Singapore and Australia signed the Singapore-Australia Digital Economy Agreement.
Business sentiments in the manufacturing sector remain subdued amidst the continued spread of the COVID-19 pandemic, as well as uncertainty in global trade.
Singapore and seven other flag, coastal and port authorities promote the development of maritime autonomous surface ships.
Since the start of the COVID-19 outbreak, the Singapore government has been ramping up job support measures.
The Singapore economy contracted by 12.6 percent on a year-on-year basis in the second quarter of 2020, due to the pandemic.
Since 27 March 2020, MPA has approved more than 13,000 cases of crew sign-ons and sign-offs involving some 650 companies and 1,150 ships.
The declaration, initiated by Singapore, calls for port authorities to collaborate and share best practices in ensuring that port operations can remain undisrupted.
Singapore authorities confirmed that there is no serious impact on oil trading and bunkering sectors and the banking system remains sound.
The Singapore police is investigating oil trader Hin Leong after founder admitted cover-up of US$800 million losses.
Companies in Singapore were not as well placed as their global peers to manage the risk of economic crimes.
Fraud and economic crime rates remain at record highs, impacting companies in more ways than ever.
Development works are proceeding as planned, and there will be no impact to access for ships calling at the terminal in the future.
Lee Kok Leong, our special correspondent, attends the TOC Asia 2019 conference during the Singapore Maritime Week, and finds out that technology is both an enabler as well as a disruptor.
Through close collaboration between Singaporean and Indonesian authorities, three pirates were arrested. They had boarded a Liberian-flagged bulk carrier Sam Jaguar in the Singapore Strait on 16 Mar.
The purpose-built facility will create an environment that enables experimentation and the test-bedding of innovative port services and intelligent ship operations.
The Maritime and Port Authority of Singapore is pulling out all stops in the fight against the spread of COVID-19 and in helping passenger vessel companies tide over this difficult period.
In Asia, the COVID-19 outbreak is likely to dampen the growth prospects of China and other affected countries this year.
Two ships in the Singapore Strait were attacked by pirates within the span of an hour on early Feb 9 morning. These bring the total number of incidents reported in the Singapore Strait to six since the start of this year.
The large manufacturing investments came from semiconductor as well as energy and chemical companies.
There was an increase of piracy in the Singapore Strait in 2019 to 31 incidents from 7 in 2018.
Pirates attacked two vessels separately in the Singapore Strait on Dec 23, bringing the total number of such incidents to five in just four days.
Over 90 percent of the global trade is carried across ocean. However, the maritime industry is also prone to rampant corruption.