singapore

Anacle’s Tesseract Selected by the EMA to Develop and Testbed NB-IoT-enabled Advanced Electricity Meters

indie 21 4 月

3 minutes

SINGAPORE, Apr 21, 2021 - (ACN Newswire via SEAPRWire.com) - Anacle Systems Limited ("Anacle") has been selected by the Singapore Energy Market Authority ("EMA") to develop and testbed Narrowband Internet-of-Things (NB-IoT) enabled advanced electricity meters. The future meters will be based on Anacle's leading edge Tesseract® series of hyper-smart meters. This initiative is a collaboration between the EMA, Smart Nation and Digital Government Group (SNDGG) and utilities provider SP Group. The testbed will eventually be rolled out across 1.4 million consumer accounts (mainly households) in Singapore by 2024, as part of the national drive towards digitalization and greater efficiency. Launched in 2017, the Tesseract® opens up a world of possibilities. An end product of many years of rigorous research and development, the Tesseract® is currently the world's most powerful edge device for electricity monitoring and analysis. It has more than 40 times more computing power than the next nearest device, FeRAM-based persistent memory that is more than 6 million times more durable than traditional EEPROM-based memory, 10GB in-device storage, built-in digital signal processing and data encryp...

Consumer watchdog Case gets new executive director

aseanpr 19 4 月

2 minutes

SINGAPORE - The Consumers Association of Singapore (Case) has appointed a new executive director. In a statement on Monday (April 19), the consumer watchdog announced that Ms Lee Siow Hwee replaced incumbent Loy York Jiun at the beginning of the month. Mr Loy, 47, has returned to the National Trades Union Congress, from which he was seconded as deputy executive director of Case on April 1, 2016. He was appointed as executive director in 2017. Ms Lee, 42, has served in the People's Association for 18 years in roles, including as deputy general manager of Central Singapore Community Development Council as well as constituency director of Moulmein-Cairnhill and Jurong Central constituency offices. During the peak of the Covid-19 pandemic last year, she led several national assistance schemes to support affected households and local businesses in central Singapore. These included the CDC Student Meals Scheme, which helped families living in flats under the Public Rental Scheme with children studying in primary and secondary schools defray the cost of buying meals while on home-based learning. Case president Lim Biow Chuan said: "With Siow Hwee's extensive experience in working with sta...

Bodies of two men retrieved from Singapore River near Clarke Quay

aseanpr 18 4 月

2 minutes

SINGAPORE - The bodies of two men, aged 26 and 28, were retrieved from the Singapore River early on Sunday (April 18). Police said they were alerted at 1.57am to a case of suspected drowning near 6 Eu Tong Sen Street - the address of Clarke Quay Central. A spokesman for the Singapore Civil Defence Force (SCDF) said it received a call for water rescue at about 2am. Its officers saw no signs of the missing persons upon arrival. Divers from the SCDF's Disaster Assistance and Rescue Team (Dart) were deployed to perform an underwater search. Dart also deployed an underwater remotely operated vehicle to aid the search effort. This allows search operations to be conducted using sonar-imaging equipment that maps out underwater terrain. "This reduces risks for the divers due to poor visibility underwater, and also reduces search time," said the SCDF spokesman. The bodies were found and retrieved by the divers, one at about 4am and the other at about 5.45am. Both men were pronounced dead at the scene by an SCDF paramedic. "Based on preliminary investigations, the police do not suspect foul play," said a police spokesman. Investigations are ongoing. More on this topic Related Story Body of mi...

Singapore to run for membership in UN’s main drug policymaking body

aseanpr 17 4 月

3 minutes

SINGAPORE - Singapore intends to run for membership in the United Nations Commission on Narcotic Drugs (CND), the main drug policymaking body of the UN. Membership will be for the term between 2024 and 2027. This was announced by Minister for Manpower and Second Minister for Home Affairs Josephine Teo when she addressed the 64th session of the UN CND in the Austrian capital, Vienna. The session was held from April 12 to 16 and was attended by the Singapore delegation virtually. The Singapore delegation, led by Mrs Teo, comprised officials from the Ministry of Home Affairs, the Ministry of Foreign Affairs, the Central Narcotics Bureau, the Singapore Prison Service (SPS) and the Health Sciences Authority. There are 53 member states in the CND, which meet annually to review and analyse the global drug situation, develop strategies on international drug control, and recommend measures to address the problem around the world. Singapore has been participating actively as an observer at the CND. This year's session saw the adoption of the CND statement on the impact of the Covid-19 pandemic on the world's drug problem. The statement emphasised the importance of continuing efforts, taking ...

