Singapore morning news for August 28

NUS scientists produce probiotic drink from soya waste | Video
Scientists at the National University of Singapore (NUS) have found a way to turn okara – the residue from the production of soya milk and tofu – into a nutritious probiotic drink. Vimita Mohandas reports.
— Channel NewsAsia

Are accelerators still struggling to find their place in Singapore’s startup ecosystem?
Accelerator programmes have steadily become a mainstay in Singapore’s thriving startup ecosystem.
— Singapore Business Review

Asian Games: Contract bridge bags third gold for Singapore
Team Singapore’s contract bridge players have won a third Asian Games gold medal for the Republic, after the men’s team of Poon Hua, Loo Choon Chou, Zhang Yukun, and Fong Kien Hoong defeated Hong Kong 107-52 (International Master Points) in the final in Jakarta.
— TodayOnline

KSH Holdings bags $266.3m contract for Riverfront Residences
KSH Holdings won the $263.3m contract to construct nine 17-storey apartment blocks at Riverfront Residences, an announcement revealed.
— Singapore Business Review

Giving Singapore businesses a boost in Africa | Video
Enterprise Singapore estimates there are more than 60 Singaporean companies operating in Africa.
— Channel NewsAsia

Guangdong offers opportunities for Singapore firms to develop the Greater Bay Area
Chinese province Guangdong introduced opportunities for Singapore firms through the Singapore-Guangdong Collaboration Council (SGCC) meeting held in Singapore which saw the signing of 14 company agreements, an announcement revealed.
— Singapore Business Review

MOVES-Chinese refiner Hengli hires crude trader in Singapore
Chinese private refiner Hengli Group and its partner state-owned Sinochem Corp have hired a crude oil trader at their Singapore office ahead of Hengli’s refinery start-up in the fourth quarter, several trade sources said on Monday.
— Reuters

The PAP government just doesn’t have anything else apart from the past and inventing distractions
I couldn’t agree more with the observation that the PAP government’s current modus operandi is to stir up the emotions of Singaporeans by reminding them of how bad life was 50 years ago and brandishing the image and words of the late former Prime Minster Lee Kuan Yew (LKY).
— TOC

6-month trial of on-demand public buses to start in December: LTA
A six-month trial of on-demand public bus services will begin in December, the Land Transport Authority (LTA) said on Monday (Aug 27).
— The Straits Times

Funfair owner fined RM15k for hiring illegals
The Star had previously reported that the two land checkpoints between Malaysia and Singapore need a major overhaul, including having gantries, speed breakers and more CCTVs.
— The Star Online

Second phase of the on-demand public buses (ODPB) trial awarded to Ministry of Movement Pte Ltd and Via Transportation Inc
Land Transport Authority (LTA) has awarded the second phase of the on-demand public buses (ODPB) trial to Ministry of Movement Pte Ltd (SWAT) and Via Transportation, Inc.
— TOC

Nikko AM offers new Corporate Bond ETF
The Singapore Exchange welcomed the listing of Nikko Asset Management (Nikko AM) SGD Investment Grade Corporate Bond ETF which will let investors grab an easy access to Singapore-Dollar-denominated, investment grade corporate bonds in affordable units, an announcement revealed.
— Singapore Business Review

Crazy Rich Asians is shaping up to be one of 2018’s biggest success stories
Over the weekend, the hit rom-com brought in an estimated $25 million at the domestic box office, taking the top spot and dropping less than 6 percent from its opening weekend.
— Vox

NTU to ban free plastic bags from Oct 1
Plastic bags will not be given out for free on Nanyang Technological University’s (NTU) premises from Oct 1, a move that could save nearly 10 million plastic bags a year.
— The Straits Times

Fragmented container trucking business ripe for change, but painful roadblocks await
Container truck driver, Mr Yusof Ahmad, heard a “popping” sound as he was climbing down from the cabin of his prime mover.
Read more at https://www.channelnewsasia.com/news/technology/container-trucking-business-change-painful-roadblocks-10647702
— Channel NewsAsia

Women tech ministers lead GovInsider’s September Summit
GovInsider’s summit, hosted on 25 September, brings together keynote speakers from almost every continent to share with government officials on their vision for innovation.
— GovInsider

Asian markets boosted by Fed reassurance
In Singapore, euphoria from global markets sent the Straits Times Index (STI) up by 0.39 per cent, ending the day 12.62 points higher at 3,225.62.
— The Straits Times

Photo of construction workers demanding to be paid their salaries goes viral
A video and photo has been circulating on social media and WhatsApp of construction workers holding what looks like a strike. The photo shows found constructions workers in a construction site standing in front of a signboard that says ‘Lian Beng Construction Ptd’ holding up signs asking for their salaries to be paid.
— TOC

High Court maintains acquittal and discharge for duo over ‘financial sabotage’ charge
They were accused of committing the offence between June 28 and Aug 26, 2015, at five locations namely the Paris police station, Charing Cross police station in London, the Swiss attorney general’s office in Bern, the Wai Chan police station in Hong Kong and the Cantonment police headquarters in Singapore.
— The Star Online

From Farm to Fork: Innovations in Food and Agritech
In his welcome remarks, Mr Lee Suan Hiang, President of The EDB Society commented that Singapore is in a strong position to do well in the food sector, having created strong brands such as Old Chang Kee and unique products such as chilli crab.
— Singapore Management University

MCA: Flip-flop decisions by Dr M affecting nation’s image
He said Pakatan could not reach a consensus on ECRL and the Kuala Lumpur-Singapore High Speed Rail.
— The Star Online

Yahoo Poll: Iconic Singapore buildings – heritage or eyesore?
News of the possibility of the Golden Mile Complex being sold en-bloc has once again sparked debate over the sanctity of iconic old buildings in Singapore.
— YahooNews

FLIR Systems Completes Strategic Investment in CVEDIA
FLIR Systems, Inc. (NASDAQ: FLIR) and CVEDIA PTE. Ltd., Inc. announced today that FLIR has made a strategic investment in CVEDIA, developers of machine learning applications that are used to efficiently enable sensor systems with artificial intelligence.
— Daily American Online

Mahathir Bans Foreigners From $100 Billion Property Project
The Forest City project near Singapore had targeted buyers from China for its mixed-residential development, as well as investors from Indonesia, Thailand and Dubai.
— Bloomberg

On-demand public buses to ply some Singapore roads from December in 6-month trial | Video
Selected on-demand buses will begin plying Singapore’s roads during off-peak hours as part of a six-month operational trial beginning in December, said the Land Transport Authority (LTA) on Monday (Aug 27). Gwyneth Teo reports.
— Channel NewsAsia

Feature photo Suanpa

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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.

Singapore morning news for August 28 added by Maria Mirasol Rasonable on August 28, 2018
View all posts by Maria Mirasol Rasonable →

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Maria Mirasol Rasonable

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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.