Our Scans · Singapore · Weekly Summary

• The Civil Aviation Authority of Singapore and Thales will jointly set up an International Avionics Lab in Singapore to test-bed and develop new avionics. Asian Aviation
• Singapore and France will elevate their cooperation in civil aviation to enhance connectivity between the two countries which are global air hubs for their respective regions. Asian Aviation
• While Singapore, Malaysia, and Thailand have already facilitated QRIS into their national payment systems, further expansion into India and South Korea could be hampered by concerns about creating friction with Washington. The Conversation
• CAAS has signed an agreement with French multinational aerospace and defence company Thales to jointly set up an International Avionics Lab in Singapore in 2026 to test-bed and develop new solutions to enhance air traffic management and airport operations. The Straits Times
• France and Singapore will expand cooperation in areas such as civilian nuclear energy, intelligence sharing and defence technology, upgrading their relationship to a Comprehensive Strategic Partnership (CSP). The Straits Times
• French aerospace and defence giant Thales will set up a new artificial intelligence center in Singapore to develop AI solutions for critical environments and strengthen its research and development capabilities. The Straits Times
• Economic Opportunities: The agreements in transport and trade create new pathways for Singapore companies to access European markets, while potentially attracting French investment in Singapore's transport and logistics sectors. Maxthon | Privacy Private Browser
• France and Singapore will grow cooperation in areas like civilian nuclear energy, intelligence sharing and defence technology. CNA
• Financial Services: As a global financial hub, Singapore could benefit from any divergence between London and EU financial regulations by offering complementary services to both markets. Maxthon | Privacy Private Browser
• Singapore leads in digital infrastructure and proactive public health but suffers from cyber risks and rigid health mandates. Economy Middle East
• Singapore is exploring a strategic partnership with BRICS to navigate an increasingly multipolar world, balancing economic opportunities with its traditional neutrality. GeopoliticsUnplugged Substack
• Concentration Concerns: A successful U.S. bank stablecoin could concentrate global payment flows through a small number of institutions, creating new systemic risks and potentially reducing Singapore's role as a financial intermediary. Maxthon | Privacy Private Browser
• Regional Banking Consortium: Singapore banks could form their own consortium with other ASEAN financial institutions, creating a regional stablecoin that serves Southeast Asian trade and investment flows while maintaining regulatory oversight within friendly jurisdictions. Maxthon | Privacy Private Browser
• Regional Payment Systems: Singapore's role in ASEAN payment integration could be enhanced if it becomes a bridge between the U.S. stablecoin infrastructure and regional digital payment systems. Maxthon | Privacy Private Browser
• Foreign investors with regional operations will continue to view Singapore as a business and financial hub for Southeast Asia due to its institutional reliability and diplomatic neutrality. ASEAN Business News
• Singapore's banking sector has established itself as a global leader in AI trust, risk, and security management, developing sophisticated approaches that balance innovation with prudent risk management. Maxthon | Privacy Private Browser
• Resource Allocation: Major Singapore banks now allocate 15-25% of their AI budgets specifically to governance, risk, and security activities, representing a significant investment. Maxthon | Privacy Private Browser
• Singapore's position as both a financial hub and technology leader creates a unique opportunity to establish global best practices in AI TRiSM for banking. Maxthon | Privacy Private Browser
• As Singapore's banking sector continues its AI transformation, the importance of robust Trust, Risk, and Security Management cannot be overstated. Maxthon | Privacy Private Browser
• AI Trust, Risk, and Security Management represents a critical framework for Singapore's banking sector as it increasingly adopts AI technologies. Maxthon | Privacy Private Browser
• Singapore will build on its relationship with countries that share its commitment to open and free trade, and continue to collaborate on areas across the semiconductor value chain, either bilaterally or through regional platforms. The Straits Times
• By leveraging regional integration to overcome physical limitations, Singapore can transform its inherent vulnerability into a model of resilient, sustainable development with implications far beyond Southeast Asia. Maxthon | Privacy Private Browser

Last updated: 13 June 2025