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Singapore has retained its overall top ranking as Asia’s most innovative nation in the latest Global Innovation Index (GII) released by the World Intellectual Property Organisation (WIPO), Cornell University & INSEAD. It has held this position since 2014. The GII ranks world economies according to their innovation capabilities. Consisting of roughly 80 indicators, grouped into …

Hongkong Land and DBS Bank (DBS) announced that an agreement has been reached to convert an existing five-year revolving credit facility of HK$1 billion, dated February 2020, into a sustainability-linked loan, with the interest rate being indexed against ESG targets. Hongkong Land will be eligible to receive a tiered discount on the interest rate of …

CapitaLand has received the top SGBuilds Star Award by the Building Construction Authority of Singapore (BCA) for the Group’s exemplary collaboration with Singapore firm L&W Construction Private Limited (L&W) to develop International Tech Park Pune, Kharadi (ITPP-Kharadi) in India.   CapitaLand is the first to be accorded this honour under the developer category.  The Group has also received …

CapitaLand, through its philanthropic arm, CapitaLand Hope Foundation (CHF), has pledged up to RMB1 million in donations to support flood relief efforts in Chongqing, China.  CapitaLand will be working with local community partners to disburse the donations. CapitaLand’s donation pledge follows an intense period of flood fighting efforts in Chongqing, which has upgraded its flood …

DBS Bank has provided a SGD40 million loan facility to Sembcorp Industries (Sembcorp) to build a 60 megawatt-peak (MWp) floating solar photovoltaic (PV) system on Tengeh Reservoir in Tuas. The bank is the sole financier for the project. Scheduled to be completed in 2021, the project will be Singapore’s first single large-scale floating solar PV …

Singapore Airlines (SIA) and the Temasek Foundation are partnering with the World Food Programme (WFP) to support the global Covid-19 response to help transport essential medical supplies and other health and humanitarian items by air to points of need around the world.Providing the logistics backbone for global Covid-19 efforts, WFP operates a network of hubs …

These are the countries with the highest global GDP  according to the International Monetary Fund. China is the biggest economy in the world in terms of the gross domestic product (GDP) based on the data from the International Monetary Fund (IMF). With a 2019 GDP amounting to USD 22.53 trillion, China is significantly ahead of …

The Land Transport Authority (LTA) has awarded four contracts for the Jurong Region Line (JRL) at a combined value of approximately $682.5 million. These contracts cover the following areas: the construction of three JRL stations and their associated viaducts (J109); the provision of the signalling system and half-height platform screen doors (J152); the delivery of …

United Overseas Bank (UOB) announced it is collaborating with Getz, an end-to-end food and beverage (F&B) digital solution provider, to help F&B businesses set up their online storefronts quickly while also lowering the cost of delivering food to consumers. With almost seven in 10 consumers saying that they will continue to order food online even …

Despite its massive potential, corporate Asia still lags behind its counterparts in the world. Why? Asia has seen rapid growth and rise to prominence in the past decade. It is filled with market opportunities and has proven itself resilient in times of crisis. However, it remains behind other global economies in terms of economic profit. …