in print this week

ACRA has audit firms in its sight

SINGAPORE (Aug 2): Auditors using the search engine Google to screen clients as part of due diligence; senior auditors not spending enough time reviewing or supervising client audits; spouses of audit partners violating the firms’ policies on independence…

This startup uses AI to detect falls among elderly who are home alone

SINGAPORE (June 28): Local entrepreneur Lim Meng Hui was working on an artificial intelligence (AI)-enabled security system to detect intruders when his grandmother fell and lay helpless. When her health deteriorated rapidly after that, he decided that detecting falls among the elderly was a far more critical need that his start-up could address.

Lim and co-founder Toh Ying Wei started SmartPeep, a tongue-in-cheek moniker for what is shaping up to be an essential tool for an ageing population.

CRCT says acquisitions will all be accretive to distributable income

SINGAPORE (June 14): CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin, Heilongjiang province, and CapitaMall Yuhuating in Changsha, Hunan province are three malls that CapitaLand Retail China Trust plans to acquire from CapitaLand, subject to unitholders’ approval in an extraordinary general meeting.

Indeed, unless unitholders have visited the properties, some may have difficulty recalling the names of CRCT’s 11 malls in China.

The force is strong with Disney this year, thank Marvel you must

SINGAPORE (May 31): Spoiler alert. Spider-Man, one of the survivors in the latest Avengers: Endgame, will see its latest movie Spider-Man: Far From Home released in end-June. Disney, in collaboration with Marvel, has also plans to release movie spin-offs of the rest of the survivors in Avengers: Endgame.

Spin-offs from the Avengers already include Ironman, Captain America, Thor, Guardians of the Galaxy, The Black Panther and Captain Marvel.

Fine and casual

Celebrity chef restaurant, table65, opens at Resorts World Sentosa.

SINGAPORE (May 13): I was thrilled when I heard the news that chef Richard van Oostenbrugge of restaurant 212 in Amsterdam was opening a restaurant in Singapore. Van Oostenbrugge is famous for his contemporary European cuisine, which earned him the title of Netherlands’ Chef of the Year in 2014 from Gault & Millau, a respected French restaurant guide. He also ran the kitchen of the two-Michelin-starred Bord’Eau in Amsterdam for seven years.

This startup plans to permanently integrate its offerings with Grab

SINGAPORE (May 10): If there is one thing that internet and app-oriented start-ups track closely regardless of the industry they operate in, it is the conversion rate. This metric measures how much user traffic is translated into a desired action, for instance, sales. The aim, obviously, is to have a high conversion rate in order to boost the chances of success.

Pakatan Harapan's hope for Malaysia

SINGAPORE (May 3): In a TV interview on April 11, UBS economist Kelvin Tay blamed “political paralysis” in Malaysia for landing the country in an economic bind that includes a “current account deficit” of higher than 3.4%.

Tay also said that abolishing the Goods and Services Tax (GST) — which was to have brought in RM36 billion ($11.8 billion) in revenue for the government in 2019 — was “just a bad move, because it means the country is going to be very, very reliant on oil”.

Central banks turn dovish as IMF urges to 'do no harm'

SINGAPORE (Apr 15): Major central banks around the world have maintained a dovish stance, in line with a softer growth outlook by the International Monetary Fund.

In its latest World Economic Outlook on April 9, the IMF lowered its growth forecast for 2019 to 3.3%, from 3.5% previously. This is the third time in six months that the fund has trimmed its outlook. The IMF cautioned that unresolved trade disputes are a challenge for many countries. It also warned that China’s growth “may surprise on the downside”, while risks emanating from Brexit “remain heightened”.

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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 hardware — the hospitals and equipment — could be acquired, but the people — the specialists, doctors and other employees — could not be replicated.

The revolution need not be automated

(Apr 8): Artificial intelligence is transforming every aspect of our lives, not least the economy. As a general-purpose technology, AI’s applications are potentially endless. While it can be used to automate tasks previously performed by people, it can also make human labour more productive, thereby increasing labour demand.

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