Finance

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 …

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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 …

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PAP policies have helped improve lives of foreign residents

At a community walkabout in Bedok on Sat (27 Jul), Deputy Prime Minister Heng Swee Keat told the media that many residents he spoke to during the community visit had expressed support for his PAP government policies and how such policies have improved their lives. Heng said Singaporeans are fair-minded, and will look at the quality of ideas and the …

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Huobi becomes 5th licensed cryptocurrency exchange in Thailand upon receiving digital asset trading license

Thailand’s Ministry of Finance has officially granted Huobi a digital asset trading license, which makes Huobi the fifth licensed digital asset exchange in Thailand. The license permits Huobi to start local fiat and token trading services. “Huobi Thailand is built on Huobi Cloud, which provides a one-stop solution for global digital asset exchanges. Huobi Thailand will provide Thai users with …

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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 …

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E-scooters: Are they really a big risk for residential fires?

by ValueChampion There have been about a dozen residential fires due to PMDs already thus far in 2019. But do they really pose such a big risk to our safety, especially compared to other causes of fire accidents? We’ve crunched the numbers to find out. News of residential fires caused by personal mobility devices (PMDs) has been making rounds lately, with …

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UnionBank is the first bank to use blockchain-based remittance from Singapore to Philippines

Union Bank of the Philippines (UnionBank) recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines.   This was done in partnership with OCBC Bank in Singapore, using the Adhara liquidity management and international payments platform.   Amid a continued push for financial inclusion for all Filipinos as aligned with the Philippine government’s mandate, …

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OCBC survey: Half of sandwiched gen find it tough supporting parents and children the same time

According to a recent OCBC’s Financial Wellness Index survey, the majority of working adults in Singapore are financially unprepared for retirement (‘Most working adults not financially ready for retirement‘, 16 Jul). The survey polled 2,000 working adults in Singapore between the ages of 21 to 65, asking about the state of their financial health. In particular, half of those among …

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Cheapest getaways for Singapore National Day weekend

by ValueChampion What are the cheapest destinations to fly to if you want to get away for Singapore National Day & Hari Raya Haji long weekend? We explore below. With National Day and Hari Raya Haji landing on Friday, August 9th and Sunday, August 11th respectively, Singaporeans will get the chance for a 4-day-long holiday. So while some people may want …

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Five affordable ways to reduce your risk of cardiovascular disease

by ValueChampion Cardiovascular disease symptoms may not always be obvious, but they can become an expensive chronic medical issue. Find out what you should do to reduce your risk of developing cardiovascular disease. Cardiovascular disease (CVD) is one of the most common maladies affecting Singaporeans. It’s also one of the most deadly, with a third of all deaths being attributed to …

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