Singapore Morning News For August 14

Industry 4.0: Hello! Uncle Not Machine! Paints Alternate to Mass Unemployment Fear (video)
At the rate with which technology and robotisation is constantly evolving and replacing roles traditionally performed by human workers, the question is a valid one.
— AEC News Today

Hong Kong’s Property Shadow Leaves Singapore Developers Ahead
Hong Kong’s property stocks are cheaper than Singapore’s, although not cheap enough to account for the risk that the world’s least affordable city could have a housing crash.
— Bloomberg

Analysts upbeat on property, tech after Q2’s mixed earnings
SINGAPORE-LISTED companies exposed to global trade and the domestic property market could continue to do well in the latter half of 2017 after the overall market turned in a mixed set of second-quarter earnings, analysts said.
— The Business Times

Singapore’s drive to go cashless on public transport
ALL BUS and train commuters in Singapore will have to pay their fares with travel cards by 2020, as part of the country’s “Smart Nation” drive.
— The Nation

Singtel profit falls 6% in June quarter
Singtel has reported a 6% decline in net profit for the June quarter as a result of lower contributions from the company’s minority-owned regional associates and workforce restructuring charges at wholly-owned Australian subsidiary Optus.
— Telecomasia

Singapore’s economy healthier than expected in Q2
Singapore’s trade-reliant economy grew much faster than initially estimated in the second quarter and more than analysts had expected, with a rebound in services suggesting a broader and more balanced recovery after a stumble early in the year.
— Bangkok Post / Reuters

PM Lee to deliver National Day Rally speech on Aug 20 at ITE
Prime Minister Lee Hsien Loong will deliver his 2017 National Day Rally speech on Sunday (Aug 20) at the Institute of Technical Education (ITE) at Ang Mo Kio.
— Channel NewsAsia

Singapore retail sales up 1.9% despite drop in auto sales
The latest index released by the Department of Statistics Singapore revealed that the city-state managed to record a 1.9 percent growth in retail sales in the month of June despite the decline in the yields from motor vehicle sales.
— International Business Times

Eggs in Singapore safe for consumption [Channel NewsAsia]
The Agri-Food Veterinary Authority of Singapore (AVA) on Saturday (Aug 12) said eggs in Singapore are safe for consumption.
— Singapore Government

MOH may reduce levels of nicotine in cigarettes in Singapore
Cigarettes sold in Singapore may contain less nicotine in the future, with the Ministry of Health (MOH) saying it is monitoring efforts in the United States to reduce the amount of the addictive drug allowed in each cigarette.
— The New Paper

Singapore’s Equis Energy said to seek binding bids for $4b power assets
Equis Energy, the Singapore-based developer of power projects, has asked for binding bids for its $4 billion renewable energy business by late September, people with knowledge of the matter said.
— DealStreetAsia

Singapore becomes IoT-ready as networks are rolled out
VERY soon the humble electricity meter in your house will be having its own telecom network through which it will be able to connect to a back office and give details about your electricity usage. And your water meter may not be far behind. Both will help you save money by giving you smart information on usage.
— The Business Times

Singapore companies take up to 4.5 months to hire an IT pro
Singaporean companies risk missing out on top IT jobseekers as hiring managers take multiple months during the recruitment process.
— NetworksAsia

Singapore Sale no longer great, say shops, public
Despite this year’s strong digital push and special promotions, the Great Singapore Sale (GSS) — which ran from June 9 to August 13 — barely made an impact, according to shoppers and retailers who spoke to TODAY.
— Today Online

Commentary: The Singapore Labour Force – Getting ahead of the curve
The “Labour Force in Singapore 2016” report released by the Manpower Research and Statistics Department reinforces the perception that the Singapore labour force is facing long-term pressure to transform its skill base.
— Today Online

SMRT launches limited edition farecard to mark its 30th anniversary
Commuters can purchase a limited edition NETS FlashPay card from Tuesday (Aug 15), as part of SMRT’s 30th anniversary celebrations.
— The Straits Times (paywall)

MWC urges ‘stern action’ against employer after hygiene, safety lapses found in workers’ dorms
The Migrant Workers’ Centre (MWC) on Sunday (Aug 13) said it would be urging local authorities to take “stern action” against an employer after observing hygiene and safety lapses in workers’ dormitories run by him.
— Channel NewsAsia

Singapore fintech firm looks at global expansion
SINGAPORE fintech hub Lattice80 plans to open an office in India by the end of next month, the first step in a global expansion that will spread to London, New York and the Middle East.
— The Star Online

Beyond Terminal 4, still ways for Singapore to soar as aviation hub
By 2035, the Asia-Pacific region is set to account for over three billion air passengers per year, boosted by Asia’s rising middle class.
— Channel NewsAsia

PSA’s early move from Tanjong Pagar may spark quicker project
Singapore’s great port migration – which has major implications for the shipping and real estate sectors – has crossed a milestone ahead of schedule.
— The New Paper

Magnitude 6.5 quake strikes off Indonesia’s Sumatra island, tremors felt in Singapore
An earthquake of magnitude 6.5 struck west of Indonesia’s island of Sumatra on Sunday (Aug 13), the United States Geological Survey (USGS) said.
— Channel NewsAsia

39 people trapped for more than 4 hours on Sky Tower ride in Sentosa
Thirty-nine people were stranded for more than four hours on the Tiger Sky Tower ride at Sentosa on Saturday night (Aug 12).
— Channel NewsAsia (video)

SGSecure message must be brought home to all Singaporeans
While the high-level, national messages of SGSecure have been effective and well-understood, there is a need to make the anti-terrorism movement relatable at a community level, Minister in the Prime Minister’s Office Josephine Teo said yesterday.
— Today Online

Food For Thought shuts at Botanic Gardens
Nearly six years after it opened, social enterprise Food For Thought has closed its largest outlet at the Singapore Botanic Gardens after failing to secure a new lease for the space.
— Today Online

Another Scoot flyer complains of bed bug bites after SG flights
Frequent flyer Jiamin Han took to Facebook to complain of several red bed bug bite marks on her arms and back that she noticed after taking a round trip flight between Singapore and Hong Kong via budget airline Scoot.
— The Independent Singapore

Singapore envoy contributes Myanmar democracy forum
Singapore envoy to Myanmar Robert Chua today called upon all elements of Myanmar society to work for a consensus on the road ahead for the country.
— Mizzima

Feature photo cegoh
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 August 14 added by Leakhena Khat on August 14, 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.