Singapore Morning News For May 2

Singapore Morning News For May 2

Singapore morning news

Singapore’s GDP to grow 2.2% this year: UN agency
The Republic’s growth outlook is expected to pick up to 2.2 per cent this year and 2.5 per cent in 2018, mainly conditional on a revival in global trade. According to the Economic and Social Survey of Asia and the Pacific 2017 released yesterday by the United Nations Economic and Social Commission for Asia and the Pacific (Unescap), projected economic growth remains below the past trend.
— Today Online

Singapore’s DBS reports Q1 net interest income at S$1.831 bln vs S$1.833 bln year ago
Singapore’s top lender, DBS Group Holdings, on Tuesday reported first quarter net interest income came in nearly flat at 1.831 billion Singapore dollars ($1.31 billion), down slightly from SGD 1.833 billion a year ago.

CCT divests One George Street for S$1.18b into limited liability partnership
CAPITALAND Commercial Trust (CCT) has sold One George Street for S$1.18 billion into a limited liability partnership, which it will own 50 per cent of.
— The Business Times

Singapore continues to issue more EPs to recruit foreign FTs
Recent reports have suggested that Singapore is clamping down on issuing visas for foreign professionals to work in Singapore, particularly against IT professionals from India.
— The Independent

Singapore Air May Land Unusual Net-Debt Spot as Soon as 2018
A record plane-buying spree is poised to land Singapore Airlines Ltd. in an unfamiliar territory.
— Bloomberg

AEC News Today mobile app for Android V2.0

Singapore shares open 14.9 points higher on Tuesday
SINGAPORE stocks opened 0.5 per cent higher on Tuesday, with the Straits Times Index gaining 14.89 points to 3,190.33 as at 9.02am. The blue-chip index was lifted after Wall Street advanced on Monday.
— The Business Times

The contracting market in Singapore is set for impressive growth this quarter, according to recruitment experts Hays.
— CFO innovation Asia

NTUC training fund for skills upgrading hits $100m mark
A total of $25 million has been raised for a National Trades Union Congress training fund to help workers upgrade their skills, said labour chief Chan Chun Sing.
— The Straits Times

Singapore’s PSA goes high-tech and retains all its port workers
The “giraffes” that used to work continuously at PSA Corporation’s Tanjong Pagar Terminal have long been a visual cue of Singapore’s economic health.
— Malay Mail Online

Singapore’s Apple Store to open in May after construction delays: Report
After several false dawns, Apple’s first retail store in South-east Asia could be set for a May opening.
— The Straits Times

Singapore, HK need deep tech talent pipeline: Gaurav Sharma, Atlantis Capital
Gaurav Sharma of Atlantis Capital believes that the venture ecosystems of Asian destinations such as Singapore and Hong Kong need a Silicon Valley-like deep tech talent pipeline in order to grow. When it comes to talent, he also suggests that Asia-based venture capital firms look inwards and diversify their own talent profiles to drive performance.
— Deal Street Asia

Clinics used for sexual services ‘tarnishing TCM image’
Traditional Chinese medicine (TCM) clinics that provide sexual services are a concern, and industry players and the authorities must take a stand against such unsavoury practices, said Senior Minister of State for Health Chee Hong Tat.
— The Straits Times

PM Lee accepts Trump’s invite to visit Washington
Prime Minister Lee Hsien Loong has accepted an invitation from US President Donald Trump to visit Washington, and hopes to make the trip this year.
— The Newpaper

Singapore-listed firm wins $618 million contract to build and operate water project in China
A Singapore-listed company has won a $618 million contract to build and operate a water supply project in Jinan in China’s Shandong province.
— The Straits Times

Warships from 20 countries to dock at Singapore’s first international maritime review
Come May 15, the Singapore flag won’t be the only one billowing in the wind at Changi Naval Base.
— Channel NewsAsia

Used Cooking Oil To Help Fuel Singapore-San Francisco Flights
Singapore Airlines officials announced Monday that bio-fuel produced from used cooking oil will help power its Airbus A350-900 on the nearly 17-hour flight between Singapore’s Changi airport and San Francisco International.
— CBS SF Bay Area

Singapore leads region by online video consumption
Singaporeans lead the region in online video consumption, spending two hours every day tuning into video content, according to the results from a new YouTube Consumer Insights study conducted by Google Singapore and Kantar TNS.
— Telecom Asia

Changi subsidiary wins bid to operate Saudi Arabia’s Jeddah airport
A consortium led by a subsidiary of Changi Airport Group (CAG) has been awarded the contract to operate the King Abdulaziz International Airport (KAIA) in Jeddah, Saudi Arabia, for up to 20 years.
— Today Online

S$250k raised to bring comatose Singaporean home
The daughter of a Singaporean who is in a coma has raised enough money to bring him back from Tokyo, and he is set to arrive today.
— Today Online

AEC News Today mobile app for iOS V2.0 c


Feature photo Slivester
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.

Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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

Make a comment

Your email address will not be published.