Singapore and India conclude 5-day maritime exercise
The Republic of Singapore Navy's RSS Supreme and RSS Vigilance sailing in formation with the Indian Navy's INS Satpura during the sea phase of the Singapore-Indian Maritime Bilateral Exercise 2025.
SINGAPORE - The Singapore and Indian navies concluded a five-day bilateral exercise on Aug 1 that involved ships from both navies and aircraft from the Republic of Singapore Air Force (RSAF).
The Singapore-India Maritime Bilateral Exercise (Simbex) was held on shore at the RSS Singapura - Changi Naval Base , and at sea in the southern reaches of the South China Sea , said the Ministry of Defence (Mindef) on Aug 2 .
This was the 32nd edition of Simbex, which was first held in 1994 . It takes place at a significant moment as
Singapore and India mark the 60th anniversary of diplomatic ties, Mindef added.
The exercise saw the Republic of Singapore Navy (RSN) deploy a Formidable-class frigate RSS Supreme and a Victory-class missile corvette RSS Vigilance , which was supported by cargo ship MV Mentor .
A S-70B naval helicopter , two Fokker-50 maritime patrol aircraft and two F-15SG fighter jets from the RSAF were also involved.
The Indian Navy (IN) participated in the exercise with a Shivalik-class frigate INS Satpura .
During the exercise's shore phase, both navies participated in joint planning, simulator training, professional exchanges and sports.
They also shared best practices related to maritime air operations and compliant boarding procedures over subject matter expert exchanges, said Mindef.
At sea, the participating forces conducted complex warfare serials, including gunnery firing, air defence exercises and maritime security drills. This phase concluded with a sail-past by ships from both navies.
Mindef said the successful running of Simbex 2025 underscores the 'enduring partnership' between the IN and the RSN.
The annual exercise is one of the RSN's longest running bilateral maritime exercises, and India's longest continuous bilateral naval exercise with any other country.
Mindef said the complexity of Simbex has expanded over the years to incorporate elements of maritime security and exercise serials in the air, as well as surface and sub-surface domains.
Lieutenant-Colonel Aaron Koh , the commanding officer of RSS Supreme , said: 'Simbex is a testament to the long-standing bilateral ties between the Republic of Singapore Navy and the Indian Navy.
'Over the years, the exercise has served as a valuable platform for generations of sailors to hone operational competencies, enhance mutual understanding and build enduring people-to-people ties.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Straits Times
8 minutes ago
- Straits Times
US ETF becomes substantial shareholder of SGX-listed small-cap; has stakes in 30 S'pore stocks
Sign up now: Get ST's newsletters delivered to your inbox AVDV ETF increased its stake in oil company Rex International to 5.3 per cent – or slightly over 69 million shares – on July 17 at $0.178 apiece. SINGAPORE - A US-based exchange-traded fund (ETF) has recently become a substantial shareholder of a Singapore-listed small-cap company. Avantis International Small Cap Value ETF (AVDV) increased its stake in oil company Rex International to 5.3 per cent – or slightly over 69 million shares – on July 17 at 17.8 cents apiece, according to a statement by the Singapore Exchange (SGX) on July 29. This transaction crossed the threshold of 5 per cent that qualifies it as a substantial shareholder under Singapore law. The fund is owned by American Century Investments, based in Kansas City, and focuses on a broad range of small-cap stocks listed in non-US developed markets, targeting those with low valuations and strong profitability. Industrials, materials, financials and energy sector stocks make up the bulk of its portfolio. Japan is the fund's largest market, while most of its other investments are in Europe and Australia. The ETF's year-to-date return as at July 31 is 25.26 per cent, and it closed at US$80.31 on Aug 1. Top stories Swipe. Select. Stay informed. Singapore Singapore launches review of economic strategy to stay ahead of global shifts Singapore A look at the five committees reviewing Singapore's economic strategy World Trump says he will 'substantially' raise tariffs on India over Russian oil purchases Singapore Strong S'pore-Australia ties underpinned by bonds that are continually renewed: President Tharman Singapore All recruits at BMTC will be trained to fly drones and counter them: Chan Chun Sing Sport Singaporean swimmer Gan Ching Hwee at 'crossroads' after World Aquatics C'ships display Singapore Ong Beng Seng to be sentenced on Aug 15, prosecution does not object to fine due to his poor health Singapore Pritam Singh had hoped WP would 'tip one or two more constituencies' at GE2025 It was established in 2019 and has been investing in SGX-listed stocks since then. American Century's investment in Rex International makes up 0.09 per cent of AVDV's assets under management, which are valued at close to US$11 billion (S$14.1 billion). This is also the first time an ETF has become a substantial shareholder of an SGX-listed small-cap company, said Mr Geoff Howie, market strategist at SGX. Small-cap stocks are valued at under $1 billion, while large-cap stocks are over $5 billion and mid-cap stocks are valued in between. 