Commentary

Epicentre of the East: How Singapore is transforming trade with blockchain

Globalisation has undoubtedly bolstered positive economic growth, but the world’s increasing interconnectivity is coming at a high price. Amidst heightened efficiency requirements and stringent quality standards, many companies are struggling to adequately finance their supply chain operations to meet the growing global demand. As one of the world’s most innovative and technology-forward countries, Singapore is leading the charge in exploring how blockchain, the same technology underpinning cryptocurrencies like bitcoin, can streamline burdensome supply chain processes and breathe new life into the commercial ecosystem.

Commentary

Epicentre of the East: How Singapore is transforming trade with blockchain

Commentary

Keeping human ingenuity at the heart of Singapore's AI age

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.

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Why businesses are using lawyers differently in Singapore

Singapore businesses are facing several significant legal changes on the horizon which will impact how many companies work day-to-day.

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What did Singapore get apart from US$15m bill from the Trump-Kim summit?

The historic Singapore summit between Mr. Donald Trump, President of the United States of America, and Mr. Kim Jong-Un, Chairman of the Workers' Party of Korea, Chairman of the State Affairs Commission of the Democratic People's Republic of Korea and Supreme Commander of the Korean People's Army, concluded on Tuesday June 12th 2018, with the signing of a joint statement which Mr. Trump called “comprehensive” and “committed to provide security guarantees to North Korea” while at the same time Mr. Kim “reaffirmed his firm and unwavering commitment to complete denuclearisation of the Korean Peninsula”.

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Setting up a bustling e-commerce marketplace shop in Singapore

China’s e-commerce giant Alibaba ran its first global course in Singapore earlier this year. A highly anticipated event on the retail calendar, more than 2,000 participants took part to arm themselves with the knowhow to maximise their online sales.

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How Singapore can truly become a smart nation

Singapore is seeing the possibilities and benefits of adopting smart city initiatives and infrastructures. In line with the milestones set in place by Singapore’s Smart Nation Initiative in late 2014, the government has been putting in the effort and resources to meet their timeline.

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Are smart technologies the future employees for customer experience?

How did you reserve your most recent hotel booking? Did you call the hotel’s front desk, or did you power up an app on your mobile to book your stay? If your answer is the latter, you reside with 52% of Singaporean users who make travel plans through their mobile devices.

Commentary

Singapore & the future of finance: global lighthouse on a little island

In 1942, Austrian economic prophet Joseph Schumpeter coined the term “creative destruction.” Schumpeter envisioned innovation to be the key driver by which industries are “destroyed” and replaced with newer, more creative ones. This force is seen rapidly transforming the world of finance – from the legacy of branches, tellers and vaults to the future of data, algorithms and money.

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The Internet of Things and the threat it poses to GDPR compliance

The pending EU General Data Protection Regulation (GDPR) is already significantly impacting businesses across Asia. Slated for mandatory compliance by May 2018, the GDPR will drive significant requirements across all companies dealing with Europe to closely manage and track personal data information. The rules affect every entity that holds or uses European personal data both inside and outside of Europe – including Asia. Organisations need to take action now to make certain they are adequately capturing, integrating, certifying, publishing, monitoring and of course, protecting their data to ensure GDPR compliance.

Commentary

Creating a digital workforce for a smart nation with Robotic Process Automation

In today’s landscape of rapid changes and innovative technologies, modern organisations need to take on a new approach that will help them meet the demands of the digital world. More than ever, organisations today are under immense pressure to digitise and automate all aspects of their operations, including vital business processes that often require long hours of manual data entry.

Commentary

Smart travel in Singapore: Bring on the bots?

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.

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The omni-channel customer

Technology has changed the way retail is presented to its customers, so what do brands need to do to keep their customers happy?

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Is America still open to do business with Singapore SMEs?

The current US administration’s desire to limit foreign imports through protectionist measures has drawn much concern from Singapore businesses, with many asking us if the US is still open for business. Our answer? A resounding YES.

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Saving PMET jobs from machines

PMET jobs are under threat. We know we are living in precarious times. Human beings have lost their jobs to machines ever since the Industrial Revolution and today, this is happening at an unprecedented pace.

Commentary

Singapore doubles-down on data literacy in Smart Nation drive

Just as Singapore is benefiting from the invisible hand of technology, we have also ushered an era of data ubiquity where anyone – from the CEO to the intern, from professor to the student – can use that data for smarter decision-making.

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Changes must be made if Singapore is to stay ahead of the curve in cryptocurrencies

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. Menon’s wish illustrates how senior financial figures in Singapore understand both the benefits of bitcoin and its ilk, but also have serious reservations about the maturity of this asset class.

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A new digital model for the rising millennial business traveller

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

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