Stories By: Nikkei Asian Review (126 Articles Found)

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Singapore to fund infrastructure with debt as COVID swells deficit

Singapore will issue up to $90 billion in bonds to finance big infrastructure projects, the government revealed in a budget presentation on Tues in a rare move for the wealthy city-state. The country is bracing for a record…

Micron taps Singapore as launch pad for NAND offensive

Micron Technology has put Asia at the centre of its strategy for the NAND flash memory market, leveraging Singapore’s generous government support as it looks to catch up with deep-pocketed rivals. Micron sits solidly near the top of…

Davos Singapore online prelude spotlights Asian clout, COVID doubts

WEF will trade snowy Swiss scenery for teleconference screens this week, as government and business leaders gather online to prepare for an in-person “Davos in Asia” summit in Singapore in May. Looming over the sessions, however, is the…

FedEx bulks up cold storage facilities for vaccines in Singapore

FedEx has beefed up its cold chain facilities in Singapore in response to growing demand in SEA for COVID-19 vaccines, which need to be stored at subzero temperatures. Transporting vaccines is one of the most important jobs in…

Reckless plan to move Davos 2021 to Singapore must be abandoned

Here is a sincere suggestion concerning the WEF’s plan to transport its annual jamboree of self-regard from Davos to Singapore: do not do it. Not in 2021. Not with the pandemic raging again, at least a couple of…

Singapore emerges as food tech hub, thanks to state support

The city-state of Singapore is evolving into the food tech capital of Asia, thanks to government support at every step. Startups from around the world have set up shop here to take advantage of the public largesse. One…

Singapore’s new icon ‘Jewel’ wins 2020 Nikkei award

A dome-shaped commercial complex in the heart of Singapore’s gateway airport has been named one of the winners of the 2020 Nikkei Superior Products and Services Awards. The new landmark burnishes the airport’s already sterling reputation and has…

Singapore trains to be in fighting shape for Davos 2021

Mixed martial arts may be far from the rarefied air of Davos, but fights are one way that Singapore is preparing to host the world’s leading business and political figures next May. While the roar of the crowd…

Singapore lures workspace operators amid pandemic property slump

Arcc Spaces’ newest 19,000 sqft flexible workspace in Singapore looks like a luxury hotel’s lobby – 20 stories up. Down the road from the city-state’s stock exchange, and with a commanding view of the famed MBS hotel, it…

Infineon pumps $20m into establishing Singapore as AI hub

German chipmaking giant Infineon Technologies on Tues announced Singapore as its base for developing AI applications for its global operations. The company, among the 10 largest semiconductor manufacturers in the world, will initially invest S$27 million to establish…

Singapore speeds up travel restart as COVID keeps Malaysia gripped

Singapore and Malaysia, closely connected neighbours that have both been severely damaged by COVID-19, are eager to jump-start their economies. But just as the former appears to be turning a corner and moves to accelerate its reopening, the…

Singapore touts ‘hybrid’ conventions as COVID shrinks $3bn industry

With coronavirus cases on the decline here, Singapore wants to become a global hub for “hybrid” conventions that combine online and in-person elements for greater economic payout with less infection risk. Since the coronavirus pandemic gained momentum in…

Malaysia and Singapore greenlight rail link delayed by Mahathir

Malaysia and Singapore have agreed to commence construction of a light-rail connection in early 2021, reviving a project that was delayed by Mahathir Mohamad’s former government over cost concerns. Malaysian PM Muhyiddin Yassin, who pushed Mahathir out of…

Singapore government arm backs laser startup as 5G race heats up

A Singapore government arm has invested in Transcelestial, a local startup developing low-cost networking equipment, as the race for 5G rollout intensifies across Asia. Founded in 2016, Transcelestial is developing devices that use laser technology to send data…

Singapore should tear down its statue of Raffles

From Christopher Columbus in US to King Leopold II in Belgium, statues of men who profited from slavery or colonial exploitation have been ripped down or removed in recent weeks. In Singapore, some are asking whether it is…

