Singapore Morning News For August 24

Singapore Morning News For August 24

Singapore morning news

USS John S McCain collision: Search area expanded further, Australia joins effort
Search and rescue operations for the missing sailors from USS John S McCain have been further expanded to cover a wider area, said the Maritime and Port Authority (MPA) on Wednesday (Aug 23).
Channel NewsAsia 

JV bags Singapore office building for $525 million
Allianz Real Estate has joined forces with the Keppel Group to acquire Hongkou Soho, an office building in Singapore, for $525 million.
Real Estate Investment Times

Singapore firm inks deal to run Cambodia’s first oil field
Cambodia on Wednesday signed a deal with a Singaporean energy company to develop its first-ever oilfield, the latest move in the impoverished country’s much-delayed plan to become an oil-producing nation.
— ABS-CBN News  

Drug courier spared death penalty
A 30-year-old Malaysian man was jailed for life on Tuesday (Aug 23) for smuggling at least 4.67kg of drugs into Singapore via Woodlands Checkpoint.
The New Paper

Singapore High Court sets aside international award against Lesotho
This is the first case in Singapore in which a party sought to set aside an investor-state arbitral award on the merits, and the decision “engages intriguing questions of arbitral and international investment law which have yet to be considered by a Singapore court”, Justice Kannan Ramesh said.

Man gets 5 weeks’ jail and driving ban for fatal accident involving 62-year-old woman
A freelance artist who knocked down a pedestrian while making a right turn at a signalised traffic junction in Woodlands was jailed for five weeks and banned from driving all vehicles for five years on Wednesday (Aug 23).
The Straits Times (paywall)

MPA Singapore completes pilot trial on New Cognitive-Based System to Improve Maritime and Port Operations
The Maritime and Port Authority of Singapore (MPA) and IBM today announced at the opening of the International [email protected] Conference that they have jointly completed the pilot trial of three modules under the MPA-IBM SAFER project, which will be rolled out progressively beginning September 2017.

The Guide to Employment Permits for Foreign Workers in Singapore
For expatriate workers and their employers in Singapore, understanding the process to obtain a valid employment permit is vital. The Singapore government’s Ministry of Manpower (MoM) issues a wide range of work passes and permits to expatriates planning to work in Singapore. Each of these employment permits is designed for a specific purpose and differs across various categories of employees, based on their professional skills and monthly salaries.
Asean Briefing

Hard times for Singapore
When I was younger, there were problems just like today. The big difference is I always had hope and believed someone out there had the solution. More than half a century has passed and I do not believe this anymore.
The Online Citizen 

Singapore rejects U.S. academic’s appeal against expulsion
Singapore has rejected a U.S. citizen’s appeal to stay in the city-state following the cancellation of his permanent residence status after the government branded him as an agent of foreign influence.
Business Insider 

Singapore’s fling with global stars sidelines local talent
The steady climb up the global university rankings of Singapore’s four research universities is well documented.
Times Higher Education 

MOE to open 13 new kindergartens in 2019 and 2020
The Ministry of Education (MOE) will open 13 new MOE kindergartens in 2019 and 2020 in areas with high demand, MOE announced on Wednesday (Aug 23).
Channel NewsAsia (video)

Simplifying and integrating e-payment systems
In the wake of Prime Minister Lee Hsien Loong’s National Day Rally call for Singapore to simplify and integrate its e-payment systems, Channel NewsAsia looks at what could go into a proposed framework to bring together different payment regulations.
Channel NewsAsia (video)

Reducing sugar in drinks: Is it enough to fight diabetes?
Senior Minister of State for Health, Chee Hong Tat welcomed the move by major soft drink manufacturers to cut sugar levels as a “very good start”, but also called for other measures to further lower consumers’ sugar intake and help them make more informed choices.
Channel NewsAsia (video)

CapitaLand, Alibaba raise bar on omni-channel retail model
SOUTH-EAST Asia’s real estate giant and Singapore’s very own CapitaLand appears ready to crank things up to grab a slice of the action in the booming e-commerce retail space.
The Business Times 

ComfortDelGro soars on news of talks with Uber
SHARES in bus, rail and taxi operator ComfortDelGro were hotly traded on Wednesday, rising 8.8 per cent or 19 cents to S$2.36. More than 56 million shares were traded – a high not seen for more than four years.
The Business Times 

Almost 90% of Asia-Pac retailers betting on click-and-collect: study
THE entry of Alibaba, through its stake in Lazada, and Amazon’s entry in Singapore, have given online shopping a new impetus in the Asia-Pacific region and traditional retailers are stepping up to stay relevant.
The Business Times 

‘Make me a proposal’: PM Lee responds to Razer CEO’s tweets on e-payment system
WHEN Prime Minister Lee Hsien Loong tweeted about the need for one single e-payment system in the country during his National Day Rally speech, the Singaporean boss of Razer, a successful gaming tech company, took him on.
The Business Times 

Potential ComfortDelGro-Uber alliance to have limited impact on rivals: Experts
A potential partnership between taxi operator ComfortDelGro and ride-hailing app Uber would have limited impact on the competition, namely rival app Grab and its five taxi company partners, said transport analysts yesterday.
Today Online 

App with dieticians on call to help users make better food choices
A locally-produced app is aiming to make individuals’ fight against diabetes less of a lonely battle, while connecting diabetics directly to dieticians who will coach them on food choices, one meal at a time.
Today Online 

Company’s cabbies wonder if rise in bookings will lead to higher earnings
Several ComfortDelGro cabbies said yesterday that they anticipated a rise in bookings should a partnership between their company and Uber materialise. However, whether their takings would similarly increase remained to be seen, they added, noting that fares booked through the ride-hailing app could be much lower than metered rates.
Today Online 

ADM mops up $94.6m worth of shares to raise stake in Singapore’s Wilmar
American food processing major Archer Daniels Midland (ADM) has raised its stake in Singapore-based agribusiness group Wilmar International, stepping-up the former’s exposure to the high-demand Asian food market.

Singapore: Finles Capital targets to raise $118m via initial coin offering
Dutch fund management firm Finles Capital Management is planning to raise plans to raise an EUR 100 million ($117.8 million) fund through an initial coin offering in Singapore

Singapore: GIC joins KKR in bid for Unilever’s food spread businesses
Singapore’s sovereign wealth fund, the Government Investment Corporation (GIC), has partnered with international private equity (PE) major KKR to bid for Unilever’s assets – its food spread brands – in the UK.


Feature photo newtjitsu
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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