The Singapore Economic Review

China Yuchai Appoints New Director

Retrieved on: 
Wednesday, February 22, 2023
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SINGAPORE, Feb. 22, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") wishes to announce that the Board of Directors of the Company has approved the appointment of Mr. Wong Hong Wai as a Director of China Yuchai with effect from March 1, 2023.

Key Points: 
  • SINGAPORE, Feb. 22, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") wishes to announce that the Board of Directors of the Company has approved the appointment of Mr. Wong Hong Wai as a Director of China Yuchai with effect from March 1, 2023.
  • Mr. Wong joins the Board with over 35 years of working experience in China, Germany, Japan, Singapore, Switzerland and the United States.
  • Additionally, he was the Risk Officer for GM China and a member of GM's Global Risk Advisory Council which had strategic risk management oversight for all of GM's global businesses.
  • With the new appointment, the Board now comprises 10 members of which three are independent directors.

President and CEO Dan Schulman Announces Intention to Retire from PayPal at Year-End

Retrieved on: 
Thursday, February 9, 2023
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SAN JOSE, Calif., Feb. 9, 2023 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that President and CEO Dan Schulman has informed the Board of Directors of his intention to retire from PayPal on December 31, 2023, and that he will work with the Board on a smooth leadership transition. Schulman will continue to serve on the Board of Directors. The Board will retain a search firm to help find Schulman's successor.

Key Points: 
  • "I'm proud of what we have accomplished at PayPal and of the incredibly talented and committed people I work with every day," said Schulman.
  • PayPal makes a difference every day for its customers and communities and the Company is positioned for a great future.
  • John Donahoe, Chairman of the PayPal Board, stated, "Dan has made an extraordinarily positive and lasting impact on PayPal and our people.
  • Schulman joined PayPal in 2014 to lead the Company as an independent public company following its separation from eBay.

GOOD Meat Receives Approval to Commercialize Serum-Free Media

Retrieved on: 
Wednesday, January 18, 2023
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GOOD Meat , the cultivated meat division of food technology company Eat Just, Inc., announced today that it has been given a new, first-in-the-world regulatory approval by the Singapore Food Agency (SFA) for the use of serum-free media for the production of cultivated meat.

Key Points: 
  • GOOD Meat , the cultivated meat division of food technology company Eat Just, Inc., announced today that it has been given a new, first-in-the-world regulatory approval by the Singapore Food Agency (SFA) for the use of serum-free media for the production of cultivated meat.
  • View the full release here: https://www.businesswire.com/news/home/20230117006210/en/
    GOOD Meat R&D team members working at the company's cultivated meat facility (Photo: Eat Just, Inc.)
    GOOD Meat obtained approval from SFA for its first chicken product in November 2020 and a subsequent approval for new formats of its pioneering poultry in November 2021.
  • I could not be prouder of our team for doing just that and receiving approval to commercialize it this week.
  • “We congratulate GOOD Meat on achieving this milestone in scaling up cultivated meat production.

BioNTech Expands Global Footprint by Acquiring GMP Manufacturing Site to Establish First mRNA Facility in Singapore

Retrieved on: 
Monday, November 14, 2022
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The acquisition is part of BioNTechs expansion strategy to strengthen its global footprint in Asia.

Key Points: 
  • The acquisition is part of BioNTechs expansion strategy to strengthen its global footprint in Asia.
  • Supported by the Singapore Economic Development Board (EDB), the facility will serve as BioNTechs Regional Headquarters and become its first mRNA manufacturing facility in Singapore.
  • We are excited to be moving a step closer to expanding our global manufacturing network to Singapore, supporting production of mRNA-based vaccines and therapeutics for the Asia Pacific region.
  • We are delighted that BioNTech has chosen Singapore as the location for its new Regional Headquarters and first mRNA manufacturing facility in the Asia Pacific region.

JIOS Aerogel Commissions New Factory in Singapore for Electric-Vehicle Battery Components

Retrieved on: 
Wednesday, November 16, 2022
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SINGAPORE, Nov. 16, 2022 /PRNewswire/ -- JIOS Aerogel, a leading innovator in critical components for electric-vehicle batteries, has unveiled a plan to commission a state-of-the-art factory in Singapore to produce cutting-edge technology for battery manufacturers.

Key Points: 
  • SINGAPORE, Nov. 16, 2022 /PRNewswire/ -- JIOS Aerogel, a leading innovator in critical components for electric-vehicle batteries, has unveiled a plan to commission a state-of-the-art factory in Singapore to produce cutting-edge technology for battery manufacturers.
  • The commissioning of the JIOS Aerogel facility is supported by the EDB, a government agency under the Ministry or Trade and Industry of Singapore.
  • This investment to manufacture aerogel-based materials leverages multiple innovations in products and processes developed by researchers at the JIOS Innovation Centre in Singapore.
  • JIOS Aerogel is headquartered in Singapore and is backed by investors that include a Fortune 500, global manufacturer.

SEMBCORP LAUNCHES NEW CARBON MANAGEMENT SOLUTIONS CORPORATE VENTURE, GONETZERO™

Retrieved on: 
Tuesday, November 15, 2022
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SINGAPORE, Nov. 14, 2022 /PRNewswire/ -- Sembcorp Industries (Sembcorp) will be launching its carbon management solutions corporate venture, GoNetZero™, today at the Singapore Pavilion at the 27th United Nations Climate Change Conference (COP27) in Egypt.

