GOVERNMENT OF SINGAPORE
Singapore is making life tougher for global talent
Singapore's 2022 points-based employment pass system, requiring a salary minimum for overseas employees, may affect its business hub status. It addresses local job concerns, crucial for the People’s Action Party's election prospects. The American Chamber mentions US firms' talent shortage. Ministry of Manpower notes local job growth and non-resident employment drop in 2024.
Amaravati will be rebuilt by restoring investor confidence, brand image: Andhra CM Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu vowed to rebuild Amaravati, overcoming hurdles from the previous YSRCP regime by restoring investor confidence and reconstructing the city's brand image. He plans to execute the project swiftly, incorporating modern advancements from the existing masterplan developed with Singapore. Naidu highlights Amaravati's historical significance and potential to generate jobs and tax revenue, aiming to revive the city's economy and reputation.
Singapore prepared to recognise Palestine in principle at appropriate time, says foreign minister
"Both sides have legitimate rights, and both peoples have a right to live in peace and dignity within secure borders," The Straits Times quoted the Singapore minister as saying. He was responding to questions from parliamentarians on Singapore's May 10 decision to vote for a United Nations resolution backing the admission of Palestine as a member of the world body, which it said was made after "serious and careful consideration".
Trade routes in turmoil: Why Indian exports are piling up in Colombo and Singapore
About 75% of India's transshipped cargo is handled at ports outside India, and the major trade routes connecting India to various destinations, including Colombo, Singapore, and Port Klang, are currently experiencing strain.
Indian law firm SNG & Partners collaborates with Singapore-based ESG firm Snowkap
Mumbai-headquartered law firm SNG & Partners has partnered with Snowkap, a Singapore-based ESG firm, to support global organizations in their sustainability journey. Led by chairman Rajesh Gupta, SNG & Partners has analyzed over 4,000 ESG data points from Indian laws, integrating with Snowkap's capabilities. Co-founders Rajesh Patel and Giri Krishnaswamy highlight the transformative impact of this alliance on reshaping ESG commitments.
View: Time to reskill the skilling plan
India's 'Skill India' initiative has improved access to quality education and skilling, including new ITI capacities, increased apprenticeship engagement, and the launch of Skill India Digital Hub. The National Education Policy (NEP 2020) envisions integrating skilling into all education forms, inspiring reforms like the National Credit Framework (NCrF) and National Curriculum Framework (NCF).
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Ixigo public issue oversubscribed on opening day
Le Travenues Technology's IPO for online travel platform Ixigo was oversubscribed on the opening day, with bids for 85.5 million shares against 43.7 million available.
Retail buyers oversubscribe Ixigo IPO within hours on debut
Retail investors bid for 17.6 million shares compared to the 7.9 million shares available, as of 11:42 AM on Monday, BSE data showed. The non-institutional segment subscribed 0.47 times, while the qualified institutional buyers (QIB) are yet to show significant activity.
Singapore PM Wong says Prime Minister Modi 'shepherded India's remarkable transformation'
Singapore's Prime Minister Lawrence Wong congratulated Narendra Modi on his reappointment as India's Prime Minister, emphasizing their strategic bilateral ties.
India, the US and 12 other nations sign Indo-Pacific region economic pact
The US and 13 nations in Asia signed agreements on the Indo-Pacific Economic Framework, part of Biden's strategy to counter China's influence. The pact includes major economies like Japan, India, and South Korea, focusing on renewable energy, climate change, taxation, corruption, and supply-chain management.
Ixigo IPO opens for subscription. Should you bid?
Ixigo IPO by Le Travenues Technology will open for subscription with a price band of Rs 88-93 per share. Investors can bid for 161 shares in one lot. The IPO closes on June 12.
Ixigo IPO opens tomorrow. What GMP signals ahead of subscription?
Before its initial public offering (IPO) set to open for subscription on Monday, Le Travenues Technology, the company behind the travel platform Ixigo, is seeing its shares trade at a premium of Rs 25 in the unlisted market.
IPO Calendar: Ixigo's Rs 740 crore issue, 4 listings on primary market radar next week
The IPO of Le Travenues Technology which operates the travel platform Ixigo is set to launch on June 10, along with Kronox Labs' debut. Analysts foresee a surge in IPO activity in the coming days.
Ixigo raises Rs 333 crore from anchor investors ahead of IPO
Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore are some of the marquee investors who subscribed to Ixigo's anchor book. The company had already announced pre-IPO secondary placements of around Rs 176.2 crore at the top end of price band.
India showcases investment opportunities at IPEF clean economy investor forum
According to a press release by the Ministry of Commerce and Industry, the event, brought together over 60 global investors and financial institutions, showcasing India's burgeoning opportunities in infrastructure, clean economy, and digital transformation.
