Singapore Morning News For November 1

Singapore opens new, high-tech airport terminal
Singapore’s Changi Airport opened a cutting-edge terminal Tuesday with a fully automated check-in system including facial scanning and computerised baggage drop points, but some passengers struggled with the new technology.
— The Nation

In Singapore, the race to dethrone cash as king of payments, with lessons from China
Mr Sahat Wahab’s nasi padang stall at Tiong Bahru Market is among the vast majority of its 80-plus stalls without a mobile payment option – this, despite a trial that concluded last year.
— Channel NewsAsia

September bank lending up 6.2% amid improved business sentiment
SINGAPORE’S total bank lending may be reflecting a lift in business sentiment, amid brighter economic prospects coming from the Republic.
— The Business Times

Singapore struggles with sand supply
According to Bloomberg, by filling the sea along its coasts with imported sand, Singapore has expanded its physical size by about 24% since 1960, according to data from the Singapore Land Authority.
— Singapore Business Review

Singapore files fresh rebuttal against Malaysia’s Pedra Branca challenge
The Republic has filed a fresh rebuttal to Malaysia’s ongoing challenge to the Pedra Branca judgment at the International Court of Justice (ICJ), the Ministry of Foreign Affairs said on Tuesday (Oct 31).
— Today Online

Malaysia not planning to follow Singapore’s move in banning 2 Islamic preachers
Malaysia’s Deputy Prime Minister Ahmad Zahid Hamidi said on Tuesday (Oct 31) Malaysia has no plans to follow Singapore’s footsteps in barring two preachers from giving talks as they did not flout the country’s laws.
— Today Online

SGX-listed Artivision Technologies to buy fintech firm MC Payment for upwards of $59m
Singapore-listed Artivision Technologies has agreed to buy local fintech firm MC Payment for a minimum of S$80 million ($59 million), the companies announced, in what will be amongst the largest exits amongst startups in this space, in the city-state.
— DealStreetAsia

S’pore mulls prepaid carbon credits to link up with systems elsewhere
SINGAPORE, in preparing for the possible integration of its carbon tax framework with external carbon markets in future, will use a credits-based mechanism for its carbon tax.
— The Business Times

Expectations are up for all services sectors except one
About 9% of services sector firms expect more favourable business conditions for October 2017 to March 2018, the Department of Statistics Singapore (SingStat) revealed.
— Singapore Business Review

Singapore wants to tax firms for carbon emissions
The Singapore government plans to implement a carbon tax of between $10 and $20 per tonne of greenhouse gas (GHG) emissions from 2019, through the proposed Carbon Pricing Bill.
— Singapore Business Review

NTU, SMI launch S$15m research centre to develop sustainable maritime solutions
The Nanyang Technological University (NTU) and Singapore Maritime Institute (SMI) on Tuesday (Oct 31) launched a S$15 million research centre aimed at developing sustainable solutions for the maritime industry.
— Channel NewsAsia

Services to replace electronics in growth limelight
STAR performer electronics may have dazzled over the past year, but it could be the services sector’s time to shine in the next six months, according to two quarterly surveys on business sentiment.
— The Business Times

Singapore to open skill development centre in Assam
Singapore will on Wednesday open its first skill development centre in India’s northeastern state of Assam to impart vocational training to youth in the region.
— LiveMint

Safe driving course revises rules to help drivers cut 4 demerit points
Motorists who have clocked up eight demerit points, and want to have four of those points expunged from their record will now be able to do so after the Traffic Police relaxed the criteria for joining their voluntary Safe Driving Course.
— Channel NewsAsia

ITE students develop multi-sensory virtual reality game
As the lush greenery beneath the hot-air balloon transforms into arid desert plains, your nape swelters under the summer heat.
— The New Paper

Feature photo Aapo Haapanen
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 November 1 added by Leakhena Khat on November 1, 2017
View all posts by Leakhena Khat →

Bio
Latest Posts

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.