Singapore Morning News For August 15

Singapore Morning News For August 15
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Singapore morning newsSingapore confirms Zika cases at Serangoon for third time
Two new cases of locally transmitted Zika virus infection in Singapore have been confirmed at Serangoon North Avenue 1, said the National Environment Agency (NEA) on Monday.

First project bond since 2000 bodes well for Asia’s debt market
THE Asean bond market is developing nicely, buoyed by the increasing sophistication of Asian investors and growing demand from global investors.
The Business Times 

Grab ramps up bid to dominate market
Fresh from raising US$2 billion (S$2.72 billion) to fuel its growth, Grab is ramping up efforts to dominate the ride-hailing market and grow its payments platform.
Today Online

GIC names its first chief technology officer
SINGAPORE sovereign wealth fund GIC on Monday named Ms Wu Choy Peng as its first chief technology officer.
The Business Times 

Commentary: Singapore’s Smart Nation vision blurry without a success story
It was just three years ago, in 2014, that Singapore’s Prime Minister Lee Hsien Loong unveiled the Smart Nation vision for the country.
Channel NewsAsia 

Singapore committed to long-term ties with Jakarta
Singapore is committed to a long-term relationship with Indonesia, and much has been done by working groups on both sides to ensure that the agenda for the Leaders’ Retreat on Sept. 7 will take bilateral ties forward, said Deputy Prime Minister Teo Chee Hean.
The Jakarta Post 

Singapore Medical Group sees first half net profit jump to $4m from $633,000 a year ago
Singapore Medical Group, a specialist healthcare services provider, posted a 534 per cent jump in net profit to S$4 million for the first half-year from S$633,000 in the corresponding period last year.
—  The Straits Times (paywall)

GrabPay to allow credit transfers between users
By next month, Grab users will be able to transfer GrabPay credits to other users, paving the way for greater uptake of the company’s payments platform, which it ultimately hopes will be used for shopping and other transactions.
Today Online 

Ribena products recalled in Malaysia after manufacturing error
Specific batches of the popular blackcurrant concentrate drink Ribena have been recalled from shop shelves in Malaysia following a statement by Japanese beverage manufacturer Suntory on Monday (Aug 14).
Today Online 

Singapore’s only social enterprise Festival For Good returns this Saturday
It may only be Monday but we’ve got one weekend plan already in store for you.
Asia One 

There’s gonna be a week-long GIF festival in Singapore this October, so here are all our GIF reactions
Not many are aware of this, but the Graphics Interchange Format (GIF) — the internet’s favorite medium for reacting to things — is 30 years of age this year.

Singapore revokes Panoil bunker licence
Tanker group banned from selling fuel in port after altering vessels’ pipework.

Insurance agent gets $4m High Court award
The High Court has awarded $4.026 million to an insurance agent after a scathing letter of reference from a previous employer cost him the chance to join another insurer – Prudential.
The New Paper 

The Global Search for Education: Will Singapore Continue to Lead in 2030?
Singapore has been well publicized as one of the most highly regarded education systems in the world. But does that acclaim exist mainly because of the country’s consistent high placement in international league tables such as the OECD’s Pisa or is there more to this system’s story?

The lesson of Singapore is not one Brexiteers want to hear
Singapore is cited by many Brexiteers as a model for Britain to follow – a low tax global trading hub with conservative social policies. The small South-East Asian city state has indeed been a success story since it became fully independent in 1965. But, rather than showing its old colonial masters the way, it now has its own challenges to handle.
The New European 

Singapore’s Ezion suspends shares, seeks restructuring
Singapore-based oil services company Ezion Holdings Ltd said trading in its shares would be suspended temporarily, as it is in talks with stakeholders such as bank lenders and creditors about its financing and capitalisation structure.
The Edge Markets 

Japanese tanker and Singapore container ship identified as vessels which collided, leading to Hong Kong palm oil spill
A Japanese-owned chemical tanker and a Singaporean container ship have been identified by the trade press as the two vessels involved in a collision in Chinese waters that led to Hong Kong’s beaches being awash with jelly-like palm oil, South China Morning Post reported on Monday (Aug 14).
The Straits Times (paywall)

3 Britons plead guilty to sexually assaulting woman at Carlton Hotel
Three British men accused of raping an intoxicated, unconscious woman at the Carlton Hotel last September pleaded guilty to reduced charges of aggravated outrage of modesty on Monday (Aug 14), four days into their trial.
Channel NewsAsia 

S’pore scientist wins Asean award for research on rice
Singapore might not be a rice-producing country, but that has not stopped it from contributing to research in the field.
Today Online 

Measures to ensure online donations are used properly
Singapore’s national online donation platform is introducing measures to ensure that money raised is used responsibly, following debate over crowdfunding efforts that garnered six-figure sums.
The New Paper 

Singapore Airlines brings A350s, premium economy to Brisbane
Singapore Airlines is swinging its new Airbus A350s onto three of its four daily Brisbane-Singapore flights over the coming months, complete with its latest-generation fully-flat beds in business class with direct aisle access from every seat, along with a new premium economy cabin.
Australian Business Traveller 


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.




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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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