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Coronavirus And The Digital Economy

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In the spirit of Deepavali to celebrate the gift of giving to the community, NTUC FairPrice (FairPrice) has announced today that it will donate $20,000, through its charity arm FairPrice Foundation, to the Singapore Indian Development Association (SINDA) to support the educational needs of their beneficiaries. Mr Seah Kian Peng, Group CEO of FairPrice Group, …

UOB and digital securities exchange ADDX have concluded the digitisation and digital custody of the inaugural sustainability-linked bond recently launched by Sembcorp Industries (Sembcorp). This initiative comes amid a rise in the use of digital securities to enhance the efficiency of bonds and other fixed income instruments.   UOB was appointed as a joint lead …

A joint team of researchers in Singapore have have developed a capability to detect airborne SARS-CoV-2 RNA – the nucleic acid coding for the virus that causes COVID-19 – indoors through air sampling. The COVID-19 Delta variant’s rapid spread in Singapore and globally underlines the need for rapid identification of the presence of SARS-CoV-2 in …

The National University of Singapore (NUS) has launched the Institute for Functional Intelligent Materials (I-FIM) – the world’s first institute dedicated to the design, synthesis, and application of Functional Intelligent Materials (FIMs). Co-directed by Nobel-Prize-winning materials scientist Professor Sir Konstantin Novoselov and Distinguished Professor Antonio Castro Neto, I-FIM will be the sixth research centre of …

The Cyber Security Agency of Singapore (CSA) has announced the new Strategic Leadership Programme under the SG Cyber Leaders Programme1. Cybersecurity is an important growth sector in Singapore. According to IMDA’s Infocomm Media (ICM) Development manpower survey in 2020, there were 10,770 cybersecurity professionals in Singapore in 2020, a sharp increase from 6,000 cybersecurity professionals …

The Maritime and Port Authority of Singapore (MPA) will roll out the SRS Notation initiative to recognise ship owners and operators who voluntarily incorporate solutions to drive digital transformation, strengthen cyber security, enhance well-being of seafarers and pursue sustainable shipping. The SRS is the first ship registry in the world to introduce such an accreditation …

From 1 April 2022, pet breeders and boarders will be required to abide by an improved set of licensing conditions that includes the prohibition of breeders from breeding pets with known harmful heritable conditions or carrying out in-breeding practices (such as those involving its progeny, parent or siblings). These licensing conditions for breeders were announced …

DBS Vickers (DBSV), the brokerage arm of DBS Bank, today announced that it has received formal approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019 to provide digital payment token services as a Major Payment Institution. This will enable DBSV, as a member of DBS Digital Exchange (DDEx), to directly …

UOB has been named the World’s Best Bank for SMEs at the Euromoney Global Awards for Excellence 2021 based on its deep regional connectivity, expertise and continued support of SMEs to enable post-pandemic recovery and growth. The latest win follows from other key SME awards the Bank has won including the Best SME Bank in Singapore and …

MoneySense launched today a campaign to encourage Singaporeans to build financial resilience amid COVID-19 challenges through a simple four-step plan: (1) Budgeting; (2) Saving for emergencies; (3) Investing early; and (4) Planning early for retirement. The campaign will run for 10 weeks from 4 October 2021. The theme of this year’s campaign is “#MoneySense101: Financial …