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East Coast Plan unveiled

Heng Swee Keat

29 May at 17:00 ·

Coincidentally bumped into Rahayu Mahzam who was there with her grassroots team! It’s good to see HeartbeatBedok vibrant and full of activity again!
— with Jessica Tan Soon Neo and
3 others
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HSK was glad to be back for the second edition of Asia Tech X SG Summit this morning. :wink:

Heng Swee Keat

1 hr ·
Glad to be back for the second edition of Asia Tech X SG Summit this morning.
Spoke about several aspects of the digital frontier – including quantum, crypto, and SGTraDex.
Crypto assets have garnered much interest. We must separate the hubris from its true potential. Cryptocurrencies in particular is a highly risky area, which retail investors should steer clear of. But the underlying technologies have much potential, and we are working constructively to realise the potential gains.
Quantum is one potential game changer in cybersecurity. For some encryption functions, quantum computers can solve in minutes a problem which takes a supercomputer 10,000 years. We must invest ahead.
SGTraDex is our common data infrastructure for supply chains. The more companies we have on board, the greater its value. The initial pilots have been successful and yielded significant savings. We will be expanding SGTraDex further.
The timing for this Summit is most apt. We are pulling away from the shadows of COVID-19 to confront new challenges, including the risk of another potential global recession.
By harnessing the digital revolution and navigating these challenges well, we can build a better future for Asia and the world.
(MCI Photo by Fyrol)

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from straitstimes.com:

Project SG100K: DNA of 100,000 Singaporeans to be mapped to identify new ways to prevent diseases​


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SINGAPORE - The Republic is embarking on a mission to map the DNA and the complete set of genes of 100,000 Singaporeans - to unravel clues that will further the population's health and well-being.

By scrutinising genes and dissecting biological processes at the molecular level, doctors and researchers can pinpoint the underlying causes of cancer and chronic ailments, and identify new ways to prevent or slow down disease progression.

This would help to pave the way for new drugs, faster diagnostics and targeted treatments through precision medicine, said Professor Patrick Tan, executive director of Precision Health Research, Singapore (Precise), the entity that will helm the population study.

Over the next three years, the whole genomes of 100,000 healthy Singaporeans - between the ages of 30 and 80 - will be sequenced and analysed to create one of Singapore's largest research data sets.

Malay and Indian participants will comprise 40 per cent of the 100,000, and the rest will be Chinese.

The project, called SG100K, will end up as one of Asia's leading reference genome databases since Singapore's ethnic diversity captures more than 80 per cent of Asia's diversity.

On Thursday (May 26), Precise and genomics technology leader Illumina inked a partnership agreement to kick-start the SG100K effort.

The whole genome sequences will amount to 20 petabytes of data - which is equivalent to about 200,000 high-definition movies. The human brain can store around 2.5 petabytes of memory.

To date, the project has enrolled 70,000 participants from existing cohort studies, and is working towards recruiting the remaining 30,000 participants at a rate of 300 participants per week, said Deputy Prime Minister Heng Swee Keat, who attended the signing ceremony and toured Illumina's premises in Woodlands on Thursday.

Mr Heng added that Precise has in place robust safeguards to protect the privacy and security of data collected from people.

For one, Illumina has invested heavily in safeguarding its software, and researchers need approval to access the anonymised data, said Prof Tan.

The remaining 30,000 participants will be recruited mainly through referrals from the healthcare clusters, and from those who sign up for The Health For Life In Singapore population cohort study, led by Lee Kong Chian School of Medicine.

Under the SG100K project, participants' blood samples will be sent for whole genome sequencing.

The genomic data will also be linked to other physical health measurements taken from the participants. This means that participants have to undergo a whole day of tests, which include measuring blood sugar and cholesterol levels, a fitness test using trackers, and answer a questionnaire on their lifestyle.

Together, the database will enhance precision medicine here because it can show a more wholesome picture of what Singaporeans' health outcomes look like, and the illnesses they are more at risk of, said Prof Tan.

