Singapore digest news (21.03 - 25.03)

Photo by Sergey Pronin

Singapore's energy sector could become carbon neutral by 2050
Singapore intends to review its energy strategy and is exploring the use of nuclear power, according to a report by the Energy Market Authority (EMA).
In particular, it is not ruled out that nuclear power could cover up to 10% of national needs by 2050. A feasibility study commissioned by the government in 2012 concluded that the technology available at the time did not allow for nuclear reactors to be located in Singapore.
Since then, however, technology has improved significantly and major countries have developed nuclear power plants that are potentially safer than those already built.
Russia, China, the USA and France have such technologies.

Overview of Asia-Pacific economies in 2021 and projections for 2022
Key findings:
  • Overall economic growth in 2021 is over 6%, forecast for 2022 is 5.1% growth;
  • 55% of surveyed experts forecast positive economic growth in 2022;
  • One of the main risks that will hinder economic development is the lack of political leadership of the region's leaders.

Algae oil to replace palm oil
A team of scientists from Nanyang Technological University of Singapore (NTU) has developed a method to efficiently produce and extract vegetable oils from common microalgae that can replace palm oil in food production.
"As the oils extracted from microalgae serve as food and have properties superior to palm oil, the newly discovered method can serve as a healthier and greener alternative to palm oil," the NTU said. Compared to palm oil, the microalgae oil developed in collaboration with scientists from the University of Malaya, Malaysia, contains more polyunsaturated fatty acids, which can help reduce "bad" cholesterol levels, and also contains less saturated fatty acids, which are linked to strokes.

Chinese pineapples can now be bought in Singapore
Farmers from Guangdong province are now supplying pineapples not only to the whole of China, but also to Singapore. International cooperation is made possible by the Comprehensive Regional Economic Partnership Agreement. It was signed by more than 15 countries from China to New Zealand and Singapore in 2022. The agreement is expected to boost free trade and help rebuild the economy in the post-pandemic era.