Blockchain: The new technology of trust?

By admin | 20th September 2017

Inc. Southeast Asia/20 September 2017 Consumers are becoming more apprehensive and sceptical in conducting online transactions due to various scams entangled with online transactions. Lowering risks of identify thefts From identity thefts, fraudulent transactions, to online marketplaces not providing enough security to both parties, both consumers and sellers are becoming more hesitant to part with their money through online transactions. According to Brigid McDermott, VP of Blockhain for IBM, “Blockchain is a trusted system of records“. Therefore, Blockchain payment startup UTRUST aims to solve such payment and trust issues. Having recently successfully raised more than $1.5 million in 90 minutes...

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Tony Abbott warns against ‘unconscionable’ renewable target

By admin | 20th September 2017

The Guardian/20 September 2017 Tony Abbott is reportedly threatening to cross the floor to vote against a clean energy target, warning Malcolm Turnbull it would be “unconscionable” for the government to do anything to further encourage investment in renewable energy. Abbott told Sky News on Tuesday evening the government had to address market failure by providing base-load power and building coal-fired power stations. “If we can have Snowy 2.0, let’s have Hazelwood 2.0, and get on with it,” he said, drawing a comparison between the prime minister’s support for pumped hydro power and calls within the Coalition for a new...

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Road map for electronics manufacturing aims to create 2,100 new jobs, $22b in value-add by 2020: Iswaran

By admin | 20th September 2017

The Straits Times/20 September 2017 SINGAPORE – Singapore’s electronics manufacturing sector is getting a leg up with the aim of growing it to have a manufacturing value-add of S$22.2 billion and create 2,100 new jobs for professionals, managers, executives and technicians (PMETs) by 2020. Minister for Trade and Industry (Industry) S. Iswaran on Wednesday (Sept 20) said this comes as the Republic works to broaden capabilities in the electronics sector and build “smart factories of the future”. He was unveiling the Industry Transformation Map (ITM) for the electronics sector at the official opening of JTC nanoSpace@Tampines. The facility is purpose-built...

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Two property listings portals battle over alleged copyright infringement

By admin | 20th September 2017

The Straits Times/20 September 2017 SINGAPORE – The biggest property listings portal here has sued its rival over alleged copyright infringement, accusing the latter of reproducing content from its website without permission. Wednesday marked the start of a six-day trial between PropertyGuru and 99.co, which is being watched for its implication on who owns the copyright of information uploaded onto online platforms. At issue is the use of a third-party digital app called Xpressor, which lets property agents post listings across multiple portals – resulting in several listings on 99.co bearing PropertyGuru’s watermark. PropertyGuru, which was co-founded here in 2008...

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Taiwan suspends oil exports to North Korea, imports of clothing

By admin | 20th September 2017

The Straits Times/20 September 2017 TAIPEI (REUTERS) – Taiwan has suspended refined oil and LNG exports to North Korea, as well as clothing and textile imports, to comply with United Nations resolutions, a largely symbolic move by the island to show it is a responsible member of the international community. Self-ruled Taiwan is not a member of the United Nations, due to Beijing’s position that it is simply a Chinese province and so not able to have its own official diplomatic ties with anyone. But proudly democratic Taiwan likes to show that it follows international norms, despite its lack of...

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Chinese Premier Li Keqiang hopes for Singapore support in high-speed railway: Xinhua

By admin | 20th September 2017

The Straits Times/20 September 2017 BEIJING – China hopes that Singapore will support Chinese enterprises that wish to participate in the Singapore-Malaysia high-speed railway project, Premier Li Keqiang said on Tuesday (Sept 19), according to state news agency Xinhua. “China has cutting-edge, safe and reliable, cost-effective high-speed railway technology,” Premier Li said during his talks with Singapore Prime Minister Lee Hsien Loong, Xinhua reported. PM Lee is on an official visit to China from Sept 19 to 21. Singapore and Malaysia are building the 350km high-speed rail linking Singapore and Kuala Lumpur. Targeted to be operational by end-2026, the railway...

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NZ’s fuel crisis hits flights, petrol stations

By admin | 20th September 2017

The Straits Times/20 September 2017 WELLINGTON • New Zealand’s jet fuel shortage forced 39 flights to be cancelled yesterday, 13 of them international, with concerns the crisis might spread after fuel stations in the country’s largest city, Auckland, halted high-octane petrol sales. The fuel shortage, caused by a damaged pipeline to Auckland Airport, has caused widespread disruption to air travel since the weekend and comes only days before Saturday’s national election, with infrastructure shortages a hotly contested issue. New Zealand’s military was trucking fuel supplies around the country in a bid to ease the shortage, and government officials have been...

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China rushing work on Pakistan power plant in Kashmir

By admin | 20th September 2017

The Straits Times/20 September 2017 ISLAMABAD • China is racing to finish one of the biggest hydro-power projects in Pakistan ahead of schedule, yet its location in the long-contested region of Kashmir will draw ire from India. Construction on the 720MW Karot power station, being built on Jhelum River, began in December last year and looks set to finish nine months ahead of its December 2021 completion date, a first for a Pakistan hydro project, said Mr Qin Guobin, chief executive of the state-owned China Three Gorges South Asia Investment. “For us, Pakistan is a strategic market,” he added. “If...

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Singapore, Japan cooperate to tighten cybersecurity

By admin | 20th September 2017

Singapore Business Review/20 September 2017 The two will engage in policy dialogues and joint capacity building. Singapore and Japan signed a Memorandum of Cooperation (MOC) to tighten cybersecurity cooperation between the countries. According to a press release, the MOC covers regular policy dialogues, information exchanges, collaborations to enhance cybersecurity awareness, joint regional capacity building efforts, as well as sharing of best practices between both countries. The MOC was signed by Cyber Security Agency of Singapore (CSA) and National Center of Incident Readiness and Strategy for Cybersecurity (NISC). CSA has previously signed six Memoranda of Understanding (MOA) with Australia, France, India,...

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Sembcorp Marine to build CGL carriers for US-based SeaOne

By admin | 20th September 2017

Singapore Business Review/20 September 2017 It signed a letter of intent for the design and construction of two carriers. Sembcorp Marine and US-based SeaOne Caribbean LLC (SeaOne) signed a letter of intent (LOI) for the design and construction of two large Compressed Gas Liquid (CGL) carriers. According to a press release, the vessels will be used for SeaOne’s Caribbean Fuels Supply Project. Sembcorp Marine will design neo-panamax CGL carriers based on SeaOne’s single gas and liquids cargo delivery requirements, with help from its subsidiary, LMG Marin. The 366m long, 2 billion bcf capacity carriers will be equipped with SeaOne’s technology...

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