Asian-African Chamber of Commerce & Industry’s Post

The 🇸🇬 Singapore Economic Development Board is fully justifying its title. From Ms. Poh, Managing Director, a splendid view. My dream is that one day 🇪🇪 Enterprise Estonia, or EASi ja KredExi ühendasutus, will release a similar keynote on how Estonia can partner with high-value added businesses in their advanced manufacturing journey in Europe.

🌏 Navigating the New Era of Industrial Policies in Southeast Asia 🌏 As industrial policies, which are strategic government actions to boost industrial growth and economic development, gain prominence globally, ASEAN countries face the challenge of meeting key "invisible" preconditions to leverage these strategies effectively. Marco Kamiya, Carlos López-Gómez, and Mateus Labrunie highlight three crucial factors: Technology Absorptive Capacity: Developing robust skills for operating advanced technologies is crucial. It’s not just about accessing technology but also about adopting it effectively. Enhancing local expertise is key to leveraging industrial advancements and creating jobs. Quality Standards and Infrastructure: Standards might seem invisible, but they are fundamental. From ensuring product quality to meeting international norms, strengthening quality infrastructure is essential. Singapore is leading in this area, showcasing the importance of high standards and effective certification processes. Innovation Ecosystems and Collaboration: Building strong connections with global research centers can bridge the gap in frontier technologies. Southeast Asia must foster collaboration to access cutting-edge knowledge and innovation without bearing excessive costs. In Singapore, we are starting to see the effect of strategic investments in technology and ongoing implementation of new standards, and how this is impacting growth and competitiveness. Improving these “invisible” preconditions will enhance the effectiveness of industrial policies and help Southeast Asian nations adapt to global technological and economic shifts. #SafeSync #RoshiGlobal #Technology #Innovation #IndustrialPolicy #SoutheastAsia #Singapore https://lnkd.in/gT9QY4EB

Singapore and Malaysia are collaborating to establish a special economic zone modeled after Shenzhen. This ambitious project aims to strengthen regional ties and boost economic growth through innovation and trade. The zone is expected to attract global investors and create new opportunities for industries. It marks a significant step toward fostering long-term economic development in Southeast Asia. https://lnkd.in/gDfh4QFM #Singapore #Malaysia #EconomicGrowth #SpecialEconomicZone #Innovation #Trade #SoutheastAsia #BusinessDevelopment #InvestmentOpportunities #RegionalCollaboration #UnderstandingEnterpriseTech #EnterpriseTechnologyNow #EnterpriseTechnologyToday

🇲🇾🎉Excited to be at KL20 Summit 2024 at KL Convention Centre! 🎉🇲🇾 📣The tagline for today’s event is IT STARTS HERE 🏁 ⚡️This definitely feels like an appropriate headline for such an energized event, highlighting the current growth prospects of the digital ecosystem here in Malaysia. Being such a high-profile event, the opening address was led by Anwar Ibrahim, the PM of Malaysia, who set the scene magnificently by outlining a host of economic targets to position this location as an industry pioneer. One other notable theme is the extent to which Digital at a software level is sharing a narrative with the semiconductor sector. This, makes complete sense and it’s exciting to see Malaysia addressing its Technology growth prospects with these 2 key pillars aligned, linking the economic trajectories of both #penang and #selangor. 🌍💡 This sentiment of ambition was brilliantly showcased by Dato K.S. Pua, founder of semiconductor firm 群聯電子 PHISON Electronics shown in the picture, who having left Malaysia to launch his business in Taiwan, is now investing heavily back in Malaysia through the launch of the storage hardware brand MaiStorage. 💼💰 The objectives spelt out today reflect the economic outlook shared by Tengku Zafrul Aziz, Minister of Investment, Trade & Industry last week: ↗️Malaysia's GDP growth is expected to reach 5% in 2024, surpassing ASEAN average, driven by semiconductor demand, US consumer spending, and growing interest in travel and services. ↗️The semiconductor industry's global recovery is set to fuel Malaysia's growth, supported by strategic investments like the "China Plus One" initiative. ↗️Initiatives such as the New Industrial Master Plan (NIMP) 2030 aim to strengthen Malaysia's competitiveness, potentially leading to high-income status by 2030. Clearly, here at Kinetik Hiring, we are excited to hear about the impact on job market prospects for both Malaysians and expat expert talent to service growing needs in the region! 🌏💼 If you are here on 22nd or 23rd April and open to a quick catch up, please feel free to reach out to either myself or Stella Hui ☕️ #kinetik #letsgokinetik #digital #semiconductor #jobs #malaysia

#Singapore has risen a spot to become the world’s 4th most innovative economy, according to the Global Innovation Index 2024 published by the World Intellectual Property Organization – WIPO. The city-state reached its highest ranking in over a decade, while still retaining its top spot in Asia. The Global Innovation Index is an annual ranking of more than 130 world economies according to their #innovation capabilities. Here are some key highlights for Singapore: ⚪ 1st in innovation inputs which refers to factors that enable innovative activities. ⚪ 1st globally for topping the most innovation indicators, including regulatory quality, policy stability for doing business, ICT access, unicorn valuations and venture capital. ⚪ 2nd in the world for Human Capital and Research, and 3rd for Business Sophistication. Learn about the factors that make #Singapore a global innovation #hub: https://lnkd.in/gPdTsEmQ Intellectual Property Office of Singapore (IPOS)

