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Playing the Medici trick to innovate

POLICYMAKERS in Singapore continue to push ahead with the mission of strengthening the country's research and development (R&D) capabilities and encouraging greater innovation. One manifestation is the establishment of innovation funds in local universities to support technology incubators aimed at achieving the successful commercialisation of ideas and innovations. An underutilised opportunity ...

State-of-the-art warehouse system stores 4 times more

AN automated warehousing system that uses robots to store and extract goods was unveiled at the official opening of Texas Instruments' (TI) Product Distribution Centre (PDC) in Singapore last Thursday. Upgraded at the cost of $12.8 million, the 20,000 square metre PDC is currently the largest distribution centre for the semiconductor company globally.The automated warehouse system, or AutoStore ...

Celebrating excellence

BEJEWELLED ladies and black-tied leaders of the corporate world received their Emerging Enterprise awards to the sounds of whistles and applause from the floor. Held at The Grand Ballroom of the Ritz Carlton Hotel, the gala dinner for this year's event was attended by about 400 representatives from the business community, with Teo Ser Luck, Minister of State for Trade and Industry, as guest of ...

EE winners: Oriental Tanks, Biomax, G-Energy

[SINGAPORE] Oriental Tanks, Biomax Technologies and G-Energy Global have taken top honours at the Emerging Enterprise (EE) Awards this year for their sustainable business models and strategies to take on challenges and opportunities in their respective industries. The winners were announced at the gala dinner and awards ceremony held at The Ritz Carlton last Friday evening. The annual awards ...

HP, SAP team up in cloud analytics

HEWLETT-Packard (HP) and SAP, two of the biggest IT vendors, are betting that more of the world's companies will want high-performance analytics if they can consume it over the cloud, and are testing this hypothesis, starting from this part of the world. Last week, the companies jointly announced that HP would start carrying SAP's Hana in-memory database product via an HP managed cloud. The idea, ...

Surprise 2.7% rise in manufacturing

THE manufacturing sector staged a surprisingly strong rally last month, thanks mainly to robust activity in the transport engineering and electronics segments. Output increased a higher- than-expected 2.7 per cent last month over the same period last year, catching out economists, who had widely expected only a 1.8 per cent rise. Last month's rebound was in sharp contrast to the 4.2 per cent ...

Amtek's Q4 net up on disposal gains

Singapore AMTEK, a precision engineering service provider headquartered in Singapore, yesterday posted a 25 per cent rise in fourth-quarter net earnings to US$10.85 million. The rise in net profit attributable to equity-holders for the three months ended June 30 was despite a 7 per cent fall in revenue to US$160.71 million amid overall weaker end-market demand. Contributing to the rise in ...

ADB warns economies against neglecting manufacturing

MANY Asian economies lag in manufacturing capability, the Asian Development Bank (ADB) said yesterday in a report which warns that countries trying to leapfrog from agriculture to service-based economies - bypassing industrialisation - cannot achieve balanced growth. While economies like Japan, South Korea, Singapore, Hong Kong and Taiwan have blazed a trail of manufacturing-based development, ...

$42m ICT grants to boost productivity at SMEs

THE government is setting aside $42 million to foster innovative use of infocomm technology (ICT) among small and medium-sized enterprises (SMEs) as part of its economic agenda to raise productivity.The Infocomm Development Authority of Singapore (IDA) has issued a sectoral productivity call for collaboration (CFC), its third in recent years.It will disburse the funds to support proposals ...

His own boss despite little education

LACK of education made this man work harder and prove his mark. Smartec's director Christopher Tan, who barely passed his Primary School Leaving Examination, went from being a technician to a self-made business owner today. The precision engineering company mainly designs, makes and refurbishes components used in the oil and gas industry. Its biggest customer is Halliburton, one of the world's ...

One-stop shop for telecom solutions

A QUICK Google search on the origins of telecommunications will tell you that in ancient times, people used smoke signals and carrier pigeons to transfer information. After that came the semaphore system, the telegraph, the telephone and, most significantly, the Internet. But does all that matter now? No, says Gary Kwang, managing director of Infracomms Pte Ltd, a supplier of wireless ...

Oracle plans to put cloud on steroids

WITH the global cloud computing market set to explode to US$241 billion by 2020, from US$40.7 billion in 2011, Oracle is positioning itself to take advantage of this growth. In this context, Oracle recently launched its Database 12c offering. Calling it the first database designed for the cloud the company said that it is optimised for cloud computing and Big Data, and it allows enterprises to ...

Aruba hopes to take the pain out of BYOD

BY the end of this year, there will be more Internet-connected mobile devices than people on this world. One of the most visible manifestations of this is the so-called BYOD or bring your own device trend in which employees are increasingly combining work and personal applications on their mobile devices. This has resulted in IT management challenges growing more complex - the fear is that ...

Siemens forging ahead in Asia infrastructure race

[SINGAPORE] Companies often segment their financial statements into geographic regions. Siemens, however, has branched out into cities, not as a means of tracking sales or profit but as a serious business to bring the entire technology group's engineering and systems prowess to bear on the myriad complex problems faced by cities and municipalities. It is an unusual step for an infrastructure ...

Taking Green Koncepts to the world

WANT to know how much energy your company is using and how to drive costs down? Green Koncepts Pte Ltd says its Koncepts Energy Management (KEM), which provides real time energy intelligence, has the answer. According to the firm, KEM, launched last year, is the first cloud energy management platform to hit the market here. Green Koncepts founder and chief executive Kenneth Lee said: We provide ...
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