Industry News

Seatrium Limited has been awarded a contract by Kinetics, a Karpowership initiative, to convert a Liquefied Natural Gas Carrier (LNGC) into a Floating Storage Regasification Unit (FSRU) named LNGT Turkiye. The project, set to begin in the third quarter of 2025, will involve installing a regasification module, a spread-mooring system, and integrating essential systems such as cargo handling, offloading, utility, electrical, and automation.

This marks the seventh FSRU project awarded to Seatrium by Kinetics, highlighting a robust strategic partnership. Alvin Gan, Executive Vice President of Repairs and Upgrades at Seatrium, expressed gratitude for Kinetics’ trust, noting that this collaboration underscores Seatrium’s commitment to excellence and innovation. “This contract is a testament to the successful strategic partnership between our companies,” he stated.

Kinetics, aiming to become a major owner of floating LNG assets globally, has already collaborated with Seatrium on four completed projects, including Karmol LNGT Powership Antarctica. Two additional FSRU conversions are currently underway, with deliveries expected later this year and in early 2026.

Mehmet Katmer, CEO of Kinetics, praised Seatrium’s engineering expertise and technical capabilities, emphasising the importance of their partnership in delivering sustainable energy solutions. “This final contract represents a significant milestone in Kinetics’ ambition to lead the global FSRU market,” he said.

Seatrium, with a history of 21 successful FSRU/FSU conversions since 2007, continues to lead the global market in this specialised sector, reinforcing its position as a pioneer in FSRU conversions.
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The National Semiconductor Translation and Innovation Centre for Gallium Nitride (NSTIC (GaN)) was officially launched today by Minister Tan See Leng, marking a significant step in Singapore’s semiconductor industry. This new facility, dedicated to Gallium Nitride (GaN) semiconductors, aims to accelerate innovation and commercialisation in high-growth sectors such as 5G and satellite communications.

NSTIC (GaN) is a collaborative effort between the Agency for Science, Technology and Research (A*STAR), DSO National Laboratories, and Nanyang Technological University, Singapore. It addresses the industry’s need for advanced infrastructure, offering local and international companies access to cutting-edge facilities for research and development, prototyping, and scaling of GaN-based technologies.

The centre features both 6-inch GaN-on-Silicon Carbide and 8-inch GaN-on-Silicon wafer fabrication lines, enabling a wide range of applications. From mid-2026, NSTIC (GaN) will provide commercial foundry services, allowing companies to develop advanced technologies locally, reducing reliance on overseas facilities.

Cheong Chee Hoo, Chairman of the NSTIC (GaN) Steering Committee, stated, “NSTIC (GaN) is not just a facility — it is a national platform for innovation and a catalyst for future technologies.”

The launch also included the signing of several Memoranda of Understanding and Research Collaboration Agreements with industry partners, focusing on areas such as substrate development and high-frequency circuit design. These collaborations aim to strengthen local capabilities and enhance Singapore’s supply chain resilience.

NSTIC (GaN) is poised to play a crucial role in developing local semiconductor talent through partnerships with educational institutions, ensuring a skilled workforce to support the industry’s growth.
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Singapore’s venture capital scene witnessed a significant boost in June 2025, with funding reaching $147 million, a notable 67.1% rise from the previous month. This surge highlights the growing investor confidence in the region’s tech start-ups, despite no new unicorns emerging during this period.

The monthly tracker from Tracxn reveals that the funding in June 2025 also represents a substantial 178.9% increase compared to the same month last year, which saw $53 million in investments. This upward trend underscores the robust growth and resilience of Singapore’s start-up ecosystem.

Among the top deals, Bolttech secured $265 million, leading the funding rounds. Other significant investments included Syfe with $23 million, Sleek with $21 million, and IOST with $3.5 million. These investments reflect a diverse interest across various tech sectors, from fintech to blockchain.

Despite the impressive funding figures, the month did not see any initial public offerings (IPOs) or acquisitions, maintaining the status quo from May 2025. This suggests that whilst funding is on the rise, exits remain relatively stagnant.

The data, focusing solely on equity rounds and tech companies, indicates a vibrant investment landscape in Singapore. As the region continues to attract substantial venture capital, the future looks promising for its burgeoning tech industry.
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Amazon Singapore has announced an exciting line-up for Prime Day 2025, running from 8 to 14 July. Prime members can enjoy significant discounts across categories such as Beauty, Health & Personal Care, PC & Electronics, and Home & Kitchen, with products sourced from the US, Japan, and Germany. The event is accessible to all by joining Prime or starting a 30-day free trial.

In addition to the deals, Amazon is hosting the Amazon Prime Day Maze on 5 and 6 July at Suntec City. This free public event allows visitors to explore interactive zones and missions inspired by Amazon Prime membership. The maze offers a preview of the deals and new product launches, with sessions running hourly from 12:00 PM to 7:00 PM.

