Singapore morning news for August 16

Singapore morning news for August 16

Singapore morning newsSingapore July private home sales soar 55 pct y/y
Private homes sales by developers in Singapore surged 55 percent in July from a year earlier, government data showed on Wednesday.
— Reuters

Singapore remains at risk from high-profile hackers
In spite of global recognition hailing its cybersecurity frameworks as one of the world’s most advanced, Singapore still fell victim to an unprecedented cyberattack last June, calling attention to the associated risks involved with the government’s dedicated Smart Nation drive.
— Singapore Business Review

Alibaba offers cloud computing for Southeast Asia’s retailers to embrace digitisation and big data
A suite of computing solutions ranging from cloud architecture and machine learning to the Internet of Things (IOT) and security will be on offer, according to an announcement by Alibaba Cloud in Singapore.
— South China Morning Post

Right to impose cooling measures on the property sector no matter what billionaire developers may say
When Singapore announced tweaks to increase the amount of stamp duty that property buyers have to pay, this news was met with a strong storm of criticism by developers.

More food manufacturers tap govt grant to create low-sugar options
Desserts, drinks and sauces with less sugar will be making their way into eateries as part of the Government’s efforts to fight diabetes.
— The New Paper

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Malaysia’s curry laksa, Singapore’s chilli crab among Lonely Planet’s best food experiences
If you recently ate curry laksa in the Malaysian capital of Kuala Lumpur you would have experienced one of the world’s “most incredible meals”, second only to pitxos in San Sebastian, Spain.
— Channel NewsAsia

Why a top Singapore executive fired himself
Mr Koh Boon Hwee overcame big crises during his four-decade career as a company executive. He led a national airline through the SARS epidemic in 2003, and steered South-east Asia’s largest bank in the aftermath of the Lehman Brothers collapse.
— TodayOnline

Surge in private home sales in July an ‘aberration’: Analysts
The rush to beat new cooling measures led to a sharp jump in private home sales last month, resulting in the most number of units sold in 16 months.
— The New Paper

Keeping older workers employed among ways to improve elderly suicide situation: Experts
While it may be statistically likely that there will be an increase in the number of suicides among the elderly here given the rising number of old folk among Singapore’s ageing population, more could be done to reach out to those who are vulnerable, said counsellors who are familiar with issues faced by this segment of the population.
— Channel News Asia

Chart of the Day: NORX sees sustained recovery with 5.7% Q2 growth
Enterprise Singapore also noted that NORX to all top markets rose in Q2 2018, except China and Taiwan.
— Singapore Business Review

Ryde to launch on-demand courier service on Sept 3
Local carpooling and ride-hailing company Ryde said yesterday it will launch an on-demand delivery service, and wants to tap its pool of 60,000 drivers to courier small packages and items for Ryde app users.
— The New Paper

Asia-Pacific’s Leading ICT Companies Honored at Frost & Sullivan’s 2018 ICT Awards
Asia-Pacific’s top ICT firms were celebrated at Frost & Sullivan’s annual ICT Awards held at the Shangri-La hotel in Singapore earlier this evening.
— AEC News Today/ PR Newswire (media release)

Funding Societies hits US$145mil in SME crowdfunding
Funding Societies provides business financing to underserved SMEs for their working capital and expansion needs across Singapore, Indonesia and Malaysia.
— Digital News Asia

Sales of new private homes surge in July on panic-buying, analysts say strong showing an anomaly
More than 1,720 new private homes were sold in July, a 55-per-cent jump compared with the same period last year and almost thrice the number sold in June.
— TodayOnline

Singapore banks to face greater pressures: Fitch Solutions
Singapore’s banking sector will face greater headwinds over the coming quarters from the double whammy of the latest property cooling measures and rising trade tensions between the US and China, a research house said yesterday.
— The Straits Times

SMRT worker hailed for depositing lost cheque
An SMRT employee has been praised after depositing a misplaced cheque found at Changi Airport’s MRT station.
— The New Paper

Boxing: Singaporean Muhamad Ridhwan to fight for IBO world title, sets sights on the big leagues
It is the toughest test yet for the local boxer, who faces top Namibian fighter and former world champion Paulus Ambunda.
— Channel News Asia

Luxury jet linked to Malaysian graft scandal in Singapore
A jet allegedly bought with money stolen from a Malaysian state fund is in Singapore, police said Wednesday, as Kuala Lumpur seeks to claw back assets linked to the graft scandal.
— The Nation

HFMD clusters reported in eight pre-schools
Six childcare centres and two kindergartens in Singapore have been identified as hand, foot and mouth disease (HFMD) clusters.
— The New Paper

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Games-Singapore pin hopes on Schooling as David seeks…
Singapore will be looking to make a splash in the pool at the Asian Games in neighbouring Indonesia this month as Olympic gold medallist Joseph Schooling leads a strong swim team aiming to surpass the six medals they claimed at Incheon four years ago.
— Brinkwire

Retailers caught, 18 illegal PMDs and 2 PABs seized in LTA operation
When officers from the Singapore Police Force, Traffic Police and the enforcement unit of the Land Transport Authority (LTA) entered his shop, Mr Victor Lee felt a little intimidated, even though he had nothing to worry about.
— The New Paper

With US$5.2M in funding, Singapore’s Alpha7 sets to accelerate international expansion
Singapore-based cloud company Alpha7 today announced that it has raised a total of US$5.2 million in private funding to date, following a US$2.7 million seed funding round the company has raised previously.
— E27

Bus business could uplift ComfortDelGro amidst rail operation losses
Its Bukit Merah bus contract will start by Q4.
— Singapore Busines Review

Singapore gearing APAC up for the Fourth Industrial Revolution
Beginning October 2018, Singapore will host the Asian version of the world-renowned trade show for industrial technology.
— OpenGovAsia

Singapore pin hopes on Schooling to beat six golds
Singapore will be looking to make a splash in the pool at the Asian Games in Indonesia this month as Olympic gold medallist Joseph Schooling leads a strong swim team aiming to surpass the six medals they claimed at Incheon four years ago.
— The Star Online

Major initiative to help all hawkers to go cashless
One, or at most two, firms will be appointed in the biggest step yet to bring cashless payments to all 12,000 stalls at hawker centres, canteens and coffee shops here.
— The Straits Times

The founder of a unique Singaporean ‘nature-inspired’ campus, Tay Lai Hock, dies at 54
The founder of the non-profit group Ground-Up Initiative (GUI), Tay Lai Hock, died Tuesday (August 14) morning.
— Business Insider

Singapore thumbs nose at Malaysia with Newater
AN elderly man is sitting on a bench with a boy in what appears to be a park in the heart of Singapore city.
— The Malaysian Insight


Feature photo Bernard Spragg. NZ


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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Maria Mirasol Rasonable graduated with a Bachelors Degree in journalism from Polytechnic University of the Philippines, Santa Mesa, Manila, Philippines.

She previously covered police rounds for Philippine Daily Inquirer as a trainee before becoming editorial staff at Gospel Komiks under the Communication Foundation for Asia (CFA-MG), Santa Mesa, Manila where she wrote lifestyle and trending fashion and styles articles.

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