Mr Heng added: "The understanding of genomic-clinical data linkages allows the targeting of therapies to patients who are most likely to respond, avoid severe drug reactions, and maximise drug efficacy by prescribing the optimal dose."

He said precision medicine can improve patients' health outcomes and make healthcare more cost-effective.

Prof Tan said other biological samples, including saliva and stool samples, will be collected and frozen for future precision medicine research, he added.

Illumina's chief commercial officer Susan Tousi said: "Genomics can help to deliver on the immediate needs of today's patient, but also build a database that can be analysed for insights to help tomorrow's patient."

Many conditions, such as cancer and heart disease, can present differently in Asians, who remain under-represented in genomic programmes.

Prof Tan has previously said that usage of the wrong genome database from other populations, such as the Caucasian groups, can result in misdiagnoses.

And with chronic illnesses on the rise with an ageing population, precision medicine and genetic clues can help to optimise treatments and disease prevention methods.

Precision medicine is one of the key goals of Singapore's Research, Innovation and Enterprise 2025 vision in the areas of health and biomedical sciences.

Singapore is currently in the middle of its 10-year National Precision Medicine strategy. In 2019, the precision medicine programme completed a baseline data set with whole genome sequences of 10,000 Singaporeans.

Illumina's sequencing instruments generate most of the world's sequencing data. Home-grown biotech company NovogeneAIT Genomics Singapore has been appointed by Illumina to carry out the genome sequencing for the 100,000 people.

The local firm will use Illumina's advanced sequencing machines and systems to complete the DNA mapping. One such machine is the Nova Seq 6000 which can sequence a whole human genome in under an hour.

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The SG100K project will also pave the way to further strengthen Singapore's biomedical sector with the creation of jobs and companies in areas including genetics, diagnostic devices, drug development and data analysis.

Once researchers start analysing genetic data, they may come across a new biomarker or pattern that they would want to investigate further – and that could give rise to a spin-off company, said Ms Tousi.

Mr Heng said Singapore's biomedical sector accounts for $18 billion of the nation's gross domestic product and more than 25,000 jobs.

By 2027, the National Precision Medicine programme is looking to sequence the whole genomes of one million Singaporeans.


Uncovering ailments and cures from DNA​

Chronic diseases

Scientists can analyse a person’s full set of genes and DNA to find out if he is at risk of developing diabetes or cardiovascular disease. They will also consider the person’s lifestyle choices before coming to a conclusion.

One in 250 Singaporeans is afflicted with familial hypercholesterolemia, an inherited form of high cholesterol. Patients with this disorder are at high risk of heart disease largely due to their genes. They may need more affordable treatments, from their teenage years, to reduce cholesterol levels.

Cancer

A small percentage of seemingly healthy individuals or their family members are at risk of serious medical conditions such as cancer or a rare disease.

Since cancer is a disease of the genome, studying genetic data helps to provide new insights on detecting the illness early, diagnosing it and choosing the best treatment.

For example, 20 per cent of lung cancer cases have a specific mutation that reacts favourably to a particular treatment. This allows for targeted therapy.

Developing new drugs or treatments

By zeroing in on a mechanism that drives a disease, researchers could find ways to stop or slow its destructive pathway.

For example, scientists recently identified two genes that are linked to schizophrenia.
 
from straitstimes.com:

Retail investors should steer clear of crypto even as S'pore addresses risks without stifling innovation: DPM Heng​


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SINGAPORE - Crypto assets like cryptocurrencies and non-fungible tokens (NFTs) are constantly evolving and highly risky but have the potential to transform the future of finance, Deputy Prime Minister Heng Swee Keat said on Tuesday (May 31).

He warned that retail investors should steer clear of cryptocurrencies even as Singapore adapts its rules to address the key risks that crypto assets pose.

"Retail investors especially should steer clear of cryptocurrencies. We cannot emphasise this enough," he said.

