Singapore charity raises $55,000 for Tanjong Katong sinkhole heroes; DPM Gan says US non-committal on whether baseline tariff will stay at 10%: Singapore live news
Deputy Prime Minister Gan Kim Yong was in the US last week to discuss tariff concessions. On Tuesday (29 July), DPM Gan revealed that US officials were "non-committal" on whether its baseline tariff on Singaporean goods would stay at 10%.
Read more in our live blog below, including the latest local and international news and updates.
Singapore charity raises $55,000 for Tanjong Katong sinkhole heroes
Singapore charity ItsRainingRaincoats has raised around $55,000 for the group of brave migrant workers who rescued a woman driver from her car which had been swallowed up by a sinkhole in Tanjong Katong Road South on 26 July.
For their quick-thinking and heroism, the seven foreign workers involved in the rescue were recently awarded special commemorative coins by Minister of State for Manpower Dinesh Vasu Dash.
However, ItsRainingRaincoats founder Dipa Swaminathan wanted to do more for the workers as her charity had been "overwhelmed by requests" from members of the public, reports Mothership. "The reason they're here is to earn a living. The reason they sacrifice being away from their family, is to come here and learn a living," she told the publication.
"So really, what [could be] more meaningful than funds for them to further their prospects?"
According to Dipa, the fundraiser surpassed $24,000 within 24 hours. At press time today, the figure is at $54,991 from over 1300 donors.
The migrant workers named in the rescue are Pitchai Udaiyappan Subbiah, Sathapillai Rajendran, Velmuragan Muthusamy, Poomalai Saravanan, Ganesan Veerasekar, Bose Ajithkumar and Narayanasamy Mayakrishnan.
The ItsRainingRaincoats fundraiser for the workers remains open and you can donate here.
DPM Gan says US non-committal on whether baseline tariff will stay at 10%
The US was non-committal on whether its baseline tariff on Singaporean goods would stay at 10% in talks last week, Deputy Prime Minister Gan Kim Yong said on Tuesday (29 July).
DPM Gan, who is also Singapore's trade minister, was at an Institute of Policy Studies (IPS) and Singapore Business Federation (SBF) conference, and made the comments during a dialogue moderated by journalist David Rennie.
Gan said he had asked US officials whether they were open to negotiations on the 10% tariff.
"I think the answer for the time being was quite obvious – they are not in the mood to discuss any discount to the baseline tariff," he said.
When DPM Gan pressed officials if the baseline tariff would go higher or lower, their response did not give much awa
"The answer was non-committal. They are still reviewing the tariff, and in time to come they will make an appropriate announcement, so we just have to wait and see," Gan said.
Singapore charity ItsRainingRaincoats has raised around $55,000 for the group of brave migrant workers who rescued a woman driver from her car which had been swallowed up by a sinkhole in Tanjong Katong Road South on 26 July.
For their quick-thinking and heroism, the seven foreign workers involved in the rescue were recently awarded special commemorative coins by Minister of State for Manpower Dinesh Vasu Dash.
However, ItsRainingRaincoats founder Dipa Swaminathan wanted to do more for the workers as her charity had been "overwhelmed by requests" from members of the public, reports Mothership. "The reason they're here is to earn a living. The reason they sacrifice being away from their family, is to come here and learn a living," she told the publication.
"So really, what [could be] more meaningful than funds for them to further their prospects?"
According to Dipa, the fundraiser surpassed $24,000 within 24 hours. At press time today, the figure is at $54,991 from over 1300 donors.
The migrant workers named in the rescue are Pitchai Udaiyappan Subbiah, Sathapillai Rajendran, Velmuragan Muthusamy, Poomalai Saravanan, Ganesan Veerasekar, Bose Ajithkumar and Narayanasamy Mayakrishnan.
The ItsRainingRaincoats fundraiser for the workers remains open and you can donate here.
DPM Gan says US non-committal on whether baseline tariff will stay at 10%
The US was non-committal on whether its baseline tariff on Singaporean goods would stay at 10% in talks last week, Deputy Prime Minister Gan Kim Yong said on Tuesday (29 July).
DPM Gan, who is also Singapore's trade minister, was at an Institute of Policy Studies (IPS) and Singapore Business Federation (SBF) conference, and made the comments during a dialogue moderated by journalist David Rennie.
