Singapore Morning News For June 13

Alibaba Launches Tmall Services In Malaysia and Singapore
Chinese e-commerce giant Alibaba Group Holding Ltd on Monday said it is launching new sales channels in Singapore, Malaysia, Hong Kong and Taiwan as China’s deep-pocketed e-commerce firms vie for new users in the region.
— The Business of Fashion

Tourist surge boosts April’s non-auto retail sales by 4.9%
Retail sales expanded in April from the same period last year as discretionary spending increased amid a surge in visitor arrivals in the first quarter.
— Today Online

High-tech farms in Singapore take on cold-weather crops
In line with the Government’s push for farming productivity in Singapore – such as the recently enhanced Agriculture Productivity Fund and the announcement that farmland would be set aside to promote high-tech farming – more farms are exploring new methods to grow crops previously thought to be impossible to cultivate in Singapore’s climate.
— Fresh Plaza

40 victims in Singapore duped in PayPal scam
More than 40 people have been duped in a scam involving online payments system PayPal, the Singapore Police Force (SPF) said on Tuesday (Jun 13).
— Channel NewsAsia

First Singaporean woman detained for radicalism tried to join IS, become ‘martyr’s widow’
A 22-year-old infant care assistant who wanted to be an Islamic State (IS) “martyr’s widow” has become the first female to be detained in Singapore for becoming radicalised, said the Ministry of Home Affairs (MHA) on Monday (June 12).
— Today Online

Probiota Asia: World-leading probiotics summit comes to Asia and calls for abstracts
NutraIngredients-Asia is delighted to announce that the first Asia edition of the global probiotics and prebiotics summit, Probiota, will be held in Singapore in Octorber.
— FoodNavigator-asia

GrabHitch passengers in Singapore to get insurance coverage
Grab on Monday (Jun 12) announced it will extend personal accident insurance coverage to all passengers who use its carpooling service, GrabHitch, at no cost.
— Channel NewsAsia

Singapore Telecommunications Ltd (SNGNF) Climbing The Ladder 7 Straight Sessions
Singapore Telecommunications Ltd (SNGNF) has ended in the black for consecutive sessions, indicating strong upward momentum. In taking a look at recent performance, we can see that shares have moved 1.49% over the past week, 1.87% over the past 4-weeks, -13.33% over the past half year and 6.56% over the past full year.
— Dasher Business Review

Singapore bus maker SC Auto to set up S$30m facility in Myanmar
HOMEGROWN bus manufacturer SC Auto is setting up a S$30 million facility in Yangon, Myanmar – its first foray overseas after focusing on operations here for over 20 years.
— The Business Times

Weir Group to acquire Singapore firm for £89m
Scottish engineering firm Weir Group has announced it is buying a leading Singapore-based oil and gas technology provider for $114m (£89m) in cash.
— Channel NewsAsia

S’pore, China can work together to add value to BRI
Singapore and Beijing can cooperate to add value to China’s Belt and Road Initiative (BRI), which the Republic strongly supports, said Minister for Foreign Affairs Vivian Balakrishnan in an interview with China Daily published yesterday. Below is an excerpt from the interview with Dr Balakrishnan, who was on a two-day official visit to China.
— Today Online

Second PMET job-matching agency opens in Jurong
Maximus Asia, the second employment agency from overseas that is tasked to help unemployed white-collar workers with their job search, opened its doors at Westgate Tower in Jurong yesterday.
— Today Online

S$180m in Medisave top-ups to be disbursed to Pioneer Generation this year
About S$180 million in Medisave top-ups will be disbursed to eligible seniors this year, as part of the Pioneer Generation Package (PGP), the Ministry of Finance (MOF) announced on Monday (Jun 12).
— Channel NewsAsia

Up to 72 National Dental Centre patients treated with partially sterilised instruments
Up to 72 patients at the National Dental Centre Singapore (NDCS) received treatment with instruments that were not fully sterilised, the centre said on Monday (June 12) in response to media queries.
— Today Online

Could Singapore’s economy be on a downturn again?
Singapore’s economic outlook for this current quarter is on the downside after the soft patch in Q1. According to a report from Deutsche Bank, economic growth could again decline due because of a low base on imports.
— Singapore Business Review

PropNex, DWG merge to become largest Singapore property agency
HOMEGROWN property agencies PropNex Realty and Dennis Wee Group (DWG) have agreed to merge – a move that will see the combined entity become Singapore’s largest real estate agency with close to 7,000 salespeople.
— The Business Times

Singapore, China seek to expedite RCEP trade talks
SINGAPORE and China will do their best to expedite talks on the Regional Comprehensive Economic Partnership (RCEP), Singapore’s foreign minister said, calling the potential pact a statement on the importance of free trade.
— The Business Times

Singapore hiring pace likely to slow down in Q3: survey
THE hiring pace is likely to slow down in the next three months in Singapore – the weakest outlook in eight years, based on the employment outlook survey by ManpowerGroup released on Monday.
— The Business Times

Illegal worker situation at Geylang Serai Bazaar has improved over time: Fatimah Lateef
The illegal worker situation at Geylang Serai Bazaar has improved in the last few years, the advisor to the bazaar’s organising committee, Associate Professor Fatimah Lateef, said.
— Channel NewsAsia

Feedback wanted on proposed rules to raise legal smoking age, curb e-cigarette use
The proposal to raise the minimum legal age for smoking in Singapore, as well as prohibit the purchase, use and possession of vaporisers and e-cigarettes will be up for public consultation from Tuesday (Jun 13).
— Channel NewsAsia

Social inclusion and participation improve quality of life for seniors, vulnerable groups: Study
Senior citizens and people with disabilities are more likely to have better quality of life if they engaged in a social activity or sports, according to a study by the National Council of Social Service.
— Channel NewsAsia

Ex-Singapore Banker Expands Family Office
Bedrock is adding a Zurich office to those in Geneva, London and Monaco. The newest Swiss office will be run by a well-known Swiss private banker who began his career at Pictet in Singapore.
— Finews Asia

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 13 added by Leakhena Khat on June 13, 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.