S'pore plans $50m shipping system overhaul
SINGAPORE - The Government is investing up to $50 million (US$29 million) to overhaul the computer systems used by the shipping industry in the Republic, Dr Lee Boon Yang, Minister for Information, Communications and the Arts said on Tuesday.
The funds will be used over five years to boost efficiency by tying together disparate government-linked networks, he said.
Dr Lee said at an industry conference: 'More efficient information flows among shippers, freight forwarders, carriers and financial institutions will facilitate the flow of goods within, through and out of Singapore.'
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