Singapore Morning News For April 24

Singapore Morning News For April 24

Singapore morning news

Singtel units ink agreements for S$4.1b credit facilities with banks
SINGAPORE Telecommunications’ (Singtel) subsidiaries have inked agreements for credit facilities amounting to S$4.1 billion for general corporate purposes and refinancing of existing facilities, it said in a Singapore Exchange filing on Monday.
— The Business Times

Raffles Medical Q1 profit climbs 0.1% to S$15.5m despite lower revenue
RAFFLES Medical Group recorded S$15.5 million net profit in its first quarter, up 0.1 per cent from the same period a year ago, the group said in a Singapore Exchange filing on Monday morning.
— The Business Times

Sanitary plumbers to be licensed from April 2018
All sanitary plumbers will need to be licensed from Apr 1, 2018, PUB said on Monday (Apr 24).
— Channel NewsAsia

Changi Airport handled 5.11m passengers in March
A total of 5.11 million passengers passed through the doors of Changi Airport in March this year, a 4.3 per cent year-on-year increase, the Changi Airport Group (CAG) said on Monday (Apr 24).
— Channel NewsAsia

Retail brands from China defying stereotype to set up shop in Singapore
When Chinese sportswear brand Li Ning set up shop in Singapore in 2009, it took one month to sell its first badminton racket.
— The Jakarta Post

US buyout firm Varde to double APAC staff in distressed debt push
Varde Partners, the $12 billion U.S. buyout firm and distressed-debt investor, plans to double its Asia-Pacific staff in coming years as ballooning corporate debt offers investment opportunities, new regional head Ilfryn Carstairs said.
— Deal Street Asia

Singapore telco M1 approaches China Mobile, PE firms for stake sale
Top shareholders in Singapore telecoms company M1 Ltd have approached potential buyers China Mobile and global private equity firms, among others, to sell their combined majority stake in the firm, sources familiar with the matter said.
— Deal Street Asia

DeClout’s unit launches incubator arm to groom local ICT startups
CATALIST-LISTED DeClout Limited’s subsidiary DeClout Investments has launched an incubator arm to groom high-growth local startups from the information and communication technology (ICT) sectors, it said in a Singapore Exchange filing on Monday.
— The Business Times

More needs to be done to attract foreign maids
With more than 300,000 foreign maids needed in Singapore by 2030, the country has to step up its game if it wants to meet this projected demand, Centre for Domestic Employees (CDE) chairman Yeo Guat Kwang said yesterday.
— The Newpaper

Mobike to launch 1,000 parking zones this year
Bike-sharing platform Mobike expects to add up to 1,000 bicycle parking zones here by the end of the year.
— The Newpaper

Lippo’s Gentle Care in deal to buy S$15m of Gateway’s S$60m convertible notes
IPPO-LINKED Gentle Care has made an official cash offer to acquire all of Gateway Partners’ S$60 million convertible notes at S$0.042 per share, in line with its intent as stated in previous announcements.
— The Business Times

Data to help Government plan for disability services in Singapore
For years, no one has known with certainty just how many people with disabilities there are in Singapore. But this will change with a census that will be conducted in 2020.
— The Newpaper

AGV Group wins new projects totalling 29,000 tonnes of steel and iron
CATALIST-LISTED AGV Group Limited, which provides hot-dip galvanising services in Singapore and Malaysia, has clinched new contracts to galvanise some 29,000 tonnes of steel and iron for public and private sector projects, including Seletar Airport and a mega oil refinery in Johor, it said in a Singapore Exchange filing on Monday.
— The Business Times

Singapore Stock Market May Be Stuck In Neutral
The Singapore stock market has ticked higher in consecutive trading days, gathering more than a dozen points or 0.4 percent along the way. The Straits Times Index now rests just beneath the 3,140-point plateau, although the rally may stall on Monday.
— Nasdaq

Singapore shares open 0.4% higher on Monday
SINGAPORE stocks rose on Monday morning with the benchmark Straits Times Index up 12.13 points, or 0.39 per cent, to 3,151.96 as at 9.05am.
— The Business Times

Lazada, Uber And Netflix Team Up In Singapore
Southeast Asian online marketplace Lazada, owned by Alibaba, is joining forces with Uber and Netflix to launch a new digital loyalty program in Singapore.
— Which-50 (blog)


Feature photo Suman76  
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Singapore morning news by AEC News Today is your one stop source for Singapore news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.




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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.

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