Singapore coronavirus clusters awaken Asia to migrants’ plight

For one Bangladeshi migrant worker, this year has been his “worst experience” in Singapore. In Apr, he was forced into home quarantine for a month as the coronavirus burned through his dormitory. The construction site where he worked…

Deserted Orchard Road highlights Singapore’s economic woes

To see the extent of the economic crisis gripping Singapore – which last week recorded its steepest ever monthly retail sales fall – just take a random walk down Orchard Road. One of SEA’s prime shopping hubs, the…

Singapore restaurants rail against 30% delivery app fees

With Singapore’s restaurants relying more than ever on delivery platforms due to coronavirus-related restrictions, concerns are growing that the astronomical fees charged by these apps could drive many eateries out of business instead of saving them. “You call…

Singapore investigates Hyflux over suspected false statements

Ailing water company Hyflux and its directors are under investigation, suspected of false and misleading statements, breaches of disclosure requirements and noncompliance with accounting standards, Singaporean authorities said on Tues. The investigation comes as a $290 million rescue…

Singapore’s SafeEntry check-in system plugs holes in virus tracing

From the early days of the coronavirus crisis, contact tracing has been a core element of Singapore’s containment strategy. Now the city-state is raising its tracking game. Come Tues, visiting a shopping mall, entering a factory or even…

Singapore must rethink how it treats migrant workers

The surge in COVID-19 cases among Singapore’s migrant workers, who account for 86% of its confirmed infections, has shone a spotlight on their low-wage lives in large, overcrowded dormitories. It has also exposed systemic weaknesses relating to their…

Singapore vows to be first in Southeast Asia to ditch petrol cars

The common sight of loud, gas-guzzling Ferraris, Porsches and Lamborghinis zipping around the smoothly-paved roads of wealthy Singapore is set to become a thing of the past. Finance Minister Heng Swee Keat said on Tues that Singapore intended…

Singapore’s unmanned convenience stores learn from China’s failures

Computer science undergraduate Shawn Hong surveyed a chiller stuffed with sodas at a convenience store located within the grounds of NUS. Deciding on a healthier option, Hong, 24, picked up a bottle of sugar-free green tea and headed…

Singapore REITs to keep market’s love after bulking up

Stocks of REITs have rallied so sharply this year that many analysts see little scope for further gains. But recent moves in the sector suggest investor interest is likely to be sustained. A wave of M&As by these…

Singapore-based Keppel REIT in $110m green loan from OCBC

Keppel REIT has obtained an unsecured S$150 million green loan facility from OCBC, its second such facility this year, to grow its green building portfolio. In a disclosure to SGX, Keppel REIT’s manager said the green loan facility…

Singapore fund raises $106 million to tackle plastic pollution

Public anger over the environmental damage caused by plastic waste is finally forcing consumer goods companies to take action, according to Rob Kaplan, whose Singapore-based Circulate Capital Ocean Fund has raised $106 million to invest in solutions to…

Ailing Senoko Energy asks for aid from Singapore

Struggling Singaporean utility Senoko Energy is requesting a rescue package of lending and other support from the government to ride out a supply glut expected to persist for a few more years. Senoko has asked to borrow an…

E-scooter footpath ban hits Singapore’s mobility startups

Long proud of its infatuation with rules – no chewing gum, no spitting, no feeding the monkeys – Singapore stunned mobility operators this week by banishing PMDs from its footpaths. Telepod, which provides e-scooters to food delivery platforms…

Singapore shoppers resist Amazon push as Alibaba leaps ahead

Amazon continues to trail its China-backed rivals in SEA despite the launch earlier this month of its first online store in Singapore. More than two years after Amazon entered the region by making its members-only Prime service available…

Singapore’s safe-haven lure boosts home prices in prime areas

Private home prices rose more than expected in the third quarter, driven by demand for apartments in prime districts, but office rents and values posted a surprising fall after steady gains over the past two years. The contrasting…

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