Singapore Morning News For May 9

Singapore Morning News For May 9
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Singapore morning news

Southeast Asian e-commerce firm Garena raises US$550m, rebrands as Sea
Southeast Asia-focused e-commerce startup Garena Interactive Holding Ltd renamed itself Sea Ltd on Monday (May 8) and said it had raised US$550 million to expand in key markets such as Indonesia.
— Channel NewsAsia

Singapore to enforce death penalty for nuclear terrorism acts
A person who commits a fatal act of terrorism using radioactive material or nuclear explosive devices will face the mandatory death penalty under new laws passed in Parliament on Monday (May 8).
— Channel NewsAsia

Singapore logistics platform Anchanto raises funding from Luxasia, Transcosmos
Anchanto, a Singapore-based e-commerce logistics and selling platform, has raised a Series B+ funding round from Luxasia Group (Luxasia), an Asian omnichannel retailer, and Transcosmos Inc. Japan (TCI), a TSE-listed global end-to-end e-commerce enabler.
— Deal Street Asia

Oxley prices US$100m four-year notes with 6.375% interest
OXLEY Holdings said its wholly owned unit, Oxley MTN Pte Ltd, had on Monday priced its US$100 million notes that mature in four years’ time.
— The Business Times

Singapore shares open 8.9 points higher on Tuesday
SINGAPORE shares opened marginally higher on Tuesday, after a flat closing on Wall Street overnight offered little directional cues.
— The Business Times

Government taking steps to ensure affordable milk powder options
Regardless of price, all infant formula milk sold here meets quality and safety standards, as well as the nutritional requirements for infants to grow healthily.
— The Newpaper

Singapore: The Ascott acquires New York property, plans to invest $50m
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has acquired a prime property on New York’s Fifth Avenue and will invest close to $50 million (S$68 million) in it.
— Deal Street Asia

NUS to offer free course modules to alumni
Alumni of the National University of Singapore (NUS) will be able to attend some classes for free at their alma mater, the first time a campus here is offering modules to be audited at no charge by its graduates.
— The Straits Times

Singapore building capabilities to counter drone attacks: Shanmugam
Law enforcement officers here are able to assume control of a drone and end its flight, if it is found to be a security threat, said Home Affairs Minister K Shanmugam on Monday (May 8).
— Channel NewsAsia

Stricter rules on advertising, labelling of infant formula milk
The use of nutritional and health claims and idealised images for infant formula milk will be prohibited under tightened food regulations by the Agri-Food and Veterinary Authority (AVA).
— The Straits Times

Driverless trucks to hit roads in September
Belgian logistics group Katoen Natie will be testing 12 driverless trucks on Jurong Island, with the first slated to roll out in September.
— The Newpaper

Govt aims for half of F&B outlets to go digital by 2020
Making all essential payment modes available on a single terminal is something the Monetary Authority of Singapore (MAS) and other agencies are working on, as the Government aims for half the food and beverage (F&B) establishments here to adopt digital services by 2020.
— Today Online

Tighter controls over entertainment spots to clamp down on illicit activities
While agreeing that dealing more harshly with errant entertainment venues would enable Singapore to offer a dynamic night scene with less sleaze, some Members of Parliament (MPs) questioned on Monday (May 8) if the measures proposed were severe enough to counter illicit activities at such places.
— Today Online


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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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