Hanoi (VNA) – The Monetary Authority of Singapore (MAS) a🐈nd the Association of Banks in Singapore (ABS) on June 25 announced the incorporation of Singapore Payments Network (SPaN), w♔hich will administer and govern Singapore’s national payment schemes.
The SPaN, which will be operational by 2026, will strengthen the governance of both national and cross-border payment schemes. The initial members of SPaN are MAS and financial institutions comprising Citibank, DBS Bank, HSBC, Maybank, OCBC, Standard Chartered Bank, and UOB.
SPaN will oversee systems such as FAST, GIRO, and SGD and USD cheque clearing. It replaces the existing scheme administrators and aims to improve coordination, speed up innovation, and strengthen the resilience of Singapore’s payment infrastructure.
A 11-member board will comprise two senior representatives from MAS, five bank and non-bank financial institutions, as well as four independent industry directors./.
The Vietnam Trade Office in Singapore urged all Vietnamese firms trading with Singapore to seriously comply with its legal regulations, particularly customs requirements.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia said the Singaporean government has long expressed its desire to establish a clean energy supply from Indonesia as well as Carbon capture and storage (CCS) services.
Indonesia is committed to pursuing a proactive foreign principle in both political and economic affairs amid rising global geopolitical tensions, according to Indonesian Minister of Finance Sri Mulyani Indrawati.
Minister Sulaiman issued a 14-day deadline for businesses to rectify practices, while cautioned that failure to comply would prompt strict enforcement measures.
In their statement, the ministers expressed concern over the escalation of tensions in the Middle East since June 13 and welcomed the ceasefire between Israel and Iran on June 24. They called on all parties to respect the ceasefire and avoid further escalation of the conflict.
The top three categories of illegal health product listings detected and removed by HSA consisted of medicine for skin and hair conditions (37%); antibiotic, antifungal and antiviral creams, tablets or capsules (15%); and unregistered contact lenses (13%).
Rudy Salim, executive chairman of Prestige Aviation – the company that introduced the EHang 216-S to Indonesia, said its agenda is to continue test flights, so that this can become a future mode of tourism and transportation.
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Indonesia as an appealing destination for investment in energy transition. It is Southeast Asia’s largest energy consumer and the region’s fourth most populous country. However, the majority of the country's existing power plants still rely on fossil fuels.
The Grandma Island soccer team was about to go to compete for Setokok Island, Batam city. In the middle of the trip, the boat was hit by waves and overturned.
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Thailand has imposed a comprehensive ban on electronic waste imports as it grapples with a burgeoning e-waste problem. A 2021 report from the Pollution Control Department revealed that the country generates over 400,000 tonnes of domestic electronic waste annually.
Phuket airport authorities said the incident did not affect flights or airport operations, and security personnel are also stepping up surveillance in public areas, with CCTV covering all the airport area.
The facility will integrate multiple components, including mining operations, a smelter, high-pressure acid leach (HPAL) processing, and production of precursors and cathodes.
A participant in the Malaysia Economic Forum 2025 said despite challenges, there are significant opportunities in AI, digital transformation, and green technologies, requiring the country to balance both risk and potential thoughtfully.
Themed “emerging trends in terrorism and violent extremism”, the event drew over 200 participants from domestic and international agencies, discussing the rapid evolution of terrorism and the need for stronger regional and global cooperation.
Indonesia aims to start nuclear power generation by 2034, with a government roadmap already in place to develop small modular reactors (SMRs) with capacities ranging from 300 to 500 megawatts.
The package, endorsed on June 24, comprises 481 projects designed to boost GDP by an additional 0.4% and generate temporary employment for about 7.4 million people nationwide.
An Indonesian official emphasised that energy security is extremely essential amid global geopolitical and economic fragmentation, highlighting the need for the energy industry to strengthen resilience and responsiveness in the face of fluctuating oil prices and the shift to clean energy.
