Singapore Morning News For November 3

Singapore residents first to get new cryptocurrency credit card
The Visa-branded Monaco pre-paid card will allow users to convert cryptocurrency like Bitcoin into legal tender to be used at more than 40 million merchants.
— Channel NewsAsia (video)

Singapore Airlines to bump up A380 seat count in revenue push
Singapore Airlines (SIAL.SI) will spend $850 million to increase the overall seat count by up to a quarter in its fleet of A380 superjumbos, and halve the number of first-class suites, as it seeks to combat lower airfares and boost its competitiveness.
— Reuters

Singapore to jointly develop regional robotics ecosystem
Singapore is developing a robotics ecosystem with Malaysia, Thailand and Vietnam in a bid to take the regional lead as businesses worldwide increasingly use such technology to transform their operations.
— Channel NewsAsia (video)

Broadcom redomiciling to U.S. from Singapore
Chipmaker Broadcom Ltd (AVGO.O) plans to redomicile to the United States from Singapore, President Donald Trump said on Thursday at a White House news conference where the company’s chief executive cited Republican tax efforts.
— Reuters

Fund managers far less giddy about SE Asia
Southeast Asia is on track to receive less than half the private capital it lured from fund managers in 2016.
— BusinessWorld

People willing to pay for online news they trust, research shows
With the rise of fake news, people are willing to pay for online news that they trust, research on digital media trends shows.
— The Straits Times (paywall)

DBS Can Be Singapore’s Ant
Forget the lending book. Dismiss the wealth-management aspirations. It’s DBS Group Holdings Ltd.’s embrace of technology that could be the next big driver of shareholder returns at Southeast Asia’s biggest lender.
— Bloomberg

Ride-hailing firm Grab launches e-wallet for hawker stalls in Singapore
Ride-hailing firm Grab launched its GrabPay digital wallet for hawker stalls, restaurants and shops in Singapore, making its latest big push into electronic payments as part of its efforts to expand beyond transportation services.
— Reuters

Singapore state fund in talks to buy a stake in OakNorth
A huge Singaporean sovereign wealth fund is reportedly in talks to snap up a stake in British challenger bank OakNorth.
— City AM

Cryptocurrencies and their implications for Singapore
THE market capitalisation of bitcoin and other cryptocurrencies seems to keep hitting fresh highs almost every other week. More cautious observers remind us about the “tulip mania” of 17th century Netherlands.
— The Business Times

Singapore ‘looking to ratify Unesco cultural heritage convention’
To protect its unique cultural heritage, Singapore is looking into ratifying a 2003 convention by Unesco, said Minister for Culture, Community and Youth Grace Fu on Wednesday.
— The Straits Times (paywall)

Singapore Airlines set to splash the cash in bid to up seat count by a quarter
Singapore Airlines will spend $850 million to increase the overall seat count by up to a quarter in its fleet of A380 superjumbos, and halve the number of first-class suites, as it seeks to combat lower airfares and boost its competitiveness.
— Arab News

Average number of cabs sitting idle each month up sharply from 2014
An average of about 2,600 taxis sat idle each month between January and August this year, a sharp rise from the same monthly figure recorded three years ago of about 590 unhired cabs, latest data from the Land Transport Authority (LTA) showed.
— Today Online

Singapore ranks third in countries with most failed M&A deals
Singapore has the third highest proportion of failed acquisition deals between 1992 to 2016, collaboration software firm Intralinks revealed.
— Singapore Business Review

Online hiring activity slips by 4% in September
There was a 4% decline in Singapore’s online hiring activity, Monster.com revealed.
— Singapore Business Review

The cancer of Islamist extremism spreads around the world
This week’s tragic terrorist attack in New York was the kind of isolated incident by one troubled man that should not lead to generalizations.
— Washington Post

Singapore Tech Engineering Ltd (S63.SI) Triple EMA Picking up Steam
Singapore Tech Engineering Ltd (S63.SI) has watched the Triple Exponential Moving Average (TEMA) of it’s share price trend higher over the past 5 session.
— Buckeye Business Review

Now, that’s suite
IT has been 10 years since Singapore Airlines took off on the world’s inaugural A380 flight, SQ380, from Singapore to Sydney. On Thursday, after four years of planning and an US$850 million investment, the company unveiled its new cabin products.
— The Business Times

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 3 added by Leakhena Khat on November 3, 2017
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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.