Singapore digest news (14.03 - 18.03)

Photo by S. Pronin

Port of Singapore bunker fuel sales down 13% in January-February 2022
LSFO 380 sales decreased by 16%
Bunker fuel sales at the Port of Singapore for January-February 2022 decreased by 12.6% to 7.53 million tonnes compared to the same period last year.
As follows from data of port administration, including sales volume of LSFO 380 decreased by 16% to 3.7 mln tons, MFO 380 decreased by 10% to 1.83 mln tons, LSFO 100 increased by 1.5% to 920 thousand tons, LSMGO decreased by 12% to 616.6 thousand tons, LSFO 180 decreased 1.9 times to 186.8 thousand tons, MGO decreased 3.1 times to 24.3 thousand tons.

Singapore companies are ready to cooperate with the Russian market
There is currently a demand for products:
- Agro-technology sector
- Telecommunications (any products for telecom operators or their clients)
- Blockchain projects, cyber security for telecoms are of particular interest.

Experts: Singapore supports institutional crypto investors more readily than private investors
Asian cryptocurrency experts, amid political uncertainty, have noted the favouring of big companies by Singapore's authorities. Andrew M. Bailey, an associate professor at Yale-NUS College (YNC) in Singapore and a researcher at the Bitcoin Policy Institute (BPI), noted a change in Singapore authorities' policy towards cryptocurrencies. "Regulators are increasingly making a distinction between retail and institutional activities, and they are much more friendly to the latter than the former," Bailey said.

Singapore's new rules of entry for foreigners come into force
Foreigners arriving in Singapore will no longer be stamped for crossing the border.
Singapore's border guards will no longer stamp the passport of foreigners arriving for short-term purposes, instead using electronic passes that will arrive in the post. The new rules took effect on Friday, the Immigration and Checkpoints Authority said in a statement.

Singapore prepares a new nomination for the UNESCO heritage list
Singapore will hold a public hearing on the nomination of another site to the UNESCO Intangible Cultural Heritage List. Recall that Singapore's street food culture, hawker culture - endlessly beloved by Singaporeans and recognised as one of the country's founding traditions - was inscribed on the List of Intangible Cultural Heritage of Humanity in 2020.
So far, ten candidates have been proposed for inclusion in the honourable list, including kueh desserts - a legacy of Peranakan and Malay traditions, Chingay Parade, orchid cultivation, Peranakan beadwork and embroidery, traditional medicine and others.
The National Heritage Board plans to hold a public consultation on the shortlist, as well as other possible contenders for nomination, in the middle of this year. In parallel, talks will continue with other interested parties to assess whether the public's proposals meet UNESCO's criteria.

Hilton Singapore Orchard opens in Singapore
At the end of February Hilton's impressive global collection was added to the brand's largest hotel in the Asia-Pacific region - Hilton Singapore Orchard, located in the heart of Singapore on Orchard Road. The 1,080-room hotel is designed to the highest standards of hospitality, combining vibrant contemporary design, a variety of culinary concepts and an innovative conference offering.
Singapore is a key business hub and a point of attraction for travellers from all over the world. The hotel's strategic location in close proximity to the Central Business District (CBD), fashionable shops of leading global brands and restaurants fulfilling the most cherished dreams of foodies will make it one of Hilton's flagships.
The stylish design of the Hilton Singapore Orchard pays homage to Singapore's rich colonial history and cultural heritage. In addition, the hotel has made extensive use of energy-saving technologies such as motion and light sensors and room access with digital keys.
Hilton Singapore Orchard features five restaurant concepts catering to the most discerning palates, including two Michelin-starred Shisen Hanten. There are also 16 versatile meeting and event spaces of all sizes and two ballrooms - the elegant Grand Ballroom, seating up to 900 guests, and the amphitheatre-style Imperial Ballroom with panoramic views of the city.

Jewellery & Gem World exhibition moves temporarily from Hong Kong to Singapore
Jewellery & Gem World (JGW) will temporarily relocate from Hong Kong to Singapore this September to make it convenient for international suppliers and buyers.
According to show organiser Informa Markets Jewellery, the change of venue is a one-off special arrangement, applicable only in 2022. JGW Singapore will be held from 27-30 September at the Singapore EXPO.