Regional News

Aster Chemicals and Energy Pte Ltd has signed an agreement with PCS Pte Ltd to acquire PCS’s entire 50% interest in a Condensate Splitter Unit (CSU) and associated assets, located within the Singapore Essential Chemicals Complex on Jurong Island. This strategic acquisition grants Aster full ownership of the facility, which includes key infrastructure such as a floating roof crude tank and advanced mixing and sampling features.

The acquisition is set to significantly enhance Aster’s operational capabilities. Once the CSU is revitalised, Aster’s total capacity will increase from 237,000 barrels per day to over 300,000 barrels per day. This expansion will allow for deeper integration with Aster’s existing refining and petrochemical assets, optimising feedstock and increasing throughput to meet growing regional demand.

Erwin Ciputra, Group CEO of Aster, stated, “This strategic move augments our commitment to create a compelling value chain of our capabilities and infrastructure in Singapore. This upgrade will enhance feedstock optimisation, reduce downtime, with greater operational flexibility and increased throughput capacity to meet growing regional demand.”

The agreement also opens avenues for future collaboration between PCS and Aster, particularly in naphtha procurement via existing pipeline infrastructure. This collaboration aims to strengthen the value chain and unlock synergies in sourcing, processing, and downstream integration.

Aster, a joint venture led by Chandra Asri and Glencore, is a prominent provider of energy, chemical, and infrastructure solutions in Southeast Asia. The company continues to expand its asset base, which includes significant facilities in Singapore and Indonesia.
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Singapore has taken a significant step forward in mobile connectivity by fully embracing 5G Standalone (SA) networks, according to a new insight from Opensignal. Unlike the 5G Non-Standalone (NSA) networks, which still depend on 4G infrastructure, 5G SA operates on a dedicated 5G core, offering faster speeds, ultra-low latency, and advanced capabilities such as network slicing.

Opensignal’s report highlights that Singtel is leading the charge, providing the fastest 5G SA download speeds and the best gaming experience in Singapore. The report also notes that users generally experience faster average download speeds and smoother gaming on 5G SA compared to NSA.

The 3.5GHz band is the primary spectrum for 5G SA in Singapore, with the 2.1GHz band following closely. Singtel distinguishes itself further by utilising the 700MHz band to enhance 5G+ coverage. With nearly complete 5G coverage across the island, Singaporean operators are now focusing on developing 5G SA and 5G-Advanced solutions.

In 2022, Singapore became the first country to extend 5G SA to its maritime sector, reinforcing its position as a leader in high-performance 5G rollouts. This move not only supports the critical maritime industry but also sets a precedent for other nations aiming to enhance their mobile networks.

As Singapore continues to innovate in the realm of 5G technology, it remains a global exemplar for high-performance network deployment in densely populated urban areas.
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Singapore Airlines (SIA) Group has announced a 3.1% year-on-year increase in passenger traffic for May 2025, surpassing the 2.8% rise in passenger capacity. This resulted in a slight uptick in the passenger load factor to 86.4%. The combined efforts of SIA and its low-cost subsidiary, Scoot, led to the transportation of 3.4 million passengers, marking a 6.3% increase compared to the previous year.

The group’s cargo operations also experienced growth, with cargo loads rising by 4.2% year-on-year. This increase outpaced the 2.9% expansion in cargo capacity, resulting in a cargo load factor of 57.2%, up by 0.7 percentage points. The rise in cargo demand was attributed to front-loading activities amidst growing uncertainties in the global trade environment.

SIA’s network at the end of May 2025 spanned 128 destinations across 36 countries and territories, with the airline itself serving 78 destinations. Scoot, on the other hand, covered 72 destinations. The cargo network extended to 132 destinations in 37 countries and territories.

The results highlight SIA Group’s resilience and adaptability in a challenging global market, as it continues to expand its reach and improve its operational efficiency.
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Singapore’s non-oil domestic exports experienced a 3.5% decline in May 2025 compared to the same month last year, according to the latest figures released by the Department of Statistics.

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Aslan Energy Capital, a Singapore-based clean energy infrastructure developer, has signed a Heads of Agreement with Jakarta Industrial Estate Pulogadung (JIEP) to establish the Aslan Jakarta Data Centre (AJDC) in East Jakarta. This state-of-the-art 40-megawatt hyperscale colocation facility will be powered entirely by certified renewable energy and is set to be operational by Q4 2027.

