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Tech roadmap

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Government leads digital disruption in Singapore

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Private sectors across the globe are driving digital innovation, but in Singapore, it's the government that is leading the way. If the world's governments went digital using today's technology, the value of that digitisation would be worth more than US$1 trillion annually, according to McKinsey & Company.

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Why innovate out of SG feat Micron, BD & MSD

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Building a culture of innovation: How companies in Asia are fostering employee-led innovation

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Employees today are fostering cutting-edge innovation in Asia by building a thriving culture of innovation within their companies. Find out how MSD, Micron and BD are focusing on internal collaboration to drive true innovation, business growth and a relevant competitive advantage.

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Singapore is considered the best shipping centre for four years in a row already, a study by the Baltic Exchange and Xinhua revealed.

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It performed the best in terms of its shipping business services.

Singapore is considered the best shipping centre for four years in a row already, a study by the Baltic Exchange and Xinhua revealed. It was followed by cities such as Hong Kong, London, Shanghai, Dubai, and Rotterdam.

The study identified three tiers for centres: namely the traditionally-renowned tier, the innovation-leader tier, and potential-for-development tier. The traditionally-renowned tier of shipping centres is represented by cities such as Singapore (97 points), Hong Kong (87 points), and London.

"These shipping centres capitalise on their locations in developed shipping markets to provide comprehensive shipping services with abundant logistics and transportation support," the study said. "Playing the role of international shipping hubs servicing a myriad of maritime trade routes and air flights, their development is buoyed by financial momentum from international economies and trades."

Singapore remained the second best centre for shipping services after London for four years. In this category, centres are evaluated through ship broking service, ship engineering service, shipping business service, maritime legal service, shipping finance service, and ship repair service.

It is closing the gap with London in terms of shipping brokerage services thanks to the eastward shifting of the world's shipping centres, second-tier shipping services in the Asian region. It currently has the second highest number of shipbroker companies at 40-45, compared to 90 in London.

Singapore also has the second highest number of maritime arbitrators at 50-60, significantly lower compared to London (400). Maritime legal service tackles legal issues related to ship or property losses or share of losses due to some specific relationship between parties where such losses occur at sea or along navigational waterways.

Meanwhile, Singapore ranked fourth in terms of maritime-related law firms. It was overtaken by Shanghai due to a significant jump in the number of firms.

Singapore is in the top five ports with the most number of shipping companies (10) thanks to continued improvement in ship engineering services and management systems. It was overtaken by Athens (12 companies), Shanghai (11), and Dubai (11).

The city topped the rankings for shipping business services as it handles at least 40 branch offices of container shipping companies and at least 20 branches of bulk carrier firms. The main indicators include the number of ship management companies operating in the port and the number of branch offices of the top 100 container shipping companies or bulk carrier companies.

The study also analysed cities' shipping performance along the Maritime Silk Road. Customs procedures in Singapore, as well as Hong Kong and the United Arab Emirates, have been relatively efficient, and they have maintained at a relatively high level of above 5.5.

The Maritime and Port Authority Of Singapore's (MPA) port data analysis system has also been cited for exhibiting characteristics of an intelligent port. The system consists of seven modules including automatic monitoring of vessel movements within the port, refueling analysis, vessel arrival forecasting, berth utilisation monitoring and forecasting, pilot boarding and monitoring, and prohibited area monitoring.

Three modules have been completed in September 2017, and the remaining four modules will be completed in January 2018.

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Singapore tops world's shipping centre rankings in 2018

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It performed the best in terms of its shipping business services. Singapore is considered the best shipping centre for four years in a row already, a study by the Baltic Exchange and Xinhua revealed. It was followed by cities such as Hong Kong, London, Shanghai, Dubai, and Rotterdam.

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This article was adapted from “Singapore: E-Commerce. Gateway to ASEAN and Southwest Pacific”, a supplement published by Supply Chain Asia.

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The urban environment is a specific challenge for logistics companies and particularly so in ASEAN. Find out why the last mile of the logistics chain, which accounts for a large proportion of shipment costs and complexity of operations, is often the most inefficient.

