Singapore Morning News For June 1

Singapore Morning News For June 1

Singapore morning news

Moody’s revises outlook for Singapore banks to stable
Moody’s Investors Service has upgraded its outlook to stable from negative for Singapore’s banking system, in a research report released yesterday.
Today Online 

Bank of Singapore to Keep Hiring in Hunt for Growth, CEO Says
Bank of Singapore, which recently broke into the ranks of Asia’s top 10 private banks, intends to keep hiring more relationship managers and focus on serving a wealthier bracket of customers to keep expanding its assets under management.
– Bloomberg

Exemption is unfair, say some carmakers and dealers
A number of carmakers and dealers are crying foul over a surprise move to exempt some models from getting particulate matter (PM) readings.
– The New Paper

Pay rise of $45 to $60 advised for low-wage workers
Low-wage workers should be given a raise in monthly pay of between $45 and $60 this year, said the National Wages Council (NWC).
The New Paper 

IMDA and SGX to help tech companies list in Singapore
The Singapore Exchange (SGX) and Infocomm Media Development Authority (IMDA) signed a partnership on Wednesday (May 31) to create a platform for fast-growing technology companies to access capital markets in the Republic for business expansion.
Today Online

Singapore’s Central Bank Concludes Distributed Ledger Trial
The Monetary Authority of Singapore has collaborated with several industry partners on “Project Ubin” – a distributed ledger trial that utilized digital tokens tied to national currency.
– ETH News

Singapore notches new peak in top cities ranking
SINGAPORE has jumped two spots to rank sixth in AT Kearney’s Global Cities Index 2017 findings which were released on Wednesday.
The Business Times 

Bank of Singapore CEO Bahren does not rule out running for President
Speaking for the first time on the prospect of running for President, Bank of Singapore chief executive officer Bahren Shaari on Wednesday (May 31) did not rule himself out of the coming election.
Today Online 

Sino-Singapore food park signs two new deals
the Sino-Singapore Jilin Food Zone has signed two deals that will boost efforts to produce safe, high-quality products to be exported between the two countries.
Food Navigator-Asia 

Over 2 in 5 workers are willing to trade higher pay for flexi-time
Singaporeans workers are willing to accept less pay in exchange for flexible working hours, the Robert Half Salary Guide for 2017 revealed.
Singapore Business Review 

Singapore’s Central Bank Concludes Distributed Ledger Trial
The Monetary Authority of Singapore has collaborated with several industry partners on “Project Ubin” – a distributed ledger trial that utilized digital tokens tied to national currency.
ETH News 

SGX lures tech sector, but getting firms to byte will be tough: observers
THE aggressive wooing of the technology sector by Singapore Exchange (SGX) holds promise, but consummating these partnerships will be challenging, say observers and industry stakeholders.
The Business Times 

From shopping mall to office block: Singapore’s micro-farms
Just 25 “micro-farms” could stimulate an agricultural economy in Singapore and produce some 750 tonnes of vegetables a year.
Food Navigator-Asia 

Singtel Innov8 leads $20m Series D in CounterTack
Cybersecurity firm CounterTack has closed a $20 million Series D round led by new investor Singtel Innov8, the corporate venturing arm of the Singtel Group, and SAP National Security Services (SAP NS2), a division of German software major SAP.
– Deal Street Asia

Novacap prepares to open new sodium bicarbonate plant in Singapore
Novacap is preparing to open a stand-alone sodium bicarbonate plant in Singapore to help the French firm expand across the food, feed, pharmaceutical and health care industries in APAC.
Food Navigator-Asia 

HRnetGroup to conduct $124.6m listing on SGX
Singapore-based recruitment firm HRnetGroup has lodged a preliminary prospectus for a listing on the SGX Mainboard that will see it raise up to S$175 million ($124.6 million).
– Deal Street Asia

Bad weather hurts veg import prices in Singapore
Bad weather in neighbouring countries have hit the import prices of some vegetables hard, said some importers in Singapore. They told The New Paper that they have seen a dramatic increase in the import prices since last week.
Fresh Plaza 

Applications for Presidential Election to open Jun 1
Applications for the 2017 Presidential Election certificates will open on Thursday (Jun 1), the Elections Department (ELD) announced on Wednesday.
Channel NewsAsia 

Misa Travel’s licence revoked as it is unable to fulfil obligations to customers: STB
Local company Misa Travel had its travel agent licence revoked on Wednesday (May 31), the Singapore Tourism Board (STB) confirmed in a media advisory on the same evening.
Channel NewsAsia 

 

Feature photo Leakhena Khat
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Leakhena Khat

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.

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