Ng_Eng_Hen today. .

EAM Jaishankar to meet top Singaporean leaders to strengthen bilateral ties

External Affairs Minister S Jaishankar will meet Singapore's newly-elected President Tharman Shanmugaratnam and other senior leaders and review bilateral cooperation and explore opportunities for further collaboration, the foreign ministry said here. Jaishankar will visit Singapore from October 19 to 21, the ministry said in a statement. Jaishankar's visit reaffirms the close and longstanding ties between Singapore and India, which are built on a strong foundation of strategic trust, the Singapore Foreign Ministry said in a statement on Wednesday. During the visit, Jaishankar will call on President Shanmugaratnam, Deputy Prime Minister and Minister for Finance Lawrence Wong, and Senior Minister and Coordinating Minister for National Security Teo Chee Hean. Tharman assumed office as Singapore's president on September 14. Jaishankar will also meet Minister for Defence Ng Eng Hen, Minister for Foreign Affairs Dr Vivian Balakrishnan, Minister for Home Affairs and Law K Shanmugam and ..

Bengaluru-bound IndiGo flight returns to Singapore due to 'baggage error'

An IndiGo flight en route to Bengaluru returned to Singapore after take-off on Tuesday morning as the airline had forgotten to offload the baggage of passengers of an earlier flight. "We acknowledge the baggage error on the part of our service partner at Singapore airport with respect to flight 6E 1006 operating from Singapore to Bengaluru, due to which the flight returned to origin. The passengers were kept informed of the delay and served refreshments," the airline said in a statement. Some social media users complained about the incident. Tagging IndiGo, a user on X said, "Congratulations on achieving the impossible... Singapore Bengaluru flight at 5 40 am made to turn back coz you guys forgot to offload luggage from incoming flight". Another X user said there was mismanagement at Singapore airport. "@IndiGo6E horrible mismanagement at Singapore airport!6E1006 was in the air for 1.5 hours, from SIN to BLR, landed back in Singapore bec you all mixed up baggages of various ...

Singapore's financial regulator to inspect Credit Suisse in $2 bn scandal

The local unit of Credit Suisse will be among banks the Monetary Authority of Singapore plans to examine to determine whether they properly handled the monitoring of wealthy clients

EAM Jaishankar to embark on 6-day visit to Vietnam, Singapore

External Affairs Minister S Jaishankar will embark on a six-day visit to Vietnam and Singapore from Sunday to shore up bilateral cooperation in diverse areas. In the first leg of his visit, Jaishankar will visit Vietnam from October 15 to 18 to discuss ways to review the progress in several areas and discuss ways to further enhance cooperation, the Ministry of External Affairs (MEA) said on Saturday. Jaishankar's visit to the strategically-located Southeast Asian country comes less than three months after India gifted missile corvette INS Kirpan to the Vietnamese armed forces, in reflection of the growing bilateral strategic partnership amid common concerns over China's increasingly aggressive behaviour in the South China Sea. It was for the first time that India handed over a fully-operational corvette to any friendly foreign country. "India and Vietnam share a robust comprehensive strategic partnership. Vietnam is a key member of our Act East Policy. The external affairs minister

Death of Indian-origin athlete in Singapore: Coach failed to check health

An investigation into the death of a 14-year-old Indian-origin student-athlete at the Singapore Sports School, has revealed there was a safety lapse as his badminton coach failed to check on his well-being before leaving the track. The coach has been served a notice of dismissal, according to a Channel News Asia report on Saturday. Pranav Madhaik, who was part of the school's badminton academy and had aspired to be an Olympic champion, felt unwell following a 400-metre fitness time trial on October 5. Pranav was taken to the National University Hospital and he died on Wednesday (October 11). In a press release on Saturday, the Singapore Sports School laid out the timeline of events leading to the boy's death and the findings of the investigation. After completing his time trial session on October 5 at about 6:26 p.m., Pranav reported to the badminton coach that he felt unwell. Time trials and conditioning sessions are a regular part of student-athletes' training plans, according

Indian banks pursue unpaid loans by Singapore's GVK in British court

A trial involving six Indian banks pursuing unpaid loans amounting to an estimated USD 2 billion, including interest accrued, from GVK Coal Developers (Singapore) Pte Ltd and associated companies opened in the High Court here on Tuesday. Judge Dame Clare Moulder presided over the hearing at the Commercial Court division to hear the case brought by Bank of Baroda (acting by its Ras Al Khaimah branch), Bank of India (London branch), Canara Bank (London branch), ICICI Bank Ltd (acting by its Bahrain, Dubai and Off-Shore Banking branches), Indian Overseas Bank (Corporate Branch, India) and Axis Bank Ltd. The case dates back to 2011 and 2014, when loan facilities were made available to the company, which the banks say are long overdue other than USD 83 million from the proceeds of the sale of a Bengaluru airport and certain amounts not in dispute. According to court documents, the banks have been pursuing the case at the High Court in London since 2020. GVK's legal representatives had .

Singapore's policies present blueprint to address 'population ageing' issue

Ageing Singapore offers a blueprint for action

PM Modi pays tribute to former Singapore PM Yew on 100th birth anniversary

Yew was Singapore's prime minister from 1959 to 1990 and during his rule, Singapore became the most-prosperous country in Southeast Asia