Key Points: 
  • SINGAPORE, Nov. 14, 2022 /PRNewswire/ --Sembcorp Industries (Sembcorp) will be launching its carbon management solutions corporate venture, GoNetZero, today at the Singapore Pavilion at the 27th United Nations Climate Change Conference (COP27) in Egypt.
  • By offering one-stop access to renewable energy certificates and carbon credits as well as renewable energy and environmental attribute portfolio management, GoNetZero works with its customers to support their corporate climate action plans.
  • GoNetZeroprovides corporates with the full suite of solutions from renewable energy certificates to carbon credits, to achieve their decarbonisation goals."
  • Charles Koh, Platform Founder of GoNetZeroand Chief Digital Officer of Sembcorp said, "We have built the GoNetZero digital platform using blockchain technology.

SEMBCORP LAUNCHES NEW CARBON MANAGEMENT SOLUTIONS CORPORATE VENTURE, GONETZERO™

Retrieved on: 
Tuesday, November 15, 2022
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SINGAPORE, Nov. 15, 2022 /PRNewswire/ -- Sembcorp Industries (Sembcorp) will be launching its carbon management solutions corporate venture, GoNetZero™, today at the Singapore Pavilion at the 27th United Nations Climate Change Conference (COP27) in Egypt.

Key Points: 
  • SINGAPORE, Nov. 15, 2022 /PRNewswire/ --Sembcorp Industries (Sembcorp) will be launching its carbon management solutions corporate venture, GoNetZero, today at the Singapore Pavilion at the 27th United Nations Climate Change Conference (COP27) in Egypt.
  • By offering one-stop access to renewable energy certificates and carbon credits as well as renewable energy and environmental attribute portfolio management, GoNetZero works with its customers to support their corporate climate action plans.
  • GoNetZeroprovides corporates with the full suite of solutions from renewable energy certificates to carbon credits, to achieve their decarbonisation goals."
  • Charles Koh, Platform Founder of GoNetZeroand Chief Digital Officer of Sembcorp said, "We have built the GoNetZero digital platform using blockchain technology.

HashKey Capital Singapore Secures In-Principle Approval for the Capital Markets Services License from the Monetary Authority of Singapore

Retrieved on: 
Friday, November 4, 2022
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("HashKey Capital Singapore", and together with its affiliates, the "HashKey Group") announced at Singapore Fintech Festival 2022 that it has received its in-principle approval for the Capital Markets Services ("CMS") license from the Monetary Authority of Singapore ("MAS") as a licensed fund management company (LFMC).

Key Points: 
  • ("HashKey Capital Singapore", and together with its affiliates, the "HashKey Group") announced at Singapore Fintech Festival 2022 that it has received its in-principle approval for the Capital Markets Services ("CMS") license from the Monetary Authority of Singapore ("MAS") as a licensed fund management company (LFMC).
  • When granted, the CMS license will allow HashKey Capital Singapore to conduct fund management services from Singapore.
  • HashKey Capital Singapore, part of HashKey Capital, prides itself as a company which takes the next step in bringing digital assets closer to mainstream institutional adoption.
  • "Once the CMS licenseis granted, HashKey Capital will be able to offer its services to institutional and accredited investors.

Mosa Meat and Esco Aster Announce Partnership to Produce Cultivated Beef in Singapore

Retrieved on: 
Tuesday, November 1, 2022
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Mosa Meat , a market leader in the cultivated meat sector that grows beef directly from animal cells, today announced an agreement with Singapore-based cultivated meat manufacturer Esco Aster , who will help to bring Mosa Meats cultivated beef to market.

Key Points: 
  • Mosa Meat , a market leader in the cultivated meat sector that grows beef directly from animal cells, today announced an agreement with Singapore-based cultivated meat manufacturer Esco Aster , who will help to bring Mosa Meats cultivated beef to market.
  • View the full release here: https://www.businesswire.com/news/home/20221031005922/en/
    XL Lin, CEO of Singapore-based cultivated meat manufacturer, Esco Aster signs agreement with Mosa Meat CEO Maarten Bosch to help bring Mosa Meats cultivated beef to market.
  • Founded in Singapore in 2017, Esco Aster is currently the first and only facility to obtain regulatory clearance to produce cultivated meat products in Singapore .
  • Our partnership with Esco Aster marks another step forward in Mosa Meats global expansion and is a proud moment for the entire Mosa Meat team.

Galderma Announces Intention to Expand Manufacturing and Innovation Footprint in Asia-Pacific

Retrieved on: 
Thursday, October 13, 2022
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Reaffirming its bold ambition to become the leading dermatology company in the world, Galderma today announced its intention to expand its manufacturing and innovation footprint in the Asia-Pacific region, with support from the Singapore Economic Development Board.

Key Points: 
  • Reaffirming its bold ambition to become the leading dermatology company in the world, Galderma today announced its intention to expand its manufacturing and innovation footprint in the Asia-Pacific region, with support from the Singapore Economic Development Board.
  • This adds to the growing number of consumer healthcare companies that use Singapore as a hub for innovation.
  • We are also pleased that Galderma's first Dermo-cosmetics manufacturing plant in Asia will be landing in Singapore, as it will leverage and contribute to Singapore's advanced manufacturing capabilities.
  • There will be many exciting innovation and manufacturing job opportunities that Galderma will create with this investment.