| | | | Update on COVID-19: The health and safety of all individuals in Singapore are of utmost importance to EDB. As the situation evolves, we advise the business community to take appropriate measures to safeguard the well-being of employees and visitors. For regular updates on the current situation including travel restrictions, changes to issuance of new visas, and other information relevant to businesses in this period, please refer to EDB’s latest advisory here. |
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| | | | European Chamber of Commerce: Digital Transformation in Singapore 2019 - 2020 | | With Southeast Asia’s internet economy expected to be worth $300 billion by 2025, digital transformation is being driven by the demand for greater efficiency and customer centricity in the region. | | Singapore’s European Chamber of Commerce (EuroCham), in cooperation with the Centre for Creative Leadership, surveyed 100 senior leaders from European organisations in Singapore to assess their rate of digital transformation. | | They represent diverse sectors – such as financial services, manufacturing and pharmaceuticals – and hold decision-making roles in their organisations. | Featuring recommendations from the EuroCham Digital Economy Committee Members, this report also shares the respondents’ views on:
| | | • | What are the main drivers of digital transformation in Singapore? | | | • | What is the state of digital transformation in their companies, and which business areas are being impacted the most? | | | • | Which tactics will have the highest ROI in meeting digital transformation aspirations in their companies? | | | • | What are the biggest barriers to digital transformation?
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| | | | | COVID-19 could redefine Singapore’s place in the global economy
Alex Capri, Visiting Senior Fellow at NUS Business School, shares his views on the global implications of the COVID-19 outbreak and the potential impact on Singapore. Find out why he remains bullish about the country’s ability to adapt and thrive despite the shifting economic landscape. | | Read more |
| | How did Salesforce attain its clout in cloud computing in SEA?
Over the last 15 years, Salesforce has stuck to its key strategies: selecting the right location, understanding customers well, doing onboarding right and excelling in the fight for talent with culture. Understand how these strategies have helped its APAC revenues grow 100 times from US$10.3 million in 2005 to US$1.3 billion in 2019.
| | Read more |
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| | Singapore just announced our 2020 Budget. Businesses based in the city-state can look forward to initiatives including: | | • | A S$4 billion stabilisation and support package: To help enterprises and workers tide through the current economic uncertainty, this package will provide cash flow support and assistance in retaining and retraining workers. | | • | Enhanced tax rebates and loan offerings: Companies will be granted a rebate of 25 per cent tax payable, capped at S$15,000 for the year of assessment 2020. The maximum loan quantum under the Enterprise Financing Scheme will also be raised to $600,000 and the Government will increase its risk-share on these loans to 70 per cent. |
| Click here for details on what Budget 2020 has to offer to employers and employees.
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| Events Calendar | [12 - 13 May]
HR Tech Festival Asia | | Join one of Asia’s biggest gatherings of C-suite and HR practioners where over 120 HR experts share their strategies and predictions of what lies ahead for the field. The event will allow you to explore technologies, products and solutions to support your digitilisation roadmap. | | Find out more |
| | [10 Jul]
Food for the Future Summit | | Themed “Innovation as Sustainability”, this summit brings innovators, industry pioneers and experts from Asia’s food ecosystem on a platform to discuss the major challenges in sustainability today. | | Find out more |
| | [4 - 5 Aug]
EmTech Asia 2020 | | The 7th edition of EmTech Asia will examine this year’s technologies across 3 themes - Our Digital Life, Becoming Cyborgs - The Future of Health, and Tech for Humanity. | | Find out more |
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