Page 7 - Singapore

Singapore PM Wong warns of trouble as US tariffs threaten global trade

Senior Minister Lee Hsien Loong, who stepped aside as prime minister in May after two decades in the job, followed with remarks of his own at a community event on Sunday

JNPA, DP World's NSICT settle 20-Year tariff dispute with Rs 705 cr deal

The dispute arose in 2005 when NSICT was disallowed to recover royalty payable to the port authority as a cost item of the rate of service

Southeast Asian nations rush to avert tariff pain by accomodating Trump

Vietnam, Cambodia and Indonesia signalled willingness to negotiate Trump's new reciprocal tariffs, while Singapore said it has no plans to retaliate against the US trade measures

Haldiram's attracts two more investors Alpha Wave, IHC after Temasek

This development comes weeks after Singapore-based investment firm Temasek acquired a 10 per cent stake in the company for approximately $1 billion

TVS Supply Chain Solutions names R Vaidhyanathan as its Global CFO

The integrated supply chain solutions provider said in a company statement that the current Global CFO, Raviprakash Bhagavathula, will take over as the Head of Strategic Initiatives

Singapore Sling! The city-state offers a mix of old and new effortlessly

Singapore is a seamless blend of modern urban sophistication with lush, accessible green spaces and rich cultural diversity. Visit Singapore if you are looking for a safe and secure country to travel

India, Singapore join hands for Green and Digital Shipping Corridor

India and Singapore on Tuesday signed a Letter of Intent (LoI) for Green and Digital Shipping Corridor (GDSC), with a focus on digitalisation and decarbonisation. The Singapore-India GDSC, when established, will enhance collaboration from both countries and help accelerate the development and uptake of zero or near-zero GHG emission technologies and the adoption of digital solutions, a joint release from Maritime and Port Authority of Singapore and Ministry of Ports, Shipping said. The minister of Ports, Shipping and Waterways Sarbananda Sonowal said his visit to Singapore with a high-level marine sector delegation will strengthen the long-standing relationship. Moreover, the "Comprehensive Strategic Partnership" will deepen and broaden cooperation between the two countries, he noted. Sonowal is on a three-day visit to Singapore and is attending the maritime week which is expected to see participation from 20,000 delegates and exhibitors from around the world. Under the LoI, both

Singapore's Temasek seeks CCI nod to acquire 10% stake in Haldiram

Temasek will acquire a stake in India's largest packed snack and sweets company and restaurant operator Haldiram Snacks Food through its arm Jongsong Investments Pte

Advanced economies overtake Gulf nations in share of remittances to India

Advanced economies such as the US, the UK, Singapore, Canada, and Australia together accounted for more than half of India's remittances in FY24, reflecting a shift in migration patterns

Indian-origin Singaporean jailed for defaulting on national service duty

A 28-year-old Singaporean of Indian origin, who defaulted on his mandatory national service (NS) obligations by staying in India even after the expiry of his permit, is to serve 14 weeks in jail after his appeal against his conviction and sentence was dismissed by a court here. A High Court panel on Wednesday rejected Naresh Kumar Nagesvaran's claim that he did not know he needed an exit permit to remain in India for his studies as his late mother had been handling all the correspondence with the Central Manpower Base (CMPB), an enlistment centre, until late 2018. The panel comprising Chief Justice Sundaresh Menon, Justice Tay Yong Kwang and Justice Vincent Hoong upheld the lower court's decision to sentence Nagesvaran to 14 weeks in jail. Nagesvaran, who was born in Singapore left for India with his mother and sister in 2004 when he was seven years old. The court was told that his Singaporean father had abandoned the family, reported The Straits Times newspaper. In 2009, when he .

India to explore green shipping and digital business with Singapore

India's green fuel and digital initiatives are set to enter the global trade through Singapore's marine and shipping industry, where over 55 million tonnes a year of bunker fuel is supplied to internationally operating vessels, making it one of the largest hubs. Trade sources said both India and Singapore are exploring the "Green Digital Shipping Corridor" that would link other international ports and marine industries, said observers on Wednesday. They said India's long-term preparation to export green fuel, green hydrogen and ammonia sits well with Singapore's strategic position to market the fuels to ships operating globally. India's Minister of Port, Shipping and Waterways Sarbananda Sonowal along with industry heavyweights is expected to visit the city state next week to set up a working programme with Singapore counterpart industries, according to the observers. Sonowal is focused on green shipping and digitisation of the ports to make India a global leader in the maritime ..

