Startups employ more than 300,000 people in Singapore across 42,000 companies in 2013, up from 24,000 companies in 2005. These numbers have probably increased substantially since. As a nation, we have produced 15 of the 35 unicorns in the region, including Razer and Sea. Additionally, around 80 of the world’s top 100 tech companies have a significant presence in Singapore. But what does it take to actually start one of these?Read More >
NEW WORLD, NEW RISK
The year 2020 saw a tremendous shift in the business world and almost every industry across the globe was affected. While businesses often expect to be affected by waves of economic recession, part of the challenge this time is the fact that the pandemic has lasted much longer than what many businesses are normally used to in an economic crisis. Businesses were at the point of decimation, with many ending up shutting their doors due to the coronavirus pandemic.
SINGAPORE’S FINTECH JOURNEY
The Monetary Authority of Singapore (MAS) stated that “FinTech is transforming financial services in a way not seen before. Big Data has the biggest potential in the transformation of financial services.”1 MAS has started to analyse and combine large data sets to gain richer insights into customer behaviour and needs, identify fraud or anomalies in financial transactions, and sharpen surveillance of market trends and emerging risks.
Contrary to what is generally believed, institutional efforts to develop Malay/Muslim entrepreneurship is not a recent phenomenon, buoyed by the current national fervour of promoting and incentivising innovation and value creation, as evidenced by the schemes rolled out by SPRING Singapore, IE Singapore, National Research Foundation and Infocomm Development Authority of Singapore (IDA).Read More >
Leathercrafting is one of the oldest craft in human history, beginning in the prehistoric practice of using animal hides for clothing and shelter, before progressing into haulage items such as rucksacks and waterskins. Today, the techniques for the treatment and preservation of hides have become more sophisticated and the craft itself has served a wide variety of purposes: as sword scabbards, belts, straps and fittings for armour pieces, holsters, to name a few.Read More >