Singapore Morning News For June 30

Singapore Morning News For June 30

Singapore morning news

Singapore, Global Economy Will Be Able Adjust to Fed Hikes-MAS
The global economy should be able to adjust to rising U.S. interest rates but vigilance will be required as financial markets and households have become accustomed to ultra-loose monetary conditions, Singapore central bank’s managing director said on Thursday.
The New York Times 

Could Singapore be Thales’ Largest Repair Hub?
Singapore is well on its way to being the largest repair hub in the world for Thales, the company said. Its repair volume has increased by more than 30%, and it has recently expanded its facility in Changi.
Aviation Today 

S$150 million set aside to develop urban solutions for Cities of Tomorrow
The Government will set aside S$150 million for research and development of urban solutions, focusing on finding smarter ways to build and maintain infrastructure, creating new spaces for use, and a better living environment.
Today Online 

Housing costs spur 1.4% inflation growth
The 1.4% headline inflation in May due to the base effects relating to the disbursement of Service & Conservancy Charges (S&CC) rebates rose mainly on the back of higher housing and utilities costs.
Singapore Business Review 

SIA Engineering’s line maintenance service to grow 8%
SIA Engineering’s hopes for recovery may likely come only in the line maintenance service segment.
Singapore Business Review 

Digital tools help bus operators cut accidents, bad driving habits
Less than a year after adopting an app to track and assess driving behaviour, public bus operator Tower Transit said it has halved the number of “incidents” its bus drivers are involved in.
Channel NewsAsia

World’s first large-scale desalination plant for sea and freshwater to open in Singapore in 2020
The Republic’s first large-scale desalination plant that can treat both seawater and freshwater, which Keppel Infrastructure is building in Marina East, will begin operations in 2020, starting a new chapter in the nation’s journey to boost water resilience.
Today Online 

Property cooling measures still necessary: MAS
Property cooling measures are still necessary as the underlying demand for private homes remains firm amid continuing low interest rates and foreign investors seeking good yields, the Monetary Authority of Singapore (MAS) said on Thursday (June 29).
Today Online 

Banks, experts welcome loosening of rules for banks to invest in non-financial businesses
Imagine you are shopping online for home appliances – browsing and comparing different models on an e-commerce platform. Before you’ve even decided which models to buy, you could be offered a banking loan to finance your purchase.
Channel NewsAsia 

No change to US visa waiver policy for Singapore; rumours false: US embassy
The United States Embassy in Singapore on Thursday (Jun 29) debunked online rumours that US President Donald Trump had called off the Visa Waiver Program for Singapore passport holders.
Channel NewsAsia 

MND to launch new research programme
In the face of rising urban challenges such as climate change and limited land and energy resources, the Ministry of National Development (MND) yesterday announced a new research programme to find local solutions.
The New Paper

Del Monte Pacific partners with Fresh Del Monte Produce
Del Monte Pacific Limited (DMPL) announced that it has entered into a series of joint ventures with Fresh Del Monte Produce Inc. (FDMP) to expand its refrigerated offerings across all distribution and sales channels, and to develop a new retail food and beverage concept.
Singapore Business Review 

CDL Hospitality Trusts acquires German hotel for $153.8m
CDL Hospitality Trusts (CDLHT) acquired 94.5% stake of the Pullman Hotel Munich in Germany for around $153,8m).
Singapore Business Review 

Singapore: HNA Commercial REIT targets $561m fundraise via IPO
HNA Commercial REIT is expected to have an estimated issue size of S$775 million ($561.2 million) in its upcoming initial public offering (IPO) on the Singapore bourse. This is expected to be the largest IPO on the Singapore bourse this year.
Deal Street Asia

500 Startups & Wavemaker Partners back Aureso’s pre-Series A
Singapore-based automotive SaaS start-up Aureso has closed a pre-Series A funding round with a capital commitment that involves a “seven figure equity funding” from a group of investors including 500 Startups and Wavemaker Partners.
Deal Street Asia 

Financial sector jobs in focus as middleman role under threat
AS THE net new jobs created in the financial sector last year hit its lowest level since 2009, and some who have been laid off are struggling to find new jobs, the Monetary Authority of Singapore (MAS) is putting jobs and skills at the “front and centre” of its financial sector development.
The Business Times 

Cooling measures stay amid risk of spillover property demand
PROPERTY cooling measures remain “necessary” as there is a risk of pent-up demand spilling into Singapore if it eases rules now while other countries are tightening regulations on property investments.
The Business Times 

Commuters vent fury online as delays hit NSL for third day straight
Commuters vented their frustration on social media on Thursday morning (June 29) after the third straight day of train delays on the North-South Line (NSL), caused by a signalling fault at Woodlands MRT Station and a platform door fault at Bishan MRT Station.
Today Online 

MAS inks fintech deal with Denmark
The Monetary Authority of Singapore (MAS) and the Danish Financial Supervisory Authority (Danish FSA) signed a FinTech Co-operation Agreement which aims to help FinTech companies in Singapore and Denmark to expand into each other’s markets.
Singapore Business Review 

11 local eateries bag first Michelin star in 2017 guide
Eleven restaurants here have earned their first Michelin star in the second edition of the Singapore Michelin Guide, announced last night at a gala event at The Fullerton Hotel.
The New Paper

One case of active TB at [email protected]
A spokesman for the Health Sciences Authority (HSA) said one staff member tested positive for active TB in April.
The New Paper

Singapore’s firms keen to invest in various sectors in Pakistan
“Pakistan’s economy has been growing steadily over the last years and it is expected to become higher middle income country by 2015. The consumer market in Pakistan is growing at a very fast pace. With a fast growing middle class, increasing urbanization, a rising number of international brands, Pakistan is poised to become a major destination for international businesses.” This was stated by Nasrullah Khan, Pakistan’s High Commissioner to Singapore while addressing a Seminar -” Spotlight on Pakistan”, said a message received from Singapore.
Pakistan Observer 

Singapore, Indonesian police cooperating on Bedok double murder case
The police here are working with the Indonesian authorities in relation to the case involving two elderly couple who were murdered at their Bedok Reservoir flat last week.
Today Online 

Registration Open for Governor-led trade mission to Singapore and Vietnam
World Trade Center Utah is currently accepting registrants for the Governor-led Singapore and Vietnam Trade Mission, which will occur Aug. 25 through Sept. 3.
Utah Policy 


Feature photo tee_eric
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 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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