Singapore Morning News For April 27

Singapore Morning News For April 27

Singapore morning news

New S$1 billion innovation fund to drive enterprise growth
The Intellectual Property Office of Singapore (Ipos) and home-based private equity firm Makara Capital launched a S$1 billion fund on Wednesday (April 26), with aims to invest in companies with strong intellectual property focus, to help them expand into global markets after their initial start-up phase.
— Today Online

International tourists spend most in Singapore among APAC destinations in 2016: Report
International tourists spent the most in Singapore among Asia Pacific destinations last year, coming in ahead of other hotspots such as Bangkok and Tokyo, according to the latest findings from Mastercard released on Wednesday (Apr 26).

— Channel NewsAsia

Singapore ranked world’s top maritime capital, but another city is quickly on the ascent
Singapore has emerged as the world’s top maritime capital in a report launched Wednesday, by Norwegian consulting firm Menon Economics.

Manufacturing output expands in March
Manufacturing output rose 10.2 per cent last month, beating economists’ expectations of a slower pace of expansion after February’s double-digit growth.
— Today Online

Commercial vehicles’ COE prices lowest in 6 years
Certificate of Entitlement (COE) prices for commercial vehicles tumbled to their lowest in almost six years at the wrap of the latest bidding exercise on Wednesday (April 26), the last before a bumper supply of COEs for this category of vehicles kicks in next month.
— Today Online

Explosive electronics demand expected to propel Q1 GDP growth
SUSTAINED strong demand for electronics in the region has led to a faster-than-expected expansion in Singapore’s manufacturing output – and potentially its economy.
— The Business Times

China coal miner vying for Singapore mobile carrier M1
A coal producer based in China’s Shanxi province and China Broadband Capital are among bidders for US$1.4 billion Singapore wireless carrier M1 Ltd, according to people with knowledge of the matter.
— The Business Times

TransferWise sets up Asia-Pac hub in Singapore
TRANSFERWISE, a remittance start-up valued at more than US$1 billion, on Thursday said Singapore will be its Asia-Pacific hub, with the firm already having offices in Sydney and Tokyo. The company expects to have 30 people in Singapore by the end of 2017.
— The Business Times

TransferWise Expands Money Remittance Service to Singapore
TransferWise Ltd., the London-based startup backed by investors including Peter Thiel’s Valar Ventures and Andreessen Horowitz, is bringing its international money transfer service to Singapore, aiming to shake up banks’ dominance of the market.
— Bloomberg

Immersive ‘Downton Abbey’ Exhibition Tour to Begin in Singapore
NBCUniversal International Studios and Imagine Exhibitions announced Wednesday the June 17 launch of “Downton Abbey: The Exhibition” at Marina Bay Sands in Singapore.
— Variety

Singapore invests in regional talent development
The Singaporean government has announced two initiatives to fund internships for its students in Southeast Asia and India, in a drive to develop talent to fuel the growth of Singaporean businesses in the region.
— The PIE News

New troop to shore up public order operations
If another riot were to break out here, the police would be better equipped to handle it. This is because of the new police national servicemen Public Order (PNSmen PO) Troop
– The New paper

Govt probing dumping of chemicals from Indonesia, Thailand, Saudi, Malaysia
The government has initiated a probe on the alleged dumping of a chemical used in pharmaceutical and agriculture sector from Indonesia, Malaysia, Thailand and Saudi Arabia.
– The Hindustan Times

Catalist index up 16% since January
At first glance, it is puzzling to think that a China-based dental services firm, a large-scale concert organiser and a local coffee shop chain would have anything in common.
— The New Paper

Singapore invests in regional talent development
The Singaporean government has announced two initiatives to fund internships for its students in Southeast Asia and India, in a drive to develop talent to fuel the growth of Singaporean businesses in the region.
– The Pie News

Probability of getting in a car accident in Singapore
Singapore is known for its law abiding citizens and high safety standards. But are Singaporeans also safe drivers? How safe is it to drive in Singapore, and how does driving in Singapore compare with other countries? The ValuePenguin team took a look at official traffic accident statistics from Singapore and other countries around the world to answer this question.

Made-in-Singapore VR whisky tasting experience to tour US
A Singapore-based independent studio’s virtual reality whisky-tasting is gearing up to tour the United States following a successful launch in Asia last year.
– Mumbrella Asia

Raffles Medical Group’s staff cost falls 1% in Q1
Whilst Raffles Medical Group saw a drop in revenue for Q1, down 1.7% to $114.9m, it did manage its cost well, pushing net profit up 0.1% to $15.5m
– Singapore Business Review

Why CapitaLand needs to be more aggressive in replenishing its land banks
CapitaLand is now on the prowl for opportunities across Singapore, China, and Vietnam, as it recorded strong residential sales in the said areas.
– Singapore Business Review

Suntec Real Estate Investment Trust’s Latest Earnings: DPU Rises 2.3%
Yesterday, Suntec Real Estate Investment Trust (SGX: T82U) released its 2017 first quarter earnings report. The reporting period was from 1 January 2017 to 31 March 2017.
– The Motley Fool

Singapore hotels a bane for CDL Hospitality Trust
Whilst CDL Hospitality Trust (CDHLT) posted a healthy net property income for the past quarter, up 6.4% to $35.9m, it has continually faced challenges with its Singapore portfolio. –
– Singapore Business Review

First batch of public order police to be formed by Sept next year
The inaugural batch of public order troops comprising police national servicemen will be formed by September next year, and they will be fully rolled out by 2023, the police announced on Wednesday (April 26).
– Today Online

Singapore Banks’ Hong Kong Envy
Stable oil prices are fine, and a recovery in the Baltic Dry Index can’t hurt. But seriously, how long can Singapore’s banks remain hostages of the island’s shipping and offshore marine services industry?
– Bloomberg Gadfly

According to Anthony Bourdain, Changi Airport’s secret staff canteens have the best airport food
We’ve all heard TV host/food connoisseur Anthony Bourdain express his disgust for airplane food — which is quite a big deal, coming from the man who’s spent years travelling across the globe to try all kinds of weird and wonderful cuisines. But in a recent interview with The New York Times, the host of CNN‘s Parts Unknown — who lives out more than 200 days on the road each year — revealed that he’s “tragically familiar with the offerings at just about every airport in the world.”
– Coconuts Singapore


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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