Elise Hong becomes first woman to head Singapore precision engineering body

elean 14 4 月

2 minutes

SINGAPORE (THE BUSINESS TIMES) - The Singapore Precision Engineering & Technology Association (Speta), which serves the traditionally male-dominated industry, will now be led by a woman for the first time since its founding in 1982. Elise Hong, the co-founder and chief executive of JCS-Echigo, which makes and supplies precision-cleaning machines and services for the hard-disk drive industry, was elected the new chairman at the association's annual general meeting last week. Before this, she had been deputy chairman. She takes over from Low Ming Wah, who is also the president and chief operating officer at Singapore-listed Micro-Mechanics Holdings. As the association's immediate past chairman, he will guide her for the next four years. On her new role, Ms Hong said: "I believe gender is not the criterion for business success. It is determination, creativity and a 'never say die' spirit that moulds the ultimate winner." As the new chairman of Speta, which has some 400 members, she will continue efforts to tackle long-standing issues in the industry, such as its struggle to attract local talent and cost competition from overseas players. For instance, Speta has set up committees to dr...

Singapore market may see some volatility but upside intact

elean 12 4 月

1 minute

SINGAPORE - After hitting a high at 3,209.74 points last Monday, the Straits Times Index (STI) went somewhat flattish through the week as its main drivers, the banks, put up a somewhat muted performance. Still, the benchmark Singapore index managed to eke out a 2.86 points gain from the previous Thursday (the previous Friday was a public holiday) to end last Friday at 3,184.56 points. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

Media Publishares and VIDY to develop NFT platform for fashion, arts and music community

indie 9 4 月

4 minutes

SINGAPORE, Apr 9, 2021 - (ACN Newswire via SEAPRWire.com) - Media Publishares, publishers of Vogue, Esquire, Robb Report and Buro in Singapore, announces a partnership with VIDY to launch and develop an NFT platform catering to the fashion, arts and music industry.VIDY, founded by Singaporean techpreneur Matthew Lim and Harvard University alumni Patrick Colangelo, is a blockchain-powered digital advertising tool that rewards viewers with native cryptocurrency, VIDYCOIN. Having implemented VIDY's technology across Media Publishares' titles, the partnership between the two companies grew organically given their shared 'digital first' approach and innovative thinking.The NFT platform - slated to launch in Q3 of 2021 - celebrates arts and culture within a 360-degree navigable virtual environment showcasing digital fashion, art, music and design. Key features of the platform include minting, trading and auctioning of NFTs through a tokenised system along with the ability to host social interaction.Focused on building virtual creativity as a skill set while promoting sustainable consumption, the platform will donate a percentage of NFT sales towards organisations tackling real-world prob...

Singapore and US to deepen transport cooperation, work to revive air travel

aseanpr 9 4 月

3 minutes

SINGAPORE - Singapore and the United States will deepen bilateral cooperation in the transport sector, working together in areas such as reviving international air travel in a safe manner amid the Covid-19 pandemic. The two countries will also strengthen cooperation in multilateral organisations such as the International Civil Aviation Organisation (ICAO), the Ministry of Transport and the US Department of Transport said in a joint statement on Friday (April 9). The statement, which followed an introductory virtual meeting between Transport Minister Ong Ye Kung and his US counterpart Pete Buttigieg on Thursday, said the countries will build on the excellent cooperation established over the years by agencies and officials on both sides, including in areas such as the exchange of best practices on urban transport systems. In a Facebook post on Friday morning, Mr Ong said he had a fruitful discussion with Mr Buttigieg despite the 12-hour time difference between Singapore and the US. It was 8pm in Singapore and 8am in Washington when they met virtually. "Secretary Buttigieg and I are in full agreement on the need to safely restore international air travel and to strengthen our collabor...

Media Publishares and VIDY announce partnership to develop NFT platform for fashion, arts and music community

indie 9 4 月

4 minutes

SINGAPORE, Apr 9, 2021 - (ACN Newswire via SEAPRWire.com) - Media Publishares, publishers of Vogue, Esquire, Robb Report and Buro in Singapore announce a partnership with VIDY to launch and develop an NFT platform catering to the fashion, arts and music industry.Founded by Singaporean tech-preneur Matthew Lim and Harvard University alumni Patrick Colangelo, VIDY is a blockchain-powered digital advertising tool that rewards viewers with native cryptocurrency, VIDYCOIN. Having implemented VIDY's technology across Media Publishares' titles, the partnership between the two companies grew organically given their shared 'digital first' approach and innovative thinking.The NFT platform slated to launch in Q3 of 2021 celebrates arts and culture within a 360-degree navigable virtual environment showcasing digital fashion, art, music and design. Key features of the platform include minting, trading and auctioning of NFTs through a tokenised system along with the ability to host social interaction.Focused on building virtual creativity as a skill set while promoting sustainable consumption, the platform will donate a percentage of NFT sales towards organisations tackling real-world problems t...