'Outside of large-cap stocks, we had not seen an ETF provider emerge as a substantial shareholder,' said Mr Howie. He added that no ETF has made similar investments to become a substantial shareholder in small-cap companies listed on other regional exchanges. Therefore, American Century's investment could spell a new positive trend for small-cap companies in Singapore, he noted. He said: 'Small-cap stocks could emerge as a new sector for investments, especially with more companies looking to capitalise on Singapore's reputation as a good place for doing business. 'There is a lot of potential for liquidity to come into the small and mid-cap sectors.' This would also bode well for the Monetary Authority of Singapore's Equity Market Development Programme (EQDP), aimed at boosting SGX-listed stocks and revitalising Singapore's stock market. Mr Vasu Menon, managing director of investment strategy at OCBC Bank, said American Century's investment in SGX-listed small-cap stocks is testament to the confidence that global institutional investors have in the EQDP. 'It is also a recognition that undiscovered gems can be found among small and mid-cap stocks here which have underperformed against large-cap stocks.' He added that AVDV's move would help to raise the profile of small-cap stocks and generate interest from other US and global institutional funds, which should augur well for such companies listed here. Mr Matthias Chan, head of equities research at SAC Capital, said: 'If more foreign-based ETFs are drawn to Singapore equities, it will more than likely target the small to mid-cap space, and for good reason. 'Although the FTSE ST Small Cap Index may have recovered over the past year in line with the market, it is still down 11 per cent over the past three years and 7 per cent over the past five years, suggesting further meaningful upside.' AVDV is currently invested in 30 stocks listed on SGX, which delivered a 42 per cent total return on average, according to SGX. Twenty-two of these stocks delivered a higher average daily turnover of $52.9 million to date in 2025 , compared with $29.3 million for the whole of 2024. The portfolio comprises a mix of Singapore and foreign companies, many of which are in the energy and industrials sectors. Mr Howie said that AVDV's investment in foreign companies listed on SGX is testament to Singapore's advantage as a financial centre in the region with a strong currency. 'If these companies were listed in emerging Asian markets instead, they would not be part of this ETF.' Chinese investment holding firm Yangzijiang Financial Holding – the financial arm of a Chinese shipbuilding company – which has a market cap of $3.27 billion, is the ETF's largest exposure to SGX stocks. It holds 89.6 million shares, or a 2.6 per cent interest, in the company, comprising 0.61 per cent of its stock weight. This investment is also the fund's ninth largest in its entire portfolio. Other SGX-listed stocks in the ETF's portfolio include Indonesian palm oil producer First Resources, with a 1 per cent stake or 15.5 million shares; Indonesian shipping company Samudera Shipping Line, with a 2.5 per cent stake or 13.5 million shares; and Hong Kong port operator Hutchison Port Holdings Trust, with a 0.6 per cent stake or 52 million shares. The portfolio also includes a number of Singapore companies, including construction company Wee Hur Holdings, with a 2.3 per cent stake or 21.4 million shares; industrial systems company CSE Global, with a 0.8 per cent stake or 5.7 million shares; and Keppel Infrastructure Trust, with a 0.1 per cent stake or 6.9 million shares. Other Singapore companies include The Hour Glass, Raffles Medical Group and Food Empire Holdings.


CNA
6 hours ago
- CNA
Digital literacy: About 250,000 people to benefit from S$3m boost to national fund, workshops
About 250,000 seniors, youths and individuals with special needs will benefit from a new S$3 million boost to a national fund promoting digital inclusion. Separately, there will be workshops on everyday banking and Generative AI to help people build practical digital skills. It is part of a renewed three-year tie-up between Singapore's largest bank and the Infocomm Media Development Authority. Karen Ngui, MD and Head at DBS Foundation, and Douglas Goh, Director, Digital Engagement and Adoption at the SG Digital Office at the Infocomm Media Development Authority, talk about why this initiative is important for Singapore and DBS. They also talk about how they will recruit participants for these workshops.


CNA
6 hours ago
- CNA
Local antique stores see boost in sales of Singapore-related items
Some local antique stores have seen sales of Singapore-related items increase by up to 40 per cent this year, compared with last year. This is as the nation celebrates its 60th birthday. Their customers are also younger, as a new generation, spurred by social media, unpacks the nation's history through vintage items. In this lead-up to National Day, Muhammad Bahajjaj finds out the appeal of these items.