Gan said he had asked US officials whether they were open to negotiations on the 10% tariff.
"I think the answer for the time being was quite obvious – they are not in the mood to discuss any discount to the baseline tariff," he said.
When DPM Gan pressed officials if the baseline tariff would go higher or lower, their response did not give much awa
"The answer was non-committal. They are still reviewing the tariff, and in time to come they will make an appropriate announcement, so we just have to wait and see," Gan said.
The US was non-committal on whether its baseline tariff on Singaporean goods would stay at 10% in talks last week, Deputy Prime Minister Gan Kim Yong said on Tuesday (29 July).
DPM Gan, who is also Singapore's trade minister, was at an Institute of Policy Studies (IPS) and Singapore Business Federation (SBF) conference, and made the comments during a dialogue moderated by journalist David Rennie.
Gan said he had asked US officials whether they were open to negotiations on the 10% tariff.
"I think the answer for the time being was quite obvious – they are not in the mood to discuss any discount to the baseline tariff," he said.
When DPM Gan pressed officials if the baseline tariff would go higher or lower, their response did not give much awa
"The answer was non-committal. They are still reviewing the tariff, and in time to come they will make an appropriate announcement, so we just have to wait and see," Gan said.
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Singapore charity raises $55,000 for Tanjong Katong sinkhole heroes; DPM Gan says US non-committal on whether baseline tariff will stay at 10%: Singapore live news
A charity in Singapore has stepped up to raise around $55,000 for the group of migrant workers who rescued a woman driver from her car after it fell into a sinkhole in Tanjong Katong Road South on 26 July. ItsRainingRaincoats founder Dipa Swaminathan, as reported by Mothership, said her charity had been "overwhelmed by requests" from members of the public, who wanted to thank the workers for their act of heroism. Deputy Prime Minister Gan Kim Yong was in the US last week to discuss tariff concessions. On Tuesday (29 July), DPM Gan revealed that US officials were "non-committal" on whether its baseline tariff on Singaporean goods would stay at 10%. Read more in our live blog below, including the latest local and international news and updates. Singapore charity raises $55,000 for Tanjong Katong sinkhole heroes Singapore charity ItsRainingRaincoats has raised around $55,000 for the group of brave migrant workers who rescued a woman driver from her car which had been swallowed up by a sinkhole in Tanjong Katong Road South on 26 July. For their quick-thinking and heroism, the seven foreign workers involved in the rescue were recently awarded special commemorative coins by Minister of State for Manpower Dinesh Vasu Dash. However, ItsRainingRaincoats founder Dipa Swaminathan wanted to do more for the workers as her charity had been "overwhelmed by requests" from members of the public, reports Mothership. "The reason they're here is to earn a living. The reason they sacrifice being away from their family, is to come here and learn a living," she told the publication. "So really, what [could be] more meaningful than funds for them to further their prospects?" According to Dipa, the fundraiser surpassed $24,000 within 24 hours. At press time today, the figure is at $54,991 from over 1300 donors. The migrant workers named in the rescue are Pitchai Udaiyappan Subbiah, Sathapillai Rajendran, Velmuragan Muthusamy, Poomalai Saravanan, Ganesan Veerasekar, Bose Ajithkumar and Narayanasamy Mayakrishnan. The ItsRainingRaincoats fundraiser for the workers remains open and you can donate here. DPM Gan says US non-committal on whether baseline tariff will stay at 10% The US was non-committal on whether its baseline tariff on Singaporean goods would stay at 10% in talks last week, Deputy Prime Minister Gan Kim Yong said on Tuesday (29 July). DPM Gan, who is also Singapore's trade minister, was at an Institute of Policy Studies (IPS) and Singapore Business Federation (SBF) conference, and made the comments during a dialogue moderated by journalist David Rennie. Gan said he had asked US officials whether they were open to negotiations on the 10% tariff. "I think the answer for the time being was quite obvious – they are not in the mood to discuss any discount to the baseline tariff," he said. When DPM Gan pressed officials if the baseline tariff would go higher or lower, their response did not give much awa "The answer was non-committal. They are still reviewing the tariff, and in time to come they will make an appropriate announcement, so we just have to wait and see," Gan said. Singapore charity ItsRainingRaincoats has raised around $55,000 for the group of brave migrant workers who rescued a woman driver from her car which had been swallowed up by a sinkhole in Tanjong Katong Road South on 26 July. For their quick-thinking and heroism, the seven foreign workers