Singapore Morning News For June 26

SINGAPORE’S GROWTH IN 2017 SET TO RISE DESPITE UNEVEN SECTOR PERFORMANCE
Improved growth dynamics and the ongoing recovery in global trade mean a higher growth forecast of 2.7% for Singapore’s gross domestic product (GDP) in 2017, according to ICAEW’s latest Economic Insight: South East Asia report. However, growth will remain uneven across sectors due to differing external and internal factors.
— CFC Innovation

BSP to seek qualified banks deal with Singapore
THE Bangko Sentral ng Pilipinas (BSP) will be working on a possible bilateral agreement with the Singapore central bank that would allow qualified banks to operate subsidiaries in each other’s markets.
— The Manila Times

Singapore firms see silver lining in eldercare industry
AS Singapore strives towards its Smart Nation vision, it cannot escape the fact that it is also an ageing society.
— The Business Times

Businessman charged with GST evasion involving nearly $500,000
A businessman was charged in court on Friday (June 23) with 54 counts of tax evasion involving a total of $458,019.69 in taxes undercharged.
— The New Paper

Beware of phishing emails from fake courier companies: SingCERT
It may look like a legitimate email from “DHL Express”, but click on the attachment and a malicious code would be downloaded onto the recipient’s device, infecting it with malware.
— Channel NewsAsia

Deep tech a substantial venture opportunity: Steve Leonard, SGInnovate
Steve Leonard, the founding chief executive of SGInnovate, sees the current deep tech focus as a sign of maturation of Singapore’s ecosystem.
— Deal Street Asia

Singaporean firm eyes Thai coffee market
SINGAPORE-BASED food and beverage manufacturer Super Group is eyeing business potential in the premium instant coffee segment in Thailand despite the saturation of the overall instant coffee market.
— The Nation

Singapore is firmly in the jihadist cross-hairs
Singapore faces growing risks from terrorism, threatening the micro-nation’s reputation as a veritable island of regional stability. Singapore’s ties with Western military campaigns and economic networks makes the country a prime target for Islamists seeking to destabilize the multicultural nation.
— Asia Times

Vending machine cafe opens outlet at Lakeside MRT station
When hunger pangs strike, commuters at Lakeside MRT station now have another grab-and-go option with the launch of a new vending machine cafe at the station on Friday (Jun 23).
— Channel NewsAsia

Singaporeans should not be easily swayed by online influences: Yaacob Ibrahim
Singaporeans should not be easily swayed by online influences, reiterated Minister for Communications and Information Yaacob Ibrahim on Sunday (Jun 25), after attending the Eidulfitri prayers.
— Channel NewsAsia

Tianjin Eco-City masterplan to be reviewed: DPM Tharman
The masterplan of the Sino-Singapore Tianjin Eco-City will be reviewed, as it celebrates its tenth anniversary next year, said Deputy Prime Minister Tharman Shanmugaratnam on Sunday (Jun 25).
— Channel NewsAsia

Millennial entrepreneurs take on ageing
ARMED with tech-savviness and passion, a growing number of millennials are taking the leap into the eldercare sector, gamely tackling the challenges of an ageing population with innovation and creativity.
— The Business Times

ST Electronics eyeing US$6.6b global USV market
THE global market for unmanned surface vessels (USVs) is worth up to US$6.6 billion up until 2026.
— The Business Times

Pourakarmikas To Visit Singapore To Study Civic Cleanliness
The State Government which on Friday announced that the services of 11,000 Pourakarmikas will be regularized, set to send 1,000 Pourakarmikas on a study tour to Singapore.
— Star of Mysore

Hawker loses $500 to man posing as food reporter
A man posing as a Shin Min Daily News food reporter allegedly cheated a hawker at Pek Kio Market and Food Centre of $500.
— The New Paper

33,000 approved to attend PDVL course
The Land Transport Authority (LTA) received about 39,000 applications for the Private Hire Car Driver’s Vocational Licence (PDVL) as of Wednesday.
— The New Paper

LGBT Rights Falter in Singapore, Flourish in Socialist Vietnam
LGBT rights in the global financial capital are murky at best, while Vietnam has been pegged as one of the most LGBT-friendly countries in Asia.
— Televisión del Sur

Choosing schools made easy with new school picking app
With the launch of a new web application, choosing schools may become an easier task for students and their parents.
— Channel NewsAsia

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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 June 26 added by Leakhena Khat on June 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.