Industry News

WiseStella, a Singapore-based maritime learning provider, has launched a groundbreaking crew wellbeing assessment tool designed to address the growing mental and physical health challenges faced by seafarers.

The Wise WellBeing module, developed in collaboration with human resources experts and psychologists, aims to enhance seafarer safety, contentment, and retention by tackling issues such as workplace harassment, bullying, stress, and fatigue.

Seafarers often work in isolated environments with limited access to mental health support, according to WiseStella’s CEO, Ferhat Abul. “Many seafarers are reluctant to speak out about their struggles, particularly in cases of bullying and harassment,” he said. The new tool provides an anonymous platform for seafarers to voice their concerns, allowing shipping companies to take appropriate action.

Unlike existing indices, the Wise WellBeing module is designed for direct use by shipping companies, offering precise data tailored to their specific workplace conditions. Through an interactive digital survey, it measures the physical, mental, social, and intellectual health of a company’s workforce. This enables HR teams to identify problem areas and implement targeted training and resources.

Dr Rafet Emek Kurt, WiseStella Board Advisor, highlighted the prevalence of bullying and harassment at sea, noting that the hierarchical nature of the maritime sector often hinders victims from reporting misconduct. The module aims to integrate anonymous wellbeing assessments into safety management systems, promoting a safer and more inclusive industry.

The Wise WellBeing module is now available to shipping companies worldwide, with future developments set to include direct access to mental health professionals and personalised wellbeing recommendations.

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UOB’s Business Outlook Study 2025, conducted in January, surveyed 900 businesses across Singapore, revealing that more than 80% of companies have applied or intend to apply for initiatives from Budget 2024.

The study highlights the ongoing challenges and expectations businesses have for the upcoming Budget 2025, particularly in managing high costs and inflation.

The survey found that the SkillsFuture Enterprise Credit and Progressive Wage Credit are the most recognised initiatives, with 29% and 21% awareness, respectively. However, 17% of businesses have not engaged with any Budget 2024 initiatives, citing uncertainty about relevance and the time-consuming nature of applications as primary barriers.

Businesses are keenly anticipating Budget 2025, with half seeking support to combat inflation. They are also looking for measures to aid digital adoption, sustainability projects, and export opportunities. UOB’s Head of Group Commercial Banking, Eric Lian, noted, “About one in two businesses are still hoping that Budget 2025 will bring support measures to cope with high costs.”

Business sentiment remains positive, with over 80% of respondents expressing optimism, a significant increase from previous years. Despite this, high inflation remains a concern for 31% of businesses, although this is a decrease from 37% last year.

Sustainability practices are gaining traction, with 48% of companies focusing on resource efficiency and 40% on energy-efficient technologies. However, cost concerns and insufficient knowledge remain significant hurdles.

As Singapore prepares for Budget 2025, the findings underscore the critical role of government initiatives in supporting businesses through economic challenges and fostering growth.

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A.P. Moller – Maersk, a leading integrated logistics company, and Castlery, a Singapore-founded international furniture brand, have entered into a 10-year agreement to provide ocean and integrated logistics services. This strategic partnership aims to bolster Castlery’s global expansion efforts by ensuring efficient and sustainable supply chain operations.

The collaboration will see Maersk offering end-to-end logistics solutions, including ocean freight, intermodal transportation, and distribution, alongside strategically located warehousing. This comprehensive service is designed to enhance supply chain resilience and efficiency, crucial in today’s unpredictable global market. Declan Ee, Co-founder of Castlery, emphasised the importance of this partnership, stating, “Scaling a brand globally requires more than just great products – it demands a logistics network that is agile, efficient, and future-ready.”

The partnership builds on years of collaboration between the two companies, with Maersk’s solutions already optimising Castlery’s supply chain operations. The introduction of Maersk’s new network under the Gemini Cooperation is expected to further improve delivery lead times and cost efficiencies for Castlery. Elaine Low, Area Managing Director for Southeast Asia at Maersk, expressed enthusiasm for the continued partnership, highlighting its role in supporting Castlery’s growth ambitions worldwide.

Sustainability is also a shared focus, with Castlery leveraging Maersk’s Eco Delivery solutions to reduce carbon emissions through ocean freight and electric lorries. This aligns with Maersk’s broader goal of achieving net zero emissions by 2040.

As Castlery continues to expand into new markets, this partnership with Maersk is set to play a pivotal role in delivering high-quality furniture to customers globally, ensuring a seamless and sustainable supply chain.

