Singapore Morning News For July 19

Singapore Morning News For July 19
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Singapore morning newsWhat is Singapore’s new ‘National Trade Platform’
The National Trade Platform (NTP), developed by Singapore Customs in collaboration with the Government Technology Agency of Singapore (GovTech), was one of the potentially game-changing projects recognised by OpenGov during its Singapore OpenGov Leadership Forum in May this year.

MOH rapped over $800m hospital
The Auditor-General’s Office (AGO) has taken the Ministry of Health (MOH) to task for the way tens of millions of dollars were spent in the building of the $800 million Ng Teng Fong General Hospital in Jurong.
The New Paper 

Singapore is the world’s 8th best city for women entrepreneurs
The 2017 Women Entrepreneur Cities (WE Cities) Index by Dell ranked Singapore as 8th best city for Singapore women entrepreneurs.
Singapore Business Review 

CSA Singapore holds exercise covering all eleven CII sectors to test response to cyber attacks
On July 18, the Cyber Security Agency of Singapore (CSA) held the second run of Exercise Cyber Star on a whole-of-government basis to test Singapore’s cyber incident management and emergency response plans.

Only authorised USB storage devices for public sector agencies in Singapore from July 25
Today newspaper reported on July 14 that only authorised USB storage devices will be allowed for use at all public sector agencies from July 25 onwards, as a cybersecurity measure. This was learnt from the the Government Technology Agency of Singapore’s (GovTech) response to TODAY’s queries.

GLP to develop Adidas’ largest distribution center in Asia
Following its acceptance of the Chinese consortium buyout offer, the Global Logistics Properties, the leading global provider of modern logistics facilities, has signed an 83,000 square meter (sqm) build-to-suit (“BTS”) agreement with Adidas to develop their largest distribution centre in Asia.
Singapore Business Review 

SSC made late payments worth S$661,900 without a valid reason: AGO report
Lapses in financial controls and asset management have been uncovered at the Singapore Sports Council (SSC), also known as Sport Singapore, after an audit of Singapore government bodies.
Channel NewsAsia 

Government to exhume over 80,000 graves, acquire land to make way for Tengah Air Base expansion
The Government will be exhuming over 80,000 graves at Choa Chu Kang Cemetery in order to expand Tengah Air Base. It will also acquire land occupied by fish farms and a nursery on Murai Farmway.
Channel NewsAsia

Singapore – Telecoms, Mobile, Broadband and Digital Media – Statistics and Analyses
Fibre broadband adoption gains momentum in Singapore
Singapore has developed the status of a world leader in telecommunications through the building of a high quality and extremely progressive regulatory environment for the local telecommunications sector that has, in turn, generated a highly competitive market.
PR Newswire 

New water innovation research facility launched
FROM a water-scarce nation to one which has four sources of water, Singapore has made great strides in its quest for water security. But the Republic is not resting on its laurels.
The Business Times 

Visitors from China top spenders in Singapore for second year running
Tourist destinations worldwide are seeing a boom in Chinese tourists, and Singapore is no exception.
The Straits Times (paywall)

Ban on display of tobacco products to take effect on Aug 1 as grace period ends
After a one-year grace period, the ban on displaying cigarettes and other tobacco products in stores will take effect on Aug 1, the Ministry of Health (MOH) reminded in a news release on Tuesday (Jul 18).
Channel NewsAsia 

Lax oversight in IT, financial controls uncovered in Auditor-General’s report
The Auditor-General’s Office (AGO) observed that there were weaknesses in IT controls, laxity in financial controls and inadequate oversight of development projects among the government agencies it audited in the financial year of 2016/2017.
Channel NewsAsia 

SGX gets NetLink boost but road ahead remains rough
NETLINK NBN Trust’s S$2 billion initial public offering (IPO), Singapore’s biggest listing this year, is a much needed fillip for the Singapore Exchange (SGX), but the bourse still faces considerable challenges convincing more companies to list here.
The Business Times 

Airbase expansion to have minimal impact on future Tengah town: Experts
Tengah Air Base’s expansion is unlikely to affect the appeal of the future Tengah town as it will take place away from the housing estate, said property analysts.
Today Online 

SGX to bring back lunch break, widen some tick sizes on Nov 13
SINGAPORE traders will have an hour for lunch and minimum bid spreads will widen for certain stocks from Nov 13, after Singapore Exchange (SGX) wrapped up a public consultation exercise on market structure changes.
The Business Times

SIA Group’s passenger load factor improves to 82.7% in June
For the month of June, SIA Group airlines’ passenger load factor (PLF) improved 4.6 percentage points to 82.7%, as passenger carriage improvement of 8.6% outpaced capacity expansion of 2.7%. The figures are according to the latest operational performance statistics released by SIA Group.
Singapore Business Review 

French firm Engie in talks with Singapore’s Equis Energy to acquire India assets
French energy company Engie is in talks with Singapore-based renewable energy developer Equis Energy to acquire projects from its India portfolio comprising green energy platforms Energon and Energon Soleq, two people with knowledge of the matter said.

Singapore: SPH, Axiata and Keppel call off strategic review of M1 stake
The major shareholders of Singaporean telecoms firm M1 Limited – Singapore Press Holdings Limited (SPH), Keppel Telecommunications & Transportation Ltd and Axiata Group Berhad – are no longer proceeding with the strategic review of their holdings in M1.

Singapore: Roomorama ceases operations with closure of website
Singapore-based vacation rentals platform Roomorama, founded in 2009, has ceased operations and is likely to close down.

Singapore office workers spend least time on primary work – study
Office workers in Singapore spend the least time performing their primary duties, according to a global productivity study commissioned by enterprise systems provider Unit4.

TradAir and Snap Innovations Team Up to Deliver Innovative FX Solutions for Asia
TradAir, an Israel-based provider of cloud-based trading technology solutions, today announced a partnership agreement with Singapore-based Snap Innovations, a multi-asset trading software and services specialist, to develop joint FX solutions dedicated to their clients in the Asian market.
Finance Magnates 

S’pore taxi fares 20th cheapest in world: Poll
Taxi fares here are relatively affordable, according to a global survey by British online used car dealership Carspring.
Today Online

Fewer marriages, more divorces in 2016: Singstat
There were a total of 27,971 civil and Muslim marriages registered in 2016, 1.2 per cent lower than the 28,322 marriages registered the year before, according to the latest figures from the Department of Statistics (Singstat).
Channel NewsAsia 

11 taken to hospital after chemical leak
Eleven workers were taken to hospital after being exposed to a chemical leak at a wafer fabrication plant in Kallang Way yesterday.
The New Paper 


Feature photo Bryn Pinzgauer
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Singapore morning news by AEC News Today is your one stop source for Singapore news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.



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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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