Singapore Morning News For June 6

Singapore tops global ranking for online presence
This year’s A.T. Kearney’s Global Cities Index 2017 saw Singapore jumping two spots to rank sixth, the highest ever ranking it has achieved in the Index.
— Singapore Business Review

Record $635m in CPF arrears recovered in 2016
A record $635.1 million in arrears was recovered by the Central Provident Fund (CPF) Board last year, it said in a statement yesterday.
— The New Paper

Medical tourism weakness in Singapore could be temporary: Maybank
Maybank Kim Eng Research continues to rate Raffles Medical Group (RMG) at “buy” as Singapore’s leading integrated healthcare provider, with a “robust track record and exciting development plans” of two hospitals in China.
— The Edge Markets

Japan’s Donki to open first Southeast Asian store in Singapore
Japanese discount store Don Quijote – popularly known as “Donki” in Japan – will open its first Southeast Asian store in Singapore’s Orchard Road district.
— Channel NewsAsia

HIV test kits that may offer false negative results recalled
Individuals who did a rapid HIV test between February and May have been advised to check with their clinics if they need to be rescreened, after a brand of test kit was recalled by the authorities.
— Today Online

Online hiring slips 1% in April
Online hiring in Singapore has slipped once again in April, down 1% according to the latest Monster Employment Index (MEI).
— Singapore Business Review

Singapore’s public sector outlines plans to go green
Singapore’s public sector is taking the lead in going green when it unveiled its first action plan on Monday (Jun 5), outlining its collective efforts in environmental sustainability.
— Channel NewsAsia

Singapore Airlines Limited (SGX:C6L): Are Shares Undervalued?
Singapore Airlines Limited (SGX:C6L) has a current Magic Formula rank of 8074. The formula which was developed by hedge fund manager Joel Greenblatt, is intended to spot high quality companies that are trading at an attractive price.
— Buckeye Business Review

Singapore students send science experiment to International Space Station
A group of students from the Singapore American School (SAS) will become the first in Singapore to have a science experiment installed on the International Space Station (ISS), the school announced on Monday (June 5).
— Today Online

CapitaLand to gain $85m with Innov Tower sale
CapitaLand is following an asset reconstitution in China with the recent divestment of Innov Tower and the planned investment in Guozheng Center.
— Singapore Business Review

Singapore searches for growth in 10 promising African countries
KASIVISWANATHAN Muthiah has been working for two years in Kigali, the capital of Rwanda in East Africa as deputy chief executive of warehouse operator Magerwa, a subsidiary of Singapore-headquartered Portek, which operates ports and provides port equipment engineering solutions. During that time, he has met fewer than 10 Singaporeans.
— The Business Times

Helping SMEs grow their online business
The third-generation family business now faces the urgent challenge of reaching young customers unfamiliar with traditional Chinese medicine and used to online retail.
— The New Paper

Public sector to cut water and electricity usage by 2020, saving S$62.5 million annually
The public sector will use less electricity and water in its bid to do more for the environment, under an inaugural three-year sustainability roadmap unveiled by Deputy Prime Minister Teo Chee Hean.
— Today Online

App for Singapore parents with newborns may be available soon
Parenting tips for those with newborns, delivered through a mobile application designed for Singapore, may be made available to a wider audience soon.
— Today Online

Doctor fined for overlooking high cancer markers
Health screenings are supposed to give the patient a head start in tackling health problems.
— The New Paper

Time for vehicle rental companies to step up security checks?
The attack in London over the weekend involved the use of a rental van that ran down several people on London Bridge.
— The New Paper

OCBC rolls out first AI-powered HR mobile app
OCBC Bank launches a human resources app to meet the needs of its employees.
— Singapore Business Review

Commentary: Singapore retail needs to aggressively embrace e-commerce
Singaporeans increasingly see little compelling reason to visit shopping districts like Orchard Road, so retail businesses need to shape up, argues Atlas Sound & Vision’s Sherwin Siregar.
— Channel NewsAsia

Google Singapore names new country director to replace Joanna Flint
Google Singapore has appointed Stephanie Davis as its country director, effective on 14 August 2017. She replaces Joanna Flint, who departed the role to lead Google’s APAC Agency and Zoo teams, responsible for its strategic partnerships with media and creative agencies.
— Marketing-Interactive

Oil subdued on worries Middle East rift will sap efforts to cut output
Oil recovered some losses from the previous session on Tuesday, but Brent crude remained below $50 over concerns that a political rift between Qatar and several Arab states would undermine efforts by OPEC to tighten the market.
— Reuters

Feature photo Leakhena Khat
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.

Singapore Morning News For June 6 added by Leakhena Khat on June 6, 2017
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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.