Singapore outlined plans in November to establish itself as
a global hub for developing, test-bedding, deploying, and scaling AI solutions,
as part of its National Artificial Intelligence (AI) Strategy. This was
announced by Dr Vivian Balakrishnan, Minister-in-charge of the Smart Nation
Initiative and Minister for Foreign Affairs, Republic of Singapore, at...
United Overseas Bank (UOB) announced on 26 November its
collaboration with three homegrown solar companies, SolarGy, SolarPVExchange
and Sunseap Group, to accelerate the use of solar energy in Singapore.
The tie-up is part of the Bank’s U-Solar program which
connects the entire solar power value chain...
The Monetary Authority of
Singapore (MAS) and the Association of Banks in Singapore (ABS) jointly
conducted a cyber-themed business continuity exercise in November 2019 to
strengthen the financial sector’s resilience to cyber-attacks and operational
disruptions.
Codenamed Exercise Raffles,
the sixth edition of the exercise was conducted over two...
Singapore
and the Republic of Korea signed a Memorandum of Understanding (MOU) in
November 2019 to enhance cooperation and information sharing on cybersecurity.
The
MOU was signed by Mr David Koh, Chief Executive, Cyber Security Agency of
Singapore (CSA) and Mr Kim Seok-hwan, President, Korea Internet and Security
Agency...
The Monetary Authority of Singapore (MAS) announced in November that it has led the successful development of a blockchain-based prototype that enables payments to be carried out in different currencies on the same network.
This prototype network,
developed by MAS in collaboration with J.P....
The Infocomm Media Development Authority
(“IMDA”) and Microsoft signed a Memorandum of Intent (MOI) to accelerate the
development of Singapore’s 5G ecosystem. The MOI was announced by Minister for
Communications and Information, Mr S Iswaran, at the launch of Microsoft’s
global-first Experience Center Asia housed at their new Asia Pacific Regional
Headquarters...
The Monetary Authority of
Singapore (MAS) and Infocomm Media Development Authority (IMDA) announced in early
November the successful completion of its Business sans Borders (BSB) Phase One
Proof-of-Concept (POC). MAS and IMDA will proceed with the Phase Two
Pilot of the BSB in 1H 2020.
BSB is...
This year’s Asia Pacific Internet Policy Insights survey reveals that nearly all
consumers (96%) in APAC depend in some way on "Big Tech" companies
for their products and services for their online activities, but are uneasy
with this dependence.
The findings of the survey indicate that users
and...
Doing Business 2019 is the 16th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Founded on the principle that economic activity benefits from clear and coherent rules on property rights, dispute resolution and protection of contractual partners,...
M1 Limited (M1) announced on 5 November 2019 its participation in the Start Digital initiative, launched earlier this year by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore. The Start Digital program is aimed at helping newly-incorporated SMEs and new adopters of digital solutions to get...
