[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.

Join the Cobalt Congress – the premier global event that brings together the entire cobalt and critical minerals, value chain, alongside major investors in the sector, to explore the latest developments across market trends, policy, and business.

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.

[Golden Mountain Technology Industries Submits Investment Proposal to Establish Nickel-Based Battery Manufacturing Facility and R&D Center] Golden Mountain Technology Industries (00040) announced that on February 19, 2025, the company submitted an investment proposal to Invest Johor, the primary investment promotion agency of the Johor state government in Malaysia, for the group's investment in the Johor-Singapore Special Economic Zone.

【Singapore: EV Registrations Account for 43%】The Land Transport Authority (LTA) of Singapore recently revealed on social media that in February, the number of new vehicle registrations in Singapore reached 5,856 units, with EV registrations accounting for 43%. This represents an 11 percentage point increase compared to the 32% share in February of the previous year, and for the first time, it surpassed the registrations of new hybrid vehicles (39%).

[Head of National Energy Administration Meets with Chief Executive of Singapore Energy Market Authority] Jinshi Data reported on May 21 that on May 19, Wang Hongzhi, Director of the National Energy Administration, met in Beijing with Pan Guoqiang, Chief Executive of the Singapore Energy Market Authority, who was visiting China. The two sides had an in-depth exchange of views on advancing cooperation in new energy between China and Singapore. Wang Hongzhi stated that energy is an important area of pragmatic cooperation between China and Singapore. The two countries maintain close communication on bilateral and multilateral platforms, with mutual investments by enterprises from both sides. They have conducted extensive cooperation in power, oil and gas, energy storage systems (ESS), and renewable energy. There is significant potential for future cooperation, with broad prospects. The National Energy Administration of China is willing to build on past achievements with Singapore, further leverage the role of existing cooperation mechanisms, strengthen dialogue and communication, and jointly advance cooperation in new energy to new heights. (Jinshi Data APP)

【Singapore: EVs Account for 43% of New Car Registrations】The Land Transport Authority (LTA) of Singapore recently revealed on social media that in February, the country recorded 5,856 new car registrations. Among these, electric vehicles (EVs) made up 43%—an 11-percentage-point increase compared to February last year (32%). Notably, this marks the first time EV registrations have surpassed those of hybrid vehicles (39%) in the same period.