New Future Energy Fund in Singapore
Singapore is set to establish the Future Energy Fund by the end of 2024, a strategic initiative aimed at supporting the country’s shift toward a sustainable and low-carbon energy future. With power generation currently responsible for about 40% of the nation’s...
Singapore’s GDP Forecast to Grow by 2.4% in 2024
The Monetary Authority of Singapore’s (MAS) recent survey forecasts a 2024 economic growth rate of 2.4% for Singapore, slightly up from the previous estimate of 2.3%, and anticipates an increase to 2.5% in 2025. The revised forecast also lowers headline inflation...
GE Vernova To Supply Electric Propulsion Systems for Singapore Navy’s Multi-Role Combat Vessel Program.
GE Vernova’s Power Conversion business has secured a contract with ST Engineering Marine Limited to provide Integrated Full Electric Propulsion (IFEP) systems for the Republic of Singapore Navy’s new Multi-Role Combat Vessel (MRCV) program. This program involves...