Global 

Singapore’s January exports to China collapsed in ‘very worrying’ development for both economies

Singapore is feeling the pinch of China’s economic slowdown as exports to the mainland collapsed in January.Non-oil exports to China showed a dramatic fall in January, crashing by 25.4 per cent, while Singapore’s oil exports to China plummeted by 30.8 per cent, showing a broad-based decline, and sparking concern about the economic prospects of both nations.Sales of gold to China collapsed by 94.9 per cent, while specialised machinery exports fell 55.2 per cent and measuring instruments fell 40… Source link

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Singapore 

Parliament: New agency will strengthen Singapore’s food security, says Masagos, Singapore News

SINGAPORE – Singapore’s new food regulator will ensure the country’s food security by further developing three national strategies to obtain food, said Minister for the Environment and Water Resources Masagos Zulkifli. He set out the Singapore Food Agency’s (SFA) priorities in Parliament on Tuesday (Feb 12) during the debate on a Bill that will pave the way for its formation on April 1 to oversee food safety and security. Stressing that food security is fundamental to Singapore’s national security, Mr Masagos said Singapore must not be overreliant on any single…

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Home 

Singapore’s Zilingo raises US$226 million to expand fashion site inspired by Bangkok’s Chatuchak market

Zilingo, a Singapore-based online fashion marketplace, raised US$226 million to fund an expansion into the Philippines, Indonesia and Australia. Investors in the series D financing included Sequoia Capital, Temasek Holdings, Burda Principal Investments, Sofina and EDBI, the company said on Tuesday without disclosing a valuation. The start-up is valued at US$970 million, according to people familiar with the matter who asked not to be named because the information is private. Zilingo, founded by Ankiti Bose and Dhruv Kapoor, started as a fashion and lifestyle marketplace in 2015 to help small…

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Singapore 

Toxic bacteria found on microplastics around Singapore’s coastline, Singapore News

SINGAPORE – Toxic bacteria capable of causing coral bleaching and wound infections in humans have been found on microplastics picked up from the Republic’s coastline between April and July 2018. Marine scientists at the National University of Singapore (NUS) found more than 400 different types of bacteria on 275 pieces of microplastics collected from three beaches – Lazarus Island, Sembawang Beach, and Changi Beach. The plastic items were smaller than five millimetres each. Using DNA sequencing, the scientists found the bacteria Photobacterium rosenbergii, often associated with coral bleaching and disease.…

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Singapore 

Inside Singapore’s private kitchens, where chefs share their food, culture and personalities, Singapore News

As a founding member of the Singapore Symphony Orchestra, classical violinist Lynnette Seah may seem an unlikely ambassador for Peranakan cuisine, a truly fusion cooking style developed over centuries by Straits-born Chinese. Yet it is a role she has embraced. Seah was also one of the pioneers of private dining in Singapore, she says, when she opened Lynnette’s Kitchen at her home in the hip Tiong Bahru neighbourhood in 2014. Today, thanks in part to a government initiative to foster small, home-based businesses, the private dining scene in Singapore is…

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Singapore 

How much do haircuts at Singapore’s most popular hair salons cost?, Singapore News

Thanks to an ill-advised bob that took forever to grow out, I somehow managed to avoid expensive hair salons for the past year or two. But now that my hair is out of shape and my split ends are taking over my life, I’m on the hunt for a good hair salon to visit. It’s also coincidentally the season for pre-CNY haircuts so… Might as well. Last I remember, a basic wash-cut-blow service was $28, but those days are behind us – a typical ladies’ haircut can now cost up…

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Singapore 

Singapore’s foreign domestic workers vulnerable to forced labour, report finds, Singapore News

Foreign domestic maids in Singapore are susceptible to being victims of forced labour, despite them being documented workers with legal rights such as paid medical insurance and a rest day each week, according to a new report. Between April 2017 and March last year, 872 workers complained of issues such as overwork, verbal abuse, salary problems, inadequate food, and having to give their employers massages, said migrant rights group Humanitarian Organisation for Migration Economics (Home). Their stories formed the basis of a report titled “Behind Closed Doors: Forced Labour in…

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Singapore 

Badminton: Singapore’s Loh Kean Yew stuns Chinese legend Lin Dan to claim Thai Masters title, Singapore News

SINGAPORE – He was dubbed the “Chinese Slayer” after eliminating four shuttlers from China in his fairy-tale run from the men’s singles qualifiers to the final of the US$150,000 (S$204,000) Princess Sirivannavari Thailand Masters in Bangkok this past week. On Sunday (Jan 13), Singapore’s Loh Kean Yew, world No. 125, claimed the biggest scalp of them all when he beat Chinese badminton legend and world No. 13 Lin Dan 21-19, 21-18 in a pulsating match that lasted 46 minutes. The 21-year-old Loh was not overawed by the occasion and showed…

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Debt-laden conglomerate HNA sells space in Shanghai tower to Singapore’s CapitaLand for US$400 million

The Chinese debt-laden aviation-to-finance conglomerate HNA Group has sold 70 per cent of space in a Shanghai office building to Singapore property giant CapitaLand for 2.75 billion yuan (US$400.5 million), CapitaLand said on Monday. After the transaction, the latest divestment move by HNA, CapitaLand and a joint venture partner will own levels 8 to 19 and 21 to 32 of the 34-storey Pufa Tower – a total gross floor area of 41,773 square meters – as well as 61 car parks with property title. The tower, which also has three…

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Blackstone buys Shanghai office and mall project from Singapore’s Mapletree Investments for US$1.25 billion

The Blackstone Group has bought an office and retail complex in Shanghai from Mapletree Investments of Singapore for about US$1.25 billion – the latest mega deal in China’s commercial property sector clinched by offshore investors. The US investment firm, founded by the billionaire Steve Schwarzman, has completed the purchase of five office blocks and the mall, known as Mapletree Business City Shanghai and VivoCity Shanghai, comprising 270,000 square metres in the southwestern district of Minhang, according to two sources close to the deal. The transaction underscores Blackstone’s confidence in Greater…

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