Singapore Morning News For August 18

Betting on big caps? 40% of them on SGX beat market yield
DO BIG-CAP stocks offer safer bets? So far this year, those listed on the Singapore Exchange seem to have done that and more.
— The Business Times

Singapore launches first donor breast milk bank
For 35-year-old Madam Nor Adliyah Haryanie, the birth of her baby boy in July via an emergency caesarian-section came as a shock, since she had previously had three normal-term babies. But what was even more stressful was that her son was born prematurely at 30 weeks, weighing just 800 grams.
— Channel NewsAsia

Singapore’s export growth shows sustained demand for electronics
Singapore’s core exports grew slightly below expectations in July but shipments of electronics accelerated, bolstering the outlook for the year.
— Nikkei Asian Review

Blackstone gets SGX-ST nod to delist Japan-focused Croesus Retail Trust
Blackstone Group has received a green light from the Singapore Exchange Securities Trading Limited (SGX-ST) to de-list Croesus Retail Trust (CRT) as part of the acquisition that will see the private equity major acquire the Japan-focused property operator via a trust scheme for $649.8 million.
— DealStreetAsia

SingX expands remittances to Malaysia and HK
Singapore FinTech startup now supports cross-border digital remittance to the markets
— Telecomasia

Outlook for Singapore’s economy still cloudy despite trade rally
At the start of this year, economists were worried that a rising tendency towards protectionism would weigh on world trade and, by extension, crimp the growth of Singapore’s small, trade-dependent economy.
— The Straits Times (paywall)

July export growth comes up short; leading to mixed forecasts
GROWTH in non-oil domestic exports (NODX) in July was slower than expected, and also lower than June’s growth – but still looks strong with 8.5 per cent year-on-year growth.
— The Business Times

Muslim pre-term babies can benefit from first human milk bank in Singapore: MUIS
Muslim babies in Singapore will be able to benefit from the newly launched donor human milk bank, after the Fatwa Committee said on Thursday (Aug 17) that the programme is in line with objectives set out under Islamic law, which include emphasising the need for the preservation of human life.
— Channel NewsAsia

Singapore among top three most liveable cities in Asia
Singapore has surpassed Hong Kong for the first time to place the third in the rankings of Asian cities with the best quality of living, according to the latest report of the Economic Intelligence Unit (EIU).
— Vietnam Plus

Singapore’s gender wage gap shows little sign of narrowing
Last year, men still out-earned women by 18 per cent, says a report by consumer research group ValuePenguin. In 2006, the gap was 19 per cent, so not much has changed in the last 10 years.
— The Business Times

Keppel unveils US$658m partial sale of asset, but its stock tracks market slide
NEWS of a US$658 million partial stake sale held in the world’s first-ever converted floating liquefied natural gas vessel (FLNG) failed to maintain investor interest on Thursday in large-cap counter, Keppel Corporation, as it tracked a broad-market slide to close four cents lower at S$6.33.
— The Business Times

SMRT to improve measures preventing track intrusion after fatal LRT accident
SMRT on Thursday (Aug 17) said it will be putting up additional signs at Bukit Panjang LRT (BPLRT) system station platforms and work to improve commuters’ awareness of using the emergency train stop button, following the fatal accident that resulted in the death of a man earlier in March.
— Channel NewsAsia

Phone scammers now pretending to be telco staff: Singapore Police
Scammers are now masquerading as staff of telcos based in either China or Singapore over the phone, the Singapore Police Force (SPF) warned on Thursday (Aug 17) in an advisory.
— Channel NewsAsia

Prototype aims to take a load off airport baggage handlers
A TEAM led by Singapore Technologies (ST) Dynamics has come up with a prototype to help automate baggage handling, winning them the Civil Aviation Authority of Singapore’s (CAAS) inaugural Aviation Challenge.
— The Business Times

MOE honours 163 students for innovation, resilience
Being born prematurely caused Grishm Chandru Mirpuri to be almost blind, but that did not stop the 10-year-old from learning to sing and play musical instruments. At this year’s National Day Parade, he sang with the Purple Symphony, Singapore’s first all-inclusive orchestra.
— The Business Times

More than 6,000 faulty Honda Vezels yet to be rectified: LTA
About 6,600 Honda Vezels here — with faulty stop-start capacitors that pose a fire risk — have yet to be rectified, the Land Transport Authority (LTA) said in an update yesterday.
— The Business Times

Leading disruptors to converge at Asia PE-VC Summit 2017
At the Asia PE-VC Summit 2017, we are bringing together prolific entrepreneurs who are disruptors in their respective fields and are being pursued by investors to help turn their ambitious plans into reality.
— DealStreetAsia

COSCO Corp Singapore Ltd (F83.SI) Mesa Adaptive MA Sitting Below FAMA
COSCO Corp Singapore Ltd (F83.SI) are in focus today as the charts are revealing that the Mesa Adaptive Moving Average (MAMA) has trickled below the FAMA, or Fractional Moving Average. This environment typically indicates that there might be a buying opportunity aligning in technicals. When there are crossovers between the FAMA and MAMA, the shares are often widely traded.
— Davidson Register

Croesus Retail Trust posts 18.2% rise in Q4 DPU
Japan-focused Croesus Retail Trust (CRT) reported a 18.2 per cent rise in fourth-quarter distribution per unit (DPU) to 2.01 Singapore cents from 1.70 cents.
— The Straits Times (paywall)

Formula E racing could be good for Singapore
Should Singapore look at hosting the Formula E (electric vehicle racing equivalent to Formula 1)?
— The Straits Times (paywall)

Singapore High Commissioner to Malaysia criticises Utusan for false assertions in commentary on Elected Presidency
Singapore’s High Commissioner to Malaysia Vanu Gopala Menon on Thursday (Aug 17) wrote a letter criticising Utusan Malaysia for publishing “false assertions” about the city’s Presidential Election – the second time he has done so in four months.
— Channel NewsAsia

Apex court dismisses appeal by Lee Kuan Yew’s estate for access to interview transcripts
The Court of Appeal on Thursday (Aug 17) dismissed an appeal by founding Prime Minister Lee Kuan Yew’s children, Dr Lee Wei Ling and Mr Lee Hsien Yang, seeking access to recordings and transcripts of interviews with their late father made in the early 1980s.
— Channel NewsAsia

North-South Line train delay: Rush-hour commuters affected due to signalling fault
Commuters travelling along the North-South MRT line were hit by delays during the evening peak period on Thursday (Aug 17), caused by a fault in the network’s new signalling system.
— 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 August 18 added by Leakhena Khat on August 18, 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.