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1 in 3 firms have no plans to adopt machine learning: poll

15 Apr 2019 - Singapore Business Review
Almost half cited cost as a barrier. Over 1 in 3 or 35% of accountancy firms in Singapore have no plans to adopt machine learning in their organisation, with 13% still undecided, according to a report from the Association of Chartered Certified Accountants’ (ACCA). Machine learning is part of the artificial ...

Singapore's mobile payments growth hits 46% in 2019

15 Apr 2019 - Singapore Business Review
It lags behind Vietnam in terms of growth rate. Mobile payments in Singapore climbed 12 ppt from 34% in 2018 to 46% in 2019, making the nation the fifth fastest in terms of mobile payments growth in Southeast Asia, according to a research by PwC. This is said to signify a payoff in the efforts by the ...

Daily Briefing: NUS Enterprise and MPA to invest over $600,000 in 13 maritime startups; E-scooter firm Lime to set up Singapore HQ

15 Apr 2019 - Singapore Business Review
And predictive analytics provider AIDA Technologies clinches series A funding from Mastercard and SGInnovate. From Tech in Asia: The Maritime and Port Authority of Singapore (MPA) and NUS Enterprise, the entrepreneurial arm of the National University of Singapore, will reportedly back 13 out of 17 startups ...

Kajang-Putrajaya rail link may be revived

15 Apr 2019 - The Star Online
PETALING JAYA: Plans are afoot to revive the abandoned RM400mil Putrajaya rail link with an additional extension up to the Kajang mass rapid transit (MRT) station. It is believed that Putrajaya Holdings Sdn Bhd, which is the master developer of Putrajaya administrative capital, is looking into the rail ...

Chart of the Day: Firms with deteriorating risk standing hit 21.36% in 2018

15 Apr 2019 - Singapore Business Review
This represents a visible increase from just 15.13% in 2017. The proportion of firms in Singapore which experienced a decline in risk standing surged to 21.36% in 2018 from 15.13% in the previous year as deepening economic uncertainties continue to weigh in on corporate performance, according to the ...

Investors Target Emerging Startups at Blockshow Asia 2019

15 Apr 2019 - ACN Newswire
Blockshow Asia will take place at Singapore's Marina Bay Sands Expo on November 14-15th. As interest from investors starts to ramp up, the anticipation of finding the next big blockchain company begins to reach new heights. While it could carve out a path for a resurgence in the markets, it will be most ...

ACROMEC's Core Business Adds S$6.75 Million Contract to Order Book

12 Apr 2019 - ACN Newswire
ACROMEC Limited ("ACROMEC" or the "Company", and together with its subsidiaries, the "Group"), an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, pharmaceutical, biomedical science, research and academia, and electronics sectors, ...

Rollout of 5G to boost Inari Amertron prospects, says UOB Kay Hian

12 Apr 2019 - The Star Online
KUALA LUMPUR: Inari Amertron will benefit from the roll-out of the 5G network and infrastructure, UOB Kay Hian Malaysia Research says. It said on Friday that although FY19 will be a transition year for Inari for both its existing and new businesses, the group’s medium-term outlook remains promising, ...
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3 in 5 Singaporeans willing to share data for cheaper banking products

12 Apr 2019 - Singapore Business Review
Users are willing to share data on their income, location and lifestyle habits. Six in ten consumers in Singapore would be willing to share significant personal information like income, location data and lifestyle information with their bank and insurer in exchange for more affordable and personalised ...

Singapore GDP growth eased to 1.3% in Q1: MTI estimates

12 Apr 2019 - Singapore Business Review
Gains in the construction sector failed to offset manufacturing decline. Singapore's GDP growth slowed to 1.3% in Q1 from 1.94% in the previous quarter as the manufacturing sector continued to weaken, according to advance estimates from the Ministry of Trade and Industry (MTI). Also read: Singapore ...