Singapore digest news (29.11-03.12)

Photo by S.Pronin

A*STAR and local SME develop cooling system that reduces energy consumption by up to 50%

A*STAR's Institute of High-Performance Computing (IHPC) and Singapore-based data centre solutions company ERS Industries have developed an energy-efficient cooling system, KoolLogix, which uses an innovative heat exchange and phase change approach that can reduce energy consumption at data centres by up to 50%.

In Singapore, about 60 data centres account for about 7% of the country's total electricity consumption in 2020. However, data centres are intensive users of water and electricity, and their cooling systems typically use an estimated 35% to 40% of the total power required to run a data centre, according to a study by Digital Realty and Eco-Business. In 2019, the Singapore government informed the industry of a temporary pause on the development of new data centres to ensure their growth in a sustainable manner and with a reduced carbon footprint.


Keppel Offshore & Marine inks global framework agreement with Ørsted

Keppel Offshore & Marine (O&M) announced that one of their subsidiaries, Keppel FELS LTD., has entered into a global framework agreement with Ørsted.
The agreement is part of a strategic initiative to develop the long-term partnership between the two companies, following O&M’s recent completion of its first project for Ørsted in Singapore.


Singapore welcomes equivalence decision by European Commission

Minister for Transport S Iswaran welcomed the European Commission’s decision to treat Singapore's COVID-19 vaccination and test certificates as equivalent to that by EU member states.

Singapore is the first Southeast Asian country to be awarded the status, with EU DCC compatible vaccination and test certificates to be issued starting 7 December.


SIA announces VTL services to five more countries

Singapore Airlines announced flight schedules for the Vaccinated Travel Lane (VTL) services, which now cover Cambodia, the Maldives, Sri Lanka, Thailand, and Turkey. 
For Thailand and Sri Lanka Singaporean flights will operate daily, for Turkey, Cambodia and The Maldives Singaporean flights will operate three-four times weekly.


Singapore clinches 8th spot in top 10 countries for forex trading

A report by Investingoal revealed that Singapore landed on the eighth spot in the rankings for best countries for foreign exchange (forex) trading. 
Overall, 16 countries made it to the list. Several factors were considered, such as cost of living, crime rate, healthcare rating, broadband speed, attractions, road traffic, and forex regulations.
Compared to other countries, Singapore posed a stable and secure environment. The cost of living averaged around $5003 per month and was also the second-worst country for traffic.