Industry News

Singapore has unveiled key insights from its Global AI Assurance Pilot, a pioneering initiative aimed at establishing norms and best practices for the technical testing of Generative AI (GenAI) applications. Announced at the ATxSummit 2025 by Senior Minister of State for Digital Development and Information, Tan Kiat How, the initiative positions Singapore at the forefront of AI safety and responsible adoption.

The pilot, launched in February 2025 by the AI Verify Foundation and the Infocomm Media Development Authority (IMDA), paired 16 specialist AI testers with 17 GenAI deployers across 10 industries, including finance, healthcare, and public sectors. A significant finding was the context-dependent nature of GenAI risks, which vary by industry, use case, and culture. The pilot recommends involving subject matter experts throughout the application lifecycle to mitigate these risks.

In conjunction with the pilot, IMDA announced the development of the world’s first Testing Starter Kit for GenAI applications. This kit provides practical guidance for businesses on testing GenAI applications, addressing common risks such as hallucination, undesirable content, and data disclosure. IMDA is seeking industry feedback on the kit, which will evolve to address emerging risks.

Additionally, AI Singapore (AISG) will partner with the UN Development Programme to enhance AI literacy in six pilot countries, expanding the successful AI for Good programme. The AI Student Developer Conference, led by AISG, also highlighted Singapore’s commitment to fostering AI talent, featuring a regional challenge with students from six ASEAN countries.

These initiatives underscore Singapore’s dedication to harnessing AI for public good, promoting economic potential, and enhancing social impact globally.
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Huttons Asia has shared insights on two Government Land Sales (GLS) sites at Hougang Central and Sembawang Road, highlighting their potential to attract significant developer interest. According to Huttons Asia’s CEO, Mark Yip, the Hougang Central site is poised to become the first major mall serving the Hougang estate, offering a fully integrated mixed-use development above an MRT interchange. This site is expected to draw joint ventures due to its large gross floor area of over 1 million square feet, with anticipated bids ranging between $800 and $900 per square foot per plot ratio (psf ppr).

The Hougang Central site is expected to sell well upon launch, similar to the PARKTOWN Residence, which sold more than 87% of its 1,193 units during its launch weekend in February 2025. However, the complexity and scale of the development may limit the number of bidders to three.

Meanwhile, the Sembawang Road site, located in a private residential enclave, is notable for its proximity to Canberra MRT station, just 500 metres away. This is a rarity for Executive Condominium (EC) projects, with only eight out of 71 completed EC projects in Singapore being within such a distance from an MRT station. The last EC land parcel in Sembawang was sold in 2019, and recent EC launches have seen strong demand, such as the Aurelle of Tampines, which sold out in a month. The Sembawang site is expected to attract up to eight bidders, with top bids ranging from $600 to $700 psf ppr.

These developments are set to meet the upgrading demand from over 3,000 flats in the North that have recently fulfilled their five-year Minimum Occupation Period (MOP).
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Singapore-based Agoda has unveiled its list of Asia’s top destinations for slow travel, with Rayong, Thailand, emerging as the leading choice for those seeking to extend their stays and immerse themselves in local culture. The announcement, made on 29 May 2025, highlights a growing trend among travellers who prefer longer, more leisurely visits to fully experience a destination’s charm.

Agoda’s data, collected from bookings between January and March 2025, indicates that slow travellers are opting for extended stays in nine key Asian locations. These include Kalegowa in Indonesia, Seoul in South Korea, Tokyo in Japan, Nha Trang in Vietnam, Boracay Island in the Philippines, Taipei in Taiwan, Kuala Lumpur in Malaysia, and Chennai in India. Each destination offers a unique blend of tranquil beaches and vibrant city life, catering to those who wish to take their time exploring.

Andrew Smith, Senior Vice President of Supply at Agoda, commented on the trend, stating, “In a world that often feels rushed, slow travel has become more than just a trend—it’s a mindset that allows travellers to truly connect with the places they visit.” He emphasised Agoda’s commitment to supporting this travel approach by providing the best deals on accommodation and activities.

With over 5 million holiday properties, 130,000 flight routes, and 300,000 activities available, Agoda aims to make planning a slow travel adventure simple and accessible. Travellers can visit Agoda’s website or download their mobile app to start planning a leisurely getaway.
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The Singapore Department of Statistics has reported a mixed performance in the country’s price indices for April 2025.

The Import, Export, and Domestic Supply Price indices experienced declines of 1.4%, 1.2%, and 0.8% respectively compared to March 2025. In contrast, the Singapore Manufactured Products Price Index saw a modest increase of 0.5%.

