The Times Business Directory is a comprehensive compilation of key businesses including Singapore 1000 and SME 1000 companies.

Times Business Directory News

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Commuters can now pay for train, bus rides using wearables


SINGAPORE is another step closer to a cashless society.

On Thursday, EZ-Link announced that commuters can finally pay for MRT and bus rides using a smart wearable, following a collaboration with Watchdata Technologies and Garmin. This is said to make Singapore the first country in South-east Asia to let individuals pay for public transport rides with a tap of a wrist wearable.

With ...more

Digital revolution driving demand for IT professionals: survey


IT is not all doom and gloom for Singapore's labour market, as the information technology (IT) sector appears to be booming this year due to digital revolution, said recruitment firm Robert Walters.

Companies are undertaking digital transformation, with traditional retail moving into e-commerce, and this drives the high demand for technology professionals, based on its latest ...more

Singapore SMEs beat global average in export value per firm


IT looks like Singapore's small and medium-sized enterprises (SMEs) have been busy selling their wares overseas - running up the highest average annual exporting revenue per company of US$2.21 million.

The global average: US$1.5 million.

A study commissioned by FedEx Express, titled "Global Trade in the Digital Economy: Opportunities for Small Businesses", found ...more

S'pore firms remain sanguine despite frequency of cyberattacks: survey


ONE in four cyberattacks on Singapore organisations succeed, meaning two to three effective attacks per month for the average company in the past year, according to a new security survey from Accenture.

Yet, 77 per cent of Singapore respondents expressed confidence in their enterprises' ability to protect themselves.

In the report, Building Confidence: Facing the ...more

Transform or risk new normal of low, slow growth

Of late, the outlook for the Singapore economy has not been good. Businesses are bracing themselves for a challenging year ahead and workers may be anxious about their job prospects.

The current slowdown merits more attention as it is both cyclical and structural in nature. Business cycles wax and wane, but structural shifts, if not addressed in time, can become an unfavourable new normal ...more

Making technology a friend of Asia's SMEs, not a foe

IT'S no surprise that Asia is poised to become the world's economic centre of power and influence. Within a decade, the region is expected to account for almost half of the world's GDP and over 70 per cent of middle-class spending.

It's also no surprise that small and medium-sized enterprises, SMEs, will be the driving force behind Digital Asia. Given that they are highly dispersed, they ensure ...more

S'pore tops Asia-Pacific in talent competitiveness: study


SINGAPORE ranked first in the Asia-Pacific for the fourth year running in a global index on talent competitiveness.

It trumped Australia, which came in sixth in the global standing and was the only other APAC country in the top 10 of the Global Talent Competitiveness Index (GTCI).

Internationally, Singapore was second only to Switzerland in terms of attracting and ...more

ST Engg's aerospace arm bags S$840m of orders in Q4


SINGAPORE Technologies Engineering's aerospace arm secured new contracts worth around S$840 million in the fourth quarter of 2016.

Announcing this on Monday, ST Engineering said that the new contracts for ST Aerospace range from line and airframe maintenance to component repair and overhaul.

ST Aerospace signed an agreement with Alaska Airlines to exclusively provide ...more

Half of paid work can be automated: McKinsey report

About half of the work that people are paid to do in the global economy can be automated by adapting existing technologies, according to McKinsey Global Institute.

It also said people will need to continue working alongside machines to produce the economic growth rates which countries around the world aspire to reach.

The findings come from a report by McKinsey's business and economics ...more

Samsonite launches multi-brand online store


SAMSONITE, the world's largest branded-luggage maker, is on a journey to space - cyberspace, that is.

It is launching its multi-brand portal on Monday, immediately targeting 5 per cent of its business there.

Samsonite Singapore general manager Satish Peerubandi said that in the long run, online sales could rise to 30 per cent of its total.

"E-commerce will ...more

Chua Hak Bin joins Maybank Kim Eng, sees S'pore 2017 growth at 2.5%


PROMINENT economist Chua Hak Bin has joined Maybank Kim Eng after leaving Bank of America Merrill Lynch (BAML) last year, and after a short stint at Singapore's sovereign wealth fund GIC.

He now starts off in his new role - and the new year - with a strong optimism that the Singapore economy can achieve a 2.5 per cent growth this year, while also urging the city-state to ...more

StarHub, M1 ink deal on deeper cooperation


AS Singapore's telecommunication industry gets ready to welcome a new player, the existing second and third telcos by market share have decided to explore options of working more closely together.

On Jan 12, M1 and StarHub Mobile (StarHub) signed an MOU (memorandum of understanding) to study potential further collaboration in mobile infrastructure sharing, with a focus on ...more

Collaborative robots offer future to SMEs

WITH a competitive business environment and unpredictable economy, small and medium sized enterprises (SMEs) in Singapore continue to face challenges in the form of manpower and cost constraints.

In fact, the recent 2016 SME Development Survey carried out by DP Information Group highlighted that 72% of SMEs identified manpower cost as their top challenge. The same survey also identified cost ...more

Disruption, not anti-trade, should be S'pore's main concern: StanChart


FORGET anti-globalisation. What Singapore should really keep its eyes on is the coming of the Fourth Industrial Revolution, Standard Chartered economists have said.

And with the city-state engaged in plans to redraw its economic future, how well it emerges from these technological challenges can be a useful model for other larger economies to learn from, the economists added ...more

Rolls-Royce signs MOU with A*Star to deepen collaboration


BRITISH aero-engine maker Rolls-Royce and A*Star signed a memorandum of understanding (MOU) on Jan 9 to advance its digital capabilities and, at the same time, facilitate the growth of the supporting digital ecosystem in Singapore.

Rolls-Royce, which has been present in Singapore since 1950, considers the country a key regional hub for its civil, defence, marine and power ...more
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