Singapore Morning News For July 21

Singapore Morning News For July 21
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Singapore morning newsNUS-Redas property sentiment index at its highest since Q1 2010
PROPERTY market sentiment continues to improve, going by the latest reading of the quarterly sentiment index published by the developers’ body and the National University of Singapore (NUS).
The Business Times 

Tertiary students in S’pore not as tech-savvy as they think: Study
Despite being “digital natives”, youths here are not as well-equipped for the digital economy as they think: A study has found that Singaporean tertiary students overestimate their level of proficiency in digital literacy skills, including in word processing and spreadsheets.
Today Online 

Manila kidnap case: S’poreans more wary on trips to Philippines
Following news of the rescue of a Singaporean woman kidnapped at a Manila casino, those who travel often to the Philippine capital say they will stay extra vigilant when they are there.
Today Online 

S’pore soon to be Grab’s largest cashless payments market
Singapore is likely to soon become Grab’s largest market in terms of cashless payments, according to company president Ming Maa yesterday. The ride-hailing firm is turning its sights on the finance industry.
The New Paper

AI likely to double Singapore’s economic growth rate by 2035: research
Artificial intelligence (AI) could nearly double Singapore’s annual economic growth rates by 2035, the Straits Times reported on Thursday, quoting a research released by global professional services firm Accenture.

Electricity costs expected to dip by as much as 20% with market liberalisation: Analysts
The Energy Market Authority says market competition will determine the number of players selling you electricity come the second half of 2018.
Channel NewsAsia (video)

Keppel Corp posts 21% drop in Q2 profit
Analysts say the outlook for Singapore’s oil and gas industry remains muted.
Channel NewsAsia (video)

One Of Singapore Telecommunications Limited’s Future Growth Areas – Digital Marketing
In one of our previous articles here, we highlighted that cyber security is an important growth area for Singapore Telecommunications Limited (SGX: Z74), since the company is moving away from a pure telecom service to other value added services.
The Motley Fool Singapore 

Malaysian realty player Aspen Group launches Catalist IPO, targets $26.8m raise
Malaysia-based property development group Aspen Holdings Limited – which develops affordable residential and mixed development properties for middle-income mass market purchasers – has launched its initial public offer (IPO) on the Catalist board of the SGX, targeting to raise S$36.72 million ($26.8 million).

Novacap’s first sodium bicarbonate plant in Asia opens in Singapore
Novacap has officially opened a sodium bicarbonate plant in Singapore, the first of its kind for the French firm in Asia, to boost sales to bakery and pharmaceutical sectors, among others.

SingPost shareholders ask if those involved in TG deal taken to task
SINGPOST’S controversial TradeGlobal (TG) deal dominated the floor at its 25th Annual General Meeting (AGM) on Thursday.
The Business Times 

Singapore’s Hyflux issues profit guidance for Q2
Singapore-based water treatment company Hyflux announced on Thursday (July 20) a profit guidance for the second quarter.
Today Online 

Clubs with jackpot machines to face tighter regulations to guard against problem gambling
Clubs operating jackpot machines will come under more restrictions in order to get a permit to run such facilities, announced the Ministry of Home Affairs (MHA) on Thursday (Jul 20).
Channel NewsAsia 

PIE work site accident: Injured worker’s condition deteriorates
The condition of one of the workers in intensive care after the PIE work site accident at Upper Changi Road East, has taken a turn for the worse, said Or Kim Peow (OKP), the contractor overseeing the project, on Thursday (Jul 20) evening.
Channel NewsAsia 

New OneMap app launched with live traffic information
The Singapore Land Authority (SLA) rolled out a mobile app version of its integrated map system OneMap offering tips on routes and services across Singapore.
Channel NewsAsia (video)

Airfares to rise 4 per cent next year
Despite the growing use of low-cost carriers, which has led to a decrease in air ticket prices this year, airfares are likely to go up by 3.9 per cent – higher than 2.8 per cent in Asia-Pacific and 3.5 per cent globally.
The New Paper 

Nam Cheong to cease debt repayments
Malaysian shipbuilder Nam Cheong intends to “temporarily cease” all debt repayments, including a bond coupon payment due on Sunday in a final bid to conserve cash and avoid liquidation.
The New Paper 

Singtel adds Visa to Dash mobile wallet app
Users of Singtel’s Dash mobile wallet app can now tap to pay for goods and services at twice as many shops as before, thanks to its partnership with Visa.
The New Paper 

One Of Singapore Telecommunications Limited’s Future Growth Areas – Digital Marketing
In one of our previous articles here, we highlighted that cyber security is an important growth area for Singapore Telecommunications Limited (SGX: Z74), since the company is moving away from a pure telecom service to other value added services.
The Motley Fool Singapore 

Singapore Airlines reviews nut policy after incident
Singapore Airlines is reviewing the serving of nuts on board its flights after an allergy scare involving a three-year-old boy.
Travel Weekly

Inside Singapore’s multibillion-dollar palace
Singapore has no shortage of luxury homes with huge price tags. For instance, the exclusive Sentosa Cove enclave is known to attract ultra-wealthy foreigners looking for multimillion-dollar bungalows that come with private berths for their yachts.
Property Guru 

Evolution of public housing in Singapore
As Singapore grew from a fishing village to a major seaport, so too did its population, leading to overcrowding and unhygienic living conditions. To deal with this problem, the then British colonial government set up the Singapore Improvement Trust (SIT) in 1927. The SIT built Singapore’s first public housing estate in Tiong Bahru, which comprised 784 flats, 54 tenements and 33 shops.
Property Guru

Two companies fined over deaths of two prime mover drivers
Prime mover driver Yeoh Lim Koon had repeatedly flagged a defective handbrake on his vehicle to his employer, Woodlands Transport Service – but the company delayed the repairs in order to source for cheaper replacement parts.
Channel NewsAsia 

Many laud gaming curbs, but seniors lament loss of entertainment source
Playing slot machines often seems like harmless fun and an attractive way to pass time for housewives and retirees, but they will soon find themselves losing control and become addicted like gamblers.
Today Online 


Feature photo Bryn Pinzgauer
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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