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Expand your horizons with global investments

(July 8): Take a minute to think about just how much technology has changed your life, in ways previously un-imaginable. The introduction of ride sharing was one such development. Has it occurred to you to be a part-owner in the same company that you derive immense utility from?

Interested? You are not alone. But many of my friends express caution investing in the stock market and avoid it like the plague. Others live and breathe share trading and love the thrill of making a quick buck. 

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Temasek-backed Impossible Foods to contest Bill Gates' Beyond Meat in Singapore

SINGAPORE (Mar 6): Starting today, blocks of Impossible Foods Inc.’s plant-based meat will be delivered to eight restaurants in Singapore to be made into a variety of cuisine from burgers and ‘meatballs,’ to char kway teow and ‘beef’ Wellington.

Headquartered in California, the Temasek-backed firm’s entrance into Singapore comes hot on the heels of its rival Beyond Meat, a Los Angeles-based startup backed by Microsoft’s Bill Gates.

Nico Steel reports surge in 1H19 profit, ramps up production of proprietary metal alloys

SINGAPORE (Oct 15): Nico Steel Holdings, the specialist in ferrous and non-ferrous metal alloys, reported a higher y-o-y profit of US$121,000 ($166,833) for 1H19 compared to the US$1,000 in 1H18 on double-digit revenue growth.

Revenue for the half-year ended Aug 2018 rose 31% to US$8 million from US$6.1 million a year ago, mainly due to the increase in production and sales of Nico brand metal alloy materials which command higher gross profit margin.

Future of work: Tech-enabled freedom

SINGAPORE (Aug 6): Imagine hosting an international business conference from a deck chair on a beach, through a laptop and virtual reality device. Midway through your presentation, a robot brings you a cocktail. It does not matter that you are in surf shorts — the audience, also plugged into VR devices, only sees an augmented reality (AR) image of you on a stage. Not too far-fetched? That is because all that technology is already available.

KrisFlyer's miles-based digital wallet KrisPay launched

SINGAPORE (July 24): KrisPay, a collaborative effort between KPMG Digital Village, Singapore Airlines (SIA) and Microsoft, has launched today as the world’s first blockchain-based airline loyalty digital wallet.

This follows a proof-of-concept exercise which was successfully completed in Feb 2018, and comes ahead of SIA’s previously-announced estimation that the app would be launched six months from early Feb.

Baidu partners AMI in $266 mil Singapore-based venture fund for autonomous vehicles

SINGAPORE (Jan 9): Chinese internet giant Baidu is teaming up with Singapore-based Asia Mobility Industries (AMI) to launch a US$200 million ($266 million) venture fund to drive opportunities in the region for autonomous vehicles and smart transportation.

Baidu and AMI will form a joint venture to launch the Apollo Southeast Asia fund, which will be based in Singapore. 

The fund will focus on advanced mobility projects, technology exchanges, the establishment of research programmes, and the commercialisation of Baidu’s autonomous driving technologies in the region.

Amazon bets on machine learning to beat Microsoft, Alphabet

(Nov 30): Amazon.com Inc. unveiled new machine-learning tools, including algorithms that automate decisions and speech recognition, seeking to solidify its dominant position over Microsoft Corp. and Alphabet Inc. in the fast-growing and profitable cloud-computing market.

MAS-led consortium develops 3 software prototypes for inter-bank payments using blockchain

SINGAPORE (Oct 5): A consortium led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced Thursday that it has successfully developed software prototypes of three different models for decentralised interbank payment and settlements with liquidity savings mechanisms.

The three software models are among the first in the world to implement decentralised netting of payments in a manner that preserves transactional privacy.

Gates makes largest donation since 2000 with US$4.6 bil pledge

NEW YORK (Aug 15): Bill Gates made his largest gift since the turn of the century, giving away Microsoft Corp. shares that accounted for 5% of his fortune, the world’s biggest.

The billionaire donated 64 million of the software maker’s shares valued at US$4.6 billion on June 6, according to a Securities & Exchange Commission filing released Monday. While the recipient of the gift wasn’t specified, Gates has made the majority of his donations to the Bill & Melinda Gates Foundation, the charity he and his wife use to direct their philanthropic efforts.

Developing AI for business with 5 core principles

SINGAPORE (July 24): You all know what artificial intelligence (AI) is, right?

Early adopters of AI technology have already reaped great benefits. For example, businesses have been using AI-powered chat bots to ask timely questions about tax year end, to file accounts for customers, or find out the time of their lunch meeting. Asia is the fastest growing region for AI use, and is expected to grow at a compound annual growth rate (CAGR) of 46.9% between 2016-2021, due to the region’s booming economy and large electronics industry.

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