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 for smart buildings; enhancing natural language and speech processing technologies for commercial applications’ and optimising computer vision methods for medical diagnostics.

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 year, analyses dozens of criteria using seven metrics, including research and development spending, manufacturing capability and concentration of high-tech public companies.

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.

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 they harness technology for the expansion of their business performance.  

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 outpacing the global average growth rate of just 6%.

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, INSEAD and the World Intellectual Property Organisation, the annual GII report compares the innovation performance and capabilities of global economies.

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 The Consumer Goods Forum (CGF) and released in conjunction with the annual CGF Global Summit, which is held in Singapore from June 12-15 this year.

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.

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 also offers a live technology-delivery environment to deliver “Intelligent Enterprise” to customers.

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 properties and less than six months for HDB flats. The fines are likely to send a strong signal to the 1.4 million registered users of Airbnb.

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