Singapore government to call for $2b in tech bids in 2016

SingaporeTech in Asia — The Singapore government will be calling for a projected US$2 billion in information and communications technology bids in 2016, it announced in a press release. The majority these contracts will go towards IT infrastructure, IT security, and building systems for government agencies.

Majority in Singapore will use smartphones to pay for goods

SingaporeZDNet — Eight in 10 Singaporeans say they will use their smartphones instead of cash or physical payment cards to pay for goods and services in physical retail stores. The survey finding from Visa signalled positive consumer sentiments towards mobile payments, as adoption of contactless payment continued to grow, said Ooi Huey Tyng, Visa’s country manager for Singapore and Brunei.

NetSuite Announces NetSuite CXO Cloud Symposium In Singapore

SingaporePRNewswire — SINGAPORE: CXO CLOUD SYMPOSIUM — NetSuite Inc. (NYSE: N), the industry’s leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced its CXO Cloud Symposium, the premier business cloud event in Singapore, which will be held  at Singapore Marriott Tang Plaza Hotel on Monday, 30 May 2016 from 8:00 a.m. to 1:30 p.m.

Google, Temasek See S.E. Asia Web Economy Reaching $200 Billion

SingaporeBloomberg — Southeast Asia’s Internet economy, spanning online shopping to games and advertising, will surge sixfold to about $200 billion in the next decade, according to joint research by Google Inc. and Temasek Holdings Pte.

ST Telemedia to Buy Majority Stake in Tata Communications’ India, Singapore Data-Center Business

IndiaWall Street journal — SINGAPORE—Singapore Technologies Telemedia has agreed to buy a majority stake in some of the data-center business owned by India’s Tata Communications Ltd., valuing the entire business at about US$640 million. ST Telemedia, which is a unit of Singapore state-investment firm Temasek Holdings (Private) Ltd., will acquire a 74% stake in data centers in India and Singapore, while Tata Communications will hold the remaining 26% stake, a joint statement from both the companies said Thursday.

StarHub’s CFO unfazed by a fourth telco’s entry

SingaporeStraits Times — Ten months after his appointment as StarHub’s chief financial officer, Dennis Chia finds he has grown into the role. “Over the past 10 months, I’ve seen changes in the way I react to things – taking a few steps back to assess a situation and adjusting my approach to achieve the same results. I would definitely say I’ve gotten a little more patient too,” he said reflectively.

ST Telemedia expands data center business in India and Singapore

IndiaDatacenter News — Singapore Technologies (ST) Telemedia and Tata Communications have entered into a strategic partnership to expand their joint data center business in India and Singapore. ST Telemedia has officially acquired a 74% majority stake in Tata Communications’ while the company continues to hold the remaining 26% stake.

Hybrid IT: The journey to the cloud, from SG

SingaporeNetworks Asia — As the IT market evolves from traditional on-premises IT to a hybrid strategy driven by the cloud, many businesses, both locally and globally, are making tremendous changes to their technology infrastructure. With cloud computing becoming the infrastructure upon which Singapore builds its Smart Nation, it is simply a matter of “when” local organizations will move to the cloud.

MyRepublic tops first Netflix APAC ISP speed index

SingaporeTelecom Asia — Singapore’s MyRepublic has been found to provide the fastest average streaming speeds among ISPs in 12 APAC countries in Netflix’s first ISP speed index for the region. MyRepublic provided average streaming speeds of 3.78Mbps under Netflix’s calculations, narrowly beating out StarHub Fiber at 3.71Mbps.

Singapore enters top-ten list in FDI Confidence Index

SingaporeEnterprise Innovation — Singapore jumped five places in the 2016 A.T. Kearney Foreign Direct Investment (FDI) Confidence Index to make it to the 10th spot in the list. The Index is an analysis of how political, economic, and regulatory changes will likely affect FDI inflows into countries in the coming years.

Singtel’s Dash app now lets you pay on public transportation and send money abroad

SingaporeTech in Asia — Singaporean telco Singtel announced today the overhaul of its Dash mobile payments app to enable cashless payments everywhere from retail outlets to the MRT subway system using just your smartphone – even if you’re not a Singtel mobile subscriber.

