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Singapore Electronics Industry News

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Keeping abreast of changes in age of robotics, digitalisation

ACCOUNTANTS need to revisit their career goals and review how their skill sets can better prepare them for the massive changes brought about by the age of robotics, analytics and digitalisation, say industry professionals.

These rapid technological advances are fast disrupting the accounting profession and threatening to render some traditional accounting and finance roles obsolete.

Observers ...more

Integrated digital economy can benefit Asean

The Asean region has benefited from growing cooperation but building an integrated digital economy could generate even more payoffs, said the Minister for Trade and Industry (Industry) yesterday.

Mr S. Iswaran told a forum at the Ritz Carlton Millenia that greater integration was even more important in a time when "we see increasing scepticism about the value of keeping economies open and ...more

Tech start-up sets sights on surveillance

SINGAPORE is heavily populated with security cameras - reports say the police have installed 65,000 cameras since 2012, and they will add another 11,000 over the next four years. But if this gives the impression that you are constantly being monitored, think again.

The CEO of the technology start-up Vi Dimensions, Raymond Looi says: Surveillance technology today is actually much more primitive ...more

Singtel buys stakes in Thai, India telcos from Temasek for S$2.47b

Singapore

CONFIRMING media reports, Singapore Telecommunications (Singtel) said on Thursday that it has entered into a conditional share purchase agreement with Temasek Holdings to acquire 21 per cent of Intouch Holdings in Thailand and 7.39 per cent of Bharti Telecom Ltd (BTL) in India for a total consideration of S$2.47 billion.

Singtel will buy 673.3 million shares in Intouch at ...more

E-commerce fuels the 4PX Express growth story

Call it the long arm of e-commerce. When Mr Kevin Li visited Singapore last month, he was pleased to find that many young women versed in the art of online shopping recognised the name of his firm.

4PX Express, which Mr Li founded in 2004, has grown into China's biggest cross-border e-commerce platform, helping merchants on online bazaars like AliExpress, TaoBao, eBay and Newegg get their ...more

Beyonics to set up global HQ at $39m centre

Precision engineer Beyonics will take up a newly developed facility in Singapore that will serve as its global headquarters and a place to consolidate its local operations.

The company has signed an agreement with Aims Amp Capital Industrial Real Estate Investment Trust (AA Reit) to develop the $39.4 million centre, it announced yesterday.

When completed in the second half of next ...more

RIM Polymers goes from regional to global domination

Having already gained a firm foothold in the Asia-Pacific, Rim Polymers Industries decided it was time to extend its reach globally. Xin Yun finds out how it came up with a plan for the future and identified markets such as the United States and Mexico for its growth strategy.

Nestled in the Henderson Industrial Park, which houses a number of big and small names alike, are the offices of ...more

Apple pockets S$10m and counting from Apple Pay deal in S'pore

Singapore

APPLE Inc is expected to collect roughly S$10 million from Singapore banks and financial institutions here that now offer Apple Pay to customers, The Business Times has learnt.

This is on top of relatively high transaction fees that the tech giant will earn from leeching off banks' existing payment systems - all of which speak to the looming control that Apple has after ...more

E-commerce portal Carousell bags US$35m Series B funding

Singapore

NEARLY S$50 million have been added to the Singapore startup ecosystem, The Business Times learnt on Monday. Of the amount, US$35 million is a Series B funding round raised by e-commerce startup Carousell, while another S$1.34 million comprises investments into two first-of-their-kind accelerator programmes in insurance tech (insurtech) and tourism.

Carousell, Singapore's ...more

Deloitte acquires digital forensic firm I-Analysis

Singapore

DELOITTE Southeast Asia announced on Monday its acquisition of I-Analysis Pte Ltd, a digital forensic and electronic discovery service provider.

This acquisition is a strategic investment for the company, which will more than double the size of the existing team at I-Analysis and enhance Deloitte's digital forensic capabilities.

Tim Phillipps, Asia Pacific leader ...more

S'pore manufacturing gets boost from 3M's S$135m Tuas expansion

Singapore

HIGH value-added manufacturing will continue to be a beacon of Singapore's economy, as global science company 3M announced S$135 million expansion plans for its Tuas facility on Monday in line with its 50th anniversary celebrations.

The expanded Tuas plant, set to occupy 100,000 square metres, will be completed by the end of 2018.

3M's total investment in Singapore ...more

Curated platforms to take on LinkedIn, Netflix

Singapore

LOVE them or dismiss them - the curators are coming. They are a new wave of startups that are building compact, themed versions of the world's largest social networks and libraries - many of which are overflowing with content today. Such curated platforms seek to help users sift through the clutter to surface the noteworthy.

The Marque, a personal business network that has ...more

Affordable 360-degree cameras making virtual reality a reality

Lifestyle blogger Dennis Seow, 37, was delighted when Facebook recently allowed users to upload 360-degree images and videos.

Mr Seow, who works at travel and lifestyle portal superadrianme.com, has been busy uploading his 360-degree images and videos taken with the Ricoh Theta m15 during his travels in Japan and Egypt last year, and with the Samsung Gear 360 in Bhutan more recently.

"The ...more

Deskera to invest S$50m in Singapore data centre

Singapore

SINGAPORE-BASED Deskera Holdings will invest S$50 million over the next three years to build a cloud data centre in Singapore.

Chief executive Shashank Dixit said the company looked at various factors in choosing the location for the centre, including security, talent availability, power quality, scalability, environmental and natural disaster impact. Not only does Singapore ...more

New flexible memory device developed by NUS

Singapore

EVER face the problem where your phone is too large to fit into the pocket of your newly-purchased skinny jeans? Or when your laptop is too bulky to fit into your new handbag?

A research team led by scientists from the National University of Singapore (NUS) has developed a plastic flexible magnetic memory device, which may allow users to fold such devices, making them more ...more
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