Singapore morning news for August 6

UOL Q2 profits up 21% to $132.67m
UOL popped the champagne in the second quarter of 2018 as its profits jumped 21% to $132.67m from $109.21m last year. Revenue grew by 59% to $635.45m from $399.09m last year.
— Singapore Business Review

Singapore’s Startup Culture Set to Grow through Partnership with South Korea
Singaporean SMEs and startups can expect more opportunities to venture into the Korean market.
— OpenGov

Climbing office rents could turn off tenants: CBRE
Amidst a recovering office market, high rents in Singapore which have recorded rapid growth in 2018 may deter some tenants, CBRE said.
— Singapore Business Review

Singapore company targets soldiers for top HR roles
Singapore’s transport operator SMRT is hiring more former military personnel to lead its human resources department.
— HRD

To avoid being caught in superpower rivalry, Asean will stay true to its principles: Dr Balakrishnan
To avoid being caught in superpower rivalry, Asean will stay true to its principles: Dr Balakrishnan
— TodayOnline

Daily Briefing: Parliament to look into SingHealth cyberattack; Temasek extends US$200m credit facility to US clothing retailer
The Parliament will be hearing the statement by the minister for health and minister for communication and Information on the cyberattack against SingHealth on 6 August along with the hearing for the recent National Service (NS) training-related death.
— Singapore Business Review

Chart of the Day: See the declining trend in Singapore employees’ working hours
This chart from DBS shows the drop in the weekly working hours in Singapore, as well as other Asian countries.
— Singapore Business Review

US commits US$300m funding for security cooperation in Indo-Pacific region
United States Secretary of State Mike Pompeo announced on Saturday (Aug 4) US$300 million (S$409 million) in funding for security cooperation within the Indo-Pacific region.
— TodayOnline

Recently launched platform for online tutoring draws 400 students
Young people today are spending more time chatting, playing games, reading and taking in the news on screen, and a new online tutoring platform aims to capitalise on this.
— The New Paper

Genting Singapore’s profit inches up 3% to $394.8m in H1
Genting Singapore’s profit rose 3% YoY to $394.8m in H1 2018 from $382.9m as revenue inched up 4% YoY to $1.23b from $1.18b, an announcement revealed.
— Singapore Business Review

Shanmugam and Singapore delegation in Lombok safe after strong quake
Law and Home Affairs Minister K Shanmugam was among a group of Singaporeans who felt the effects of the magnitude 6.9 earthquake that hit Lombok on Sunday (Aug 5) evening.
–Channel NewsAsia

Mustafa Centre being investigated by MOM
The Ministry of Manpower (MOM) is investigating retail giant Mustafa Centre for alleged employment offences.
— The New Paper

The elderly shuttlecock recycler on a mission to produce a badminton world beater | VIDEO
Meet 83-year-old Ronald Cheong, a former shuttler who represented Singapore in its pre-independence days. Since then, he’s doing all he can to get more children to play the sport – and that includes helping make their shuttlecocks last longer.
–Channel NewsAsia

Confused, misguided and troubled: 3 former ISA detainees reveal how they became radicalised
He was jolted awake in bed and saw his mother standing over him, telling him that officers from the Internal Security Department (ISD) were in their house.
— TodayOnline

Comics struggle to find space in Singapore
A graphic novel has made the Man Booker Prize longlist for the first time in the award’s 50-year history.
— The New Paper

Police haul up 55 suspects for scams involving more than S$1.8m
Police hauled up 55 suspects after a five-day operation against various scams involving transactions worth more than S$1.8 million.
–Channel NewsAsia

55 suspects hauled up for scams involving more than $1.8 million
The police have rounded up 30 men and 25 women, aged between 18 and 71, in relation to 77 scams and commercial crime-related cases.
–AsiaOne

Women see red over ‘pink tax’
Postgraduate Natalee Ho, 25, used to think nothing of buying razors for women that came in pink or floral packaging, believing that these were specially designed to work better on her.
— The Straits Times

Community networks also vital in helping tackle social issues
When it comes to addressing social issues such as inequality, financial assistance alone is not enough, said Minister in the Prime Minister’s Office, Ms Indranee Rajah.
— The New Paper

Poly dropout is Singapore’s poker millionaire
Ask Kenneth Kee for advice about how to get into his line of work and his response is to try and talk you out of it.
— The Straits Times

Singapore National Day 2018: 7 limited edition items to queue up for
August 9 is less than a month away, which means it’s almost time to watch the Singapore National Day Parade and break out into the nostalgic National Day song “Home”.
— AsiaOne

Protecting the parade through increased patrols
Add the 1,000 vessels that pass through the Singapore Strait on any one day and the risk of an attack increases, said Singapore Maritime Crisis Centre’s Colonel Kwan Hon Chuong.
— The New Paper

The Asian Games’ heating up with these TeamSingapore babes and hunks
The Asian Games 2018 are kicking off on August 18, and some of our favourite athletes will be part of the action, joining some 15,000 athletes from the region.
— AsiaOne

Fire breaks out at Neil Road coffee shop, no injuries reported
A fire broke out at a coffee shop in 120 Neil Road on Saturday afternoon (Aug 4).
— The Straits Times

Feature photo Michael Elleray

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 August 6 added by Maria Mirasol Rasonable on August 6, 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.