Monetary Authority of Singapore launches Sustainability Bond Grant Scheme
On 26 February 2019 the Monetary Authority of Singapore (MAS) announced the expansion of its Green Bond Grant Scheme to include social and sustainability bonds, and renamed the framework the Sustainability Bond Grant Scheme. Overview In response to feedback from market participants on the Green Bond Grant Scheme introduced in March 2017 (the Original Scheme) […]
IP regime, connectivity to keep Singapore industries competitive in low-carbon future: Chan Chun Sing
SINGAPORE – Singapore will work with its industries as it moves to meet standards of a low-carbon future, while remaining competitive with its strong connectivity and intellectual property (IP) regime, said Trade and Industry Minister Chan Chun Sing on Friday (April 5). Describing the need to constrain emissions as “a new mountain to climb”, Mr […]
CDL snags $500m in green loans for new property developments
SINGAPORE – City Developments Limited (CDL) has bagged $500 million in two green loans, marking the first time such financing will be used in Singapore for new property developments, the mainboard-listed developer said on Friday (April 5). A three-year green loan of $400 million will be provided by DBS Bank, which is also the adviser for […]
Energy industry faces climate and job hurdles: Chan Chun Sing
SINGAPORE faces the challenge of building a low-carbon world in the coming decades, Minister for Trade and Industry Chan Chun Sing said at an energy and chemicals industry event on Friday morning. He said the Republic is committed to working with energy and chemicals industry partners on competitiveness and sustainability, such as by fostering the development […]
HQ of Singapore construction firm being built with sustainable material from local waste
SINGAPORE – The first step in developing sustainable construction material using local waste was taken today (Mar 25), with the signing of an agreement that will include its use in the building of a new headquarters of a local construction company. The agreement between JTC Corporation and Samwoh Corporation will see recycled materials processed from […]
Sembcorp looking to supply YCH Group’s warehouses in Asia with solar power
SINGAPORE – Sembcorp Industries on Friday (March 22) said it is working with YCH Group on supplying its warehouses across Asia with solar power, as it announced the completion of a rooftop solar farm at YCH’s Supply Chain City flagship building. Sembcorp will now look to power other YCH facilities with solar energy in countries such as China, […]
Singapore spending $130 million on trial to see if hybrid and electric buses are feasible here
SINGAPORE – The Land Transport Authority is spending more than $130 million on a trial to see if diesel-electric hybrid and battery-powered public buses are feasible here – the first move towards an aim to convert Singapore’s fleet to cleaner energy sources by 2040.
Singapore and Vietnam to explore tie-ups in energy, Industry 4.0
SINGAPORE and Vietnam will explore collaborations in smart cities and energy, as well as Industry 4.0 and start-ups, with both countries’ ministers discussing possibilities at the 14th Singapore Vietnam Connectivity Ministerial Meeting in Singapore on March 13. Singapore’s Minister for Trade and Industry Chan Chun Sing co-chaired the meeting with Vietnam’s Minister of Planning and […]
Volvo unveils “world’s first” autonomous electric bus in Singapore
Volvo has revealed a pioneering, driverless electric bus that is set to undergo testing, before being put into operation on Singapore’s roads. The 12-metre long bus, AB 7900, has a capacity of 93 people, and is able to carry 57 standing passengers as well as those seated. Unlike regular buses used in public transport networks worldwide, this electric vehicle […]
Singapore LNG terminal ready to receive small LNG ships
Singapore LNG Corp. Pte Ltd. (SLNG) has completed modifications to its secondary jetty at its terminal on Jurong Island, and it is now able to receive and reload small LNG ships of between 2000 m3 and 10 000 m3 in capacity. This new small-scale LNG (SSLNG) facility, completed on 13 February 2019, will help spur […]