TL;DR

Who: Fairprice, Gahmen and Facebook

Weekly Business Brief | 2019 Week 36

Wrapping up the week's business news and announcements.

SBO Singapore Weekly Business Brief
Published:   |   Updated:   |   Posted in

FairPrice to charge for plastic bags at selected outlets in month-long trial

The proceeds will go to the Singapore Children’s Society and the Straits Times School Pocket Money Fund…

From Sep 16, shoppers will be charged for plastic bags at seven NTUC FairPrice-owned outlets in a month-long trial, the retailer said on Wednesday (Sep 4).

The proceeds will go to the Singapore Children’s Society and the Straits Times School Pocket Money Fund, FairPrice said in the media release.

Alongside the trial, a consumer sentiment survey will also be conducted “to better understand consumer behaviour and gather public feedback on efforts to encourage the community to ‘bring-your-own-bag’ (BYOB)”.

FairPrice also launched on Wednesday a S$1 million FairPrice Sustainability Fund to sponsor projects on reducing waste in Singapore, such as in product packaging, plastic bag use and food, especially within the consumer-retail sector.

Read more in this Channel NewsAsia report.

Tech support: Singapore seeks foreign talent for key sector as economy stumbles

“Demand for tech talent is far outstripping the local supply… We need to complement our local pipeline with skilled workers from all around the world.”

Singapore is pursuing more foreign tech talent as it ramps up efforts to grow the sector, its trade minister said on Monday, adding that locals would also benefit from the plans amid concerns about preserving jobs as the economy sours.

“We are accelerating our efforts to develop our tech talent,” Trade Minister Chan Chun Sing told parliament.

“Demand for tech talent is far outstripping the local supply… We need to complement our local pipeline with skilled workers from all around the world.”

Foreign labor has long been a socially sensitive topic in Singapore, which is due to hold an election in the next 18 months. It was seen as one of the biggest issues for voters in the ruling party’s worst election result in 2011.

But Chan said Singapore cannot afford to “sit back” amid a global shortage of tech talent, citing concerns raised by firms with expansion plans such as Alibaba and Grab.

Read more in this Reuters report.

400 million Facebook users’ phone numbers exposed in privacy lapse: Reports

An exposed server stored 419 million records on users across several databases…

Phone numbers linked to more than 400 million Facebook accounts were listed online in the latest privacy lapse for the social media giant, US media reported Wednesday (Sep 4).

An exposed server stored 419 million records on users across several databases – including 133 million US accounts, more than 50 million in Vietnam, and 18 million in Britain, according to technology news site TechCruch.

The databases listed Facebook user IDs – unique digits attached to each account – the profiles’ phone numbers, as well as the gender listed by some accounts and their geographical locations, technology website TechCrunch reported.

The server was not password protected, meaning anyone could access the databases, and remained online until late Wednesday when TechCrunch contacted the site’s host.

Facebook confirmed parts of the report but downplayed the extent of the exposure, saying that the number of accounts so far confirmed was around half of the reported 419 million.

Read more in this Channel NewsAsia report.


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