Singapore Morning News For September 25

Singapore dividends to drop: study
SINGAPORE dividends are in for another tough year to the dismay of the legions of retiree investors; they also take some shine off the bull run in which the Straits Times Index has risen some 12 per cent since January.
— The Business Times

Singapore tech start-up Sea targeting $1.35b in New York IPO
Singapore’s first potential billion- dollar technology start-up company is headed for the Big Apple.
— The Straits Times (paywall)

Singapore-listed firms enjoy Asean boom
Singapore-listed counters with exposure to the Asean region have prospered this year, with more opportunities up for grabs from China’s One Belt, One Road drive.
— The Straits Times (paywall)

Sale of Asia Square Tower year’s biggest Singapore deal
CapitaLand Commercial Trust has scooped this year’s biggest real-estate transaction by sale price in Singapore after it announced a deal for Marina Bay’s prime Asia Square Tower 2.
— The Nation

How not to fall prey to multi-level marketing schemes
From 2012 to 2016, authorities in Singapore received reports relating to 40 multi-level marketing schemes. Channel NewsAsia’s Elizabeth Neo finds out more about how such schemes operate and the warning signs to look out for.
— Channel NewsAsia (video)

Hospitality industry in S’pore gears up for seamless experience
Imagine landing at the airport and getting checked into your hotel room as you clear immigration control. Your luggage will automatically be sent to your room and be waiting for you. Welcome to the Singapore of the future — if the recommendations of the Hotel Innovation Committee are successfully implemented.
— Today Online

S’pore tops cyber attack list
Singapore is now launching the world’s most cyber attacks, according to Israel’s data security company Check Point Software.
— Asean Economist

Phoenix enters Singapore fuel market
LISTED Phoenix Petroleum Philippines, Inc.’s board of directors has approved the establishment of a trading company in Singapore to market and trade its fuel products
— The Manila Times

Singapore: APAC Realty to list on SGX; Cromwell REIT to halt IPO plans
APAC Realty plans to list on the SGX Mainboard while Cromwell Property Group has suspended its plans to list the Cromwell European REIT.
— DealStreetAsia

Do Singapore’s graduates have unrealistic expectations?
Employers looking to bring new graduates onto their team may be underestimating what they’re in for after one new study showed many have unrealistic expectations upon entering the workforce.
— Human Resources Director

Commentary: Building racial harmony in Singapore must start from an early age
Deputy Prime Minister Tharman Shanmugaratnam highlighted on Thursday (Sep 21) that Singaporeans have an aspiration for race to matter less but pointed out that Singapore still needs “continuous work” to maintain multi-culturalism.
— Channel NewsAsia

Fast Asia Open: Japan manufacturing PMI, Singapore CPI
Angela Merkel is heading for her fourth term as German chancellor after winning Sunday’s election despite a sharp fall in support for her conservative Christian Democrat-led alliance.
— Financial Times

Singaporean jihadist appears in ISIS video
The first known ISIS recruitment video featuring a Singaporean fighter has surfaced on social media, and the authorities here say he has been on their radar for some time.
— The New Paper

China, Singapore reaffirm military ties, but is the deal anything more than symbolic?
Chinese Defence Minister General Chang Wanquan and his Singaporean counterpart Ng Eng-hen agreed at a meeting in Beijing on Thursday to continue to work together to deepen defence ties and build mutual trust under the “Four-Point Consensus” reached on November 14, 2014.
— South China Morning Post

Singapore IS fighter challenges Prince Harry
A Singaporean member of the Islamic State (IS) group in Syria has appeared in a video challenging Britain’s Prince Harry to fight the jihadists, a monitoring group and authorities said yesterday.
— The Daily Star

Bogus reporter who duped hawkers jailed 6 months for cheating
Pretending to be a journalist from Chinese-language newspaper Shin Min Daily News, Malaysian Goh Ting Chee cheated two stallholders of $3,400 in total.
— The New Paper

