Singapore morning news for August 24

Singapore morning news for August 24

Singapore morning newsSingapore has the world’s fastest 4G Network
Singapore has the fastest 4G network followed by South Korea and Australia in the Asia-pacific.
— The Nation

NTU Singapore turns to Alibaba on Artificial Intelligence
Suresh rose to become the first Asian-born academic to lead the National Science Foundation, an American agency with an US$8bn research budget, and joined Singapore’s Nanyang Technological University in January as its new President. GovInsider caught up with him to learn more about his vision for the university.
— GovAsia

Asian Games: Women foil fencers win first-ever team medal for Singapore
Team Singapore’s women’s foil fencers had not been able to win a medal at the last three editions of the Asiad, finishing fifth in 2006, 2010, and again in Incheon, South Korea, in 2014.
— TodayOnline

July inflation steady at 0.6%
Singapore posed a steady inflation as the consumer price index rose 0.6% YoY which is unchanged from June and in line with expectations, a report by the Department of Statistics (SingStat) revealed.
— Singapore Business Review

Largest lion bone carrier, Singapore Airlines, stops cargo from South Africa
Following a recent internal review, which took into account “increasing concerns around the world” regarding the lion bone industry, Singapore Airlines said it would discontinue the carriage of lion bones as cargo.
— The South African

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Singapore’s Schooling retains 50m butterfly crown
Reigning champion Joseph Isaac Schooling of Singapore stormed his second gold medal at the Asian Games here on Thursday by adding the 50m butterfly title on his belt.
— Xinhuanet

Singapore steps up checks at border after radioactive device goes missing in Malaysia: ICA
Authorities have stepped up checks at Singapore’s checkpoints after an industrial device containing radioactive material went missing in Malaysia recently.
— Channel NewsAsia

Dealing with the aftermath of the SingHealth cyber attack
The Cyber Security Agency of Singapore has made 11 recommendations to tighten network security for Government services.
— OpenGov

Singapore, Malaysia look forward to bringing RTS link project to fruition: MOT
Transport Minister Khaw Boon Wan and his Malaysian counterpart Anthony Loke met in Kuala Lumpur on Thursday (Aug 23) where they discussed “a broad range of transport issues”, said Singapore’s Ministry of Transport (MOT).
— Channel NewsAsia

Anti-molest volunteers to patrol MRT stations
The increase in outrage of modesty (OM) cases on public transport has prompted the police to launch a pilot plan for volunteers to patrol train stations to deter molesters.
— The New Paper

13 infants at KKH, NUH were given bacteria-tainted Dumex milk formula; most reported to be well
Thirteen infants may have been fed the bacteria-tainted Dumex milk formula at the KK Women’s and Children’s Hospital (KKH) and the National University Hospital (NUH), said the hospitals in response to media queries.
— TodayOnline

Singapore launches new healthcare programmes as population ages
Singaporeans will enjoy greater healthcare subsidies, more polyclinics and a dedicated healthcare package for people in their 60s, Prime Minister Lee Hsien Loong announced during the country’s National Day Rally this past weekend.
— OpenGov

Actifio and ACA Pacific Announce Alliance, Expanding Data-as-a-Service Platform Into New Markets
This partnership will introduce ACA Pacific customers in several high-growth markets to Actifio’s platform and its unique suite of cloud-focused data migration and management solutions built to support and accelerate the ever-changing business dynamics of digital commerce.
— AEC NewsToday PNR Newswire

Nikkei Asian Review names China as the suspect behind cyber-attack on SingHealth
The prestigious Nikkei Asian Review has named China as the suspect behind last month’s cyber-hacking of Singapore’s SingHealth computer systems (‘Suspected China cyberhack on Singapore is a wake-up call for Asia’, 21 Aug).

Alibaba Group partners Singapore Airlines for logistics
Chinese online retail giant AliBaba Group has signed a comprehensive strategic collaboration agreement wherein several of its subsidiaries – Fliggy, Alibaba Cloud, Alipay, and Cainiao Network – will partner Singapore Airlines (SQ, Singapore Changi) across areas that include flight ticket sales, loyalty programmes, marketing initiatives, cloud services, payments and logistics.
— CH-Aviation

Helping disabled and disadvantaged cooks find the opportunity to showcase their skills
They stand side by side in the restaurant’s kitchen, hands moving nimbly as they piped batter into baking moulds. The pair is hard at work preparing the restaurant’s signature madeleines, communicating occasionally using sign language, or by writing in Chinese on a paper pad.
— Channel NewsAsia

ESM Goh urges Chinese, S’pore firms to cooperate in tech drive
This cooperation will also lead to dividends on the bilateral account, as greater information and communications technology (ICT) connectivity will help boost physical and digital trade between Singapore and China, said Mr Goh.
— The New Paper

Grab invests in new electric vehicle fleet, enabled by SP Group’s fast-charging DC network
Grab and SP Group (SP) today announced a strategic partnership in which Grab will bring in 200 new fast-charging electric vehicles (EVs) and use SP’s pervasive fast-charging network, which will deliver greater cost savings for driver-partners.

