The manufacturing facility, supported by Singapore's Economic Development Board, is for antibody drug conjugates, and will be designed to be "zero carbon" from its first day of operation in 2029.
The bank wants to help scale digital 'platform players', and is also offering $150m of venture debt to the Singapore market to provide financing to early-stage, high-growth companies backed by venture capital or private equity.
The Monetary Authority of Singapore wants the credits to help with the retirement of coal plants, which account for 60% of energy supply in the region, and replace them with cleaner sources.
StraitsX and XREX have become the latest two blockchain firms to receive approval from MAS as major payment institutions (MPI) under the city’s payment service providers licensing scheme. They discussed their plans with FA.
New regulations for data and mandatory reporting are acting as a catalyst for making the country a regional ESG hub, a key topic at this week's Singapore Fintech Week.