Prime members can expect savings on brands like FOREO, Neutrogena, Anker, and Roborock. Highlights include up to 66% off Anker electronics and up to $800 off Roborock vacuum cleaners. Amazon Fresh & Fast also offers up to 50% off selected items and special promotions on seafood and beverages.

Additional perks include discounts for first-time and repeat customers, as well as offers for HSBC and Citibank cardholders. Amazon.sg Gift Cards purchased before 14 July will receive additional credit.

The Prime Day Maze promises a hands-on experience, with a LEGO Play Area and Amazon Fresh Station for visitors to recharge. Entry is on a first-come, first-served basis, requiring only the Amazon.sg app for access.
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Union Gas Holdings Limited, a prominent energy provider in Singapore, has modernised its IT infrastructure by partnering with Lenovo Infrastructure Solutions Group (ISG). This collaboration aims to ensure uninterrupted operations across its liquefied petroleum gas (LPG), compressed natural gas (CNG), and diesel distribution services. The initiative involves deploying Lenovo ThinkSystem servers and storage arrays, supported by 24/7 Premier Support and advanced data protection services.

The decision to upgrade was driven by the need to replace Union Gas Holdings’ ageing infrastructure, which was limiting scalability and reliability. The new Lenovo setup promises enhanced performance and scalability, crucial for the company’s mission-critical workloads. “Union Gas Holdings plays a vital role in powering Singapore’s energy needs, and we’re proud to support their transformation with Lenovo’s reliable, scalable infrastructure,” said Kumar Mitra, Executive Director of Infrastructure Solutions Group at Lenovo.

The infrastructure overhaul includes Lenovo ThinkSystem servers for production and backup, alongside high-performance solid-state drives. This ensures the company can meet increasing business demands with agility. Additionally, Lenovo Premier Support for Data Centres offers 24/7 technical support and a four-hour onsite response, alongside the Keep Your Drive (KYD) service for improved data security compliance.

Stanley Wong, Head of IT at Union Gas Holdings, praised Lenovo’s infrastructure and customer service, stating, “Lenovo’s servers have become the cornerstone of our operations. Their robust architecture and high performance enable us to handle demanding workloads effortlessly.”

This transformation underscores the importance of resilient IT systems in supporting critical public services, ensuring Union Gas Holdings can continue to deliver energy reliably and efficiently across Singapore.
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Alibaba Cloud has announced the launch of new data centres in Malaysia and the Philippines, alongside its first AI Global Competency Centre in Singapore, as part of its 10th anniversary celebrations in the city-state. The announcements were made at the Alibaba Cloud Global Summit in Singapore, which gathered over 500 leaders from various sectors to discuss the future of AI and cloud computing.

The new data centres aim to meet the increasing demand for cloud and AI services across Southeast Asia. The third data centre in Malaysia opened on 1 July, whilst the second in the Philippines is set to open in October. These expansions follow earlier investments in Thailand, Mexico, and South Korea, ensuring Alibaba Cloud can provide secure and scalable services globally.

The AI Global Competency Centre in Singapore is designed to support over 5,000 businesses and 100,000 developers, fostering enterprise AI innovation and talent development. It will serve as a collaborative hub, bringing together more than 1,000 companies and startups to develop next-generation AI solutions. The centre will also introduce AI agents across industries such as finance, healthcare, and logistics.

Selina Yuan, President of International Business at Alibaba Cloud Intelligence, highlighted Singapore’s role as an innovation centre and gateway to the region’s digital economy. “We reaffirm our commitment to empowering businesses of all sizes and verticals whilst advancing cutting-edge AI innovations,” she said.

Alibaba Cloud also revealed new cloud products, including upgrades to its Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), to enhance AI development. Additionally, a global study on green AI adoption was presented, revealing a growing awareness but also significant challenges in implementation.
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Grab has officially launched its first fleet of GrabCabs in Singapore, marking the first new taxi operator in the city-state in seven years. The fleet, consisting of eco-friendly vehicles such as the Toyota Prius and Hyundai Kona, aims to enhance ride availability and improve commuter experiences. This initiative complements the existing private-hire vehicle fleet, providing reliable and convenient ride options for all, including those without access to smartphones.

The GrabCabs are equipped with advanced technologies, including AI-powered devices that monitor driving behaviour and road conditions, promoting safer driving. An integrated mobile data terminal ensures fare accuracy by syncing trip fares directly to the driver’s app and payment terminal. All drivers have undergone rigorous screening to ensure high standards of safety and professionalism.

GrabCab fares start from $4.60, aligning with the prevailing taxi industry rates. To celebrate the launch, Grab is offering a giveaway where participants can win a $20 Grab ride voucher by posting a photo of a GrabCab on Instagram Stories.