Pradip Subramanian suffered cardiac arrest according to preliminary medical report: AFC organiser
A preliminary report released by the Singapore General Hospital found that World Bodybuilding and Physique (WBPF) Singapore president Pradip Subramanian suffered a cardiac arrest which led to his death, the organiser said on Sunday (Sep 24).
— Channel NewsAsia

Bodybuilder dies after AFC fight in Singapore
The police are investigating the death of bodybuilder Pradip Subramanian, who reportedly died from “a cardiac arrest respiratory failure episode” following his Asia Fighting Championship (AFC) fight with YouTube personality Steven Lim on Saturday.
— The Malay Mail Online

NTU freshman wants to graduate 10,000 migrant workers from his school by next year
Into his freshman year at Nanyang Technological University (NTU), Mr Sazzad Hossain is busy juggling the demands of his engineering course – and running his own school that has so far taught English to some 5,000 migrant Bangladeshi workers.
— Channel NewsAsia

MHA issues first-year report card on SGSecure movement
Within the next 18 months, emergency preparedness days will be rolled out to all constituencies in Singapore, the Ministry of Home Affairs (MHA) said in its progress update on the SGSecure movement on Sunday (Sep 24).
— Channel NewsAsia (video)

More kids seeking help for mental health issues
Depression, relationship issues, bullying, family problems – kids as young as five years old are seeking help for these problems.
— Channel NewsAsia

Demand rising for stations that give electric vehicles the juice to run
INTEREST in electric vehicle (EV) charging stations is growing, especially from condominium residents, but the road to installation may not be smooth.
— The Business Times

Travel agencies and tourists keeping tabs on Bali volcano
Travel agencies here are monitoring the situation in Bali closely after alert levels were raised about the possibility of Mount Agung erupting. However, they have told TODAY that no tours to the Indonesian island have been cancelled so far, nor have packages been tweaked.
— Today Online

Scale up healthy lifestyle activities for Malay community, says MP
With a drop-off in the activity levels of the older generation, and Malay male seniors not that keen to participate in healthy lifestyle activities, more can be done to address this gap, Member of Parliament Mr Zaqy Mohamad said on Sunday (Sept 24).
— Today Online

Toy stores in Singapore thrive despite rise of online shopping
When it comes to buying toys, parents here say the ability to see and touch the product matters. Such a premium placed on quality and safety standards, which consumers say are difficult to ascertain online, has helped local brick-and-mortar toy shops to thrive, in spite of the rise in online shopping.
— Today Online

Startups in tiger cub economies need to look at market expansion in near term
Businesses in less developed countries in Southeast Asia need to consider a near term market expansion of looking abroad than having a longer term imaginary trajectory, according to venture capitalists at DEALSTREETASIA’s PE/VC Summit 2017 held in Singapore on September 21-22, 2017.
— DealStreetAsia

Airlines ‘closely monitoring’ situation in Bali as Mount Agung threatens to erupt
Singapore Airlines (SIA) is “closely monitoring” the situation in Bali after Indonesian authorities raised the alert status of Mount Agung to the highest level, meaning a volcanic eruption could be imminent.
— Channel NewsAsia

Suspected drugs seized from stolen van at Woodlands Checkpoint, 3 arrested
Three Singaporeans were arrested at Woodlands Checkpoint after suspected drugs were found in the stolen van that they were driving, the Immigration and Checkpoints Authority (ICA) said in a news release on Sunday (Sep 24).
— Channel NewsAsia

Singapore: GIC-backed Greystar realty fund acquires US Monogram in $4.4b deal
Singapore’s sovereign wealth fund (SWF) GIC has partnered Greystar Real Estate Partners by way of an investment in the Greystar Growth & Income Fund (GGIF) LP, a perpetual-life fund.
— 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.

Singapore Morning News For September 25 added by Leakhena Khat on September 25, 2017
View all posts by Leakhena Khat →

Bio
Latest Posts

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.