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 digital self-determination by a nation across...
In the first instalment of our two-part feature, SMEhorizon spoke with Ray Poh, Founder and Managing Director of Artisan Green, on his company’s partnership with Siemens, and how technology has enabled them to meet both productivity and sustainability goals. Isabel Chong, Head of Digital Industries for ASEAN at Siemens...
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore. This linkage enables customers of participating financial institutions1 to make seamless cross-border retail payments using their existing mobile banking applications to scan QRIS (Quick Response Code...
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have jointly launched the real-time payment systems linkage between Singapore’s PayNow and Malaysia’s DuitNow.
The initiative follows the QR payment linkage announced on 31 March 2023 which enabled cross-border QR payments to merchants.
The PayNow-DuitNow linkage enables instant, secure and...
Singapore is often lauded as a food paradise. Yet, according to the Singapore Food Agency, the country imports more than 90% of its food, making it vulnerable to food supply chain disruptions that could occur due to global factors such as climate change, disease outbreaks, geopolitical developments or export...
With the consumer world waking up and jumping on the bandwagon of Generative AI, new research by the Data Protection Excellence Centre, the research arm of Straits Interactive, has unveiled significant privacy concerns in Generative AI desktop applications, particularly among start-ups and individual developers.
The study, covering 113 popular apps,...
The International Finance Corporation (IFC), Monetary Authority of Singapore (MAS) and World Economic Forum (the Forum) have signed a Memorandum of Understanding to collaborate on initiatives to advance digital inclusion through financial services, with the aim of reducing inequalities for people and smaller businesses in emerging and developing economies.
The...
This article was contributed by the Inland Revenue Authority of Singapore (IRAS)
As the year comes to a close, companies are gearing up for the Corporate Income Tax (CIT) filing for the Year of Assessment (YA) 2023. In this article, the Inland Revenue Authority of Singapore (IRAS) shares five CIT...
Talk of a global recession has been hogging headlines and conversations. In Singapore, the latest data from the Ministry of Trade and Industry showed the local economy shrinking 0.4% from the previous quarter, triggering comments from analysts that a potential technical recession is on the way.
SMEs, which make up...
Singapore moved up two notches in the 2023 Global Innovation Index (GII) to 5th in the world and regained its top spot in Asia after coming behind South Korea in the last two years.
The GII is published by the World Intellectual Property Organization (WIPO). The index is based on...
