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NEWS

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Brighter economic outlook for 2018, but concerns remain

Singapore

SINGAPORE'S economy has staged a dramatic turnaround over the past year, going from the cusp of recession to its fastest pace of growth in almost a half-decade.

This strong showing is fuelling optimism among economists, corporates and market watchers about growth prospects for 2018.

Much of the lift has come from surging global demand for electronic gadgets, which ...more

Enterprises need to put digital at top of 2018 agenda

AS Singapore prepares to enter 2018, one common theme that will spill over to the new year is the increasing pace of technological change, and its far-reaching effect on the enterprise landscape in Singapore.

Even as companies come to grips with disruption caused by cloud computing, social media, mobility and big data, new lexicon is being added to an already long list of technologies that ...more

November factory output up 5.3% despite drag from biomedicals

Singapore

MANUFACTURERS are ending the year on a cheerful note amid a strengthening global outlook.

But economists expect the sector's breakneck pace of growth to slow in the new year, due partly to base effects. Singapore's factory output expanded 5.3 per cent year-on-year in November.

This was below economists' expectations of an 8.1 per cent increase - largely because ...more

Singapore firms fare better than global peers in sustainability reporting

Singapore

SUSTAINABILITY reporting among Singapore-listed companies has begun, but more needs to be done in terms of recognising climate change as a financial risk, says a KPMG survey on corporate responsibility (CR) reporting.

According to the report, 84 per cent of the largest companies in Singapore are now undertaking CR reporting, faring better than the global average of 72 per ...more

Singtel, EDMI to develop IoT-driven smart meters in Singapore

Singapore

SINGTEL and global smart metering solutions provider EDMI Limited are collaborating to develop a smart electric metering infrastructure for Singapore, the telco said on Wednesday.

The partners have successfully tested smart electric meters, powered by Singtel's nationwide Cat-M1 cellular Internet of Things (IoT) network.

The combination of smart meters with the ...more

HP unveils S$100m campus, home to its first advanced manufacturing centre

Singapore

SINGAPORE'S advanced manufacturing sector has received a fillip with the opening of HP's new Asia-Pacific Japan (APJ) campus at Depot Close.

HP on Wednesday officially unveiled its S$100 million new APJ headquarters located in the Telok Blangah district of Singapore. Spanning over 450,000 sq ft, it is also home to HP's first Smart Manufacturing Applications and Research ...more

Property recovery can further add to GDP growth in 2018: economists

Singapore

AFTER four years in the doldrums, the rapidly recovering property market is expected to give the Singapore economy a lift in 2018 - possibly pushing overall growth to come in stronger than expected, said private sector economists.

Alongside an electronics surge and external growth, the property sector was ranked among the top three upside factors for the economy next year, ...more

Singapore, Shandong to further increase trade and investment

Singapore

SINGAPORE and Shandong have agreed to further increase two-way trade and investments in areas of mutual interest, such as education, healthcare and energy and petrochemicals.

This comes as Chee Hong Tat, Senior Minister of State for Communications & Information and Health, led a delegation including government officials and businessmen to the eastern Chinese province from ...more

IoT can help smart cities solve major traffic problems

AROUND the world, governments are leveraging advancements in technology to make cities smarter and more efficient, and Singapore is no exception. One such technology used by cities is Smart Traffic Management - a solution that involves capturing, storing and processing vast amounts of data for cities to operate in a safer, more efficient environment. Informed by trends such as this, IDC now predicts ...more

Reserves help Singapore weather crises and keep economy stable: Heng Swee Keat

Singapore

SINGAPORE'S reserves give the nation long-term economic stability and also firepower to weather crises such as the global financial crisis, something many other economies do not possess, said Finance Minister Heng Swee Keat.

Mr Heng said the reserves have been accumulated over many years as a result of prudent spending by past generations, and suggestions to tap it for Singapore's ...more

The scary and exciting future of jobs

About 24 per cent of work activities in Singapore could be displaced by 2030.

That's what the data shows in a new study by consulting firm McKinsey & Company titled Jobs Lost, Jobs Gained: Workforce Transitions In A Time Of Automation.

Job displacement is nothing new. It's been going on for decades as we have shifted away from labour-intensive manufacturing to higher-value-added ...more

High time for the Smart Nation to dive into Startup Nation

EARLIER this year, the Global Startup Ecosystem Report and Ranking 2017 by Startup Genome, a US-based organisation, revealed that Singapore has overtaken tech mecca Silicon Valley as the world's No 1 for startup talent. The report credited Singapore's innovative policies for its success as a great startup ecosystem, and added that Singapore's performance numbers are sound and will probably continue ...more

Manufacturing shows strong signs of broad-based growth

Singapore's manufacturers are set to end the year with a big bang, fuelled largely by the continued growth in electronics.

Strong signs of expansion are also emerging in other segments of the manufacturing sector, said economists yesterday.

The uptrend is underlined in the latest Purchasing Managers' Index (PMI) - an early indicator of manufacturing activity - which showed a brisk ...more

New S$42.4m Singtel-NTU lab set up to develop, commercialise digital tech

Singapore

TELCO Singtel and Nanyang Technological University (NTU) have set up a S$42.4 million laboratory to develop and commercialise digital technologies.

The new Singtel Cognitive and AI Lab for Enterprises (Scale@NTU) will focus on artificial intelligence (AI), data analytics, robotics and the Internet of Things.

The five-year collaboration will work on commercialising ...more

To digitalise, or not to digitalise: That is not the question

BUSINESSES today stand at the cusp of what is being identified as the Fourth Industrial Revolution. They will be propelled by the rise of cyber-physical systems built on data, technology, the tenets of artificial intelligence, robotics, automation, cloud computing, mobility devices and augmented or virtual reality.

Already, there are early developments as the fourth industrial revolution gets ...more
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