The Monetary Authority of Singapore (MAS) announced on 28 May that the first phase of the Veritas initiative - a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics (AIDA) - will commence with the development of fairness metrics in credit...
DBS has approved over 3,500 loans totalling over SGD 1.1 billion for micro and small enterprise customers during the COVID-19 period, under Enterprise Singapore’s financing schemes.
This accounts for eight in ten of all Government-assisted SME loans that the bank has approved between the...
In response to the sharply deteriorating global COVID-19 situation, the Fortitude Budget, the fourth for 2020, was delivered in a ministerial statement on 26 May 2020. This builds on the previous Unity, Resilience and Solidarity Budgets to help businesses and individuals adapt and build resilience, amid the...
Enterprise Singapore (ESG), the Infocomm Media Development Authority (IMDA) and the Heartland Enterprise Centre, Singapore (HECS) today announced that they will be driving digital transformation in heartland precincts through partnerships with curated digital solution providers.
It will first be rolled out in three precincts...
The Emerging Stronger Taskforce (EST), co-chaired by Minister for Social and Family Development and Second Minister for National Development Desmond Lee and PSA International Group CEO Tan Chong Meng convened its first meeting via video conference in early May.
In addition to the two...
As part of Enterprise Singapore's Singapore E-Commerce Programme, Amazon is inviting local small and medium-sized (SME) retailers interested in making their products available to more customers and growing their businesses online, to sign up with Amazon.sg.
Eligible small and medium businesses qualify for a...
The Infocomm Media Development Authority (IMDA) and Enterprise Singapore (ESG) further expanded the range of pre-approved digital solutions on 15 May to help Small and Medium-sized Enterprises (SMEs) in the healthcare and education sectors manage the impact of COVID-19.
The new teleconsultation (video) solutions...
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 speed of technological disruption is making it difficult for regulators to keep pace but regulatory response needs to be measured in order to protect innovation, according to a report from The Economist Intelligence Unit released in early 2020.
A fine balance: Regulations and...
The Monetary Authority of Singapore (MAS), Singapore FinTech Association (SFA), AMTD Group and AMTD Foundation (collectively, AMTD) announced on 13 May the launch of a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant (the Grant) to support Singapore-based FinTech firms amid the challenging business climate caused by the COVID-19...