Mr Heng was speaking at the opening of the second Asia Tech x Singapore Summit at The Ritz-Carlton Millenia Singapore hotel in Marina Bay, organised by the Infocomm Media Development Authority.

He noted that crypto assets have gathered much interest due to their phenomenal growth and promises of high returns and, more recently, the crash of Terra Luna, which caused many investors to suffer heavy losses and triggered knock-on effects on Bitcoin and other cryptocurrencies.

Nevertheless, Singapore will continue to adapt its rules to ensure that regulation remains facilitative of innovation, the minister said.

Mr Heng, who is also Coordinating Minister for Economic Policies, said crypto assets are part of a new wave of emerging digital technologies known loosely as Web 3.0 and the way to approach this is to keep an open mind.

"We must pierce through both the hubris and the veil of suspicion to understand the potentially transformative underlying technologies," he said. "Let us not throw out the baby with the bathwater."

This is because the digital asset ecosystem comprises an entire range of services beyond cryptocurrency trading.

"We remain keen to work with blockchain and digital asset players to encourage innovation, and build up trust in the sector," he added.
In the last two years, the Monetary Authority of Singapore (MAS) has granted licences and in-principle approvals to 11 digital payment token service providers, including stablecoin players like Paxos, crypto exchanges like Coinhako and traditional financial institutions like DBS Vickers.

At the same time, MAS has consistently warned the public against trading in cryptocurrencies and took steps to limit promotion of cryptocurrencies to the general public earlier this year.

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"We will continue to evaluate applications, and facilitate live experiments through regulatory sandboxes, to enable safe adoption in the financial sector," said Mr Heng.

He also announced the launch of Project Guardian, a collaborative effort by MAS to partner the industry to explore the tokenisation of financial assets and develop the future of finance infrastructure.

The first industry pilot will be to explore potential decentralised finance applications in wholesale funding markets.

Said Mr Heng: "In short, we must approach emerging tech with an open mind, separating the hubris from its true underlying potential.

"Through regulation, we work constructively to realise the gains of these new technologies, and partner responsible and innovative players with strong risk management capabilities to build the foundations of the digital asset ecosystem."
 
HSK met Malaysian Minister of Health Khairy Jamaluddin yesterday. :wink:

Heng Swee Keat

11 hrs ·
Met Malaysian Minister of Health Khairy Jamaluddin yesterday. We were both at the Asia Tech X Singapore Summit. Minister Khairy is also here as the 71st Lee Kuan Yew Exchange Fellow. Given his key role in the re-opening of borders, it is befitting that he is the first Fellow since the onset of the pandemic. COVID-19 has highlighted how important Singapore and Malaysia are to each other. We exchanged views on many issues and looked forward to deepening the ties between our peoples. Have a good week-long stay!
(MCI Photos by Fyrol)

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HSK was happy to open IBM’s Think Singapore conference this morning. :thumbsup:

Heng Swee Keat

4 hrs ·
What does it take to thrive in a changing and uncertain world?
This is a question that all organisations have to grapple with. I was happy to open IBM’s Think Singapore conference this morning, where thought leaders gathered to discuss the disruptive changes and future trends in technology.
I believe that one of the key attributes to thrive in uncertainty is “ambidexterity” – to be nimble in responding to immediate challenges, while at the same time keeping an eye on the future. This makes it possible to commit to sustained innovation, and to create value for the world. IBM is one such company that has done this well, and there are many other companies in Singapore that have constantly reinvented themselves and pushed new frontiers.
It was also interesting to see the many innovative products showcased at the conference – whether in sustainability, healthcare, robotics, cybersecurity or building maintenance. I look forward to more companies here collaborating with other stakeholders in our ecosystem to harness the potential of technology in improving lives.
#think2022
 

Heng Swee Keat

5 hrs ·

This robotic arm uses AI to detect anomalies and defects and identify product quality issues.

(MCI Photo by Lim Sin Thai)

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Heng Swee Keat

5 hrs ·

Checking out IBM’s Envizi Sustainability Performance Management platform which automates the collection and consolidation of more than 500 data types and supports major, internationally recognized Environmental, Social, and Governance reporting frameworks.

