Singapore


Covid jab maker to boost supplies with new Singapore factory 

Covid jab maker to boost supplies with new Singapore factory 

Covid vaccine maker BioNTech is to build a new factory in Singapore as it chases a target of producing more than 3 billion doses by next year.The German firm revealed its plan on Monday announcing construction will start this year on a site in the South-east Asian state where it …

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Singapore and Thailand boost online payment links

Singapore and Thailand boost online payment links

(ATF) The central banks of Thailand and Singapore have linked their respective PromptPay and PayNow real-time retail payment systems, a timely digital connection given that direct travel between the two countries is unlikely to resume in the near future.Describing it as the first of its kind globally, Bank of Thailand …

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Singapore’s DBS buys stake in China Greater Bay bank SZRCB 

Singapore’s DBS buys stake in China Greater Bay bank SZRCB 

Singapore’s DBS Group has agreed to buy a 13% stake – and become the largest shareholder – in the privately-owned Shenzhen Rural Commercial Bank Corp (SZRCB) for 5.29 billion yuan ($814.3 million).DBS said that it had received approvals from China's banking and insurance regulator and Singapore's central bank for the …

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Grab Holdings confirms $40 billion SPAC record

Grab Holdings confirms $40 billion Spac record

(ATF) Singapore's Grab Holdings confirmed on Tuesday April 13 that it intends to go public in the US in the biggest special purpose acquisition company (SPAC) deal yet, in a merger with Altimeter Growth at an almost $40 billion value that is also expected to be the largest-ever US equity …

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Singapore heads for arbitration dominance over Hong Kong

Singapore cements arbitration venue dominance over Hong Kong

(ATF) Singapore has outpaced Hong Kong as a venue for arbitration in a further blow to the Chinese special administrative region's once-respected legal system.The Singapore International Arbitration Centre (SIAC) said a record 1,080 new cases had been filed in 2020, more than double the figure of the previous year, underscoring …

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Singapore aims for tighter rules than US to attract SPAC listings

Singapore aims for tighter rules than US to attract SPAC listings

(ATF) Singapore plans to impose more stringent rules than the US for so-called blank-cheque companies that seek a listing in the southeast Asian city state.On Wednesday, Singapore Exchange started a public consultation on a regulatory framework for listing special purpose acquisition companies (SPACs), which are shells that launch with the …

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Malaysia bites bullet and pays Singapore $76m over axed rail link 

Malaysia bites bullet and pays Singapore $76m over axed rail link

Singapore is to receive more than $76 million in compensation after neighbours Malaysia pulled the plug on a planned high-speed bullet train link between the nations.Malaysia has agreed to pay the money after years of stop-start negotiations on the doomed project, officials said on Monday.The 350-kilometre (217-mile) railway was expected …

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Big auto port planned in Chongqing for ASEAN trade

Big auto port planned in Chongqing for ASEAN trade

(ATF) Officials in Chongqing – a sprawling megacity of about 30 million on the Yangtze River in southwestern Sichuan – are planning major infrastructure projects, such as high-speed rail links and a large wharf at home.But businesses in the city are also planning developments in different parts of Southeast Asia, …

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Aussie oil refinery closures could play into Beijing's hands

Aussie oil refinery closures could play into Beijing's hands

(ATF) Natural resource-rich Australia, the world’s largest producer of liquefied natural gas (LNG) and the largest coal and uranium exporter, has found itself in yet another energy bind.The country has experienced natural gas pains due to it exporting the fuel, while leaving little for its domestic market. This prompted a …

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Singapore says 2020 was worst year for jobs in two decades

Singapore says 2020 was worst year for jobs in two decades

(ATF) Singapore last year recorded its sharpest employment contraction in more than 20 years, official figures showed.Overall employment, excluding foreign domestic workers, shrank by 166,600 in 2020, according to the labour ministry. Non-residents accounted for all of the employment decline, losing 181,500 positions.Singapore resident employment rebounded by 14,900 jobs to …

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