Alibaba’s Hong Kong fund throws cash at ‘Uber for vans’ startup GoGoVan

Hong KongTech in Asia — On-demand logistics startup GogoVan raised a series C funding round, it announced today. The funding amount is undisclosed, but is described as “a decent amount for future business expansion.” The round was led by private equity firm New Horizon Capital and was joined by Singapore Press Holdings, Hotung Investment Holdings, and existing investors. Alibaba’s new US$130 million Hong Kong Entrepreneurs Fund also participated.

Singtel adds new features to m-payment offering

SingaporeEnterprise Innovation — Singtel has enhanced its mobile wallet app, Singtel Dash, with new features in its bid to claim a larger slice of the mobile payments pie. Singtel Dash was first launched in 2014 as a collaboration between Singtel and Standard Chartered Bank in Singapore. The carrier-agnostic service is open to all users in Singapore with an iOS or Android mobile device.

Singtel full-year profit grows 2% despite forex hit

SingaporeTelecom Asia — Singtel has reported a 2% increase in net profit for the financial year ending in March to S$3.87 billion ($2.81 billion), despite negative foreign exchange movements. But operating revenue declined 1.5% to S$16.96 billion, the operator revealed. Excluding the impact of forex fluctuations, net profit would have grown 6% and operating revenue would have risen 4%.

SingPost crosses S$1b in annual revenue with help from ecommerce and logistics

SingaporeTech in Asia — SingPost, Singapore’s national mail carrier which is rapidly diversifying its business, has posted record highs in annual revenue and net profit, driven by its ecommerce and logistics activities. Its 2015 revenue hit US$840 million, up 25 percent year-on-year. Net profit jumped 58 percent to US$181 million. Growth in its ecommerce and logistics revenue outpaced overall growth, soaring 60 percent and 35 percent to US$300 million and US$457 million, respectively.

Singapore ready for digital transformation, says US software giant

SingaporeStraits Times — SINGAPORE – Singapore is well placed to transform itself into a digital economy because of government support for innovation, good business environment and a globally connected technology infrastructure. Mr Mike Gregoire, chief executive of software firm CA Technologies, said these factors prepare Singapore companies to use digital technologies to create new revenue streams, capture market share and develop a loyal user base.

PayPal brings its fintech incubation program to Singapore

SingaporeTech in Asia  — PayPal is getting in the startup incubation game in Singapore, rather unsurprisingly in the fintech space. The nine-month-long incubation program is called Start Tank and will be housed in PayPal’s Technology Center at Singapore’s Suntec City office tower complex. The company today put out a call for interested startups to apply.

Singtel announces SG$3.87b net profit for FY16

SingaporeZDNet — Singtel has reported its financial results for FY16, announcing a net profit of SG$3.87 billion, up 2.4 percent year on year from the SG$3.78 billion recorded at the end of March 2015. The Singaporean telecommunications provider’s earnings before interest, tax, depreciation, and amortisation (EBITDA) were SG$5.01 billion for the year, down 1.5 percent from SG$5.09 billion, on operating revenue of SG$16.96 billion, down 1.5 percent from SG$17.22 billion.

Hong Kong, Singapore lead US in Netflix Speed Index

Hong KongAdvanced Television — Netflix has released April data for its ISP Speed Index, a monthly update on which Internet Service Providers (ISPs) provide the best prime-time Netflix streaming experience. This month, Netflix included nine countries in Asia to the index as the company start adding countries where we launched service earlier this year.

Singapore’s cloud security framework – multi-tiers and incident response guidelines

SingaporeEnterprise Innovation — Cloud technology has seen continued strong growth in Singapore, with cloud adoption rates growing to about 29 percent in 2015. The use of cloud technology provides many benefits to enterprises, but security remains a major concern.

