China’s WeRide tests autonomous buses in Singapore, accelerates global ambition

After years of aggressive expansion at home, China’s autonomous vehicle upstarts are now setting their gaze on overseas markets. WeRide, in particular, has been on a licensing spree. On Monday, WeRide announced it has obtained two licenses from Singapore that will allow its robobuses to test on public roads on a “larger” scale. The two … Read more

Tropical datacenter now up and running in Singapore

Liquid-cooled heat sink with air-cooled fin array. National University of Singapore A datacenter set up to operate in tropical climates is now up and running in Singapore, offering a facility for researchers and industry players to develop energy-efficient cooling technologies.  Touted as the world’s first datacenter testbed for tropical environments, the new site is hosted … Read more

A new luxury hotel with rooms made from buses opens in Singapore

The resort hotel has 20 rooms which will be open for stays from Dec. 1, 2023. Source: The Bus Collective It only costs a dollar to ride a Singapore bus — but 398 Singapore dollars to sleep in one. The Bus Collective is Southeast Asia’s first resort hotel to repurpose decommissioned public buses into luxury … Read more

Singapore to tighten crypto regulations for retail customers

A woman rides her bicycle with the Marina Bay Sands hotel and high-rise buildings in the background in Singapore on Sept. 4, 2023. Roslan Rahman | AFP | Getty Images Singapore will introduce tighter rules for cryptocurrency service providers, following feedback on its proposed regulations, said the city-state’s financial authority. “The consulted proposals detail business … Read more

Singapore expects economy to grow 1% to 3% next year, narrows 2023 outlook

An undated aerial view of Singapore’s Marina Bay at night. Nikada | E+ | Getty Images Singapore’s economy is expected to expand by 1% to 3% in 2024 on the back of an ongoing recovery in the travel and tourism industry, while the downturn in manufacturing and trade-related sectors could also be nearing an end. … Read more

Indian travelers are spending big but only 1% are going overseas

The world famous Gateway of India monument in Mumbai, India was built during the 20th century to commemorate the visit of king George V and Queen Mary. It is located on the waterfront of the Apollo Bunder area of south Mumbai and is the city’s top tourist attraction. Darren Robb | The Image Bank | … Read more

Singapore looks for deeper digital ties with San Francisco investment

Yuichiro Chino/Getty Images Enterprise Singapore (EnterpriseSG) has set up an office in San Francisco, where it hopes to further deepen bilateral ties and support startups’ efforts to enter the digital hub.  The new office is the government agency’s third in the US and underscores San Francisco as “a city of interest” for Singapore businesses, especially … Read more

Singapore to pilot wholesale central bank digital currencies in 2024

Ravi Menon, managing director of Monetary Authority of Singapore, speaks during the Singapore FinTech Festival in Singapore, on Thursday, Nov. 16, 2023. The festival runs through Nov. 17. Lionel Ng | Bloomberg | Getty Images SINGAPORE — Come 2024, Singapore will pilot the live issuance and use of wholesale central bank digital currencies, said Ravi … Read more

Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’

James Gorman, chairman and chief executive of Morgan Stanley, speaks during the Global Financial Leader’s Investment Summit in Hong Kong, China, on Tuesday, Nov. 7, 2023. The de-facto central bank of the Chinese territory is this week holding its global finance summit for a second year in a row. Photographer: Lam Yik/Bloomberg via Getty Images … Read more

Celebrities join Prince William on the Singapore green carpet for his Earthshot Prize awards

SINGAPORE — Celebrities joined Britain’s Prince William to walk the “green carpet” in Singapore on Tuesday for the third Earthshot Prize awards ceremony, where five winners ranging from solar-powered dryers to combat food waste to making electric car batteries cleaner were unveiled. The Prince of Wales said at the first ceremony held in Asia that … Read more