Page 25 - Singapore

India ranked second-largest market for Singapore tourism sector in 2022

India has been ranked the second-largest tourist market for Singapore in 2022 behind Indonesia, with 686,000 Indian arrivals, according to data provided by the country's tourism authority here on Tuesday. Tourists from Indonesia, India and Australia were among the top spenders in the first nine months of 2022 with a spending of 8.96 billion Singapore dollars (SGD), Singapore Tourism Board (STB) said. India was the second-largest tourist market for Singapore in 2022 with 686,000 Indian visitors. Indonesia was the largest tourist market with 1.1 million arrivals from the country. Malaysia with 591,000 tourists was in third place. Singapore's tourism receipts are estimated to reach SGD 13.8 billion to SGD 14.3 billion for 2022 - about 50 to 52 per cent of 2019 levels, said the STB. Final figures for tourism receipts will be available in the second quarter of 2023. The STB said the number of tourist visitors to Singapore reached 6.3 million in 2022, exceeding its forecast of between

After Singapore, Twitter likely to vacate India offices in Mumbai, Delhi

The process for vacating offices was initiated in December last year, according to reports citing sources

Flipkart Internet gets $90 million cash infusion from Singapore parent

The cash infusion is expected to help Flipkart in competing with US-based Amazon for leadership in the Indian e-marketplace

UPI, Singapore's PayNow integration anytime soon: Official at G20 meet

The Monetary Authority of Singapore on Monday said integration of India's Unified Payment Interface (UPI) and equivalent network in Singapore, known as PayNow, will begin anytime soon, which in turn will reduce the remittance cost by 10 per cent. There will be interoperability of the two digital payment networks, allowing seamless remittances between the two countries at a highly competitive rate. "Integration of UPI and Singapore's PayNow with India is ready and waiting for launch," Singapore central bank's chief fintech officer Sopnendu Mohanty said at the G20 meeting on financial inclusion at Kolkata. "As of now, remittance to India is at least 1 billion Singapore Dollars and India to Singapore will be 200-300 million Singapore Dollars," Mohanty said. Pramod Verma, chief architect of Aadhaar & India Stack said similar interoperability will also happen with Dubai and a few other countries soon. He said this integration will also help Indian tourists pay in Singapore using ...

Madras HC upholds Singapore arbitration award against Shriram Group firm

Court permits enforcement of award of about Rs 195 crore plus interest

Singapore's retail sales grew 6.2% year-on-year in November 2022

DOS of Singapore announced that the country's retail sales grew by 6.2 per cent year on year in November 2022, following the about 10.3 per cent year-on-year increase recorded in the previous month

Paid most of $1 bn tax for PhonePe shifting base to India, confirms Walmart

The company said last month it had completed the separation of PhonePe from Flipkart, adding that it would remain a majority stakeholder in both the companies

Singapore's GDP growth slows down to 3.8% in 2022 compared to 7.6% in 2021

In a breakdown, Singapore's manufacturing sector shrank by 3% year on year in the fourth quarter of 2022 and expanded by 2.6% in the whole year

Indians help Singapore cross 6 mn visitors mark, record best tourism year

Singapore is set to report its best year for tourism since the Covid-19 pandemic shut the travel sector down with help from visitors from Indonesia, India, Malaysia and Australia

Singapore registers 1,017 fresh Covid-19 cases; zero casualties so far

Singapore has reported 1,017 new cases of Covid-19, bringing the total tally to 2,195,980

RT-PCR to be mandatory for passengers from 5 countries, says Mandaviya

Union Health Minister Mansukh Mandaviya on Saturday said RT-PCR test for the detection of COVID-19 would be made mandatory for passengers from China, Japan, South Korea, Singapore and Thailand for their travel to India. Any passenger from these countries found symptomatic or testing positive for coronavirus would be quarantined, he said. "Passengers from China, Japan, Singapore and Bangkok (Thailand) are being monitored through the 'Air Suvidha' portal," Mandaviya told reporters. In view of the pandemic situation, passengers of flights from China, Japan, South Korea, Singapore and Bangkok are required to upload their RT-PCR report in advance. Even after landing in India, they will undergo thermal screening, he said. "We have issued an order for them to be quarantined in the country if found positive or with fever," the minister said. With China and other countries witnessing a surge in Covid cases, Prime Minister Narendra Modi on Thursday cautioned against complacency, called for

