Digitalisation

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 ...
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 ...
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 ...
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 ...
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 ...
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. Last week, ...
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. Last week, ...
Smart bank: Sumitomo Mitsui Banking Corp’s digital journey
(Nov 13): The digitalisation of society is advancing at a rapid pace. Amid this trend, Sumitomo Mitsui Financial Group (SMFG) is actively adopting new technologies and promoting digitalisation in various areas of its business. The group’s core unit Sumitomo Mitsui Banking Corp, which employs more than 1,100 staff in Singapore, is guided by the same principle and dedicated to digitalisation, ...
Investing in the Fourth Industrial Revolution
SINGAPORE (Oct 28): What is the digital age and industry 4.0? If you ask Barack Obama, he might tell you it makes him a better golfer, according to Joe Kaeser, CEO, Siemens. The idea that we are in the fourth industrial revolution originates from Klaus Schwab, author of the book, The Fourth Industrial Revolution, posits that we are at the beginning of a “revolution” that will fundamentally ...
UOB’s digital efforts lead the pack but watch out for costs
SINGAPORE (Sept 19): United Overseas Bank’s (UOB) is leading the pack when it comes to digital banking among the three local lenders. The continued investment in IT capabilities and cost rationalisation is priority for Singapore banks, notes analyst Ng Li Hiang. UOB’s development of its own token technology for contactless ATMs and instant digital cards accords it first-mover advantage, ...