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SG - safest destination in the world

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SINGAPORE: Singapore has emerged as the safest destination in the world for the third consecutive year, according to Gallup's latest law and order report.

Gallup's Law and Order Index, which polls residents from 142 countries, is a composite score out of a possible 100 points.

Respondents are polled on their confidence in local police, feelings of personal safety and the incidence of theft, assault or mugging in the past year.

For both 2018 and 2017, Singapore topped the chart with 97 out of 100 points. The city state also scored a respectable 93 for the index published in 2016.

Coming in joint second place for the latest ranking were Norway, Iceland and Finland with 93 points. The only other two Asian entrants to make the Top 10, Hong Kong and Indonesia, registered a score of 91 and 89 points respectively.

At the other end of the index, Venezuela earned the title of "least secure" with 44 points while Afghanistan's score of 45 hit a record low, said Gallup.

Only 17 per cent of Venezuelans in 2017 said they felt safe walking alone in their area at night, putting them on equal footing with Afghans (20 per cent).

The index also showed that more Venezuelans (42 per cent) reported having property or money stolen in the past year, topping the previous high of 38 per cent set in 2016.

Globally, 69 per cent of people said they have confidence in their local police while 68 per cent said they feel safe walking alone at night where they live.

"In most economically developed countries with strong rule of law, high majorities of residents say they feel safe walking alone in their areas at night," said Gallup.
Law and Order Index Worldwide:
"This response is nearly universal in Singapore at 94 per cent and tops 80 per cent in many Western European countries."

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Singapore ranked safest destination in the world for 3rd consecutive year: Gallup

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(Updated: ) Share on Facebook Share on Twitter Share via E-Mail SINGAPORE: Singapore has emerged as the safest destination in the world for the third consecutive year, according to Gallup's latest law and order report. Gallup's Law and Order Index, which polls residents from 142 countries, is a composite score out of a possible 100 points.

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Why innovate out of SG

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Multinationals rush to create innovation outposts in Singapore

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Singapore's strong focus on digital adoption, availability of a digital-first talent pool, as well as its seamless connectivity to the rest of the region, are some of the factors leading to the increasing number of innovation outposts set up in the country.

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Singapore’s most prominent rise in rankings were for economics and governance of which it ranked second overall. AT Kearney attributed this to the city’s strength as a “stable and progressive economy” to drive further foreign direct investments and private investments.

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Singapore has soared to rank fifth in the world in a global cities outlook report and once again remains among the "global elite" for its achievements in performance and outlook.

According to AT Kearney Global Cities Outlook 2018, which evaluates cities around the world on the basis of economic performance, liveability and quality of life, Singapore attained the position after jumping six places from its previous ranking in 2017.

San Francisco claimed the top spot followed by New York, London and Paris.

The Global Cities Outlook - put together by US management consulting firm AT Kearney - evaluates the future potential of a city based on the rate of change for 13 leading metrics across four parameters: personal well-being, economics, innovation and governance.

Singapore's most prominent rise in rankings were for economics and governance of which it ranked second overall. AT Kearney attributed this to the city's strength as a "stable and progressive economy" to drive further foreign direct investments and private investments.

For the second consecutive year, Singapore has continued to lead the pack for online presence, implying some level of success in the government's "Smart Nation" drive.

Public-private sector partnerships, business initiatives, research and development as well as heavy investment into information and security were credited as contributing factors.

Chua Soon Ghee, head of Southeast Asia at AT Kearney, said: "The Singapore government has been actively investing to transform the island-state into a 'Smart City' equipped with cutting-edge technology and a nationwide digital platform. Various investments from the private sector have also strengthened Singapore's journey towards a Smart Nation."

"In today's digital age, this is a significant factor continuing to boost Singapore's appeal for businesses who choose the city-state as their regional headquarters. What's more, the high level of preparedness for both physical and cyber security provide good levels of assurance for businesses."

The island nation is also the only Asia-Pacific city to feature in the top 10 of the Global Cities Index and Global Cities Outlook lists, granting it the coveted status of "Global Elite".

Only the top 25 cities featured in both lists are awarded such prestige.

