Singapore Morning News For June 19

Singapore top cyber attack target during Trump-Kim talks: Report
Singapore was the top cyber attack target around the world during the Trump-Kim summit, with the country experiencing close to 40,000 attacks during the June 12 meeting, according to data collected by American technology company F5 Networks and its data partner Loryka.
— Today Online

NTU launches labs studying chronic diseases that affect Singaporeans | Video
Nanyang Technological University (NTU) on Monday (Jun 18) launched a suite of new research centres and laboratories to study the chronic diseases that affect Singaporeans. Cheryl Goh reports.
— Channel NewsAsia

Fund Singapore Announces Matthias Yeo as Chief Innovation Officer
Fund Singapore Pte. Ltd., an MAS regulated financial institution, is pleased to welcome Matthias Yeo as a partner to the firm. He has been appointed Chief Innovation Officer and Board Advisor.
— AEC News Today/ PR Newswire (media release)

NTT prepares to launch Microsoft Azure Stack in Singapore
NTT Communications is expected to deliver a managed Microsoft Azure stack solution to the Singapore market by the third quarter of 2018, following a similar launch in Hong Kong.
— Channel Asia Singapore

Singapore export growth surges in May
Pharmaceutical shipments can be highly volatile but they did the trick last month, driving Singapore export growth to a seven-month high.
— The Straits Times

OCBC targets S$1b profit from China’s Greater Bay Area by 2023
OCBC, Singapore’s second-largest bank, expects to hit at least S$1 billion in pre-tax profits from the Greater Bay Area – comprising Hong Kong and Macau, grouped with several cities in Guangdong province – by 2023.
— The Business Times (paywall)

The Big Read: Forget dollars and cents. Trump-Kim summit’s real value is in affirming Singapore’s place in the world
It was a surreal moment last Tuesday morning (June 12) when United States President Donald Trump and North Korean leader Kim Jong Un shook hands in front of a global audience, heralding a remarkable thaw in ties between two of the world’s fiercest adversaries.
— Channel NewsAsia

Online disruption hits businesses across Singapore
Singtel’s Facebook page received many posts and comments complaining about office and business broadband connections going down.
— The New Paper

Singapore Private Home Prices May Surge 20% This Year: Savills
Property consultancy Savills reckons that private home prices here may rise 15 to 20 percent for the whole of 2018 – up from its previous forecast of between 12 and 15 percent, reported Singapore Business Review.
— Property Guru

Lessons Singapore learnt in building smart city
National Development Minister Lawrence Wong said yesterday the United States-North Korea summit, held in Singapore last week, showed the country can organise a “complex operation at short notice”.
— The Straits Times

KFC Singapore to stop providing plastic caps and straws for drinks
KFC announced on Monday (Jun 18) that in an effort to reduce single-use plastics, it will no longer provide plastic caps and straws with drinks at its 84 outlets in Singapore starting on Wednesday.
— Channel NewsAsia

Budget Direct Insurance takes the lead in rewarding safe drivers
An independent price comparison study of Singapore’s leading insurers found that motorists with a 50% NCD stood to make the biggest premium savings with Budget Direct Insurance.
— AEC News Today/ PR Newswire (media release)

Why Singapore needs to save its offshore O&G services industry
THE offshore oil & gas (O&G) industry took root in Singapore in the early Eighties.
— The Business Times (paywall)

Nets rolls out mobile wallet app for OCBC, UOB customers
Two more local banks have joined payment solutions provider Nets’ mobile wallet application, which allows customers to make payments using their mobile phones, instead of the physical ATM cards.
— Today Online

Mercatus Co-operative Limited Selects Yardi Voyager
Singapore commercial real estate owner and manager aims to streamline its operations through a single integrated software platform
— AEC News Today/ PR Newswire (media release)

Nine men arrested over suspected illegal sale of 400 litres of marine gas oil
Nine men have been arrested for their suspected involvement in an illegal sale of 400 litres of marine gas oil (MGO), the police said on Monday (Jun 18).
— Channel NewsAsia

Singapore May Home Sales Climb to Nine-Month High
Singapore home sales jumped to the highest in nine months in May, underscoring signs the city-state’s property market is recovering.
— Bloomberg

Tapad Appoints Abhay Doshi to Head Up Asia Pacific Operations
Tapad, the company reinventing personalization for the modern marketer, today announced the appointment of Abhay Doshi as the company’s head of Tapad Asia Pacific (APAC). Doshi will lead Tapad’s expansion in the region from the company’s offices in Singapore.
— AEC News Today/ PR Newswire (media release)

Mastermind behind S$1.6 million motor insurance scam gets 9 years’ jail
The mastermind behind a syndicate that staged accidents in a bid to scam motor insurers was on Monday (Jun 18) sentenced to nine years in jail.
— Channel NewsAsia

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.

Singapore Morning News For June 19 added by Leakhena Khat on June 19, 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.