Singapore Morning News For April 19

Singapore Morning News For April 19

Singapore morning news

P&G makes US$100m digital innovation move at Singapore centre
CONSUMER goods giant Procter & Gamble (P&G) will be pumping in US$100 million over the next five years in its Singapore digital innovation centre launched on Tuesday, in a move to boost digital capabilities and strengthen partnerships with small and medium enterprises (SMEs) here.
— The Business Times

Singapore: Aoxin Q&M Dental Group targeting $8m IPO
Aoxin Q&M Dental Group – the dental business in China of Q&M Dental Group – is selling 57 million placement shares at 20 cents. This is part of an initial public offering (IPO) to raise S$11.4 million ($8.17 million) that will see Aoxin being separately listed on the Catalist secondary board.
— Deal Street Asia

Fund focus: Burda seeks early mover advantage as it targets Series B crunch in SEA
German media giant Hubert Burda is not the name that comes to one’s mind when discussing the pressing issue of the Series B funding crunch that confronts Southeast Asia. Yet, this is precisely the space that Burda is eyeing, and also seeking a first mover advantage, as it attempts to establish a stand-alone identity in this region.
— Deal Street Asia

Drone delivery to start on NUS campus by early next year (Amended)
ANYONE visiting the National University of Singapore (NUS) early next year might be treated to the sight of drones flying across the campus, delivering small parcels to students and facilities. And if Airbus Helicopters’ idea succeeds, these drones will eventually deliver parcels right across Singapore.
— The Business Times

Stocks to watch: CapitaLand Commercial Trust, Ezra, Healthway
THE following companies saw new developments that may affect their share price on Wednesday.
— The Business Times

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P&G to invest S$140 million to boost digital capabilities in S’pore
Procter & Gamble (P&G) will be investing more than US$100 million (S$140 million) over the next five years in its new P&G E-Centre in Singapore.
— Today Online

Philippines: GT Capital invests $483m in Metrobank, ups stake by 9.6%
Philippine conglomerate GT Capital Holdings Inc is increasing its stake in Metropolitan Bank & Trust Company by making fresh investments of up to $483 million (P24.72 billion), the company said.
— Deal Street Asia

Singapore doctor offers to waive surgery costs for injured Indonesian graft investigator
A doctor in Singapore has offered to waive the surgery costs for prominent Indonesian corruption investigator Novel Baswedan, who is currently seeking medical treatment there after acid was thrown on his face.
— Channel NewsAsia

Singapore leverages Disney appeal
Singapore Tourism Board and Walt Disney Company Southeast Asia have signed a three-year partnership that will provide fun experiences themed around Disney’s biggest brands and most popular characters.
— TTR Weekly

Singapore ties with Germany for most powerful passport in the world
For the first time, Singapore is tied with Germany as the country with the most powerful passport in an international ranking.
— The Straits Times

Flash floods hit parts of Singapore on Tuesday afternoon
Flash floods blanketed several parts of Singapore on Tuesday (April 18) afternoon, with water submerging vehicles up to mid-tyre level.
— The Straits Times

Singapore No 1 again in Asia-Pacific for talent competitiveness: Report
The Republic has come up tops in the Asia-Pacific for talent competitiveness for the fourth year running, beating regional neighbours such as Australia, New Zealand and Japan, a private sector study has shown.
— Today Online

Singapore is still APAC’s hottest spot for global talent
It also ranked second worldwide, next to Switzerland. Singapore retains the top spot in Asia Pacific for the fourth consecutive year in the Global Talent Competitiveness Index (GTCI) by INSEAD.
— Singapore Business Review

Singapore, Hong Kong reaffirm longstanding friendship
Deputy Prime Minister Teo Chee Hean and Hong Kong Chief Executive Leung Chun-ying reaffirmed the longstanding friendship between Singapore and Hong Kong, said Singapore’s Ministry of Foreign Affairs (MFA) in a media statement on Tuesday (Apr 18).
— Channel NewsAsia

Singapore is about to get more costly for businesses
Businesses in Singapore are bracing for higher costs in a country that’s already among the world’s most expensive to live in.
— The Business Times

SP Setia secures popular Singapore land
SP Setia Bhd has won the bid to buy the popular Toh Tuck Road site in Singapore for S$265 million (RM836 million).
— New Straits Times

Malaysian developer S P Setia to build $457 million luxury condo in Singapore
S P Setia Bhd, having beat 24 other bidders for a plot of land at Toh Tuck Road in Singapore, plans to develop a five-storey luxury condominium there with a gross development value of S$457 million.
— Asia One

Singapore shares open 0.42% down on Wednesday
SINGAPORE stocks slid on Wednesday morning, echoing similar movements in Asian markets elsewhere that were spooked by political uncertainties.
— The Business Times

China Construction Bank expands services in Singapore
CHINA Construction Bank (CCB) on Tuesday launched two major banking centres in Singapore that would provide infrastructure financing and private banking services.
— The Business Times

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Swiss Re to set up regional headquarters in Singapore next year
IN a sign that Swiss Re is increasing its focus on this part of the world, the reinsurer says that it will set up a regional headquarters in Singapore in 2018 under a new entity that will oversee its network of reinsurance operations in Asia.
— The Business Times

Singapore: HR startup EngageRocket closes S$450k angel round
Singapore-based EngageRocket, a venture which applies workplace analytics to improve talent retention and productivity, said it has secured S$450,000 ($322,422) from investors in an angel round.
— Deal Street Asia

MOVES-Markel International Singapore names new marine liability underwriter
Markel International Singapore, subsidiary of U.S.-based Markel Corp, appointed Colin Fordham as a senior marine liability underwriter.
— Reuters


Feature photo Jason Goh  
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).


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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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