Singapore Morning News For May 23

Singapore Morning News For May 23

Singapore morning news

Singapore exports are down, but not just because of pharma
Singapore’s non-oil domestic exports (NODX) faced a steep decline this April 2017. Analysts argue that this was brought about by the big drop in pharmaceutical exports.
– Singapore Business Review

Singapore’s consumer prices dip in April
Consumer prices in Singapore dipped in April from the previous month, according to figures from the Department of Statistics on Tuesday (May 23).
– Channel NewsAsia

With NSF pool shrinking, SAF reviews requirements to allow more to serve in various vocations
To tackle manpower challenges brought on by lower birth rates in recent years, the military’s medical service is reviewing requirements to “increase flexibility” and allow more soldiers to be deployed in various vocations in the Singapore Armed Forces (SAF).
– Today

SGX said to near deal with regulator for IPOs
Singapore Exchange (SGX) is nearing a deal with the city’s technology regulator to develop a system designed to encourage local start-ups to list on the bourse, according to people familiar with the matter.
– Today

SIA budget carriers generate $22m in operating profit
Singapore Airlines’ SilkAir and budget carriers TigerAir and Scoot generated $27m and $22m in operating profit as unit cost declined 7.8% and 9.4%, respectively.
– Singapore Business Review

Minister Ibrahim opens CommunicAsia2017
“They say ‘change is the only constant’, but change has never come at a faster rate,” said Ibrahim. “Convergence and disruption are transforming the way we operate. Every so often, we see another Airbnb or Uber come along, up-ending the way our economies function.”

Noble shares tumble after S&P ratings downgrade
Embattled commodity trader Noble Group Ltd suspended trading of its shares on Tuesday following a 32% plunge, as S&P downgraded its long-term corporate credit ratings, citing continuing weak cash flows and profitability.
– Today

Singapore waives frequency fees for 5G trials
To spur innovation and to provide the underpinnings of emerging technologies such as the Internet of Things (IoT) in Singapore, the Info-communications Media Development Authority (IMDA) will waive frequency fees for 5th generation mobile network (5G) trials with immediate effect, Minister for Communications and Information Yaacob Ibrahim announced on Tuesday (May 23).
– Channel NewsAsia

Taskforce set up to implement tighter regulations on formula milk manufacturers
The Government has set up a taskforce to put in place measures to address the rising prices of formula milk in Singapore.
– Channel NewsAsia

Wing Tai Holdings launches S$94m takeover bid for Malaysian-listed counterpart
SINGAPORE-LISTED Wing Tai Holdings launched a RM290 million (S$94 million) takeover offer on Tuesday for its Malaysian-listed counterpart Wing Tai Malaysia Berhad (WTM) at RM1.80 cash per share.
– The Business Times

Sales staff jailed 20 months for corruption
A former assistant sales manager was on Tuesday (May 23) jailed 20 months and ordered to pay a penalty of S$274,666.70 for corruption offences, the Corrupt Practices Investigation Bureau (CPIB) said.
– Channel NewsAsia

One in four Singapore candidates submit false information on job applications
More than one in five (21.5%) background checks conducted on job candidates in the Asia Pacific region (APAC) in 2016 identified inaccuracies in the information supplied by candidates. This finding was based on the results of background checks performed by HireRight in the APAC region last year.
– Singapore Business Review

NUS launches three new part-time degree programmes in Tech
The National University of Singapore (NUS) will be offering three new part-time degree programmes in Business Analytics, Cybersecurity, and Software Engineering from August.
– Today


Feature photo tpsdave
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