Excluding oil, the data presents a slightly different picture. The Export, Singapore Manufactured Products, and Domestic Supply Price indices rose by 0.2%, 1.5%, and 1.1% respectively, whilst the Import Price Index remained unchanged.

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A remarkable collection of 36 watercolour paintings from the William Farquhar Collection of Natural History Drawings has made its debut at the Australian Museum in Sydney. This exhibition, titled “Tails from the Coasts: Nature Stories of Singapore,” celebrates the 60th anniversary of diplomatic relations between Singapore and Australia. The exhibition, which runs from 10 May to 7 September 2025, marks the first time these treasured artworks have left Singapore.

The exhibition showcases the biodiversity of Singapore through exquisite 200-year-old paintings, featuring unique species such as the binturong, winghead shark, and slow loris. Kim McKay, Director and CEO of the Australian Museum, expressed gratitude to the National Museum of Singapore for entrusting them with the collection, highlighting its significance as a National Treasure. “These paintings are at once unique and familiar, featuring remarkable mammals, reptiles, and stunning botanicals,” McKay noted.

Chung May Khuen, Director of the National Museum of Singapore, emphasised the exhibition’s role in fostering collaboration and connection between the two museums. “The exhibition is an opportune collaboration to commemorate relations between both countries through the lens of animals and geographies that connect us,” she said.

Following its stint in Sydney, the exhibition will travel to the Adelaide Botanic Garden from 4 October 2025 to 1 February 2026. Visitors can also explore the collection digitally on Singapore’s Roots.sg portal. This exhibition not only celebrates artistic and scientific heritage but also aims to spark discussions on environmental and animal conservation.
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Singapore-headquartered Agoda, a leading digital travel platform, has partnered with Tourism Malaysia to enhance Malaysia’s global tourism appeal in preparation for Visit Malaysia 2026. This strategic collaboration, announced on 29 May 2025, will leverage Agoda’s digital capabilities to showcase Malaysia’s diverse attractions to a worldwide audience.

The two-year Memorandum of Collaboration (MOC) between Agoda and Tourism Malaysia will see the launch of targeted digital campaigns. These initiatives are designed to provide travellers with comprehensive insights into Malaysia’s rich cultural heritage, natural landscapes, and urban experiences. Agoda will utilise its digital platform and social media channels to highlight Malaysia’s unique offerings, from culinary delights to scenic wonders.

Fabian Teja, Country Director for Malaysia at Agoda, stated, “This partnership underscores Agoda’s dedication to connecting Malaysia with travellers worldwide through our innovative technology and engaging content.” Meanwhile, Datuk Manoharan Periasamy, Director-General of Tourism Malaysia, emphasised the importance of digitalisation in their strategy, saying, “We value our partnership with Agoda to leverage its industry expertise and innovative travel promotion strategies.”

The collaboration aims to support Tourism Malaysia’s goal of attracting 45 million international visitors this year. Both parties are committed to sharing best practices and insights through joint workshops focusing on traveller behaviour and sustainable tourism development. This partnership not only aims to make Visit Malaysia 2026 a success but also serves as a catalyst for the growth of Malaysia’s tourism industry.
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Thomson Medical Singapore has partnered with OncoCare to launch the Thomson OncoCare Cancer Centre, a new facility at Thomson Medical Centre, to provide advanced cancer care. This collaboration marks a significant expansion in Thomson Medical’s strategy to offer comprehensive, family-focused healthcare services. The centre will be led by four senior oncologists, offering personalised treatment for various cancers, including rare types.

The partnership reflects Thomson Medical’s commitment to integrating specialist care across its services, traditionally known for women’s health, obstetrics, and paediatrics. The new centre will provide a full spectrum of cancer care services, including medical oncology consultations, chemotherapy, and genetic counselling. Patients will benefit from a multidisciplinary approach, ensuring a supportive environment for families.

Dr Melvin Heng, Group CEO of Thomson Medical Group, emphasised the collaborative nature of modern healthcare, stating, “This is what the future of healthcare looks like—collaborative, connected, and patient-centric.” The partnership with OncoCare, which also extends to Malaysia, aims to bridge gaps in early detection and treatment, addressing the growing cancer concerns in Singapore.

The centre is set to open to patients in July 2025, with plans to enhance services and explore digital solutions for improved patient care. This initiative is part of Thomson Medical’s broader strategy to expand its specialties, ensuring patients receive world-class care under one roof. The collaboration with OncoCare is expected to elevate the standard of cancer care in the region, making it more accessible and coordinated.
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Amazon Web Services (AWS) has unveiled a series of groundbreaking AI-driven solutions at the AWS Summit Singapore 2025, showcasing collaborations with various partners to enhance operational efficiency and customer experiences. These initiatives highlight the transformative potential of AWS technologies across multiple sectors.