The Global Cities Index looks into the current performance of 135 cities based on 27 metrics which span five criteria, namely business activity, human capital, information exchange, cultural experience and political engagement.

Singapore secured seventh place in the index ranking after dropping from its sixth position in the previous year.

New York, London, Paris, Tokyo and Hong Kong remain in the top five positions on this year's global cities index, with sixth place being taken by Los Angeles.

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Singapore claims 5th place in global cities outlook list while retaining rank among 'global elite': Index

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Singapore has soared to rank fifth in the world in a global cities outlook report and once again remains among the "global elite" for its achievements in performance and outlook. According to AT Kearney Global Cities Outlook 2018, which evaluates cities around the world on the basis of economic performance, liveability and quality of life, Singapore attained the position after jumping six places from its previous ranking in 2017.

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Furthermore, in recent years, Singapore has ambitiously prepared itself for a digital-first world by installing smart infrastructure islandwide and rolling out a slew of business incentives.

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Passion Made Possible (Paid Post by SG From NYTimes.com)

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For these four entrepreneurs, Singapore is where passions become reality

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In the case of Singapore, strong government efficiency remained its biggest asset.

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SINGAPORE: Singapore has held on to its spot as the world's third-most competitive economy in an annual ranking released on Thursday (May 24) by Switzerland-based research group IMD World Competitiveness Centre.

The United States took the top spot, propelled by high rankings in the economic performance and infrastructure categories. It leapfrogged from last year's fourth position to displace Hong Kong - last year's leader - which slipped to the second spot.

Rounding up the top five were the Netherlands and Switzerland. The former moved up one spot due to a "balanced" performance in all categories, while the latter fell three positions to be ranked fifth with an export slowdown among contributing factors.

Professor Arturo Bris, director of the IMD World Competitiveness Centre, described the high-ranking economies as having "an above-the-average performance across all competitiveness factors" though their competitiveness mix varies.

"One economy, for example, may build its competitiveness strategy around a particular aspect such as its tangible and intangible infrastructure. Another may approach competitiveness through their governmental efficiency," he added.

In the case of Singapore, strong government efficiency remained its biggest asset.

However, the city-state continues to be challenged by high levels of private debt in the economy and high prices. Contributed mainly by the real estate sector, the latter hampers quality of life and talent attraction.

"When we talk about competitiveness, we are also talking about the quality of life. With real estate prices being a very important component, Singapore remains an expensive country," said Professor Bris.

The report also cited other challenges, which included strengthening the capability of enterprises to innovate, raise productivity and internationalise, as well as equipping its workforce with relevant skills to ride on new opportunities.

Across Asia, the economies saw a mixed bag of results in this year's ranking of 63 countries benchmarked against 258 indicators.

While China (13th), Japan (25th), South Korea (27th), Malaysia (22nd) and India (44th) saw improvements, Taiwan (17th), Thailand (30th) and Indonesia (43rd) slipped down the charts.

The Philippines posted the biggest decline compared to its regional peers, moving down nine places to be in the 50th position. This is due to a decline in tourism and employment, worsening of public finances and a surge in concerns about the education system.

Despite that, Professor Bris said: "This does not mean that Asia is less competitive, (it's) just that some countries have moved faster."

For instance, a majority of Eastern European economies, such as Poland (34th), Slovenia (37th) and Hungary (47th) have advanced by least four positions in this year's rankings.

In the Middle East, almost all the countries showed progress despite an increase in political tensions. The United Arab Emirates, for one, moved up three spots to be the world's seventh most competitive economy.

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Singapore maintains 3rd position in world ranking for competitiveness

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(Updated: ) Share on Facebook Share on Twitter Share via E-Mail SINGAPORE: Singapore has held on to its spot as the world's third-most competitive economy in an annual ranking released on Thursday (May 24) by Switzerland-based research group IMD World Competitiveness Centre.

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Singapore's ideal location, competitive workforce and pro-business environment have enabled the country to be the world's gateway to ASEAN and the rest of Asia.

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ASEAN looks ahead to the next 50 years in partnership with global companies

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