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.

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Frasers Hospitality's 16th property in China opens today

SINGAPORE (May 18): Frasers Hospitality, a member of Frasers Property Group, announced today the grand opening of Fraser Suites Dalian, the group’s 16th property to open in China.

This came on the back of four other properties that opened in Changsha, Tianjin and Shenzhen last year.

DBS launches 15-year regional general insurance distribution partnership with Chubb

SINGAPORE (Jan 2): DBS Bank and Chubb, the world’s largest publicly-traded property & casualty insurance company, have launched a 15-year regional general insurance distribution partnership agreement in Singapore, Hong Kong, China and Taiwan.

Effective from Monday, DBS will distribute, on an exclusive or preferred basis, Chubb’s coverage for home, contents and selected personal accident and supplemental health (A&H) insurance products as well as general insurance products for SMEs.

iFast launches US stockbroking services on FSMOne

SINGAPORE (Dec 8): iFAST Corporation’s subsidiary iFAST Financial has launched trading capabilities in US-listed securities, including stocks and exchange traded funds (ETFs), on its multi-products account FSMOne, which is available on iFAST Singapore’s B2C Fundsupermart platform.

Fundsupermart is the business-to-consumer (B2C) division of iFAST Financial. It was launched in Dec 2016 and caters to do-it-yourself (DIY) investors.

Saxo Capital Markets launches SaxoSelect investment service in Asia

SINGAPORE (Nov 28): Saxo Capital Markets today announced the launch of its fully digital and automated investment service, SaxoSelect, in Asia. 

The service, which is available for clients with Saxo Capital Markets and accessible directly from the platform, offers a total of five investment portfolios.

Three Balanced Portfolios – Defensive, Moderate and Aggressive – are established by Saxo Bank in collaboration with BlackRock, and are purpose-built to assist in wealth development.

Nokia stages comeback with new high-end Android smartphone

SINGAPORE (Aug 17): Finnish developer HMD Global has announced its first Android flagship, the Nokia 8: an all-aluminium, precision-milled unibody device with an average thickness of 7.3mm and powered by Qualcomm’s Snapdragon 835 Mobile Platform.

HMD Global owns the rights to manufacture Nokia-branded smartphones. Manufacturing is outsourced to a division of Taiwanese electronics company Foxconn Technology Group.

In a press release on Thursday, HMD Global claims its new generation Nokia smartphone will bring three “world-firsts” to Android smartphones in a single design.

Amazon announces launch of Prime Now in Singapore

SINGAPORE (July 27): today launched its Prime Now service in Singapore. It is the first Amazon retail service to launch in the city state, and offers free two-hour delivery for orders totaling to $40 and above.

In a press release on Thursday, the e-commerce giant says Prime Now is an exclusive service for members of Amazon Prime, but will be available in Singapore to for all to try for a limited time. A membership programme for Amazon Prime is to launch in Singapore soon with additional benefits to come, it adds.

Sony enters virtual reality race with PlayStation VR headset

TOKYO (Oct 12): Sony Corp will join the race for virtual reality (VR) dominance on Thursday with the US$399 ($552) PlayStation VR, a headset the Japanese electronics group hopes will beat pricier rivals and revive its reputation as a maker of must-have gadgets.

Emerging from years of restructuring, Sony is reshaping itself to focus on lucrative areas such as video games, entertainment and camera sensors - rather than televisions or smartphones where demand is flat, competition acute and margins thin. The games unit is now the single largest profit contributor for the group.


GSH Corporation launches KL condo

SINGAPORE (Sept 20): GSH Corporation has launched its 632-unit condominium Eaton Residences in Kuala Lumpur, Malaysia.

Two hundred units were released in the first phase of the launch on Tuesday, and 150 of those units were already booked through VIP previews and private viewings.

Located along Embassy Row, the leasehold development is located close to the shopping belt of Bukit Bintang, and is a short walk to the Twin Towers MRT station and an upcoming station at Jalan Conley on pPhase 2 of Kuala Lumpur’s MRT project.

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