Strategically located within the JIEP industrial zone, the AJDC will occupy a 40,000 m² site and accommodate up to 7,000 server racks. The facility will incorporate a 120 MWh Battery Energy Storage System, ensuring maximum uptime and operational resilience. The data centre will draw its primary power from renewable sources through the JIEP collaboration, highlighting a commitment to sustainable energy and climate-aligned growth.

Dr Muthu Chezhian, CEO of Aslan Energy Capital, stated, “This partnership reflects our shared vision to power the digital future with clean, reliable, and scalable infrastructure that respects environmental limits whilst enabling economic transformation.”

The AJDC will feature a two-storey vertical structure using modular and prefabricated components for rapid deployment. With 40% of the land dedicated to built infrastructure and 60% preserved as a natural corridor, the centre is designed to be environmentally friendly. It will also utilise hybrid air-cooled heat exchangers, significantly reducing water usage.

Satrio Witjaksono, President Director of JIEP, commented, “We are proud to collaborate with Aslan Energy Capital to introduce a new model for sustainable data infrastructure within Indonesia’s most strategic industrial estate.”

This project aligns with Indonesia’s national roadmap for sustainability, digitalisation, and green economy leadership, setting new environmental standards for data infrastructure.
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Singapore’s export growth is predicted to decelerate in the second half of 2025, following a 25% year-on-year surge in April, according to the Institute of Chartered Accountants in England and Wales (ICAEW). The slowdown comes as the initial boost from front-loading exports to the US wanes. Despite having the lowest US tariffs among ASEAN economies at 10%, Singapore remains highly susceptible to reduced US demand, with over 6% of its GDP tied to exports to the US.

Exports are crucial to Singapore, comprising 124% of its GDP. The anticipated global export downturn is already impacting the local economy, as evidenced by declining employment growth in export-reliant sectors like professional services, manufacturing, and information and communications in Q1.

However, Singapore’s fiscal and monetary strategies, including CDC vouchers and LifeSG credits from Budget 2025, are expected to bolster domestic consumption and business support. Additionally, favourable inflation trends, with both headline and core inflation projected to average below 1% in 2025, could enhance real incomes. This scenario may allow the Monetary Authority of Singapore to ease the Singapore dollar’s exchange rate slope further.

Despite these challenges, the ICAEW report suggests that recession risks are low, buoyed by the recent surge in goods exports and strategic shipment rerouting to the US. Singapore’s GDP growth is forecasted to slow to 1.8% in 2025, down from 4.4% in 2024. The report also highlights regional economic insights, noting Malaysia’s proactive monetary policy and China’s tariff-related uncertainties.
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Digital travel platform Agoda has unveiled a curated list of Asia’s most rejuvenating wellness destinations, catering to travellers seeking holistic health-centred experiences. As wellness travel gains popularity, these destinations offer a blend of relaxation and health benefits, from thermal baths to yoga retreats.

Kovalam in India, known for its Ayurvedic resorts, offers personalised treatments and yoga sessions. Gangwondo in South Korea, recently recognised as an Outstanding Wellness Tourism Site, provides forest bathing and traditional Korean spa rituals. Japan’s Beppu, the Hot Spring Capital, boasts over 2,000 thermal baths for a unique wellness retreat.

Chiang Rai in Thailand offers meditation retreats amidst serene mountain landscapes, whilst Coron in the Philippines combines therapeutic hot springs with spa treatments and outdoor activities. Da Lat in Vietnam, with its cool climate, provides organic meals and spa treatments inspired by Vietnamese traditions. Jiaoxi in Taiwan and Ipoh in Malaysia are also highlighted for their natural hot springs and wellness amenities.

Andrew Smith, Senior Vice President at Agoda, stated, “Wellness travel is all about finding balance, and Asia offers some of the most unique and rejuvenating experiences in the world.” Agoda’s platform, with over 5 million holiday properties and 300,000 activities, aids travellers in planning their wellness escapes. For more inspiration, visit Agoda’s wellness travel page or the Agoda mobile app.
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Hasten Biopharmaceutical Co. Ltd. has successfully completed Market Authorisation Transfers (MAT) for 11 pharmaceutical products across key Asia-Pacific markets, including Malaysia, Singapore, and Hong Kong.

