Smart Nation

Singapore's emergence as a 'Smart Financial Centre'

SINGAPORE (May 22): In 2015, the Monetary Authority of Singapore (MAS) announced the “Smart Financial Centre” plan as part of the Smart Nation vision for Singapore, designating the financial sector to lead innovation and the implementation of new technology.

Since then we have witnessed many developments including progress towards a conducive regulatory environment, which has resulted in Singapore’s flourishing fintech ecosystem.

For the plan to be effective, the MAS devised several initiatives, including:

Data breaches won't derail Singapore's tech push

SINGAPORE (Apr 22): Recent data breaches, including one where details of HIV patients were leaked, won’t hold back Singapore’s efforts in testing and investing in the latest technology to build what it termed as a “Smart Nation.”

“We cannot go back to pen and paper,” said Vivian Balakrishnan, the Singapore minister tasked with transforming the city-state into a Smart Nation. “If people lose confidence in the integrity and security of the system, then all these aspirations cannot be fulfilled.”

Singapore will invest $724 million in technology transformation

(Mar 28): Singapore will allocate $724 million under a current plan to transform its economy into one that relies more on fields such as research and on companies that create new markets and jobs.

The additional investment includes $500 million for digital technologies such as artificial intelligence, super-computing and robotics under the five-year plan ending 2020, a government advisory panel on research and innovation said in a statement Wednesday. The amount includes $300 million announced by Minister for Communications and Information S. Iswaran earlier this month.

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 Group – comprising N&T and newly-incorporated N&T Smart Engineering – achieves net profit after tax of at least $1.2 million for the full year ending Feb 28, 2019.

4 main considerations when re-engineering government IT systems for Smart Nation drive: PM Lee

SINGAPORE (Oct 2): Prime Minister Lee Hsien Loong highlighted four main areas that the government will focus on as it works on several projects to renew its IT systems amid Singapore’s Smart Nation drive.

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.

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 information, said on Thursday at Bloomberg’s “Sooner Than You Think” technology summit in Singapore.

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 highlights the tie-up as one of GrabPay’s most extensive rollouts in Singapore.   

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, more specifically, to the National Electronic Health Record that will require all healthcare service providers to contribute patients’ medical records to a central repository.

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 Challenge aims to close the gap between the ideas that will make Asia’s cities more sustainable and the investments that will make these solutions a reality.

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