S'pore vies to be a recovery center<\/p>\n
Agence France-Presse, Singapore<\/p>\n
Singapore wants multinational corporations to use it as a base
\nto back up their data and communications systems in the event of
\na terrorist attack elsewhere, a government minister said
\nThursday.<\/p>\n
Staff critical to a company's operation would also be given a
\nplace to work under the plan, Trade and Industry Minister George
\nYeo said at the opening of Indian software company Satyam's (SAY)
\ndisaster recovery center.<\/p>\n
\"The threat of war and terrorism has increased the
\nvulnerability of information and business systems all over the
\nworld,\" Yeo said. \"Singapore is well-positioned to provide
\ndisaster recovery and business continuity services because of its
\nexcellent connectivity to all the major economic centers of the
\nworld.\"<\/p>\n
Already, companies like IBM, Citibank, Polaris, BNP Paribas,
\nNCS Pearson and Hewlett Packard Co. have established disaster
\nrecovery operations in the wealthy island nation, Yeo said.<\/p>\n
He said analysts were forecasting the Asia-Pacific market for
\nsuch services was expected to be worth more than US$1.3 billion
\nby 2006, growing more than 20 percent a year.<\/p>\n
As further incentive, Singapore has developed a new work
\npermit for disaster recovery staff to enter the country and
\nquickly begin work.<\/p>\n
Singapore has been commended by the U.S. and others for its
\nefforts to reduce the risks of a terrorist attack. The government
\nhas arrested 32 suspected terrorists since Dec. 2001 and shut
\ndown four cells belonging to Jemaah Islamiyah, an al-Qaida linked
\ngroup that has been blamed for bombings that killed more than 200
\npeople on the Indonesian island of Bali.<\/p>\n
The Sept. 11 terrorist attacks brought many Wall Street firms
\nto a halt for nearly a week.<\/p>\n
Although many have taken steps to prevent their operations
\nfrom shutting down again, the U.S. government's General
\nAccounting Office issued a report earlier this month saying that
\nbanks, brokerage firms, exchanges and clearing firms must improve
\ntheir disaster recovery planning.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/spore-vies-to-be-a-recovery-center-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}