Singapore Morning News For April 25

Singapore Morning News For April 25

Singapore morning news

Singapore: SeedPlus reaches final close of first fund at $17.9m
Singapore-based SeedPlus Fund I has reached its final close – surpassing the targeted S$25 million ($17.9 million) – with backing from Cisco Investments, the investment arm of Cisco Systems Inc., and Eight Roads Ventures, the proprietary investment arm of Fidelity International Limited.
— Deal Street Asia

AEM’s Q1 profit surges to S$4.1m
MAINBOARD-LISTED AEM Holdings saw a 17-fold jump in its net profit from a year ago to S$4.1 million in the first quarter of 2017, the company said in a Singapore Exchange filing on Tuesday.
— The Business Times

Public-private partnerships to spur local manufacturing
Research in the manufacturing industry was a bright spot last year, with more than half of the projects undertaken by the Agency for Science, Technology and Research (A*Star) related to the sector.
— The Straits Times

Consumer prices in Singapore rise for fourth straight month in March
Consumer prices rose for the fourth consecutive month in March, again mainly led by the increase in private road transport costs.
— Today Online

Government portals among 9,000 regional servers hit by malware: Interpol
A cybersecurity operation run out of the Interpol Global Complex for Innovation (IGCI) here has uncovered some 9,000 malware-laden servers and compromised websites in the Asean region, including government portals.
— The Newpaper

Singapore shares open marginally up on Tuesday
SINGAPORE shares opened higher on Tuesday with the benchmark Straits Times Index up 1.66 points, or 0.05 per cent, to 3,145.69 at 9.03am.
— The Business Times

Singapore aims to build more efficiently using new technology
Singapore hopes to multiply the number of buildings it will churn out using more efficient techniques requiring fewer workers.
— The Newpaper

Singapore developing 2 new digital platforms for maritime sector
TWO new platforms are being developed to help ensure Singapore’s maritime sector is ready for digital transformation.
— The Business Times

Prime also looking to grab SMRT’s taxi business
Ride-hailing app provider Grab’s offer to buy SMRT’s taxi business has sparked the interest of at least one other bidder which is looking to enlarge its presence in Singapore’s burgeoning cab industry.
— The Newpaper

Credit quality of Singapore firms largely unchanged over the past year: SCCB
THE credit quality of Singapore firms has remained largely unchanged over the past year, the Singapore Commercial Credit Bureau (SCCB) said on Tuesday.
— The Business Times

IPG mediabrands launches Ansible in Singapore
Ansible Singapore will be driven by Yi Liang Lim who will report to Jacob Teo, head of digital for IPG Mediabrands Singapore. Teo leads a team of digital specialists who have worked with companies such as Johnson & Johnson, Cerebos, Cathay Pacific, Tourism Australia, Sony Pictures, ExxonMobil and PCCW and more.
— Marketing Interactive

Singapore serves up feast of pan-regional Chinese cinema
In a country where the staple cinematic diet is mainstream blockbusters, the Singapore Chinese Film Festival is slowly establishing itself as a refreshing alternative by offering cinema-goers bold, experimental and thought-provoking Chinese-themed films.
— Asia Times

New Singapore offensive against money laundering, terrorism financing
The Singapore authorities and government bodies are going on the offensive against money laundering and terrorism financing with a new partnership.
— The Straits Times

Construction projects using new technologies to quadruple by 2020
If construction projects in Singapore continue to remain manpower-intensive, plans in the pipeline, including more flats, hospitals and MRT lines, could be hindered, warned National Development Minister Lawrence Wong yesterday.
— Today Online

Commercial vehicle prices set to tumble
Commercial vehicle prices are set to tumble due to a six-time increase in the Certificate of Entitlement (COE) supply for vans, trucks and buses.
— The Newpaper


Feature photo Suman76
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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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