2023-10-19
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“Global Innovation Alliance” grows to 18 nodes to help Singapore companies internationalise

On October 11, 2023, Singapore companies have a new buddy in New York to help them find a footing in the American market. Deputy Prime Minister and Minister for Finance Lawrence Wong launched Enterprise Singapore’s (EnterpriseSG) new Global Innovation Alliance node, which aims to help local companies find the right mix of investors, business partners and market strategies to succeed in the US. This platform will not only support the expansion plans start-ups might have, but it is also critical for Singapore to continue to make a good living as the world enters a more turbulent phase, he said in […]
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2023-10-23
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Medical technology firm Leica Microsystems invests SGD 82 million in Singapore

Medical technology firm Leica Microsystems unveiled its new US$60 million (S$82.1 million) manufacturing and research and development facility here on October 17, 2023. The 20,600 sq m facility in Jurong will make surgical and industrial microscopes for export overseas, and is set to contribute 40 per cent of the Germany-headquartered company’s total revenue, as well as double its global production of surgical microscopes. The facility has 480 employees, but this will grow to more than 500 in the next six months, after hires are made for roles in R&D, product management and quality assurance. FOZL Group provides one-stop corporate services to […]
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2023-10-25
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The Singapore Agency for Science, Technology, and Research (A*STAR) launches a new Electric Vehicle (EV) Battery Testing and Disassembly Line

Singapore’s economy managed to add 4,400 new manufacturing jobs in the first six months of 2023, Deputy Prime Minister Heng Swee Keat said on October 18, 2023. Speaking at the opening ceremony of the Industrial Transformation Asia-Pacific (Itap) 2023 event held at the Singapore Expo, DPM Heng said that these additional jobs were the result of the “good progress” made since the previous edition of Itap in 2022. Back then, he had launched refreshed industry transformation maps for five sectors – electronics, precision engineering, energy and chemicals, aerospace, and logistics – to boost resilience and seize new market opportunities. Mr […]
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2023-10-30
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Singapore to set up a centralised gas agency to centralised gas procurement

On October 23, 2023, as Singapore is still expected to rely on natural gas for more than half of its power generation needs by 2035, further steps have to be taken to ensure that supply remains sufficient, reliable and competitively priced, said the Energy Market Authority (EMA). Speaking at the Singapore International Energy Week held at the Sands Expo and Convention Centre on Monday (October 23, 2023), Minister for Trade and Industry Gan Kim Yong said the Government will be centralising the procurement and supply of gas for the power sector, under a central gas company, by aggregating demand from […]
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2023-11-02
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Vehicle-to-grid (V2G) programme to be tested in November 2023

On October 25, 2023, Power from batteries in electric vehicles (EVs) could potentially be used to help the country’s electricity grid meet peak demand, under a pilot programme that will start in November. The vehicle-to-grid (V2G) programme, as it is called, was made possible through a grant awarded by the Energy Market Authority (EMA) and Singapore Institute of Technology (SIT) to a consortium led by transport operator Strides. The initiative, which will involve 15 commercial vans and 10 V2G-enabled EV chargers, will be tried out in Punggol and run for three years. FOZL Group provides one-stop corporate services to local and […]
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2023-11-07
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The Singapore Enterprise Development Agency collaborates with the Polytechnic to assist small and medium-sized enterprises in developing innovative solutions

On November 2, 2023, Small and medium-sized enterprises (SMEs) here will be able to tap polytechnics for expertise in developing robotics and automation solutions for urban environments, while food manufacturers can get help in seizing opportunities in emerging areas such as alternative proteins and sustainability. Enterprise Singapore (EnterpriseSG) will set up a Centre of Innovation (COI) for robotics and automation solutions in the built environment, while expanding an existing one for food manufacturing, said Trade and Industry Minister Gan Kim Yong. He announced these initiatives at the SME Tech Day 2023 event held at the Sands Expo and Convention Centre […]
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2023-11-08
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Singapore unveils the “Forward Singapore“ report, seven shifts for a shared future

On October 27, 2023, A road map towards a more equitable and thriving Singapore has been put forth by the fourth-generation (4G) leadership, fleshing out the moves the Republic will make in the coming years to stay cohesive amid a time of change. These include a greater helping hand for groups such as the less well-off, mid-career workers and seniors, through means such as additional financial support and improved infrastructure. And there will be more done to ensure that Singaporeans’ basic needs at every life stage will be met, such as in education, retirement, healthcare and housing. These moves come […]
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2023-11-14
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Singapore launches a “Refreshed Retail Industry Digital Plan” to help retailers deepen digital capabilities

Retail enterprises will get more help to go digital under a refreshed retail industry digital plan launched on Thursday (November 9, 2023). It will assist about 23,000 enterprises in the retail sector in protecting themselves against cyber attacks and safeguarding their customers’ personal data. This sort of protection is critical for a firm’s reputation and to fortify it against such attacks, said Minister of State for Trade and Industry Low Yen Ling, who launched the refreshed plan during a visit to furniture retailer Scanteak. The plan was jointly developed by Enterprise Singapore and the Infocomm Media Development Authority (IMDA), in […]
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2023-11-17
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Hilleman Laboratories officially opens a production vaccine facility in Singapore

A large-scale manufacturing facility that develops affordable vaccines in Singapore for common diseases, and can easily switch to production of new vaccines for the next pandemic, was officially opened on Thursday (November 9, 2023). The $27 million facility is part of a five-year $80 million investment by Hilleman Laboratories, which also includes a research and development (R&D) laboratory in Biopolis. The new 30,000 sq ft manufacturing facility in Depot Road, called Aces, focuses on early clinical development of vaccines during peacetime. “Hilleman Laboratories will be a crucial piece of the pandemic preparedness and resilience jigsaw,” said Health Minister Ong Ye […]
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