Singapore Morning News For May 18

Singapore Morning News For May 18
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Singapore morning news

Why ThaiBev is expected to ditch its stakes in Frasers Centrepoint
ThaiBev could divest its stakes in Frasers Centrepoint as it focusses more on its food and beverage business.
– Singapore Business Review

Singtel group profit grows 2% in Q4
Singtel lifted its net profit for the fourth quarter by 2% to S$963 million ($692 million), as growth at home and a strong performance at Indonesian affiliate Telkomsel compensated for lower contributions from a struggling Bharti Airtel.
– Telecomasia

At least two NUS computers compromised in new attacks
A fresh round of cyber attacks has been made on National University of Singapore (NUS) computers, weeks after the discovery that hackers had broken into its networks – and those of the Nanyang Technological University – to steal government and research data.
– The New Paper

Temasek picks majority stake in Global Healthcare Exchange
Singapore’s state investment fund Temasek Holdings has acquired a majority stake in Global Healthcare Exchange (GHX), a provider of connected, intelligent healthcare supply chains. Financial details of the transaction were not disclosed.
– Deal Street Asia

Expat packages are worsening in Singapore and Hong Kong: Survey
The value of pay and benefits packages for expatriates moving to Hong Kong and Singapore continued to decline last year, according consultancy firm ECA International.
– The Edge Markets/ Bloomberg

Singaporean banks bulk up in wealth management
A pullback by global competitors is giving Singaporean banks opportunities to expand their wealth management operations in Asia. The latest case in point came on May 11, when Oversea-Chinese Banking Corp. said it is buying National Australia Bank’s retail banking operations in Singapore and Hong Kong.
– Nikkei Asian Review

8,700 HDB flats on offer in May BTO, balance flat launch
A total of 8,748 new flats were launched on Thursday (May 18) under the May 2017 Build-to-Order (BTO) and Sale of Balance Flats exercise, the Housing and Development Board (HDB) said.
– Channel NewsAsia

Inside Interpol’s Singapore cybercrime-fighting complex
In the wake of a ransomware cyber-attack that hit at least 200,000 computers in more than 150 countries, Microsoft President Brad Smith criticized the way governments are slow to share countermeasures.

60km of new water pipelines over the next 2 years
Some 60km of new potable water pipelines, including one in Punggol, will be built underground over the next two years to meet demands from new developments, PUB said yesterday.
– The New Paper

Non-oil domestic exports drop 0.7% in April
Exports have been on a winning streak, but an unexpected slump in the volatile pharmaceutical segment stalled the recovery last month.
– The New Paper

3D Metalforge launches first metal-focused 3D Additive Manufacturing Centre in Singapore
3D Metalforge Pte Ltd (“3D Metalforge”), a company specialising in metal printing, unveiled its first end-to-end 3D Metal Additive Manufacturing Centre (AMC) in Singapore on 17 May 2017.
– Control Engineering

Singaporean food service company fined S$90k over death of employee
Singaporean food service provider Commonwealth Culinary Creations was fined S$90,000 on Tuesday (May 16), after one of its employees slipped on the production floor on his way to check on pastries and fell to his death, as reported by Channel NewsAsia.
– Human Resources Online

Singapore 3rd in the world for life expectancy: WHO report
Singaporeans live longer than most other nationalities and they also do so in full health, according to the latest World Health Statistics report by the World Health Organisation (WHO).
– Today

NS50 vouchers: National servicemen to receive S$100 vouchers from mid-May
Past and present national servicemen will receive their S$100 NS50 vouchers starting from the middle of this month, the Ministry of Defence said on Thursday (May 18).
– Channel NewsAsia


Feature photo Jason Goh
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