As a small and open economy, Singapore must be nimble and responsive to developments in the global economy. Happy to share during my speech at the Ministry of Trade and Industry’s (MTI) Committee of Supply debate that we will double down on efforts to support R&D investments, particularly in deep tech R&D for critical and novel technologies. This is to help companies harness technological changes and bring new ideas to the market. We will create new R&D translation platforms and provide additional resourcing to catalyse our Semiconductor, Biomedical Science, MedTech and Robotics sectors. These will contribute to the development of a vibrant and robust ecosystem where researchers and companies can come together to create commercially impactful outcomes. These will also support the Research, Innovation and Enterprise (RIE) 2025 vision for Singapore to be an innovation-driven economy. Watch the excerpt of my speech👇🏻. More details on MTI's COS: www.go.gov.sg/MTICOS2024 Ministry of Trade and Industry (Singapore) A*STAR - Agency for Science, Technology and Research

Igniting the spark of #innovation in Singapore's semiconductor industry. 💡🔬 This year's Budget unfolds a promising narrative for businesses. With a vision geared towards a robust, inventive, and thriving economy, #Singapore is stepping up its game on the global stage. The National Semiconductor Translation and Innovation Centre (NSTIC) is a national initiative led by A*STAR - Agency for Science, Technology and Research, in partnership with Nanyang Technological University Singapore (NTU), National University of Singapore, and Singapore University of Technology and Design (SUTD). It is poised to transform the landscape of #semiconductor technology. With a focus on flat optics and silicon photonics, NSTIC promises enhanced performance and functionality for electronic devices, from smartphones to computers. 📱💻 First, by providing access to cutting-edge infrastructure and expertise, NSTIC empowers companies to accelerate their R&D efforts. Next, from prototyping to small-volume #manufacturing, NSTIC opens doors to faster innovation and market-ready products. 👇🏻 Click here for more details on Ministry of Trade and Industry (Singapore)'s COS debate 2024: https://lnkd.in/gcrUCnhD Ready to embrace the future of semiconductor #technology? Book a complimentary 1-to-1 business advisory session here: https://lnkd.in/g_5tassX and let SME Centre@SMF (Singapore Manufacturing Federation) guide you in leveraging government initiatives and unlocking the full potential of your #SME. 🪽 #smes #smallbusiness #smesupport #support #businessgrowth #sgbusiness #businessadvisory #consulting #businessstrategy #sustainablebusiness #transformation #researchanddevelopment #RandD #sustainablemanufacturing #techinnovation #productprototyping #productivity

#Singapore is ranked 4th most innovative economy in the world according to an index from the World Intellectual Property Organization – WIPO. A strong #Innovation ecosystem, supported by enablers from partnerships with #research institutions through to sources of #capital and #funding, allow for innovative activities to thrive in Singapore. It's a big reason why companies decide to set up in Singapore. Come talk to the Singapore Economic Development Board (EDB) to find out more about Singapore can support your company's innovation activities!

"in Singapore, industry was mostly negative in the first half because of weakness in the biomedical manufacturing and precision engineering sectors. These trends are mirrored in industrial production growth figures, with Thailand and Singapore in negative territory through June (Figure 1.1.2). Meanwhile, services growth remained strong overall in the first half of 2024 compared to the second half of 2023, as increased domestic activity continued to boost finance, information and technology, retail, and tourism-related sectors. 𝘚𝘦𝘳𝘷𝘪𝘤𝘦𝘴 𝘪𝘯 𝘚𝘪𝘯𝘨𝘢𝘱𝘰𝘳𝘦 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦𝘥 𝘵𝘩𝘦 𝘮𝘰𝘴𝘵 𝘪𝘯 𝘏1 2024, 𝘭𝘢𝘳𝘨𝘦𝘭𝘺 𝘥𝘶𝘦 𝘵𝘰 𝘢 𝘤𝘰𝘯𝘤𝘦𝘳𝘵-𝘥𝘳𝘪𝘷𝘦𝘯 𝘣𝘰𝘰𝘴𝘵 𝘵𝘰 𝘳𝘦𝘵𝘢𝘪𝘭 𝘢𝘯𝘥 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘴𝘦𝘤𝘵𝘰𝘳𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘧𝘪𝘳𝘴𝘵 𝘲𝘶𝘢𝘳𝘵𝘦𝘳 (𝘘1) 2024." (page 4) (emphasis added using italics) "Singapore’s 2024 growth forecast is revised up to 2.6%, driven by increased demand for electronics and financial services, and is expected to remain steady at 2.6% in 2025." (page 29) Asian Development Bank, 𝘈𝘴𝘪𝘢𝘯 𝘋𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘖𝘶𝘵𝘭𝘰𝘰𝘬 𝘚𝘦𝘱𝘵𝘦𝘮𝘣𝘦𝘳 2024, released on 25 September 2024, https://lnkd.in/gfP4-QUV

As an SME in Singapore, Autonetics is committed to driving innovation and growth in the security industry. We believe that by embracing new technologies and approaches, we can help our clients stay ahead of the curve and protect their assets more effectively than ever before. We are excited to see Singapore ranked as one of the most innovative economies in the world by the Singapore Economic Development Board (EDB), and we are committed to playing our part in this exciting journey. We are constantly exploring new ways to enhance our offerings and provide added value to our commercial and residential clients. Here are some of the innovative approaches we are taking: Artificial Intelligence (AI) and Deep Learning 🤖🧠👾 AI and Deep Learning technology continue to make waves in the security industry, and Autonetics is working to integrate AI and Deep Learning into our security systems to provide enhanced detection, monitoring, and remote monitoring capabilities. Intelligent Automation Design ⚙️🤖🔧 Our team of experts is dedicated to designing intelligent automation solutions that leverage the power of AI. By imitating human behavior, including image analysis, speech comprehension, and natural interaction, we are able to create security systems and robotic solutions that are more efficient, effective, and user-friendly than ever before. #innovation #security #SMEs #Singapore #AI #DeepLearning #IntelligentAutomation