Page 7 - Singapore

CCI clears multi-layered deal involving TPG Growth, AINU and other firms

The Competition Commission of India (CCI) on Tuesday approved a multi-layered deal, involving global investment firm TPG's growth funds, South India-based healthcare services provider AINU and other entities. In a release, the regulator said it has cleared the combination involving Waverly Pte Ltd, TPG Growth V SF Markets Pte Ltd, TPG Growth III SF Pte Ltd, Asia Healthcare Holdings Pte Ltd, Rhea Healthcare Pvt Ltd, Asia Healthcare Advisory Holdings LLP and Asian Institute of Nephrology and Urology Pvt Ltd (AINU). Based in Singapore, Waverly is a wholly-owned subsidiary of Lathe Investment Pte Ltd, which is wholly owned by GIC (Ventures) Pte Ltd. Waverly is part of a group of investment holding companies managed by GIC Special Investments Pvt Ltd. AHH is a Singapore-incorporated company, primarily engaged in long-term investment holding activities. Also, through its direct/ indirect subsidiaries, the entity provides healthcare services in the areas of maternal, child, urology, ...

Singapore dissolves parliament, paving way for general elections

Singapore's parliament was dissolved Tuesday, paving the way for general elections in which the city-state's long-ruling People's Action Party will seek to strengthen its dominance under Prime Minister Lawrence Wong. The Elections Department is expected to set a date for the polls later in the afternoon. Victory is virtually assured for the PAP, which has led Singapore since its independence in 1965. But Wong, who was sworn in as Singapore's fourth leader in May last year, wants to clinch a stronger win after the PAP suffered a setback in 2020 polls over voters' rising discontent with the government. Wong succeeded Lee Hsien Loong, who stepped down after two decades at the helm. Lee's departure marked the end of a family dynasty started by his father, Lee Kuan Yew, Singapore's first leader who built the colonial trading outpost into one of the world's richest nations during 31 years in office. In the 2020 polls held during the COVID-19 pandemic, the PAP maintained its supermajority

Party to field Indian origin candidates in next Singapore election: PM Wong

The ruling People's Action Party (PAP) will certainly include members of the Indian community in the upcoming general election, Prime Minister Lawrence Wong said on Sunday, acknowledging the ethnic group's outsized contributions to the country in many areas, including in businesses, industries and public services. In the 2020 General Election, the PAP did not field any Indian candidates among its slate of 27 new faces, which had then sparked questions about the ethnic group's representation in Parliament. Speaking at a dialogue with youths from the Indian community, Wong said: You may be a small community, but, certainly, your contributions to Singapore and the impact that you have on Singapore are not small at all. In fact, I would say you already reflect that Singapore spirit. Your story is a story of Singapore small and yet punching above your weight, The Straits Times quoted Wong as saying. Indians in Singapore have made outsized contributions to the country in many areas, ...

Singapore's Changi reclaims world's best airport title from Doha's Hamad

Asian airports led the rankings at the Skytrax World Airport Awards 2025, with Tokyo's Haneda and Narita, and Seoul's Incheon rounding out the top five

S'pore forms task force to support businesses against impact of US tariffs

Singapore is setting up a national task force to support businesses and workers from sweeping US tariffs that could slow economic growth and affect jobs and wages, Prime Minister Lawrence Wong said in Parliament on Tuesday. The task force, chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, will include representatives from the city-state's economic agencies, the Singapore Business Federation, the Singapore National Employers Federation and the National Trades Union Congress. Describing the global situation as "fluid", PM Wong said in a ministerial statement in Parliament that the task force will help businesses and workers address immediate uncertainties, strengthen resilience and adapt to a new economic landscape. The tariffs are expected to dampen global growth in the near term, which will hit external demand for Singapore's export-reliant sectors, such as manufacturing and wholesale trade. The global uncertainty and dampened sentiment will also ..

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