TL;DR

Who: Gahmen and Symantec

Weekly Business Brief | 2019 Week 10

Wrapping up the week's business news and announcements.

SBO Singapore Weekly Business Brief
Published:   |   Updated:   |   Posted in

Singapore injects $300 million to catalyse digital innovation

Singapore will roll out artificial-intelligence and cloud-based solutions to every business sector by 2020…

The amount, almost double the current budget, is part of the next phase of the National Research Foundation’s five-year plan ending 2020, Minister for Communications and Information S. Iswaran said during a parliamentary session Monday. It will be used for research in the services and digital economy.

Singapore will roll out artificial-intelligence and cloud-based solutions to every business sector by 2020, Iswaran said. The nation introduced a nationwide electronic invoicing network for businesses in January, and also has an initiative to help businesses securely exchange digital trade documents.

Read more on this report from Bloomberg.

The group has targeted mostly Singapore organisations or multinational companies with a presence in Singapore since at least 2017, and is primarily interested in “stealing large amounts of sensitive information”, the report added.

Symantec identifies Whitefly as the group behind SingHealth hack

The group has targeted mostly Singapore organisations or multinational companies with a presence in Singapore since at least 2017, and is primarily interested in “stealing large amounts of sensitive information”, the report added.

Mr Brian Fletcher, director of Government Affairs for Australia-Pacific, Singapore, Japan and Korea, told Channel NewsAsia in a phone interview ahead of the report’s release that the group probably comprise “five to 20-odd people”, is “extremely well resourced” and, as such, is likely to be a “state-sponsored espionage group”.

He however declined to name the nation state behind Whitefly.

Read more on this report from Channel NewsAsia.

Work-Life Grant to receive $70 million boost

This will allow more companies to benefit from the grant to sustain their employees’ flexible work arrangements adoption, including job-sharing by professionals, managers, executives and technicians (PMETs)…

The budget for the Work-Life Grant, which was started in 2013, will be increased to S$100 million, up from the current S$30 million, announced Ms Low Yen Ling, Senior Parliamentary Secretary for the Ministry of Manpower (MOM, in her Committee of Supply debate speech on Tuesday (Mar 5).

“This will allow more companies to benefit from the grant to sustain their employees’ flexible work arrangements adoption, including job-sharing by professionals, managers, executives and technicians (PMETs),” she said.

“Among workplace practices, the provision of flexible work arrangements has the greatest impact on staff retention which benefit companies with experienced and engaged workers,” Ms Low said.

Read more on this report from Channel NewsAsia.


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