Daily Briefing: Warning on mobile scams via Facebook; MRT trains to be stopped for testing

And Fortis Healthcare allegedly mulls over buyout of Singapore trust.

From Yahoo: A number of victims have incurred charges to their mobile phone bills after they provided a three-digit PIN number to strangers whom they befriended on Facebook, the police warned on Monday (27 March). In a post on their Facebook page, the police said the scammers initiated contact with the victims by sending a friend request via the social networking site. A number of the scammers even set up Facebook accounts similar to that of the victims’ friends.

From Yahoo: Trains on the North-South Line of the MRT will be stopped for about 10 minutes starting at 11pm Tuesday night (28 March) to switch over to a new signalling system, the Land Transport Authority (LTA) and SMRT said in a joint media release Monday. Trains will then resume operation in the new signalling mode. During the test, an announcement will be made to passengers to inform them of the delay. SMRT will also be deploying staff at stations to provide assistance to commuters.

From Bloomberg: Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics, people with knowledge of the matter said. The New Delhi-based company is considering making an offer for all the units it doesn’t already own in RHT Health Trust, which has a market value of S$726 million ($520 million), according to the people. Deliberations on the potential take-private deal are at an early stage, and Fortis Healthcare could decide not to proceed with a bid, the people said, asking not to be identified because the information is private.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

MAS fines doctor $120,000 for insider trading
The case involved purchases of Singapore Medical Group shares before its privatisation offer was announced.
Admiralty Walk EC site may draw up to four bids
Analysts expect developers to bid cautiously due to the site’s distance from the MRT station.

Exclusives

Singapore, Hong Kong take rival paths to capture global gold trade
One builds MAS-backed vaulting for central banks, the other opens a pipeline to Shanghai.
Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.