involved in the rescue were recently awarded special commemorative coins by Minister of State for Manpower Dinesh Vasu Dash. However, ItsRainingRaincoats founder Dipa Swaminathan wanted to do more for the workers as her charity had been "overwhelmed by requests" from members of the public, reports Mothership. "The reason they're here is to earn a living. The reason they sacrifice being away from their family, is to come here and learn a living," she told the publication. "So really, what [could be] more meaningful than funds for them to further their prospects?" According to Dipa, the fundraiser surpassed $24,000 within 24 hours. At press time today, the figure is at $54,991 from over 1300 donors. The migrant workers named in the rescue are Pitchai Udaiyappan Subbiah, Sathapillai Rajendran, Velmuragan Muthusamy, Poomalai Saravanan, Ganesan Veerasekar, Bose Ajithkumar and Narayanasamy Mayakrishnan. The ItsRainingRaincoats fundraiser for the workers remains open and you can donate here. DPM Gan says US non-committal on whether baseline tariff will stay at 10% The US was non-committal on whether its baseline tariff on Singaporean goods would stay at 10% in talks last week, Deputy Prime Minister Gan Kim Yong said on Tuesday (29 July). DPM Gan, who is also Singapore's trade minister, was at an Institute of Policy Studies (IPS) and Singapore Business Federation (SBF) conference, and made the comments during a dialogue moderated by journalist David Rennie. Gan said he had asked US officials whether they were open to negotiations on the 10% tariff. "I think the answer for the time being was quite obvious – they are not in the mood to discuss any discount to the baseline tariff," he said. When DPM Gan pressed officials if the baseline tariff would go higher or lower, their response did not give much awa "The answer was non-committal. 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They are still reviewing the tariff, and in time to come they will make an appropriate announcement, so we just have to wait and see," Gan said.
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The Southeast Asia casting polyurethane market is defined by industrial expansion, driving demand for durable polyester-based rollers and custom elastomeric parts valued for superior load-bearing capacity and operational longevity in manufacturing, mining, and infrastructure sectors. Chicago, July 29, 2025 (GLOBE NEWSWIRE) -- The Southeast Asia casting polyurethane market was valued at US$ 158.31 million in 2024 and is expected to reach US$ 308.18 million by 2033, growing at a CAGR of 7.82% during the forecast period 2025–2033. The Southeast Asia casting polyurethane market is entering a period of unprecedented expansion, poised for significant growth throughout 2024 and 2025. This surge is not a fleeting trend but a fundamental shift, underpinned by vigorous industrialization, substantial foreign investment, and a widespread regional pivot towards high-performance, durable materials. 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Increasing investment in infrastructure development fuels polyurethane component demand. Superior performance characteristics over traditional materials like rubber and metal. Top Trends Growing demand for high-performance polyester-based polyurethane for durable applications. Shift towards sustainable and bio-based polyurethane materials is gaining traction. Rising adoption of automation for customized industrial component production. Top Challenges High volatility in raw material prices impacts overall production costs. Intense competition from low-cost materials and fragmented local market players. Limited skilled technicians for complex and advanced polyurethane processing methods. Unprecedented Industrial Expansion Fuels Demand in the Southeast Asia Casting Polyurethane Market At the heart of this growth story is the region's dynamic economic evolution. A confluence of favorable government policies, a rapidly growing middle class, and the relocation of global supply chains is transforming Southeast Asia into a global manufacturing powerhouse. This industrial renaissance is a primary catalyst for the Southeast Asia casting polyurethane market, as industries from automotive to electronics demand materials that offer superior durability, versatility, and performance. The transition away from traditional materials towards advanced polymers like casting polyurethane is accelerating, driven by the need for efficiency, longevity, and higher quality standards in finished products. Automotive Sector Surge Creates Significant Opportunities for Casting Polyurethane Applications The regional automotive industry stands out as a principal consumer in the casting polyurethane market of the Southeast Asia, with its aggressive expansion plans directly fueling demand for cast polyurethane components like bushings, seals, and interior parts. 