Digital News Asia — THE Hub Singapore has officially moved into its new premises at 128 Prinsep Street, saying that it would also be introducing “tailored innovation and impact lab” programmes for corporations looking to innovate through collaborations with startups and entrepreneurs. Companies currently involved in the programme include JP Morgan, DBS Bank and Procter & Gamble, The Hub said in a statement.
Global Risk Insights — As Singapore seeks new sources of growth, the micro-nation is positioning itself to become Asia’s start-up hub. By promoting outside-of-the-box thinking, Singapore could see political spillover as the government loosens control over the commanding heights of the 21st century information economy.
Deal Street Asia — IBM has established three new partnerships with in Singapore with theNUS Enterprise, Singapore Infocomm Technology Federation (SITF)’ s123JumpStart and muru-D. The aim of these partnerships is to promote innovation among startups and aspiring entrepreneurs in Singapore, enabling startups to access leading technologies and mentorships as they build infrastructure and digital solutions aligned with the city-state’s Smart Nation initiative.
Digital News Asia — INGRAM Micro Inc has announced the availability of its Cloud Marketplace in Singapore, the first Asian country and the 14th worldwide to get access to its ecosystem of buyers, sellers and solutions that enables channel partners to offer instant, online access to a wide array of cloud solutions from a single online portal. The Lion City joins the Asia Pacific markets of Australia and New Zealand, which have already been offering the marketplace.
Computer Weekly — Alibaba’s cloud computing arm is opening a data center in Singapore, which is good news for Asean businesses looking for more cloud options. Aliyun is set to open its latest cloud data center in Singapore next month. The Singapore facility will be the seventh globally for the cloud computing arm of Alibaba Group. Aliyun said its headquarters for overseas business will be based in Singapore to drive its overseas expansion plan.
Network Aasia — Singapore remains the gateway to businesses in Southeast Asia due to its sound infrastructure, continuing to attract multinational corporations in the commerce and IT industries. The IT sector is considered one of the most competitive arenas in the Singapore marketplace. Salary ranges in this function are constantly changing, which is why staying ahead of the curve and knowing what is coming next is critical to career success.
Deal Street Asia — Aliyun, Alibaba Group’s cloud computing arm, will be establishing a new cloud data centre based in Singapore, which will serve as headquarters for its international cloud computing business and drive Aliyun’s overseas expansion. Scheduled for an early September 2015 launch, the Singapore facility will be Aliyun’s seventh data centre globally. Leveraging on Alibaba Group’s recent $1 billion investment in cloud computing, the strategy behind the new data centre to target businesses – both international and China-based – riding on the economic growth of the Southeast Asia.
Sentinel Republic — The Singapore facility will become operational in September. He also revealed that Aliyun was building a new portal to serve the different language and payment needs of businesses based in an economically and culturally-diverse region such as South-east Asia. Although the new data center won’t open until next month, Aliyun has started accepting pre-orders for “elastic” cloud services and computer resources such as storage, processing power, and network bandwidth.
Want China Times — China’s e-commerce giant Alibaba Group said on Wednesday that it will open a data center next month in Singapore, the second overseas database to be launched this year by Aliyun, its cloud computing arm. Alibaba said the center will provide a range of cloud computing services to companies operating in Southeast Asia, with an initial focus on Chinese businesses.
Digital News Asia — THE GSM Association (GSMA) has established the ‘Mobile IoT Initiative,’ a new project backed by 26 of the world’s leading mobile operators including Singapore Telecommunications (Singtel), Ooredoo and Telenor, OEMs (original equipment manufacturers), as well as chipset, module and infrastructure companies. The project is designed to address the use of Low Power Wide Area (LPWA) solutions in licensed spectrum, the GSMA said in a statement.
PRNewswire — SINGAPORE: Global Cloud Xchange (GCX), a subsidiary of Reliance Communications (RCOM), today announced the expansion of Singapore-India connectivity to a broader base of global enterprises and carriers. GCX will acquire capacity on the TIC cable between Singapore and Chennai, which will be extended across the seven Indian Capital Cities on GCX domestic network within India.
Channel News Asia — SINGAPORE: Cloud computing is expected to be the infrastructure upon which Singapore builds a Smart Nation. Through various initiatives, the Infocomm Development Authority of Singapore (IDA) has been encouraging firms to adopt cloud computing solutions. Cloud computing is a virtual IT framework, giving users more flexibility than the traditional hardware-based systems. Singapore is one of the biggest adopters of cloud technology in the Asia-Pacific.
Business Wire — SINGAPORE: Aliyun, Alibaba Group’s (NYSE: BABA) cloud computing arm, today announced that it will establish a new cloud data center in Singapore. Its headquarters for overseas business will also be based out of Singapore to drive Aliyun’s overseas expansion plan. Scheduled for an early September launch, the Singapore facility will be the seventh globally.
CNBC — Alibaba’s cloud computing arm has picked Singapore as the site for its new data center, as well as the headquarters of its overseas business, in a move to bolster the Chinese e-commerce giant’s international expansion. Speaking to CNBC ahead of the official launch on Wednesday, Ethan Yu, vice president of Aliyun, Alibaba’s cloud computing business, described the new facility in Singapore as a “strategic” center that could give the cloud division an edge in face of stiff competition from U.S. cloud giants such as Amazon Web Services (AWS) and Microsoft.
Tech In Asia — I saw a similar surge 3-4 years ago over fintech in the United States – a large number of projects, a lot of discussions, and the customers who are ready for innovation. The US fintech market is all about products and technologies, while the Asian market is about execution. The US and Europe created fintech for hispsters and geeks, while there is a huge number of unbanked people in Asia. Local banks – DBS, OCBC, UOB, CIMB, Mandiri – have a very strong position in the region and high quality service.
e27 — Singapore-based Virtual Desktop Infrastructure (VDI) and mobile computing solutions provider CloudDesk, has announced that it has secured SG$589,000 (estimated US$418,000) from theSingapore National Research Foundation (NRF) through itsTechnology Incubation Scheme (TIS), and IncuVest, a Singapore-based investment firm and incubator. Through this scheme, the NRF co-invests up to 85 per cent of the total investment into a Singapore-based startup, while the technology incubator co-invests the remaining 15 per cent, as well as provide mentorship and guidance to the startup.
Telecom Asia — SingTel grew its net profit for its fiscal first quarter by 13% year-on-year to S$942 million ($672.3 million) despite unfavorable currency fluctuations and intense competition. Revenue grew a mere 2% to S$4.21 billion, but would have grown 5% if exchange rates had remained stable. Net profit likewise would have grown 16% at constant exchange rates.
Digital News Asia — SINGAPORE, known as an Asian launchpad for multinational companies in the 1990s, is quickly becoming one for startups in the 2010s – at least, according to the Singapore Startup Ecosystem and Entrepreneurial Toolbox prepared by one Arnaud Bonzom. Bonzom is director of special projects at Silicon Valley-based accelerator 500 Startups and a former INSEAD entrepreneur-in-residence, as well as an angel investor in a number of startups including Helint, Krak and Garuda Robotics.
Nikkei — SINGAPORE: Singapore Telecommunications, known as Singtel, on Thursday said its net profit for the April-June quarter rose 12.8% on the year, to 942 million Singapore dollars ($674 million). The group’s mobile businesses in Australia and Asia performed well enough to offset the negative impact of a weaker Australian dollar.
Datacenter Knowledge — Equinix has commenced build-out of the second phase of its largest data center in Asia-Pacific, located in Singapore. The company announced the launch of the first phase of SG3 only in March, and the latest announcement illustrates how high the demand for data center space in the tiny island nation is growing.