Singapore Economic Development Board (EDB)

#Singapore is making moves to become Asia’s #SpaceTech hub - with our national space office Office for Space Technology & Industry, Singapore (OSTIn) driving the next bound of development for the space sector. Here's a quick look at what Deputy Prime Minister Gan Kim Yong announced at Asia’s largest space event, the Global Space Technology Convention & Exhibition (GSTCE) 2025: 🚀 Growing Singapore’s Space Sector: Singapore will add an extra S$60m to the S$150m Space Technology Development Programme (STDP) to boost satellite technology innovation and help commercialise research. Industry players, and academic and research institutes can apply for project grants that seek to develop new technologies, prototype and validate new concepts, and facilitate space access. Examples of past projects include the Very Low Earth Orbit satellite technologies and satellite-enabled precision agriculture technologies. 🤝 Building International Partnerships: Singapore has inked an MOU with the UAE Space Agency and signed a Letter of Intent with the European Space Agency - ESA to enhance industry cooperation. 🛰️ Developing Space Programmes in Focus Areas: We are getting our very first Earth Observation Initiative (EOI), coordinated by OSTIn, with 15 partners including The World Bank and World Economic Forum to develop satellite-based solutions that can address real-world challenges in the region. The global space economy is expected to triple in size and reach US$1.8t by 2035. As a hub for businesses and space-adjacent sectors such as #aerospace, microelectronics and precision engineering, Singapore is well-positioned to drive the development of space technologies for practical applications, and support the translation of research to benefit our economy and society 🏙️ Learn more about what went down at #GSTCE: https://lnkd.in/guMHYY5g

Indicon LLC, a company specialising in industrial #automation solutions and control systems integration, has opened a new manufacturing facility in Singapore! The 70,000 sqft site is a UL Certified facility (which means it meets the strict safety and quality standards set by safety science company Underwriter Laboratories “UL”) and will have #PrecisionEngineering and advanced thermal testing capabilities. Joe Rieger, CEO of Indicon, said the new Singapore facility would enable Indicon to “better serve existing customers with a regional presence and foster new relationships in this ever-evolving global market.” In remarks made at the facility opening, he highlighted Singapore's talented and diverse workforce as being a good fit for Indicon's needs. The facility is expected to create over 100 job roles including engineers, technicians, and corporate professionals. This investment will enrich Singapore’s #manufacturing ecosystem and demonstrates how we can be a partner for global companies seeking a gateway to the region and the world. Read about why Indicon chose Singapore to launch its expansion into new markets: https://lnkd.in/gkJeCKNS

As a gateway to #SoutheastAsia, #Singapore is continuously enhancing our #connectivity with the region and the world. Here are some measures that will facilitate smoother and more efficient cargo flows between Singapore and Malaysia, particularly via our land borders: 1️⃣ [Already implemented] Paperless cargo clearance facilitated by the MyICA mobile app and ICA's website (https://lnkd.in/gvvsygff), cutting down clearance time per vehicle by 30%. 2️⃣ [Already implemented] Malaysia-Singapore Authorised Economic Operator (AEO) Mutual Recognition Arrangement (MRA), which reduces documentary checks and/or physical cargo inspections for certified companies exporting and importing goods to and from Malaysia. Visit the Singapore Customs' website for more information: https://lnkd.in/gdkRhC-4 3️⃣ [New in January 2025] Streamlined Customs procedures for land intermodal transhipments, with savings of up to $40 per transhipment and 50% reduction in time taken to prepare customs permits. Read more here: https://lnkd.in/g6vV7Eje Improving the cross-border flow of people and goods will allow businesses to tap on the complementary strengths of Singapore and Malaysia to grow their operations. This is in line with the Johor-Singapore Special Economic Zone (JS-SEZ) agreement signed in January 2025, which aims to strengthen the regional business ecosystem. Find out more about the JS-SEZ: https://lnkd.in/g79wCt-9

When Procter & Gamble (P&G) launched its Olay Super Serum in the US in 2023, one bottle was sold per minute. The product was first created in P&G’s Singapore Innovation Centre (SgIC), the company’s largest beauty #innovation hub in Asia and also one of the biggest private research facilities here. P&G is among the leading companies in Singapore that are creating and testing new products and solutions to meet customer needs, in #partnership with Singapore’s research institutes, universities and healthcare organisations. For P&G, its collaboration with A*STAR - Agency for Science, Technology and Research’s Skin Research Laboratory has led to breakthrough technologies like Hapsense, a patent-pending skin sensor that accelerates skincare product analysis by up to 10 times. P&G has invested S$20m to renew its partnership with A*STAR for another five years. #Singapore offers a compelling proposition for leading enterprises when it comes to innovating for growth. Learn how P&G’s innovation drive has benefited from Singapore’s world-class R&D ecosystem, strong #tech talent pool and access to diverse consumer insights from growth markets.

