The Australia-Singapore business connection: August ‘13
High Commissioner Philip Green holds $500,000 worth of gold at ANZ's gold vault in SG
Thursday 5 September 2013
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Welcome to our monthly wrap of business news linking Australia and Singapore.
Renowned brands ANZ, SingTel, Visa, Scoot and Tigerair made headlines in August, including:
- ANZ Opens a Gold Vault in Singapore
- SingTel, Visa tie up for smartphone payment service in Singapore, Australia
- Gympie gold mine sold to Singapore company
- Scoot, Tigerair Australia start talks on relationship
- Singapore Airlines starts work on Sydney's new SilverKris lounge
- Singapore’s strategic shift highlights role for Australian companies
Descriptions and links to articles below:
ANZ Opens a Gold Vault in Singapore - 1 Aug 13
Following the footsteps of global rivals including UBS AG, JPMorgan Chase & Co. and Deutsche Bank AG, Australia's ANZ Banking Group has opened a gold vault in Singapore.
http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-291518/
SingTel, Visa tie up for smartphone payment service in Singapore, Australia - 1 Aug 13
SingTel and Visa today announced a strategic alliance that will enable consumers in Singapore and Australia to pay for goods and services using their smartphones at all Visa payWave acceptance points worldwide.
http://www.straitstimes.com/breaking-news/money/story/singtel-visa-tie-smartphone-payment-service-singapore-australia-20130801
Gympie gold mine sold to Singapore company - 4 Aug 13
FE LIMITED has signed a conditional term sheet to sell its Gympie Eldorado gold mine to a Singapore-based private Mining and Metals trading company for $250,000 in cash.
http://www.sunshinecoastdaily.com.au/news/gympie-gold-mine-sold/1970078/
Scoot, Tigerair Australia start talks on relationship - 5 Aug 13
Singapore Airlines' budget offshoot, Scoot, has opened the door to a tie-up with Tigerair Australia following Virgin Australia gaining control of the latter.
http://www.brisbanetimes.com.au/business/scoot-tigerair-australia-start-talks-on-relationship-20130804-2r7j9.html
Singapore Airlines starts work on Sydney's new SilverKris lounge - 12 Aug 13
A stylish new Singapore Airlines lounge is taking shape at Sydney Airport ahead of a November 2013 reveal for the new-look SilverKris lounge network.
http://www.ausbt.com.au/singapore-airlines-starts-work-on-sydney-s-new-silverkris-lounge
SingTel to Keep Australian Optus Satellite Unit After Review - 13 Aug 13
Singapore Telecommunications Ltd. (ST), Southeast Asia’s biggest phone company, plans to keep its Australian satellite unit after concluding a strategic review.
http://www.bloomberg.com/news/2013-08-13/singtel-to-keep-australian-optus-satellite-unit-after-review.html
Singapore’s strategic shift highlights role for Australian companies - 22 Aug 13
Singapore Prime Minister Lee Hsien Loong’s plan to ensure the nation remains competitive highlights opportunities for Australian companies in the healthcare, infrastructure and education sectors, according to the Australian Trade Commission’s (Austrade) representative there.
http://www.austrade.gov.au/About-Austrade/News/Latest-from-Austrade/2013/Singapores-strategic-shift-highlights-role-for-Australian-companies
If you have any contributions or feedback, please send an email to the Public Affairs team at the Australian High Commission: [email protected].
For more information on the Australian business community in Singapore please contact AustCham Singapore (http://www.austcham.org.sg/).
Disclaimer: http://dfat.gov.au/disclaimer.html