Wednesday , January 16 2019
Breaking News


Singapore companies gearing up for hybrid cloud


Singapore enterprises are increasingly in favour of hybrid cloud as they move away from traditional datacentres, a study has found. According to Nutanix’s inaugural Enterprise cloud index, Singapore companies plan to reduce their use of traditional datacentres from 42% to 17% over the next two years. Over the same period, they are looking to increase their use of hybrid cloud ... Read More »

ICA seizes 7,500 cartons of duty-unpaid cigarettes


Singapore : A truck driver tried to smuggle almost 7,500 cartons of duty-unpaid cigarettes into Singapore by declaring the contraband consignment to be “rockwool”. However, the miscreant failed to pull the wool over the eyes of Immigration and Checkpoints Authority (ICA) officers who seized the massive haul last week. They were conducting checks on a Singapore-registered truck carrying a 20ft ... Read More »

CASE warns Ofo Singapore as users complain of fewer bikes


SINGAPORE: Even as bike-sharing company Ofo faces cash flow problems, it must continue to ensure that it has enough bicycles for its users in Singapore, said the Consumers Association of Singapore (CASE). In response to queries from Channel NewsAsia, the consumer watchdog’s executive director, Mr Loy York Jiun, said on Wednesday (Jan 2): “There have been reports that Ofo China ... Read More »

Vietnam beats Singapore to top Asean’s IPO markets

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HANOI — Vietnam has leapt to become Southeast Asia’s top grossing market for initial public offerings in 2018 with total proceeds of US$2.6 billion. Singapore, who lost its crown to Vietnam, retreated to fourth position this year with total IPO value of just $500 million. Thailand ranked second with total proceeds of $2.5 billion and Indonesia was in the third ... Read More »

JB port limits will not be discussed at Singapore JMC meeting, says ministry


THE Malaysia-Singapore Joint Ministerial Committee (JMC) for Iskandar Malaysia does not have the mandate to discuss issues related to the Johor Baru port limits, said Singapore’s Foreign Affairs Ministry. According to a ministry spokesman, the JMC for Iskandar Malaysia, which is a regular institutionalised bilateral platform for Singapore and Malaysia to review the progress of economic cooperation in Iskandar Malaysia, ... Read More »

Singapore start-up Gogoprint buys Indonesia printing business


SINGAPORE – Singapore-based Gogoprint has acquired Prinzio, an Indonesian printing start-up specialising in commercial printing outsourcing, to boost the growth of its business in Indonesia. In a media statement, Gogoprint said that Prinzio has been operating in Indonesia since 2016 and is backed by principal investor, East Ventures. The startup has worked with clients including Google, e-payments platform Ovo and ... Read More »

Japan Foods in regional tie-up with Minor Singapore


Singapore : Catalist-listed Japan Foods Holding has teamed up with a fellow restaurant operator to run each other’s brands in Japan, Thailand and China. The collaboration involves creating a joint venture with Minor Singapore, an indirect subsidiary of Minor International Public. Each firm will hold 50 per cent. Japan Foods will run the joint venture’s Thai eatery operations in Japan ... Read More »

9 caught with contraband cigarettes in Yishun and Sengkang


SINGAPORE: Nine people have been caught with duty-unpaid cigarettes in two operations in Yishun and Sengkang, said Singapore Customs in a Facebook post on Thursday (Dec 13). The raids, conducted together with the Housing and Development Board (HDB), took place on Dec 6 and 11. Read More »

Errant Singapore motorists should be barred from leaving Malaysia


KUALA LUMPUR: Motorists from Singapore with outstanding summonses should be barred from leaving Malaysia until they settle the amount owed, said Malaysian senator Rabiyah Ali in parliament on Wednesday (Dec 5). Rabiyah said the proposal is aimed at curbing Singaporean drivers who use the country’s highways as a testing ground for their vehicles’ speed. “The problem pertaining to the illegal ... Read More »

