Singapore Economic Development Board (EDB)

“The timeline for climate action is set by nature, not geopolitical developments.”As Minister Tan See Leng said at #MTICOS2025 recently, Singapore remains committed to pursuing #decarbonisation and achieving net zero by 2050. In Q1 2025, we updated our emissions targets, detailed how we will meet our climate commitments, and rolled out new measures for carbon capture and storage, and energy efficiency. The Future Energy Fund, which supports infrastructure investments for Singapore’s energy transition – including exploring hydrogen and nuclear power - will get a S$5b top-up to S$10b. Singapore’s national space office Office for Space Technology & Industry, Singapore (OSTIn) launched its new Earth Observation Initiative to use satellite technology for environmental monitoring, while Honeywell announced a new Centre of Excellence that will use AI to reduce commercial building carbon emissions. Read EDB’s latest #Sustainability Quarterly for more.

In tackling large or complex health challenges, public-private partnerships are key. Heart health is one such public health concern – around 32 million people in Asia suffer from heart failure annually, with cardiovascular disease being the number one cause of death. At a recent roundtable organised by Novartis Foundation in partnership with EDB, speakers from Novartis, ASK Health Asia and Advancing Equity in Health (aEQ) shared their experience and insights in fostering ecosystem collaborations for improving heart health. In #Singapore, the Novartis Foundation is partnering with the Cardiovascular Disease National Collaborative Enterprise (CADENCE) to identify cardiovascular risk factors among our population through advanced analytics and #AI under the AI4HealthyCities initiative. Learn how global biomedical sciences players can work with local #healthcare ecosystem partners in Singapore to develop and scale personalised treatments for patients around the world: https://lnkd.in/gd8JW5Ae

Developing #Singapore’s space sector “is not just about exploration, but about solving real-world problems”.   As the global #space economy expands – it is tipped to reach US$1.8t by 2035 – the Office for Space Technology & Industry, Singapore (OSTIn) is accelerating efforts to make #Singapore the place for space.   From developing space technologies for practical applications to boosting international collaboration and growing the sector’s talent pool, efforts are focused on innovation and fast-tracking the commercialisation of research.    Hear from OSTin’s Executive Director Jonathan Hung on Singapore’s focus on driving the next bound of space development as Asia’s space tech hub.

Singapore does not intend to respond to US tariffs with import duties of our own, as doing so would impact our consumers and businesses, said Deputy Prime Minister Gan Kim Yong. Instead, Singapore will work with ASEAN countries to deepen regional economic integration, while opening up more opportunities for businesses through our network of 27 Free Trade Agreements, and our digital and green economy agreements.

What makes #Singapore an ideal base for businesses to expand in #Asia? Our world-class infrastructure, connectivity and talent, and business-friendly environment are oft-cited reasons. A key draw is also our R&D and innovation ecosystem, with leading universities and research centres, and co-innovation partners from the 286,000 enterprises and 4,500 tech startups here. For four companies – hailing from diverse industries from healthcare to energy, and countries, including the US, UK, and Vietnam – coming to Singapore has been #TheSmartMove to set up a regional base to drive expansion plans and deepen their R&D efforts. Discover how Expedera Inc., GivEnergy, IDEMIA, and Gene Solutions have benefited from Singapore’s deep talent pool and robust IP protection to reach key Asian markets. Read our latest issue of “The Smart Move”, a quarterly series on the global enterprises investing in Singapore to serve Asia’s growing markets: https://lnkd.in/gji_i-tV

Global companies are continuing to drive AI #innovation from Singapore! Microsoft Research Asia is partnering with National University of Singapore (NUS) to launch a PhD Supervision programme that combines their expertise in research and industrial applications. The programme aims to advance #AI research in areas from healthcare to spatial intelligence, robotics, and data-intensive computing, so that Asia can play an increasing role in shaping the future of AI and computing globally. As part of this #collaboration, NUS and Microsoft Research Asia will nurture PhD students through two pathways: EDB’s Industrial Postgraduate Programme – designed to help leading companies nurture local talent to drive R&D that benefits their business and the broader industry – as well as PhD programmes offered by NUS Computing. The aim is to produce high-calibre tech professionals with interdisciplinary skills who can integrate AI technology across industries. With more companies choosing to innovate new products and solutions from Singapore, collaborations between academia and industry players can strengthen our R&D talent pipeline and enhance the competitiveness of companies here: https://lnkd.in/guTsqBtj

United Microelectronics Corporation (UMC) has opened its second fab facility in #Singapore to meet future chip demand. The state-of-the-art facility, adjacent to UMC’s existing fab in Pasir Ris Wafer Fab Park, will manufacture 22nm and 28nm chip solutions for global customers. Examples of chips that would be made in Singapore include display chips for smartphones, power-efficient embedded memory chips for IoT devices, and next-gen connectivity chips. The new facility has passed rigorous sustainability standards, achieving the Green Mark GoldPlus certification from Singapore’s Building and Construction Authority With UMC’s largest R&D team outside Taiwan already based in Singapore, the new facility will allow UMC to enhance its R&D expertise here to address the growing demand for next-generation specialty technologies. UMC’s investment encompasses a two-phase expansion, with up to US$5b invested in the first phase. When volume production begins in 2026, it will bring UMC’s total production capacity in Singapore to over 1m wafers annually. Around 700 positions including in process #engineering, equipment engineering, and R&D, will be created over the next few years. Read about how UMC’s expansion aligns with Singapore’s vision to become a leading advanced #manufacturing hub, and underscores a long-standing partnership: https://lnkd.in/gnxR9zNp

Selamat Hari Raya Aidilfitri! EDB wishes all our Muslim friends and partners a joyful and blessed celebration.

Ready to take the next step in your business #expansion strategy? 🌏     The Workshop by EDB gives you direct access to experts and tailored strategies to help your company navigate market entry and secure the top talent you need to thrive in #SoutheastAsia.    Working with partners like DBS Bank, Acclime, Hawksford, Asia Market Entry , G-P, and Pasona Singapore Pte. Ltd., our nine curated Workshops cover topics such as:  ⚪ Banking and financial solutions  ⚪ Setting up for success in Singapore and Southeast Asia  ⚪ Talent acquisition and recruitment strategies  ⚪ Scaling growth opportunities in industries like healthcare, advanced manufacturing and sustainability     Sign up today to gain personalised advice on how #Singapore can support your market expansion plans: https://lnkd.in/gYiCEWfS

Here's all you need to know about Singapore’s #Budget2025 and how we are supporting businesses as they navigate cost issues, competition and transformation. From tax rebates and workforce development grants to enhanced funding for high-value investments and #AI capabilities, #Singapore is committed to helping companies and the workforce stay relevant and achieve long-term growth. Read our round-up of the Budget 2025 measures that seek to: 1️⃣ Tackle cost pressures and resource constraints 2️⃣ Prioritise R&D and innovation to grow strong enterprises 3️⃣ Strengthen Singapore’s advantage in AI 4️⃣ Boost skills upgrading and workforce transformation 5️⃣ Enable us to stay the course on climate action 6️⃣ Build Singapore’s ecosystem and leading enterprises of the future 7️⃣ Better connect Singapore to the region and the world #YourBusinessNeedsSG