He was speaking to 888 invited guests at the Spring Reception at the Singapore Chinese Cultural Centre. Read more at straitstimes.com.

Singapore maintains its position as the largest investor in Indonesia. In 2024, the total investment reached US$20.1 billion.

Experts say “evolving social dynamics” are reshaping traditional customs as younger generations choose new ways to spend Chinese New Year.

Singapore saw about 2.9 million tourists from China in the first 11 months of last year, overtaking Indonesia as the top source of visitors.

DBS Group on Monday said it acquired an additional stake in Shenzhen Rural Commercial Bank for 1.60 billion yuan ($220.37 million), bringing its total stake in the Chinese lender to 19.40%.

DeepSeek- which is backed by Chinese hedge fund High-Flyer- had said in July 2022 that it owned and operated a cluster of 10,000 A100 Nvidia chips, which are a less advanced version of Nvidia’s AI chips, developed specifically for China. The chips are also compliant with U.S. export restrictions.

Prime Minister Lawrence Wong said that escalating tensions between the two countries could lead to catastrophic global consequences.

The project is intended to bring together Malaysia’s land and labor with Singaporean finance and investment.

US officials are probing whether Chinese AI startup DeepSeek bought advanced Nvidia Corp. semiconductors through third parties in Singapore, circumventing US restrictions on sales of chips used for artificial intelligence tasks, people familiar with the matter said.

China tourist to Lion City spotted spitting into manhole on street could face maximum financial penalty of US$7,000 if he fails to pay US$220 on time.

According to the spokesperson, the revenue from Singapore does not suggest a diversion to China. NVIDIA's public filings report on the "bill to" locations of their customers, not the "ship to" locations. This implies that the company's revenue figures are based on where their customers are billed, not where the products are ultimately shipped to.