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Singapore and Japan forge partnership on carbon capture and storage technology

The bilateral accord, signed during a high-level meeting in Singapore, outlines a framework for joint research, development, and deployment of cutting-edge CCS technologies. This partnership aims to enhance both countries’ capabilities in capturing carbon dioxide emissions from industrial processes and securely storing them to mitigate environmental impact. The collaboration also includes sharing best practices, technical expertise, and investment in innovative solutions to advance CCS infrastructure.

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Singapore dollar surges 3% against US dollar, crosses 1.30 mark

The currency's rally also reflects broader global financial dynamics. As central banks around the world, including the US Federal Reserve, adjust their policies in response to inflationary pressures and economic uncertainty, currencies like the Singapore dollar have benefited from shifts in capital flows and changes in interest rates.

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Australia greenlights $13.5 billion solar power export project to Singapore

The project, set to be one of the largest of its kind globally, will involve the construction of vast solar farms in Australia’s Northern Territory and an undersea cable stretching approximately 4,200 kilometers to Singapore. This infrastructure will enable the transfer of clean energy from Australia’s sun-rich regions to Singapore, where energy demands have been increasing steadily.