Asian Development Bank (ADB)

The three parties are targeting a total project value in excess of US$800 million over the period of 2025 to 2030.

Chosen firms will receive financial support and tailored AI training based on courses designed by Google and its partners.

ADB has revised its 2021 growth forecast for Singapore to 6.9%, from 6.5% previously.

The region’s gross domestic product will decline by 0.7% in 2020, down from June’s projection of an increase of 0.1%.

“No one can say how widely the Covid-19 pandemic may spread, and containment may take longer than currently projected,” said ADB’s chief economist Yasyuki Saswada

SINGAPORE (Aug 20): Singapore has been moving forward on its aim to be the lead broker of infrastructure projects in Southeast Asia, and is intent on getting the private sector more involved.

SINGAPORE (June 5): Singapore stands poised to connect global investors to the region, as Asia’s dynamism and growth look set to be the defining investment theme over the next decade, says Ravi Menon, managing director of the Monetary Authority of Singa

SINGAPORE (Mar 28): Olam International says it has secured a total of US$163 million ($213.4 million) in loans from Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA).