Singapore Morning News For October 16

Singapore Morning News For October 16
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Singapore morning newsChangi Airport armed with $1.35b fund to export expertise
Changi Airport has set up a more than US$1 billion (S$1.35 billion) kitty – partly funded by external investors – to fuel ambitious plans to export its technical and operational expertise.
The Straits Times (paywall)

Blue Ice worth S$20,000 seized at Woodlands Checkpoint
A 23-year-old Malaysian woman was arrested at Woodlands Checkpoint on Friday (Oct 13) after authorities seized 208g of Ice from the car she was driving, a joint press release said.
Channel NewsAsia 

Record jumps in hospital and clinic attendances
Hospital admissions increased by a record 9 per cent last year compared with 2015. It is more than double the annual increases of up to 4 per cent in the past decade.
The New Paper 

Commentary: Singapore’s ASEAN chairmanship a chance to make practical progress on South China Sea
2017 marks a challenging year for ASEAN, the same year that ushers in 50 years since the organisation was formed.
Channel NewsAsia 

This bank holds the largest AUM in Singapore
High net worth clients entrusted US$286.5b to it in 2016.
Singapore Business Review 

Singapore: Online restaurant booking service Chope raises $13m
Singapore-based online restaurant booking service The Chope Group has raised $13 million (S$18 million) in a round led by Square Peg Capital and joined by C31 Ventures and Moelis Australia. Return backers NSI Ventures, Susquehanna International Group, DSG Consumer Partners and Singapore Press Holdings also joined the round, which is Chope’s largest till date.

SG Dealbook: Lian Beng spinoff; TEE International JV; Accrelist placement
Listed construction firm Liang Beng is planning to spin off its property development arm, TEE International has launched a JV and Accrelist is raising funds through a private placement.

Regulatory compliance, costs could turn firms away from SGX
SINGAPORE is a leading financial hub, ranking third globally just behind London and New York, but its stock market is another story.
The Business Times 

Weak growth, trade holding back global capital spending
WEAK economic growth and trade trimmed foreign capital spending on new and existing factories and offices last year, but the cut was deeper for Singapore.
The Business Times 

Changi Terminal 3 to host counter-terrorism exercise on Tuesday
Changi Airport Terminal 3 will be used for a multi-agency counter-terrorism exercise between 1am and 3am on Tuesday (Oct 17).
Today Online 

Defective train mars Downtown Line open house, disrupts services
A defective train near Hillview MRT station on the Downtown Line caused delays – and unhappiness among some commuters – on a new stretch of the line that opened for free to the public on Sunday (Oct 15).
Today Online 

Going cashless quickly is wise
Going cashless has been in the news here of late, with Prime Minister Lee Hsien Loong touching on the topic during his National Day Rally speech and the Land Transport Authority announcing that public trains and buses will go fully cashless by 2020.
Today Online 

Downtown Line service resumes after train fault briefly affects DTL3 open house
A train fault along the Downtown Line on Sunday (Oct 15) suspended train service between Bukit Panjang and Beauty World stations.
Channel NewsAsia 

Hotels squeezed as room supply rises
Projected visitor arrivals in Singapore are expected to hit an all-time high this year, but with more hotel rooms in the pipeline profit margins appear to be shrinking.
Channel NewsAsia (video)

Schools taking steps to reduce stress in students
During morning assembly last month, Deyna Yeo, 15, stood nervously before her schoolmates in Serangoon Garden Secondary School and made a speech.
The New Paper 

LTA looks at making crossings safer for pedestrians
The Land Transport Authority (LTA) is taking steps to rectify this for at least one such crossing.
The New Paper 

Promise of Singapore as an education hub fading?
Shares of Raffles Education Corp are up a staggering 89 per cent so far this year which, to the uninitiated observer, may suggest that the education group is going great guns.
The Straits Times (paywall)

This startup wants to solve Singapore rental woes through flexible leases and flatmate matchmaking
Hmlet is building a community of expats who can collectively help each other find the most attractive flats at affordable rates

Global specialist travel provider Wings buys 70% stake in Singapore’s Olympia Travels & Tours
Wings Travel Management – a specialist travel provider to the corporate, oil, gas and marine industries – is expanding its presence in the Asia Pacific region with the acquisition of a 70 per cent stake in Olympia Travels & Tours (S) Pte Ltd in Singapore.
The Straits Times (paywall)

The rise and rise of chatbots
CHATBOTS promise to be cheaper, faster and better than their human alternative. No wonder then than businesses from banks to retailers are rolling them out.
The Business Times 

Singapore is not a ‘boring city’ – if you know where to look
Growing up in orderly, air-conditioned Singapore, I had always longed for a chance to travel and taste life outside the confines of our safe borders.
The Straits Times (paywall)

Islands: Ireland building on success in the Singapore area
Like Ireland, Singapore has experienced dynamic growth and the opportunities and challenges that accompany it. Those challenges have been overcome through innovation, helping Ireland and Singapore to become known as ‘innovation islands’, hubs for world-class entrepreneurs and ecosystems that support the development of multinationals.
Independent ie 

Dealogic Now in Singapore!
Financial platform company Dealogic has opened its doors in Singapore as a sign of the company’s dedication and confidence in business opportunities in Southeast Asia. “We’ve worked with clients in Singapore for years via our Hong Kong office,” noted Romaine Jackson, Southeast Asia Head of Client Coverage at Dealogic. “We realized we could provide so much more value and deepen the relationships with a local presence.”

How this Singaporean startup is using data science to automate PR
SURVIVING the startup world can be akin to navigating a minefield, and managing good public relations (PR) can only add to the burden which is why Singaporean startup, SumoStory, is disrupting traditional practices through automation.
TechWire Asia 

Singapore’s GIC backs Irish developer Glenveagh Properties
Singapore’s sovereign wealth fund (SWF) GIC has emerged as a major shareholder with a 10.2 per cent stake in Irish residential property developer Glenveagh Properties that recently conducted an IPO.

Singapore oil-and-gas travel firm sells majority stake to global business travel group
SINGAPORE’S Olympia Travels & Tours (S) Pte Ltd has sold a 70 per cent stake in the company to Wings Travel Management, a global travel management company providing business travel and mobility services to clients in the corporate, oil, gas and marine industries. The sale price was not disclosed.
The Business Times 

Bigbelly trash bin Wi-Fi arrives in Singapore
A Singaporean pilot project that has equipped public trash bins with Wi-Fi APs is so popular that its leaders are now looking for ways to provide more bandwidth to accommodate a surge in users.
Wi-Fi Now

Singapore Telecommunications Limited (SGX:Z74) HEFFX Highlights
Singtel and Ericsson have joined forces to launch a Center of Excellence (CoE) to help the Republic gear up for the 5G mobile network switch.
Live Trading News 


Feature photo cegoh
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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