Singapore Morning News For September 21

Many opportunities for China and Singapore to build ties in ‘new historical chapter’: President Xi
Singapore Prime Minister Lee Hsien Loong and Chinese President Xi Jinping discussed new ways to advance ties between the two countries in a meeting at Beijing’s Great Hall of the People on Wednesday (Sep 20).
— Channel NewsAsia

Public concerns over reserved Presidential Election understandable: DPM Tharman
It is “understandable” that concerns were raised over the recent reserved Presidential Election (PE), and the “encouraging” public debate showed that Singaporeans have an aspiration for race to matter less, Deputy Prime Minister Tharman Shanmugaratnam said yesterday.
— Today Online

Singapore job vacancies on the rise
Job vacancies in Singapore inched up to 49,000 in June from 46,800 in March, and 55 percent of the new vacancies were for professionals, managers, executives and technicians (PMETs), the Singapore Business Review reported this week.
— Human Resource Director

70% of brands in Malaysia and Singapore don’t disclose palm oil use
A new scorecard rating companies headquartered in Singapore and Malaysia on their palm oil sustainability commitments has found that the majority do not disclose any information on their sourcing practices.
— The Guardian

Two-pronged battle plan to keep electronics sector fighting fit
INDUSTRY Minister S Iswaran has called on Singapore firms to stand shoulder to shoulder with the government to transform the electronics sector, one of the cornerstones of the Singapore’s economy.
— The Business Times

ComfortDelGro’s taxi fleet down to seven-month low
ComfortDelGro, which is facing an exodus of drivers jumping ship to its rivals, has seen the size of its taxi fleet fall sharply in recent months in line with the industry trend, based on latest Land Transport Authority (LTA) figures.
— Today Online

Exclusive: TAEL Partners raising $500m co-investment vehicle alongside current fund
Southeast Asia focused private equity investor The Asia Entreprenuer Legacy (TAEL) Partners is raising a $500 million co-investment fund, structured as an annex vehicle that will sit alongside the firm’s $700-million second fund TAEL TWO.
— DealStreetAsia

2,000 PMET jobs to be created in electronics industry by 2020: Iswaran
About 2,000 jobs for professionals, managers, executives and technicians (PMETs) will be created in the electronics sector by 2020 as part of the industry’s transformation map launched on Wednesday (Sep 20).
— Channel NewsAsia

COE prices end higher across the board in latest bidding exercise
Certificate of Entitlement (COE) prices closed higher across all categories in the latest bidding exercise on Wednesday (Sep 20).
— Channel NewsAsia

Singapore: Telcoin secures funding from East Ventures partner’ Batara Eto
Singapore-based Telcoin, a new cryptocurrency promoting financial inclusion through telecom industry partnerships, has secured an investment from East Ventures Managing Partner and Mixi co-founder Batara Eto. Financial terms of this investment are undisclosed.
— DealStreetAsia

Singapore: Temasek backs $300m Series C in Taiwanese e-scooter maker Gogoro
Temasek Holdings, Singapore’s state investor, has backed a $300 million Series C investment in Taiwanese electric scooter manufacturer Gogoro. Other participants in the round are Generation Investment Management, Sumitomo Corporation and ENGIE, as well as existing investors Dr. Samuel Yin, chairman of Ruentex Group, Panasonic and others.
— DealStreetAsia

Education system must keep experimenting for the future: Tharman
Despite its students aceing mathematics, science and reading in a prestigious international benchmarking test, Singapore’s education system must keep experimenting and having a “sense of dare” to prepare for the future, said Deputy Prime Minister Tharman Shanmugaratnam on Wednesday (Sept 20).
— Today Online

Singapore ‘leads world in cyber attacks’
Singapore has achieved another first, but being called the world’s top launcher of cyber attacks is not something to crow about.
—The New Paper

MFA advises Singaporeans travelling to the UK to be vigilant after London Tube attack
Singaporeans travelling to or living in the UK have been advised to be vigilant, especially in public places, following the terror attack on a London Tube train that injured at least 29 people.
— Channel NewsAsia

Singapore tops Asia in preparing students for the future: EIU study
Singapore’s education system is the best in Asia in preparing students for the future, according to an Economist Intelligence Unit (EIU) index released on Tuesday (Sep 19).
— Channel NewsAsia

Yishun Park Hawker Centre run by Timbre opens for business
The Yishun Park Hawker Centre at Yishun Avenue 11 opened on Wednesday (Sep 20) with 13 stallholders that are new to the hawker business.
— Channel NewsAsia

Pent-up demand greets new Rolls-Royce Phantom
A DOZEN deposits have been placed here for the new Rolls-Royce Phantom ultra-luxury limousine – even before its estimated price is announced ahead of next week’s preview in Singapore.
— The Business Times

Assets in Singapore family offices close to global average
SINGAPORE’S ultra-rich families today manage their wealth with a decidedly professional tinge: more assets are being handled professionally, and over two-thirds of these families are actively planning succession.
— The Business Times

Remittance firm employees foil impersonation scams
The elderly woman had walked into the remittance firm to remit $40,000, but the employee refused to carry out the transfer as she suspected the woman was a scam victim.
—The New Paper

New, cheaper formula milk  at FairPrice
Singapore’s biggest supermarket chain launched FairPrice Gold infant milk formula yesterday, the fourth new arrival on the market since controversy over the high prices of formula milk rose in March.
—The New Paper

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 21 added by Leakhena Khat on September 21, 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.