Digitalisation

Hiring prospects in 3Q expected to remain stable: ManpowerGroup

SINGAPORE (June 11): Despite continued economic headwinds, Singaporean employers are still optimistic in their hiring plans for 3Q19, according to the latest ManpowerGroup Employment Outlook Survey released today.

The survey, which saw over 660 respondents, found that 15% of employers intend to increase their staffing levels, while a majority 77% forecast no change to their payrolls.

Investors can now open CDP accounts online without paper documents

SINGAPORE (May 6): Investors can now open an individual Central Depository (CDP) account with Singapore Exchange (SGX) online, without the need to provide paper documents.

Applications for CDP accounts can now be submitted online, enabling greater convenience and security for retail customers.

For Singapore citizens and residents, they can leverage MyInfo – a government digital service that allows users to manage their personal data for online transactions – for a seamless experience.

Forgers are forcing a US$9 tril business into the digital age

(May 6): The US$9 trillion ($12.3 trillion) business of financing global trade needs to go digital, according to southeast Asia’s second-biggest lender.

Forgers have become so adept at faking documents used by banks that going paperless has become a necessity for the industry, said Ng Chuey Peng, managing director and head of global commodities finance at Singapore’s Oversea-Chinese Banking Corp, the region’s second-biggest bank by assets. Digitalisation will also make the financing process more efficient, she said.

IHH Healthcare to take offerings to 'whole different level' with digitalisation

SINGAPORE (Apr 12): Towards the end of July 2012, at a meeting with bankers and fund managers in the run-up to IHH Healthcare’s IPO, an executive of a financial institution asked what was so special about the healthcare provider. “If we throw a few billion dollars, we can recreate IHH,” he said.

In response, IHH’s current managing director and CEO, Dr Tan See Leng, explained that the hardware — the hospitals and equipment — could be acquired, but the people — the specialists, doctors and other employees — could not be replicated.

Let’s not sell ourselves short

SINGAPORE (Jan 21): Why do I say this? There has been much talk and discussion about how New Malaysia should move forward from hereon. We know that government finances are stretched and, therefore, can no longer prop up the economy with huge spending. We also know that the people are struggling, with sluggish income growth and rising cost of living. Therefore, we cannot expect a big boost from consumer spending either. Case in point: Retailers are having a tough time and sales for big-ticket items such as cars and homes are slow.

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Blueprint needed on digitalising the key pillars of the economy

(Jan 14): The peaceful revolution by the people through the ballot box, which threw out a 61-year-old governing party on May 9, 2018, means different things to different people.

For me, it was an immediate relief. Relief in the knowledge that had it been otherwise, my life would be more miserable with more intimidation and threats and we were already warned that The Edge might be closed down.

Millennials in Singapore eager to ride on digitalisation wave

SINGAPORE (Dec 3): Amid the local workforce’s increasing interest in digital talent, tertiary students in Singapore have been taking an interest in studying Computer Science/Information Technology and Information Systems courses, according to findings from the 2018 BrightSparks Scholarship and Education Survey.

These course are the most desired course among the top GCE ‘A’ Level and International Baccalaureate (IB) graduates, as well as along the top two choices for all respondents.

Singapore loses top spot in digital competitiveness ranking but is the only Asian country in top 10

SINGAPORE (June 19): Singapore has dropped one spot down to second place in the IMD World Digital Competitiveness Rankings 2018.

The US overtook Singapore and rose up to the top spot from third previously.

This year, Sweden came in third, followed by Denmark and Switzerland.

Overall, the World Digital Competitiveness Ranking, which studies 63 economies, saw about 29 countries improve in their level of digital competitiveness this year, while only eight remained in the same position and 26 declined.

Went digital, also died. Going digital itself is not a strategy

SINGAPORE (Dec 4): This is the second instalment on my views about the newspaper industry. How it was decimated by digitalisation, how it reacted and what the outcomes are. More importantly, what are the lessons we can draw from it, with every business facing similar disruptions from the onslaught of digital innovations, new technologies and changing behaviours in a new ecosystem.

Went digital, also died. Going digital itself is not a strategy

SINGAPORE (Dec 4): This is the second instalment on my views about the newspaper industry. How it was decimated by digitalisation, how it reacted and what the outcomes are. More importantly, what are the lessons we can draw from it, with every business facing similar disruptions from the onslaught of digital innovations, new technologies and changing behaviours in a new ecosystem.

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