Indian injured in illegal boarding of tanker in S'pore Strait, discharged

A 29-year-old injured Indian national is in a stable condition and has been discharged from a Singapore hospital following an incident of illegal boarding by unknown suspects of a chemical tanker in the Singapore Strait, a media report said on Friday. Officers from Police Coast Guard (PCG) boarded the vessel on February 28 at 8.20 am and saw a crew member lying on the ship's main deck, bleeding from his right eye. Seeing that his injuries were serious, PCG Inspector Muhammad Rasidi Suriade told two of his officers to stay with the injured man, while the remaining four officers turned their attention to finding the suspects on board the ship. Someone was injured, and his life could have been on the line. We had to clear the main deck as fast as possible, so he could be evacuated quickly and receive medical help, The Straits Times quoted Inspector Rasidi as recalling the incident at the Brani Base of PCG on Wednesday. Rasidi recounted the unauthorised boarding incident that happened

Singapore immigration: Indian work permit holders can stay employed longer

Singapore recently announced updates that will lift employment caps, raise salary thresholds, and expand job opportunities across multiple sectors

Razorpay enters Singapore, its 2nd international foray after Malaysia

The expansion into Singapore comes on the back of the company's focus on the South East Asian market

Expect India to keep doing well irrespective of geopolitics: GIC execs

Lim and Sood say they are bullish on infrastructure, consumer, technology, and healthcare sectors, and see opportunities in Indian despite global uncertainties

US trade rules breached? Singapore detains three in Nvidia GPU crackdown

Singapore has arrested three for alleged fraud in re-exporting Nvidia GPUs to China's DeepSeek, raising US trade concerns over possible breaches of export restrictions

CapitaLand India Trust to invest Rs 1k cr in Maia Group's Bengaluru project

Singapore-based CapitaLand India Trust (CLINT) will provide around Rs 1,000 crore fund in a commercial project being developed by Maia Group in Bengaluru. In a statement on Friday, CLINT said it has "entered into a forward purchase agreement with Maia Estates Offices Pvt Ltd to acquire an office project at Nagawara, Outer Ring Road (ORR), Bengaluru". Maia Estates Offices is an affiliate of Bengaluru-based luxury residential developer Maia Group. Sitting on a land parcel of about 4.6 acres, the office complex is part of a mixed-used development with a total net leasable area of approximately 1.36 million sq ft. The mixed-use development is a flagship commercial project of Maia, comprising office and retail space with net leasable areas of 1.13 million sq ft and 0.22 million sq ft respectively. "As part of the forward purchase arrangement, CLINT will fully fund the development of the office project and receive interest on the funding at a rate which is higher than its borrowing cost

Singapore suspends national meal programme following food poisoning

Singapore on Thursday temporarily halted a two-day-old national preparedness initiative which involves ready-to-eat meals, following cases of food poisoning at the School of the Arts (SOTA) arising from the meals. In a joint statement, the Singapore Food Agency (SFA), together with the Ministry of Education (MOE), Agency for Integrated Care (AIC) and food caterer SATS, said it will pause the Food Resilience Preparedness Programme as a precautionary measure until investigations on the SOTA gastroenteritis cases are concluded. Channel News Asia first reported about the gastroenteritis cluster at SOTA on Wednesday, believed to be linked with food given at the campus. A total of 20 students developed symptoms such as diarrhoea, nausea and vomiting after consuming the meals. The ready-to-eat meals were originally intended to be distributed to over 100,000 students and teachers from more than 90 schools as part of this year's Food Resilience Preparedness Programme, an initiative led by ..

Singapore's PM Wong likely to ramp up spending going into election year

Wong, who is also finance minister, is expected to focus on bringing down living costs and boosting social aid when he delivers a budget speech later today

Airtel lands subsea cable in Chennai to connect India to Singapore, France

The 21,700 km SEA-ME-WE-6 cable brings 220 TBPs of data, to help hyperscalers