Singapore Morning News For June 12

Singapore Morning News For June 12

Singapore morning newsSingapore rallied to fifth spot as world’s largest foreign investment hub
In 2017, Singapore received $82.74b (US$62b) of foreign direct investment, snagging the fifth spot in the world’s top 20 foreign direct investment hubs, the 2018 World Investment Report of the United Nations Conference on Trade and Development (UNCTAD) revealed.
Singapore Business Review

S$180m in MediSave top-ups for Pioneer Generation in 2018
About S$180 million in Medisave top-ups will be disbursed to eligible seniors this year, as part of the Pioneer Generation Package, the Ministry of Finance (MOF) announced on Monday (Jun 11).
Channel NewsAsia 

EXCLUSIVE – Key technology trends discussed at Singapore OpenGov Leadership Forum 2018
On 17 May 2018, the Singapore OpenGov Leadership Forum 2018 gathered around 400 government officials and senior technology executives from across the Singapore Government to discuss the opportunities and challenges of digital transformation.
Open Gov Asia 

Singapore not repressive, political scene is outcome of elections: PM Lee
Pushing back against an interviewer’s allusion to Singapore as a repressive country, Prime Minister Lee Hsien Loong said that the political scene here is the result of how Singaporeans have voted in elections.
Today Online 

Singapore’s cost of living may not be the highest in the world: report
The city may not be the costliest after all, if tax-adjusted values are taken into account.
For the Economist Intelligence Unit’s (EIU), Singapore has been holding the crown as the costliest city in the world for five years.
Singapore Business Review

Singapore’s Q3 job outlook brightest in 3 years
THE local employment outlook for the next three months is the brightest in nearly three years, according to ManpowerGroup.
The Business Times (paywall)

Singapore-Johor Rapid Transit System Outweighs Scrapped High Speed Rail
The RM4 billion (S$1.34 billion) Rapid Transit System (RTS) connecting Singapore with Johor Bahru is more viable and practical than the High Speed Rail (HSR) that is estimated to cost RM110 billion (S$37 billion), reported The Star.
Property Guru

Singapore launches public consultation on embedded SIM technology to facilitate IoT deployment
At the recent 5G Workshop on the 5G Commercialisation and Deployment Roadmap, Infocomm Media Development Authority (IMDA) announced the launch of a public consultation on embedded SIM technology to facilitate innovation, competition and IoT deployment.
Open Gov Asia

Singapore denies entry to Batam resident over Islamic State video
Singapore’s Immigration and Checkpoints Authority (ICA) denied entry to a Batam resident on Saturday after discovering Islamic State (IS) related materials on his mobile phone.
Asia One

Trump and Kim Can Learn a Thing or Two From Singapore
U.S. President Donald Trump and North Korean leader Kim Jong Un are spending such a short amount of time in Singapore this week.

Sojern Grows Asia-Pacific Presence With Expanded Office in Singapore
Sojern, travel’s marketing demand engine, today announced an expanded presence and hiring plans in Singapore following the company’s rapid growth in the Asia-Pacific (APAC) region.
AEC News Today/ PR Newswire (media release)

NUS Medicine School uses virtual reality to enhance learning of human anatomy
In Singapore, by the Centre for Healthcare Simulation (CHS) at NUS Yong Loo Lin School of Medicine (NUS Medicine) recently launched a computer-simulated human anatomy system to facilitate the learning and teaching of human anatomy.
Open Gov Asia

DPM Teo, PM Mahathir agree to explore new areas of collaboration for mutual benefit: MFA
Singapore’s Deputy Prime Minister Teo Chee Hean and Malaysian Prime Minister Mahathir Mohamad agreed on Monday (Jun 11) to explore new areas of collaboration between the two countries, such as trade and investments, for mutual benefit.
Channel NewsAsia 

Global info-sharing platform to help central banks fight cyber crime
AN information-sharing group for central banks, regulators and supervisors will soon be launched to combat cyber and physical crime and to build a more resilient financial sector.
The Business Times (paywall)

British newspaper The Economist comments that Singaporeans’ views don’t “count for much” when it comes to who succeeds PM Lee
While the article, entitled “Not much leeway,” was first published in the paper’s print edition in late April this year, the Government has still not given a clear indication as to who will succeed Prime Minister Lee Hsien Loong.
The Independent Singapore 

Jagged Peak Announces Sponsorship of Salesforce Connections 2018
Jagged Peak, Inc., a subsidiary of Singapore Post Limited, the leading provider of global end-to-end eCommerce solutions is sponsoring Salesforce Connections 2018.
AEC News Today/ PR Newswire (media release)

Computer-related courses a growing attraction for Singapore students
Enrolment in computer-related courses at Singapore’s institutes of higher learning has gone up, with students drawn by the good employment prospects and relatively higher starting pay in the industry.
The Straits Times 

SGX mulls new rule to protect minority shareholders in delistings
SINGAPORE Exchange Regulation (SGX RegCo) is mulling changes to its listing rules, which – if they come to pass – could curtail the role of controlling shareholders in a voluntary delisting, when the odds are often stacked heavily against minority shareholders.
The Business Times (paywall)


Feature photo Salmiac


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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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.

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