Singapore morning news for July 27

SIA’s transformation plan hits a snag after Q1 profit plunges 59%
National carrier Singapore Airlines (SIA) reported on Thursday (Jul 26) that group net profit fell by nearly 59 per cent in the first quarter, throwing a snag in its major turnaround plan to stem losses.
— Channel NewsAsia

Shop ‘til it drops: Half of Singaporeans are ready for drone deliveries
About half of consumers in Singapore said that they are comfortable with drone delivery, a study by payments provider Worldpay revealed. The country’s consumer confidence with the service is second to China (70%) in terms of global sentiments.
— Singapore Business Review

High-flying ex-Dty Police Commissioner to head new food agency despite being “motivated” at SPF
The government announced on Thursday (26 Jul) that a new statutory board called the Singapore Food Agency (SFA) will be formed in April next year under the Ministry of Environment and Water Resources (MEWR) to oversee food safety and security.
— TOC

Singapore offers humanitarian assistance for floods in Laos
The Singapore Government has offered to send humanitarian supplies and equipment as well as personnel to assist Laos with the flood relief efforts following the collapse of the Xe Pian-Xe Namnoy hydropower dam in Attapeu Province, Laos on 23 July 2018.
— TOC

Over $150b wiped off Facebook’s market value in biggest loss in stock market history
Facebook’s plummeting stock price erased more than US$110 billion (S$150 billion) in market value, which would be the largest one-day loss of any publicly traded company in history.
— The Straits Times

Kanpai! A look at Singapore’s growing appetite for sake
Sake is slowly becoming big in Singapore. CNA Lifestyle gets the lowdown on what the scene is like today from Sake Sommelier of the Year Joshua Kalinan and sake expert Eugene Wong.
— Channel News Asia

Total lunar eclipse: When to catch it in Singapore
Skywatchers here will be in for a treat in the wee hours of Saturday morning (July 28) as the longest total lunar eclipse of the century will be visible in its entirety in Singapore.
— The Straits Times

APAC Brand Leaders and Marketers to join the ‘Content Marketing Summit Asia’ in Singapore on Aug 15, 2018
The upcoming ASEAN edition scheduled to be held on August 15, 2018 at Singapore will host over 30 C-Suite global experts and practitioners from leading brands such as P&G, Nestle, Ericsson, SGInnovate, Under Armour, AON, Honeywell, Intel, Cisco, Dolby, Prudential, Temasek, Kayak and others.
— CSO

Noble Group forecasts second-quarter net loss
Debt-laden commodities trader Noble Group said it expected to post a loss in the second quarter, citing restructuring expenses and net finance costs.
— Channel NewsAsia

How machine learning helps Singapore swat dengue
Dr Ng Lee Ching, Director of the National Environment Agency’s Environmental Health Institute in Singapore, on how the country is predicting clusters.
— GovInsider

S$2.1 million for national monuments’ restoration and maintenance works
Twelve national monuments including the Church of St Teresa and Sri Srinivasa Perumal Temple will receive about a total of S$2.1 million this year from the National Heritage Board (NHB) for restoration and maintenance works.
— TodayOnline

Attackers with samurai sword, knife leave man bleeding on road
Ms Kwok Kar Peng, 41, told The New Paper: “He was lying in the bus lane and there was blood on his face, around his foot, in his hair and on the ground.
— The Newpaper

Katong Plaza and Fortune Park extend tenders amidst property curbs
The tender closing for Katong Plaza and Fortune Park have been extended due to the property cooling measures, Huttons Asia revealed.
— Singapore Business Review

In photos: Divers search for samurai sword discarded in Lower Peirce Reservoir after attack
One of the seven suspects arrested in connection with a slashing incident at Serangoon Road was brought to the Lower Peirce Reservoir on Thursday (July 26) afternoon to assist with investigations.
— TodayOnline

Coach charged with molest calls accuser an attention seeker
Veteran track and field coach Loh Siang Piow, who has been charged with using criminal force on a teenage athlete under his charge in 2013, testified in court for the first time yesterday.
— The Newpaper

Singapore’s 50 richest people just got 11% richer in 2018
The combined wealth of the top 50 richest Singaporeans jumped 11% to US$116b in 2018, Forbes said. This is despite current geopolitical challenges and a flat growth in the Singapore dollar and the benchmark Straits Times Index (STI).
— Singapore Business Review

Shocking that an educator from Singapore’s top schools could be so myopic and misguided
Apart from being ignorant and seemingly fearful of anything that could potentially fall outside the mainstream, Mr Leonard Tan’s speech is littered with contradictions and illogical thought processes which takes “conservative” to a whole new level.
— TOC

Singapore family office hoards cash amid China-US tensions
Kamet Capital Partners, a Singapore-based family office that invests on behalf of wealthy Chinese, said it’s hoarding cash as it waits for global asset prices to deflate amid geopolitical tensions and tighter US monetary policy.
— TodayOnline

Four people recognised for nabbing upskirt suspects at MRT stations
When he heard a group of people arguing at Tampines MRT station, on July 2, while going home, Mr Song Wei Zong went to investigate.
— The Newpaper

Has Singapore Michelin Guide lost its mojo?
Three years in and the Singapore Michelin Guide appears to have lost steam.
— The Straits Times

South Korean startup enters Singapore’s ride-hailing scene
In order to get to know Singapore’s ride-hailing landscape, MVL appointed seven advisors who were either came from Uber or had done business with Uber.
— Singapore Business Review

TNP, my family
After years of asking questions as a reporter for Singapore Press Holdings (SPH), Ms Trudy Lim found the tables turned on her on Tuesday.
— The Newpaper

Five officers charged for involvement in death of SCDF NSF
The court has charged five Singapore Civil Defence Force (SCDF) officers who were involved in a ragging incident that led to the death of a full-time national serviceman (NSF) in May.
— TOC

Four ways Singapore is redesigning patients’ experience
For instance, the median waiting time for admission into the emergency department at Singapore’s busiest hospital last year was over eight hours. As manpower and resource constraints strain hospitals, hospitals are trialling new approaches to make the experience a little less painful.
— GovInsider

Feature photo velo_city

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 27 added by Maria Mirasol Rasonable on July 27, 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.