[SMM Steel] Tata Steel Limited announced on March 18, 2026, the merger of its wholly-owned subsidiary, Nilachal Ispat Nigam Limited (NINL), to consolidate its long products business. The merger aims to enhance management efficiency and accelerate capacity expansion at the Odisha mill from 0.98 million mt to 4.8 million mt. Additionally, the board approved a $2 billion investment in its Singapore-based subsidiary, T Steel Holdings Pte Ltd (TSHP), starting in FY 2026-27 to support overseas operations, fund capex, and restructure existing debts.

Indonesia's planned solar energy exports from Batam to Singapore are stalled due to financing hurdles. Developers aim to deliver up to 3.4 GW by 2028 but struggle to secure bank loans because an Indonesian regulation requires export permits to be renewed every five years. This clashes with the 20-25 year certainty that financiers demand, rendering the massive projects 'unbankable'.

Ningbo Times Aluminum Foil Technology Co., Ltd. announced that, according to the overall strategic layout and business development needs, it plans to establish a wholly-owned subsidiary. The subsidiary will be named BOXING TECHNOLOGY PTE. LTD., with its registered address at Robinson 112, Singapore, and a registered capital of 1 million Singapore dollars (approximately 5.4328 million yuan). The final registration information is subject to the records of the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. This investment does not constitute a significant reorganization of assets or related party transactions.

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Australia Approves Giant Solar Power Project, Planning to Supply Power to Singapore: The Australian government announced on the 21st that it has approved the construction of a solar power park in the north of the country, which will become the "largest in the world" after completion, and some of the electricity generated will be transmitted to Singapore through submarine cables. The project, proposed by Australia Solar Cable, is expected to have a total investment of US$13.5 billion. According to the plan, the project will be built in the Northern Territory in northern Australia, which is rich in solar energy resources, and will cover an area of about 12,000 hectares.

On August 1, ZEEKR, the premium electric vehicle brand under Geely Holding, officially put the ZEEKR X model onto the Singapore market.