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Coronavirus And The Digital Economy

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The Monetary Authority of Singapore (MAS) will be developing “fairness metrics” in credit risk scoring and customer marketing as part of the first phase of its Veritas initiative. Veritas is a framework for financial institutions to promote the responsible adoption of artificial intelligence (AI) and data analytics. Veritas consortium members United Overseas Bank and Element …

The Singapore Management University (SMU) Institute of Innovation and Entrepreneurship (IIE) announced the launch of the Lee Kuan Yew Global Business Plan Competition (LKYGBPC) Lite Edition. The contest is aimed at inviting young innovators, entrepreneurs, scientists, researchers, engineers, or designers to come up with innovative ideas that would help cities, businesses, and communities adapt and …

Grab, Southeast Asia’s leading everyday app, today announced GrabProtect, a suite of safety and hygiene measures to minimise risks of the spread of COVID-19 on its transport services. GrabProtect, comprising new safety features, updated safety policies and transport hygiene kits, will enforce higher safety and hygiene standards in the ride-hailing industry. The new measures will be rolled out progressively in …

Singapore Exchange (SGX) announced that it will launch 10 Singapore Single Stock Futures (SSFs) on 15 June 2020, in response to growing client demand for a broader suite of Singapore-linked equities products. The list of underlying securities for the SSFs are Comfortdelgro, DBS, Genting, Keppel, OCBC, Singtel, Thai Beverage, UOB, Wilmar and Yangzijiang Shipbuilding. Most …

1000 Digital Ambassadors to be recruited by June 2020 Mr S Iswaran, Minister for Communications and Information announced the formation of the SG Digital Office (“SDO”) under the Infocomm Media Development Authority (“IMDA”). The Office will drive the Government’s concerted new push to accelerate digital adoption in our community, as Singapore embarks on a phased …

The Small Motorised Vehicles (Safety) Bill (SMV Bill) and Active Mobility (Amendment No. 2) Bill (AM Bill) were passed by Parliament, strengthening active mobility regulations aimed at stemming the inflow of non-compliant[1] devices and ensuring safe active mobility journeys. Small Motorised Vehicles (Safety) Bill (SMV Bill) for Path and Fire Safety The SMV Bill introduces new …

The Institute of Technical Education (ITE) and DBS Bank are rolling out an enhanced ITE-wide financial literacy programme to all 27,000 of ITE’s attending students. With ITE rolling out Home-Based Learning (HBL) given elevated Covid-19 social-distancing measures, lessons have been adapted accordingly for students. This year’s iteration expands on last year’s pilot, which involved 10,000 …

On 19 May 2020, the Multi-Ministry Taskforce announced a phased approach to resuming activities safely from 2 Jun 2020. This advisory provides guidance to religious organisations (ROs) on the phased approach for the resumption of religious activities. Phase One: Safe Re-opening During the Circuit Breaker from 7 Apr to 1 Jun 2020, all places of …

The National Environment Agency (NEA) has published an advisory to assist suppliers and users in making informed decisions on various disinfection technologies and products. Effective cleaning with an appropriate disinfectant is critical for reducing the risk of COVID-19 transmission in residences, public spaces, and other non-healthcare settings. SARS-CoV-2, the virus that causes COVID-19, can be …

The National Centre for Infectious Diseases (NCID), the National University of Singapore (NUS) Saw Swee Hock School of Public Health and Nanyang Technological University, Singapore’s (NTU Singapore) Wee Kim Wee School of Communication and Information have embarked on a partnership to jointly study how various social and behavioural factors in our population influences and is …