Singapore Morning News For April 14

Singapore’s property prices to double by 2030: Morgan Stanley
The protracted downtrend in Singapore’s property market is poised to end next year, with home prices set to double by 2030, Morgan Stanley said in a Wednesday note.
— CNBC

Singapore office rents under pressure
Office rents in Singapore’s central business district eased 1.2 per cent to S$8.90 (Bt220) per square foot a month in the first quarter of this year, while retail rents show signs of stabilising despite challenges, a property consultancy says.
– The Nation

Singapore stocks lead Southeast Asia fall
Southeast Asian markets ended in negative territory on Thursday, with Singapore leading the pack as the city-state’s central bank cautioned about the global economic growth, signalling a reluctance to tighten policy anytime soon.
— Bangkok Post

MOUs for financial collaboration
NINE MEMORANDA of understanding were signed on Tuesday by Singapore and Shanghai financial institutions to deepen cooperation.
– The Nation

Singapore: SGX partners SPDB; CITIC Envirotech secures $2.9b credit
The SGX has partnered with Shanghai Pudong Development Bank (SPDB) to deepen capital market ties between Shanghai and Singapore, while CITIC Envirotech has secured credit facilities to fund growth.
— Deal Street Asia

Fund managers oppose dual-class shares plan in Singapore
International investors including BlackRock Inc and the Ontario Teachers Pension Plan have voiced their concerns about moves to allow dual-class share listings in Singapore, saying they risk damaging the city’s stock market and harming the region.
— The Straits Times

iCandy completes acquisition of SG mobile game company Inzen
Smartphone entertainment firm iCandy Interactive Ltd has completed the acquisition of Singapore-headquartered Inzen Studio Pte Ltd, a mobile game company and eco-system connector.
— Deal Street Asia

Singapore stocks close week lower as geopolitical uncertainty rises
LOCAL stocks spent the week tracking swings in the Dow futures and on Wall Street, which in turn were dictated by geopolitical risk concerns. The main source of this risk was developments first in Syria where the US launched missile attacks, then the Korean peninsula, where tensions are running high after the US despatched aircraft carriers there this week in an apparent show of force to Pyongyang after the latter’s explicit statements about nuclear weapons and the likelihood of using them.
— The Business Times

Singapore readies itself for truck-to-ship LNG bunkering
SINGAPORE took another step to ready its infrastructure for the supply of liquefied natural gas (LNG) as marine fuel with the launch on Wednesday of its first truck-to-ship LNG loading facility at Singapore LNG Corporation’s (SLNG) terminal.
— The Business Times

NUS researchers invent way to ‘teleport’ drinks over the Internet
While the act of physical teleportation remains in the realms of sci-fi, National University of Singapore (NUS) researchers have now developed a way to transmit a drink over the Internet — or at least replicate the taste of a particular drink from anywhere, at any moment on the planet.
— Today Online

New office to help get Singapore ready for digital society
The digital readiness programme office is just one of the initiatives revealed during the Ministry of Communications and Information’s workplan seminar for the year.
— Channel NewsAsia

Prisons tap technology for tailored rehab efforts
Prison officers will increasingly be less occupied with watching over their charges and focus instead on “higher-order” work, geared towards rehabilitating prisoners, as the Singapore Prison Service (SPS) taps technology to automate processes.
— Today Online

Star Wars fest to kick off Disney partnership with STB
A Star Wars festival to be held at Gardens by the Bay next month will kick off a three-year partnership between the Singapore Tourism Board (STB) and The Walt Disney Company South- east Asia to bring themed events and activities here.
— The Straits Times

Ahead of 2G shutdown, most users ready for 3G
Around two-thirds of those who use Singapore’s 2G mobile network have switched to 3G, the Migrant Workers’ Centre (MWC) said yesterday, just days before the gradual shutdown of the 2G network is completed next Tuesday.
— The Straits Times

Beware of calls from ‘+65 6391 6100’ impersonating immigration officers
Received a call from “+65 6391 6100” recently with the caller purporting to be from the Immigration and Checkpoints Authority (ICA)?
— Today Online

Corruption cases in Singapore at record low in 2016
SINGAPORE’S CORRUPT Practices Investigation Bureau said cases registered for its investigation hit the lowest last year.
– The Nation

Feature photo Jason Goh
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Singapore Morning News For April 14 added by Stella-maris Ewudolu on April 14, 2017
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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.