COE prices close lower for all categories (Aug 23)
COE prices fell across all categories at the end of the latest bidding exercise on Thursday (Aug 23).
— TodayOnline

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Ministers meet in KL to ‘continue’ discussion on HSR
Transport Minister Khaw Boon Wan yesterday met Malaysia’s Economic Affairs Minister Mohamed Azmin Ali in Putrajaya to discuss the Kuala Lumpur-Singapore High Speed Rail (HSR) project.
— The New Paper

Nissan’s latest features to prevent hot car deaths: What does it mean for Singaporeans?
Nissan is the latest car manufacturer to install rear seat safety features to help prevent hot car deaths of forgotten pets and toddlers. Read on to find out what you should expect from this technology and whether it will hit the Singaporean car market.

Fifth and final Sammyboy Forum member convicted of voyeuristic filming
A digital marketing specialist installed a hidden camera shaped like a metal hook in the unisex toilet of a Holland Village cafe and recorded videos of unsuspecting women.
— The New Paper

Carousell e-commerce scams jump 136% in first half of 2018: Police | Video
The number of e-commerce scams on online marketplace app Carousell jumped a whopping 136 per cent in the first half of this year, the Singapore police said on Thursday (Aug 23). Ariel Lim reports.
— Channel NewsAsia

Shell conducts trials for new 0.5% sulfur marine fuel oil
Shell says it has successfully completed initial trials for the blend, and tests are now available in Rotterdam, Singapore and New Orleans to ship owners and charterers currently purchasing fuel with Shell and seeking to use VLSFO to meet the new specification change.
— S&P Global

CapitaLand breaks yearly asset sales target at $3.1b
Year to date, CapitaLand has sold about $3.1b worth of assets, exceeding its target of $3b per annum, and made investments worth around $2.6b, including the latest acquisitions, RHB Research said.
— Singapore Business Review

Singapore, Malaysia shares climb amid US-China trade spat
Shares in Singapore rose for the first time in 10 days on Thursday, supported by an advance for Singapore Telecommunications, while Malaysian equities extended gains even as fresh Sino-American trade tariffs took effect.
— Nikkei Asian Review (paywall)

OCBC launches robo-investment service
OCBC launched its robo-investment service called OCBC RoboInvest which targets young and tech-savvy investors.
— Singapore Business Review

CreditAccess Grameen, Jet Airways, P&G and Prataap Snacks among top stocks to track today
CreditAccess Grameen, Jet Airways, P&G and Prataap Snacks among top stocks to track today
The domestic stock market is likely to see a positive start on Thursday, tracking Asian markets and Nifty futures of Singapore Stock Exchange (SGX).
— The Economic Times

Singapore manufacturers can test latest technologies at new model factory
Senior Minister of State for Trade and Industry Koh Poh Koon said at the facility’s opening that Singapore is well-placed to ride on this growth to meet the growing demand for high-quality products and services, especially in Asia.
— The Business Times

AB International Group Corp. Appoints TraDigital IR as Investor Relations Agency
TraDigital IR will help AB International Group Corp., as we expand our business across The United States, The People’s Republic of China, Hong Kong, Australia, Malaysia, Singapore, Germany and beyond.”
— MarketsInsider

4 Singaporeans wanted over B200m trading scam
Arrest warrants have been issued for four Singaporeans believed to be behind an alleged transnational investment fraud that saw victims in Thailand swindled out of 200 million baht in a foreign stock trading scam, the Department of Special Investigation (DSI) said on Wednesday.
— Bangkok Post

Singapore asked to hand over ponzi masterminds
THAILAND is seeking the extradition of four Singapore citizens believed to be involved in the Eagle Gates Group’s ponzi scheme, which has resulted in a combined loss of Bt235 million for about 250 Thai and foreign investors.
— The Nation

Sunny days ahead for Singapore’s data science talent
But given the scarce volume of digital talent locally and abroad, the National University of Singapore (NUS) is working hard to change that and make Smart Nation a reality for all.
— OpenGov

Singapore asked to hand over ponzi masterminds wanted in Thailand
Thailand is seeking the extradition of four Singapore citizens believed to be involved in the Eagle Gates Group’s ponzi scheme, which has resulted in a combined loss of Bt235 million (S$9.8 million) for about 250 Thai and foreign investors.
— AsiaOne

Will big banks’ fully digitised home loan solutions threaten incumbent proptech players?
The landscape could be rewarding to banks, shown by OCBC’s two new solutions that boosted home loans by $200m.
— Singapore Business Review

Born in the 1950s: ‘Merdeka’ generation lived with uncertainties, worked in Singapore’s early industries
They were growing up at a time when Singapore underwent a tumultuous period that led up to its independence in 1965 and the early nation-building years after that.
— TodayOnline

Lian Beng subsidiary wins $278.5m development contract in Silat Avenue
Lian Beng Group’s 60%-owned subsidiary United Tec Construction bagged a contract worth $278.5m from United Venture Development (Silat) for the proposed residential flat development comprising two blocks of 56-storey apartments with a total of 955 units.
— Singapore Business Review



Feature photo xiquinhosilva


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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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