TOPLINE

Top Global develops hospitality tech

IN A bid to be less asset-heavy, property developer Top Global is nurturing a new growth engine: smart solutions, starting with the hospitality industry. From self-service check-in to dynamic pricing, some solutions are already in place at its 5footway hostels, with more in development.

EU Council approves EUSFTA, agreement to enter into force on Nov 21

THE European Union-Singapore Free Trade Agreement (EUSFTA) has received approval from the Council of the European Union, Minister-in-charge of Trade Relations S Iswaran and European Commissioner-Designate for Trade Phil Hogan announced at the EUSFTA Gala Dinner in Singapore on Friday night.

EUSFTA approved, targeted to come into force on Nov 21

THE European Union-Singapore Free Trade Agreement (EUSFTA) has received final approval from the Council of the European Union, with the aim being for it to enter into force on Nov 21, 2019, Minister-in-charge of Trade Relations S Iswaran and European Commissioner-Designate for Trade Phil Hogan...

BETTER FOR BUSINESS

Providing timely guidance

WITH a month to go, medtech firm MiRXES doubted it would be able to get clarification on health regulations in time for its planned free cancer screening at a community event.

PARLIAMENT

Incentives tied to axed Dyson electric car project will not be granted

GIVEN that Dyson scrapped plans to build electric vehicles in Singapore, any government incentives tied to that project will not be granted, Senior Minister of State for Trade and Industry Chee Hong Tat said in Parliament on Tuesday.

Singapore's net business formation lower than usual in 2019 so far

IN the first nine months of 2019, net formation of business entities has been about a quarter lower than the average in recent years, Senior Minister of State for Trade and Industry Chee Hong Tat said in response to a parliamentary question on Tuesday.

Incentives linked to Dyson's axed electric car project will not be granted: Chee Hong Tat

GIVEN that Dyson has scrapped its plans to build electric vehicles in Singapore, any government incentives which might have been tied to that specific project will not be granted, Senior Minister of State for Trade and Industry Chee Hong Tat said in response to a parliamentary question on...

PARLIAMENT

Retirement Sum Scheme payouts capped at age 90

CENTRAL Provident Fund (CPF) payouts under the Retirement Sum Scheme (RSS) will now last up till the age of 90 at most, down from 95 previously, Manpower Minister Josephine Teo said in Parliament on Monday.

Singapore factory outlook stays glum in October despite PMI edging up

SINGAPORE'S manufacturing sentiment remained in the doldrums in October, with the Purchasing Managers' Index (PMI) edging up 0.1 point to 49.6, its sixth straight month in contractionary territory. A reading over 50 indicates expansion from the previous month, while one under 50 indicates...

CPF Retirement Sum Scheme to be capped at age 90 for higher payouts

CENTRAL Provident Fund (CPF) payouts under the Retirement Sum Scheme (RSS) will now last up till the age of 90 at most, down from 95 previously, Manpower Minister Josephine Teo said in Parliament on Monday.

Govt pilots Contribute-as-you-Earn scheme for public sector's service providers

SELF-EMPLOYED persons (SEPs) who provide services directly to the public sector will have their Medisave contributions transferred by the government, as and when they earn such income, Manpower Minister Josephine Teo said in Parliament on Monday.

BARFLY

A tipsy spin on the bubble tea craze

WHEN it comes to beverage fads and unexpected flavour combinations, the realm of bubble tea can more than hold its own against that of cocktails. Laid-back Robertson Quay bar The 3 Peas offers concoctions for those who want the best of both worlds.

H1 tourist spend points to Singapore missing full-year target

SINGAPORE'S tourism receipts were down 1.3 per cent year on year in the second quarter at S$6.5 billion, despite a 1.7 per cent rise in international visitor arrivals to 4.6 million, according to Singapore Tourism Board (STB) figures on Wednesday.

Singapore tourism receipts down 1.3% in Q2 despite rise in arrivals

SPENDING by visitors to Singapore declined 1.3 per cent to S$6.5 billion in the second quarter of 2019 from the same period last year, despite a 1.7 per cent rise in international arrivals to 4.6 million, according to Singapore Tourism Board figures on Wednesday.

BT EXCLUSIVE

Asia-Pac ports underinsured against cyberattacks; one attack could cause up to US$110b in losses

LOSSES from a cyberattack on ports in Asia-Pacific could range from US$40.8 billion to US$109.8 billion, according to scenarios studied by the Singapore-based Cyber Risk Management (CyRiM) project.

Singapore sets 2030 target for sustainable energy supply

IN ITS bid to build energy supplies in a "sustainable, reliable and affordable" way for the next 50 years, Singapore aims to deploy at least two gigawatt-peak (GWp) of solar energy, or roughly 10 per cent of peak daily electricity demand, by 2030.

Singapore aims for 2 GWp of solar energy by 2030

SINGAPORE aims to deploy at least two gigawatt-peak (GWp) of solar energy by 2030, Minister for Trade and Industry Chan Chun Sing announced on Tuesday at the opening of the Singapore International Energy Week.

BETTER FOR BUSINESS

Helping ideas set sail

GETTING permission for something may be daunting; all the more so for an untested idea. When entrepreneurs get lost amid regulations and remits, the Pro-Enterprise Panel (PEP) is there to connect them with the right authorities and help ideas set sail - literally, in the case of Marina Bay's "...

ADVANCED MANUFACTURING

S$38m initiative for hyper-personalised manufacturing among new Industry 4.0 moves

TO help firms achieve a "minimum order quantity of one", S$38 million will be invested in research and development for hyper-personalisation in manufacturing, in a public-private partnership announced on Tuesday.

ADVANCED MANUFACTURING

Semiconductor, pharma lead in Industry 4.0 readiness: EDB study

WITHIN Singapore's manufacturing sector, semiconductor and pharmaceutical firms lead the way in adopting Industry 4.0 technologies, according to a Singapore Economic Development Board (EDB) study.

Semicon, pharma manufacturers lead in Industry 4.0 readiness: EDB study

WITHIN Singapore's manufacturing sector, semiconductor and pharmaceutical firms lead the way in adopting Industry 4.0 technologies, based on a Singapore Economic Development Board (EDB) study of 200 firms that have undergone Smart Industry Readiness Index (SIRI) assessment.

S$38m public-private partnership launched for hyper-personalised manufacturing

TO help firms achieve a "minimum order quantity of one", S$38 million will be invested in research and development for hyper-personalisation in manufacturing, under a public-private partnership announced on Tuesday.

Singapore cloud market to reach US$3.6b by 2023, says report

SINGAPORE'S public cloud computing market is expected to reach US$3.6 billion by 2023, representing a CAGR (compound annual growth rate) of 20 per cent, according to a Google Cloud study conducted with Boston Consulting Group.

COMMENTARY

Technical recession or not, underlying factors matter more

SINGAPORE'S narrow escape from recession in the third quarter may be good news for consumer sentiment, but it is arguably more productive to focus on specific aspects of the economy, rather than the narrow binary of whether a technical recession is upon us - which, at any rate, could be...

SINGAPORE ECONOMY

MAS eases monetary policy 'slightly' in October

THE Monetary Authority of Singapore (MAS) has eased monetary policy "slightly" in its half-yearly monetary policy review on Monday, in a move that economists see as leaving the door open for another possible easing in April 2020.