This strategic move, executed by Hasten Biopharmaceutics Asia Co. Ltd. in the first half of 2025, aims to strengthen Hasten’s regional expansion and commitment to providing high-quality healthcare solutions.

The transferred products, which are well-established in treating chronic diseases such as cardiovascular conditions and diabetes, include Actos, Actosmet, Blopress, and Nesina, among others. Hasten plans to leverage its expertise in regulatory filing, manufacturing transfer, and marketing strategies to support its global biopharmaceutical partners in achieving their Asia-Pacific goals.

Honggang Feng, Chairman and CEO of Hasten, highlighted the significance of this achievement, stating, “The successful MAT transfers of multiple chronic disease products have significantly expanded Hasten’s portfolio in the Asia-Pacific region. This marks a key milestone in our globalisation journey and reinforces our commitments to delivering high-quality medicines.”

Peggy Fung, Vice President and Head of Asia-Pacific Commercial at Hasten, added, “Achieving MAT transfers across multiple markets in such a short time demonstrates Hasten’s strong alignment with international standards in areas such as regulatory supply chain, quality control, and commercialisation management.”

Hasten, established in 2020, continues to focus on high-demand therapeutics and aims to expand its product pipeline across Asia-Pacific. The company is committed to creating a healthcare ecosystem that benefits patients worldwide, supported by a dedicated regional team and strategic partnerships.
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Chongqing Week in Singapore, held from 11 to 13 June at Ngee Ann City on Orchard Road, marked the 35th anniversary of diplomatic ties between China and Singapore. The event highlighted the cultural richness of Chongqing through intangible cultural heritage markets and artistic performances, celebrating the 10th anniversary of the China-Singapore Chongqing Strategic Interconnection Demonstration Project.

The festivities began with an Erhu solo by national first-class performer Liu Guangyu, followed by the Miao ethnic dance, “Miao Village Waiting for You,” showcasing the vibrant cultural traditions of the BaYu region. A guqin solo, “Feigned Drunkenness,” further enriched the event, offering a melodious journey through Chongqing’s thousand-year cultural heritage.

The BaYu Intangible Cultural Heritage Creative Market was a focal point, featuring exhibitions such as “Han Style Legacy” and “Mountain City Craftsmanship.” The market displayed 468 items across 185 subcategories, including creative products, accessories, and clothing, blending Chongqing’s historical essence with modern cultural innovation.

Visitors, like Marian from Nanyang Technological University, were captivated by the interactive experiences, such as creating Rongchang pottery. “The feeling of touching the culture with my own hands is truly special,” she remarked, expressing a newfound yearning for Chongqing.

The event successfully integrated cultural tourism with modern life, breathing new vitality into ancient craftsmanship and enhancing the cultural exchange between China and Singapore.
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The Singapore Armed Forces Volunteer Corps (SAFVC) celebrated its 10th anniversary with a commemorative parade at Maju Camp today. The event saw 44 SAFVC Volunteers (SVs) receiving their formation patches, marking the completion of their two-week Basic Training course. Additionally, 65 SVs were promoted in recognition of their dedication to supporting SAF operations and training during their deployments.

The parade also featured the unveiling of the SAFVC creed and the symbolic handover of the SAFVC flag from a senior SV to a member of the graduating cohort. This gesture represents the transfer of the SAFVC’s mission and values to the next generation of volunteers. The newly graduated and promoted SVs are expected to undertake more challenging deployment roles as they continue to enhance their skills and knowledge.

Minister of State for Defence Desmond Choo, who was the Guest of Honour, highlighted the significant contributions of the SVs over the past decade. “Over the last 10 years, 1,500 people have come through the ranks, and we are very happy to see how they have contributed to building up a strong SAF,” he stated. Choo also expressed gratitude to the families, partners, and employers who support the volunteers.

Colonel Soliano Paulinhno Enrique Tan, Commander of SAFVC, addressed the volunteers, acknowledging their role in strengthening Singapore’s national defence and spirit. He remarked, “Whether you are just beginning your journey, actively serving, or have already completed your service, you are part of a legacy that inspires others to follow.”

As the SAFVC looks to the future, the commitment of its volunteers remains crucial in maintaining Singapore’s peace and security amidst an increasingly complex geopolitical landscape.
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