Singapore morning news for August 7

Singapore morning news for August 7
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Singapore morning newsSingapore major banks’ profits surge in second quarter | Video
Singapore’s three major lenders have logged double-digit growth in their Q2 net profit figures.
–Channel NewsAsia

Genting Singapore eyes Japan expansion
Genting Singapore could find a new opportunity in Japan amidst the enactment of the country’s Integrated Resort (IR) Implementation Bill, DBS Equity Research and OCBC Investment Research (OIR) said.
— Singapore Business Review

Could banks be the saving grace of Singapore’s rattled equities market?
Reports of the Trump administration eyeing higher 25% tariff on US$200b on Chinese imports after a relatively quiet July is once again putting the Asian equities market on edge and Singapore is no exception as it has to grapple with a seasonal slump to add to its burden.
— Singapore Business Review

Frost & Sullivan: Holistic Enterprise Security remains paramount in light of SingHealth attack
n light of the recent SingHealth cyberattack, affecting 1.5 million patients, enterprises today need to be prepared and cannot fall into complacency that similar attacks will not happen to their organization or that their current operations will not be impacted as a result of the breach.
— AEC News Today/ PR Nwswire (media release)

Singapore cyber attack may be state-linked: minister
The biggest ever cyber attack to hit Singapore was carried out by highly sophisticated hackers typically linked to foreign governments, a cabinet minister said Monday, but did not give names.
— The Nation

Forward planning isn’t just about planning for GDP of a country but also how citizens’ lives will be affected
Transport Minister Khaw Boon Wan has credited the government’s “sound judgment” in relation to the building of Terminal 4 of Changi Airport (T4). At the official opening of T4, Khaw further said that “Building ahead of demand is indeed one of Singapore’s economic success factors”

Tan Tock Seng Hospital, the Wound Healing Society Singapore and Zuellig Pharma team up to advance wound care expertise in Singapore
A Memorandum of Understanding was signed on Friday 3 August by Tan Tock Seng Hospital (TTSH)’s Centre for Asian Nursing Studies (CANS), the Wound Healing Society of Singapore (WHSS) and Zuellig Pharma to launch a Wound Care Programme to promote excellence in wound care and management in Singapore and the region.
— AEC News Today/ PR Newswire (media release)

EU mergers and takeovers (Aug 6)
Singapore’s Sheares Healthcare to acquire joint control of Singapore peer Asia Healthcare Holdings Pte Ltd which is currently solely controlled by U.S. private investment firm TPG Growth III SF Pte Ltd (notified July 27/deadline Sept. 3/simplified)
— Reuters

Lifting of pause on ICT systems seems too soon to be safe
According to reports, the pause on new information and communications technology (ICT) systems that had been put in place following the SingHealth hacking has been lifted.

The Big Read: Opposition parties banding together — a grand plan or a last throw of the dice?
Seven opposition parties announced plans last weekend to form a coalition.
— Channel NewsAsia

7 new MOE Kindergartens to open by 2021, bringing total to 36
Seven new Ministry of Education Kindergartens (MKs) located within primary schools and offering Kindergarten Care (KCare) services will be opening in 2021, bringing the total number of these kindergartens to 36.
— TodayOnline

Fish & Co ad Delifrance Singapore no longer Halal certified
Food chains Fish & Co and Delifrance Singapore have lost their halal certifications after failing to renew them this year.
— The New Paper

55 persons investigated by SPF for e-commerce and loan scams involving S$1.8mil
Following a five-day operation conducted by Bedok Police Division between 30 July and 3 Aug 2018, 30 men and 25 women between the ages of 18 and 71 are being investigated for their alleged involvement in various scams and other “commercial crime-related cases”.

Professionalisation, wage ladder for lift technicians a long time coming
With starting salaries for newly trained lift technicians at S$1,200, the industry is heavily strapped for manpower and more importantly new blood, said stakeholders in the lift sector.
— Channel NewsAsia

Singapore Dance Theatre presents Ballet under the Stars (31 Aug – 2 Sept, 7 – 9 Sept 2018 at Fort Canning Green)
Ballet Under the Stars is back for its 23rd edition! Established by Singapore Dance Theatre in 1995 as Singapore’s most loved and iconic outdoor dance event at the Fort Canning Green, we will be presenting a weekend of neo-classical works from 31 August – 2 September, and another weekend dedicated to masterpieces by Singapore Choreographer Choo-San Goh from 7 – 9 September.

Charities watchdog removes Sri Veeramakaliamman Temple chairman from role
The Commissioner of Charities (COC) said in a statement on Monday (Aug 6) that this takes effect immediately and Sivakadacham is also disqualified from acting in any capacity as a governing board member, trustee or key officer in any charity in future.
— TodayOnline

Singapore Theatre Festival was a good reminder to mind Singapore’s class divisions
The topic of class divisions has been making the headlines , thanks to a study by the Institute of Policy Studies last year, which found signs of a clear class divide in Singapore.
— The Straits Times

Internet-surfing separation not easy decision, healthcare delivery affected in some areas: Health Minister
Internet-surfing separation is not a decision to be taken lightly, and many healthcare systems in other countries have found it difficult to set it in motion for practical and operational reasons, Minister for Health Gan Kim Yong reiterated in Parliament on Monday (Aug 6).
— TodayOnline

What are Singapore Idol alumni up to now?
While it has been nine years since the last time Singapore had a Singapore Idol winner, the recent arrest of singer and second season winner Hady Mirza for drug offences has at least temporarily jogged everyone’s memory about the reality singing competition.
— The Straits Times

Singaporean couple survives two Lombok quakes
For the second time in two weeks, a Singaporean couple survived an earthquake on the Indonesia island of Lombok.
— The New Paper

AU: Ripe Australian avocados impress in Malaysia and Singapore
The Australian avocado industry has conducted a multi-year project to introduce ripe Australian avocados to retail shelves, in Malaysia and Singapore.
— FreshPlaza



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.


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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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