Singapore Morning News For June 22

Singapore Morning News For June 22
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New Study Shows Singapore Companies Outpace Hong Kong Rivals in Internet Marketing
A new study has found that Singapore businesses are three times more likely to be switched on to Internet Marketing than their rivals in Hong Kong.
Asia One 

Functional foods for the elderly could be the next big growth opportunity for Singapore firms
DSM has joined the nation’s Food Innovation Cluster- a body set up by government enterprise agency SPRING- to help boost the food and nutrition industry.

New scheme opens doors in Asean for Singapore accountants
SINGAPORE accountants will soon find it easier to operate in markets across the region, thanks to a new accreditation available to the profession here.
The Business Times 

Singapore has many of the conditions needed for an Asian LNG hub to develop: good location, attractive tax terms, low country risk and a free-trade mindset.
Natural Gas World 

SMEs’ optimism improves again, but profit outlook stays weak
SMALL and medium enterprises (SMEs) are slightly more optimistic about business prospects for the next six months, marking the second consecutive quarter that the outlook has improved.
The Business Times 

Dreamscape Networks nets Singapore hosting provider for $29M
Dreamscape Networks (ASX:DN8), the company behind domain registry, Crazy Domains, has acquired a Singapore-based hosting and domain services company, the Voiden Group, for $29.67 million.
ARN Net 

Gamuda top pick for KL-Singapore high speed rail, says CIMB Research
CIMB Equities Research is positive on the likely pick-up in the progress of the Kuala Lumpur-Singapore high speed railway (HSR) project in 2H17 but concludes that it would be too early to name potential winners.
The Star Online 

New Zika cluster at Kensington Park Drive
Two new cases of locally transmitted Zika have been confirmed at Kensington Park Drive at Serangoon Gardens, the National Environment Agency (NEA) said on Wednesday (Jun 21). Both cases involve residents in the vicinity.
Channel NewsAsia 

Final tests for facial recognition tech at Changi Airport’s new T4
Over the next few weeks, some passengers taking selected flights will get to test the use of facial recognition technology at Changi Airport’s new Terminal 4 (T4), by trying out the self-service options for bag-drop, immigration and boarding.
Today Online

Singapore investor makes move in city’s hotel sector
Singapore investors have bought a city hotel for £26m as international money pours into the Manchester hospitality sector.
Manchester Evening News 

URA launches tender for Beach Road site
The Urban Redevelopment Authority (URA) will launch a public tender for a commercial site on the Reserve List at Beach Road, after receiving an application from an unnamed developer at a bid price of not less than S$1.138 billion.
Today Online 

3 reflections of rising private healthcare demand
The rising affluence of Singaporeans has led to the increase in demand for better private healthcare services and shorter waiting times.
Singapore Business Review 

Optimism returns to property sector
Singapore’s tepid property market might be showing signs of life, judging by the recent flurry of activity among real estate developers.
The New Paper 

Sheng Siong to expand its Mandai Link warehouse
Sheng Siong is set to expand its Mandai Link warehouse by another 10% following JTC’s resolution on the land ownership formerly belonging to the current rail corridor.
Singapore Business Review 

Golden Agri-Resources boasts new seeds to sustain production
Golden Agri-Resources is stepping up its game to increase its productivity with its two clones of high-yielding oil palm planting material that is approved for use by Indonesia’s Ministry of Agriculture.
Singapore Business Review 

SIAEC forms engine overhaul JV with GE Aviation
SIA Engineering Company (SIAEC) and GE Aviation have agreed to establish a new engine overhaul joint venture based in Singapore.
Singapore Business Review 

Beach Road commercial site to go on sale
A Beach Road commercial site will go on sale in about two weeks – and analysts expect stiff competition.
The New Paper

38 Oxley Road dispute: Govt of the day has to be responsible for decision on house, says DPM Teo
Deputy Prime Minister Teo Chee Hean on Wednesday (Jun 21) defended his decision to set up a ministerial committee to look into the options for Mr Lee Kuan Yew’s family home on 38 Oxley Road, saying that the Government of the day “has to be responsible for making a decision on the property”.
Channel NewsAsia 

First commercial flights to use Changi Airport T4 in coming weeks
Changi Airport will see the first commercial flights arrive at and leave Terminal 4 in the coming weeks, as part of the final phases of trials ahead of the new terminal’s official opening, Changi Airport Group (CAG) said on Wednesday (Jun 21).
Channel NewsAsia 

Tighter regulations for local travel industry proposed
Consumers may soon see enhanced protection measures against errant travel agents, with proposals by the Ministry of Trade and Industry (MTI) and the Singapore Tourism Board (STB) to boost their investigative and enforcement powers.
Today Online 

Singapore to ink agreements to enhance tax cooperation on exchange of information
SINGAPORE will be inking two agreements to enhance tax cooperation on the exchange of information.
The Business Times 

Geylang plot action a wake-up call for property owners, buyers: Experts
With the authorities recently affirming the policy stance that no compensation will be awarded to residential property owners upon lease expiry, private home buyers and sellers will soon need to brace themselves for a reality check.
Today Online 


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.



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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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