Shell Exits Singapore Refining as Chandra Asri, Glencore Take Over
In April 2025, Shell finalized the sale of its Singapore refining and petrochemical assets to a joint venture between Indonesia’s Chandra Asri and Switzerland’s Glencore. The transaction includes the Bukom refinery and Jurong Island facilities, marking the...
Cargill Unveils Transformed Innovation Center in Singapore
Cargill unveiled its transformed Innovation Center in Singapore on April 10, 2025, marking a significant milestone in advancing food innovation for Asia. Supported by the Singapore Economic Development Board and Enterprise Singapore, the upgraded center is designed to...
US Tariffs Challenge Singapore’s Trade, Finance, and Manufacturing
In April 2025, the United States (US) imposed a 10% tariff on nearly all imports, including those from Singapore, under the International Emergency Economic Powers Act. Despite having a free trade agreement with the US and a relatively balanced bilateral trade...