Singapore digest news (07.08-12.08)

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Exploring how AI can shape the future of medicine

To address the promise and challenges of artificial intelligence (AI) in the healthcare sector, the medical and engineering colleges at NTU Singapore, together with National Healthcare Group (NHG), held a three-day conference to discuss how AI will shape the future of medicine and healthcare.

The inaugural International Conference on Artificial Intelligence in Medicine (iAIM) 2023 saw 600 attendees, from clinicians and scientists to engineers and AI experts, to explore and address issues surrounding the impact of AI on medicine and healthcare, and to spark collaborations across disciplines in this area.


Singtel tops 2023 governance and transparency index

Singapore Telecommunications (Singtel) topped the Singapore Governance and Transparency Index general category this year, with an overall score of 120. At the NUS study, Singtel, which provides 5G tech, advanced from the third spot in 2022 to 2021.


MAS pledges S$150m to aid the financial sector

The Monetary Authority of Singapore (MAS) has revealed its plan to invest up to S$150m in the next three years for the renewed Financial Sector Technology and Innovation Scheme (FSTI 3.0). This initiative aims to boost innovation by backing projects that utilise advanced technologies or have a regional focus.


More than 4,300 jobs opening up in Singapore's aviation sector over 2024

More than 4,300 jobs are opening up in Singapore's aviation sector in the coming year, as passenger traffic at Changi Airport is set to make a full recovery by the first half of 2024, said Acting Transport Minister Chee Hong Tat.


Singapore bank OCBC posts 34% rise in Q2 profit, in line with estimates

Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) on Friday (Aug 4) posted a 34 per cent rise in second-quarter net profit that was in line with expectations, mainly driven by better income growth and partly offset by higher allowances.

OCBC, which is also Southeast Asia's second-largest lender by assets, said its April to June net profit climbed to S$1.71 billion (US$1.28 billion) from S$1.28 billion a year earlier.