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Starting 20 March 2025, Jetstar Asia will offer direct flights from Singapore to Labuan Bajo, Indonesia, providing a convenient travel option for those seeking to explore the UNESCO-listed Komodo National Park. The flights, operating twice weekly, will take approximately three hours, making the remote destination more accessible to Singaporean travellers.

Labuan Bajo, known for its pristine beaches, world-class diving, and the unique opportunity to see Komodo dragons in their natural habitat, is gaining popularity among those looking for off-the-beaten-path destinations. The new flight route aligns with a growing trend among travellers seeking unique and less crowded locations.

Adding to the allure of Labuan Bajo is the newly opened TA’AKTANA, a Luxury Collection Resort & Spa by Marriott International. This resort, the first of its kind in the area, offers a blend of luxury, culture, and adventure. Inspired by traditional Indonesian architecture, the resort features five dining venues, including Umasa, which serves farm-to-table Indonesian cuisine, and Taba, known for contemporary Japanese dishes. Guests can also enjoy innovative cocktails at the overwater bar, Maiga!, and rejuvenating treatments at Di’a Spa.

With the introduction of these direct flights, Labuan Bajo is set to become a prime destination for those seeking both cultural and natural experiences. The enhanced accessibility is expected to attract more visitors from Singapore, eager to explore the hidden gems of Indonesia.

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Singapore’s economy demonstrated robust growth in the fourth quarter of 2024, expanding by 5% compared to the same period last year.

This performance aligns with the nation’s steady recovery trajectory, as outlined in the latest report released by the Department of Statistics Singapore.

Despite the strong finish to 2024, the GDP growth forecast for 2025 remains conservative, projected to be between 1% and 3%.

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Rear Admiral (RADM) Garin Golding, Chief of the Royal New Zealand Navy (RNZN), is currently on an introductory visit to Singapore from 11 to 13 February 2025.

During his visit, RADM Golding met with Singapore’s Minister for Defence, Dr Ng Eng Hen, at the Ministry of Defence (MINDEF), and also called on Vice Admiral Aaron Beng, Chief of Defence Force, and RADM Sean Wat, Chief of Navy.

The visit included an inspection of the Guard of Honour at MINDEF and a tour of the RSS Tenacious, a Formidable-class frigate, at RSS Singapura – Changi Naval Base.

This visit coincides with the 60th anniversary of diplomatic relations between Singapore and New Zealand, highlighting the enduring defence partnership between the two nations.

The Royal Singapore Navy (RSN) and RNZN maintain a robust relationship through regular professional exchanges, visits, and participation in joint exercises such as the bilateral Exercise Lion Zeal.

They also engage in multilateral exercises under frameworks like the Five Power Defence Arrangements, the ASEAN Defence Ministers’ Meeting-Plus, and the Western Pacific Naval Symposium.

These interactions have been pivotal in enhancing mutual trust and interoperability between the navies, fostering professional rapport and ties among their personnel. RADM Golding’s visit underscores the commitment of both nations to continue strengthening their defence collaboration, ensuring regional stability and security.

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Tetr College of Business has announced a S$10m scholarship fund aimed at supporting aspiring entrepreneurs worldwide.

The initiative, which includes a S$1m allocation specifically for Singaporean students, seeks to provide access to Tetr’s innovative global business and technology programmes. The college, known for its practical and industry-focused education, aims to nurture future business leaders by offering them opportunities to learn and build businesses across diverse international markets.

The scholarship fund is part of Tetr’s commitment to redefining entrepreneurial education. Students enrolled in Tetr’s programmes will have the chance to study in seven different countries, gaining insights from globally renowned institutions and industry leaders. The curriculum includes hands-on learning experiences, such as launching real businesses and engaging in cultural exchanges. In the first semester, students in Dubai launched 23 dropshipping businesses, earning over S$138,000 collectively.

Pratham Mittal, Founder of Tetr, expressed enthusiasm for the new scholarship, stating, “We are thrilled to announce the dedicated scholarship fund for Singapore for our Class of 2029. This scholarship fund is more than financial support—it is an investment in the boundless potential of Singaporean talent to shape global business landscapes and redefine entrepreneurial excellence.”

The programme’s success is highlighted by the diverse backgrounds of its students, including TEDx speakers and national-level athletes. Jerome Tan, a Singaporean student from the Class of 2028, shared his positive experience, noting the programme’s impact on his entrepreneurial journey.

Applications for the scholarship are now open on the Tetr website, with an aptitude test and interview process for shortlisted candidates.

