Singapore Morning News For October 19

Singapore most robust nation in Asia-Pac for data centre operations: Cushman & Wakefield
SINGAPORE has been rated Asia-Pacific’s top location for data centres in a report by Cushman & Wakefield.
— The Business Times

WorldSkills Singapore 2018 to feature cybersecurity; include university students
WorldSkills Singapore 2018 will be expanded to include university students and introduce competition areas that are relevant to industries in Singapore such as cybersecurity, SkillsFuture chief executive Ng Cher Pong said on Wednesday (Oct 18).
— Channel NewsAsia

Expectations are high for Q3 earnings
AS THE third-quarter earnings season begins in earnest, expectations are running high among some fund managers and analysts.
— The Business Times

Cashless fees not a major hurdle for hawkers: study
HAWKERS in Singapore – the bastion of the city-state’s national treasure, food – have no problems handling cash despite the supposed hassle of physical notes and coins, a study by Visa Singapore has shown.
— The Business Times

Going to school in Singapore a costly affair for foreigners
Foreigners and Singapore permanent residents (PR) will have to pay more over the next three years to enrol their children in schools here.
— The Star Online

Singapore commuters fueling growth in Malaysia’s Johor
During morning rush hour, long lines of cars and motorbikes in this southern state snake toward the Johor Strait, where they can cross into Singapore. In the evening, when workers make their way back to Malaysia, a major bottleneck forms in Singapore.
— Nikkei Asian Review

Singapore Medical Group buys paediatric practice for S$7.9m
SINGAPORE Medical Group (SMG) has announced in a filing with the Singapore Exchange it is acquiring Babies and Children Specialist Clinic, a paediatric practice located at Mount Alvernia hospital, for S$7.9 million.
— The Business Times

Keppel REIT NPI up 0.3% to $31.67m in Q3
Keppel REIT’s net property income (NPI) barely inched up 0.3% YoY from $31.58m to $31.67m in Q3.
— Singapore Business Review

This is why rich Asian clans are pouring money into technology startups
In Hong Kong, 35-year-old Matthew Tai has been shifting part of his family’s fortune, built by his father and uncles in real estate, into a string of digital startups.
— Today Online

Tech review: What to expect when the Google Pixel 2 XL lands in Singapore
Android users in Singapore will finally be able to get their hands on a Google Pixel phone come Nov 15.
— Today Online

Nasdaq, Singapore’s SGX Announce Agreement Allowing Collaborative Listings
Nasdaq Inc. (NDAQ – Get Report) along with Singapore Exchange (SGX) on Wednesday announced the finalization of a collaborative agreement that will allow companies access to a concurrent or sequential listing on both exchanges.
— The Street

Two investors join revolt against Singapore developer’s $2.4b M&C hotels takeover
Two fund management firms have joined an investor revolt against the planned 1.8 billion pound ($2.4 billion) takeover of Britain’s Millennium & Copthorne Hotels (M&C) by City Developments Limited (CDL), its majority shareholder.
— DealStreetAsia

More companies giving staff mental health support
Counselling firms have seen a rise in the number of corporate clients who want to give their staff more mental health support.
— The New Paper

20% don’t consume food past expiry date
“Why waste good food? As my husband says, these dates are a guideline, something to take note of but not something to be followed religiously,” said the teacher in her early 30s.
— The New Paper

Man arrested for leaving bag unattended at two MRT stations while running errands
A 37-year-old man has been arrested for leaving his bag unattended at an MRT station while he ran errands twice in a day, police said on Wednesday (Oct 18).
— Today Online

Can Singapore McDonald’s ‘Phone Off, Fun On’ Initiative Encourage Family Bonding?
McDonald’s has introduced mobile phone lockers and table service at one of its flagship Marine Cove outlets in in Singapore in order to help people to rediscover quality time with their families, the fast-food chain said Monday.
— International Business Times

New digital technology research centre at NTU Singapore to focus on air traffic management and underwater robotics
Nanyang Technological University (NTU) in Singapore is setting up a joint research centre to develop research projects and programmes in high-end digital technology, in collaboration with Swedish defence and security technology leader Saab.
— Open Gov Asia

Singaporean newspaper under fire over Muslim cleric’s column that suggested beating ‘stubborn wives’
ne of Singapore’s mainstream newspapers has come under fire for running a column by a conservative Muslim cleric that advises men on how to deal with a stubborn wife by beating her.
— Telegraph

Take out Alibaba and Tencent, and China tech story is not that exciting: Dechert’s Dean Collins
As Asia matures into a private investment market with emergence of sector-focused funds and heavyweight investor China acts as the flag bearer, specially in areas of technology investments, a senior lawyer and PE fund formation expert has a contrarian view: China tech story may not be “that exciting” if the likes of Alibaba and Tencent are taken out.
— DealStreetAsia

‘Firms must take harassment seriously’
The Mediacorp employee who made “inappropriate remarks” to a Channel NewsAsia producer has been dismissed, The New Paper understands.
— The New Paper

12 years’ preventive detention for paedophile
Being sentenced to preventive detention on two earlier occasions had done little to deter a diagnosed paedophile from a life of crime.
— The New Paper

Court rules 75 investors to get $8m back from stalled New Zealand property deal
A years-long wrangle over a property investment in South Island that went sour has ended on a sweet note for 75 investors, mainly Singaporean, when New Zealand’s top court ruled that they should get back their deposits of NZ$8 million (S$7.7 million), which includes interest.
— The New Paper

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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 October 19 added by Leakhena Khat on October 19, 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.