Singapore Morning News For February 16

Regular intake of energy-reduced foods may help stave off obesity and diabetes: Singapore study
Regularly consuming food and drink (be they sweet or savoury) that are less energy-dense could help to lower overall energy intake and postprandial blood glucose concentration, say researchers in Singapore.
— Food Nagivator-Asia

StanChart robbery suspect David Roach contests extradition to Singapore
A Canadian man suspected of a rare bank robbery in Singapore told a court in London on Thursday (Feb 15) that he is contesting his extradition from Britain to Singapore.
— Channel NewsAsia

DBS sponsors wealth management track at Singapore’s Nanyang Technological University
To groom job-ready wealth management talent and cater to growing industry demand for such expertise in Singapore, DBS Bank and Nanyang Technological University, Singapore (NTU Singapore) today announced a partnership to build a sustainable talent pool of wealth management associates.
— Finextra

Singapore, Malaysia equities advance tracking Wall Street rally
Shares in Singapore and Malaysia ended a truncated trading session higher, boosted by an overnight rally in U.S. indexes after retail sales and inflation data.
— Nikkei Asian Review

Some low-wage workers working like ‘slaves’, says labour MP
Calling on the Government not to reduce employers’ Central Provident Fund (CPF) contributions for older workers and a mandatory 13th month bonus for low-wage workers among other proposals, a Member of Parliament has likened the plight of some vulnerable low-income earners as “slavery of the poor”.
— Today Online

Singapore banks shake off oil & gas loan burdens
The robust performance of Singapore’s banks is expected to stabilise in 2018 after DBS, followed by OCBC and UOB, cleaned up their loan problems in the second half of 2017, Moody’s Investors Service said.
— Singapore Business Review

Is Singapore Sri Lanka’s door to East Asia?
In a bid to strengthen economic relations, Sri Lanka and Singapore signed a bilateral free trade agreement on 23 January 2018. In spite of the two islands’ decades of warm diplomatic relations, Singapore comprised only 1.1 per cent of Sri Lanka’s exports and 5.3 per cent of imports in 2016.
— East Asia Forum

Singapore and Egypt bolster fintech co-operation
The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) signed an agreement to strengthen FinTech cooperation between the two countries on 6 February 2018.
— Finextra

Myanmar-China-Singapore Consortium Wins Yangon Central Railway Bid
A consortium including a Singapore-listed company has won the bidding for the Yangon Central Railways Station Area Comprehensive Development Project, Myanma Railways said.
— The Irrawaddy

NTUC calls for support to help middle-income working parents with child-raising costs
The National Trades Union Congress (NTUC) on Thursday (Feb 15) called on the Government to provide greater support for middle-income working parents with increasing child-raising costs.
— Channel NewsAsia

Singapore is the second “least miserable” country in the world
Thailand beat Singapore by 0.9 point in Bloomberg’s Misery Index.
Rising prices are more of a threat to the global economy this year than joblessness, according to Bloomberg’s Misery Index, which sums inflation and unemployment outlooks for 66 economies.
— Singapore Business Review

How to Fly Singapore Airlines New First Class with Points
I can’t wait to fly the new Singapore Airlines first class. I’ve flown the old Singapore Airlines first class suites on the A-380 a few times, but the newer cabin looks like one of the best premium cabin flight experiences yet. What makes it even better is you can fly Singapore Airlines with several rewards points.
— Forbes

Capital Innovators accelerator selects firms from Mexico, Singapore and St. Louis
The latest investments by Capital Innovators, a St. Louis based accelerator program, include a travel-planning company from Mexico and a project-management software firm from Singapore.
— STLtoday

Making Singapore homes great again for banks isn’t easy
The best start to a year since 2014 in Singapore’s property market seems to have finally lifted the spirits of investors in its banks.
— The Star Online

Increasing trend of younger people seeking help for sex and porn addiction
Counselling centres said they are seeing an increasing trend of younger clients aged 25 and below seeking help for sexual and porn addiction.
— Channel NewsAsia (video)

Students learn about Total Defence through GOTC card game
Secondary Two student Hilmy Ismail, 14, was excited as he played the Guardians of the City (GOTC) card game during a workshop in school.
— The New Paper

Feature photo Karen

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 February 16 added by Leakhena Khat on February 16, 2018
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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.