Singapore Morning News For June 19

Consumer prices expected to rise 0.9% this year
Whilst inflation is set to 1.5%. Economists surveyed by Monetary Authority of Singapore (MAS) expects consumer price index to show a measly 0.9% growth this year, moderating from their consensus of a 1% expansion in the previous survey.
– Singapore Business Review

Singapore property stock may build on best rally in five years
Singapore property stocks are set for their best annual performance in five years, and strategists believe the rally is far from over.
– Today Online

Construction industry faces tough times
Push for new tech, dwindling contracts, competition from overseas among the woes
– The Straits Times

Budget airlines woo travellers with added frills
When it comes to filling seats, budget airlines have given legacy carriers a run for the money, by offering steep discounts and promotional fares.
– Today Online

Could redevelopment deals spur recovery in housing market?
Four deals have already been struck this year.
– Singapore Business Review

GoSpree app offers GSS discounts
The GoSpree app is an initiative by the Singapore Retailers Association (SRA) to boost sales during the annual shopping festival, which has been faltering in recent years.
– The New Paper

Go-Jek rides into Singapore with data science office
Indonesian ride-hailing firm Go-Jek – whose name is derived from ojek, the Indonesian term for the motorcycle taxis which it operates – has arrived on our shores.
– The Straits Times

Asia’s theme park hunger prompts Aecom to offer new service
ASIA is getting more serious about having fun, and that’s prompting multinational engineering and infrastructural services firm Aecom to come up with a new service for aspiring theme park operators.
– The Business Times

CIC in exclusive talks with Indosuez Wealth Management to sell private banking units in Singapore and Hong Kong
French financial services firm Crédit Industriel et Commercial (CIC) says it has entered into exclusive discussions with Indosuez Wealth Management to sell its private banking activities in Singapore and Hong-Kong.
– The Edge Markets

E-sports brand Razer eyeing expansion in Chinese market
LEADING global gaming lifestyle brand Razer is eyeing expansion in the Chinese market and exploring new mobile devices for gamers, said the company’s Singaporean co-foun-der and CEO Tan Min-Liang.
– The Business Times

Singapore: GIC commits up to $100m to hedge fund Lauro Asset Management
Singapore’s sovereign wealth fund GIC has committed $100 million to a hedge fund started by former employee David Mercurio.
– Deal Street Asia

LATTICE80 appoints ex-Singapore MD of ANZ Bank as adviser
LATTICE80, the world’s largest fintech hub and wholly-owned and run by Singapore-based private investment firm Marvelstone Group, has appointed banker Vinay Agrawal to its board of advisers.
– The Business Times

Shopmatic Raises Series AA Funding of $5.7 million from ACP, SPRING SEEDS Capital and Others
Shopmatic, a Singapore-based e-commerce company providing a platform for merchants and individual entrepreneurs to sell online, has raised $5.7 million of Series AA funding led by ACP Pte Ltd, a technology focussed Venture Capital firm, and SPRING SEEDS Capital Pte. Ltd, the investment subsidiary of SPRING Singapore.
– BW CIO

Shophouses opposite Bugis Junction up for grabs
Three adjoining corner conservation shophouse units nestled within the Bugis area are up for sale for interested parties, Colliers International announced.
– Singapore Business Review

More local law firms willing to take in trainees, but without pay
FOLLOWING the glut of law graduates in Singapore, more local law firms are taking in practice trainees who are unable to secure placements elsewhere – on the condition that they do not receive an honorarium during their stint.
– The Business Times

Never too young to be money smart
It is never too young to start thinking about running a business or managing money.
– The Straits Times

Meet Anna Haotanto, The Fintech Queen of Singapore
Singapore is one of the leading hotspots for financial tech thanks to flexible regulation plus national initiatives to fund startups and integrate blockchain innovation into the local economy.
– International Business Times

Bold steps needed for S’pore’s aviation sector to keep flying high
Thailand, Malaysia and Indonesia all want a share of the pie. Singapore cannot compete on cost, so it must find new ways to be better and faster.
– The Straits Times

Feature photo Leakhena Khat
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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.