Singapore Morning News For October 20

Ageing population triggers debate on GDP growth, interest rates
THE unique challenges presented by the global ageing trend across several large countries have thrown up a debate over whether slower labour force gains would weigh on economic growth enough to lower interest rates, a fresh report from JPMorgan Asset Management showed.
— The Business Times

Singapore is the most robust Asian market for data centres
Singapore is the most robust country for data centres in Asia as it scored 84.50 out of 100 in Cushman & Wakefield’s Data Center Risk Index.
— Singapore Business Review

‘I am not sure that it is solved’: PM Lee on dispute with siblings
Prime Minister Lee Hsien Loong said on Thursday (Oct 19) that he is not sure if the dispute with his siblings over plans to demolish the home of Lee Kuan Yew has been solved.
— Channel NewsAsia

Singapore, US have ‘sound relationship’ based on ‘basic strategic congruence of views’: PM Lee
Prime Minister Lee Hsien Loong hopes to develop the “very sound relationship” between Singapore and the United States when he makes his official working visit to Washington, DC from Oct 22 to 26.
— Channel NewsAsia

COE prices end mixed in latest bidding exercise
Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Thursday (Oct 19).
— Channel NewsAsia

Govt will not shy away from amending laws to boost energy sector: S Iswaran
Ahead of the 10th Singapore International Energy Week, Trade and Industry Minister S Iswaran tells Channel NewsAsia that the Government have minimising regulatory barriers for Singapore’s energy sector.
— Channel NewsAsia (video)

SIA to buy more Boeing planes, TPP updates may arrive by Apec summit: PM Lee
PRIME Minister Lee Hsien Loong expects to witness Singapore Airlines (SIA) placing additional airplane orders from Boeing during his coming visit to the United States, he said in an interview with CNBC reported on Friday.
— The Business Times

Singapore’s Frasers Commercial Trust Fiscal 4Q Distributable Income At S$19.39 Mln
Singapore’s Frasers Commercial Trust said Friday distributable income for its fiscal fourth quarter fell to S$19.39 million ($14.29 million) from S$19.48 million in the year-ago period as a result of higher repair and maintenance costs and lower occupancy at some properties, according to an exchange filing.
— Nikkei Asian Review

Marvelstone fintech arm to launch ICO in 2018
The fintech arm of private investment firm Marvelstone Group, LATTICE80, plans to conduct an initial coin offering (ICO) in 2018.
— Singapore Business Review

Singapore firm eyes ICO to provide platform for cryptoeconomics
IN an attempt to institutionalise cryptocurrency as a new asset class, Lattice80, a Singapore-based co-working space and self-described fintech hub, announced on Thursday that it would conduct an initial coin offering (ICO) in 2018.
— The Business Times

Shorter, streamlined process for HDB resale transactions from next year
The Housing and Development Board (HDB) will launch a new resale portal to reduce the transaction time for buying and selling HDB flats, it announced on Thursday (Oct 19).
— Channel NewsAsia

Anti-terror training for security officers
Security officers will be given training by 2020 to recognise potential terror threats, in a bid to better equip them to detect and deter potential attacks.
— The Straits Times (paywall)

Singapore to give S$100,000 for humanitarian aid in Rakhine
Singapore will contribute S$100,000 towards humanitarian efforts in Myanmar’s Rakhine state through the ASEAN Coordinating Centre for Humanitarian Assistance (AHA Centre).
— Channel NewsAsia

Trade associations sign agreement to further ‘zero-waste nation’ goal
Nine Trade Associations and Chambers (TACs) on Thursday (Oct 19) signed a Memorandum of Understanding (MOU) to contribute to a more sustainable living environment and further Singapore’s goal of becoming a zero-waste nation.
— Channel NewsAsia (video)

New rail infrastructure adds to rising costs of public transport: PTC chair Richard Magnus
The Public Transport Council (PTC) will consider the rising cost of maintaining new rail infrastructure as it goes into its annual fare review exercise, PTC chairman Richard Magnus said on Thursday (Oct 19). The council will also consider whether free pre-peak travel and lower off-peak travel fares will be made permanent.
— Channel NewsAsia (video)

Honeymoon adventure on Hokkaido’s tallest peak turned harrowing ordeal for couple
The hike up and down Hokkaido’s tallest peak typically takes about five hours to complete. So Singaporean Amelda Lim, 28, and her Malaysian husband Long Ji Yung, 27, did not bring much food with them on their journey, much less lug along a tent.
— Today Online

SG: Rockworth Capital co-founder starts new firm; Odyssey Capital to launch new funds; New Silkroutes buys stake in European fund manager
Lim Su Kiat, co-founder of Rockworth Capital Partners (RCP), is launching a new investment management company, Firmus Capital, that will focus on direct real estate, while alternative asset manager Odyssey Capital is in the process of launching two other alternative investment funds.
— DealStreetAsia

Man in hospital after wild boar attack at Bukit Gombak
The authorities will step up surveillance in the Bukit Gombak area after a resident was injured in a wild boar attack outside a condominium at 25, Hillview Avenue yesterday.
— The New Paper

Government should consider legislating Sports Safety Act to help protect athletes
Sports policy commentator Jose Raymond has advocated for the Government to consider legislating a Sports Safety Act, in the wake of several sports-related deaths in recent years.
— The Independent Singapore

Changes to HDB resale process could hit some valuers hard, benefit some buyers
Faster resale flat transactions would benefit first-time buyers looking to settle quickly into their new homes, as well as sellers with existing properties to move into, said buyers and sellers in the resale flat market.
— Today Online

Man gets record 20 months’ jail for animal cruelty
In the stiffest sentence ever meted out for animal cruelty, a 45-year-old man was jailed for 20 months on Thursday (Oct 19) for abusing his pet dogs to death and abandoning them.
— Today Online

Pets can Uber too with new service by ride-hailing firm
Commuters can soon travel on ride-hailing service Uber with their pets and enjoy S$2 off the booking fee waiver till the end of this year.
— Today Online

Nets mobile wallet allows you to leave your cards at home
Making payment through Nets can now be done with a tap of the mobile phone or by scanning a QR code on a new mobile app, without the need for the physical ATM cards.
— Today Online

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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 20 added by Leakhena Khat on October 20, 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.