In March 2013, the People's Bank of China and the Monetary Authority of Singapore renewed the bilateral local currency swap agreement between China and Singapore, and the swap scale was expanded to 300 billion yuan/60 billion Singapore dollars.20 May 2002 Both countries established diplomatic relations on 20 May 2002. East Timor has an embassy in Singapore. Singapore is accredited to East Timor from its embassy in Jakarta, Indonesia.See India-Singapore relations thumb|Singapore Navy frigate RSS Formidable (68) steams alongside the Indian Navy frigate INS Brahmaputra (F 31) in the Bay of Bengal. Singapore is one of India's strongest allies in South East Asia. India and Singapore share long-standing cultural ties with more than 300,000 people of Indian origin living in Singapore.
In March 2013, the People's Bank of China and the Monetary Authority of Singapore renewed the bilateral local currency swap agreement between China and Singapore, and the swap scale was expanded to 300 billion yuan/60 billion Singapore dollars.20 May 2002 Both countries established diplomatic relations on 20 May 2002. East Timor has an embassy in Singapore. Singapore is accredited to East Timor from its embassy in Jakarta, Indonesia.See India-Singapore relations thumb|Singapore Navy frigate RSS Formidable (68) steams alongside the Indian Navy frigate INS Brahmaputra (F 31) in the Bay of Bengal. Singapore is one of India's strongest allies in South East Asia India and Singapore share long-standing cultural ties with more than 300,000 people of Indian origin living in Singapore.