Singapore Archives

Singapore lawmakers debate economic impacts of AI ahead of new budget launch

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1 March, 2024

Singapore lawmakers debate economic impacts of AI ahead of new budget launch

Singapore’s Members of Parliament said that the rapid adoption of AI may lead to job losses, particularly expressing concern about...

Singapore eyes to become Southeast Asia’s AI hub with $1 billion investment

Business

Wahid Pessarlay

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21 February, 2024

Singapore eyes to become Southeast Asia’s AI hub with $1 billion investment

Financial hub Singapore looks to become the leader in emerging technologies, including AI, in Southeast Asia, allocating $1 billion to...

Singapore regional AI model for Southeast Asia trained in 11 languages

Tech

Wahid Pessarlay

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17 February, 2024

Singapore regional AI model for Southeast Asia trained in 11 languages

Dubbed SEA-LION, the artificial intelligence model is designed to be an alternative to mainstream AIs and is trained with data...

Singapore framework proposal addresses emerging generative AI issues

Business

Wahid Pessarlay

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22 January, 2024

Singapore framework proposal addresses emerging generative AI issues

Dubbed the Model AI Governance Framework for Generative AI, Singapore's proposed rules build on the provision of the existing Model...

Monetary Authority of Singapore expands digital assets oversight under new bill

Business

Steve Kaaru

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17 January, 2024

Monetary Authority of Singapore expands digital assets oversight under new bill

The proposed bill gives the Singapore central bank the power to issue written directions on minimum standards for companies that...

Business

Steve Kaaru

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19 December, 2023

Three Arrows Capital’s Su Zhu questioned in Singapore over lost billions

One outlet reports that the 3AC co-founder is set to be released this month after he was arrested in September...

China, Singapore launch digital yuan cross-border payments pilot for tourists

Business

Wahid Pessarlay

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14 December, 2023

China, Singapore launch digital yuan cross-border payments pilot for tourists

The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists...

Singapore National AI Strategy 2.0 to bring in 15,000 AI experts

Business

Steve Kaaru

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11 December, 2023

Singapore National AI Strategy 2.0 to bring in 15,000 AI experts

Deputy PM Lawrence Wong has unveiled the National AI Strategy 2.0, noting that the government's efforts have placed 2,700 AI...

Singapore digital currency rules tightened to discourage speculative activities

Business

Wahid Pessarlay

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2 December, 2023

Singapore digital currency rules tightened to discourage speculative activities

The Monetary Authority of Singapore is proposing stricter digital currency guidelines to regulate Digital Payment Token service providers and protect...

Monetary Authority of Singapore calls for AI sustainability, draws lessons from ‘crypto’

Business

Wahid Pessarlay

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21 November, 2023

Monetary Authority of Singapore calls for AI sustainability, draws lessons from ‘crypto’

Singapore is embracing artificial intelligence cautiously, drawing from digital currency lessons, securing substantial investments, emphasizing safety, and implementing robust regulations...

Hodlnaut liquidation to proceed after Singapore lender fails restructure bid

Business

Wahid Pessarlay

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14 November, 2023

Hodlnaut liquidation to proceed after Singapore lender fails restructure bid

Recovering from the Terra collapse proved difficult for Hodlnaut following a failed bid to restructure its operations, forcing the Singaporean...

MAS chief reveals Singapore’s AI-driven anti-money laundering efforts

Business

Wahid Pessarlay

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8 November, 2023

MAS chief reveals Singapore’s AI-driven anti-money laundering efforts

Ravi Menson, chief of the Monetary Authority of Singapore, plans AI-driven crackdown on money laundering, enhancing surveillance and regulatory insights.

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