Singapore-based Sembcorp to supply green ammonia to Japan from its India plant
Singapore-based Sembcorp Green Hydrogen Pte Ltd signed an agreement with two Japanese firms to supply green ammonia from its 200,000-metric tonne capacity plant in India.
India's FDI steady at $70.9 billion in FY24, inflows more than doubled in the construction sector
India maintained consistency in attracting foreign investment with a total FDI inflow of USD 70.9 billion in FY 2023-24. The highest FDI of USD 6 billion was received in October 2023, with FDI equity inflow reaching USD 44.4 billion. Construction, development, and power sectors saw significant growth, with Mauritius and Singapore being the top contributors.
"Badhaai Ho!": Israel, China, Italy, and other world leaders celebrate PM Modi's 2024 Lok Sabha victory
"China is ready to work with India to promote the healthy and stable development of relations between the two countries, in the fundamental interests of the two countries and peoples, with an eye to the big picture and a view to the future," foreign ministry spokeswoman Mao Ning told a regular press conference.
US, Indo-Pacific partners holding talks in Singapore on clean energy
The U.S.-led Indo-Pacific Economic Framework ministerial meeting in Singapore includes major firms joining a 'Clean Economy' investor forum to boost infrastructure and climate investments.
China beats the war drums at Shangri-La Dialogue
Chinese Defense Minister Admiral Dong Jun delivered a strong message at the Shangri-La Dialogue in Singapore, emphasizing China's stance against hegemonism and power politics in the Asia-Pacific region.
Singapore to invest $222 million to boost quantum computing capability
Singapore to invest $222 million in a new national quantum computing strategy, announced by Deputy Prime Minister Heng Swee Keat at the Asia Tech x Singapore Summit. The investment will focus on building capabilities in quantum processors over five years.
Timken promoter sells Rs 1,956-crore stake
Government of Singapore, Monetary Authority of Singapore, HDFC Life, UTI MF and Nippon India MF were among some of the buyers. Shares of Timken India rose 2.78% to close at 4,062.80 on Tuesday. In last one month, the company’s shares gained 28.15% against an up-move of 1.94% in BSE 500 Index.
Singapore and Kazakhstan plan Eurasia to ASEAN trade & transit corridor
Singapore and Kazakhstan strengthen economic ties, enhancing India's role as a link between Southeast Asia and Eurasia. Kazakhstan's transport initiatives and Singapore's expertise create new business opportunities. The countries sign agreements to boost trade and investment, with Singapore investing in Kazakhstan's economy. Cooperation focuses on innovation and digitalization for mutual benefit.
Aviation experts to begin probe of Singapore Airlines turbulence incident that left British man dead
Aviation investigators arrived in Bangkok on Wednesday to learn how and why severe turbulence sent a Singapore Airlines plane into a sudden dive that tossed passengers and crew around the cabin, leaving a British man dead and dozens others injured. Twenty people remained in intensive care in hospital after Flight SQ321, which was flying from London's Heathrow airport to Singapore, hit the turbulence Tuesday over the Andaman Sea.
World’s most turbulent flight routes show rough rides are everywhere
A British man died and seven were critically injured on a Singapore Airlines Ltd. flight from London to Singapore due to severe turbulence, leading to an emergency landing in Bangkok. The incident highlighted the instability of air routes, including the turbulent Santiago to Santa Cruz route.
Singapore Airlines Boeing 777 flight from London to Singapore faces severe turbulence, drops 7000 feet; watch video
A Singapore International Airlines flight experienced extreme turbulence. This killed one passenger on board and injured many others.
Singapore court clears Pine Labs plea to move domicile to India
The approval from Singapore's court paves the way for Peak XV Partners-backed Pine Labs to shift its domicile to India. Multiple other companies of Indian origin including Meesho, Razorpay, Zepto and Udaan are in different stages of moving to India. PhonePe and Groww have already completed their migration to India.
Three Indian Navy ships visit Singapore as part of South China Sea deployment
Indian Naval Ships Delhi, Shakti, and Kiltan, led by Rear Admiral Rajesh Dhankhar, arrived in Singapore as part of the Indian Navy's Eastern Fleet's operational deployment to the South China Sea. The visit aims to strengthen the friendship and cooperation between India and Singapore through various engagements. The Indian Navy and the Republic of Singapore Navy have a longstanding relationship, with regular visits, exchanges, and training arrangements. This deployment highlights the strong ties between the two navies.
Singapore-India ties will continue to flourish under incoming PM Wong: SICCI
Singapore President Tharman Shanmugaratnam was the guest of honour at the dinner attended by some 700 business and community leaders from the prosperous Asian financial centre.
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