Singapore Morning News For May 11

Singapore Morning News For May 11

Singapore morning news

Singapore can ‘partner China in one belt one road initiativeAs a developed country not short of roads and ports, Singapore may not seem like a natural partner for China’s One Belt, One Road (Obor) initiative, for which infrastructure building is a key pillar.
– The Straits Times

New Silkroutes raises revenue forecast for oil trading in FY17
NEW Silkroutes Group (NSG) has raised its revenue forecast for oil trading by 29 per cent to US$400 million for its current financial year ending June 30.
— The Business Times

Nutrition and health claims to be prohibited on formula milk: AVA
Formula milk manufacturers will not be able to use nutrition and health claims, as well as images that make drinking formula milk look attractive, once changes to Agri-Food and Veterinary Authority (AVA) regulations take effect.
— Channel NewsAsia

Have fears of a rental meltdown in the office market finally subsided?
The office rental market has been stuck in the doldrums in the past months, and there has been an anticipation of a rental meltdown.
– Singapore Business Review

IT stocks here on hot streak
Singapore’s semiconductor manufacturing sector has been enjoying a rebound, thanks to a broad export recovery and improved global trade since the fourth quarter of last year.
– The Straits Times

CCS: 95% of buyers go for premium powder
Only 5 per cent of Singaporeans who bought milk powder in 2015 opted for standard brands over premium or speciality ones, the Competition Commission of Singapore (CCS) said yesterday.
— The Newpaper

Check out these soon-to-open co-working spaces in Singapore
Co-working spaces and serviced offices are growing in market share as they continue to expand and invest in properties in Singapore according to Collier’s Quarterly.
– Singapore Business Review

Accountants, bankers, lawyers, life science and IT professionals will be Singapore’s highest-paid this year: Survey
Accountants, bankers and professionals in the life sciences are tipped to be among the highest paid this year, according to a new report.
– The Straits Times

New online platform to offer home-care services for the elderly
Plans are afoot to launch a national online marketplace for eldercare services and products later this year, industry players told TODAY.
— Today Online

Tech-savvy leadership gives S’pore firms an edge over Hong Kong counterparts: study
SINGAPORE-listed firms are better prepared than their Hong Kong-listed counterparts in facing the technological tsunami that is affecting businesses across the globe because they have better tech-savvy leadership.
— The Business Times

Retail stocks show promise
Retail is not dead, at least for the mega companies listed on the Singapore Exchange (SGX).
— The Newpaper

The Trendlines Group posts S$1.7m Q1 loss
THE Trendlines Group sank deeper into the red in the first quarter ended March 31 with a S$1.7 million net loss, compared to a net loss of S$770,000 a year ago.
— The Business Times

Singaporeans spent more than three hours on mobile apps in Q1
The mobile app market in Singapore has grown in the past quarter ending in March, a recent study by App Annie shows.
– Singapore Business Review

MOH urges private hospitals to commit to breastfeeding push
Against the backdrop of concerns over rising costs of formula milk, the Ministry of Health (MOH) will encourage all hospitals — public and private — to provide more support for breastfeeding.
— Today Online

Navy to showcase stealth frigates, marine aircraft off coast of Singapore
The Indian Navy’s top-of-the-line stealth frigates and Boeing P-8I anti-submarine and maritime reconnaissance aircraft will take part in a six-day advanced exercise with the Singapore Navy from Malacca Straits to South China Sea this month. The exercise begins on May 18 and will continue till May 24 off the coast of Singapore.
— Hindustan Times

London-based Subsea 7 in advanced talks for stake in Singapore’s EMAS Chiyoda Subsea
London-based offshore contractor Subsea 7 is in advanced talks to invest in Singapore’s troubled EMAS Chiyoda Subsea, according to a recent plan of reorganization submitted to U.S. Bankruptcy Court.

Physical library loans fall as e-books gain popularity
Travel guides made up four out of the top five most-borrowed English books by adult users last year, behind Russell Lee’s The Almost Complete Collection Of True Singapore Ghost Stories, said the National Library Board (NLB).
— The Straits Times

Singapore set to offer land plots to encourage high-tech farming
The Singapore Government is all set to tender out new plots of land for productive and high-tech farming. According to a blog post by Minister for National Development Lawrence Wong, the agricultural lands will be tendered out with longer leases of 20 years instead of 10 as announced by the Agri-Food and Veterinary Authority of Singapore (AVA) in June 2016.
— International Business Times

Youth scheme raises $8m for charities
They are aged 15 to 25, with most yet to start their first job. But these young people have raised much awareness – not to mention millions – for charities here through a youth social entrepreneurship scheme.
— The Straits Times

Grace Fu launches Singapore Pavilion at Venice Biennale
The Singapore Pavilion at the 57th Venice Biennale, featuring a 17-metre ship made of rattan, string and wax, was launched by Minister for Culture, Community and Youth Grace Fu on Wednesday (May 10) in Venice, Italy.
— The Straits Times


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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.




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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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