Unlike its journey from third world to first where model economies abound, Singapore must today boldly chart its own course into an era dubbed by World Economic Forum’s (WEF) chief Dr Klaus Schwab as the Fourth Industrial Revolution.
At the turn of the 21st century, the Fourth Industrial Revolution had built on the invention of the computer, semi-conductors and the Internet, fueled by data and digitalisation.
The future of travel is social and mobile, and nowhere is this truer than in Singapore, where mobile travel sales have witnessed double-digit growth, outpacing traditional online sales and giving travel businesses a major push to invest in new mobile strategies.
Ravi Menon, managing director of the Monetary Authority of Singapore recently claimed: “I do hope when the fever has gone away, when the crash has happened, it will not undermine the much deeper, and more meaningful technology associated with digital currencies and blockchain." Singapore’s relationship with cryptocurrencies has been a torrid one.
Adoption of new robust digital travel expense and compliance models goes a long way, not only for the rising modern business traveller but also your business
A study commissioned by the Singapore Tourism Board- ‘Capturing the Asian Millennial Traveller’- revealed that in the next five years, Singaporean millennial travellers (born between 1981 and 1995) will enter their peak earning and spending years.
In October last year, the Singapore government passed the Infrastructure Protection Bill – laws to improve protection for iconic buildings providing essential services, with failure to do so resulting in fines of up to S$200,000 and jail of up to two years.
The aim is to make critical infrastructure more resilient to the major disruption that could be caused by things like power outages, hardware failures and environmental issues.
To emerge as the world’s first crypto-hub, Singapore needs to find the middle ground between ‘crypto is a fraud/Ponzi scheme’ and ‘crypto is the best thing since sliced bread.’
Two announcements from the Monetary Authority of Singapore (MAS) made at the end of 2017 defined the challenges cryptocurrencies pose.
Singaporeans, like many others, are concerned that emerging technologies could lead to widespread unemployment and social unrest as humans are replaced in the workforce by automation, artificial intelligence and robots.
Whilst reading two reports from The White House on artificial intelligence (AI) - Preparing for the future of artificial intelligence and Artificial intelligence, automation and the economy - I found that there are common perspectives and attitudes towards AI.
Singapore’s wealth management industry needs to beef up its cyberdefences if it is to remain trustworthy
For any credible corporate services provider, client confidentiality is non-negotiable, and is arguably one of the most (if not THE most) important aspects of our job.
On the evenings of 22 and 24 October 2016, national telco StarHub's home broadband services unexpectedly were disrupted – an unprecedented occurrence in normally safe, efficient, and connected Singapore.
The recent discovery of a terror cell, the doubling of online cheating cases, and the ongoing investigations on third-party corruption scandals are signs of a new reality faced by Singapore businesses – the global threats of cybercrime, terrorism, and fraud are now a part of everyday life.