The system is both a cost-saving tool and intended to encourage island companies to start doing business on the Net, the defense ministry claims. In many Asian countries, government initiatives often lead the way, with the private companies piggybacking on public infrastructure and market development. Singapore's legislature also is working on an electronic transactions law, which could be approved this year, according to Charles Lim, a senior official in the attorney general's office. It would include a commercial code for electronic transactions and cover regulatory and enforcement issues, such as how a contract can be formed electronically. Michael Yap, deputy head of the National Computer Board, said Singapore should capitalize on its strengths to form a predictable environment needed for e-commerce to thrive.
Suppliers also can check invoice status online and have payments transmitted automatically to banks.
It is open only to island suppliers at present. Then subscribe to the IAW E-Mail Alert. Openwave Be a part of the communications revolution. 810, the high-tech dream machine. Ziff Davis Media.