Ministry of Trade & Industry

Missed the previous F1 quiz contests on MTI’s IG? Perhaps the third time is the charm. 😉

📢 Here’s your last chance to win a pair of tickets to the Singapore Grand Prix before the race goes full throttle! 🏎️


Speed towards MTI's IG page for more details now: https://www.instagram.com/p/C_ZpABCSrEL/?igsh=MWhoZjlsaW9zNmN1YQ==

Have you been to Latin America? As part of the Latin Americas desk, Saishwar Thirumagan Sri has travelled to Brazil and Peru to attend events and meetings with foreign counterparts to explore new opportunities. These efforts will help to enhance Singapore’s trade relations with more countries, and enable Singapore-based companies to reach a wider market.

Keen to play a part in Singapore’s economy? Visit Careers@Gov for opportunities at MTI!

Workers in the power sector will be able to enhance their training in operating power plants safely and effectively with the launch of the Centralised Power Plant Simulator (CPPS).

The CPPS provides a simulated environment to conduct standardised training for power plant operators in a wide range of scenarios without interrupting day-to-day operations, minimising costs related to errors made during on-the-job training.

Energy Market Authority
SP Group

Keen to catch the Singapore Grand Prix live at the Marina Bay Street Circuit? 🤩

Buckle up and dash towards MTI’s IG for more details now: https://www.instagram.com/p/C_HnKHnyBJd/?igsh=MXB3Y2h3Mnd0OHBjbw==

Research and development (R&D) remains pivotal in shaping Singapore's future as a global leader in innovation.

Singapore will continue to deepen our R&D capabilities in key growth sectors such as semiconductors, robotics and MedTech to create more opportunities for businesses and good jobs for our workforce.

Agency for Science, Technology and Research (A*STAR)

Ever wondered what goes on behind-the-scenes of Singapore Grand Prix? Here’s your chance to get a close-up view of the team garages and watch the crew in action. We are giving away three pairs of tickets to the ✨ Pit Lane Experience ✨ on 19th September 2024 in our F1 quiz contest!

💨 Zoom over to MTI's IG page for more details now: https://www.instagram.com/p/C-2L8veS_aq/?igsh=MXU1dDJ1YjU2Nzc4dA==

Stay tuned for more exciting quiz contests coming your way!

composting food scraps is a great way to reduce waste and methane emissions from landfills?

Featured at the recent Restaurant Asia 2024, Reencle has developed the first-ever microorganism composter, which helps to turn food waste into nutrient-rich fertiliser for your plants at home. This innovative technology could soon be used by companies in the food service industry to reduce their food waste in bio-friendly ways.

Reencle Singapore

With a shared ambition to strengthen economic capabilities in science, technology and innovation, Singapore and Canada have agreed to enhance bilateral cooperation to encourage more collaboration opportunities between companies during DPM Gan Kim Yong’s visit to Ottawa earlier this year.

The enhanced cooperation will support more bilateral projects and elevate the capabilities of both Canadian and Singaporean companies, creating a more competitive economy for both countries.

Curious about how AI can enhance your commute?

Meet Artificial Intelligence Virtual Assistant (AIVA), a digital concierge that harnesses advanced generative AI to interact with commuters and provide transport-related information to enhance commuters’ journeys at transport nodes. It will be trialled at Ang Mo Kio Interchange with plans to deploy a second unit at Downtown Line Bayfront Station this year.

SBS Transit Ltd

Quantum computing has much higher processing capabilities than today’s supercomputers, which can be used in various industries such as Medtech and Manufacturing? Singapore will be investing close to $300 million over the next five years to boost quantum technology research and talent, and boost efforts to build processors for quantum computers locally.

Read on to find out more about Singapore’s National Quantum Strategy.

National Research Foundation Singapore

Public transport in Singapore is set to be smarter, more inclusive, and user-friendly in the near future. With a greater focus on homegrown solutions, more local innovators are stepping forward to share their ideas.

Launched by Enterprise Singapore and SBS Transit, MINNOVA, a new mobility innovation centre, will enable innovators to co-create exciting mobility-related solutions to address challenges in our transportation sector.

Enterprise Singapore
SBS Transit Ltd

Singapore and Ghana have a strong economic bond, with bilateral trade in goods reaching S$138.3 million last year? 🇸🇬🤝🇬🇭

During a recent business mission to Ghana, both countries explored carbon market opportunities and connected businesses to explore potential areas for collaboration. From agribusiness to infocomms technology, Singaporean companies are already thriving in the Ghanaian market!

Enterprise Singapore
SMJ Furnishings Pte Ltd
Frytol Pure Vegetable Oil Fortune Ghana Jamaa Soap Ghana Alife Ghana
Ascent Solutions Pte Ltd

this year marks the 30th anniversary of the establishment of Suzhou Industrial Park (SIP)?

As part of the year-long celebration, the Ministry of Trade and Industry and the Suzhou Municipal People’s Government jointly organised an "Experience Singapore Week" in Suzhou from 11 July to 15 July 2024. Themed “Singapore Shiok Lah”, the event showcased Singapore’s vibrant culture, homegrown brands, and attractions through a wide range of exhibition booths and interactive activities.

View highlights from this bustling event below!

Imagine playing a part in developing the “masterplan” to advance ASEAN’s economic goals. Apart from steering trade negotiations with nine other ASEAN Member States, Clarence and the team also foster collaborations to eliminate barriers to trade and investment within the region.

