Singapore’s Minister for Trade and Industry, Tan See Leng, delivered a keynote speech at the 9th Singapore Regional Business Forum on 19 August 2025 in Bangkok, Thailand. The event marked the 60th anniversary of diplomatic relations between Singapore and Thailand, with a focus on strengthening business resilience and seizing new opportunities. The forum highlighted the robust trade relationship between the two nations, with bilateral trade reaching over S$44b last year, a 6.4% increase from the previous year.
The partnership between Singapore and Thailand is not only reflected in trade figures but also in collaborative ventures. For instance, Keppel and BCPG Public Company Limited have developed a district cooling system for Bangkok’s Samyan Smart City. Additionally, Singapore-based CoNEX Healthcare’s AI-powered patient monitoring solution, PreSAGE, is being utilised in Thai hospitals to enhance elderly care.
The forum also addressed the challenges posed by geopolitical tensions, climate risks, and technological disruptions. Tan emphasised the importance of regional collaboration, particularly within ASEAN, which is projected to grow at 4.7% this year. ASEAN’s digital economy is expected to surpass $1t (US$1t) in gross transaction value by 2025, presenting significant opportunities for businesses.
Tan urged businesses to explore opportunities in trade, digital collaboration, and sustainability. Notably, Singapore tech start-up Voltality has partnered with Thailand’s WHA Group to expand electric vehicle infrastructure. Furthermore, Tan announced an upcoming Implementation Agreement with Thailand under the Paris Agreement, marking a significant milestone in bilateral climate cooperation.
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