Singapore Morning News For June 21

Singapore Morning News For June 21

Singapore morning newsSingapore to cut use of cash, hopes to go cheque-free by 2025
Singaporeans are adopting online payments with such gusto that the Government hopes that the country will be cheque-free by 2025.
The Straits Times 

Singapore’s Ultra-Rich Increased 11.5% Last Year
Singapore now has more high net worth individuals (HNWIs), whose wealth also grew by 12.8 percent from $761.24 billion in 2016 to $858.42 billion in 2017, reported Singapore Business Review citing consultancy firm Capgemini.
Property Guru 

More companies in Singapore cutting back on single-use plastics | Video
Companies such as Swedish furniture retailer IKEA and fast food chain KFC are cutting down on single-use plastics such as straws in a bid to reduce the impact on the environment. But are consumers on the same bandwagon? Junn Loh reports.
Channel NewsAsia (video)

COE premiums for big and small cars tumble to lowest since 2010
Certificate of Entitlement (COE) premiums for big and small cars, as well as the Open Category, fell to their lowest in about eight years in the latest bidding exercise that closed on Wednesday (June 20).
Today Online 

Epsilon brings direct on-demand access to Microsoft Azure in Singapore
Singapore’s reputation as a regional cloud hub has received a boost with the announcement that communications service provider Epsilon will partner with Microsoft to provide on-demand access to cloud connectivity in Singapore through Microsoft’s Azure ExpressRoute.
Channel Asia Singapore 

Businesses, Government bodies can use PayNow Corporate to transfer funds from Aug 13
Companies and Government agencies will be able to use funds transfer service PayNow from August, with the introduction of the PayNow Corporate service.
Channel NewsAsia 

Singapore-Based Blockchain Platform Credits to Forge Blockchain Future of India
Blockchain quickly becomes the focus of attention of banking industry expert community.

Singapore’s CapitaLand appoints new managing director
Singapore’s CapitaLand Investment Management (CapitaLand) has confirmed that it has hired Caleb Shen for a new position as its managing director for fund management.
Asia Asset Management 

SAF can improve heat injury prevention: Panel
The Singapore Armed Forces (SAF) can improve its prevention against heat injuries and its response to them, a review panel has found.
The Straits Times

Keppel Club to cut monthly subscription fees to $1 for next 12 months
Keppel Club, faced with the daunting prospect of lease expiry in December 2021, will cut members’ monthly subscription fees to a nominal $1 for the next 12 months from July 1 and slash membership transfer fees by 25 per cent.
The New Paper

Commentary: Singapore Airlines to launch world’s longest commercial flight – again
In 2013, Singapore Airlines (SIA) scrapped its almost 19-hour non-stop service between Singapore and the New York area, nearly a decade after it was first launched.
— Channel NewsAsia

Budget airline Scoot launches Singapore-Berlin route, its third long-haul destination
Budget airline Scoot is now flying to the German city of Berlin four times a week – its third long-haul destination after Athens and Honolulu.
The Straits Times 

Upcoming ConnecTechAsia Summit Highlights Importance of Cloud and Intelligent Enterprises
ConnecTechAsia, the inaugural umbrella event encompassing CommunicAsia, BroadcastAsia and the new NXTAsia, will take place from 26 to 28 June at Marina Bay Sands and Suntec Singapore with a spotlight on the latest technology innovations and the most critical shifts that are impacting businesses and audiences today.
AEC News Today/ PR Newswire (media release)

TAO Group’s Noah Tepperberg Talks Marquee’s Singapore Expansion: Exclusive
TAO Group has its expansion sights firmly fixed on Asia.The nightclub and restaurant operator last week (June 14) announced the opening of its flagship nightclub brand Marquee in Singapore next year at the luxurious Marina Bay Sands hotel, where TAO also launched its LAVO Italian Restaurant & Rooftop Bar in January.

Locally grown strawberries a first for Singapore’s farming industry
It was once an unthinkable feat – growing non-native temperate produce on Singapore soil. But a local urban farm has managed to do just that – growing strawberries, with the help of technology in a controlled hydroponics environment.
Channel NewsAsia

S$5m value in PropNex prospectus for agents’ transfer causing a stir
A S$5 MILLION value pegged to PropNex Realty’s business takeover agreement with Dennis Wee Realty (DWR) last year in the initial public offer (IPO) prospectus lodged by PropNex has raised the eyebrows of many observers, who keenly recall the transaction was previously said to have no dollar value.
The Business Times (paywall)

NUS investigating after students allegedly stripped in the sea as part of game
The National University of Singapore (NUS) is looking into an incident where its students allegedly took part in a game that involved stripping in the sea.
The Straits Times

Do Michelin stars really matter in Singapore’s fine-dining scene?
With Joel Robuchon’s restaurants closing on Jun 30 and the Michelin Guide coming out on Jul 25, CNA Lifestyle talks to some industry insiders about the importance of these infamous stars.
Channel NewsAsia 

Variety of e-payment options is to allow for competition, innovation: Ong Ye Kung
While he acknowledged that Singapore’s e-payment landscape is confusing due to the plethora of options, Education Minister Ong Ye Kung said that the Government has “deliberately taken a different approach so as to allow more competition and innovation in the payments space”.
Today Online 

S-E Asian firms ‘see value in data storage for innovation’
DATA storage firm Pure Storage, a New York-listed outfit that counts Singapore chipmaker Avago and property developer Ascendas-Singbridge as customers, says South-east Asian businesses contributed to some of its strongest growth in latest global revenues.
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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