Business

iPrice study reveals the biggest e-commerce companies in Singapore and SEA in Q2 2019

iPrice Group, together with its partner App Annie Intelligence, recently updated its Map of E-commerce via the latest study to showcase the biggest developments in Singapore’s top e-commerce players based on their average quarterly traffic, mobile application ranking, social media followers, and number of staff. The study was conducted to keep track on the latest developments of the internet economy’s …

Read More »

Joint venture with Temasek terminated due to “bad’ market conditions for residential properties: InvestPenang exec director

Business Processing Outsourcing Prime (BPO Prime), the joint venture (JV) between Temasek Holdings and Penang Development Corporation (PDC), was mutually terminated due to grim market conditions. InvestPenang executive director Lee Kah Choon told Malay Mail on Thu (8 Aug) that the decision to terminate the RM1.3 billion JV (S$429 million) was made based on the findings of a survey conducted …

Read More »

Underwriters Laboratories and Enterprise Singapore sign agreement to collaborate on developing standards to support emerging areas

Underwriters Laboratories (UL), a global standards development organization, and Enterprise Singapore, the national standards body of Singapore, have recently signed a collaboration and license agreement at the sidelines of the Pacific Area Standards Congress held in Wellington, New Zealand. The agreement was signed on 9 April 2019 by Ms Sonya Bird (director of international standards at Underwriters Laboratories) and Mr …

Read More »

Almost half of Singapore enterprises admit they lack sufficient threat intelligence amid rising cyberattacks in businesses, reveals study by Kaspersky

On Tuesday (30 July), Kaspersky hosted a media briefing session in Singapore and shared updates from its ‘B2B IT Security 2018’ report. The study revealed that Singapore enterprises are aware cyber threats are becoming more sophisticated, but lack of tools and insights to understand these threats prevent these enterprises from effectively addressing them. In fact, close to half (42.6%) of …

Read More »

Survey: 45% of local organisations believe their networks are vulnerable to cyber attacks

According to a new global survey by CyberArk, 45% of local organisations believe their networks can be easily infiltrated by cyber attacks due to lack of awareness or limited cybersecurity protocol towards privileged access security. The CyberArk Global Advanced Threat Landscape 2019 Report showed that a general lack of awareness regarding the existence of privileged credentials – primarily across Internet of …

Read More »

Hyflux ‘progressing’ towards S$400mil binding deal with UAE’s Utico

Beleaguered homegrown water treatment firm Hyflux is in the midst of securing a S$400 million binding deal with its potential white knight Utico, which will require the approval of the former’s senior and junior creditors. The Straits Times reported Fri (12 Jul) that the United Arab Emirates utilities company is seeking to hold 88 per cent of Hyflux’s shares in …

Read More »

Deutsche Bank employees in Singapore face looming threat of retrenchment as German firm carries massive overhaul globally

Deutsche Bank’s employees in Singapore are currently on edge as the German multinational investment bank and financial services company embarks on its sweeping restructuring plan, which will impact around 18,000 jobs globally in its first round of retrenchments. CNA reported on Mon (8 Jul) that staff members in Deutsche Bank’s Singapore unit who have not been affected by the layoffs …

Read More »

Sembcorp Marine files police report with CAD after Brazil unit scandal

Following a suspicious transaction allegedly involving the former president of its Brazilian unit, Sembcorp Marine (SembMarine) lodged a report with the Singapore Police Force’s Commercial Affairs Department (CAD). The Edge Singapore reported that while Martin Cheah Kok Choon, who is formerly the president of Estaleiro Jurong Aracruz (EJA) until Jun 2015 when his employment was terminated, was purportedly involved in …

Read More »

Digital products in banking: Walking through the creation process with Nullgravity’s Igor Pyatnytskyy

On the path to digitalisation, financial institutions stumble upon perceptional obstacles — delusions, fears and conservatism steal the chance of being innovative. VP of Business Development at digital partner & product development company Nullgravity Igor Pyatnytskyy shares his expertise, and sheds light on digital product creation. Information technologies have had an immense influence on the way people think. The human brain …

Read More »

The exponential growth of the online lending industry

In recent years, online loans have increasingly become popular, with more borrowers opting for more convenient alternatives to the services offered by traditional banking institutions. In 2015, the online lending industry was close to hitting the $50 billion mark, and by 2020, one out of five SMEs is estimated to become dependent on alternative lenders. But what has spurred the …

Read More »