Britain setting up new health office with Singapore’s Health Promotion Board as model

aseanpr 8 4 月

1 minute

SINGAPORE - The Health Promotion Board (HPB) in Singapore will be the model for a new office Britain is setting up to lead its efforts to improve and level up the public's health. Announcing the move on March 29, the country's Department of Health and Social Care said: "This office and approach will be modelled on successful methods to this agenda internationally, such as in Singapore, which has a Health Promotion Board, and has pioneered new digital public health schemes, such as their 'National Steps Challenge'." Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

New standards for Mice sector launched as S’pore prepares to hold larger events, welcome visitors

aseanpr 7 4 月

3 minutes

SINGAPORE - Singapore has launched a new certification programme for the meetings, incentives, conventions and exhibitions (Mice) sector for large-scale events to be conducted in a safe manner. Event organisers, venue owners and suppliers who meet strict benchmarks and uphold best practices in areas such as hygiene and sanitisation, safe distancing and emergency management will be able to display a mark of assurance that they meet Singapore government standards, which can serve to assure global participants, such as conference attendees. The SG SafeEvents Certification, billed as a first-of-its-kind programme, was launched on Wednesday (April 7) by the the Singapore Association of Convention and Exhibition Organisers and Suppliers (Saceos). The certification is aimed at giving Mice players here a competitive edge as they recalibrate their business operations for a Covid-19-safe marketplace, said Saceos president Aloysius Arlando. Adherence to the national standards provides a mark of assurance to the industry and the global community that events organised by certified organisers and suppliers, and held at certified venues, are "recognised under the programme to be safe, and the hea...

S’pore to get 4 new attractions including Museum of Ice Cream and Sentosa rotating gondola

aseanpr 7 4 月

4 minutes

SINGAPORE- An ice cream museum and another thrill ride in Clarke Quay are some of the new attractions Singaporeans can expect from this year, as Singapore seeks to enhance its attractiveness to prepare its hard-hit tourism sector for recovery. Sentosa will also welcome its own attraction next year, the SkyHelix Sentosa, an open-air rotating gondola that will ascend 35m above ground and offer views of Singapore's southern coast. There are also plans to have a new attraction at the vacant site between Somerset Skate Park and Killiney Road, as part of a plan to test-bed new concepts in Orchard Road. Announcing these plans on Wednesday (April 7) at the Tourism Industry Conference, an annual event organised by the Singapore Tourism Board (STB) for industry players, chief executive of STB Keith Tan said these new projects will help to support the tourism sector and increase its attractiveness. "These projects are a welcome breath of fresh air amongst all the negativity and bad news in the last year. Since the pandemic hit, we have focused on how to weather this 'long winter,'" Mr Tan said, adding that it is now time to focus on how Singapore can prepare for the future and thrive to becom...

Spac bubble fears lead Hong Kong, Singapore down cautious path

elean 7 4 月

5 minutes

HONG KONG (BLOOMBERG) - Hong Kong and Singapore are trying to get in on the boom in blank-cheque company listings, while safeguarding investors from what some say is a bubble about to burst. Authorities in the Asian financial hubs are mulling tighter frameworks than in the US for listings of special purpose acquisition companies. The US-led dealmaking boom has raised about US$100 billion (S$133.9 billion) so far this year even though it's now showing signs of fizzling amid increased scrutiny by regulators. "They are a bit too late to the party so it's good that they are cautious," said Justin Tang, head of Asian research at United First Partners in Singapore. "The euphoria in this Space means that caution is highly warranted." Pushed by the government, Hong Kong is said to target having its regime in place by the end of the year. The plan, which is still being formulated, would set special conditions for sponsors of Spacs, including having a track record of managing money, and that Spac acquisitions will have to meet the existing standards for initial public offerings. It's in a race with Singapore, which is now further along after last week releasing a consultation paper on its pl...

Tiger Brokers Singapore Achieves 100% Growth in Account Openings for Three Consecutive Quarters in 2020; Continues to Focus on Untapped Gen Z Market

aseanpr 6 4 月

8 minutes

- Sees Singapore as a huge potential growth market for online trading especially among the younger Singaporeans who are getting more savvy with investing online. SINGAPORE, Apr 6, 2021 - (ACN Newswire) - Tiger Brokers Singapore, the Xiaomi-backed online trading platform, today revealed continued exponential growth and momentum among its user base in Singapore. The online and mobile-focused brokerage saw 100% growth in customer accounts for three consecutive quarters in 2020. Wu Tianhua, Chief Executive Officer of UP Fintech Holding Limited shared, "The total addressable market in Singapore is huge. The country has one of the highest rates of digitalisation in the world, and a nation-wide preference for digital banking which is supported by high tech infrastructure and key fintech initiatives led by the government, making it a very attractive and relevant market for Tiger Broker's services. This is a market that has huge potential for us, and we are working hard for incremental market growth, especially focused on younger Singaporeans who are getting more savvy with their investment needs." Eng Thiam Choon, Chief Executive Officer of Tiger Brokers Singapore, also...

