technology

Singapore is Asia's most ready nation for autonomous vehicle adoption
SINGAPORE (Feb 13): Singapore continues to remain at No.1 in Asia in terms of readiness to embrace autonomous vehicles (AVs) and second in the world after the Netherlands, unchanged from a year ago. This is according to KPMG’s 2019 Autonomous Vehicles Readiness Index (AVRI), which was established with the intent to provide an understanding of various countries’ preparedness and openness to ...
Ascendas REIT posts 0.7% higher 3Q DPU of 3.998 cents; secures $181.2 mil BTS project from Grab
SINGAPORE (Jan 30): The manager of Ascendas REIT (A-REIT) reported a 3Q19 distribution per unit (DPU) of 3.998 cents, growing 0.7% from 3.97 cents a year ago after taking into account an enlarged number of units in issue. The growth in DPU was mainly attributed to contributions from both newly-acquired and redeveloped properties. Gross revenue for the quarter grew 4.2% to $226.4 million ...
Facebook opening new regional ops centres in Dublin & Singapore to 'protect elections'
SINGAPORE (Jan 29): Facebook says it plans to set up two new regional operations centres, focused on election integrity, at its offices in Singapore and Dublin to allow its global teams to better work across regions in the run-up to global elections in 2019. In a Jan 28 Facebook Newsroom post, the tech giant says it expects the new centres to further strengthen the co-ordination and response ...
Ascendas-Singbridge properties to house public EV charging network with help from SP Group
SINGAPORE (Jan 21): Ascendas-Singbridge Group is appointed as Singapore Power (SP) Group’s first major location partner in its plans to build “Singapore’s largest and fasted public EV charging network” with 1,000 charging points island-wide by 2020. Under the partnership, 24 charging points were installed in six buildings owned by Ascendas-Singbridge – Hyflux Innovation Centre ...
Regulatory issues a key hurdle for Singapore firms eyeing international expansion, finds survey
SINGAPORE (Jan 15): Despite being “global natives” – companies which expand into international markets rapidly, often within the first year of their existence – Singapore’s online businesses appear the most pessimistic about their prospects overseas. This is according to new research conducted by tech and e-payments solutions firm Stripe, which partnered VIGA research to survey over ...
DBS announces launch of digitisation-focused portal for local SMEs
SINGAPORE (Jan 9): DBS Bank today launched DBS SME Connect, an online portal that provides small and medium enterprises (SMEs) “get digital, connected, and protected fast” with the provision of access to web-based business tools and services such as accounting, human resources (HR), digital marketing, e-commerce and cybersecurity solutions. Instant account opening with DBS is also now ...
Apple priced itself out of shrinking Chinese smartphone market
SAN FRANCISCO (Jan 4): Apple Inc.’s falloff in demand for iPhones in China shows the company’s flagship product is hurt by its high price and the rise of cheaper, more comparable rival devices in the world’s biggest market. The company cited struggling iPhone sales in China when it cut its quarterly revenue forecast on Wednesday for the first time in almost two decades. Chief Executive ...
Consumer banking trends to watch in 2019, according to this software analytics firm
SINGAPORE (Dec 26): 2019 is set to be a year of significant progress for banks around the world, according to analytics software company FICO, formerly known as the Fair Isaac Corporation. In a note on Wednesday, FICO’s vice president and general manager for risk, Tim VanTassel, highlights three areas of concern within the consumer banking sector for bank executives to address as the New ...
How Microsoft crawled its way back to the top
SINGAPORE (Dec 17): Amid the huge selloff on Wall Street over the past two weeks, software behemoth Microsoft became the largest company in the world by market capitalisation once again, overtaking smartphone giant Apple and e-commerce supremo Amazon.com. The shuffle at the top of the technology sector may seem like a sign of times but the new world order of listed global corporates has more to ...
What the near future holds for global fintech firms & investors: McKinsey
SINGAPORE (Dec 18): With financial technology (fintech) evolving considerably over the last few years, fintech investors will have to be increasingly selective in deploying their capital as some sectors and companies approach a “possible endgame”, suggests a new report by McKinsey & Company. In its paper, Synergy and disruption: Ten trends shaping fintech, McKinsey postulates that ...