Singapore

Singapore close to completing e-payment infra with SGQR

Singapore is putting together the final few pieces of its e-payment infrastructure jigsaw puzzle with the introduction of the Singapore Quick Response (SGQR) code. As SGQR is rolled out over the next six months, store merchants will only need to display one single QR code that will work with all the payment vendors they have signed up with. Gone will be the days when they need to display a different code for each vendor.Cashless transactions are gaining pace in the region.

18 September 2018
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Singapore reins in personal mobility devices

Personal mobility devices (PMDs) no longer apply to battery-operated vehicles used by old folks or people with mobility issues to move around. Today, they are more like a cross between skateboards and electric bicycles. They have also become smaller, lighter and more portable than Segway devices used by security personnel in some large shopping malls.As the popularity of PMDs increase, safety issues have appeared and has prompted calls for regulatory controls.

16 September 2018
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Cyberattack on Malaysia: Imminent or imagined?

Cybersecurity firm FireEye made Malaysian businesses anxious when it warned they could be the next targets of state-sponsored hackers. The new Malaysian government’s unfavourable stance towards China’s Belt and Road Initiative (BRI) projects may attract the attention of cyber espionage hackers.FireEye said in a statement that its analysts observed a pattern of targeting by China-based groups and others against organisations with links to the BRI.

25 August 2018
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Singapore bids for UNESCO culture listing

Not content with listing its Botanic Gardens as a United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Site in 2015, the Singapore government is pushing for its ubiquitous hawker centres to be listed on UNESCO’s Representative List of the Intangible Cultural Heritage (ICH) of Humanity.Its Prime Minister, Lee Hsien Loong announced at the National Day Rally that a committee will be formed in September to prepare and submit the hawker culture nomination to UNE

21 August 2018
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Onward Singapore!

If the anthem Majulah Singapura (Onward, Singapore) was intended by the nation’s founding fathers as a positive affirmation, it must be working. Singapore celebrates its 53rd birthday today as a vibrant and flourishing city-state.In his National Day address, Singapore Prime Minister Lee Hsien Loong said Singaporeans enjoy a good quality of life, better than many others in the world.

9 August 2018
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Singapore data breach could affect banks

Singapore’s banks should watch the fallout from the island’s healthcare-data breach. This could get ugly for them.The National Electronic Health Record project is taking a pause after hackers stole data on 1.5 million patients including Prime Minister Lee Hsien Loong, who was “specifically and repeatedly” targeted.

29 July 2018
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State-actors likely behind Singapore cyberattack

State-actors were likely behind Singapore's biggest ever cyberattack to date, security experts say, citing the scale and sophistication of the hack.The city-state announced Friday that hackers had broken into a government database and stolen the health records of 1.5 million Singaporeans, including Prime Minister Lee Hsien Loong who was specifically targeted in the "unprecedented" attack.Singapore's health minister said the strike was "a deliberate, targeted, and well

22 July 2018
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Water war of words

Whenever Malaysia wishes to get under Singapore’s skin, it seems, all it has to do is talk about their bilateral water agreement. A brief remark by Malaysia’s Prime Minister Mahathir Mohamad in an interview on Bloomberg Television on 22 June drew a swift and curt response the following Monday from Singapore’s Ministry of Foreign Affairs (MFA).Mahathir had said that water was among the issues with Singapore that need to be settled.

18 July 2018
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Southeast Asia's growth could be trade war's next casualty

For Southeast Asia’s biggest economies, 2018 wasn’t supposed to be like this.If a widening trade war wasn’t enough to contend with, a global wave of policy tightening, strong oil prices and domestic politics are also weighing on growth prospects for the region.

16 July 2018
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Singapore sticks a pin before property bubble forms

Property investors anticipated a boom in Singapore as prices increased sharply by 9.1 percent over the past year. However, the Monetary Authority of Singapore (MAS) introduced strong measures to dampen what it describes as “euphoria” in the market. By December, MAS issued warnings of “excessive exuberance” in the property market and voiced concern that the market may be oversupplied.

10 July 2018
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Singapore will seek compensation if Malaysia cancels rail plan

Singapore will seek compensation for all costs incurred if Malaysia cancels a planned multibillion-dollar high-speed railway link between the two countries.Transport Minister Khaw Boon Wan told parliament on Monday that compensation would be sought under the terms of the 2016 high-speed rail bilateral agreement between Singapore and Malaysia.“We will deal with the question of compensation from Malaysia for costs incurred by Singapore in accordance with the bilateral agreement and internationa

10 July 2018
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Singapore tightens property curbs

Singapore property and bank stocks led declines on the benchmark stock index Friday after the government unexpectedly tightened property curbs to cool a market the central bank described as euphoric. City Developments Ltd. and UOL Group Ltd. fell more than 14 percent each.The index tracking property stocks dropped 1.4 percent on Friday in Singapore, set for the lowest close in more than 15 months.

6 July 2018
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