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

NEWS

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A milestone in the disruption of retail - for now

TODAY, Singapore's e-commerce witnesses its big bang.

The official launch, after months of secrecy and speculation, of Amazon's premium service Prime Now has the potential to dramatically transform Singapore's retail scene. It could be one more nail in the coffin of brick-and-mortar retail. There will be other casualties too, but the launch also offers opportunities.

Amazon is offering ...more

Uneven growth the new normal for S'pore economy?

Manufacturing - now the brightest spot in the Singapore economy - turned in yet another outstanding performance last month, thanks largely to electronics makers.

This allayed some concerns that factories, which have been a key growth driver so far this year, might be losing steam.

Even if manufacturing continues powering ahead, however, the fact remains that there is still the rest ...more

Urban solutions adding 2,000 digital-related jobs

Over the next four years, projects already secured in the urban solutions field alone will add 2,000 new digital-related professional jobs to the economy, the Economic Development Board (EDB) has estimated. The lucrative urban solutions domain covers infrastructure, the built environment, security, water, energy and transport.

There will also be potential jobs in other parts of the digital ...more

Trade associations, chambers pump up the volume under Lead programme

Singapore

TRADE associations and chambers (TACs) have ramped up productivity and market access projects under the Local Enterprise and Association Development (Lead) programme.

The 28 projects in the past year aim to help small and medium enterprises (SMEs) "build business capabilities and co-create new growth opportunities".

They are driven by 23 TACs that have been awarded ...more

Singapore retailers can move faster to embrace 'new retail'

Singapore

WHILE Singapore retailers are innovating and coming to terms with e-commerce, they can move even faster to adapt to "new retail", said observers. "New retail", a phenomenon recently coined by Chinese e-commerce group Alibaba, entails retailers integrating their online and offline businesses, and leveraging the Internet and customer data to sell better.

Adrian Lee, research ...more

S$19b R&D fund includes new value in 4 technology domains

Singapore

THE whopping S$19 billion that Singapore is pumping into its research and development (R&D) efforts over the next five years will include new value across four technology areas.

These are: advanced manufacturing and engineering; health and biomedical sciences; services and digital economy; and urban solutions and sustainability.

The Research Innovation Enterprise ...more

Singapore SMEs make the cut

THE SME100 awards were presented at a glittering dinner function at the Marina Bay Sands in Singapore on July 7, to recognise and honour some of the best and upcoming small and medium-sized enterprises (SMEs) in Singapore for the important role they play in the country's economy.

William Ng, group publisher and editor-in-chief of SME Magazine, which is published by Business Media International, ...more

S'pore economy to benefit from global growth, China: VP Bank

Singapore

SINGAPORE shows a clear pattern of further economic strength for the rest of the year, but VP Bank AG remains neutral on the city-state.

The Liechtenstein private bank, which has a 2.7 per cent growth forecast for Singapore's economy in 2017, noticed that in the second quarter, the Singapore equity market has underperformed the MSCI Emerging Markets Asia benchmark.

"The ...more

The future of engineering

WHEN Pesko Engineering Pte Ltd started in 1984, its revenue was S$300,000 in the first year. Business expanded gradually over the years despite many challenges and its revenue has now grown to S$26 million.

A proud winner of the SME100 award this year, it is certainly a fast-moving company. "The SME100 award adds to the many prestige awards received earlier and it gives us further recognition ...more

AI can almost double annual growth rate by 2035: Accenture

Singapore

NEW research by Accenture has revealed that artificial intelligence (AI) could nearly double Singapore's annual economic growth rates by 2035.

It was also found that Singapore is at the vanguard of integrating innovation and technologies into the wider economy, ahead of some of the world's largest economies such as the United States.

AI technologies will allow the ...more

Innovation - the cornerstone of FCL's business approach

FROM expanding overseas, setting up of a full real estate investment trust (Reit) platform for all its asset classes, to pioneering the suburban mall concept in Singapore, innovation is at the heart of how Frasers Centrepoint Limited (FCL) approaches its business.

"This can be seen in all aspects of our business, from the way we deliver our development projects, to the way we grow our international ...more

Why these startups bike the bullet

RECENTLY the three-way bike-sharing war in Singapore notched up a gear as ofo raised US$700 million in Series E funding, Mobike unveiled new bicycles and oBike declared that it has local advantage. Despite large amounts of venture capital poured into these companies, the sector remains profit-challenged as players incur high costs but offer relatively cheap services.

Why do such ventures persist ...more

Huawei partners firms, IMDA to spur innovation

Singapore

CHINESE smartphone maker Huawei is collaborating with Singapore companies and the Infocomm Media Development Authority (IMDA) to spur innovation.

Three memoranda of intent were signed between Huawei and partners IMDA, Keppel and Ascent Solutions on Wednesday.

Deputy Prime Minister Teo Chee Hean said at the signing that technology innovation is key to the country's ...more

S'pore firm's technology converts clay to sand

Singapore

SINGAPORE company Logistic Holdings Limited have developed a mobile technology that will offer an environmentally-friendly alternative to marine clay disposal.

With the new technology, marine clay that was once dumped as waste can now be converted into usable sand for land reclamation.

This will cross out the need for companies to use resources for the clay waste ...more

Riding the BRI with partners for mutual win-win outcomes

AS Chinese President Xi Jinping highlighted during the Belt and Road Forum for International Cooperation in 2017, the Belt and Road should be built into a road of prosperity and innovation. In the same year, Singapore's Prime Minister Lee Hsien Loong mentioned that constructive initiatives such as Belt and Road Initiative (BRI) can promote greater regional cooperation and development. In this new context, ...more
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