Singapore Morning News For May 4

Singapore Morning News For May 4
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Singapore morning news

Further US rate hikes could put strain on Singapore borrowers: Analyst
The US Federal Reserve’s latest decision to keep key lending rate unchanged was widely anticipated, but policy makers expect to raise rates twice more for a total of three increases for 2017 – more hikes than they had made in the previous 10 years combined.
— Channel NewsAsia

Singapore PMI rises to 52.6 in April
The Nikkei Singapore Purchasing Managers’ Index, or PMI, rose to 52.6 in April from 52.2 in March, hitting the highest reading in five months. April’s growth was supported by expansions in output and new orders.
— Nikkei Asian Review

Singapore’s NRF to invest $107m to boost capabilities in artificial intelligence
Singapore’s National Research Foundation (NRF) will invest S$150 million ($107.3 million) in building the city-state’s capabilities in artificial intelligence (AI), with an emphasis on finance, healthcare and city management solutions.
— Deal Street Asia

Up to S$150m boost for Singapore’s artificial intelligence push
UP to S$150 million will be committed to AI.SG, a new national programme that seeks to boost Singapore’s capabilities in artificial intelligence (AI).
— The Business Times

Singapore residents can use registered profile on government’s personal data platform to open new accounts with four banks
The Smart Nation and Digital Government Office (SNDGO) and Government Technology Agency of Singapore (GovTech) have launched a pilot with four banks to enable people to use their registered profile on Singapore government’s MyInfo service to apply for new bank accounts.
— Open Gov

Why this company’s scanning technology is a smugglers’ nightmare
At Decision Sciences International Corp.’s Poway headquarters, a 20-foot shipping container sits beneath a car-wash size scanner.
– The San Diego Union-Tribune

Drugs worth S$418,000 seized at Woodlands Checkpoint
Authorities intercepted a “sizeable quantity” of “ice”, cannabis and Erimin-5 that arrived at Woodlands Checkpoint in the guise of washing powder, flour and cereal, the Immigration and Checkpoint Authority (ICA) said on Wednesday (May 3).
— Channel NewsAsia

SCDF unveils new vessels to boost firefighting at sea
To respond quicker to marine emergencies, the Singapore Civil Defence Force (SCDF) yesterday introduced two new Rapid Response Fire Vessels (RFVs).
— The Newpaper

Asia Stocks-Singapore extends gains; most others down
Singapore shares extended gains into a second session on Wednesday, helped by financials, while most other Southeast Asian markets finished lower as investors were cautious ahead of the U.S. Federal Reserve’s policy decision.
— The Star Online

Four banks start pilot use of MyInfo platform
MYINFO, Singapore’s digital personal data platform, which allows users to auto-fill details like their name, identity card number and registered residential address on government online forms, can now be used with four banks to auto-fill forms.
— The Business Times

Pan-United to spin off China ports business in HK listing
RIDING on a wave of improved sentiment around the world and in China, Pan-United Corporation said on Wednesday that it will spin off its profitable China river ports business and list it in Hong Kong as Xinghua Port Holdings.
— The Business Times

Singapore shares open flat on Thursday
SINGAPORE stocks opened flat on Thursday, with the Straits Times Index gaining 0.25 points to 3,238.06 as at 9.02am.
— The Business Times

Interns in Singapore can get up to $5k monthly, data shows
Interns working at foreign investment banks in Singapore and sovereign wealth fund GIC can receive between $3,000 and $5,000 monthly, according to data compiled by jobs site Glassdoor.
— The Straits Times

Diet high in saturated fats linked to gut inflammation: Study
Scientists have found more evidence that a diet high in saturated fats is linked to more inflammation in the gut that, in turn, could cause colorectal cancer.
— Today Online

Cyber Security Agency of Singapore organising gamified Cybersecurity Challenge in collaboration with UK Government-backed organisation
The Cyber Security Agency of Singapore (CSA) is organising the Cybersecurity Challenge Singapore, a series of challenges and competitions designed to inspire and spur cyber enthusiasts to join the cybersecurity profession.
— Open Gov


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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.




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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.

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