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Coronavirus And The Digital Economy

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Nanyang Technological University, Singapore (NTU Singapore) has maintained its standing among the top echelons of the Quacquarelli Symonds (QS) World University Rankings. NTU is ranked 13th internationally, and achieved its highest position in citations per faculty, an indicator of its research impact, soaring 11 places to rank 25th. The latest QS World University Rankings results …

Singapore Airlines launched KrisPay It Forward, a new project that enables KrisFlyer members to donate their miles via the KrisPay app to buy edible treats for 100,000 healthcare workers, conservancy workers, public transport operators, taxi drivers and migrant workers in Singapore. KrisFlyer members will be able to show their appreciation for the frontliners in the …

Deloitte and Nanyang Business School (NBS) at Nanyang Technological University, Singapore (NTU Singapore) are collaborating to train a new generation of accountants to be skilled in audit analytics, where technology is leveraged in the application and analysis of data in auditing. The memorandum of understanding to launch a new course in audit analytics for NTU …

Widely enforced lockdowns and flight restrictions are taking its toll on the global aviation industry. The COVID-19 pandemic has gravely affected global aviation capacity, with governments enforcing trip cancellations and other flight restrictions as part of the efforts to slow down the spread of the coronavirus. Since the beginning of this year, OAG Aviation Worldwide …

The Ministry of Finance (MOF), the Inland Revenue Authority of Singapore (IRAS), Enterprise Singapore (ESG), and the Monetary Authority of Singapore (MAS) announced today a package of measures to support landlords that may face cash flow constraints as a result of providing relief to tenants as proposed under the COVID-19 (Temporary Measures) (Amendment) Bill (“COVID-19 …

The Ministry of Law (MinLaw) and the Intellectual Property Office of Singapore (IPOS) today launched a public consultation that will run for four (4 weeks), ending on 30 June 2020, to seek feedback on a proposed licensing scheme for Collective Management Organisations (CMOs) in Singapore. The public consultation is part of the overall review of …

DBS Bank announced a partnership with The Food Bank Singapore to enhance Singapore’s food donation ecosystem, and better address food gaps for the vulnerable by connecting corporate donors to food support organisations via the nation’s first virtual food banking app. This is timely as Covid-19 is expected to have a prolonged impact on the economy, …

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 …