Korea-Singapore digital partnership agreement

Commitment towards integrating both countries’ digital ecosystems The Korea-Singapore Digital Partnership Agreement (KSDPA) will enter into force on 14 January 2023. The KSDPA was signed by Second Minister for Trade and Industry Tan See Leng and the Republic of Korea (ROK) Minister for Trade Dukgeun Ahn in Singapore on 21…

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UK and Singapore deepen collaboration in FinTech

UK and Singapore exchanged views on recent developments The United Kingdom (UK) and Singapore held the 7th UK-Singapore Financial Dialogue in Singapore today. Both countries renewed their commitment to deepening the UK-Singapore Financial Partnership that was agreed in 2021, discussed mutual priorities such as sustainable finance, FinTech and innovation, and…

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Third Singapore-China smart city committee meeting

TusStar will increase its regional presence in Southeast Asia The Ministry of Communications and Information (MCI) and Infocomm Media Development Authority (IMDA) announced the inking of eight Memorandum of Understanding (MOU) and unveiled 14 new joint projects under the Singapore-China (Shenzhen) Smart City Initiative (SCI), at the 3rd Joint Implementation Committee…

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Hong Kong speeds up Asia talent race

Hong Kong is lowering property taxes and relaxing visa requirements Hong Kong is expected to roll out more schemes on talent attraction to stay competitive in Asia, industry experts said during a Fintech Week satellite event discussion hosted by Payment Asia. Hong Kong Fintech Week has successfully kicked off on October 31 at the…

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Hong Kong and Singapore lead green fintech development

Financial institutions should utilise their unique positions GoImpact, an ESG and Sustainability education firm, together with The Chinese University of Hong Kong’s Business School (“CUHK Business School”) released the findings from their working paper, Exploring the Green Fintech Ecosystem in Asia: Insights from Five Economies in APEC. This study finds that government support plays a…

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Digital prosperity for Asia launches in Singapore

The new coalition aims to realise the full potential of the region’s digital economy The Digital Prosperity for Asia Coalition (DPA) launched on 22 September 2022. The coalition is the first pan-Asia Pacific (APAC) focused alliance, built by home grown APAC companies for the prosperity of APAC economies. The founding members of…

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Singapore to extend public 5G standalone coverage

IMDA and MPA to develop the world’s first and largest Maritime testbed at sea Singapore will achieve full 5G standalone (SA) coverage over our anchorages, fairways, terminals, and boarding grounds by mid-2025. 5G coverage in our current port waters will enable the establishment of Singapore’s 5G@SEA, the world’s first public…

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Singapore takes the wheel on data-driven technology

One in three companies will digitally transform in the next 12 months. Companies in Singapore are the most likely in the Asia Pacific to use data analytics and visualisation, cybersecurity and robotic process automation (RPA) in the next 12 months, according to a survey by global professional accounting body CPA Australia. Singapore-based businesses are…

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