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Porsche Singapore marked the arrival of the new 911 Carrera with a love-themed event at the Helutrans gallery in Tanjong Pagar Distripark on Valentine’s Day. Over 200 Porsche enthusiasts gathered to witness the unveiling of the 992.2-generation 911, amidst a backdrop of interactive activities and artistic displays.

The event featured Porsche’s commissioned artwork, “The Red Thread: Past, Present, Future” by Red Hong Yi, and allowed guests to create personalised 911-themed posters. Attendees also enjoyed poetry penned by local literary figures, adding a romantic touch to the evening. The highlight was the presentation of the new 911 Carrera, accompanied by a gourmet feast.

Dr. Henrik Dreier, Director Singapore Importer, Porsche Asia Pacific, praised the 911’s legacy, stating, “The 911 earns the title ‘The One and Always’ for its inimitable blend of heritage, innovation, driving dynamics and everyday usability.”

The new 911 Carrera boasts a revised twin-turbo 3.0-litre boxer engine, delivering 290 kW (394 PS) and 450 Nm of torque. It accelerates from 0 to 100 km/h in 4.1 seconds, or 3.9 seconds with the Sport Chrono package, and reaches a top speed of 294 km/h. The exterior features aerodynamic enhancements, including Matrix LED headlights and an optional Aerokit.

Inside, the 911 offers a fully digital cockpit with a 12.6-inch curved display and enhanced connectivity options, such as wireless smartphone charging and integrated Apple CarPlay®. The 911 range is now available in Singapore, starting at SGD 569,268, excluding COE.

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Ednovation, a leader in early childhood education with over 70 preschools across Singapore, China, and ASEAN, is pioneering the integration of artificial intelligence (AI) to complement traditional teaching methods.

By incorporating AI-driven programmes in its preschools, including ChildFirst and Cambridge, Ednovation aims to reduce the need for external tuition, a common practice in Singapore’s education culture.

The company’s flagship AI Chinese programme is revolutionising language education. Utilising advanced algorithms, interactive games, and spaced repetition techniques, the programme enables six-year-olds to learn 300 Chinese characters in just 18 months with less than an hour of screen time per week. This approach effectively combats the “forgetting curve” and ensures long-term retention, preparing students for Singapore’s Primary One textbooks.

In addition to language learning, Ednovation’s AI Maths and AI English programmes are broadening children’s exposure to essential skills. AI Maths enhances numeracy and logical reasoning through engaging tools, while AI English encourages creativity by allowing children to co-create stories with generative AI, complete with illustrations. These initiatives aim to nurture well-rounded learners ready for the digital future.

Ednovation also emphasises hands-on learning, with children as young as four participating in screen-free activities like coding and robotics. This balanced approach fosters teamwork, creativity, and problem-solving skills, ensuring a harmonious blend of technology and traditional learning.

Dr. Richard Yen, Founder and Managing Director of Ednovation, highlights the importance of this synergy, stating, “Our programmes align with Singapore’s national health promotion strategy, Grow Well SG, by turning screen time into a valuable learning experience.” As Ednovation continues to redefine screen use in education, it sets a precedent for integrating AI in early learning environments.

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OCBC Cycle, Singapore’s leading mass cycling event, is set to return for its 17th edition on 3 and 4 May 2025, aiming to attract 7,000 riders.

Online registration opens at noon on 14 February 2025, featuring a launch weekend promotion offering up to 35% off standard registration fees.

The event will include popular rides such as The Sportive Ride (40km), The Foldie Ride by Brompton (40km), and The Straits Times Ride (20km), with early registrants eligible for prizes including staycations and cycling gear.

This year’s event introduces several changes to cater to evolving cyclist preferences. The OCBC Cycle Speedway Open Championship will replace previous segmented categories, allowing teams of four cyclists to compete for a prize pool totalling S$6,000.

The Foldie Ride by Brompton will expand to accommodate 1,500 cyclists, up from 1,000 last year, due to high demand. Additionally, a new virtual ride will offer participants the chance to complete a round-island ride in Singapore, with only 100 exclusive slots available.

The event will also feature The Mighty Savers® Kids Ride, allowing young cyclists to finish their route at the National Stadium, mirroring the experience of adult participants. Ms Helen Wong, Group CEO of OCBC, highlighted the event’s role in promoting cycling as both a sport and a community activity, noting the growing interest in cycling with Singapore’s expanding network of cycling paths.

Participants who register early will have the chance to win limited-edition Disney-themed cycling T-shirts and Singapore Airlines tickets to destinations in Japan and London. The grand prize includes a cycling trip to London, featuring a tour of the Brompton factory.

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