13 Jul 2021
Singapore to Unlock Full Potential of Digital, Announces SGTraDex to Digitalise the Supply Chain Ecosystem, at Asia Tech x Singapore
to also invest close to S$70 million in R&D, to enhance connectivity
capabilities and seize future opportunities, through its first national Future
Communications Research & Development Programme (FCP)
Singapore, 13 July 2021 – Speaking at the
opening address of the ATxSummit, the apex event of Asia Tech x
Singapore (ATxSG), Singapore Deputy Prime Minister and Coordinating
Minister for Economic Policies, Mr Heng Swee Keat today announced that
Singapore will be stepping up investments to unlock the full potential of the
digital revolution through collective action.
Building “Digital Infrastructure” for the Future –
The pandemic has accelerated the overall shift to digital.
Building a common “digital infrastructure” to underpin and ease data sharing
will enable multiple stakeholders to come together and drive economic
transformation. A new common data infrastructure and framework, the Singapore
Trade Data Exchange, or SGTraDex was therefore
launched to enable this trusted sharing of trade data. Designed as a neutral
and open digital infrastructure through a public-private partnership,
it was conceptualised by the Alliance for Action (AfA) on Supply Chain
Digitalisation. SGTraDex will support ecosystem-wide digital transformation,
connecting supply chain ecosystems both locally and globally.
Three initial use cases
were developed to push the boundaries of a trusted data exchange. The use cases
demonstrated how SGTraDex can enable participants to strengthen the financing
integrity of trade flows, enhance operational efficiency by optimising logistics
functions across partners, and provide visibility on supply chain transactions.
The use cases have the potential to unlock more than S$200 million
(US$150 million) of value annually when fully developed.
SGTraDex will continue to
build on this initial momentum, develop more use cases, and drive adoption locally and globally. SGTraDex also has
the flexibility to be the data infrastructure for many other
sectors ranging from construction to aviation, unlocking even more potential
value. This is part of a suite of digital infrastructure and utilities being
developed, including the SGFinDex for the financial sector, that provides a
strong foundation for Singapore’s Digital Economy.
Investing in Research, Innovation and Enterprise –
Future Communications R&D Programme
Investment in research and innovation is key to building solutions
for the future and staying at the forefront of the digital economy. Singapore
will invest close to S$70 million (US$50 million) under the
Research, Innovation and Enterprise (RIE) plan, to launch our first
national Future Communications Research & Development Programme
The FCP supports cutting edge communications and connectivity
research, and will in turn grow local capability to translate that into
innovative products, services, and companies. This will be accomplished through
the setup of new communications testbeds in 5G and beyond-5G, and support
technology development, translation and training, while building up the talent
pool in the areas of communications and connectivity technologies. As a start,
the FCP has established a Memorandum of Understanding (MOU) with the 6G
Flagship Office of Finland.
Building Global Partnerships – Digital Economy
Collaboration with Japan and Thailand
Global-Asia node for technology and innovation, such digital cooperation
with like-minded partners reaffirms Singapore’s role in bolstering growth
opportunities in the global digital economy. Singapore
Minister for Communications and Information Mrs Josephine Teo also signed a Memorandum of Cooperation (MOC)
with Japan and an MOU with Thailand, at the
sidelines of the ATxSummit.
of Cooperation (MOC) to Promote Cooperation in ICT
Signatories: Josephine Teo, Minister for
Communications and Information (Singapore) and Ryota Takeda, Minister of
Internal Affairs and Communications (Japan)
The MOC seeks to strengthen ICT collaboration between Singapore
and Japan, enabling closer policy alignment and regulation on businesses. The
MOC will facilitate a pilot project on electronic transferable records and the
exchange of information on best practices and policies relating to the Digital
Economy, Artificial Intelligence, and cybersecurity. It also includes closer
collaborations through joint training and programmes on AI implementation, AI
governance and ethics, as well as cybersecurity capacity building.
