Singapore Morning News For May 15

Singapore Morning News For May 15

Singapore morning news

S’pore malls among victims of global cyber attack
Friday’s cyber attack has hit 200,000 victims in at least 150 countries, including in the Republic, with the Cyber Security Agency of Singapore (CSA) reporting that there are retail malls known to be affected.
– Today

Singapore private home sales in April doubles from year earlier
Sales in Singapore of private homes by developers more than doubled in April from a year earlier, government data showed on Monday.
– Reuters

SingPost shares down 6 pct as it reviews acquisition of TradeGlobal
Shares in Singapore Post <SPOS.SI> fell as much as 6 percent on Monday to their lowest in more than a year after the firm said it was conducting an in-depth review of an acquisition of a U.S. e-commerce firm for which it took a significant impairment charge.
– Nasdaq/ Reuters

Chart of the Day: Check out the supply pipeline of retail space until 2020
This chart from Colliers shows that there will be an average annual retail space supply of 1.2m sqft for 2017 until next year.
– Singapore Business Review

Business sentiment in Singapore improves in Q1
BUSINESS sentiment in Singapore improved in the first quarter of 2017, on the back of better sales, profits and orders, while pessimism over business prospects in the next six months has diminished substantially, said the latest Business Times-Singapore University of Social Sciences (SUSS) Business Climate Survey.
– The Business Times

Singapore-based Beverly Group to unveil Equine Residence phase two in 2H2017
Singapore-based Beverly Group Sdn Bhd will be unveiling phase two of its Equine Residence development in Seri Kembangan, in the second half of this year following the positive response to the recent launch of phase one.
– The Edge Markets

What the court ruling on EU-Singapore pact means for the UK
A report from Bloomberg said United Kingdom Prime Minister Theresa May could get a taste of what’s in store for Britain when the European Union’s top court spells out how the EU should ratify a free trade pact with Singapore, the tiger economy some want post-Brexit Britain to emulate. – See more at: http://sbr.com.sg/economy/news/what-court-ruling-eu-singapore-pact-means-uk#sthash.PrIZjX8o.dpuf
– Singapore Business Review

DPM Tharman: It’s time for Singapore to move beyond a two-speed economy
Singapore’s deputy prime minister (DPM) and coordinating minister for economic and social policies Tharman Shanmugaratnam was conferred the Medal of Honour during the May Day Awards 2017 ceremony on Saturday (May 13), by the National Trades Union Congress (NTUC).
– Human Resources

President Tan inspects Singapore’s first-ever international maritime review
Multilateral co-operation is key to ensuring maritime security, President Tony Tan Keng Yam said on Monday (May 15) as he presided over Singapore’s inaugural international maritime review involving 46 warships and delegates from 44 countries.
– Today

Genting Singapore PLC’s Latest Earnings: What Investors Should Know
Last Friday, Genting Singapore PLC (SGX: G13) reported its 2017 first quarter earnings. The reporting period was for 1 January 2017 to 31 March 2017.
– The Motley Fool

SingPost sinks into the red with $65.2m loss
It was a disappointing quarter for Singapore Post after it swung to a net loss of $65.2m in Q4 of its financial year 2017, impacted by a $205.7m impairment of intangible assets mainly for TradeGlobal and offset by $108.7m fair value gains in investment properties.
– Singapore Business Review

Disgruntled Rickmers Maritime bondholder seeks to block fleet sale to Navios Partners
A Rickmers Maritime Trust bondholder has brought an “unprecedented” injunction in attempt to stop the sale of its fleet to Navios Maritime Partners.
– Seatrade Maritime News

Only Singaporeans and PRs allowed to attend Pink Dot 2017: Organisers
Only Singaporeans and Permanent Residents (PRs) will be allowed to attend the annual Pink Dot gathering, to be held at Hong Lim Park, event organisers said on Sunday (May 14).
– Today

Beer, cigarettes and durians for the terminally-ill
Nurses find Mr Klassen Alaric Philip, 80, to be a quiet man. The only time he shows some personality is when he refuses to take his medication.
– The New Paper

Treatment costs more affordable under Community Assistant Health Scheme
Ms Lee Yee Theng used to self-medicate instead of going to her GP when she had a cough or cold.
– The New Paper

 

Feature photo Jason Goh
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John Le Fevre

John Le Fevre

Managing Editor at AEC News Today
John is an Australian national with more than 35 years experience as a journalist, photographer, videographer and copy editor. He has spent extensive periods of time working in Africa and throughout Southeast Asia. He has covered major world events including the 1991 pillage riots in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010 and 2014 Bangkok political protests. In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak. Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post.

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