Singapore Morning News For July 13

Singapore Morning News For July 13

Singapore morning news

Singapore to ramp up global aviation training, research
Singapore on Wednesday (Jul 12) inked an agreement with the International Civil Aviation Organization (ICAO) to ramp up global aviation training and research.
Channel NewsAsia 

Singapore banker admits to money laundering in 1MDB-linked case
Yeo Jiawei, a former banker serving the longest jail term in Singapore’s probes linked to 1Malaysia Development Bhd., admitted to money laundering.
DealStreetAsia 

S’pore pledges cooperation with Indonesia to tackle haze
Ahead of the need for continued vigilance in the upcoming dry season, Environment and Water Resources Minister Masagos Zulkifli has told Indonesian leaders that Singapore is committed to help combat fires should the need arise.
Today Online 

Singapore: Vertex Ventures invests $2m in Turnkey Lender
Turnkey Lender, a cloud- based loan management system, has raised $2 million venture investment from Vertex Ventures.
DealStreetAsia 

Stronger IPO flows in Asean seen for 2nd half of the year
SOUTH-EAST Asia may see more initial public offering (IPO) activity in the second half of the year amid rising business confidence in this part of the world, top bankers told The Business Times.
The Business Times 

Gaming firm Razer eyes $5b valuation in Hong Kong IPO
Razer Inc. is shooting for a Hong Kong initial public offering that could value the gaming gear maker at as much as $5 billion and help fund development of its own mobile phone, people familiar with the matter said.
DealStreetAsia 

Singapore penthouse on sale for $72 million, a test for luxury market’s recovery
The asking price for a new three-storey Singapore penthouse, complete with a private pool on the 64th floor, has reached a dizzying $72 million.
Reuters 

Webchat channel aims to help youths overcome cyber-addiction
With young people facing cyber-addiction problems usually reluctant to seek help through face-to-face talks, a new webchat help channel was launched yesterday as an alternative counselling option.
Today Online 

MOM reveals foreign worker suicide rate
An average of 32 work permit holders – including foreign domestic workers – took their lives each year from 2014 to 2016, according to figures from Minister for manpower Lim Swee Say.
HRD 

MRT stations set to have 4,700 new bicycle parking lots by 2019
To accommodate Singapore’s growing cyclist population, almost 5,000 new bicycle parking lots will be installed at MRT stations by 2019.
Today Online 

Probability of 2015 haze repeat much lower this year: Asia Pulp and Paper official
The probability of a repeat of the 2015 haze is “much lower” this year, the newly appointed managing director for corporate affairs and sustainability for Indonesia’s largest pulp and paper group, Asia Pulp and Paper (APP), said on Wednesday (Jul 12).
Channel NewsAsia 

Public sector must be flexible, able to experiment: DPM Teo
The Public Service must be allowed to challenge the status quo so that it can respond quickly to the constantly changing environment, said Minister-in-charge of the Civil Service Teo Chee Hean yesterday.
Today Online 

Singapore’s Jumbo Seafood opens its first Beijing outlet
Jumbo Seafood, a popular dining outlet in Singapore, opened its first branch in Beijing on Wednesday (Jul 12).
Channel NewsAsia

Singaporeans make up two-thirds of infocomm sector manpower: Lim Swee Say
The infocommunications sector will play a key role as Singapore pursues its vision of becoming a Smart Nation, said Manpower Minister Lim Swee Say on Wednesday (Jul 12), which is why there is a need to develop human capital in this area.
Channel NewsAsia (video)

Cambodia bans sand exports after environmental group pressure
Cambodia has banned all sand exports on environmental grounds, the Ministry of Mines and Energy said on Wednesday (Jul 12), officially ending the sale of sand to Singapore which has for years used it to reclaim land along its coasts.
Channel NewsAsia 

CapitaLand, CCT, Mitsubishi to redevelop Golden Shoe for S$1.82b
CAPITALAND, CapitaLand Commercial Trust (CCT) and Mitsubishi Estate Co are redeveloping Golden Shoe Car Park in the heart of Singapore’s financial district into a mixed-use project for an estimated S$1.82 billion before acquisition costs.
The Business Times 

JV by Japan’s top shipping lines takes 50,000 sq ft at Marina One
OCEAN Network Express, the new joint venture of Japan’s “Big Three” shipping lines, is said to be taking up some 50,000 sq ft of office space at Marina One.
The Business Times 

This accounting genius cracked the code behind the success of Singapore’s best firms
Henry Tan is the managing director of Nexia TS Public Accounting Corporation. He is also the Chairman of Nexia China, serving clients in the areas of mergers and acquisition, and accounting and taxation advisory in Singapore and the region. Apart from this, he is also the Asia Pacific Chairman and an International Board member of Nexia International.
Singapore Business Review 

Record number of car owners extending COEs
Figures released by the Land Transport Authority showed that 14,343 car certificates of entitlement (COEs) were revalidated – or extended – from January to May.
The New Paper

 

Feature photo Tiberiu Ana
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).

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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Leakhena Khat

Leakhena Khat

Junior Journalist at AEC News Today
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 set.
Leakhena Khat

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