Singapore morning news for August 20

Singapore morning news for August 20

Singapore morning newsNew VERS scheme could bring about acrimony among residents, warns Alex Yam
The chairman of the Government Parliamentary Committee for National Development Alex Yam on Sunday (Aug 19) raised concerns about a new housing scheme which will allow more HDB households to benefit from redevelopment before the 99-year leases on their flats expire.
— Channel NewsAsia

More HDB flats to enjoy Home Improvement Programme: PM Lee
A total of 550,000 Housing Board flats will benefit under a newly expanded Home Improvement Programme (HIP), the HDB said yesterday.
— The New Paper

PM Lee says healthcare subsidies will be for all with chronic ailments
All Singaporeans with chronic ailments will be able to tap on the Community Health Assist Scheme (Chas) regardless of their income, said Prime Minister Lee Hsien Loong yesterday.
— The New Paper

Chart of the day: Electronics leads Q2 fixed asset investments in manufacturing
This chart from the Ministry of Trade and Industry (MTI) shows that the electronics cluster within the manufacturing sector led the largest amount of fixed asset investment (FAI) commitments at $1.7b.
— Singapore Business Review

Wanted: Singapore talent for Italian jewellery design and production atelier
Italian jeweller Danilo Giannoni, and co-founder of Arte Oro, tells CNA Lifestyle how he wants to promote the ‘Made In Singapore’ brand.
— Channnel NewsAsia

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Startups boost HR tech momentum in Singapore
Although future-proofing the workforce remains a key component of Singapore’s national digital blueprint, the broad-based digitalisation drive has not spared recruiters responsible for the unenviable task of managing the city state’s limited human resources that remain crucial to achieving the city’s vision.
— Singapore Business Review

Face transplant operations in Singapore a possibility
SGH-NUH team looking to provide such procedures, but there are major challenges such as costs and social taboos.
— The Straits Times

Singapore to nominate hawker culture for Unesco listing
If the bid is successful, Singapore’s hawker culture will join the likes of Malaysia’s Mak Yong theatre from Kelantan, Indonesia’s batik and India’s yoga on the world stage.
— The New Paper

NDP Rally 2018: Housing and Healthcare for the Future
Prime Minister Lee Hsien Loong revealed ambitious long-term plans aimed at improving public housing and healthcare in his National Day Rally speech yesterday.
— The New Paper

ST Engineering Marine launches LMV Dauntless for Singapore Navy
ST Engineering’s Marine sector rolled out the seventh Littoral Mission Vessel (LMV) named Dauntless which was built for the Republic of Singapore Navy (RSN), an announcement revealed.
— Singapore Business Review

Banks dole out goodies and run campaigns to get customers to hop on cashless payments
From cash-back to sale promotions, banks are using a variety of ways to encourage their customers to go cashless as part of Singapore’s smart nation drive.
— The Straits Times

Singapore must be a place for the human spirit to flourish: PM Lee
Inspired by his parents’ creativity, Singaporean artist Mark Ong has loved drawing since he was a child. He now creates custom shoe designs for brands such as Nike and sports legends like Kobe Bryant, as well as jerseys for football club Arsenal.
— TodayOnline

$778m Sengkang Central site could lure first-time homebuyers and upgraders
The $778m Sengkang Central site awarded to the joint venture of CapitaLand and City Development could target the mass market especially first-time homebuyers and upgraders as it is a prime development in the suburban areas, DBS Equity Research said.
— Singapore Business Review

Initiative to offer exposure for SMEs’ food products
Small and medium-sized food companies here will be able to get their new products out in supermarkets faster, under an initiative launched yesterday.
— The Straits Times

Devil’s in the details, but flat owners should not expect windfall from new HDB scheme: Analysts
The housing initiatives announced at the National Day Rally — particularly the new Voluntary Early Redevelopment Scheme (Vers) — will go some way to reassure homeowners whose leases are running down, said some analysts interviewed by TODAY.
— TodayOnline

A ‘Singaporeans help Singaporeans’ scheme
Worried about not having sufficient financial resources to take care of themselves if they meet with an accident or suffer an illness, a group of friends decided to come together at age 40 to form a self-help group.
— The Straits Times

Ride-hailing firm Urge to offer multiple services, even food delivery
Singapore-based Urge aims to differentiate itself from the companies that have entered the market following Uber’s exit by offering not only private-hire cars, but also food delivery, logistics and courier services.
— The New Paper

