Smart City

Advance SCT to buy 40% stake in M&E firm for $3.5 mil in pursuit of smart city ambitions
SINGAPORE (Jan 29): Advance SCT has entered into a conditional sale and purchase agreement to acquire 40% stake in N&T Engineering Enterprises for up to $3.5 million. The purchase price will be fully satisfied via the issuance of new shares at 0.1 cent each. The initial $2.8 million will be paid upon completion of the deal, while the remaining $0.7 million is to be paid when N&T ...
Keppel to develop smart IoT city in Wuxi with China's Envision Group
SINGAPORE (Dec 6): Keppel Urban Solutions, a wholly-owned subsidiary of Keppel Corp, has signed a memorandum of understanding (MoU) with Envision Group and Wuxi’s government to develop a “smart internet of things (IoT) City” in Xuelang Town, Taihu New City, Wuxi, China. Adopting a city-industry integration model, Keppel and Envision plan to create a scalable and replicable model with a ...
ST Engineering eyes more than doubling of Smart City revenue to $2 bil by 2022
SINGAPORE (July 5): ST Engineering aims to grow its Smart City revenue of $1 billion to more than double by 2022. The group also plans to grow its core and other business segments with CAGR of 2-3x global GDP growth rate over the next five years, and expects that two-thirds of its revenue growth will be from global markets by 2022. ST Engineering’s strong order book of $13.4 billion as at ...
ST Engineering, SP Group launch trial for Singapore's first pay-per-use IoT-as-a-Service platform
SINGAPORE (June 25): Organisations seeking to adopt Internet of Things (IoT) technologies to provide smart city applications such as public safety and security systems could soon get a boost. ST Engineering Electronics and SP Group, together with their joint venture company Singapore Power Telecom (SP Telecom), today announced they are jointly pursuing a new trial for a pay-per-use ...
What to expect of Singapore’s budget & economic strategy in 2017
SINGAPORE (Feb 6): DBS Group Research is expecting this year’s impending Committee on the Future Economy (CFE)  report to “map out the longer-term future of the economy”, while projecting Budget FY17 to feature more “bite” for the near- to medium-term. CFE is a 30-member committee which aims to promote domestic enterprise development and skills to ensure local enterprises and ...
Singapore IoT market to be worth more than $700 million in 2020, says Nokia
SINGAPORE (June 16): The Internet of Things (IoT) market in Singapore is seen to be worth €507 million ($772 million) come 2020. And nearly half of that, or 45%, will come from businesses that link up their equipment with processes and people. This according to a study by Machina Research and Nokia. The next biggest segments will be mobility (20%) and followed by Smart City (10%) and ...