digital economy

Understanding your value in a world of automation
SINGAPORE (May 3): VUCA – Volatile, Uncertain, Complex and Ambiguous – a term originally coined by the American military to describe what today’s leaders must cope with, has quickly become a way to describe the socio-economic landscape. Evolving technology, including artificial intelligence and machine learning, is one of the reasons for this move towards increased complexity and ...
Singapore among world's top digital economies but ranks worst at meeting psychological needs: Survey
SINGAPORE (April 4): Despite widespread utility of digital services across the globe, a range of basic, self-fulfillment and psychological needs are still failing to be met, suggests a recent survey by Dentsu Aegis Network in partnership with Oxford Economics. Based on the Digital Society Index 2019: Human Needs in a Digital World report released on Thursday, a survey of over 43,000 people in ...
Singapore SMEs positive on expansion this year, but less keen to digitise: QBE survey
SINGAPORE (Jan 29): Small-medium enterprises (SMEs) in Singapore are more optimistic than ever about their businesses and overall economy coming into 2019, finds a recent study conducted by Australian insurance provider QBE Insurance. According to the fourth edition of the annual survey of Singapore SMEs, 44% of respondents polled in Nov 2018 were expecting their businesses to pick up over the ...
DBS and Singtel to help SMEs digitalise business
SINGAPORE (Aug 21): DBS and Singtel has reaffirmed their partnership to help local small and medium enterprises (SMEs) digitalise their businesses and keep pace with the technological shifts in the local and global economy. Through the nationwide 99%SME campaign that helps SMEs expand their business by digitalising their operations, the duo will be enhancing the e-marketplace on the 99%SME ...
IBM partners IMDA to roll out 'New Collar Apprenticeship' initiative after layoffs in Singapore
SINGAPORE (Aug 16): International Business Machines (IBM) is joining the Infocomm Media Development Authority’s (IMDA) Company-Led Training programme under its TechSkills Accelerator (TeSA) initiative to roll out their first “New Collar Apprenticeship” initiative outside of the US. Through the apprenticeships, IBM Singapore intends to also employ and train non-degree holders for infocomm ...
Close to half of Singaporean workers plan to quit their current jobs within a year: survey
SINGAPORE (July 12): Singaporean workers have the highest expected turnover rate in Asia Pacific, according to a study by enterprise cloud applications provider Workday and global market intelligence firm IDC. Some 46% of Singaporean employees say they intend to leave their current jobs within 12 months, followed by Malaysia (38%) and Australia (35%). Japanese workers are most likely in the ...
Singapore loses top spot in digital competitiveness ranking but is the only Asian country in top 10
SINGAPORE (June 19): Singapore has dropped one spot down to second place in the IMD World Digital Competitiveness Rankings 2018. The US overtook Singapore and rose up to the top spot from third previously. This year, Sweden came in third, followed by Denmark and Switzerland. Overall, the World Digital Competitiveness Ranking, which studies 63 economies, saw about 29 countries improve in ...
Geopolitics in Europe not a concern for investors as foreign direct investment hits record high
SINGAPORE (June 11): In 2017, Europe attracted a record level of foreign direct investment (FDI) with 6,653 projects, according to the 2018 edition of the EY European attractiveness survey. However, this came on the back of the growth in Europe slowing down for the first time in three years to 10%, after achieving an average growth of 15% during the past three years amid increasing ...
Singapore shares top spot in EIU's list of tech-ready countries for 2018-22
SINGAPORE (June 5): Singapore has emerged to top The Economist Intelligence Unit’s (The EIU) Technological Readiness Ranking for 2018-22 alongside Australia and Sweden, which are also ranked at No. 1. The city state has moved up two places from No. 3 on The EIU’s ranking list for 2013-17, preceded by Sweden and Finland at first and second place, respectively. Headquartered in ...
Digital products & services to drive 60% of Singapore's GDP by 2021, predicts study
SINGAPORE (Feb 21): An IDC study commissioned by Microsoft predicts that digital transformation will add about US$10 billion ($13.2 billion) to Singapore’s gross domestic product (GDP) figures by 2021 with an annual increase in GDP growth rate by 0.6%. Entitled Unlocking the Economic Impact of Digital Transformation in Asia Pacific, the survey was conducted among mid- and large-sized ...