Phnompenh Post — Entering Cambodia’s oversubscribed telco sector, new entrant and Chinese-owned Southeast Asia Telecommunications is placing its bets on a 100 per cent 4G network, as it looks to differentiate itself from the Kingdom’s already-established telecom providers. Southeast Asia Telecommunications, or Seatel, officially launched its operations yesterday in Phnom Penh, despite having entered the country last year.
Asia One — SINGAPORE – A new FinTech & Innovation Group (FTIG) will be formed within the Monetary Authority of Singapore (MAS) with effect from Aug 1. MAS announced in a press release on Monday that the FTIG will be responsible for regulatory policies and development strategies to facilitate the use of technology and innovation to better manage risks, enhance efficiency, and strengthen competitiveness in the financial sector.
PR Newswire — As incidents of cybercrime continue to make headlines across the globe, financial institutions are giving more attention to cybersecurity, but a new survey by FICO suggests that APAC banks may be lagging. In a survey conducted at FICO’s Asia Pacific CRO Forum, 64 percent of senior bank executives from the region said they feel unprepared for cyber-attacks today, despite cybersecurity being a clear priority for them.
Digital News Asia — M1 Ltd said its net profit after tax for the first half of 2015 increased 3.8% year-on-year to S$90 million (US$65.7 million), on the back of service revenue of S$408.6 million (US$298.3 million). Mobile data rose 9.5 percentage points year-on-year to 43.1% of service revenue, the company said in a statement on the unaudited group financial results for the six months ended June 30, 2015.
PR Newswire — NEW YORK: Telx®, a leading provider of global interconnectivity, data center solutions and cloud enablement services, today announced support for the FASTER transpacific cable system – a submarine network that will seamlessly connect the west coast of the U.S. to major Asian cities including Chikura and Shima in Japan.
Digital News Asia — SINGAPORE-headquartered fintech (financial services technology) startup ApexPeak said it has acquired Netherlands-based supply chain finance and collaboration solutions provider Asyx. Acquisition terms were not disclosed. ApexPeak, founded in 2012, offers working capital solutions to high-growth SMEs (small and medium enterprises) in emerging markets, providing cash flow solutions to businesses that are underserved by banks, it said in a statement.
Enterprise Innovation — Tech-savvy Singaporean consumers are enthusiastic about contacting organizations through a variety of channels as they would their family or friends – through video calls, social media or instant messenger, according to a new study from BT and Avaya. The study covered 5,500 respondents from over 10 countries, mainly consumers who do copious amounts of online research and investigation before making buying decisions, and prefer to interact with organizations on their own terms.
Asia One — SINAHPORE : Acronis, which provides back-up, disaster recovery and other data protection services, will open a research and development (R&D) centre in Singapore. It hopes to make this one of the largest software research facilities in the country within three to five years.
Straits Times — As a small country obsessed about its relevance to the wider world, Singapore sets itself big targets as a way to differentiate itself from rivals and remain competitive. That has, in its short 50-year history, served it well. It is, after all, known as a leading hub in Asia for services such as finance and air transit, and is one of the region’s most economically competitive and liveable cities.
Digital News Asia — MICROSOFT Corp has announced an expansion of the Microsoft BizSpark programme in Singapore, introducing two new features. The first is the launch of the BizSpark Residency Programme that houses startups with promising market potential at the revamped Microsoft Innovation Centre, the company said in a statement.
Nation Multimedia — Chinese e-commerce giant Alibaba Group Holding is investing about S$279 million (Bt7 billion) to expand its holdings in Singapore Post (SingPost) and take a share of its subsidiary, aimed at boosting growth in their e-commerce logistics platform across the Asia Pacific, the two companies announced last week.
Digital News Asia — KUALA Lumpur-based webhosting and e-commerce solutions provider Exabytes Network Sdn Bhd has announced its 100% acquisition of Signetique IT Pte Ltd, its second in the city-state. Financial terms were not disclosed. Signetique is a cloud hosting provider that offers virtual private server, dedicated server, cloud hosting, and managed services.
Digital News Asia — INTEL Singapore said it will collaborate with Nanyang Technological University (NTU) and Nanyang Polytechnic (NYP) to establish Open Innovation Labs at both tertiary institutions. This collaboration aims to enable students to obtain modern skillsets and spur innovation in the Internet of Things (IoT) and wearables space, Intel Singapore said in a statement.
The Independent — Global Switch, one of the leading large-scale, carrier-neutral, multi-tenanted data centre providers across Europe and Asia-Pacific has announced that customers in its Singapore facility are now able to connect to the brand new, state-of-the-art, dark fibre network operated by Superloop (ASX:SLC), Singapore’s newest independent dark fibre wholesale provider. Superloop is already available at Global Switch’s data centre campus in Sydney.
Tech iIn Asia — There is a lot of hype around the Internet of Things (IoT). Analysts from different firms envision different numbers of connected devices by the end of this decade. Even so, all predictions have a thing in common – the figures are staggering. In 5 years from now Cisco estimates 50 billion, while Morgan Stanley foresees this number as high as 75 billion of things connected to the internet. Can this hype be justified? Well, analyst’s job is to make predictions, while real adoption curves depend on us, consumers.
MIS Asia — Chinese ICT firm Huawei, which recently launched its first Asia Pacific Digital Cloud Exchange in Iskandar, Johor, to help drive Malaysia’s regional ambition, has announced that several new projects are already off to a strong start. Huawei Malaysia chief executive officer Abraham Liu said the new initiatives included global mobile game distributor Uzone Games’ launch of its Mini 4WD game in Malaysia as well as Les’ Copaque Production, which owns Upin & Ipin, will provide digital content to the Asia Pacific region from the Huawei Digital Cloud Exchange in Iskandar.
Today Online — SINGAPORE: Industry giant Microsoft Singapore, LinkedIn and gaming studio Ubisoft Singapore are among the 10 best tech companies to work for in the Republic, according to the Singapore Computer Society. These companies have shown “exemplary qualities of robust talent development framework, enviable corporate culture and innovation excellence”, said the society.
Want China Times — Alibaba announced on July 8 an additional investment of 187 million Singaporean dollars (US$138 million) in Singapore Post, raising its stake to 14.51% from the 10.23% it acquired one year ago. It also obtained a 34% stake in Quantium Solutions, a logistics firm under the auspices of Singapore Post, for 92 million Singaporean dollars (US$67.85 million), according to caixin.com.
ZDNet — China’s Alibaba Group is increasing its stake and investments in Singapore Post (SingPost), pumping in US$206.45 million to drive the development of e-commerce infrastructure and services in the region. The Chinese e-commerce giant will invest an estimated S$92 million (US$67.85 million) for a 34 percent stake in SingPost-subsidiary Quantium Solutions International (QSI), which provides e-commerce logistics and fulfilment services including warehousing in the Asia-Pacific region.
ZDNet — Singapore is dangling a mega carrot in the form of discounted spectrum as part of efforts to entice a fourth player to enter the country’s mobile market. The Infocomm Development Authority (IDA) said it would slash the reserve package price of spectrum set aside for a new mobile player to S$40 million (US$29.63 million), in a proposed auction targeted to take place in early 2016.