Singapore Morning News For August 7

Singapore Morning News For August 7
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Singapore morning newsHalimah Yacob announces bid to be Singapore’s next President
Speaker of Parliament Halimah Yacob confirmed on Sunday (Aug 6) that she intends to contest the upcoming Presidential Election, which has been reserved for Malay candidates.
Channel NewsAsia 

Businesses still optimistic, but profits a concern for large, foreign firms
BUSINESS conditions in Singapore continued to improve in the second quarter of 2017, but the improvements were not as good as the previous quarter. Even though sales were marginally better, profits have weakened among large and foreign firms, while orders or new business remained largely unchanged.
The Business Times 

Fintech investments tripled in Singapore
GLOBAL investment in financial technology (fintech) firms more than doubled in the second quarter of the year, compared with the first quarter, to US$8.4bil (S$11.4bil) across 293 deals, KPMG said in a recent report.
The Star Online

Shipbuilder goes from Singapore’s worst to best-performing stock in one year
A recovery in demand for new bulk carriers has helped Singapore’s worst-performing stock in 2016 become its best this year.
Today Online 

Exclusive: SC Capital launches $1b Asia realty fund, targets first close in October
Singapore-based real estate private equity firm SC Capital Partners has launched a $1 billion real estate fund, Real Estate Capital Asia Partners V (RECAP V), and expects to mark the first close in about two months, an executive aware of the development told DEALSTREETASIA.

Singapore-China relationship in ‘good working order’: Vivian Balakrishnan
The Singapore-China relationship is in “good working order”, said Singapore’s Minister for Foreign Affairs Vivian Balakrishnan on Sunday (Aug 6).
Channel NewsAsia 

Singapore’s IPS Securex Expects Net Loss In FY17 On Higher Loan Provisions
Singapore security company IPS Securex Holdings said Monday it expects to report a net loss for the fiscal year 2017 as a result of provisions for doubtful debts on trade receivables.
Nikkei Asian Review 

Warburg Pincus-backed ESR in talks to buy Sabana REIT
Warburg Pincus-backed e-Shang Redwood (ESR) is in advanced talks to buy struggling Sabana Shariah Compliant Industrial REIT, sources familiar with the process said, in a likely first consolidation step in Singapore’s $3.5 billion mid-cap industrial trusts sector.

Demand rising in Asia-Pacific for more powerful satellites
The increasing need for observational activities among countries especially in the Asia-Pacific region has brought on the demand for more powerful and sensitive satellites.
The Star Online 

Singapore’s Temasek looking at German acquisitions
Singapore state investor Temasek, one of the world’s biggest investors, wants to make acquisitions in Germany, a top executive of the group told a German weekly newspaper.
Free Malaysia Today 

Commentary: How should we regulate doctors and protect patients in a complex world?
2017 has placed doctors in Singapore under the microscope. New Year’s Day marked the coming into force of the Singapore Medical Council’s revised Ethical Code and Ethical Guidelines, raising the bar on the ethical obligations of doctors.
Channel NewsAsia 

Luxury sales outpace overall car market
THE mass luxury car segment is outpacing the overall market as premium brands expand into the volume segment by offering a wider range of models with more accessible pricing.
The Business Times 

Marker unveiled at site of Singapore’s first NS camp
There was pin-drop silence as Mr Albel Singh and his fellow conscripts rode in a three-tonne truck from Kallang to Taman Jurong Camp in 1967. They were on a journey none in Singapore had taken before.
Today Online 

Vending is trending and buyers are spending
Since the middle of last month, a huge humming box containing bouquets of dried flowers at the basement of Raffles City Shopping Centre has been drawing curious stares.
The New Paper 

IFC focused on development of PE in emerging markets, seeks to back new fund managers
East Asia Pacific and South Asia together – accounts for the largest exposure in International Finance Corp’s funds portfolio, and the private sector investment arm of the World Bank is focused on the development of the private equity asset class in emerging markets, and is actively seeking to encourage the creation of new fund managers, Ralph Keitel, principal investment officer and regional lead, East Asia and Pacific, private equity funds at IFC, said in an interaction.

Bank of Singapore revs up businesses of next-gen clients
A THREE-day course on business management held by the Bank of Singapore for the next generation of its clients has helped one fledgling business to more than quadruple its revenue from three years ago.
The Business Times 

Zaha Hadid exhibition launched in Singapore for the first time
An exhibition of the cutting-edge architecture and design of the late Zaha Hadid opened yesterday at the ArtScience Museum.
The Straits Times (paywall)

CC ties up with SPH to offer digital news
Reading newspapers has become easier for business planner Cecilia Sim, 58, thanks to a tie-up between Singapore Press Holdings (SPH) and the Geylang West Community Club.
The Straits Times (paywall)

Singapore’s government on Friday declared a scholar of Chinese studies with a prestigious appointment at a local think tank persona non grata, alleging that he has been identified as an agent of influence of a foreign country.

The Singapore Market this Week: Singapore Telecommunications Limited Leads the Big Boys Down
The local stock market, as represented by the Straits Times Index (SGX: ^STI), ended the week at 3326.52, inching down 0.1%. Out of the 30 index components, half were in the red, while the other half ended the week on a positive note.
The Motley Fool 

For more than a decade, a plot of land roughly the size of three football fields sat empty at the heart of Singapore’s oldest public housing estates.
South China Morning Post

Buying a commercial property versus residential property
Commercial properties rose in popularity following the cooling measures imposed on the residential segment in 2011 and 2013.
The Independent Singapore 


Feature photo Marco Verch
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

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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