Singapore aims to green 80% of our buildings by 2030, with ambitious targets for energy efficiency improvements. And we’re harnessing technology and innovation to get there, such as through the new Centre of Excellence (CoE) for #SustainableBuildings by Honeywell. Using Honeywell’s proprietary Forge IoT platform, the CoE will drive the development of scalable solutions for smart building management through #AI and #MachineLearning technologies. The intent is to help building managers and owners reduce energy consumption, optimise building performance, prevent inefficiencies in energy usage, and help with predictive maintenance. While initial deployments will focus on Singapore-based healthcare facilities, data centres, and educational institutions, Honeywell intends for the CoE to expand to serve regional needs across Southeast Asia by 2026. Buildings currently account for about 20% of Singapore’s national emissions and Honeywell’s CoE is one step towards making our built environment smarter, greener, and more efficient. Learn more: https://lnkd.in/gfdMRhxa

Global enterprises continue to locate new and expand existing #headquarters in #Singapore. The global nutrition, health and beauty leader dsm-firmenich has its APAC headquarters here with nearly 600 employees across six sites. Meet Khai A. Bakar, who is currently a Senior Manager of Key Global Accounts (APAC) and the Country Lead for the Philippines at dsm-firmenich. The Singaporean, aged 39, has spent over 13 years at the company. Khai began his career in manufacturing and R&D roles in the Netherlands before moving to sales, where he now oversees major accounts in the beverage, dairy and savoury sectors and manages tens of millions in annual business. Hear from Khai on how he works with dsm-firmenich’s #innovation team to bring new products quicker to market to drive sales for customers in the region. #EDBYIR2024

#Singapore continues to be a choice destination for corporate #headquarters. In 2024, companies from different industries set up new and expanded existing headquarters functions here, as part of their regional growth plans. Hear from Gradiant, ERM, Databricks, ASICS and Rockwell Automation on what drew them to Singapore, a global #hub in Asia. From our business-friendly environment and skilled talent pool to our vibrant innovation ecosystem and commitment to strengthening regional connectivity, Singapore is the smart move for companies seeking a trusted base in a high-growth region. Discover how Singapore can be your company’s gateway to key Asian markets: https://lnkd.in/g44ybiEC EDBI Pte Ltd

#SGBudget2025: Singapore’s Prime Minister Lawrence Wong delivered the 2025 Budget Statement today, announcing a suite of support measures for Singaporeans and enterprises. The measures are aimed at alleviating near-term cost pressures for businesses and helping them invest in #innovation and productivity for long-term growth, with Singaporeans getting more support to upskill and stay employable. Startups will get help to scale up and internationalise, while Singapore will also enhance access to clean energy and continue strengthening regional #connectivity.   Here are 5 key highlights:   1️⃣ Singapore is topping up S$3b to the National Productivity Fund to attract high-value tech investments in areas such as AI and quantum computing, and boost innovation and productivity. S$1b will be invested in R&D infrastructure development — this includes a new national semiconductor R&D fabrication facility and a refresh of public infrastructure at one-north to support faster commercialisation of biosciences and MedTech research.   2️⃣ Businesses will receive a 50% corporate income tax rebate and get help to uplift the wages of lower-wage workers, through an enhancement of the Progressive Wage Credit Scheme. They will get support to redesign jobs and embark on enterprise and workforce transformation as well.   3️⃣ A new S$150m Enterprise Compute Initiative will be set up to help enterprises access AI tools and computing power with major Cloud Service Providers. A S$1b Private Credit Growth Fund will also be launched to provide more financing options for high-growth local enterprises.   4️⃣ The Future Energy Fund, which supports businesses in infrastructure investments to access clean energy, will receive a S$5b boost. The Changi Airport Development Fund will get a top-up of S$5b to further expand the airport’s capacity, enhancing Singapore’s air connectivity.   5️⃣ Singaporean mid-career workers will get more help to defray the costs of upskilling and training, for selected full-time and part-time programmes.   EDB will launch a Global Founder Programme to encourage global founders to anchor and grow new ventures in Singapore later this year. Get the key takeaways for businesses and our workforce from Budget 2025.   Infographics by the Ministry of Finance (Singapore).   For more information on the Budget, visit www.singaporebudget.gov.sg.

#Singapore is an ideal regional hub for EDP Renewables APAC (EDPR) to expand its operations in Southeast Asia, says its Executive Chairman Pedro Vasconcelos. The leading #renewable energy player established its APAC HQ here in 2022, finding Singapore’s talent pool, innovation ecosystem and supportive government policies conducive to its growth in Southeast Asia. As of December 2024, EDPR has achieved a committed capacity of 1.6 GWp of solar energy projects in the region. It’s also: ✅ Worked with EDB and the Housing & Development Board to install solar panels across public housing and government-owned buildings, to contribute to Singapore’s target of at least 2GWp of solar deployment by 2030. ✅ Used Singapore as a base to operate and fund regional projects such as the Ninh Thuan Solar Farm in Vietnam. ✅ Developed innovative renewables technology to enhance the #sustainability of Pulau Ubin’s micro-grid. ✅ Installed one of the world’s largest floating solar farms in open sea, which serves as a prototype for solarising land-scarce areas in Asia. Learn how EDPR is partnering with Singapore to accelerate the deployment of renewable energy across Asia.

Blockchain technology is transforming business operations. Suntory Holdings Limited, a global leader in consumer packaged goods, is setting up its #blockchain business in Singapore to strengthen operational efficiency and improve business profitability. Utilising blockchain applications such as tokenisation and minting to improve end-to-end data management will result in greater traceability across Suntory’s value chain. This can help optimise demand planning and inventory management, in addition to ensuring product authenticity through better tracking. Suntory also plans to set up a digital platform backed by blockchain technology for internal use and to build products and services that cater to consumers. Sebastian Zilliacus, who heads Suntory’s Web3.0 strategy, says Singapore’s transparent regulations, thriving #innovation ecosystem and diverse talent pool makes it a choice location for Suntory’s global blockchain business. Singapore is one of Suntory’s four global hubs outside of Japan, with over 300 employees in diverse functions from R&D and innovation to headquarters – including supply chain management. Learn about how #Singapore’s innovation ecosystem can help global businesses develop new solutions and implement them at commercial scale to drive growth: https://lnkd.in/gngUmpYd