Singapore signs fintech cooperation agreement with France

SINGAPORE and France on Monday signed an agreement to enhance cooperation in the fintech sector.

S'pore-based QAssure launches crowd-testing software service

AS more services go into the cloud and use open-source software and services, Singapore-based QAssure Technologies (QAssure) is offering enterprises a cloud-based and crowd-sourced platform which offers crucial testing of software code that is done much faster and at a lower cost.

Infineon upgrades its Singapore plant into smart factory

GERMAN semiconductor giant Infineon Technologies is spending 70 million euros (S$105.2 million) in the five years to 2021 to develop a "smart factory" at its backend manufacturing plant in Singapore. ...
HOCK LOCK SIEW

Fall in VC investment in Singapore fintechs not necessarily a bad sign

IS THE fintech (financial technology) industry in Singapore losing its appeal for investors?

Films Act, Broadcasting Act to be updated: Yaacob (Amended)

THE government will update both the Films Act and the Broadcasting Act to take into account various forms of content delivery that have been made possible by technology, such as OTT (over the top) broadcasts and live streaming, Yaacob Ibrahim, Minister for Communications and Information, told...

More low-income households to get Home Access benefits

THE government is expanding the Home Access Programme, which provides low-income households with low-cost broadband connectivity at home, and a tablet, to benefit 16,000 households in addition to the existing 8,000 on the current programme.

Government to help SMEs become digitally savvy: Yaacob

THE government has been working hard to help Singaporean companies, particularly SMEs (small and medium enterprises), to be better prepared for the digital economy, Yaacob Ibrahim, Minister for Communications and Information told Parliament on Monday.

Google looks to govt fillip to Chromebook sales in Singapore (Amended)

THE upcoming move to delink Internet access from public officers' work computers may give an impetus to Google's Chromebook project in Singapore, says Caesar Sengupta, Google's vice-president for product management...

EDBI invests in US storage vendor

EDBI, the investment arm of the Singapore Economic Development Board, is among the investors that have participated in the US$21.5 million Series C funding for the US firm Hedvig, which provides software-defined storage (SDS) to companies.

Capgemini opens Singapore innovation centre

TECHNOLOGY consulting and outsourcing services provider Capgemini on Tuesday launched its Applied Innovation Exchange (AIE) in Singapore. The exchange, the company's 10th globally and the first in South-east Asia, will deliver a robust service catalogue, within an ecosystem of other AIEs,...

The artist as leader

ANDREW Penn, CEO of Australia telecommunications giant, Telstra, loves to paint. When we met recently he says, half in jest, that some paint is still visible under his nails - he had been painting over the weekend. Mr Penn is a bit shy about his hobby - he thinks he is still not good enough to hold...

Singapore fintech investment down 65% in 2016: KPMG

IN 2016, there was a 65 per cent drop in overall investment in Singapore-based fintech companies, down from US$605 million to US$214 million, according to a KPMG International study Pulse Of Fintech.

ST Engineering's Q4 earnings rise 21% to S$170.4m

SINGAPORE Technologies Engineering (ST Engg) recorded a fourth-quarter net profit growth of 21 per cent to S$170.4 million from S$140.8 million a year ago.
HOCK LOCK SIEW

Tough year ahead for Singapore telcos

THE next couple of months will be an interesting period for the Singapore telecoms industry. First a spectrum auction will be held by the Infocomm Media Development Authority (IMDA) of Singapore for newly freed-up spectrum. After that, in April, the three incumbents - Singapore Telecommunications (...

Assurity to offer extra layer of digital protection

ASSURITY Trusted Solutions, owned by Government Technology Agency (GovTech), signed an agreement on Tuesday with V-Key, a leading player in digital mobile security solutions, to deliver a new form of authentication via V-Key's mobile soft token application called V-Tap...

Assurity to provide new level of authentication

GOVERNMENT Technology Agency (GovTech) owned Assurity Trusted Solutions on Tuesday signed an agreement with V-Key, a leading player in digital mobile security solutions, to deliver a new form of authentication via V-Key's mobile soft token application called V-Tap...

Technology a way to mitigate manpower shortage in healthcare

HEALTHCARE is a key concern for the government, given Singapore's ageing population. Chee Hong Tat, Minister of State for Health, recently noted that Singapore's rapid ageing poses twin challenges: higher demand for healthcare and aged care, and a slowdown in labour force growth...

ST Telemedia adds to its data centre portfolio

ST Telemedia's wholly owned subsidiary, ST Telemedia Global Data Centres, (STT GDC), announced on Monday the addition of three colocation facilities in Singapore, following the completion of the second phase of its strategic joint venture partnership with Tata Communications...

Singtel prepares for NetLink Trust IPO

SINGAPORE Telecommunications Ltd (Singtel) is preparing to divest more than 75 per cent of its 100 per cent shareholding in NetLink Trust (NLT), Singtel's CEO Chua Sock Koong said on Thursday. ...

Micro-Mechanics' Q2 profit up 23.5%

SEMICONDUCTOR tool-maker Micro-Mechanics' fiscal second-quarter net profit rose 23.5 per cent to S$3.36 million, driven mainly by higher sales in Singapore, Malaysia and the US...
TOPLINE

Reaching the apex in a game of innovation

THE Singapore flag flew high last month at CES, the Consumer Electronics Show, in Las Vegas, thanks to gaming company Razer.

StarHub Q4 net profit down 33.2% to S$54m

LOWER revenue from equipment sales, among other factors, contributed to a 33.2 per cent drop in StarHub's fourth quarter net profit for the period ended Dec 31, 2016. Net profit for the quarter was S$54 million - down from the S$80.8 million it bagged one year ago. Revenue for the period was...

StarHub's Q4 profit down 33.2% to S$54m

STARHUB'S net profit for the fourth quarter ended Dec 31, 2016, fell 33.2 per cent to S$54 million, from S$80.8 million one year ago. Revenue for the period was flat with a 0.2 percentage-point gain to S$634.8 million, from S$633.8 million one year ago...

M1's Q4 net profit down 27.1% to S$31.8m

WITH traditional telecommunication services being disrupted by OTT (over-the-top) services, M1 on Tuesday reported a 27.1 per cent drop in fourth-quarter net profit to S$31.8 million, from S$43.6 million one year ago, for the period ending Dec 31, 2016.

M1's Q4 profit down 27.1% to S$31.8m as traditional telco services take a hit

WITH traditional telecommunication services disrupted by over-the-top services, M1 on Tuesday reported a 27.1 per cent fall in net profit for the fourth quarter ended Dec 31, 2016, to S$31.8 million, from S$43.6 million in the year-ago period.