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Singapore: February 2025

Singapore population (2023): 6 million

Singapore online population: 4.8M / 81.1%

Singapore’s median age: 39.4 years

How Southeast Asia Buys and Sells

IDC: How Southeast Asia Buys and Sells (pdf link)

  • Singapore delivers 2025 fiscal budget and policy speech, pledging increased investment in industries including semiconductors, energy, and aviation / full item
  • Grab has reported its financial results for the fourth quarter of 2024, with revenue rising 17% year-on-year to USD 764 million, driven by strong demand for its ride-hailing and delivery services. / full item
  • Singapore’s Thunes, a global payments company, to expand Direct Global Network into Taiwan, rolling out Pay-to-Banks capabilities and cross-border payment services / full item
  • Kaspersky Security Network report finds that in 2024, over 21 million cyberattacks originated from compromised servers in Singapore, marking the highest number in SE Asia / full item
  • Singapore has introduced 3 new AI governance initiatives, including one to monitor and test guardrail integrity when LLMs operate in non-English language activities / full item
  • Singapore: Global Space Technology Convention & Exhibition 2025 is set for February 26 -27 / full item
  • Singapore: 129Knots fintech launches with $10M funding, focusing on real-world asset tech designed to transform supply chains into high-value, investment-grade assets / full item
  • Singapore: SEEDS Capital, investment arm of Enterprise Singapore, sets $110M to catalyze further investment in advanced manufacturing, medical-tech, agri-tech, space-tech and more / full item

Malaysia’s blueprint to develop infrastructure for the Johor-Singapore Special Economic Zone… on a project-by-project basis is a pragmatic and cautious move, keeping in mind the country’s debt… / full item

  • Malaysia: ST Telemedia Global Data Centres begins construction in Johor, 15 km from Singapore, targeting a capacity of 16MW and set to be fully operational by year-end 2026 / full item

Also available:
‣ Indo-Pacific Insight – geopolitics, daily


Critical tech news: February 2025

  • 2025 India Space Congress is set for June, running with the theme of ‘Pioneering Innovations in Space Technology – India’s Journey towards Global Partnerships’…
  • Australia: Extraterrestrial Power unveils mass-manufacturable solar cell it estimates to be ten times more affordable than current space-application solar cells…
  • Japan: Tenchijin unveils ‘Thermo Earth of Love Project’, a proprietary satellite program to boost surface temperature monitoring capabilities, featuring development of its own satellite…

‣ Critical technologies: February 2025 report >

Asia tech newsletters:
Weekly in February 2025

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