Singapore Morning News For May 16

Singapore Morning News For May 16
Online English lessons

Singapore morning news

Singapore navy to acquire two more German-made Type 218SG submarines
Two more German-made Type 218SG submarines will join the Republic of Singapore Navy’s (RSN) fleet from 2024, Defence Minister Ng Eng Hen announced at the International Maritime Defence Exhibition on Tuesday (May 16).
– Today

ICT sector hits 27% jump in job postings in Q1
A study by JobTech revealed that there is an increase of more than 700 unique online job postings in Singapore’s ICT sector in 1Q17, up from last quarter’s recorded job posting of around 2,600.
– Singapore Business Review

AP, Singapore ink pact for developing startups in Amaravati area
Andhra Pradesh government on Monday inked a pact with Singapore for developing an area of 6.84 km at capital Amaravati as startup area in phases.
– FirstPost

Singapore property comeback fueled by developers hungry for land
Developers’ hunger for land is adding to signs that Singapore’s housing market is making a comeback after three years of price declines.
– The Straits Times

App replacing parking coupons to go on trial
The Urban Redevelopment Authority (URA) and the Housing Board (HDB), together with the Government Technology Agency of Singapore (GovTech), announced yesterday that they are developing a parking app to act as “a transition step and provide important learning points” before the move to the next-generation Electronic Road Pricing (ERP) system.
– The New Paper

SIA Engineering’s full-year net profit jumps 88.2% to $332.4m
SIA Engineering ended its financial year with a bang as it recorded an 88.2% increase in net profit.
– Singapore Business Review

Singapore government to spend SG$150 million over five years on AI
The Singapore government has plans to boost AI capabilities through the establishment of a new national programme called AI.SG as part of its Smart Nation push. This will see the National Research Foundation (NRF) invest up to SG$150 million over five years in AI.SG, said Low Teck Seng, CEO, NRF.
– Marketing-Interactive

Three months’ jail for seeking bribe for intimate acts
A Singapore Customs investigation officer (IO) abused his position by trying to obtain a bribe from a woman in the form of intimate acts.
– The New Paper

RICE Media closes six-digit seed round, to grow brand across SE Asia
RICE, a digitally native news portal engaged, has announced an undisclosed six-figure amount of seed funding from an individual investor to grow its journalistic brand across Southeast Asia.
– Deal Street Asia

Golden Agri’s net profit slumps 60% to $52.6m in Q1
Whilst Golden Agri-Resources recorded a 37% spike in revenues to $2.9b (US$2.04b) for the quarter ending in March, its net profit declined 60% to $52.6m (US$37.6m).
– Singapore Business Review

Disappointed with UBS loss, Singapore’s GIC fund cuts stake
UBS Group AG’s largest shareholder, Singapore’s sovereign fund GIC Pte, is slashing its ownership in the Swiss bank by offering a 2.4 per cent stake worth about US$1.6 billion (S$2.2 billion).
– Today

Thirst for bottled water growing in Singapore
Getting clean water in Singapore is as easy as turning on the tap, yet retail outlets are awash with brands of bottled water.
– The New Paper

Jailed: Debt collectors who wrecked Funan Mall food court stall
A debt collector who caused a commotion at a food court in Funan DigitaLife Mall in 2015 ended up being sentenced to three months’ jail on Monday (May 15) for being a member of an unlawful assembly in that incident.
– Coconuts Singapore

Important for employers to prepare staff for emergencies like terror attacks: Sam Tan
There were shouts and a flurry of activity as workers at Panasonic Appliances Refrigeration Devices Singapore reacted to a “terror” incident on Tuesday morning (May 16).
– The Straits Times


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).


Introducing The AEC News Today Mobile App

In an era of hectic schedules where time is precious, the AEC News Today mobile app enables you to stay up to date with the latest Asean news on governance and policy issues affecting the Asean Community while you are on the move and whenever you have a few minutes to spare.

See full details, including our AEC News Today Mobile App Privacy Statement here: Stay up to Date With The AEC News Today Mobile App


Download the AEC News Today mobile app from Google play or the App stores by clicking the icons below.

Download the AEC News Today mobile app for iOS here Download the AEC News Today mobile app for Android here





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.




The following two tabs change content below.

John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

Support independent media by sharing using these tools. Do not steal our content

Make a comment

Your email address will not be published.