Hyundai Motor Group has officially opened the Hyundai Motor Group Innovation Center Singapore (HMGICS), a significant step in accelerating the Group’s human-centric future mobility vision. This state-of-the-art facility introduces the concept of a ‘smart urban mobility hub,’ merging highly automated flexible production systems with novel ways for electric vehicle (EV) buyers to interact with their […]
Health Management International Pte Ltd (HMI Group), a key player in private healthcare across Singapore, Malaysia, and Indonesia, has strategically expanded its presence by acquiring a majority stake in The Harley Street Heart & Vascular Centre (Harley Street), one of Singapore’s foremost private cardiovascular groups. Harley Street: Pioneers in Heart and Vascular Care Founded in […]
Global supply chain solutions leader, AIT Worldwide Logistics, has marked a significant expansion in Asia with the inauguration of two new offices—one in Penang, Malaysia, and the other in Singapore. This strategic move has bolstered AIT’s presence across six Asian countries, indicating a robust response to the evolving needs for diversified sourcing in the region. […]
Singtel, a premier communications technology group in Asia, and global investment giant KKR have cemented a deal wherein KKR will invest up to S$1.1 billion ($800 million) for 20% ownership in Singtel’s regional data centre business. This transaction places the enterprise value of Singtel’s regional data centres at an estimated S$5.5 billion. First-Time Collaboration and […]
Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings Pte Ltd (Singlife) to Sumitomo Life Insurance Company for a total cash consideration of £0.8 billion (SGD 1.4 billion). The deal includes Aviva’s equity stake priced at £0.5 billion (SGD 0.9 billion) and two debt instruments valued at £0.3 billion (SGD 0.5 […]
Indian-origin Singapore-born economist Tharman Shanmugaratnam was inaugurated as Singapore’s ninth president on September 14. The 66-year-old will serve a six-year term, succeeding President Halimah Yacob, whose term concluded on September 13. Shanmugaratnam received significant support, winning 70.4% of the vote in a presidential election that had the spotlight on Singapore’s political landscape. Lifetime of Public […]
GlobalFoundries (NASDAQ: GFS) officially unveiled its $4 billion expansion fabrication plant in Singapore. Occupying a 23,000 sqm space, the new facility aims to create 1,000 high-value jobs, primarily consisting of equipment technicians, process technicians, and engineers. This marks a significant increase in the company’s global manufacturing capabilities. Key Attendees at the Opening Ceremony The grand […]
Corium, a biopharmaceutical frontrunner in the neuroscience arena, and Lotus Pharmaceutical, a global pharmaceutical powerhouse, have declared a collaboration and license agreement. This pact centers around ADLARITY (donepezil transdermal system), an unprecedented Alzheimer’s dementia therapy, targeting ten key Asian markets. ADLARITY, hailed as the U.S. Food and Drug Administration’s first-ever once-weekly patch to address mild […]
Tata Consultancy Services (TCS), in collaboration with Sree Narayana Mission (SNM) of Singapore, has unveiled the Seniors Lab, a pioneering digital programme engineered to champion integrated senior care. Targeting the escalating needs of Singapore’s ageing population, Seniors Lab intends to revamp care delivery methodologies, integrating Internet of Things (IoT) technologies to optimize healthcare expenses and […]
India-based metering solutions provider Genus Power Infrastructures has announced the signing of definitive agreements with Singapore-based Gem View Investment Pte Ltd, an affiliate of GIC. The agreements set out the terms for the creation of a platform dedicated to Advanced Metering Infrastructure Service Provider (AMISP) concessions. GIC will hold a 74% stake in the platform, […]