Morning business news round-up for May 29, 2014

Apple buys music star Beats for US$3 billion (S$3.8 billion). The move is expected to help the US tech giant, a pioneer in digital music with its wildly popular iTunes platform, ramp up its efforts to counter the successful models of streaming servic
Apple buys music star Beats for US$3 billion (S$3.8 billion). The move is expected to help the US tech giant, a pioneer in digital music with its wildly popular iTunes platform, ramp up its efforts to counter the successful models of streaming services like Pandora, Spotify and others. -- PHOTO: AFP 

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. Executive condominium site in Sembawang Avenue put up for sale on confirmed list. The 238,848 sq ft site can accomodate 620 units and will go on the market regardless of interest.

2. IE Singapore leads mission to study e-government sector in Africa. The mission, which ends on Friday, aims to help Singapore firms explore business opportunities in e-Government as more African governments adopt such solutions to attract foreign investment and spur private-sector growth.

3. Apple buys music star Beats for US$3 billion (S$3.8 billion). The move is expected to help the US tech giant, a pioneer in digital music with its wildly popular iTunes platform, ramp up its efforts to counter the successful models of streaming services like Pandora, Spotify and others.