Singapore Morning News For June 21

Singapore Morning News For June 21

Singapore morning news

Scoot to launch 5 new destinations in the next year
Low-cost carrier Scoot is set to launch five new routes in the next year, including a long-haul destination and four short to mid-haul routes, it announced on Tuesday (Jun 20).
Channel NewsAsia

Property landmark: Geylang plot returns to state when lease expires
In three-and-a-half years, the 191 private terrace houses along Geylang Lorong 3 will be demolished to make way for public housing, as the land they occupy becomes the first residential plot to be returned to the state upon expiry of the 60-year lease.
Today Online 

Barraged by allegations, Lee vows transparency
Singapore’s Prime Minister Lee Hsien Loong apologized to the nation on Monday evening as a family feud with his younger siblings continued to play out over social media. The rare public split between members of the country’s first family has captivated Singaporeans while raising hard questions about Lee’s style of governance.
Asia Times 

Port of Singapore throughput up 5.3% to 259.34 mln t in 5M’17
Cargo volumes handled at the Port of Singapore in January-May 2017 climbed by 5.3%, year-on-year, to 259.34 mln t, the Port Authority statistics show.

SIA Engineering, GE Aviation to form engine overhaul JV in Singapore
SIA Engineering Company (SIAEC) and GE Aviation announced Tuesday that they are establishing a new engine overhaul joint venture based in Singapore.
The Edge Markets 

AEC News Today mobile app for Android V2.0

Singapore LNG performs first small-scale reload on Cardissa
Singapore LNG (SLNG) has completed its first small-scale reload this week, filling the fuel tanks of the LNG bunker-supply newbuilding Cardissa.
LNG World Shipping 

Singapore’s Pharma Market to Exceed $1B by 2019
The pharmaceutical market in Singapore is set to rise from $948 million in 2017 to around $1.2 billion in 2021, and will first exceed the $1 billion mark in 2019, according to research and consulting firm GlobalData.
Pharm Pro

Total advertising revenues to reach $536m in 2021
The total advertising revenue in Singapore is expected to reach US$388m ($536m) in 2021, following a 0.9% compound annual growth after it rose 1.3% to US$372m last year.
Singapore Business Review 

Singapore: Razer acquires minority stake in Malaysia’s MOL Global
Singaporean-founded gaming hardware company Razer has acquired a minority stake in Malaysia’s e-payments platform MOL Global, and appointed the latter as a master distributor of its virtual currency, zGold, in the Asia-Pacific.
Deal Street Asia 

COSCO Shipping International (Singapore) Co., Ltd. (SGX:F83): Are Shares Undervalued?
COSCO Shipping International (Singapore) Co., Ltd. (SGX:F83) has a current MF Rank of 13424. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks.
Buckeye Business Review 

Social media ‘not an appropriate platform’ to receive religious guidance: MUIS
Social media is “not the appropriate platform” to receive religious guidance and instruction, the Islamic Religious Council of Singapore (MUIS) said on Tuesday (Jun 20), after it was announced that auxiliary police officer Muhammad Khairul Mohamed has been detained for planning to travel to Syria to take part in armed violence.
Channel NewsAsia 

Singapore Home To Google’s First Southeast Asia Cloud Region
Google has launched another cloud region, this time in Singapore, where the total number of customers utilising the giant’s Cloud Platform (GCP) has increased by 100% in the last year alone.
Data Economy 

Singapore Airshow Will See Impact of Disruptive Technologies
As visitors to one of the world’s major aerospace events, attendees at the Paris Airshow will know that other major international airshows will also be taking place in the next 12 months; in Dubai, the United Arab Emirates, November 12-16, 2017, and Singapore, February 6-11, 2018.
AIN Online 

PM Lee urges Malay-Muslim community to stand with Government to tackle extremism
Against the backdrop of more frequent terrorist incidents in many countries, it would be unrealistic to think Singapore can be immune or exempt from the threat of radicalism, said Prime Minister Lee Hsien Loong on Tuesday (June 20).
Today Online 

Red Dot Design Museum to relocate to Marina Bay
The Red Dot Design Museum Singapore at Maxwell Road will be relocating to Marina Bay by the end of this year.
Today Online 

Singapore amongst cities with largest office rent declines
If the latest Global Prime Office Occupancy Costs report from CBRE Research is anything to go by, then it seems that the office market in Singapore is becoming cheaper.
Singapore Business Review 

The top 4 causes of workplace stress in Singapore
Despite already being a highly competitive business environment with long working hours, independent research commissioned by specialised recruiter Robert Half has found 76% of Singaporean CFOs expect stress levels of their finance staff to rise over the next three years.
Singapore Business Review 

Eurokars continues infrastructure expansion, eyes listing
MOTOR magnate Karsono Kwee is on a building spree and – he has finally confirmed – is on course for an eventual listing of his Eurokars Group.
The Business Times 

Noble to defer coupon payment, confirms US$2b credit extension
NOBLE Group on Tuesday said it will be deferring coupon payment on its perpetual bonds due a week later, as it confirmed news reports that it had extended its US$2 billion credit facility by four months.
The Business Times 

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Manpower Ministry steps up checks on vehicular safety practices at workplaces
The Ministry of Manpower (MOM) is stepping up enforcement measures on vehicular safety at workplaces after 287 vehicular work injuries were recorded in the first five months of the year – six of which were fatal.
Channel NewsAsia 

Nine books banned for extremist content
The Ministry of Communications and Information (MCI) said yesterday that the books by Mr Rasul Dahri contain extremist religious views, including the rejection of a secular state and a call for Muslims to establish an Islamic state.
The New Paper 

Singapore fights radicalization as ISIS spreads in region
Singapore said on Tuesday it had detained an auxiliary police officer for attempting to undertake armed Islamist violence overseas, and it also banned nine publications by a preacher for containing extremist religious views.
New York Post

Is London the new Singapore when it comes to property?
Could Little Venice be the new Little Red Dot, Golders Green the new Garden City? Is The Ritz the new Raffles? Potentially, if property designer and developer Finchatton is correct.
Ham High 

Singapore won’t be rushed into F1 contract
Singapore will not be rushed into extending its contract with Formula One, the trade ministry said Tuesday as negotiations for the night race to continue in the city-state are underway.

CoAssets gets licence to run crowdfunding in Singapore
HOMEGROWN crowdfunding company CoAssets said on Tuesday that it has received the Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS) to run crowdfunding in Singapore.
The Business Times 

Singapore’s hawker food culture under threat
Singapore’s street food culture was thrust into the international spotlight when Michelin awarded two of the country’s so-called “hawker” stalls a single star each for their culinary achievements.
The National 


Feature photo Leakhena Khat
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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