To enhance oversight and risk management, financial institutions will need to establish clear processes for identifying AI usage across the organisation, maintain accurate and up-to-date AI inventories, and conduct risk materiality assessments that consider impact, complexity and reliance, it said.
Climate technology start-up Aether Fuels and Aster on November 11 signed a cooperation agreement to develop the Project Beacon facility which is expected to produce up to 50 barrels a day – or 2,000 tonnes of fuel annually – when completed in 2028.
The 10th e-Conomy SEA report, released on November 11, expanded its coverage from earlier reports to include Brunei, Cambodia, Laos and Myanmar for the first time.
The Thai and Singaporean PMs witnessed the signing of several memoranda of understanding (MoUs), notably an MoU on rice trade cooperation between the two governments, under which Thailand agreed to sell Singapore up to 100,000 tonnes of rice annually.
Under the strategic partnership, the two countries will step up cooperation to better tackle global challenges such as climate change and transnational crimes while deepening ties in the areas of security, defence, artificial intelligence, advanced technology, people-to-people exchanges, and transnational crimes like online scams.
Vietnam is strengthening cooperation with Singapore and Ireland in policy research, training, and capacity building for officials, aiming to enhance the quality of human resources and promote innovation.
Singaporean police on October 30 seized and issued prohibition of disposal orders against six properties and various financial assets tied to Cambodian businessman Chen Zhi and his company, Prince Group, in relation to money laundering and forgery offences.
Prime Minister Pham Minh Chinh on October 31 received the ambassadors of Indonesia and Singapore, who paid farewell visits at the end of their tenures in Vietnam.
National Assembly Chairman Tran Thanh Man on October 30 received the Ambassadors of Indonesia and Singapore, who came to bid farewell at the end of their tenures in Vietnam.
Vietnam and Singapore signed a Memorandum of Cooperation (MOC) on rice trade at the APEC Economic Leaders’ Week in Gyeongju, the Republic of Korea on October 30, a new step to promote economic collaboration and ensure regional food security.
Singapore will explore the use of biomethane, touted as “renewable fuel”, to reduce emissions from its power sector, and learning more about nuclear energy from the best minds in the field by inking new partnerships.
President Luong Cuong emphasised that deepening Vietnam-Indonesia ties would not only serve the interests of both peoples but also reinforce ASEAN’s cohesion, unity and centrality.
The Vietnamese and Singaporean foreign ministers agreed to continue promoting high-level and all-level delegation exchanges, effectively implement existing bilateral mechanisms, and explore new ones, including through the Party channel.
China is ready to work with Singapore and ASEAN countries to build a successful China–ASEAN Free Trade Area (FTA 3.0), paving the way for even stronger growth in the years to come.
The Singapore Government’s proposal to sign a bilateral rice trade agreement with Vietnam is expected to help stabilise Vietnam’s rice export to the city-state in the time ahead.
Earlier, the Singapore Red Cross provided a relief package worth 50,000 SGD (around 38,500 USD) to the Vietnam Red Cross Society to support emergency assistance in the provinces of Cao Bang, Thai Nguyen, Lang Son, and Nghe An.
According to data from Singapore’s Accounting and Corporate Regulatory Authority (ACRA), the city-state imported 87.8 million SGD (about 67.5 million USD) worth of rice from Vietnam in the first nine months of 2025, down 11.5% year-on-year, accounting for 25.3% of Singapore’s total rice imports.
According to statistics from Singapore’s Accounting and Corporate Regulatory Authority, total bilateral trade in September 2025 reached 3.2 billion SGD (about 2.47 billion USD), up 46.7% year-on-year. Singapore’s exports to Vietnam stood at 2.2 billion SGD, up 45.3%, while imports from Vietnam rose 49.9% to 1 billion SGD.
The new Digital Defence Hub (DDH), which comes under the ministry’s Centre for Strategic Infocomm Technologies (CSIT), has also been tasked with driving cyber-security collaboration, both within the Government and with the private sector, the Straits Times has reported.
This is the first large-scale low-carbon electricity project from Malaysia to receive such approval from Singapore. The city-state is currently importing 50 MW (0.05 GW) of renewable energy from Malaysia under a pilot programme launched in December 2024.