In addition to enhancing commuter experiences, GrabCab introduces several benefits for drivers, such as lower operating costs, improved safety tools, and industry-first perks like medical leave and instant payout options. “By offering this level of support, we’re not only helping individual drivers but also raising the bar for the entire taxi industry,” said Yee Wee Tang, Group Managing Director of Operations at Grab.

Victor Sim, Director of GrabRentals, highlighted the opportunity to modernise the taxi experience, making it a sustainable career choice. Kevin Heng, one of the first GrabCab drivers, expressed satisfaction with the new benefits, stating, “The medical coverage GrabCab offers is a huge relief.”

The introduction of GrabCabs signifies a significant step in modernising Singapore’s transport landscape, with a focus on sustainability and driver support.
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The Singapore Institute of Technology (SIT) has unveiled its Living Lab Network (LLN) at the Applied Learning Conference 2025, held at its new Punggol Campus. This initiative aims to enhance applied learning and industry innovation by integrating live systems such as a Multi-Energy Micro-Grid, District Cooling System, and Integrated Building Management System. These systems provide real-time data, enabling students to tackle real-world challenges in energy optimisation, smart infrastructure, and cybersecurity.

Scheduled for completion by the end of 2025, the LLN is a key component of SIT’s Campus as a Living Lab (CaLL) initiative. It will be linked to over 20,000 Internet-of-Things (IoT) sensors, creating a connected environment for students, faculty, researchers, and industry partners to co-develop and test digital solutions. The LLN supports SIT’s commitment to Competency-Based Education (CBE), equipping students with practical skills aligned with industry needs.

The LLN also serves as a “testbed-as-a-service” for industry partners to validate new technologies. SIT President Professor Chua Kee Chaing stated, “The Living Lab Network will be a cornerstone of SIT’s applied learning and applied research ecosystem. It reflects our dedication to enhancing the learning experiences of our students by providing them access to campus-scale systems and the real-time data they generate.”

In collaboration with NEC Asia Pacific, SIT is developing the infrastructure for the LLN, ensuring it supports both talent development and applied research. The initiative exemplifies SIT’s focus on creating a future-ready, skills-based workforce, a core theme of the Applied Learning Conference 2025.
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Chilli Manis has swiftly climbed the ranks to become one of Singapore’s highest-rated food caterers, achieving a 4.8-star rating on Google from over 1,300 reviews. Founded in 2018, the company has been recognised for its authentic Peranakan flavours and exceptional hospitality. Managing Director Benjamin Seow attributes this success to the culinary wisdom of his mother, Serene Hoh, and a commitment to treating every guest like family.

The journey of Chilli Manis began as a niche Peranakan catering concept. Seow recalls, “We started from absolute zero. Everything—from menus to props—was built in-house.” Despite initial challenges, including the impact of COVID-19, the team used the downtime to enhance their skills and focus on delivering true Peranakan hospitality. This dedication paid off, with the brand being honoured as Singapore’s Most Popular Promising Brand at the Singapore Prestige Brand Awards in 2024.

In celebration of Singapore’s 60th National Day, Chilli Manis is offering two special promotions. Customers can enjoy 60% off their first order with a minimum spend of $600 (£600), valid until 21 August 2025. Additionally, six individuals born on 9 August will receive a complimentary buffet worth $660 (£660).

Chilli Manis continues to create memorable dining experiences, blending tradition with heartfelt service. As Seow reflects, “Our greatest reward isn’t the awards—it’s seeing first-time customers become regulars and regulars become like family.” For more information on their offerings, visit their website.
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Colliers, in collaboration with List Sotheby’s International Realty, has announced the exclusive marketing of two iconic freehold conservation shophouses located at 136 and 138 Neil Road in Singapore’s Tanjong Pagar district. Designed by the renowned architectural firm Swan & Maclaren, these properties offer a blend of historical significance and modern functionality, making them a coveted asset in the commercial real estate market.

The shophouses, completed in 1926, feature a distinctive ‘stripped Classical’ style with cantilevered bay windows and reinforced concrete balconies, characteristic of the Bukit Pasoh conservation area. Spanning approximately 11,441 square feet, the properties underwent a comprehensive restoration in 2014, which included structural reinforcements and modern safety upgrades, all whilst preserving their historical façade.

Strategically located within walking distance of Outram Park, Maxwell, and Tanjong Pagar MRT stations, the properties offer excellent connectivity and are near vibrant lifestyle and business destinations such as Keong Saik Road and Duxton Hill. This prime location enhances their appeal to both investors and occupiers seeking a legacy-grade asset with potential for long-term capital appreciation and stable rental yields.

Expressions of Interest for this rare investment opportunity are invited by 25 July 2025. The offering underscores the limited availability of freehold commercial properties within conservation zones in Singapore, making it a significant opportunity for discerning investors.
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