Singapore Morning News For September 26

Singapore is world’s fifth most-visited city
SINGAPORE overtook New York to become the fifth most-visited city in the world last year, and was ranked fourth worldwide for visitor spending in the 2017 Mastercard Global Destination Cities Index.
— The Business Times

August output powers ahead; 19% jump expected to boost Q3 GDP
SINGAPORE’S factory output extended its winning streak of double-digit expansion for the third consecutive month, boosting the upside for third-quarter economic growth.
— The Business Times

Smoking ban extended to universities, private-hire cars
The National Environment Agency (NEA) announced yesterday that smoking will be banned in the outdoor areas of universities and within the compounds of private education institutions (PEI).
— The New Paper

Man fined $2,600 for releasing stingrays
He uploaded onto Facebook a video of himself releasing three venomous stingrays into Lower Seletar Reservoir.
— The New Paper

ELECTRONICS TO REMAIN SOLID: Singapore factory output rises more than expected
Singapore’s industrial production remained on a roll in August, rising more than expected due to growth in electronics and biomedical output, data showed on Tuesday.
— The Business Times

Bitcoin Businesses Face Bank Account Closures in Singapore
Banks in Singapore are reportedly moving to close accounts tied to a number of cryptocurrency firms.
— CoinDesk

Control cholesterol the TCM way
High cholesterol can be deadly when the waxy, fat-like substance builds up in the arteries, and partially or totally blocks blood flow to the organs. When this happens, a heart attack or stroke can occur. In Singapore, about 17.4 per cent of adults have high cholesterol, according to the 2010 National Health Survey.
— Today Online

More young Singaporeans signing up for dialect classes
In the hallways of one of the science blocks, enthusiastic students like Ms Sarah Xing can be heard loudly chanting words like “Yuht, ngee, sahm” – one, two, three in Cantonese – and bursting into laughter when someone gets the tones wrong. Which is frequently.
— Channel NewsAsia

Enterprise Singapore to replace IE Singapore and Spring Singapore
A brand new entity called Enterprise Singapore is to be formed with the merger of the two key government agencies, IE Singapore and Spring Singapore, under the Ministry of Trade and Industry.
— The Business Times

Two other S’poreans in Syria with their families: MHA
Apart from Megat Shahdan Abdul Samad, two other Singaporeans are believed to still be in Syria with their familes, the Ministry of Home Affairs said yesterday.
— Today Online

More convenience for all SingPass users by year-end
By the end of the year, all 3.3 million SingPass users will be enrolled under MyInfo, which means that they will no longer need to fill up their particulars when transacting with government agencies and the four local banks.
— Today Online

Local banks shutting our accounts, say cryptocurrency firms
CRYPTOCURRENCY firms in Singapore are crying foul against what they see as an indiscriminate closing of their bank accounts by local banks, which has rendered many of these “blockchain disruptors” unable to continue their operations here.
— The Business Times

Alternative assets account for bulk of inflows to Singapore funds: MAS
SINGAPORE’s fund management industry posted a respectable 7 per cent growth in assets to S$2.7 trillion in 2016, thanks in large part to improved valuations.
— The Business Times

Prepare workplace for terror attack, Singapore companies urged
SAFETY and health at the workplace will soon take on a larger meaning. So will the regular fire drill.
— The Business Times

Drive to boost infrastructure talent with mid-career PMETs
INTERNATIONAL Enterprise (IE) Singapore is launching a new programme to match and train mid-career professionals for the infrastructure sector.
— The Business Times

Help on hand for those who need ‘special assistance’ for thumbprint scanning: ICA
Passengers who have difficulty getting out of their cars to have their thumbprints scanned at Singapore’s land checkpoints will be offered help, the Immigration and Checkpoints Authority (ICA) said.
— Channel NewsAsia

Government doing more to prepare businesses for terror threat: DPM Teo
Amid a heightened security landscape, the Government is doing more to prepare businesses in the event of a terror threat, Deputy Prime Minister Teo Chee Hean said at the National Security Conference organised by the Singapore Business Federation on Tuesday (Sep 26).
— Channel NewsAsia

Digital currency players explain how ICOs are ‘most efficient way to raise capital’
Despite reports of frauds and scams plaguing the sector, key players in the digital currency space believe that the initial coin offering (ICO) phenomenon is here to stay and asserted that it is possibly even the best way to raise funds at this time.
— DealStreetAsia

Blockchain booster: Singapore eyes commodity fintech firms
Singapore is aiming to position itself as a hub for blockchain development in commodity trading, with start-ups looking to boost access to trade finance and eliminate the opportunity for fraud.
— DealStreetAsia

Male Singaporean workers think they’ll get promoted in 10 years
There are 10% more men than women that think so.
An equal percentage of women and men expect to reach a director level role in three years at 34% each.
— Singapore Business Review

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 27 added by Leakhena Khat on September 27, 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.