Singapore Morning News For September 22

Singapore Morning News For September 22
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Singapore morning newsSingapore Press Holdings Said to Consider Job Cuts in Reorganisation Plan
Singapore Press Holdings Ltd., which started a review of its media business last year, is considering job cuts amid a reorganization, according to people familiar with the matter.
— Yahoo News 

Singapore taking lead in fighting cybercrime, but expertise remains in shortage
Following news that a new academy will be set up in Singapore to train cybersecurity professionals in the government and critical information infrastructure (CII) sectors, industry insiders said it is a step in the right direction given the current shortage of such expertise.
— Channel NewsAsia 

Singapore-China ties good but need to keep up with the times: PM Lee
SINGAPORE’S relationship with China is in a good state, and China’s leaders want the two countries to do more together, said Prime Minister Lee Hsien Loong.
— The Business Times 

Most S’pore brands not transparent about palm oil usage, says WWF
Two-thirds of homegrown Singapore brands are not transparent about their palm oil usage, and almost eight in 10 do not source for sustainable palm oil, said the World Wide Fund for Nature (WWF) yesterday.
— Today Online 

Singapore’s MyDoc pulls in $5.2M for corporate health platform
Singapore-based startup MyDoc has collected $5.2 million in Series A funding. The investment was primarily received from Aliso Viejo, California-based digital and IT services provider UST Global, with additional funds coming from venture capital firm Wavemaker Partners and others.
— Mobi Health News 

Singapore Ranks First as Launchpad for Global Cyber Attacks
Singapore has overtaken nations including the U.S., Russia and China as the country launching the most cyber attacks globally, according to Israeli data security firm Check Point Software Technologies Ltd.
— Bloomberg 

BlackRock sells Singapore office tower for $1.5B
CapitaLand Commercial Trust, Singapore’s biggest office landlord, agreed to buy BlackRock Inc.’s Asia Square Tower 2 for S$2.1 billion ($1.5 billion) in the city’s second-largest ever sale of an office building.
— Finance-Commerce 

How firms can optimise their spending on expats
THE merger of International Enterprise Singapore and Spring Singapore has brought internationalisation to the forefront of Singapore’s national agenda. For companies looking to expand overseas, global mobility will play a huge role in their business decisions and allocation of funding.
— The Business Times

Singapore business executives rank terrorist and cyber attacks as biggest global risks for local companies
In a recent global survey by the World Economic Forum in collaboration with Marsh & McLennan Companies and Zurich Insurance Group, Singapore business executives ranked terrorist and cyber attacks as the most concerning global risks for local companies.
— The Independent Singapore

Higher quality of life, fewer hospital visits for dementia patients on home care pilot
A first-of-its-kind home care programme for end-stage dementia patients has led to an improvement in their quality of life and less frequent hospital visits, the team behind the programme said on Thursday (Sep 21).
— Channel NewsAsia 

Singapore digital health startup MyDoc raises $5.2m Series A backed by UST Global
Singapore-based MyDoc, a regional digital health startup, has raised $5.2 million in a Series A funding round led by UST Global, a provider of end-to-end IT services and solutions for Global 1000 companies. Other investors include cross-border early stage venture capital firm Wavemaker Partners.
— DealStreetAsia 

Singapore’s GIC to buy 51% of Sheraton Grande Tokyo Bay Hotel for $460m
Singaporean sovereign wealth fund GIC announced Thursday it would invest approximately $460 million in a 51% stake in Sheraton Grande Tokyo Bay Hotel in Japan.
— Nikkei Asian Review 

Apple fans stay the night to be first to get iPhone 8 and 8 Plus
More than 80 diehard Apple fans descended on Singapore’s only Apple Store on Thursday evening (Sep 21) to queue overnight for the new iPhone 8 and iPhone 8 Plus.
— Channel NewsAsia 

Bill on public sector data to be tabled in Parliament next year
Government agencies may soon be required to release more of their collected data to the public, under a new public sector data Bill to be tabled in Parliament next year.
— Channel NewsAsia 

LTA forms subsidiary for KL-S’pore HSR project
The Land Transport Authority (LTA) yesterday announced the formation of a wholly owned subsidiary, SG HSR, to implement the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.
— Today Online 

Nearly 1 in 3 grads quit first job in less than a year: Survey
About one in two young Singaporeans, or 47 per cent, take between one and three months to land their first job after finishing their studies. Nearly one-third, or 31 per cent, quit in less than a year.
— Today Online 

Financial ties with Beijing will continue to be strengthened: Heng Swee Keat
Singapore and China will continue to strengthen financial ties in investments, regulatory cooperation, cross-border capital market activities and emerging technologies, said Finance Minister Heng Swee Keat yesterday.
— Today Online 

Haze in 2015 disrupted S’pore’s wildlife: Study
Just as human lives were affected by the record levels of transboundary haze in 2015, birds and other animals here faced upheaval, a new study has found.
— Today Online 

Singaporeans more liberal, feel less fear: DPM Tharman
Singapore has become a more liberal place compared to what it used to be, said Deputy Prime Minister Tharman Shanmugaratnam on Wednesday at a dialogue with students.
— The New Paper 

Halimah visits charity with drop-in disability programme she suggested
The germ of an idea came from President Halimah Yacob several years ago, when she was a Minister of State.
— The New Paper 

Buyers urge firms to use sustainable palm oil
Prior to launching the #IBuyICan pressure campaign yesterday at 8am, WWF had approached 27 Singapore and 20 Malaysia companies for a survey.
— The New Paper  

SP Group ties up with two overseas startups
SINGAPORE electricity grid operator SP Group is tying up with two global startups to test grid monitoring solutions and a consumer-friendly solar toolkit, and plans to launch pilot projects for these in six months.
— The Business Times 

BlackRock sells Singapore office tower to CapitaLand Commercial Trust for $1.5b
CapitaLand Commercial Trust, Singapore’s biggest office landlord, agreed to buy BlackRock Inc.’s Asia Square Tower 2 for S$2.1 billion ($1.5 billion) in the city’s second-largest ever sale of an office building.
— DealStreetAsia 


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.



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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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