Smart Nation

How the next step in literacy can make Singapore a Smart Nation
SINGAPORE (Sept 7): Hundreds of years ago, literacy was rare. The invention of the printing press resulted in more people reading as printed materials became available to a bigger part of the population. However, it wasn’t until books became widely available that literacy became widespread. A similar evolution is happening in data analytics. Just as literacy is the ability to derive ...
Singapore says risks of cybersecurity breaches won’t go away
SINGAPORE (Sept 6): Singapore will continue monitoring risks of cybersecurity breaches and data hacks as those threats won’t go away, a senior government official said. Risks need to be managed but won’t prevent the government from building the city state into a technology-advanced one under its “Smart Nation” plan, Janil Puthucheary, senior minister of state for communications and ...
GrabPay now available at BreadTalk, to roll out at Toast Box in Oct
SINGAPORE (Aug 8): BreadTalk has partnered with Grab to introduce the ride hailing and mobile payments app’s GrabPay service across its 42 bakery outlets across Singapore. Starting from Oct, the partnership will extend to the group’s subsidiary brand Toast Box, such that GrabPay services will also be accepted across 63 of its outlets island wide.   In a Wednesday release, BreadTalk ...
SingHealth hack spotlights Smart Nation push; higher cybersecurity bar for public agencies
SINGAPORE (July 30): Kim Huat, the erudite if somewhat earthy alter ego of blogger Lee Kin Mun, hit the nail on the head in his YouTube post on July 20. “See lah, like that how to ‘Smart Nation’? What if we all Smart Nation [and] upload everything onto a central database [and then get] hacked?” He was referring to the national push towards a digitally connected living environment and, ...
RWDC wins $980,000 in Temasek-backed Liveability Challenge 2018 with biodegradable straws
SINGAPORE (July 11): RWDC Industries overcame five other finalists at the inaugural edition of The Liveability Challenge to walk away with $980,000 to jumpstart its proposal to replace single-use plastic straws with drinking straws made from a certified biodegradable biopolymer. Presented by Temasek Foundation Ecosperity and organised by sustainability media Eco-Business, The Liveability ...
Bank of China partners Qoo10 to launch credit card for online shoppers
SINGAPORE (May 22): Bank of China has launched a co-brand Mastercard credit card with Singapore online retailer Qoo10 -- said to be the first-ever partnership between a bank and e-retailer locally. The new card, which caters to both working adults and students, aims to bring greater value to online shoppers and drive e-commerce growth in the region, says BOC and Qoo10 in a joint press ...
ST Engineering seeks new engines of growth
SINGAPORE (Dec 8): Vincent Chong, CEO of ST Engineering, is steering the company into robotics, smart cities and high-tech defence solutions. The company, which celebrates its 50th anniversary this year, was established in 1967 as Chartered Industries of Singapore to manufacture 5.56mm ammunition for the M16 rifle. Various other early units that later combined to form ST Engineering were ...
Asia fintech investment crosses US$1 bil threshold in 3Q
SINGAPORE (Nov 7): Asia fintech funding crossed the billion dollar threshold for the first time in 3Q17, climbing to US$1.21 billion ($1.65 billion) raised across 41 deals. China accounted for over half of Asia fintech investment at US$745 million. Globally, a total of US$8.2 billion was invested in fintech funding during the quarter, up 30% year-on-year compared to US$6.3 billion raised a ...
Singapore could soon be home to world's largest AI hub
SINGAPORE (Oct 16): Private investment firm Marvelstone Group announced Monday that it is planning to launch the world’s largest artificial intelligence (AI) hub in Singapore’s central business district in 2018. This comes close to a year after the launched Singapore-based fintech hub Lattice80 in November 2016. See: 'World’s largest fintech hub' Lattice80 launched at 80 Robinson ...
ST Engineering started at ‘buy’ on strength on defensive business model
SINGAPORE (Sept 6): RHB Research is initiating coverage on ST Engineering with a “buy” call and a target price of $4.07, on the back of a record-high orderbook. “ST Engineering’s outstanding highest-ever orderbook of $13.5 billion provides revenue visibility for 2017 and 2018,” says analyst Shekhar Jaiswal in a report on Wednesday. “Its exposure to the commercial and defence ...