Singapore Morning News For March 28

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.

France, Singapore sign slew of deals to spearhead innovation
Singapore and France on Monday (March 27) agreed to strengthen cooperation in innovation through greater collaboration in areas such as space technology, smart cities planning, biomedical sciences and financial technology.
— Today Online

Singapore Efficiency Even Extends to Its Bankruptcy Laws
When it comes to matters legal or bureaucratic, Singapore is swift to act. Bankruptcy, sometimes, can be even faster.
— GCaptain

Help for law firms to become tech-ready
Law firms will not only have access to funds to adopt technology, but also get to carry a logo on their websites and marketing materials to show they are technology-ready.
— The Straits Times

Only 7% of Singapore workers turn to formal courses to upgrade skills
Most Singapore candidates are driving their own professional development agenda rather than looking to their employer to provide training, according to recruiting firm Hays.
— Singapore Business Review

DHL eCommerce Enables Singapore e-Commerce Retailers to Reach Out to the U.S. Market
DHL eCommerce, a division of the world’s leading logistics company Deutsche Post DHL Group, has launched a new commercial international shipping product facilitating Singapore-based e-tailers, online merchants, manufacturers, and traditional ‘brick and mortar’ retailers to ship their products to consumers in the U.S. using the reliable DHL network in a simple and cost-effective manner.
— Yahoo Finance

Singapore signs fintech cooperation agreement with France
SINGAPORE and France on Monday signed an agreement to enhance cooperation in the fintech sector.
— The Business Times

New signalling system to be tested on NSL trains on Tuesday
On Tuesday night (March 28), the North-South Line (NSL) will switch over temporarily to a new signalling system as part of continuing trials, with all trains on the 26-station line halting for around 10 minutes during the final hour of service from about 11pm.
— Today Online

Keeping Singapore’s coastline secure amid changing threats
Ninety-four people were arrested for trying to breach Singapore’s coastline in 2015 – a five-year high, and an average of one person every four days.
— Channel NewsAsia

Singapore set to get box traffic boost from CMA CGM
CMA CGM, the world’s third-largest box carrier, has doubled its operating capacity in Singapore to four million TEUs (20-foot equivalent units) with the launch of phase two of CMA CGM PSA Lion Terminal (CPLT) on Monday.
— The Business Times

Fortis Healthcare said to consider buyout of Singapore trust
Fortis Healthcare Ltd, India’s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics, people with knowledge of the matter said.
— Live Mint

Singapore’s big plans for nationwide bike-sharing are no more
Before it’s even begun, Singapore has scrapped its ambitious nationwide bike-sharing plan.
— Mashable

Singapore’s 2G network to cease completely on April 18
All three mobile operators (MNOs) – M1, Singtel and StarHub – will be shutting down their 2G network services in stages, starting from April 1 and completing it by April 18.
— Today Online

Singapore ranked as most expensive city
Singapore is the world’s most expensive city for the fourth year running according to The Economist Intelligence Unit‘s Worldwide Cost of Living 2017.
— CitiesToday

Surge in foreign buying in Singapore assets: JLL
FOREIGN investments in Singapore property assets surged 441 per cent year on year in 2016 to US$4.1 billion on the back of mega deals such as Qatar Investment Authority’s purchase of Asia Square Tower 1 for US$2.45 billion.
— The Business Times

Singapore’s big ambitions for new fund structure
The city’s newly proposed investment vehicle aims to go beyond what many had expected, says a senior lawyer, and the industry is cautiously optimistic.
— AsianInvestor

Singapore Airlines moves new Airbus A380 suites to upper deck
As previously tipped by Australian Business Traveller, Singapore Airlines is relocating its new Airbus A380 first class suites to the superjumbo’s upper deck.
— Australian Business Traveller

Employees in Singapore are one of the least engaged in APAC
The latest 2017 Trends in Global Employee Engagement report by Aon Hewitt has revealed that global employee engagement has retracted in the last year.
— Human Resources Online

Singapore fintech startup OOjiBO raises US$3.6M to serve the unbanked
Singapore-based fintech startup OOjiBO has raised a S$5 million (US$3.6 million) in a Pre-Series A round led by Centurion Private Equity. Wong Kok Hoe, Director at Centurion, managed the investment and joined OOjiBO’s board of directors.
— Yahoo Finance

Fire breaks out at AMK Hub basement in early hours of Tuesday morning
A fire broke out at the Samsung Experience Store in AMK Hub shopping mall at 1.32am on Tuesday (March 28), affecting other stores’ customers who visited the mall later in the morning.
— Today Online

Feature photo Bernd Hildebrandt
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Singapore morning news is published M-F by AEC News Today: Governance, not government; policies not politics.

Singapore Morning News For March 28 added by Leakhena Khat on March 28, 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.