Singapore Morning News For April 12

Singapore Morning News For April 12

Singapore morning news

Brexit Britain’s Singapore obsession
A pro-Brexit argument that always makes me giggle a little is that leaving the European Union will allow the UK to become the new Singapore. That’s right – the land of hope and glory, home to the world’s fifth-largest economy, wants to emulate its steamy little former colony, population 5.4 million.
— Financial Times

Banks in Singapore still flexing muscle in recruitment, employment
IT may come as a surprise to some that there are banks here that continue to hire and expand their headcount despite the rise in digitalisation and consolidation in the sector.
— The Business Times

Singapore’s GIC led first quarter sovereign investor deals
Singapore’s $344 billion GIC led the sovereign investor pack in the first three months of 2017, sealing two of the biggest investments of the quarter.
Deal Street Asia

Manulife Real Estate buys Singapore property
Manulife Real Estate, the global real estate arm of Manulife Financial Corp, said on Tuesday it acquired 8 Cross Street, a 28-storey office tower in Singapore, for US$526 million.
— The Business Times

Singapore, Germany Conclude Live-Firing Military Exercise
The Singapore Armed Forces (SAF) concluded a bilateral live-firing exercise with the German Armed Forces (Bundeswehr) last week as part of an annual bilateral military exercise and a demonstration of the growing defense ties between the two countries.
— The Diplomat 

Bosses in Singapore are paid more than their US counterparts
A new survey by benefits consultants Willis Towers Watson showed that for every US$100 that top management in the US earned in base salary in 2016, their counterparts in Singapore made US$132. Meanwhile the change in Singapore’s pay gap was minimal, rising from 6.3 in 2015 to 6.5 times last year.
— Singapore Business Review 

Crowe Horwath Singapore acquires Partners Capital
Crowe Horwath Singapore has acquired Partners Capital (Singapore) Pte. Ltd, a boutique corporate finance firm with a CMS license from the Monetary Authority of Singapore (MAS) since 2008.
— Deal Street Asia 

Singapore data startup Percipient closes $712k seed round
Singapore data technology startup, Percipient, has closed its seed funding round of S$1 million ($712,555), with participation from an influential group of individual investors. Among them are three US-based IT leaders, with long careers in Fortune100 financial services companies, the company said.
Deal Street Asia 

Banks move to replace physical dongles with digital tokens
More than a decade after banks in Singapore issued hardware tokens, two of the Big Three lenders are ditching the physical dongle, which customers have to carry around for on-the-go banking transactions.
Today Online 

Singapore consumers feel valued by local brands such as Robinsons and Cold Storage
Singaporean consumers feel that local brands value them more (26%) as opposed to international brands (19%) according to a study by ICLP.
— The Drum 

DBS to roll out digital tokens by next year
Singapore’s largest bank, DBS, is rolling out “soft” tokens for its 2.6 million online and mobile banking customers to replace hardware tokens.
The New Paper 

Decision final on not relocating Sungei Road flea market
The authorities reiterated yesterday that the Sungei Road flea market will not be relocated, even as a new group is petitioning to get the issue heard again in Parliament.
— The Straits Times 

Singapore to tackle urban issues with nationwide sensor network
Singapore is building a nationwide sensor network to analyze and share public data collected from public facilities and streets in a bid to strengthen facilitate date sharing among different public services, a key step required to transform the city state into the so-called Smart Nation and digital government amid growing urban life challenges.
— Pulse News 

Singapore provides unlikely UK model
In per-capita income, Singapore passed the UK in 2006, and the income gap has since grown by almost US$3,000 each year since then. Consumer-spending power is generally higher in Singapore, assuming residents do not try to buy a heavily taxed car.
— EurasiaTimes 

Fortune, Mapletree and Frasers are among best-value Singapore REITs
Fortune REIT, Mapletree Commercial Trust and Frasers Commercial Trust are among the best-value real estate investment trusts in Singapore, according to UOB Kay Hian Pvt.
— The Star Online 

Singapore scientists ‘turn’ water into lemonade using the power of the internet
Nothing beats an ice-cool refreshing lemonade on a hot day. But what if the only beverage you have is cold water?
— e27 

2 new Zika cases confirmed at Poh Huat Terrace, Terrasse Lane
Two cases of locally transmitted Zika virus infection have been confirmed at the Poh Huat Terrace and Terrasse Lane area near Hougang, said the National Environment Agency (NEA) on Tuesday (Apr 11).
— Channel NewsAsia


Feature photo Jason Goh  
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).


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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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