Frost & Sullivan's recent analysis, Global Halal Economy Growth Opportunities, finds that the halal economy is experiencing an upward trend as the demand for halal products from Muslims and non-Muslim nations increases. The main factors driving the halal industry are favorable population demographics, government policies,...
Technological advancements such as the Internet of Things (IoT), artificial intelligence (AI), cloud computing and 5G, have made work and life simpler, easier, and more efficient. With these comes the possibility of ubiquitous connectivity across all rural and urban landscapes, so that the benefits of digitization can...
Singapore announced in January 2020 a set of new initiatives on AI governance to enhance consumer trust. These are an Implementation and Self-Assessment Guide for Organisations (“ISAGO”), a Compendium of Use Cases, and the second edition of the Model AI Governance Framework. They are key components of...
NTUC LearningHub (NTUC LHUB) announced on 19 May its collaboration with DuPont Sustainable Solutions (DSS), a provider of operations management consulting services, to increase the availability of Safety, Maintenance & Reliability, and Human Resources training in Singapore. Over 450 courses will be made available...
The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS) and the Finance Houses Association of Singapore (FHAS), have announced an extension of support measures to help individuals and Small and Medium-sized Enterprises (SMEs) facing cashflow difficulties transition gradually to full loan...
In September 2020, the SBF-Experian SME Index for 4Q20 – 1Q21F registered an overall reading of 46.3, based on data collected between July and August 2020, the lowest reading since the inception of the SME Index (“the Index”) in 2009. This index, a joint...
Minister for Finance Mr Lawrence Wong delivered the FY2022 Budget Statement on 18 February. Recognising the unpredictability of the virus, he called on Singaporeans to adjust to the new normal. “We cannot let it change our hopes, our aspirations, our values,” he said. On...
Global market research from IBM revealed that more than 77% of respondents have adopted a hybrid cloud approach which can help drive digital transformation, yet the majority of responding organizations are struggling with the complexity to make all their cloud environments work together. As...
An IDC report, The Impact of Digital Sovereignty in Asia/Pacific Governments, revealed how Asia/Pacific (AP) governments motivations to create digital sovereignty will shape technology investment priorities, regulatory frameworks, partnerships and skills in 2024. IDC defines digital sovereignty, from a government perspective, as ‘the capacity for...
On March 2, the Singapore Business Federation (SBF) launched the SBF ManpowerConnect scheme as part of the Ministry of Manpower’s (MOM) temporary measure to help companies in the manufacturing and services sectors better manage their manpower needs in view of the COVID-19 situation. For a period of six months,...