Singapore Morning News For May 25

Singapore Morning News For May 25
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Singapore morning news

Singapore Sees Growth Exceeding 2% in 2017 as Exports Climb
Singapore’s government gave an upbeat outlook on the economy, saying it will probably expand more than 2 percent this year as exports continue to strengthen.
– Bloomberg

General Motors expected to downsize Singapore HQ
Auto giant General Motors (GM) has reported that it will be slashing headcount in its Singapore headquarters to drive stronger financial performance and focus its capital and resources on business opportunities expected to deliver higher returns.
– Human Resources Online

Singapore’s IMDA to focus on four frontier tech areas
At the Infocomm Media Business Exchange 2017, Dr Yaccob Ibrahim, Minister for Communications and Information, said that Singapore’s Infocomm Media Development Authority (IMDA) has identified four frontier technology focus areas-AI and data science, cybersecurity, immersive media, and the IoT.

A tiny island off Singapore may hold keys to energy’s future
On a small island off the southern coast of Singapore, a French energy company is experimenting with what it hopes will be the future of renewable power storage.
– Bangkok Post

Singtel’s Optus adds 147,000 subscribers in Q1
Telco giant Singtel continues to see growth in its Australian operations as competition heats up.
– Singapore Business Review

Government tenders worth an estimated S$2.4 billion to be given out
A projected S$2.4 billion worth of government infocomm technology (ICT) tenders will be given out this financial year, with a big shift to roll out digital and data projects to support the Smart Nation drive, the Government Technology Agency (GovTech) said.
– Today

Healthcare sector looking healthy
Over the past year, Singapore’s healthcare providers have outperformed Asia-Pacific peers
– The New Paper

Singapore sets aside S$2.4 billion for government ICT tenders to co-create Smart Nation
The Singapore government will set aside about S$2.4 billion for public sector ICT tenders this year in an effort to co-create Smart Nation with the private sector.
– MIS Asia

Singapore files written observations over Malaysia’s application to revise judgment on Pulau Batu Puteh
ingapore on Wednesday filed its written observations with the International Court of Justice over Malaysia’s application to revise a 2008 judgment that awarded Pulau
– The Star Online

Built to Last: Ngee Ann Technological College, Singapore
ADB worked with the Singapore government in the 1970s to improve technical education at Ngee Ann Technological College. It is still providing education and training for more than 15,000 students.

No need for mega event space in Singapore yet
To build or not to build a mega venue is the question Singapore’s events industry is pondering about, in light of the biennial Food & Hotel Asia (FHA) expanding beyond a single event venue and requiring almost 150,000m2 of space in 2018.
– TTGAsia

S’pore firms should ride on Vietnam’s rising growth
With the increased emphasis on internationalisation in Budget 2017 and uncertainty in the economic climate, it has become even more critical for Singapore companies to go global.
– Today

UOB wins the game of loans against other banking giants
UOB outperformed its peers in sequential loan growth for three consecutive quarters, RHB said.
– Singapore Business Review

Market forces fail working women in Asian hubs
For women striving for a seat at the top table, Asia is a depressing place. Hong Kong and Singapore lag Western peers in terms of
– Nasdaq/ Reuters

Most S’poreans concerned about fake news: BBC study
Over 80 per cent of Singaporean news consumers are concerned about fake news, the highest among the five countries surveyed by BBC Global News.
– Today

Crouching Panda, hidden Roo: Who is getting the hop on Singapore’s food delivery market?
Singapore’s love for home delivered food is growing fast, with an estimated $250 million a year dispatched to hungry diners’ homes this year and could grow to $600 million by 2021.
– Singapore Business Review


Feature photo tpsdave
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