With over 60 dining, retail, and lifestyle concepts, CQ @ Clarke Quay has transformed into an iconic riverfront destination offering unique day-and-night experiences.

CQ @ Clarke Quay has also dedicated a third of the asset enhancement initiative (AEI) cost to incorporate new green features, which will help to reduce over a million kilowatt-hour of energy each year.

Clarke Quay

Gardens by the Bay has been voted the world’s 8th best attraction in Tripadvisor’s Traveler's Choice Awards Best of the Best 2024?

The award-winning garden paradise, with its iconic Supertree Grove and breathtaking Flower Dome, continues to enchant both locals and visitors worldwide. This accolade affirms Gardens by the Bay as a world-class attraction, showcasing its innovation, sustainability, and the charm of nature within our urban landscape.

Plan your visit today!

Gardens by the Bay has been voted the world’s 8th best attraction in Tripadvisor’s Traveler's Choice Awards Best of the Best 2024! 🏆🌺

The breathtaking garden paradise, with its iconic Supertree Grove and stunning Flower Dome, continues to captivate locals and visitors from around the world. This accolade underscores Gardens by the Bay’s status as a world-class attraction and how is a testament to the innovation, sustainability, and the allure of nature within our urban landscape.

Plan your visit today and discover why Gardens by the Bay is a must-see attraction!

For more info, head over to https://www.tripadvisor.com/TravelersChoice-ThingsToDo-cTopAttractions-g1

As Singapore works towards a low-carbon economy, Serena and her team look into green growth areas to promote cross-border green economic cooperation through Green Economy Agreements. Her efforts will help to garner support from various countries, including Singapore, to accelerate our net-zero emission goals.

Patch testing, elevated! Hapsense, a wearable skin sensor designed by Procter & Gamble SgIC, A*STAR and NTU, can measure the effects of a skincare product and provide quantifiable assessments compared to conventional skin-testing methods such as consumer surveys.

Made possible by public-private partnership, this innovation tapping on soft electronics can enable scientists to unlock big data insights to accurately guide the formulation of skincare products for various skin types and expand its applications to test surfaces and products in categories beyond skincare.

P&G Agency for Science, Technology and Research (A*STAR)
Nanyang Technological University, Singapore

that 27 June is Micro-, Small and Medium-sized Enterprises (MSMEs) Day?

To boost the digital and Artificial Intelligence (AI) capabilities of local SMEs, the Digital Enterprise Blueprint (DEB) was launched earlier this year.

The DEB brings together key ecosystem partners to push for AI integration within local SMEs by streamlining processes, enhancing productivity, and driving innovation through a wide range of programmes and initiatives.

Learn more about the various programmes and how they can support your business growth: https://services2.imda.gov.sg/CTOaaS/Highlight/61/singapore-s-digital-enterprise-blueprint--powering-the-next-bound-of-digitalisation

Infocomm Media Development Authority of Singapore
Enterprise Singapore Microsoft Amazon Web Services Google Salesforce

Wellness Festival Singapore is back for its third edition! Running from 21 June to 21 July 2024, the month-long festival offers a suite of programmes and activities carefully designed to promote better physical, emotional, and mental health.

Locals and tourists can look forward to meditation workshops, lifestyle related activities, and transformative wellness experiences organised by over 75 partners to take your well-being to the next level. Visit Wellness Festival Singapore website for the full list of programmes that await you: https://wellnessfest.sg/

Since 2010, the Partnerships for Capability Transformation (PACT) scheme has played a key role in promoting closer partnerships between companies.

The enhanced PACT will offer more opportunities for multinational corporations and large local enterprises to build resilient relationships in Singapore’s ecosystem, while helping local SMEs to deepen their capabilities and expand their operations to capture new growth opportunities in regional and global markets.

Interested companies can approach the Economic Development Board or Enterprise Singapore to find out more details.

Calling businesses and members of the public to share feedback on the General Review of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The public consultation period has been extended until 30 June 2024.

We welcome views on:

• Experience using the agreement to increase trade with and expand into CPTPP markets

• How the CPTPP can be enhanced to support the trading activities of your business

• What emerging issues can the CPTPP address, such as in the areas of digital economy, green economy, or inclusive trade

Learn more about the General Review of the CPTPP and share your feedback: https://go.gov.sg/cptpp-feedback

For further enquiries, please contact us at [email protected]

📢 [JUST IN] For the first time since 2020, Singapore has been ranked the world’s most competitive economy out of 67 economies, according to the International Institute for Management Development (IMD) World Competitiveness Yearbook (WCY) for 2024.

The annual IMD WCY assesses economies’ competitiveness and ability to create and sustain long-term growth. For the 2024 edition, Singapore saw improvements in its global position for Government Efficiency, Business Efficiency, and Infrastructure, while maintaining its position for Economic Performance.

We will continue to work in close partnership with our stakeholders to improve and strengthen Singapore’s position as a leading global hub for business, trade and investment, and talent.

Find out more in the report: https://go.gov.sg/imdwcr2024

there were over 160 investors at the inaugural Indo-Pacific Economic Framework (IPEF) Clean Economy Investor Forum hosted in Singapore recently?

The forum brought together C-suite and senior executives from the region’s largest investors, startups and project proponents for matchmaking and investment facilitation. Such events will help to accelerate the development and use of clean energy and climate-friendly technologies for a sustainable future.