Who killed my father? 47 years on, son of S’pore labourer who was murdered in 1974 hopes for answers

aseanpr 4 4 月

1 minute

SINGAPORE - When Mr Rajoo Mani read an article in January this year that described the unsolved case of a girl who was found murdered in Singapore in 1995, it brought back a flood of memories. He was nine years old when police officers found his father's body in Clementi Road on Oct 6, 1974. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

S’pore investors who chase high returns fall victim to scams: 6 high-profile deals that went sour

elean 3 4 月

1 minute

SINGAPORE - With savings interest rates lower than 2 per cent and soaring property prices allowing only the wealthy in, investors in Singapore have been chasing higher returns by hunting down overseas properties and alternative schemes. But this quest has seen many fall victim to scams. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

MAS not expected to intervene given benign inflation forecasts

elean 3 4 月

6 minutes

More than a year has passed since the onset of the Covid-19 pandemic. While we are now more optimistic that better days are ahead, the fight is not yet over. Much more needs to go right for us to be sure that we are entering the final stage of the battle to beat Covid-19. Traditionally, as we move into the recovery and growth phase of an economic cycle, we can expect to see an uptick in inflation from increased consumption of goods and services amid a tighter labour market. We are certainly seeing the positive signs of recovery. The International Monetary Fund has upgraded its 2021 global economic growth outlook to 5.5 per cent. UOB Global Economics and Markets Research has also pencilled in a gross domestic product expansion projection of 5.5 per cent for Singapore this year on the back of better-than-expected performance in the first quarter. As economic conditions improve, the country's labour market is likely to tighten. We expect job numbers to improve and the unemployment rate to fall to 2.6 per cent in the fourth quarter of this year, down from 3 per cent in the same period a year ago. Should we expect the bounce back from Covid-19 to follow previous cycles or are there sign...

Having more doctors on IP panels may lead to higher premiums: Life Insurance Association

aseanpr 2 4 月

9 minutes

SINGAPORE - Having more doctors on the panels of Integrated Shield Plans is on the cards but they cannot expect default fees at the upper end of fee benchmarks set by the Ministry of Health (MOH), as this may lead to higher claim costs and consequently, premiums, said the Life Insurance Association (LIA) Singapore on Friday (April 2). In its second response to a position statement on IPs released by the Singapore Medical Association (SMA) nearly a week ago, LIA Singapore reiterated the link between an increased number of doctors and higher claims. "If insurers recklessly increase panels, premiums will rise significantly, but if we increase the panel sizes in a careful manner, while paying the doctors reasonable fees, then the impact on premiums can be muted," said a spokesman from LIA Singapore. The SMA has expressed unhappiness at the limited number of private specialists on IP panels, and the fact that they are mostly paid at the lower end of the fee benchmarks. SMA argues that their costs are rising because of greater management expenses and commission costs for insurers, rather than higher claims. LIA Singapore's point is that insurers' costs went up in the short term, but this...

askST: Will I be affected by the ongoing battle between doctors and IP insurers?

aseanpr 2 4 月

1 minute

SINGAPORE - Doctors and Integrated Shield Plan (IP) insurers are currently locked in a battle over the relatively small number of preferred private specialists on the insurers' panels. The rift is not new but it intensified at the start of the week when the Singapore Medical Association (SMA), which has more than 8,200 members, issued a position statement on what it called "troubled" IPs. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

Singapore aims to contribute $27.7m to help low-income countries hit by Covid-19

aseanpr 31 3 月

2 minutes

SINGAPORE - Singapore aims to contribute US$20.57 million (S$27.69 million) towards international efforts to help low-income countries deal with the economic fallout from the Covid-19 pandemic. This will be done through the International Monetary Fund (IMF) - subject to Parliament's approval on April 5 - the Monetary Authority of Singapore (MAS) said on Wednesday (March 31). Singapore is looking to support three initiatives. These are the IMF's Catastrophe Containment and Relief Trust, the Covid-19 Crisis Capacity Development Initiative and the Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries. MAS said: "Singapore has a strong interest in supporting the global economic recovery from the ongoing Covid-19 pandemic. Alongside other member countries' contributions, Singapore's grant contributions in response to the IMF's request also demonstrates our support for collective global action to help the most vulnerable countries." The Republic's contributions to the Catastrophe Containment and Relief Trust and the Covid-19 Crisis Capacity Development Initiative will stand at US$17.6 million and US$2 million respectively, and will come from MA...

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