innovation

Yitu Tech opens first Southeast Asia R&D centre in Singapore
SINGAPORE (Feb 1): Yitu Technology has launched its research and development (R&D) centre at Mapletree Business City. This marks the Chinese artificial intelligence (AI) solutions provider’s first R&D centre in Southeast Asia. In a press release on Thursday, Yitu says a key focus of the Yitu Singapore R&D Centre in the initial phase will be developing leading edge AI solutions ...
Singapore is 6th most innovative country in the world after Israel: Bloomberg
(Jan 22): South Korea retained the global crown in the 2019 Bloomberg Innovation Index, though improvements by Germany in research and education brought Europe’s largest economy to near-parity in the annual ranking. The US moved up to eighth place, a year after cracks in education scores pushed it out of the top 10 for the first time. The annual Bloomberg Innovation Index, in its seventh ...
Super Apps, Asia's new innovation, to change cities, economies
SINGAPORE (Nov 7): The ability to communicate, shop online, order rides, read books, play games, get food delivery and pay for anything within a single, unified smartphone app is Asia’s defining innovation, technology leaders said at Bloomberg’s New Economy Forum in Singapore. WeChat, Grab and Go-Jek are prime examples of a breed of software called the Super App. In the US and Europe, such ...
New innovation & internationalisation programme launched by UOB for SMEs
SINGAPORE (Oct 22): United Overseas Bank (UOB) has launched an innovation and internationalisation programme to provide financial support and cross-border opportunities to small- and medium-sized enterprises (SMEs).   Through the programme, participating SMEs will be able to apply for working capital loans, equipment financing, and cross-border cash management and treasury solutions as ...
Singapore's middle-market companies among world's most optimistic & ambitious: EY
SINGAPORE (July 25): Middle-market executives in Singapore are especially optimistic about business conditions and opportunities when compared to their global peers, according to the findings of the annual EY Growth Barometer. Out of the 2,766 middle-market executives surveyed globally, 39% of the 103 respondents from Singapore said they were targeting double-digit growth, significantly ...
Singapore now the most innovative country outside of Europe
SINGAPORE (July 11): Singapore has moved up two notches to be the fifth most innovative country amongst 126 nations in the Global Innovation Index (GII) 2018 report. Retaining its top spot as the most innovative country in Asia, the Republic is ranked just behind European innovation powerhouses Switzerland, the Netherlands, Sweden and the United Kingdom. Co-published by Cornell University, ...
How the global consumer landscape is set to change over the next 2-3 years: KPMG
SINGAPORE (June 14): By 2020, the consumer and retail industry landscape is likely to see an emergence of new business models, fewer physical stores, and more companies distributing their products through owned channels. Such trends are suggested by the findings of KPMG International’s sixth edition of the Global Consumer Executive Top of Mind survey, which was conducted in partnership ith ...
Singapore shares top spot in EIU's list of tech-ready countries for 2018-22
SINGAPORE (June 5): Singapore has emerged to top The Economist Intelligence Unit’s (The EIU) Technological Readiness Ranking for 2018-22 alongside Australia and Sweden, which are also ranked at No. 1. The city state has moved up two places from No. 3 on The EIU’s ranking list for 2013-17, preceded by Sweden and Finland at first and second place, respectively. Headquartered in ...
Fifth global SAP Leonardo Center launched in Singapore
SINGAPORE (May 8): SAP, the enterprise application software provider, today launched its fifth global SAP Leonardo Center in Singapore to service its customers in the Asia Pacific Japan (APJ) region. SAP Leonardo is a digital innovation system that brings together Internet of Things (IoT), Machine Learning, Blockchain, Big Data, Analytics and Data Intelligence on the SAP Cloud Platform. It ...
Airbnb up against regulatory hurdles as sharing economy sees challenges
SINGAPORE (Apr 16): On April 3, two former property agents were fined $60,000 each for short-term rentals they had posted on Airbnb. The two men had collected $19,000 from four listings at the d’Leedon condominium over five weeks last year. The action was taken after residents at d’Leedon lodged complaints. Local regulations prohibit rental agreements of less than three months for private ...