Singapore Morning News For July 26

Singapore’s Grab Draws $2.5 Billion to Bolster Ride-Hailing, Payments Services
Southeast Asia’s ride-hailing sector is shaping up to be a massive proxy fight between some of the largest tech companies operating in the region.
— eMarketer

Singapore PM warns against threat of extremism
Conflicts in other parts of the world must not affect the racial and religious harmony in Singapore, the city state’s Prime Minister Lee Hsien Loong has said.
— ucanews

Artificial intelligence could double Singapore’s growth rate
It found that artificial intelligence (AI), once fully adopted, might lift Singapore’s annual growth rate to 5.4 per cent in 18 years.
— Business Standard

New arbitration court office to boost dispute resolution
The Republic will gain a stronger foothold in the new area of dispute resolution between foreign investors and states — or investment dispute resolution — with the Permanent Court of Arbitration (PCA) to set up a staffed office here in the next six months.
— Today Online

Singapore enters food partnership with South Australia
A food industry collaboration between Singapore and South Australia has been signed to improve access to clean, green produce from Down Under and boost food innovation technologies in both regions.
— FoodIngredientsFirst

Largest mall in northern Singapore to open in Yishun at end of year
The largest mall in northern Singapore will open in Yishun in the fourth quarter of the year, developer Frasers Centrepoint Singapore said in a media release on Tuesday (Jul 25).
— Channel NewsAsia

DBS, BOS shift to fast gear as private banks power ahead in Asia
THE private banking business in Asia is firing on all pistons, and increasingly, Singapore’s champions DBS and OCBC are among the shakers and movers, not just the Swiss giants.
— The Business Times

Amazon prepares to enter Southeast Asia via Singapore launch
Amazon is continuing its international expansion push with the launch of its services in Singapore coming imminently. The arrival could happen as soon as this week, according to a source with knowledge of the plans, and it will mark Amazon’s entry into Southeast Asia.
— TechCrunch

Singapore officials void same-sex couple’s legal marriage
The decision to annul a legal marriage between a transgender woman and her wife almost two years after they exchanged vows as a straight couple has left advocates questioning the precedent under Singapore’s already strict marriage laws
— Washington Blade

Singapore’s work on sustainable energy on show at Astana Expo 2017
THE red-and-white flag with the crescent moon and five stars was raised on Tuesday, and a performance was mounted to tell the story of Singapore and its transformation.
— The Business Times

Changi Airport’s T4 to showcase Singapore culture and heritage
Changi Airport’s newest terminal will showcase elements of local heritage and culture, a special show in collaboration with composer Dick Lee, as well as designs inspired by the orchid.
— Channel NewsAsia

Tigerair-Scoot deal may push India-Singapore fares down by 15%
Indian international fliers can expect fares on the India-Singapore route and beyond to fall by about 15% with the merger of Tigerair and Scoot, both budget carriers owned by Singapore Airlines. Nine months after Scoot and Tigerair announced their intention to pursue a single brand and operating licence under the Scoot brand, all Tigerair flights out of India started operating under Scoot on Tuesday.
—The EconomicTimes

Singapore: Ascott acquires 80% in US-based Synergy Global Housing for $33.7m
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), is acquiring 80 per cent interest in Synergy Global Housing (Synergy), a major accommodation provider in the US, for $33.7 million.
— DealStreetAsia

Shell, SoftBank among potential suitors for $5b renewable energy firm Equis
Royal Dutch Shell and SoftBank are among several global groups considering bidding for Equis Energy, Asia’s largest independent renewable energy producer valued at up to $5 billion, sources familiar with the matter said.
— DealStreetAsia

Singapore and South Australian ink MoU on innovation
The South Australia Food Innovation Centre and the Singapore Food Innovation Cluster will be working collaboratively to boost food innovation technology
— Fruitnet

WorldRemit Launches Digital Money Transfers from Singapore
LONDON & SINGAPORE–(BUSINESS WIRE)–WorldRemit, the leading digital money transfer company, has launched in Singapore. The new service will enable migrants in Singapore to transfer money to over 140 countries as easily as sending an instant message, using the WorldRemit app or website.
— Business Wire

SCDF to hold operational exercise at The Float @ Marina Bay
The Float @ Marina Bay will be the scene of an operational exercise conducted by the Singapore Civil Defence Force (SCDF) along with other agencies in the small hours of Thursday morning.
— Channel NewsAsia

Singapore’s Scoot spreads its wings
Singapore-based airline Scoot is considering expansion into Cambodia and Laos as a next step after launching five new routes yesterday, the company’s chief commercial officer Leslie Thng said.
— The Nation

Bond restructuring in S’pore slower than in major markets
KEITH Kueh was expecting Pacific Andes Resources Development Ltd to pay back the company’s bonds last year so that he could finance his son’s college bill and his own retirement.
— The Business Times

You’re in good hands when surgery calls for robo ops
When Madam Jasmine Zhang was offered robot-assisted surgery as a treatment option to remove a rare pre-cancerous tumour in the pancreas, her first thought was to turn it down.
— Today Online

Ex-Harry’s director back in court to face S$30k cheating charges
A former director of bar chain Harry’s International, previously fined for making false declarations of staff salaries, was hauled to court again yesterday for allegedly cheating the Government out of S$30,000 in training grants.
— Today Online

Tech start-ups share solutions to solve food industry’s problems
Selling affordable hawker food to office workers in business parks through smart self-collection kiosks is what one tech start-up is doing to help the hawkers capture a wider market and increase profit.
— Today Online

Frequent MRT disruptions a concern: experts
Transport experts have raised concerns over the frequent delays caused by faults in the rail network, with nine occurring this month alone.
— The New Paper

Feature photo Graeme Churchard
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.

Singapore Morning News For July 26 added by Leakhena Khat on July 26, 2017
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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.