Daily briefing: SG to invest $50m in AI, cybersecurity; SGTraDex to be rolled out in 2022

And Temasek’s portfolio rises 25%.

From CNBC

The Singapore government is eyeing a $50m program to further support research in advanced communications and connectivity, Deputy Prime Minister Heng Swee Keat said.

Singapore plans to set up new communication testbeds in 5G and beyond-5G, under the Future Communications Research and Development Programme. 

The programme will also provide support for technology development and in building a local talent pool.

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FROM CNA

The Singapore Trade Data Exchange (SGTraDex) that will pave way for a more secure information sharing in the supply chain is expected to be launched in 2022. 

The SGTraDex will allow stakeholders to exchange information, such as real-time cargo locations, and strengthen the financing integrity of trade flows amongst others. 

Deputy Prime Minister Heng Swee Keat said based on pilots, the SGTraDex is estimated to unlock over $200m in value. 

Read more here.

From CNA 

Temasek Holdings reported its portfolio value rose nearly 25% to a record $381b in the year ended, 31 March 2021. 

This is a $75b increase from the $306b recorded from the previous year. It also followed a decline of 2.2% in the year 2019-2020. 

Temasek has invested $49b and divested $39b, up from $32b and $26b in the previous year, respectively.

Read more here.