Another 1.2 mn digitally skilled workers will be required by Singapore’s economy by 2025 which is a 55% jump from the present 2.2 mn, according to a survey by AWS. Almost 63% of Singapore workers are in digital skilled jobs. The survey also added that 51% of people would need to learn cloud computing to perform jobs in 2025. Singapore needs a total of 23.8 mn digital-skills training sessions from now until 2025 to generate the needed workforce.
Dell will invest $50 mn for the next three years to set up an innovation facility in Singapore with the aim to focus on R&D work in digital transformation tech. Amit Midha, Dell’s president of APJ and global digital cities said, out of the total investment, $23 mn will be invested this year itself. Dell launched a skills programme in Singapore for over 3,000 people to learn new skills in cloud computing, data protection, data science, and big data analytics.
Singtel, in a statement, said that it was informed by Accellion that the file-sharing system called FTA had been hacked by unidentified cybercriminals. The telco said the FTA was used as a standalone system and used to share information within the firm and with external stakeholders. The Teleco also said that it is investigating the impact of a cybersecurity incident which may have compromised its customer data.
Singapore-based ST Telemedia plans to develop a greenfield data centre campus in Noida. It would develop IT capacity of 18 MW at an estimated investment of ₹600 cr in the first phase, and 36 MW IT capacity with an investment of ₹ 500 cr in the second phase. The campus is expected to create 30-40 direct and 550 indirect employment avenues. The total investment would be around ₹1,100 cr with 80 direct and 1,000 indirect and induced employment avenues.
Reality player DLF will invest around Rs 130 cr over the next 1.5 years to develop a state of art data centre facility in Noida. The data centre, part of a 25-acre commercial project, will have 3.7 lakh sq ft space and have a total development potential of 35-40 lakh sq ft. DLF has leased the facility to Singapore-based ST Telemedia Global Data Centres. Indian data centre industry has attracted investment around $ 400 mn during Jan- Sep this year, as per property consultant Anarock and Mace.
Tencent has pumped $62.8M into Flipkart’s $1.2B investment round and now owns a 4-5.3 per cent stake in Flipkart Pte – Flipkart’s Singapore based holding company. Though it is a minority stake, the investment is significant as Flipkart is the most valued internet company in India. Since April, the GOI has taken multiple steps to limit China’s exposure to Indian businesses; revising its Foreign Direct Investment (FDI) regulations as well as banning Chinese apps.
Tencent said it would open a new office in Singapore that’ll be its regional hub for Southeast Asia. The move, adding a Singapore base to offices in Malaysia, Indonesia and Thailand, comes as Tencent presses on with global push despite recent app bans in India and the US. Southeast Asia is an important market for Tencent – both for games and its cloud. Recent reports stated that ByteDance was also looking to invest in billions in Singapore.
ByteDance, as per the sources, will invest billions of dollars and recruit hundreds of people in Singapore over the next 3 years. Also, the firm will move some of the TikTok’s staff from China to Singapore. Earlier there were reports that ByteDance was planning to make Singapore its beachhead for the rest of Asia’s business. And Singapore has also been looking to attract tech firms and investors. Now, US’ restrictions on TikTok can possibly facilitate this.
Zoom together with Singapore’s Economic Development Board has opened its first-ever Southeast Asian data centre in Singapore, where the app’s usage was briefly halted following the report of hackers breaching some of the sessions. The popular VC app faced scrutiny over data sharing practices with China and this move may be considered as an attempt to gain trust from its customers. The company plans to hire an unspecified number of engineers and salespersons.