Singapore to ban discharge of wash water from scrubbers at port


Singapore’s Maritime Port Authority (MPA) is set to ban the discharge of wash water from open-loop exhaust gas cleaning scrubbers into port waters. The ban is expected to be effective from 1 January 2020 when International Maritime Organization’s (IMO) upcoming regulation on the 0.5% sulphur cap is scheduled to come into force. The regulation requires ships to reduce the presence ... Read More »

Singapore placed 10th as most visited destination


The lion city is most popular amongst travellers from the UK thanks to its cuisine and heritage. Singapore rounded off the top 10 global destinations most visited by travellers in 2018, according to a report by Twitter. Of the four countries from the Asia Pacific (APAC) region which made the top 10, Singapore lagged behind Thailand which placed third, Australia ... Read More »

Singapore is APAC’s most prepared city: study


Singapore topped the list as the most prepared city in the Asia Pacific (APAC) region, a study by Cushman and Wakefield revealed. It bested other APAC cities such as Melbourne (2nd) and Shanghai (3rd). According to the study, the Lion City ranked first in terms of governance compared to other APAC cities. The report noted that the city-state leads the ... Read More »

COSCO and PSA Agree to Expand Singapore Terminal


COSCO Shipping Ports (CSP) has signed a memorandum-of-understanding (MoU) with terminal operator PSA for the addition of two new berths at the COSCO-PSA Terminal (CPT) in Singapore. The expansion will equip the CPT with five mega-vessel berths and increase its capacity to five million TEU. According to a joint statement, the new berths will strengthen CSP’s presence in Singapore and ... Read More »

Malaysia, Singapore like twins, says Dr M


SINGAPORE: Prime Minister Dr Mahathir Mohamad today said he hoped to continue Malaysia’s good relations with Singapore, describing the two countries as twins who were slightly different in size, with “the elder twin a little bit bigger and older than the younger twin”. “But we have been able to live together on reasonably harmonious terms,” he said in his speech ... Read More »

Russian cybersecurity firm Group IB to open global HQ in Singapore: CEO

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MOSCOW: Russian cybersecurity company Group IB is to open a global headquarters in Singapore this year or in early next as part of international expansion plans, chief executive Ilya Sachkov said. Sachkov, 32, is a co-founder of the Moscow-based company which was set up in 2003 and focuses on investigating high-tech crimes and online fraud. Its clients include banks, energy ... Read More »

Singapore box volumes increase in October


Singapore : The port of Singapore has moved higher container throughput in October both on a year-on-year and month-on-month comparisons, according to data from the Maritime and Port Authority of Singapore (MPA). Singapore registered volumes of 3.15m teu in October, an increase of 6.4% compared to 2.96m teu seen in the same period of last year, MPA figures showed. Last ... Read More »

Tourist spending in Singapore slips 1.7% in Q2 despite 8% rise in visitor arrivals


Singapore : OVERALL tourism spending the second quarter of this year declined 1.7 per cent to S$6.6 billion, compared to the same period last year, said the Singapore Tourism Board (STB) in its quarterly report on Friday. This was despite some 4.6 million visitors arriving in Singapore between April and June this year, an 8 per cent increase on the ... Read More »

Singapore Reaffirms Support for BRI


Singapore and the Chinese city of Chongqing have signed a series of memorandum of understandings (MoUs) to improve links in trade, finance, technology and transport. The MoUs were signed during the inaugural Singapore-Chongqing Financial Summit on November 2 in Chongqing, which was attended by more than 500 government officials and businesspeople from China and Southeast Asia. As well as agreements ... Read More »

New Zealand beats Singapore in ease of doing business rankings


Pulau Ujong : Singapore can improve by making property registration and electricity application easier.Singapore clinched the second spot in the ease of doing business rankings by the World Bank where it scored 85.24. It lagged behind New Zealand which bagged the first place with the score a score of 86.59. The report noted that the top three economies in the ... Read More »

Singapore exchange makes first physical palm oil delivery

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SINGAPORE : The Asia Pacific Exchange (APEX), which started trading palm oil futures in Singapore this year, has completed the cargo loading for the first physical delivery under its contract, a company spokesman said. The inaugural delivery of 4,000 tonnes of palm olein took place last week in Indonesia’s Dumai port, from where the product will be shipped to Pakistan, ... Read More »