Singapore Morning News For September 20

Children’s Education: Singaporeans Biggest Spenders, But More Indonesians Paying
When it comes to spending on their children’s education Singaporeans are the biggest spenders in Asean according to a recent survey by HSBC, but Indonesia has the highest proportion of parents paying for private tuition.
— AEC News Today

Singapore, China sign MOU for Belt and Road Initiative dispute mediation
The Singapore International Mediation Centre and the Mediation Center of the China Council for the Promotion of International Trade / China Chamber of International Commerce on Tuesday (Sep 19) signed a Memorandum of Understanding to work together to help businesses resolve disputes that may arise under China’s Belt and Road Initiative.
— Channel NewsAsia

Why the ageing population could worsen wealth inequality in Singapore
Singapore’s ageing population could worsen income and wealth disparities, Deloitte said in its Voice of Asia report.
— Singapore Business Review

New excise tax to trigger price adjustments for ThaiBev
Tax on some of its spirits could rise by $1.2. Thailand’s new excise tax law could pull up the prices of ThaiBev’s products. According to OCBC Investment Research, officials expect ‘moderate’ rises in prices for products such as alcoholic beverages.
— Singapore Business Review

Singapore to have new academy to train cybersecurity professionals
More needs to be done even as Singapore has made “good progress” in building up its cybersecurity capabilities, as it is more exposed than many other countries to cyberattacks, said Acting Prime Minister Teo Chee Hean on Tuesday (Sep 19).
— Channel NewsAsia

Be a neighbour of President Halimah for $460,000
That is what can get you a flat in the Yishun Avenue 4 block where President Halimah Yacob has her family home.
— The New Paper

Cash for contraband: Cigarette smugglers recruited on Carousell
They knew they would be smuggling contraband cigarettes into Singapore in vehicles, but still did it.
— The New Paper

SingTel receives $1.1b in cash for Netlink Trust IPO
SingTel pops the champagne after it received $1.1b in cash after it sold its 75.01% stake in NetLink Trust.
— Singapore Business Review

Business as usual for Toys ‘R’ Us in Singapore despite US bankruptcy
The Asian operations of Toys ‘R’ Us are unaffected by the toy store chain’s bankruptcy filing in the United States, its joint venture partner said yesterday.
— The New Paper

Baggage handler accused of swopping tags on hundreds of bags at Changi Airport
A baggage handler at Changi Airport allegedly swopped the tags on hundreds of bags, sending the luggage to incorrect destinations.
— The Straits Times

Singapore to promote stronger cooperation between ASEAN and China: PM Lee
Singapore will promote stronger cooperation between ASEAN and China when it takes over as ASEAN chair next year, Prime Minister Lee Hsien Loong said at a meeting with Chinese Premier Li Keqiang in Beijing on Tuesday (Sep 19).
— Channel NewsAsia

China, Singapore look to put difficulties behind them
China and Singapore on Tuesday sought to put recent difficulties in their relationship over Taiwan and the disputed South China Sea behind them as Singapore’s Prime Minister Lee Hsien Loong began a trip to Beijing.
— Reuters

Drivers association calls for fair taxes
The association representing private-hire car drivers yesterday called on the taxman to review allowable business expenses so that drivers are taxed fairly.
— Today

Temasek leads US$300m investment in electric scooter maker Gogoro
Gogoro Inc, an electric scooter-maker backed by Panasonic Corp, raised US$300 million (S$404 million) from Singapore’s Temasek Holdings and other investors to pay for expansion and research and development.
— The Straits Times

Singapore GP attendance rises 19 percent in 2017
Attendance at the Singapore Grand Prix rose 19 percent in 2017, underscoring the popularity of the race, whose contract was extended last week for four years.
— Reuters

‘Lucrative’ job ads for drivers land 11 in jail for smuggling
More people are falling prey to online job advertisements seeking drivers to transport illegal goods across the border, the Singapore Customs said.
— Today

Singapore August exports up 17.0 pct y/y, exceeds forecasts
Singapore’s non-oil domestic exports (NODX) rose more than expected in August from a year earlier, helped by strength in electronics shipments and strong exports to China, official data showed on Monday.
— Reuters

TPG Telecom ‘on track’ to have outdoor mobile network in Singapore by end-2018
TPG Telecom, which won the race to become Singapore’s fourth telco, said on Tuesday (Sep 19) it is “on track” to achieve nationwide outdoor mobile service coverage by December 2018.
— Channel NewsAsia

Younger Singaporeans at risk of diabetes eligible for S$5 screening tests
Singaporeans below the age of 40 who are assessed to be at risk of diabetes after completing an online survey are eligible to undergo a full screening of the disease for S$5.
— Channel NewsAsia

Feature photo Reggie Wan
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 September 20 added by Leakhena Khat on September 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.