Singapore Morning News For July 17

The Big Read: Property cooling measures — examining the case for a ‘sledgehammer’
Uncertainty arising from the latest cooling measures announced early this month has raised concerns with developers, homeowners, and property investors.
— Channel News Asia

ST Engineering Aerospace bagged contracts worth $510m in Q2
ST Engineering’s Aerospace sector secured new contracts worth about $510m in the second quarter of 2018 for services ranging from heavy maintenance to engine wash and aircraft interior reconfiguration.
— Singapore Business Review

Singapore’s shipyard firms go head-to-head with Chinese rivals in revived O&M market
However, so far in 2018, projects have reached Financial Investment Decision (FID) only have a combined capex of US$26b. “We blame this on keen competition, political risks and leaner cost structure among the operators,” said CGS-CIMB analyst Lim Siew Khee.
— Singapore Business Review

Road-rage Ferrari driver admits to blocking traffic on Orchard Road
A 73-year-old Ferrari driver previously convicted of road rage pleaded guilty on Monday (July 16) to blocking two lanes of Orchard Road with her car one day during the evening peak period in 2016.
— Today Online

Education Minister reiterate importance of “meritocracy” and defend PSLE in light of NMPs calling for it to be scrapped
In response to a Parliamentary motion filed by five Nominated MPs on “Education for our Future”, Minister of Education Mr Ong Ye Kung emphasised that assisting students of underprivileged socioeconomic backgrounds should not come at the expense of principles such as meritocracy that have long become the cornerstone of the Singapore education system.
— The Online Citizen

Netflix shares tank after big miss on subscriber growth
Netflix Inc added fewer subscribers than expected in both its international and domestic markets in the second quarter.
Read more at https://www.channelnewsasia.com/news/business/netflix-shares-tank-after-big-miss-on-subscriber-growth-10536526
— Channel News Asia

Warm and dry weather to persist for rest of July, says the weatherman
Feeling the heat since the start of July? Then expect the warm and dry weather conditions to persist for the second half of the month, said the Meteorological Service Singapore (MSS).
— Today Online

Art teacher found guilty of molesting 13-year-old male student
Art teacher found guilty of molesting 13-year-old male student
— Today Online

Despite repeated claims of engagement with citizens, actions of PAP leadership show that they do not care for the well-being of people
It was reported on Sunday (15 Jun) that Cabinet Ministers will increase their visits to the heartlands to hear people’s views on various issues. This initiative built on Finance Minister Heng Swee Keat’s vision in May, where he said that the Government will be starting a series of discussions to engage different segments of society.
— The Online Citizen

Women’s fertility may be related to heart disease risk factors
Young women with unhealthy levels of fats in their blood may have higher odds of having just one child, or no children at all, a recent study suggests.
— Channel News Asia

SMRT retains job for SAF Scholar COL (NS) Alvin Kek after returning from prison
It was reported in the media last month (Jun 2018) that SMRT Trains chief operations officer COL (NS) Alvin Kek Yoke Boon had been sentenced to two weeks’ jail and a fine of $4,000 for drink driving, some two months after he was arrested at Woodlands Checkpoint.
— The Online Citizen

IBM seeks US$167 million from Groupon in dispute over early internet patents
International Business Machines Corp on Monday asked a U.S. jury to award it US$167 million in a lawsuit accusing e-commerce marketplace operator Groupon Inc of using patented technology without authorization.
–Channel News Asia

Singapore June private home sales fall 20.2 percent on year
Sales of private homes by developers in Singapore fell 20.2 percent in June from a year earlier, government data showed on Monday.
— Reuters

Mixed views on Ben Davis’ non-deferment for NS
Teenage footballer Ben Davis, who became the first Singaporean to sign a professional contract with an English Premier League club after inking a deal with Fulham FC last month, will have to return to Singapore in December to enlist for national service (NS).
— The Newpaper

Commentary: Singapore, don’t let this World Cup lesson go to waste
The Croatian adventure – and that of all the other underdogs in Russia – can help us learn and change something about our sporting culture, Channel NewsAsia’s Justin Ong reckons.
— Channel News Asia

Koufu Founder Once Sold Fruits At Sungei Rd – Now A Food Court Tycoon Earning $216.7M Revenue In 2017
It aims to raise net proceeds of $70.5 million through the sale of 51.2 million new shares, 21 million new cornerstone shares and 45.8 million shares currently owned by Koufu founder Pang Lim and wife Ng Hoon Tien.
— Vulcan Post

Hidden rubbish made beach look clean
Stepping on the white, seemingly pristine, sands of Pasir Ris beach on June 30, one would not expect the Trash Hero clean-up volunteers to come away with 76kg of rubbish.
— The Newpaper

Fall in Clarke Quay public order offences
The number of public order incidents in Clarke Quay plummeted in the three years after liquor licensing hours in the area were curtailed, though numbers have crept back up again in the last year.
— The Newpaper

Things that might be making your eczema worse without you realising
Eczema is a condition that unfortunately has no cure. Instead, it has to be managed with the right skincare and lifestyle habits.
— The Newpaper

Feature photo Brian Evans

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 July 17 added by Maria Mirasol Rasonable on July 17, 2018
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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.