Singapore Morning News For July 11

Singapore Morning News For July 11

Singapore morning newsTemasek returned 12% in FY18, but warns of near-term risks
TEMASEK Holdings warned of increased near-term downside risks even as buoyant stock markets lifted its portfolio to a 12.19 per cent one-year return for the financial year ended March 31, 2018.
— Business Times

Singapore Investment Giant Turns Wary, Citing Global Risks
Temasek Holdings Pte., the Singaporean state firm that poured $95 billion into everything from startups to asset managers in the past five fiscal years, is turning more cautious as threats to the global economic expansion mount.
— Bloomberg

Temasek’s net portfolio value hits record high of S$308 billion
Despite posting a record portfolio value for the second straight year, Temasek Holdings struck a cautious note at its annual review by saying that it is planning to temper its investment pace.
— Channel News Asia

More following up with docs after screening
The national screening programme Screen for Life has seen an uptake in the number of follow-up consultations after people were screened for chronic diseases including diabetes.
–The Straits Times

AIS teams up with Singtel on e-sports tournament
ADVANCED Info Services (AIS) has joined with Singtel Group and other regional partners for the launch of an e-sports tournament.
— The Nation

Divorce rate down, number of marriages up in 2017
The divorce rate in Singapore fell while the number of marriages increased last year, according to figures released by the Department of Statistics (Singstat) on Tuesday (Jul 10).
— Channel News Asia

Man drowns in Singapore River
The body of a man was found motionless in the Singapore River on Tuesday (July 10).
–The Straits Times

MTI Minister Chan Chun Sing reassures S’poreans cost of living kept low
Minister for Trade and Industry Chan Chun Sing on Tuesday, July 10 has reassured Singaporeans that the government is doing everything in its power to keep cost of living low.
— Mothership

Grab ‘extremely’ confident about addressing anti-competition concerns, co-founder says
Proclaiming that the Government “actually wants” Grab in the Singapore market, the ride-hailing firm’s group chief executive Anthony Tan said he is “extremely” confident that the company can work through the issues flagged by the competition watchdog.
— Today Online

Starbucks to go strawless by 2020; Singapore outlets to pilot sippy cup lids
Starbucks will eliminate plastic straws from their 28,000 stores worldwide by 2020, replacing them with specially engineered lids and biodegradable straws, according to a press release Monday.
— Coconuts Singapore

Singapore shares open higher on Tuesday; STI up 0.9% to 3,258.19
SINGAPORE stocks opened on a brighter note on Tuesday morning along with rallying Asia stocks, with the Straits Times Index advancing 0.9 per cent, or 29.37 points, to 3,258.19 as at 9.05am.
— The Business Times

Agents undergo digital remake
Four travel agencies in Singapore are back in school learning how to embrace the digital economy and adapt to an expanding online travel market.
— TR Weekly

PUB had S$5.3b surplus
The Workers’ Party (WP) has taken down an online video which it said had given the impression that national water agency PUB holds a S$5.3 billion surplus, after Second Minister for Finance Lawrence Wong said in Parliament on Monday (Jun 9) that the video was misleading.
— Channel News Asia

JM Financial Limited (NSE:JMFINANCIL): Immense Growth Potential?
JM Financial Limited’s (NSE:JMFINANCIL) latest earnings announcement in March 2018 confirmed that the business experienced a robust tailwind, eventuating to a double-digit earnings growth of 34.18%.
— Simply Wall Street

Amid property curbs, some en bloc attempts go on while others change tracks
While at least one collective sale bid will be launched as planned this week, others have hit the pause button or are drawing up new plans amid uncertain prospects following the surprise of fresh property cooling measures.
— Channel News Asia

Singapore banks to gain from property cooling measures: Moody’s
SINGAPORE banks are expected to benefit from property cooling measures which kicked in on July 6, which will reduce speculative demand for residential properties and increase banks’ buffers “if and when property prices fall significantly”, ratings agency Moody’s said on Monday.
— The Business Times

Mac Users Urged To Do This Today
If you are a Mac owner and do not have antivirus protection, then this maybe one of the most important articles you read all year.
— Smart Web User

Customs Agent Hassled Mother and Daughter for Having Different Last Names
On her way home from a European vacation, a Texan woman experienced what she describes as “a Handmaid’s Tale moment,” where a U.S. customs agent subjected her and her daughter to unwarranted interrogation at the airport, all because the two had different last names.
— Yahoo Lifestyle

Cryptocurrency Gains Popularity Among Women Seeking Financial Flexbility
The cryptocurrency ecosystem is mainly dominated by males. That is on par with how the financial industry works in general. However, women are showing an increasing interest in this new form of money, which is a more than welcome change.
— Live Bitcoin News

Lawrence Wong chides WP, says PUB’s S$5.3 billion capital reserve not ‘hoard of cash surplus’
Second Finance Minister Lawrence Wong on Monday (July 9) criticised the Workers’ Party (WP) for showing a “basic misunderstanding of accounting fundamentals”, as he explained that national water agency PUB’s capital reserve does not represent surplus funds at its disposal.
— Today Online

‘Thank God for CrossFit:’ Woman catches, then releases, 7-foot shark that put up a fight for 2 hours
The last thing I did for two-hours straight was watch Forrest Gump, and even then I had to get up and use the restroom. Imagine trying to wrestle a 7-foot shark to shore for that long? Once I saw a fin, I’d release my fishing rod into the ocean — it is the shark’s now.
— Yahoo Lifestyle

What To Know Before Buying IDFC Bank Limited (NSE:IDFCBANK) For Its Dividend
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Over the past 2 years, IDFC Bank
— Simply Wall Street

 

Feature photo Rajesh_India

 

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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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Maria Mirasol Rasonable graduated with a Bachelors Degree in journalism from Polytechnic University of the Philippines, Santa Mesa, Manila, Philippines.

She previously covered police rounds for Philippine Daily Inquirer as a trainee before becoming editorial staff at Gospel Komiks under the Communication Foundation for Asia (CFA-MG), Santa Mesa, Manila where she wrote lifestyle and trending fashion and styles articles.

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