Singapore Morning News For June 26

Singapore Morning News For June 26
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Singapore morning newsThe Big Read: The not-so-Great Singapore Sale — after 25 years, once-premier shopping event is now left in the dust
The Great Singapore Sale (GSS) marks its Silver Jubilee this year, but one can hardly tell while taking a walk along Orchard Road — Singapore’s prime shopping belt — or visiting any suburban malls.
Channel NewsAsia 

Singapore among region’s top cross-border investors in commercial real estate
SINGAPORE was the third-highest source of commercial real-estate capital outflow in the Asia-Pacific last year, with a 35 per cent growth in cross-border purchases to US$19.9 billion.
The Business Times (paywall)

oBike shuts operations in Singapore, bike-sharing users left in the lurch
Thousands of users were left high and dry after homegrown bicycle-sharing operator oBike pulled out suddenly from the Singapore market, saying it was tough to meet new rules under a licensing regime to tackle indiscriminate parking.
Today Online 

Cryptic Labs and LongHash Announce Strategic Partnership for Blockchain Research
Cryptic Labs and LongHash today announced a strategic partnership to co-incubate blockchain start-ups and to promote the understanding and research of Cryptography in the context of blockchain technology.
AEC News Today/ PR Newswire (media release)

Diabetes Singapore adopts Crux LX for collaboration
Singapore startup Crux Labs has deployed its Crux LX integrated telephony product for non-profit organization Diabetes Singapore (DS). 

Exclusive: Price of water sold to Singapore ‘ridiculous’; Malaysia to renegotiate deal, says Mahathir
The price of water being sold to Singapore is “ridiculous”, and Malaysia will make a presentation to its neighbour on renegotiating the terms of the water supply deal, Prime Minister Mahathir Mohamad said on Monday (Jun 25).
Channel NewsAsia 

The digital telco: Circle.Life’s value proposition for consumers
Mobile Virtual Network Operators (MVNOs) usually find success by catering to niches in the various markets they operate in. 

40 stunning free photos of Singapore
Using great pictures is imperative for any marketing activity to display a professional and appealing message to potential customers.
Asean Up 

New NetGain Systems v10 Enterprise Manager Delivers a Comprehensive Solution for Next Level IT Monitoring Experience
NetGain Systems today announced its new v10 Enterprise Manager (EM) — the region’s latest IT monitoring solution targeting businesses seeking to optimize their IT infrastructure’s performance and reliability without having to face possible downtime in their IT infrastructure.
AEC News Today/ PR Newswire (media release)

Malaysia, Singapore must ‘comply fully’ with Water Agreement provisions: MFA
Both Malaysia and Singapore must “comply fully” with the provisions of the 1962 Water Agreement and the 1965 Separation Agreement, a spokesperson for the Ministry of Foreign Affairs (MFA) said on Monday (Jun 25).
Channel NewsAsia 

Singapore merchants can now collect their Nets terminals one day after applying online
The race to a cashless Singapore just picked up, as Nets announced on Monday (June 25) that merchants can now get their hands on its terminals one day after submitting their applications online.
The Straits Times

Global Trade Concerns Send Singapore Stocks to a Nine-Month Low
Singapore stocks slumped to their lowest level in almost nine months as concerns about prospects for global trade dragged markets lower.

Recruitment Platform FindWork Secures US$2Mil Seed Funding and Launches Job Search App in Southeast Asia
Blue collar and service industry recruitment platform FindWork has raised a collective US$2 million since August 2017 by angel investor Bernard Chong to expand across Southeast Asia. Bernard Chong has invested in a multitude of tech startups across the region, including ASI Studios and Synergy88 Digital in the Philippines.
AEC News Today/ PR Newswire (media release)

Singapore’s inflation rate rose to 0.4% in May
Singapore’s headline inflation rate rose to 0.4 per cent in May compared to the 0.1 per cent recorded in April, according to the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) on Monday (Jun 25).
Channel NewsAsia

SCDF team is runner-up in Asian emergency medical services contest
A man suffers a heart attack and falls down an escalator with his baby in a pram. As a result, his hysterical wife suffers an asthma attack and collapses.
The Straits Times 

Fast Asia Open: Hong Kong trade data, Singapore industrial production
The Trump administration’s trade war with Europe widened on Monday after Harley-Davidson announced it would move some manufacturing out of the US to avoid EU tariffs and Brussels prepared further retaliatory measures in case of new White House duties.
Financial Times 

MySQUAR says Singapore money transfer tests go well
MySQUAR expects a soft launch of the remittance service in July and will initiate marketing in both Myanmar and Singapore in conjunction with its partners
Proactive Investors 

NaviCom International Investment to Open New Office in Singapore During 2018
Hong Kong-based alternative investment manager to expand Asia-Pacific operations with the opening of a Singapore office.
NaviCom International Investment is pleased to announce that its application for a Capital Markets Services (CMS) License has been approved by the Monetary Authority of Singapore.
AEC News Today/ PR Newswire (media release)

Singapore 380 CST cash differential hit a three-year high on tight supply
Singapore 380 CST high sulfur fuel oil cash differential rose to a premium of $4.94/mt at the Asian close Friday, a three-year high amid tight supply stemming from low arbitrage inflow, S&P Global Platts data showed.
Hellenic Shipping News 

Elected MPs pay S$365 a year for parking at HDB car parks and Parliament House
Elected Members of Parliament (MPs) pay S$365 for an annual permit that allows them to park at Housing & Development Board (HDB) car parks when doing constituency work and at Parliament House when on official business, the Ministry of National Development (MND) said on Monday (Jun 25).
Channel NewsAsia 

Ong Ye Kung: Singapore needs mindset change; skills are as important as university education
With the number of degree holders growing in the nation, Singapore must undergo a perspective shift in believing that a university degree and corporate life are the only parameters of success. Developing skills are just as important for the future.
The Independent Singapore

Sembcorp wins 50-MW rooftop solar deal in Singapore
Sembcorp Industries Ltd (SGX:U96) said on Sunday that one of its wholly-owned units has won a project to install 50 MW of grid-tied rooftop solar systems in Singapore.
Renewables Now 

Iron awe: How Singapore became world’s main trading hub in just 10 years
MOST cycling and barbecue enthusiasts in East Coast Park would have seen heavily laden vessels carrying a variety of commodities, mostly heading eastwards.
The Business Times (paywall)


Feature photo Michael Coghlan


Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

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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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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