PDG plans to expand to other cities; invest about $300 mn on each location

Singapore-based Princeton Digital Group (PDG), which recently opened a data centre in Navi Mumbai with an investment of USD 300 million, is exploring opportunities to expand its footprints to other Indian cities. Last week, PDG unveiled a data centre in Navi Mumbai with 48 MW capacity in two buildings spread over a 6-acre. India's current operating capacity of data centres is over 650 megawatt. "India is a key market for us, and with our Navi Mumbai data centre becoming operational, we are exploring to expand to (other) cities, including Bangalore, Chennai, Delhi, Hyderabad and Pune. Each of these data centres will be of 48 MW capacity with over USD 300 million investment," PDG Managing Director, India, Vipin Shirsat told PTI, without disclosing the timeline. The company is investing in a renewable energy plant in Maharashtra, which will fulfil 40 per cent power requirements of the data centre with minimal water consumption. "An additional 200 KW of the solar power plant will be .

UP business delegation garners Rs 20,000 crore investments from Singapore

Singapore investors have committed nearly Rs 20,000 crores of investment in Uttar Pradesh in areas such as data centres, logistics services and education following a business promotion delegation visit to the city-state. The investments were committed following a four-day presentation here, which concluded on Monday, by the UP Global Investment Summit (UPGIS) delegation led by State Minister of Jal Shakti and Flood Control Swatantra Dev Singh. Singapore is a partner country in UPGIS to be held from February 10-12, 2023 in Lucknow. Singh and his delegation members held a series of meetings and discussed prospects and collaboration opportunities in their state with Singapore's Minister of Trade and Industry Gan Kim Yong and Minister for Sustainability and the Environment Grace Fu Hai Yien. It was a very successful trip. The G2G (government to government) engagement was very warm and fruitful, Deepak Kumar, Principal Secretary, Basic Education Department of Uttar Pradesh, told PTI. T

Singapore airport reconnects with South Asian cities, adds Pune to network

Singapore's Changi Airport has re-established its link to all South Asian cities to the pre-pandemic level and added Pune to its network, reporting a strong rebound in passenger traffic, according to a media report on Sunday. Up to 150,000 passengers are passing through Changi Airport daily, with about a million each week, or about 75 per cent of the average weekly passenger pre-pandemic, The Straits Times newspaper quoted Transport Minister S Iswaran. The airport is said to see a strong rebound in passenger traffic as the number of passengers and flight movements steadily climbed over the months. Australia, India, Indonesia, Malaysia, and Thailand were the top traffic markets in the first 10 months when the airport handled 23.6 million passengers, representing 42 per cent of its pre-Covid-19 traffic, The Straits Times reported. The strongest passenger traffic recovery came from North America, South Asia, and Europe. Despite the uptick, the airport is well-equipped to handle the .

Singapore to see new wave of Covid-19 infections: Health Minister

Singaporeans should expect a new wave of Covid-19 infections with more people travelling and due to the upcoming year-end festivities, Health Minister Ong Ye Kung said

TN professor loses Rs 23 lakh in online scam promising job in Singapore

A Tiruchy-based professor, who was unemployed after returning from Saudi Arabia during Covid-19, lost Rs 23.5 lakh to an online scam

New York, Singapore most expensive cities to live in, finds global survey

Tel Aviv, which topped the rankings last year, was bumped into third position, while Hong Kong and Los Angeles rounded out the top five priciest places

Chennai-based Manali Petrochemicals acquires UK-based Penn Globe

Penn Globe is a market leader in foam control agents and chemical products

Singapore passes laws to decriminalise gay sex; definition of marriage same

Singapore will decriminalise gay sex but protect the definition of marriage against legal challenge after Parliament on Tuesday approved changes to two bills. A repeal of the colonial-era Section 377A of the Penal Code was passed with a majority of 93 to three votes in parliament, reported Channel News Asia. A constitutional amendment to protect the definition of marriage against legal challenge was passed with a majority of 85 to two votes, according to the report. Law and Home Affairs Minister K Shanmugam reiterated that the constitutional change would protect the heterosexual definition of marriage along with laws and policies based on that. Social and Family Development Minister Masagos Zulkifli stressed that there were no plans to change the definition of marriage to include same-sex marriages, adding that it would be against the law for religious leaders or any licensed solemniser to solemnise a same-sex couple. One can still preach on the pulpit their beliefs about ...

Can India's new finance hub in Gujarat become the next Singapore or Dubai?

Gujarat International Finance ­Tec-­City, more commonly known as GIFT City, occupies 886 acres between Gujarat's capital, Gandhinagar, and Ahmedabad, its biggest city