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In a world where we can expect more than 40 billion devices generating nearly 80 zettabytes (ZB) of data by 2025 and artificial intelligence (AI) to nearly double the rate of innovation and employee productivity by 2021, organisations will need to quickly adopt new technologies and build technology capabilities that will enable them to flourish in an innovation-led, …

Minister for Defence Dr Ng Eng Hen and New Zealand Minister of Defence Ron Mark co-chaired the third annual Singapore-New Zealand Defence Ministers’ Meeting (SNZDMM) at the Ministry of Defence earlier today. Building on the Singapore-New Zealand Enhanced Partnership signed earlier this year, Dr Ng and Minister Mark reaffirmed the good progress of bilateral defence …

Enterprises will soon benefit from a new intellectual property (IP) cooperation signed between Singapore and Japan. The collaboration between Industrial Property Cooperation Center (IPCC), Japan and IPOS International – the expertise and enterprise engagement arm of the Intellectual Property Office of Singapore (IPOS) – will allow enterprises to tap on the patent search and analysis expertise of …

Deputy Prime Minister and Minister for Finance, Heng Swee Keat, announced today that Singapore will embark on a plan to develop and use Artificial Intelligence (AI) to transform Singapore’s economy and improve the lives of citizens. This plan is outlined in the National AI Strategy document that was unveiled at the SFF X SWITCH (Singapore …

Announced by Deputy Prime Minister Heng Swee Keat as part of Singapore’s National AI Strategy, the Infocomm Media Development Authority (“IMDA”) and the Singapore University of Technology and Design (“SUTD”) are collaborating in a new effort to deepen AI capabilities for building and managing Smart Estates of tomorrow. As part of IMDA’s digital economy efforts …

The Monetary Authority of Singapore (MAS) announced today that it is working with financial industry partners to create a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics (AIDA). This framework, known as Veritas, will enable financial institutions to evaluate their AIDA-driven solutions against the principles of fairness, ethics, …

The Monetary Authority of Singapore (MAS), Deloitte and S&P Global Market Intelligence have collaborated to develop a prototype for an industry-wide FinTech Research Platform to help investors and financial institutions connect with FinTech start-ups that they can partner with or invest in. Deloitte’s internal analysis discovered that investors and financial institutions currently do not have …

As part of the move towards a 100% cleaner energy public bus fleet by 2040, the Land Transport Authority (LTA) will progressively deploy electric buses for passenger service from early next year. These consist of 60 electric buses procured under a tender awarded in October 2018, which will arrive in Singapore progressively from the fourth …

The Monetary Authority of Singapore (MAS) announced today that it has set up a US$2 billion green investments programme (GIP) to invest in public market investment strategies that have a strong green focus. This will help to support the Singapore financial centre in promoting environmentally sustainable projects and mitigating climate change risks in Singapore and …

The Singapore Registry of Ships (SRS) crossed the 95 million gross tonnage milestone in 2019 and maintained its position among the top registries in the world. Themed “2020 & Beyond”, the SRS Forum held by Maritime and Port Authority of Singapore (MPA) today around 200 attendees from shipping companies and other maritime entities based in …