The National Institute of Education (NIE) has partnered with AWS to launch the Technology for Education Centre, an innovation hub aimed at advancing educational technology. This three-year collaboration will empower educators and students to develop prototypes that address real-world challenges, enhancing skills in cloud computing and AI.

In the insurtech sector, bolttech is leveraging AWS’s generative AI solutions to enhance its customer service platforms. The Singapore-based company has developed the “bolttech GenAI Factory” using Amazon Bedrock, which integrates advanced speech capabilities into chatbots, offering personalised, multilingual customer interactions. This initiative aims to streamline operations and reduce costs.

Meanwhile, SaladStop!, a Singaporean restaurant chain, has introduced a generative AI assistant to provide personalised nutrition advice and meal recommendations. Supported by the Infocomm Media Development Authority’s GenAI x Digital Leaders Initiative, this tool is expected to boost customer retention and potentially double online orders.

Razer, a global lifestyle brand for gamers, is set to launch AI-powered game development tools on AWS. These tools, including the Razer Game Assistant and QA Companion, are designed to accelerate game development by providing real-time expert advice and automating quality assurance processes.

The AWS AI Spring Singapore programme continues to make strides in AI adoption, with initiatives to train 5,000 individuals annually in AI skills and collaborations with public sector entities like Synapxe. The programme also supports the incubation of 40 generative AI startups across ASEAN, including 12 from Singapore.

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bolttech, a Singapore-based insurtech company, has unveiled its new AI-driven customer service solutions at the AWS Summit Singapore 2025. The initiative, known as the “bolttech GenAI Factory,” is built on Amazon Bedrock and aims to enhance operational efficiency and customer experiences whilst reducing costs. By leveraging AWS’s infrastructure, bolttech plans to improve prediction, prevention, and recovery in its insurance offerings.

The company’s AI solutions will enhance risk assessment, offer personalised insurance products, and implement early warning systems for potential threats. Additionally, AI-powered chatbots and virtual assistants will expedite claims processing, providing instant support to policyholders.

The summit also highlighted other significant collaborations. The National Institute of Education (NIE) and AWS have signed a three-year Memorandum of Understanding to launch the Technology for Education Centre, aiming to drive digital transformation in education. This partnership will empower educators and students to innovate and address real-world issues using cloud computing and AI.

SaladStop!, a Singapore-based restaurant chain, has also embraced AI by developing a Gen AI assistant for personalised nutrition recommendations. Supported by the Infocomm Media Development Authority’s GenAI x Digital Leaders Initiative, this move is expected to enhance customer retention and potentially double online orders.

Razer, a global lifestyle brand for gamers, announced its upcoming AI-powered Game Assistant and Quality Assurance Companion, designed to revolutionise game development using AWS’s cloud infrastructure.

These initiatives underscore AWS’s commitment to advancing AI adoption in Singapore, with plans to train 5,000 individuals annually in AI skills from 2024 to 2026. The AWS AI Spring Singapore programme continues to support businesses and nurture local talent, fostering a robust AI ecosystem in the region.
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Singlife, a leading financial services company in Singapore, has launched a pioneering travel insurance benefit that provides a payout for injuries caused by flight turbulence. This new feature, available at no extra cost, offers up to $730 (S$1,000) for turbulence-related injuries both in Singapore and abroad, supplementing existing medical coverage in its travel insurance plans.

Helen Shen, Group Head of Products at Singlife, highlighted the increasing unpredictability of travel due to climate change, which has led to more frequent turbulence and disruptive weather patterns. “Singlife believes in the constant need to innovate and stay abreast of developments,” she stated, emphasising the company’s commitment to comprehensive coverage.

In addition to the turbulence injury benefit, Singlife has introduced several enhancements to its travel insurance offerings. These include an optional add-on for pre-existing medical conditions, providing coverage for overseas medical treatment and emergency evacuation. Singlife also offers exclusive rainfall protection, with payouts of up to $110 (S$150) for trips disrupted by heavy rainfall, and unlimited coverage for overseas medical claims under its Travel Prestige plan.

Singlife’s Travel Plus and Prestige plans further protect policyholders against trip cancellations for any reason, including non-refundable bookings. They also cover lost loyalty points and offer optional add-ons for specialised travel plans, such as golf holidays and overseas weddings.

These enhancements position Singlife’s travel insurance as one of the most comprehensive options available, ensuring travellers have peace of mind amidst the uncertainties of modern travel.
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