Singapore Business Review Magazine - Issue 107
Singapore Business Review Magazine - Issue 107
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In this issue
Green tech investments in Singapore are surging as the net zero deadline nears, a trend evidenced in 2023 and expected to continue into 2024. The heightened emphasis on sustainability is reflected in this year's Hottest Startups list, which features four enterprises dedicated to addressing ecological concerns. Learn about these four startups and 16 more groundbreaking companies on page 30 to 36.
Singapore's health data bill mandates regulated information sharing
To ensure data disclosure and sharing, the Ministry of Health can impose up to $1m in fines for non-compliance.
2 mins
Venture capitalists sharpen focus on targeting startups' profit paths
Deal activity in Asia Pacific fell 26.3% YoY in 2023, reflecting VC firms' caution.
2 mins
Strategic locations and value-added services drive growth in self-storage sector
In Singapore, StorHub has introduced online booking for storage spaces of various sizes.
2 mins
Why Tim Hortons vies for top spot in Singapore's 'third place' Western coffee scene
Capturing this market is better than competing directly with kopitiams and grab-and-go concepts.
3 mins
CEO Justin Quek steers OrangeTee to real estate centered around customers
A step toward this commitment is the launch of the consumer-centric event 'Property Festival' in 3Q24.
3 mins
Retailers are urged to view returns management as loyalty drivers
15% of customers abort a transaction if the return policy is subpar.
3 mins
National security is put front and center with new Significant Investments Review bill
Legal experts believe cybersecurity and AI entities are likely to be affected by the measure.
3 mins
Three strategies to mitigate BEPS 2.0's tax impact for MNEs
Should the directive be implemented, selected MNES will be subject to a global minimum tax of 15%.
2 mins
JustCo debuts first pay-per-minute airport hub for business nomads
The co-working space has around 50 hot desks and nap pods, allowing travellers to 'check-in' at work.
2 mins
Fr8Labs secures major backing to digitalise Asia's freight sector
Investors are showing strong support for Fr8Labs, a company set on transforming the freight forwarding sector traditionally bogged down by manual processes.
1 min
Lessons Lazada's layoffs teach about collaborating with unions
There is generally no legal mandate for companies to consult unions about layoffs; however, the situation is different for unionised companies.
2 mins
Singapore's plan to raise retirement and re-employment age sparks debate
In six years’ time, Singapore is set to shelter one in four citizens aged 65 and older, with the majority of them expressing a desire to remain in the workforce.
2 mins
Sustainability and biomedical startups draw investors and founder focus
A nine-month study in 2023 showed green tech investments totalling $268.5m (US$201m).
9 mins
4 bills businesses should know in 2024
One of the measures will screen investments in entities critical to Singapore's national security.
3 mins
Tuas Power diversifies business for Singapore's energy transition
The country's sole operator will rely on biomass and renewable energy imports for decarbonisation.
3 mins
Generative AI, CBDCs to shape Singapore's financial future in 2024
Singapore will be piloting the use of wholesale CBDCs next year.
2 mins
Startups focusing on 'continuity of care' flourish in SG's booming health tech sector
Life sciences expert says fragmented data remains a challenge for many healthcare institutions and an opportunity for tech startups.
2 mins
Singapore faces cost and investment hurdles in hydrogen push
Tech advances will allow SG to produce 50% of its energy from low-carbon hydrogen by 2050.
2 mins
Fintech investors now prioritise profitability over valuation
An expert said fintechs must have more than one revenue stream to attract investors amidst economic slump.
3 mins
IPO scene under Singapore's threat from US, Australia
Homegrown firms such as Simpple and Grab chose to list in the US.
3 mins
10 investment ideas for 2024
Experts say it's time to shift from public to private investments.
8 mins
How OCBC's blockchain expertise is powering Singapore's digital currency ambitions
The bank is one of the institutions chosen to pilot wholesale CBDC use in 2024.
3 mins
How NETS is helping SMEs get the right data to raise their revenue
NETS has a network of about 10 million cards and 130,000 payment touchpoints in Singapore.
3 mins
Trust Bank sets the bar for digital banking in the Asia Pacific region
After just one year in operation, it has enlisted 12% of Singapore's total population as customers.
3 mins
Lylo elevates short term car rental services with care packages, delivery option
The company assures that renting a car in Singapore comes with convenience and peace of mind.
3 mins
Indonesian challenger Fore Coffee brings its sustainability ethos to Singapore
The brand uses recycled materials to furnish each of its 150 coffee shops.
2 mins
ZALORA seizes opportunity in revenge tourists' purchasing power
The e-commerce platform added more travel-related items catering to the rise in travel searches from customers.
2 mins
How brands can avoid inauthentic throwback marketing
Analysts flag common errors in using nostalgia marketing and cite brand campaigns that are winning hearts.
3 mins
Pay transparency trend relies on the labour market's future
If the labour market softens, firms can decide whether or not to openly disclose salaries.
3 mins
DPT service providers face higher costs under MAS' investor protection measures
MAS has required all providers to hold customers' money and assets in a trust.
3 mins
Singapore Business Review Magazine Description:
Publisher: Charlton Media Group
Category: Business
Language: English
Frequency: Quarterly
Singapore Business Review (SBR) Magazine is a quarterly business magazine published by Charlton Media Group. It was launched in 2001 and is the only local business magazine in Singapore guaranteed to reach senior decision makers in the top 1,700 companies with combined sales of S$692 billion and 94% of listed companies.
SBR is known for its in-depth coverage of the Singaporean business landscape, as well as its insights from leading experts in the field. It covers a wide range of topics related to business, including:
* Industry trends and analysis
* Company profiles and interviews with CEOs
* Government policies and regulations
* Technology and innovation
* Finance and markets
* Leadership and management
* Sustainability and social responsibility
SBR is a must-read for anyone who wants to stay informed about the latest trends and developments in the Singaporean business world. It is also a valuable resource for anyone who wants to understand the challenges and opportunities facing businesses in Singapore.
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