Singapore Morning News For May 22

Singapore Morning News For May 22
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Singapore morning news

Nearly 5 in 10 Singaporeans don’t feel safe shopping online
According to the latest Mastercard Online Shopping Survey, online shopping has become an increasingly popular online activity compared to three years ago (75.4% vs 67.3%), with nearly all 18-24 year olds in Singapore (98.6%) having made an online purchase in the last 3 months.
– Singapore Business Review

Singapore posts higher sales in upscale condos
Sale of luxury condos and private apartments costing at least S$10 million increased to 36 units last year, reported The Business Times, citing URA Realis caveats data compiled by Savills.
– PropertyGuru

Singapore ‘supports joint efforts’ to sustain TPP: Lim Hng Kiang
Singapore “supports the joint efforts” of the remaining Trans-Pacific Partnership (TPP) signatories to sustain the massive free trade deal, Minister of Trade and Industry (Trade) Lim Hng Kiang said on Sunday (May 21).
– Channel NewsAsia

Megaport Singapore links up with AliCloud
Megaport Singapore, a subsidiary of Australia’s Megaport, has entered into an arrangement to provide enterprises with direct and scalable access to Alibaba Cloud via the Megaport global SDN.

Robo-advisor StashAway closes $2.25m pre-Series A
Singapore-based digital wealth advisor StashAway has secured a $2.15 million pre-series A round.
– Deal Street Asia

Are Singapore’s weak April exports numbers just a temporary blip?
Non-oil domestic exports (NODX) experienced a decline after six months of acceleration. A sharp decline in pharmaceuticals weighed down the supposed recovery.
– Singapore Business Review

Doctors selling clinics spark rally in Singapore health stocks
Health-care stocks in Singapore have rewarded investors with an average 50 per cent gain in the past year, a rally that may continue as companies acquire local clinics to expand in the region’s medical-care market.
– Today

Why the rally in Singapore’s healthcare stocks may not be over
According to a report from Bloomberg Markets, healthcare stocks in Singapore have rewarded investors with an average 50% gain in the past year, a rally that may continue as companies acquire local clinics to expand in the region’s medical care market.
– Singapore Business Review

More losses for offshore support vessel owner Vallianz Holdings
Offshore support vessel owner and operator Vallianz Holdings reported wider losses, as it had to recognise further write-downs to the tune of more than US$200 million (S$276.97 million).
– The Straits Times (metered paywall)

High levels of mercury detected in facial cream sold online: HSA
A facial cream that was being sold on several online platforms, including Lazada and Qoo10, has been found to contain high levels of mercury, the Health Sciences Authority (HSA) said on Monday (May 22).
– Today

Free carpooling app for mosque-goers to be launched in time for Ramadan
Three weeks ago, 15 youths from the Malay/Muslim community decided to come together and create a free carpooling app for mosque-goers.
– Today

Work-life balance preference is now at an all-time high
Salary and benefits have long been the single most important factor for employees when looking for jobs and the results from Randstad’s recent Employer Brand Research for 2017 largely reflect that. – See more at:
– Singapore Business Review


Feature photo tpsdave
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