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SINGAPORE: An index that serves as a diagnostic tool to help companies harness the potential of Industry 4.0 was launched on Monday (Nov 13) by the Singapore Economic Development Board (EDB) in partnership with TÜV SÜD. Called the Singapore Smart Industry Readiness Index, this tool will allow companies across industries to evaluate the current state of their facilities, better understand… → Read More
SINGAPORE: A S$6.2 million research grant from the Energy Market Authority (EMA) has been awarded to help develop Singapore's capability to accurately forecast solar energy output, Senior Minister of State for Trade and Industry Sim Ann announced on Monday (Oct 23). The grant was awarded to a consortium led by the National University of Singapore (NUS) during the Singapore International Energy… → Read More
SINGAPORE: The Ministry of Manpower has piloted a new scheme which will make it easier for local companies to tap on foreign trainers from overseas to help fill skills gaps. Speaking at a Human Capital Partnership event on Tuesday (Oct 10), Minister for Manpower Lim Swee Say said that the Capability Transfer Programme would help boost areas in which local companies lack expertise. He gave the… → Read More
SINGAPORE: The government is considering giving the Accounting and Corporate Regulatory Authority (ACRA) the power to sanction audit firms as it reviews the Accountants Act, Senior Minister of State for Law and Finance Indranee Rajah said on Tuesday (Oct 3). “Amongst others, we are looking to empower ACRA to conduct firm-level inspections, and where necessary, mete out sanctions for… → Read More
SINGAPORE: More Singaporean PMETs are finding employment, showing that efforts to get companies to hire locals first have been successful. Over the past three years, the number of employment pass (EP) holders grew by 17,000. But this was eclipsed by the growth of local professionals, managers, executives and technicians (PMET) employment, which increased by 105,000 during the same period, or… → Read More
SINGAPORE: The first electric car-sharing programme in Singapore will be launched in December with 30 charging stations and 80 electric cars being rolled out progressively, operator BlueSG said on Wednesday (Sep 27). BlueSG, a subsidiary of French conglomerate Bollore Group, signed an agreement with the Land Transport Authority (LTA) and the Economic Development Board in June last year to… → Read More
Amid a heightened security landscape, the Government is doing more to prepare businesses in the event of a terror threat, Deputy Prime Minister Teo Chee Hean says. → Read More
SINGAPORE: CapitaLand Commercial Trust (CCT), Singapore’s largest office real estate investment trust, is acquiring Asia Square Tower 2 building at Marina Bay for a property value of S$2.09 billion. CCT made the announcement on Thursday (Sep 21) afternoon, following a trading halt of the REIT's counter on the Singapore Exchange. The total acquisition cost from BlackRock Asia Property Fund III LP… → Read More
SINGAPORE: A new innovation to simplify the process of removing large or complex kidney stones has been developed by a team of staff from the Institute of Technical Education (ITE), said a joint press release on Tuesday morning (Sep 19). The team, in collaboration with the National University Hospital (NUH), the National University of Singapore (NUS) and Invivo Medical, created a mechanism… → Read More
SINGAPORE: A new industry transformation map for the wholesale trade industry which aims to help companies digitalise to enhance global growth and productivity was unveiled by Minister for Trade and Industry S Iswaran on Wednesday (Sep 6). The roadmap targets to create 10,000 new jobs by 2020. Trade agency IE Singapore said the wholesale trade industry comprises more than 34,000 firms and… → Read More
SINGAPORE: Gain regional exposure, embrace lifelong learning and follow your entrepreneurial spark. This was the message of Trade and Industry (Industry) Minister S Iswaran to students at the Ministry of Trade and Industry (MTI) Economic Dialogue on Monday (Aug 28). The forum was attended by Nanyang Technological University, National University of Singapore and Singapore Management University… → Read More
Ms Agatha Sacha Lim Lee, Mr Jasdeep Singh Hundal, Mr Lee Tat Wei, Officer Cadet Lionel Oh Wei Hao and Ms Wee Jin Ting Cheri received the awards in a ceremony at the Istana on Wednesday (Aug 16). → Read More
SINGAPORE: The Info-communications and Media Development Authority (IMDA) has signed seven memoranda of intent (MOIs) with telcos and financial institutions to help small- and medium-size enterprises (SMEs) access technologies to go digital. This was announced by Communications and Information Minister Yaacob Ibrahim, who was speaking at the Singapore Chinese Chamber of Commerce and Industry's… → Read More
The Enhanced Career and Education Fair will, for the first time, differentiate participating full-time national servicemen on whether they want to work or study after they complete NS. → Read More
SINGAPORE: A government scheme that allows workers to continue working for a longer age has seen “very good progress” in the past five years, said Minister of State for Manpower Sam Tan in an exclusive interview with Channel NewsAsia. The number of complaints on re-employment the Manpower Ministry has received also remained low, over the years, he added. The retirement and re-employment act was… → Read More
SINGAPORE: More than 8,300 local small- and medium-size enterprises (SMEs) are expected to benefit from the Local Enterprise and Association Development (LEAD) programme, as the number of projects under it more than doubled last year. Trade agencies IE Singapore and SPRING Singapore, which spearhead the programme, made the announcement on Monday (Jul 24) at this year's edition of the LEAD Forum.… → Read More
More than 100 small- and medium-size enterprises have adopted 24 digital solutions under the Go Digital programme. → Read More
The five growth sectors highlighted by Manpower Minister Lim Swee Say on Wednesday (Jul 19) are the wholesale trade sector, infocomm and media, healthcare, financial services, as well as professional services. → Read More
Biggest IPO in six years is expected to raise about S$2.3 billion in fresh capital. For the whole of 2016, total capital raised was S$2.3 billion; a year before that, it was S$0.5 billion. → Read More
Electronics giant Siemens opened its first digitalisation hub in Singapore on Tuesday (Jul 11). It hopes to hire 300 digitalisation experts by 2022. → Read More