Singapore Morning News For November 28

Singapore Morning News For November 28
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Singapore morning newsCivil servants to get year-end bonus of 1 month
Civil servants in Singapore will receive a one-month year-end Annual Variable Component (AVC), the highest end-of-year bonus received in four years.
Channel NewsAsia 

ASEAN Army Ties in the Spotlight in Singapore
In November, Singapore hosted this year’s iteration of a series of regular ASEAN meetings focused on promoting greater interactions and confidence-building between Southeast Asian armies.
The Diplomat

Singapore employees fall short in global survey on taking responsibility for upgrading their own skills
Nine in 10 global employees, or 91 per cent, say that it is their personal responsibility to keep up with the best practices through learning and development opportunities.
South China Morning Post

Tofu wine on the menu, as NUS researchers develop alcoholic drink from tofu waste
Wine connoisseurs seeking a more unusual tipple could soon get a taste of an alcoholic beverage made from tofu whey, a liquid that is generated from the production of bean curd.
Today Online 

More successful applications, but Medifund disbursement falls after MediShield Life rollout
The number of successful Medifund applications increased even as the disbursed amount decreased in the last financial year (FY), said the Ministry of Health (MOH) on Monday (Nov 27).
Today Online 

Singapore emerges as third largest global ICO hub
Singapore has emerged as the third largest initial coin offer (ICO) market globally after the US and Switzerland and the leading hub for ICO activity in Asia, as part of a larger disruption to the venture capital sector.

Louis Dreyfus to buy Chinese oilseed firm from Singapore’s Golden Agri
Global trading house Louis Dreyfus Company is to buy an oilseed crushing and vegetable oil refining business in China from Singapore-based Golden Agri-Resources, extending its presence in the world’s biggest oilseed importing country.

Internet sex crimes against women, kids may get new penalties
Singapore is considering new penalties to address sex crimes targeting women and children on the Internet, said Home Affairs and Law Minister K. Shanmugam in a Facebook post yesterday.
The New Paper 

Singapore Is Losing Home Advantage in IPO Battle With Hong Kong
Fourteen companies based in the Southeast Asian city have chosen to list on their home stock market this year, compared with 13 on the bourse operated by Hong Kong Exchanges & Clearing Ltd., according to data compiled by Bloomberg.

Singapore joins trend of lower property debt
The accumulation of debt due to property purchases might have eased as Singapore’s real rates rose, Morgan Stanley said.
Singapore Business Review

Stranded in Bali after Mt Agung erupted? Here are 4 ways of returning to Singapore
Indonesia’s Mount Agung has erupted, shutting down Bali’s main airport with the cancellation of flights in and out of the island.
Channel NewsAsia 

Singaporean and Malaysian journalists jailed for drone use in Myanmar face possible immigration charge
A Singaporean as well as a Malaysian journalist, jailed for trying to use a drone over a Parliament building in Napyipdaw, are now being accused of breaching the country’s immigration law.
The Straits Times (paywall)

SIA and other airlines cancel flights to Bali amid fears of larger eruption on Mount Agung
At least six airlines, including Singapore Airlines (SIA), Scoot, AirAsia and Jetstar Asia, have cancelled flights to Bali on Monday (Nov 27) amid fears of a larger eruption on the Mount Agung volcano.
Today Online 

2 men cheated of about S$1,000 in ‘iCloud scams’
The police have advised members of the public to beware of ‘iCloud scams’ after two men were cheated of RMB 5,200 (S$1,059).
Channel NewsAsia 

Majority of motor insurance fraud cases in Singapore linked to large syndicates
According to the General Insurance Association, Singapore saw more than S$320 million in inflated and fraudulent claims from 2014 to 2016. Channel NewsAsia explores how the large-scale syndicates behind the majority of such phony claims operate.
Channel NewsAsia (video)

Singapore stocks fall amid rising China borrowing costs, Malaysia equities gain
Singapore shares edged lower on Monday mirroring the decline in Japanese and Hong Kong markets as the specter of rising borrowing costs in China outweighed positive cues from Wall Street. Malaysian equities eked out small gains after a choppy session.
Nikkei Asian Review 

Wilmar becomes first palm oil company to link bank loan to sustainability performance
Wilmar International has become the first company in Asia as well as in the palm oil industry to take a loan with interest rate pegged to its sustainability efforts.
Today Online

8 SMRT staff fired for Bishan tunnel flooding incident
SMRT has dismissed eight staff for the Bishan tunnel flooding incident, it said on Monday (Nov 27).
Channel NewsAsia 

Couple tortured intellectually disabled woman for months until she died
Nearly every day for months, a 31-year-old woman physically abused a friend who lived with her, to “punish” her for lying and other purported misdeeds.
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.


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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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