Singapore Morning News For June 29

Singapore Morning News For June 29
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Blackstone’s S$900 million offer for Croesus seen as attractive
UNITS of Japanese mall owner Croesus Retail Trust (CRT) soared past Blackstone’s offer price to hit a record high after the US private equity firm made an offer for all the units in CRT.
The Business Times 

S’pore companies well-placed to tap China’s halal market
SINGAPORE companies are well-positioned to venture into foreign halal markets, particularly China’s huge domestic market, according to market insiders.
The Business Times

Netherlands and Singapore among leaders on education research
Smaller European countries such as the Netherlands and Asian city states like Singapore are among the world leaders in terms of high-quality education research, new data suggest.
Times Higher Education 

Hong Kong Versus Singapore: Which City Is Best for Expats?
In the race to lure talent for global firms’ regional headquarters, Hong Kong and Singapore have long been neck-and-neck. While many companies make their managers locate in one or the other city — often depending on whether their duties focus more on Southeast Asia, or on China — others give top talent a choice.

PropertyGuru’s Steve Melhusih does not believe in ‘unicorns’, but admits realty portal close to hitting $1b valuation mark
Steve Melhusih, co-founder and vice chairman at PropertyGuru Group, is candid when he says does not believe in ‘Unicorns’, a term used to refer to any tech startup company that reaches a $1 billion dollar market value.
Deal Street Asia

Singaporeans worse at cleaning up after themselves: survey
Despite various public campaigns, Singaporeans scored lower for their behaviour in keeping eating places and toilets clean.
The New Paper 

Visa-Validus partnership; FLT private placement oversubscribed
P2P lending platform Validus and Visa have formed a business partnership while FLT’s private placement was oversubscribed.
Deal Street Asia 

Singapore-based firm on track to commercialise cancer drug
SCIENTISTS are now a step closer to turning cancer patients’ own immune cells (T-cells) against the tumours in their bodies – and possibly finding a cure for the dreaded disease.
The Business Times

Singapore Can Have Meritocracy or Aristocracy, But Not Both
Singapore has long prided itself on being the smug teacher’s pet of Southeast Asia — the richest, the most advanced, the most envied and the cleanest in terms of both its streets and its government. Ranked seventh in the world in Transparency International’s most recent Corruption Perceptions Index, this image is something that the People’s Action Party (PAP) government jealously guards.
Foreign Policy 

Why Singapore Is a Terrorist Target
In a 2011 article titled “Why S’pore is an iconic target for terrorists,” I posited a number of reasons why terrorists are attracted to the idea of striking Singapore. Senior government officials in the republic have also been giving such warnings, especially the coordinating ministers for national security.
The Diplomat 

Singapore Dreams of Its Own J.P. Morgan
There are no new ideas in banking — no equivalents of flying cars, or even 20-foot containers. The revolutionary thinking in finance is usually dusted off from the archives. Singapore’s plan to let bankers play businessmen is no different.

Singapore to raise marriage fee from Jul 1
The cost of getting married in Singapore will go up on Jul 1, when the Registry of Marriages (ROM) increases its marriage fee for both Singaporeans and foreigners.
Channel NewsAsia 

Manufacturing output to moderate in 2H17
After slowing down to a 5% growth in May, Singapore’s manufacturing production is expected to moderate further in 2H17.
Singapore Business Review 

Singapore companies spared the brunt of NotPetya
A new ransomware attack on Tuesday night has wreaked havoc on the IT systems of major organisations across the globe.
The New Paper 

Imagene Labs to enter Indonesia, offering wellness and beauty solutions based on your DNA
Singapore-based genetic startup Imagene Labs announced that it is going to enter the Indonesian market in July, the company’s spokesperson told e27 at the recent Echelon Asia Summit 2017.

No reports of Petya ransomware infection in Singapore, govt systems safe: CSA, GovTech
While no critical infrastructure or systems in Singapore have been affected by the Petya ransomware attack, the latest international cyber attack has left companies here scrambling to beef up their defences or take precautionary measures.
Today Online 

Feedback sought on proposed changes to Workplace Safety and Health Act
The Ministry of Manpower (MOM) on Wednesday (Jun 28) invited members of the public to give feedback on the proposed amendments to the Workplace Safety and Health Act (WSHA).
Channel NewsAsia  

Crazy poor expats: Why salaries for foreigners are falling fast
Twenty-eight-year-old Kieran Hughes had high hopes when he decided to move to Singapore to be with his partner a year ago. In the United Kingdom, Hughes worked as a professional broadcast engineer earning an equivalent of $96,000 a year, enough to pay the mortgage and buy his own car there. With a strong professional background, he thought finding a job in Singapore with the same competitive pay would be easy. But when he started working in an audio-visual firm as a project manager, he suddenly realised that he bought himself a one-way ticket to dismal pay conditions.
Singapore Business Review

Frasers Logistics & Industrial Trust raises $77.2m
Frasers Logistics & Industrial Trust (FLT) announced that it has closed its private placement exercise where it will issue 78m new units at an issue price of S$1.01 per new unit.
Singapore Business Review 

ComfortDelGro doubles rewards to lure train, bus commuters to use its cabs
ComfortDelGro Taxi, the Republic’s largest taxi operator, is dangling double the reward points to lure commuters to hop onto its cabs within 24 hours of alighting from a bus or train ride.
Today Online 

Singapore can learn from Hong Kong regional health systems: Amy Khor
Singapore can learn from how Hong Kong delivers its healthcare according to geographical clusters, says Senior Minister of State for Health Amy Khor.
Channel NewsAsia 

Move over, yogurt: Probiotic beer is NUS researchers’ new creation
A 22-year-old science undergraduate at the National University of Singapore (NUS) has found a way to infuse live probiotics, or good bacteria, into beer, giving those who love a tipple a more gut-friendly alternative.
Today Online 

Stroller restraint system on buses to be tested
A prototype stroller restraint system will be tested on SBS Transit bus service 69 from Jun 29, the Land Transport Authority (LTA) said on Wednesday (Jun 28).
Channel NewsAsia 


Feature photo tee_eric
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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