Telstra expands Asian backbone

AustraliaIT News — Telstra has expanded its Asian network backbone through capacity purchases on existing submarine cables and a new fully-owned overland circuit. A Telstra spokesman said the company was not part of the consortium that built the Bay of Bengal Gateway cable, but has secured capacity on the system that connects Singapore, Malaysia, India and Sri Lanka with Oman and the United Arab Emirates.

Wow. MyRepublic just gave to a crowdfunding campaign for a Singapore-made game

SingaporeTech in Asia — These things just don’t happen, but it did. MyRepublic, an internet provider that’s in the running to be Singapore’s fourth telco, just backed a Singapore-made game on Kickstarter. It’s a small amount – US$3,600 to be exact – but it’s the symbolism that matters. The game is Masquerada: Songs and Shadows, made by Singaporean studio Witching Hour.

Does Singapore have too many telcos?

SingaporeDigital News Asia — CONSUMERS in Singapore must be feeling spoilt for choice with the entry of mobile virtual network operator (MVNO) Circles.Life. But history is not on its side. The country’s first large scale MVNO, Virgin Mobile, did not survive beyond its first year and shut down in 2002. Circles.Life however believes that the market today is different and it is now more feasible for an MVNO to come in.

Singapore, China, India among the top 10 markets for foreign investment in 2016

APACTech in Asia  — Singapore has entered the top ten of the AT Kearney Foreign Direct Investment (FDI) Confidence Index in 2016, jumping up five places since last year to reach tenth, and narrowly failing to reclaim the number 9 spot it held in 2014. The FDI Index is a barometer of how a country’s political and financial developments will impact foreign direct investment going into it – that is, how likely companies from one country are to invest in companies based in another.

StarHub net profit up by SG$19.1m

SingaporeZDNet — Singaporean telecommunications provider StarHub has announced its financial results for the quarter ending March 31, 2016, reporting net profit of SG$92.8 million, up 25.9 percent from the SG$73.7 million reported for the same period in 2015. Earnings before interest, tax, depreciation, and amortisation (EBITDA) was SG$183.4 million, up 13.2 percent from last year’s SG$162.1 million, while revenue sat at SG$590.9 million, down 4.4 percent year on year from the SG$617.9 million announced in the same quarter for FY15.

Why are you still paying for antivirus?

SingaporeNetworks Asia — Singapore, Japan and Malaysia have singled out cyber-attack as the risk of highest concern according to the World Economic Forum’s 2016 Global Risk report. Singapore’s Minister for Communications and Information Yaacob Ibrahim also recently announced a new, standalone Cybersecurity Act to be tabled in next year’s Parliament. Once instituted, this Act will provide for stronger and more proactive powers in response to cyber-attacks growing in boldness, speed and sophistication.

Shared knowledge can mitigate Singapore cyberthreats

SingaporeMIS Asia  — Leaders must go beyond managing cybersecurity resources, and actively sharing knowledge, expertise, and best practices to collectively build their defences. A new whitepaper by LogRhythm indicates Singapore to be a prime target for cybercrime due to its strategic position as a regional trade and banking hub.

Visa opens innovation center in Singapore

SingaporeEnterprise Innovation — Visa unveiled a 7,000 square foot innovation facility in Singapore as a destination for clients, partners and developers across the region to work alongside Visa experts and jointly create the next generation of commerce applications.

S’pore’s cloud readiness down 2 notches

SingaporeStraits Times — Singapore has fallen from 5th to 7th in the latest worldwide ranking of “cloud readiness” – a measure of a country’s support for the growing trend of cloud computing. Even though the Republic had a higher raw score of 79.5, one point up from the previous report released in 2013, its improvement was outpaced by that of others.

Singtel wants to train Singaporean companies in cyber security

SingaporeTech in Asia — Singaporean telco Singtel wants to build a wall. Unlike Donald Trump’s lofty architectural plans, however, Singtel’s wall aims to keep out cyber criminals. The company today announced the launch of the Singtel Cyber Security Institute (whose acronym is, rather awesomely, CSI), which will be permanently housed in a 10,000-square-foot (929-square-meter) space in the Lion City.