MOU for Cooperation in the Field of Digital Economy
Signatories: Josephine Teo, Minister for
Communications and Information (Singapore) and Chaiwut Thanakhamanusorn,
Minister of Digital Economy and Society (Thailand)
The longstanding Thailand-Singapore relationship will deepen with
the signing of this MOU, which has been expanded to include new areas of
cooperation in the Digital Economy such as digital connectivity, smart cities
and AI governance. Both sides are also exploring interoperability between
digital systems and frameworks that enable e-documentation.
Asia Tech x Singapore, Asia’s Flagship Tech Event
The ATxSummit, held on 13 July, is the
apex event of ATxSG, Asia’s flagship tech event where technology intersects
with society and the digital economy. The
event seeks to address how governance, trust, and technology can come together
to solve global challenges while promoting innovation, diversity, and
inclusion. Attendees will hear from top-level government officials and private
sector executives as they engage in conversations on trends, challenges and
opportunities across four key pillars – Tech x Trust, Tech x Good, Tech x
Builders, and Tech x Creative – that will redefine tech for a better future.
Hosting the ATxSummit, Mr Lew Chuen Hong, Chief Executive,
Infocomm Media Development Authority, said, “At ATxSG, we want to shift the
focus from technology in isolation to its intersection with society and the
digital economy. There are both opportunities and challenges in these
intersections, and that’s where important ideas and innovations are needed.
Singapore, as a Global-Asia node and the Tech gateway to the fastest growing
digital economies in the ASEAN region, makes it an ideal place to spark these
conversations, and co-create potential solutions. We are delighted to
host government and business leaders from over 20 countries at the ATxSummit,
to collectively shape our shared digital future.”
For more details, kindly refer to:
of Keynote Address by Deputy Prime Minister Heng Swee Keat at Asia Tech x
Singapore Summit 2021 on 13 July 2021 (para 6 has been amended to reflect that “This
Summit is timely in bringing together governments and industry players from
over 30 countries”)
(2) Factsheet: Singapore Introduces
SGTraDex, an Interoperable Common Data Infrastructure to Connect Supply Chain
(3) Factsheet: IMDA and NRF Invests
Close to S$70 Million to Enhance Singapore’s Communications & Connectivity
Capabilities and Seize Future Opportunities
social conversation: LinkedIn | Facebook | Twitter
information on ATxSG, please visit our website here.
About Asia Tech x Singapore
Asia Tech x Singapore (ATxSG) is Asia’s flagship tech event where
technology intersects with society and the digital economy. Taking place from
13 to 16 July 2021, ATxSG is organised by the Infocomm Media Development
Authority (IMDA) and Informa Tech and supported by the Singapore Tourism Board
(STB). This inaugural event builds on the foundations of Singapore’s Smart
Nation Innovation Week and Informa Tech’s ConnecTechAsia into a single flagship
tech platform led by four main segments – ATxSummit, ATxEnterprise, ATxImpact,
ATxSG drives conversations only possible in Singapore across
business, tech and government leaders that will shape our shared digital
future. It enables participants to network and keep their finger on the pulse
of latest tech trends, challenges and opportunities.
For more information on the event, please visit asiatechxsg.com.
About Info-communications Media Development
The Infocomm Media Development Authority (IMDA) leads Singapore’s
digital transformation with infocomm media. To do this, IMDA will develop a
dynamic digital economy and a cohesive digital society, driven by an
exceptional infocomm media (ICM) ecosystem – by developing talent, strengthening
business capabilities, and enhancing Singapore's ICM infrastructure. IMDA also
regulates the telecommunications and media sectors to safeguard consumer
interests while fostering a pro-business environment, and enhances Singapore’s
data protection regime through the Personal Data Protection Commission.
For more news and information, visit www.imda.gov.sg or
follow IMDA on Facebook IMDAsg and Twitter @IMDAsg.
Nigel Chen – IMDA
Tel: +65 9478 3380
Jonathan Lim – LEWIS Global Communications
Tel: +65 9777 7941