In The News

600-tonne vault for silver opens amid robust demand

[SINGAPORE] In a sign of continued strong demand for physical bullion here, bullion retailer Silver Bullion yesterday opened a 600-tonne silver vault. The facility in Chai Chee, called The Safe House, will hold an amount of silver equivalent to one per cent of all silver reserves above ground when full; these holdings would be worth US$390 million. The Safe House also has a vault on the premises...


More private equity deals seen in 2014: EY

Singapore ASIA'S private equity market is growing in volume and maturity, with investor confidence for the year remaining high, according to an EY report. The report, A maturing market: Asia-Pacific private equity outlook 2014, developed in collaboration with Mergermarket, said that investors were becoming more sophisticated, using new means of investment to tap the region's potential. Emerging...


DBS taps IBM system to handle big data

IN a move to boost its wealth management business, DBS Bank yesterday announced plans to deploy IBM's cognitive computing technology Watson. This is a cloud-based application that can process enormous amounts of information, the so-called big data. The Watson system, described by many as artificial intelligence, became famous by defeating two world champions in the popular quiz show Jeopardy. It...


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EnterpriseIT2014

Technology is one of the key drivers for change and growth and is intertwined with every facet of businesses. EnterpriseIT2014 is Asia’s definitive sourcing platform for innovative technologies. International exhibitors will be showcasing a myriad of technologies such as Apps & Augment Reality, Big Data, Cloud Computing and Services, e-Government & e-Services, Enterprise Networks and Technologies, Storage Systems, Telepresence and much more. Look out for the new elements – NXT Cities, NXT Enterprises and NXT Connected Services.
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