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Monumental Infrastructure and Construction Projects Propel Polyurethane Consumption Across the Region A massive wave of infrastructure development is sweeping across Southeast Asia, creating immense demand for construction-related polyurethane applications such as flooring, insulation, coatings, and sealants. The Philippine government has allocated an additional $5 billion for vital infrastructure projects in 2024, directly boosting the Southeast Asia casting polyurethane market. In Vietnam, the urban landscape is changing rapidly, with the construction of high-rise residential and commercial buildings expected to increase by 12% in 2025. Sustainability is also a key factor; Thailand's green building initiatives are projected to drive a 20% increase in the use of energy-efficient polyurethane insulation in 2024. 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Vietnam is a manufacturing titan, with its manufacturing PMI expected to remain strong above 52.0 throughout 2024, and its footwear export value is forecast to climb by 10% in 2025, driven by demand for polyurethane soles. Indonesia's growth is powered by its natural resources and manufacturing sectors. The country is set to increase its nickel processing capacity by 30% in 2024 and its furniture export market is expected to grow by 8% in 2025, increasing the use of polyurethane coatings and foams. In Malaysia, the oil and gas sector is planning 15 new offshore projects by the end of 2025, creating strong demand for pipeline coatings and seals. Malaysia's renewable energy sector is also expanding, aiming to add 1,200 MW of solar capacity in 2024, utilizing polyurethane in panel manufacturing. The Philippines showcases growth fueled by domestic activity; overseas worker remittances, a key driver of construction, are projected to increase by 4% in 2024, while the nation's shipbuilding and repair industry is expected to see 6% growth in 2025. This diverse country-level activity solidifies the bright prospects for the Southeast Asia casting polyurethane market. Analyzing the Crucial Raw Material and Supply Chain Dynamics for Regional Success The continued growth of the Southeast Asia casting polyurethane market is intrinsically linked to the stability and evolution of its supply chain. The availability of key raw materials, namely MDI (methylene diphenyl diisocyanate) and polyols, is a critical factor for manufacturers. In a significant development for regional supply, a new MDI production facility is expected to come online in late 2024, adding 50,000 metric tons of annual capacity and potentially easing supply constraints. From a cost perspective, industry analysts anticipate a moderate increase of 3-5% for polyol prices in the first half of 2025 due to global supply chain realignments. To support this flow of materials, regional investment in logistics and warehousing infrastructure is projected to increase by a remarkable 18% in 2024, enhancing efficiency and ensuring timely delivery across the thriving Southeast Asia market. Need a Customized Version? Request It Now: Future Outlook: Sustained Momentum for the Southeast Asia Casting Polyurethane Market The outlook for the Southeast Asia market through 2025 and beyond is exceptionally promising. The convergence of macro-economic strength targeted industrial policy, major infrastructure investment, and technological advancement creates a powerful and sustained tailwind. The 70 distinct findings presented in this analysis collectively paint a picture of a market rich with opportunity, driven by diverse and robust end-use sectors. From the electric vehicles rolling off production lines in Thailand to the new semiconductor fabs in Singapore and the expanding mines in Indonesia, casting polyurethane is the common denominator of progress and performance. Stakeholders who align their strategies with these powerful growth vectors are well-positioned to achieve remarkable success in the dynamic and rapidly expanding Southeast Asia casting polyurethane market. Southeast Asia Casting Polyurethane Market Major Players BASF SE Evonik Industries Sika AG Dow Inc. Asia Polyurethane Line Seiki Co., Ltd. Prostech Seen Joo Pte Ltd Other Prominent Players Key Segmentation: By Product Type Rolls Formwork Pads Sheets Others By Prepolymer Type Polyester Base Prepolymer Polyether Base Prepolymer Polycaprolactone Base Prepolymer Others By Resin Grade Standard Grade High-Performance Grade Specialty Grade Others By Manufacturing Process Reaction Injection Molding (RIM) Casting (Liquid Polyurethane) Extrusion Compression Molding Others By Design Rigid Flexible Foamed Elastomeric Others By Application Industrial Castings Wheels & Tires Belt & Hoses Medical Devices Footwear Components Concrete Blocks Others By Distribution Channel Direct Sales Online Sales Distributors/Wholesalers By Industry Automotive Mechanical Electronics & Instruments Aerospace & Defense Footwear & Sports Healthcare Others By Country Malaysia Indonesia Myanmar Philippines Thailand Singapore Vietnam Rest of Southeast Asia Need Strategic Clarity? Talk to Our Analyst Today: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data