Singapore Morning News For May 16

Singapore Morning News For May 16
Estimated Reading Time: 4 minutes |

Singapore morning news

Singapore navy to acquire two more German-made Type 218SG submarines
Two more German-made Type 218SG submarines will join the Republic of Singapore Navy’s (RSN) fleet from 2024, Defence Minister Ng Eng Hen announced at the International Maritime Defence Exhibition on Tuesday (May 16).
– Today

ICT sector hits 27% jump in job postings in Q1
A study by JobTech revealed that there is an increase of more than 700 unique online job postings in Singapore’s ICT sector in 1Q17, up from last quarter’s recorded job posting of around 2,600.
– Singapore Business Review

AP, Singapore ink pact for developing startups in Amaravati area
Andhra Pradesh government on Monday inked a pact with Singapore for developing an area of 6.84 km at capital Amaravati as startup area in phases.
– FirstPost

Singapore property comeback fueled by developers hungry for land
Developers’ hunger for land is adding to signs that Singapore’s housing market is making a comeback after three years of price declines.
– The Straits Times

App replacing parking coupons to go on trial
The Urban Redevelopment Authority (URA) and the Housing Board (HDB), together with the Government Technology Agency of Singapore (GovTech), announced yesterday that they are developing a parking app to act as “a transition step and provide important learning points” before the move to the next-generation Electronic Road Pricing (ERP) system.
– The New Paper

SIA Engineering’s full-year net profit jumps 88.2% to $332.4m
SIA Engineering ended its financial year with a bang as it recorded an 88.2% increase in net profit.
– Singapore Business Review

Singapore government to spend SG$150 million over five years on AI
The Singapore government has plans to boost AI capabilities through the establishment of a new national programme called AI.SG as part of its Smart Nation push. This will see the National Research Foundation (NRF) invest up to SG$150 million over five years in AI.SG, said Low Teck Seng, CEO, NRF.
– Marketing-Interactive

Three months’ jail for seeking bribe for intimate acts
A Singapore Customs investigation officer (IO) abused his position by trying to obtain a bribe from a woman in the form of intimate acts.
– The New Paper

RICE Media closes six-digit seed round, to grow brand across SE Asia
RICE, a digitally native news portal engaged, has announced an undisclosed six-figure amount of seed funding from an individual investor to grow its journalistic brand across Southeast Asia.
– Deal Street Asia

Golden Agri’s net profit slumps 60% to $52.6m in Q1
Whilst Golden Agri-Resources recorded a 37% spike in revenues to $2.9b (US$2.04b) for the quarter ending in March, its net profit declined 60% to $52.6m (US$37.6m).
– Singapore Business Review

Disappointed with UBS loss, Singapore’s GIC fund cuts stake
UBS Group AG’s largest shareholder, Singapore’s sovereign fund GIC Pte, is slashing its ownership in the Swiss bank by offering a 2.4 per cent stake worth about US$1.6 billion (S$2.2 billion).
– Today

Thirst for bottled water growing in Singapore
Getting clean water in Singapore is as easy as turning on the tap, yet retail outlets are awash with brands of bottled water.
– The New Paper

Jailed: Debt collectors who wrecked Funan Mall food court stall
A debt collector who caused a commotion at a food court in Funan DigitaLife Mall in 2015 ended up being sentenced to three months’ jail on Monday (May 15) for being a member of an unlawful assembly in that incident.
– Coconuts Singapore

Important for employers to prepare staff for emergencies like terror attacks: Sam Tan
There were shouts and a flurry of activity as workers at Panasonic Appliances Refrigeration Devices Singapore reacted to a “terror” incident on Tuesday morning (May 16).
– The Straits Times

 

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.
John Le Fevre

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