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Coronavirus And The Digital Economy

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Advancing Singapore’s trade digitalisation agenda, DBS Bank, in collaboration with Audi Singapore (Audi) and Audi’s local distributor, Premium Automobiles (Premium), completed the first trade financing transaction on Singapore’s Networked Trade Platform (NTP). The inaugural trade relates to a SGD3.5 million letter of credit transaction for a trade of Audi cars between Audi and Premium. In …

The Active Mobility (Amendment) and Shared Mobility Enterprises (Control and Licensing) Bills were passed in Parliament on 04 February. The Bills will strengthen the Land Transport Authority (LTA)’s regulatory regime on active mobility, and help to ensure that Singaporeans can continue to benefit from active modes of transport in a safe and sustainable manner. The …

SGInnovate unveiled the findings of its new study, “Understanding the Science and Technology Talent Landscape in Singapore”, which found that the majority of research and development (R&D) and technical professionals (88%) based here believe Singapore will remain competitive as a global science and technology R&D and product development hub in the next 10 years. The respondents …

Singapore Changi Airport handled 68.3 million passenger movements in 2019, a year-on-year increase of 4.0%. Aircraft movements dipped 1.0% to 382,000 landings and takeoffs for the year, while airfreight throughput fell 6.5% to 2.01 million tonnes for 2019. In 2019, all regions registered passenger traffic growth, with the largest gain for the Americas (+20%). Eight …

The Intellectual Property Office of Singapore (IPOS) and Singapore Exchange (SGX) have partnered to launch the Intangible Disclosure Evaluation and Audit Scheme (IDEAS) programme exclusively for SGX-listed companies and companies preparing for a listing. The programme aims to raise awareness and encourage companies to undergo intangible assets (IA) evaluations and promote a more robust IA …

Acquisition of Bento enables Grab to bring retail wealth management and investment solutions to its ecosystem of users, driver-partners and merchant-partners. Bento will be rebranded as GrabInvest; products to be rolled out in South-East Asia, with Singapore as the first market. Grab Holdings Inc. (“Grab”), Southeast Asia’s leading super app, today announced the acquisition of …

Come 15 February this year, Singapore will mark 78 years since its fall to the Japanese in 1942 – the start of several tumultuous years of the Japanese Occupation of Singapore. Stories of the Fall of Singapore and the Japanese Occupation of Singapore are usually associated with prominent war sites or National Monuments, such as …

From a live music festival that champions Mother Nature to the sporting artistry of the HSBC Women’s World Championship, Singapore’s dynamic line-up of events in February will have you at the edge of your seat. Here are the concerts, festivals and celebrations that await you in the Lion City. Arts and Theatre Pangdemonium – The …

Asian countries will be leading in terms of growth in cashless payments this year, according to the projections of Capgemini Research Institute in the 2019 edition of the World Payments Report, an annual report on the status of the world’s payment ecosystems. Highlights   Asian countries are expected to grow to US$ 208.7 B in …

All Nippon Airways (ANA), Japan’s largest and 5-star airline for seven consecutive years, and Singapore Airlines (SIA), the world’s most awarded airline, today signed a joint venture framework agreement that would deepen the partnership between the two Star Alliance carriers. This joint venture, which is subject to regulatory approvals, aims to provide customers with more …