Singapore to spend 1 billion SGD developing AI in five years
Singapore’s plan to invest more than 1 billion SGD (743 million USD) in artificial intelligence (AI) over the next five years could strengthen its position as a global business and innovation hub, tech executives said as reported by CNBC.
A man stands before automated immigration gates at Singapore's Changi Airport (Photo: AFP/VNA)
Singapore (VNA) -Singapore’s plan to invest more than 1 billion SGD (743 million USD) in artificial intelligence (AI) over the next five years could strengthen itsposition as a global business and innovation hub, tech executives said asreported by CNBC.
According to the news site, SingaporeanDeputy Prime Minister Lawrence Wong announced the plan in his recent Budgetspeech last week. He noted that as part of the investment, Singapore will workto ensure it can secure access to the advanced chips, while working withleading companies here and around the world to set up AI centres of excellenceto spur innovation.
“This initiative will help ensure thatbusinesses can capitalise on the opportunities afforded by technologicaladvancements and capture new opportunities,” Nithin Chandra, managing partnerof Southeast Asia at Kearney, a global management consulting firm, said asquoted by CNBC.
“This will incentivisecompanies to adopt AI solutions, prioritise AI skills to keep their workforcecompetitive, and encourage strategic partnerships and knowledge sharing acrossthe industry, thus spurring overall innovation,” said Jonathon Dixon, vicepresident and managing director of APAC at Cloudflare, a global cloud servicesprovider.
Singapore workers are alreadythe world’s fastest when it comes to adopting AI skills, as per LinkedIn’sFuture of Work report released in August.
According to CNBC, Singapore was among the first countries to publish an AIplan in 2019. In December, the Southeast Asian nation launched the National AIStrategy 2.0 — an updated version of its AI initiatives, outlining ways toprepare the economy to harness and utilise AI to empower workers andbusinesses./.
Singapore's fintech sector amassed total funding of 2.2 billion USD in 2023, down 68% year-on-year, according to a report issued by accountancy giant KPMG on February 6.
Singapore is cautiously optimistic about 2024 and expects higher gross domestic product (GDP) growth, at 1%-3%, Deputy Prime Minister Lawrence Wong has said.
Singapore plans to require all flights departing the country to use sustainable aviation fuel (SAF) from 2026, its Minister of Transport Chee Hong Tat said on February 19.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
A man stands before automated immigration gates at Singapore's Changi Airport (Photo: AFP/VNA) 