Singapore-Based Crypto Exchange Cryptology Lists TomoChain (TOMO) and PolicyPal Network (PAL)
Singapore-based Cryptology Exchange has launched TomoChain (TOMO) and PolicyPal Network (PAL).
— AEC News Today/ PR Newswire (media release)

Singapore’s Golden Equator to run new cycle of DARe’s Startup Bootcamp
Singapore-based Golden Equator Consulting (GECo) will be partnering with Brunei’s national body for local businesses Darussalam Enterprise (DARe) to run the latest cycle of its Startup Bootcamp.
— Biz Brunei

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More businesses joining PayNow Corporate
Just three days after launching PayNow Corporate – a new method of transaction to aid cashless payments between businesses – figures from the Association of Banks in Singapore (ABS) show 31,089 firms signed up by last Wednesday for the service using their Unique Entity Number (UEN).
— The New Paper

Singtel recognized with 2018 Asia-Pacific Telecom Group of the Year and Asia-Pacific Managed Cloud Services Competitive Strategy
Frost & Sullivan has presented Singtel with the 2018 Asia-Pacific Managed Cloud Services Competitive Strategy, Innovation & Leadership award and the Asia-Pacific Telecom Group of the Year award at its annual ICT Awards held on 15 August in Singapore at the Shangri-La Hotel.
— AEC News Today/ PR Newswire (media release)

Messi sees things others don’t: Valverde
Messi sent an audacious second-half free-kick under the jumping wall and into the net for the opener, and Barca’s 6,000th La Liga goal, at the Nou Camp yesterday morning (Singapore time) before slotting in his second in injury-time after Philippe Coutinho had also scored in the 3-0 win.
— The News Paper

How Uber, valued at billions, was sent packing by a start-up in Singapore
Looking to expand in Southeast Asia, the ride-hailing giant didn’t expect such a robust resistance from Grab. Inside the Storm looks at what decided this David and Goliath battle.
— Channel NewsAsia (annoying pops)

New heritage mural unveiled in Yishun
Many may know the Goodlink Park area in Yishun for modern-day makan such as Chong Pang Nasi Lemak and Gin Thye Cake Shop, but the area’s food heritage actually goes back several decades.
— The New Paper

CDL paid $2.85m for 300,000 shares in inaugural buyback exercise
The firm noted that the transaction was in accordance with CDL’s share purchase mandate renewed during their 55th annual general meeting on 25 April. According to the mandate, CDL has to buy back 300,000 shares at an average price of $9.485 which is a discount of 14.8% to the net asset value of $11.13 as of 30 June.
— Singapore Business Review

Singapore-Sichuan high-tech park taking shape
A major business park in south-western Chengdu, jointly developed by Singapore companies and their counterparts in the Chinese province of Sichuan, is set to welcome its first batch of small and medium-sized firms by early next year.
— The Straits Times

Singapore eyes a spot for its hawker culture on Unesco intangible cultural heritage list
Prime Minister Lee Hsien Loong announced on Sunday (Aug 19) that Singapore would be nominating its hawker culture for Unesco’s Representative List of the Intangible Cultural Heritage of Humanity, a first for the country.
— TodayOnline

National Day Rally 2018: Singapore, Malaysia can pursue win-win cooperation if ties are kept stable and close, says PM Lee
Singapore and Malaysia can pursue win-win cooperation and focus on their respective domestic priorities if bilateral relations are kept stable and close, said Prime Minister Lee Hsien Loong.
— The Straits Times

S$25 vouchers for one- and two-room HDB households in North East District to buy LED lights
In an effort to encourage the use of more energy-efficient lights, all one- and two-room households in Housing Development Board (HDB) flats in the North East District will get a S$25 voucher to buy LED lights.
— TodayOnline

4G leaders in place to lead S’pore in a few years’ time: ESM Goh
The fourth-generation (4G) ministers are in place to lead the Republic “in a few years’ time”, but they will have to grapple with big challenges ahead, both at home and on the global front, said Emeritus Senior Minister Goh Chok Tong.
— TodayOnline

New Merdeka Generation Package to help S’poreans born in 1950s with healthcare needs
Just as Singaporeans born in 1949 or earlier received the Pioneer Generation Package to help with healthcare and other expenses, baby boomers born in the 1950s will receive similar help from the Government.
— TodayOnline

Mahathir Faces Headwinds as Q2 Growth Falters
Prakash Sakpal, Asia economist at ING in Singapore, said the desired effect of Friday’s steps is to weaken the ringgit and protect against fallout from the trade war between the United States and China, which is Malaysia’s biggest trading partner.
— Financial Tribune


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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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