Singapore Morning News For July 12

Singapore Morning News For July 12
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Singapore morning news

Temasek Holdings announces record net portfolio value of S$275b
Temasek Holdings announced on Tuesday (Jul 11) a record net portfolio value of S$275 billion (US$197 billion) as at end-March 2017, up from S$242 billion (US$180 billion) a year ago.
Channel NewsAsia 

Singapore, UK, New Zealand, and UAE among World’s Stand Out Digital Economies
The Fletcher School and Mastercard unveil the Digital Evolution Index 2017, an in-depth look at technology adoption and the state of digital trust around the world
Business Wire 

Qoo10 Singapore, Nanyang Polytechnic help SMEs to go digital
GIOSIS Pte Ltd (Qoo10 Singapore) and Nanyang Polytechnic’s (NYP) Singapore Institute of Retail Studies (SIRS) on July 11 signed a Memorandum of Understanding (MoU) that will see SMEs getting a digital boost to fully maximise opportunities in today’s online marketplace.
Digital News Asia 

Singapore must ‘stand up and be counted’: PM Lee on country’s foreign policy
As a small country, Singapore has to “take the world as it is” but at the same time protect the country’s fundamental interests, especially in matters of safety, security, or its position in the world.
Channel NewsAsia 

Thailand and Singapore build fintech bridge
The Bank of Thailand (BOT) and the Monetary Authority of Singapore (MAS) today signed a FinTech Cooperation Agreement (CA) and updated an existing Memorandum of Understanding (MOU) on Banking Supervision.

The secret of Singapore’s development master plan
Sir, James Crabtree’s Notebook column “London can learn from Singapore’s high-rise living” (July 11) misses a few crucial points relating to Singapore’s success in delivering housing at scale and in the right places. Building high and making tall buildings work are not the only factors at play when it comes to explaining Singapore’s success in this area.
The Financial Times 

Building a ‘Smart Nation’ in Singapore doesn’t come cheap
Schooling isn’t cheap in Singapore: Not just for citizens, but for the government too.
Today Online 

Singapore: SMU backs launch of student-run fund Protégé Ventures
Kairos ASEAN has partnered with the Institute of Innovation & Entrepreneurship (IIE) at Singapore Management University (SMU) to launch Protégé Ventures, Southeast Asia’s first venture fund run by students for students.

Singapore e-commerce startup Y Ventures commences trading on Catalist, raises $5.56m in IPO
Singapore-founded, data analytics-driven e-commerce retailer and distributor Y Ventures Group Ltd. has commenced trading on the Catalist growth board of the Singapore Exchange (SGX), opening at 27 cents.

PM Lee: Singapore has to speak up on key issues to secure its space in the world
SINGAPORE has a responsibility to highlight important issues which concern it, deal with them, and push its position on them, Prime Minister Lee Hsien Loong said.
The Business Times 

Singapore working to deepen ties with China and US: PM
SINGAPORE has a broad, wide-ranging relationship with both China and the United States, Prime Minister Lee Hsien Loong said on Monday.
The Business Times

Why only 9% of Singaporeans prefer to use banking apps
It seems that Singaporeans are not that eager to use mobile banking apps, a report from HSBC said.
— Singapore Business Review

Singtel’s NetLink Trust launches $2.3b IPO
RHB reported that fibre network owner NetLink NBN Trust announced its initial public offering (IPO) price at $0.81 per unit.
Singapore Business Review 

MBS dealer stole chips by dropping them into the back of his shirt
A dealer who misappropriated thousands of dollars in casino chips at Marina Bay Sands (MBS) casino was sentenced to nine months’ jail yesterday.
The New Paper 

SAL pilots programme to prepare lawyers for advances in AI
THE Singapore Academy of Law (SAL) has announced the launch of a two- year pilot programme to help law firms cope with the disruption in law practices caused by advances in artificial intelligence (AI) technology.
The Business Times 

New NUH study to test stem cells as treatment for liver disease
The use of stem cell treatment to repair liver cirrhosis, or hardening of the liver, will be tested in a clinical trial here involving 46 patients and costing S$2.6 million.
Today Online 

Construction firm fined S$250,000 after worker died in accident under Yio Chu Kang flyover
A construction company and one of its supervisors have been convicted and fined for failing to take adequate safety measures on site, resulting in the death of a worker two years ago.
Channel NewsAsia 

What Did the Brunei Sultan’s Singapore Visit Accomplish?
Last week, Brunei’s Sultan Hassanal Bolkiah paid a two-day state visit to Singapore. Though the highlight of the visit was the commemoration of the 50th anniversary of their unique currency agreement, it also demonstrated the broader significance of the relationship for both sides.
The Diplomat 

Indonesia to bring home tax money parked in Singapore
The government is to hunt down tax money from Indonesians who park their money in Singapore, following an offer from Singapore to allow Indonesia to access the financial data of Indonesians in the neighboring country.
The Jakarta Post

Great Eastern rebrands Overseas Assurance Corporation
Great Eastern Holdings’ general insurance arm, Overseas Assurance Corporation (OAC), has been rebranded as Great Eastern General Insurance (GEG) in Singapore, with its operations in Malaysia targeted to follow suit end of August 2017.
Singapore Business Review 

Condo resale prices up 0.9%
According to SRX Property, both CCR and OCR recorded a price increase of 1.3% and 1.1% respectively, while RCR price index has remained unchanged at 0.0%.
Singapore Business Review 

Top 5 reasons Singapore employers extend counteroffers
According to a recent survey by Robert Half, top reasons for doing so included employees fitting in well with the company and team (60%), retaining knowledge within the company (59%) and additional costs related to hiring (57%).
Human Resources Online 

Networking is key to landing a job in Singapore, finds Linkedin study
Online introverts, especially those based in Singapore, are missing out on a slew of job opportunities available on the Internet, according to recent study findings by LinkedIn.
The Edge Markets 

Singapore Rolls the Dice with Bold Education Reforms
Governments in many countries are talking about reforming their education systems to better equip graduates seeking work and to provide business with the skilled labor force for which it cries out.
— TheNewsLens


Feature photo Tiberiu Ana
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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