As more companies strive to operate in a more sustainable and socially responsible manner, this platform will help to demonstrate and present their progress to regulators, investors and consumers.

(MCI Photo by Lim Sin Thai)

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Heng Swee Keat

6 hrs ·

Learned about homomorphic encryption — a form of encryption with an additional evaluation capability for computing over encrypted data without access to the secret key — from Temasek Polytechnic students Russell and Darren today.

(MCI Photo by Lim Sin Thai)

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HSK congratulates Her Majesty Queen Elizabeth II. :wink:

Heng Swee Keat is with Dr Tony Tan.​

13 hrs ·
My heartiest congratulations to Her Majesty Queen Elizabeth II on this joyous occasion of her Platinum Jubilee! Celebrated this significant occasion at Eden Hall, the official residence of the British High Commissioner in Singapore.
One manifestation of the deep and long ties between our two countries is the iconic heritage buildings constructed during the British period, including Eden Hall, which was built in 1904.
But the most important legacies are the constitutional, administrative, and judicial systems that the British built, as well as the use of the English language. These continue to be pillars of strength for Singapore even as we evolve them to suit our local context.
Singapore and the UK not only share a strong historical past, but we also have much in common as we look to the future. As we celebrate Her Majesty’s Platinum Jubilee, I have every confidence that our partnership will continue to grow from strength to strength.
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Heng Swee Keat

13 hrs ·

Today, Eden Hall is the official residence of the British High Commissioner in Singapore but back in the 1900s, the Hall was built for hotelier and rice merchant Ezekiel Saleh. He then sold it to the British government.

We witnessed our Gurkha Contingent from the Singapore Police Force playing pipes and drums to commemorate the occasion.

(MCI Photo by Betty Chua)

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Heng Swee Keat

14 hrs ·

Good to meet and catch up with former UK Prime Minister Tony Blair. He shared that he made one of his very first speeches as Leader of the Opposition at Eden Hall.

(MCI Photo by Betty Chua)

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Heng Swee Keat

15 hrs ·

The Buglers from the Singapore National Cadet Corps Command Band performing during the sunset ceremony.

(MCI Photo by Betty Chua)

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HSK celebrates Police Day! :biggrin:

Heng Swee Keat

4 hrs ·
Happy Police Day to all our men and women in blue!
‍♀️
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I was recently honoured to receive the Singapore Police Bicentennial 2020 Medallion from Commander of Bedok Police Division, Heng Chih Yang. It was given out by the Singapore Police Force to former police officers in recognition of their contributions.
During my time in the SPF, I fondly remember presenting plaques to thank members of the public for their acts of bravery and civic mindedness. This was a result of our policing strategy — when we adopted the Neighbourhood Police Post system, modelled after the Japanese Koban system. Our policing system has evolved over the years and today, Singapore is widely regarded as one of the safest countries in the world.
It has been an honour to serve in Blue. To our officers — thank you for your continued dedication to serve and protect us!
 

Heng Swee Keat

4 hrs ·

I enjoy presenting awards or plaques to others at events, but it felt good to be on the receiving end this time! Honoured to receive the Singapore Police Bicentennial 2020 Medallion from Commander of Bedok Police Division, Heng Chih Yang.

(MCI Photo by Betty Chua)

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Heng Swee Keat

4 hrs ·

With the team (of police officers and civilian officers) from the Bedok division!

(MCI Photo by Betty Chua)

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HSK had a good laugh. :laugh:

Heng Swee Keat

Yesterday at 20:26 ·

Had a good laugh with officers and reminisced about what it was like to be in the Force back then. I joined the Singapore Police Force 15 years after our independence, and served for 17 years. Back then, we typed out reports on manual typewriters, and we’d have to rummage through physical copies of criminal records instead of calling up softcopy files at a touch of a button that we do today!

(MCI Photo by Betty Chua)

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