Singapore Morning News For June 8

Singapore Morning News For June 8

Singapore morning news

Singapore ranked 24th costliest city for expats
Singapore is now the 24th most expensive location in the world for expatriates, falling from 18th place last year. According to the latest Cost of Living survey published by ECA International, prices have risen Singapore since the last survey.
Singapore Business Review closes $10.1m Series B led by
Singapore-based online personal finance portal,, today announced that it has raised S$14 million ($10.1 million) in a Series B funding led by Inc.
Deal Street Asia 

Punggol Coast MRT Station to open in 2023, 7 years earlier than planned
With new housing estates and a 50ha mixed-use business district sprouting in Punggol North in a few years’ time, the authorities have brought forward the opening date of Punggol Coast MRT Station by seven years to beef up transport infrastructure in the area.
Today Online 

Singapore authorities ‘in touch’ with Thailand seeking return of StanChart robber
Authorities in Singapore “remain in touch” with their Thai counterparts regarding a request for the return of Standard Chartered bank robbery suspect David Roach.
Channel NewsAsia 

S’poreans unfazed by new M’sia tourist tax, citing favourable exchange rate
Frequent travellers to Malaysia shrugged off an impending tourist tax that Putrajaya is introducing from August on accommodation, saying the RM2.50 (S$0.80) to RM20 levy was negligible.
Today Online

The ‘silver hair’ market could boost Singapore healthcare sector
It would seem like the healthcare sector of Singapore will be getting a boost from the ‘silver hair’ market in the coming years.
Singapore Business Review 

Singapore Airlines CEO indicates possible job cuts ahead: Bloomberg
Singapore Airlines (SIA) may cut jobs as part of a business review after swinging to a surprise S$138 million net loss in its fourth quarter, a report cited CEO Goh Choon Phong as saying on Tuesday (Jun 6).
Channel NewsAsia 

Montessori opens its first preschool in Vietnam
Modern Montessori International (MMI), a company in Singapore that specialises in early childhood education, launched its largest overseas preschool campus in Binh Duong province, Vietnam, yesterday.
The Business Times

Singtel, SingPost launch e-waste recycling program
Singtel has teamed up with SingPost to launch a nationwide e-waste recycling program in conjunction with World Environment Day.
Telecom Asia 

Employees in Singapore lack the tools for effective collaboration
Employers in Singapore are not providing the right tools for employees to effectively collaborate and communicate internally across the organization, as well as externally with customers, according to Avaya.
Network Asia 

NTU tops NUS in university rankings for first time
The Nanyang Technological University (NTU) has overtaken the National University of Singapore (NUS) for the first time as Asia’s top university, achieving the highest position ever for a varsity here, in a global ranking published today.
Today Online 

Canopy bridge, mazes among features at Changi Airport’s S$1.7 billion Jewel
Visitors to Jewel at Changi Airport will be able to walk on sky nets suspended 25m above the ground and look all the way down from the fifth floor, when the Canopy Park opens in early 2019.
Today Online 

Abu Dhabi petroleum port eases limits on oil tankers sailing to and from Qatar
Abu Dhabi petroleum port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday.
Today Online 

Singapore uses app-based shuttle services to serve less dense areas
Singapore has implemented app-based shuttle services to serve areas with a limited number of passengers.
The Jakarta Post 

MAS proposes moves to support growth of robo advisory firms
LOW-COST, efficient portfolios for retail investors willing to take the digital or robo advisory route could soon become more widespread.
The Business Times 

Long confiscation of phones not uncommon in schools here
Most schools here impose strict rules on mobile phone usage in class, given that they can be a major source of distraction, and students may easily misuse phones for other purposes like circulating banned content in class.
The New Paper 

Pet farm owner fined $180k for failing to care for dogs
A dog breeder has been hit with a hefty fine for failing to ensure the well-being of eight breeding dogs under his care.
The New Paper 

Could Axiata turn out to be M1’s buyer?
M1’s valuation is likely to be at a good premium given the controlling block of up to 61% put up for sale by its major shareholders, RHB says in a report.
Singapore Business Review 

A Tour which is worth Spending On
Tired of your boring work schedule and looking for a relaxing vacation? Then look no further than Singapore. Singapore is a young country with a very diverse culture. It’s a highly urbanized country with various places to see and relax around. You can select various Singapore packages which fits your requirements.
Good Herald 

Fire breaks out at Tuas waste management plant
Two Singapore Civil Defence Force (SCDF) officers have been sent to hospital after fighting a fire at a waste management plant at Tuas on Wednesday.
Channel NewsAsia


Feature photo Leakhena Khat
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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