Singapore Morning News For May 31

Singapore Morning News For May 31

Singapore morning news

Singapore ranked most ‘digitally competitive’ in the world
The Republic is the most “digitally competitive” place in the world, based on an inaugural report measuring an economy’s ability to adopt and explore digital technologies leading to transformation in government practices, business models and society in general.
The Malay Mail Online 

Real wages grew at slower pace as more firms suffered losses last year
With the tepid economic conditions denting firms’ profits, the real wages of workers here grew at a slower pace last year, compared with 2015.
Today Online 

Singapore’s foreign workers face bed crunch under new rental laws
Subdividing apartments into small sublets has been a mainstay of the cheaper end of the housing market in Singapore, but has drawn the ire of neighbours who are faced with a lot of people crammed next door.
Singapore Business Review

Fewer workers received pay hikes in 2016
Fewer workers received salary hikes last year and more took a pay cut as slowing economic growth hit companies.
The New Paper

Singapore bourse partners with regulator to spur IPOs
Singapore Exchange Ltd <SGXL.SI> announced a partnership with the city-state’s technology and media regulator, in a move that will facilitate accredited companies to list on the exchange and shore up the bourse’s appeal as a listing destination.
Nasdaq/ Reuters

Malaysian paper made ‘baseless’ allegations against Singapore Elected Presidency scheme: High Commissioner
Several “baseless and mischievous allegations” were made in an editorial by Utusan Malaysia on the changes to Singapore’s Elected Presidency scheme, Singapore’s High Commissioner to Malaysia said on Tuesday (May 30), in an open letter to the newspaper’s editor.
Channel NewsAsia 

Stable outlook for Singapore banks on improving growth, receding risks to asset quality and profitability
Moody’s Investors Service says its change in outlook to stable from negative for Singapore’s banking system reflects improving growth conditions and stabilizing commodity prices that will limit a further weakening in asset quality and profitability.

Stocks to watch: Ascott Residence Trust, Singapore Exchange, Tat Hong, BRC Asia
Ascott Residence Trust: Ascott Reit on Wednesday said that it is acquiring the 224-unit DoubleTree by Hilton Hotel New York – Times Square South for US$106 million.
The Business Times 

Fundamental Point of View on Singapore Technologies Engineering Ltd (SGX:S63)
Investors may be interested in viewing the Gross Margin score on shares of Singapore Technologies Engineering Ltd (SGX:S63). The name currently has a score of 5.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years.
Buckeye Business Review 

I.T. firm, cafe among companies that raised salaries
Bucking the trend, IT solutions firm Oneberry Technologies gave its workers a pay rise of between 5 and 10 per cent last year.
Today Online  

Nurses at home may be robots in future
Patients being cared for at home could have robots helping to look after them in future. Such aid will start in hospitals, Health Minister Gan Kim Yong said yesterday as he mapped out the information technology revolution transforming healthcare.
The New Paper 

SIA revamps PPS Club Programme with new benefits
Singapore Airlines will be introducing new benefits and rewards to its PPS Club programme.
Singapore Business Review 

OCBC rolls out standalone mobile payments app
Singapore banking giant is furthering its cashless payment service with the launch of its first standalone app dubbed as OCBC Pay Anyone.
Singapore Business Review 

Moody’s raises Singapore banks’ outlook to stable from negative
Moody’s Investors Service raised Singapore banks’ outlook to stable from negative on Wednesday, citing stabilizing commodity prices and improving growth conditions.


Feature photo Leakhena Khat
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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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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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