technology

Can IBM remake itself with hybrid cloud play Red Hat?
SINGAPORE (Nov 19): Legendary corporate icons can plunge from their exalted status to irrelevance in little or no time. The unfolding saga of General Electric, the world’s largest company by market capitalisation until Microsoft overtook it at the start of the tech boom in 1999, is a case in point. GE, which has been slowly shedding assets since the global financial crisis ...
How IoT in agriculture could present new opportunities for investors
SINGAPORE (Nov 16): Earlier this year, Avarga, formerly known as UPP Holdings, said it was acquiring a 23.08% stake in local start-up Archisen for up to $1.5 million in three separate tranches. Ian Tong, Avarga’s executive director, is on ­Archisen’s board. Tong is also the executive director of The Edge Media Group, which publishes The Edge Singapore. While indoor farming is not ...
ComfortDelGro posts 2% lower 3Q earnings; to set up new US$100 mil global VC fund
SINGAPORE (Sept 9): ComfortDelGro Corporation (CDG) posted $78.5 million in earnings for the 3Q ended Sept, representing a 2% decline from earnings of $80.1 million a year ago due to lower dividends received from its overseas subsidiary, Cabcharge Australia. Revenue for the quarter grew 8.5% on-year to $967.9 million from $891.7 million, driven by increased contributions from new ...
CapitaLand launches new retail concept store at Plaza Singapura
SINGAPORE (Nov 8): CapitaLand today announced the opening of NomadX: a double-storey, 11,000 sqft multi-label concept store at Plaza Singapura that puts forth “a new blend of physical and digital experience” with a combination of olfactory, audio-visual and other consumer experiences offered by its tenants. NomadX incorporates short-term leases and “plug & play” retail units that ...
Why chips are at core of new US-China Cold War
SINGAPORE (Nov 5): Exactly a year ago this week, Tan Hock Eng, the Malaysian-born CEO of global communications chip powerhouse, Broadcom, launched an  audacious US$117 billion bid for rival Qualcomm. The world’s largest tech deal ever unravelled just four months later when the administration of US President Donald Trump scuttled the bid citing “credible evidence” that ...
7 high-tech jobs to arrive in the near future, as envisioned by Cognizant
SINGAPORE (Oct 23): In Cognizant’s opinion, humans have never been more integral to the future of work – even as the emergence of artificial intelligence (AI) continues to change the global work environment. The multinational IT corporation last year in November published 21 Jobs of the Future: A Guide to Getting and Staying Employed in the Next 10 Years, in which it proposed 21 new jobs ...
New innovation & internationalisation programme launched by UOB for SMEs
SINGAPORE (Oct 22): United Overseas Bank (UOB) has launched an innovation and internationalisation programme to provide financial support and cross-border opportunities to small- and medium-sized enterprises (SMEs).   Through the programme, participating SMEs will be able to apply for working capital loans, equipment financing, and cross-border cash management and treasury solutions as ...
Cybersecurity not just an IT issue, but should be implemented 'by design'
SINGAPORE (Oct 15): Most of the world’s companies are considering more high-tech cybersecurity protection, but not budgeting enough to meet their organisations’ requirements nor making it an integral part of their overall business strategy and execution plans.   This is according to the EY Global Information Security Survey 2018-19 (GISS), which included the views of more than 1,400 ...
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 ...
Courtship at a click
SINGAPORE (Oct 1): It was a failed romance that prompted Esther Khong, then a banking and finance professional, to embark on a journey of exploring and defining the fundamentals of relationships. “We were both working in the finance industry, and even though we were always busy, I still wanted to go out on dates. I ended up spending a lot of time after work on Google just searching for date ...