Singapore Morning News For May 5

Singapore Morning News For May 5
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Singapore morning news

Singapore banks seek to simplify online transactions
Four banks in Singapore are participating in a pilot that aims to explore ways to simplify online banking transactions with the use of the government’s MyInfo online authentication service.
— Telecom Asia

Singapore online users are 9th worst Internet pirates in the world: Report
Despite having an abundance of content options such as Netflix and Spotify, online users in Singapore are the ninth-worst Internet pirates in the world, a report has found.
— Today Online

Singapore: Vertex backs Israeli ag-tech firm Taranis in $7.5m Series A round
Israeli precision agriculture intelligence platform Taranis has closed a $7.5 million Series A round of financing led by Finistere Ventures, an AgTech venture pioneer, and Vertex Ventures.
— Deal Street Asia

Cromwell set for $1.8bn portfolio listing in Singapore
Cromwell Property Group is ­advancing plans to list a $1.8 billion portfolio of European office buildings and industrial assets on the Singapore stock exchange with rights over more assets that could lift the value to nearly $3bn.
— The Australian

UOB unit drives FDI worth over $27b in S-E Asia
A unit at United Overseas Bank (UOB) that deals with foreign direct investment helped steer more than $27 billion worth of business spending in South-east Asia last year – double the amount recorded in 2015.
— The Straits Times

8,000 visit first day 
of Star Wars festival
On Thursday night (May 4), at 8pm, something special took place at the Supertree Grove at Gardens by the Bay.
— Today Online

Changi Airport’s Terminal 4 to have 80 retail outlets, ‘heritage zone’
More than 80 retail outlets and a new heritage-themed zone will open at Changi Airport’s Terminal 4 (T4) when it opens in the second half of this year.
— Channel NewsAsia

FLT’s Q1 DPU slightly above projection at 1.75 Singapore cents
INDUSTRIAL landlord Frasers Logistics & Industrial Trust (FLT) on Friday posted a first-quarter distribution per unit (DPU) of 1.75 Singapore cents, above a projected 1.64 Aussie cents.
— The Business Times

Singapore shares open 0.1% higher on Friday
SINGAPORE stocks opened 0.1 per cent higher on Friday, with the Straits Times Index rising 4.17 points to 3,232.79 as at 9.02am. The blue-chip index edged up as fears lessened over the outcome of the French presidential elections.
— The Business Times

IMDA Singapore signs MOIs with three leading local banks to provide IMDA-accredited companies with access to innovative banking sector projects
During the ongoing Smart Nation Innovations Week, the Infocomm Media Development Authority of Singapore signed individual Memorandum of Intents (MOIs) with three leading local banks, United Overseas Bank (UOB), Development Bank of Singapore (DBS) and Oversea-Chinese Banking Corporation (OCBC) to provide accredited companies with increased access to innovative projects in the banking sector.
— Open Gov

SGX reprimands SingPost over inaccurate declaration in FSM deal
Singapore Post (SingPost) was reprimanded by the Singapore Exchange (SGX) on Thursday (May 4) for breaching listing rules relating to the acquisition of FS Mackenzie (FSM).
— Channel NewsAsia

Singapore maps out goals for its Asean chairmanship
SINGAPORE will pursue tangible results for Asean in the areas of digital economy and facilitating trade when it takes over chairmanship of the regional bloc next year.
— The Business Times

Online suicide game prompts MOE advisory
With youngsters increasingly consumed by the world of social media, parents and educators here are increasingly concerned about their mental well-being, especially with suicide-related content trending online
— The Newpaper

POSB e-payment trial to track maids’ pay
A new e-payment scheme is being tried out here to minimise disputes over money between employers and maids.
— The Newpaper

Singapore aims for homegrown P&I Club; expands marine insurance footprint
Singapore is aiming to have a protection and indemnity club, or P&I Club, in the medium term and is also working to have its own clause, a senior industry executive said at the recent Singapore Maritime Week.
— Hellenic Shipping News Worldwide


Feature photo Slivester
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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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