Singapore Morning News For June 5

Singapore companies shoot for the stars as space technology gets more accessible
It may come as a surprise, but Singapore has a space industry – one which hires 1,000 people and involves 30 companies.
— Channel NewsAsia

Security headaches for Singapore ahead of Trump-Kim meeting
More than 5,000 expected reporters, hundred of security staff for each the US and North Korean delegations, and dozens of high-ranking officials turn the planned June 12 summit between US President Donald Trump and North Korean leader Kim Jong-un into a security headache for the small city state.
— Investvine

Singapore on top, Laos on the bottom – English proficiency
The EF English Proficiency Index is out for the past 12 months, the seventh overview of countries where English is not the native language. Ranked from top to bottom and broken up into specific demographics.
— The Thaiger

First Trump-Kim meeting in Singapore scheduled for 9am on Jun 12
The White House said on Monday (Jun 4) that a first meeting between President Donald Trump and North Korean leader Kim Jong Un will take place at 9:00am (0100 GMT) in Singapore on Jun 12.
— Channel NewsAsia

Singapore Startup Turned Down $100 Million. It Was a Good Call
A few years ago, Quek Siu Rui huddled with the board of his Singapore startup to consider whether to sell. Quek was only 26 and the $100 million offer would have made him wealthy beyond his dreams. But he said no: He wanted to keep building the business.
— Bloomberg

Singapore Polytechnic, waste management recycling association to work together on innovative solutions for waste industry | Video
Singapore Polytechnic (SP) and the Waste Management & Recycling Association of Singapore (WMRAS) will be working together to bring technological solutions to the waste industry, in a move that will help support the nation’s zero waste goal. Gwyneth Teo with more.
— Channel NewsAsia (video)

Singapore Myanmar Investco to sell unit for $14.4m
Mainboard-listed Singapore Myanmar Investco (SMI) said yesterday that its subsidiary, Myanmar Infrastructure Group (MIG), has entered into a US$10.8 million (S$14.4 million) share sale agreement with Tiger Infrastructure for the proposed disposal of its 99.9 per cent-owned indirect subsidiary, TPR Myanmar.
— The Straits Times

How ready is Singapore for electric vehicles? | Video
There are more than 900,000 cars in Singapore but just under 350 are fully electric. With premium prices and few public charging points, how do electric vehicles square with Singapore’s car-lite vision? Elizabeth Neo finds out.
— Channel NewsAsia (video)

Singapore company files for $325M bankruptcy in White Plains
White Plains lawyer Michael E. Foreman has been appointed to help a Singapore company restructure $325 million in debt in a rare Chapter 15 cross-border bankruptcy.
— Westfair Online

Agoda’s top tips for sustainable travel
To mark World Environment Day on 5 June, Agoda shares tips on how to actively become a more conscious, responsible traveler.
— AEC News Today/ PR Newswire (media release)

How Singapore’s ‘smart power’ can inspire China-US relations in the run-up to the Trump-Kim summit
Next week, it now seems, the American president will be in Singapore, along with the North Korean leader. Both are famously quirky.
— South China Morning Post

India-Singapore ties strong but the need for caution remains
THE reiteration of close economic ties between Singapore and India, by the prime ministers of both countries last week, will come as a relief for businessmen who are looking for increased trade linkages.
— The Business Times

Singapore launches Digital Readiness Blueprint to help Singaporeans thrive in a Smart Nation
Singapore Minister for Communications and Information Mr S. Iswaran recently announced the launch of the country’s Digital Readiness Blueprint.
— Open Gov Asia

Singapore aims to strengthen ties with China amid 4G leadership renewal: Heng Swee Keat
Singapore aims to further improve ties with China even as the former undergoes leadership renewal.
— Channel NewsAsia

Singapore’s clout in global commodities trading can soothe troubled waters
WE ARE now seeing headlines almost daily about US-Chinese trade tensions, Brexit deals and Korean summits – all of which are keeping global trade in the spotlight.
— The Business Times

The role of technology in Singapore’s vision to be a global accountancy hub
As reported earlier, accountancy is one of five key sub-sectors of the Professional Services Industry Transformation Map (ITM) launched in January this year to develop Singapore into a globally-leading Professional Services Industry driven by innovation and partnerships.
— Open Gov Asia

Upskirt cases on the rise in Singapore as technology grows more advanced
The pervert, who belonged to an online chat group, had announced that he was going for a medical check-up.
— The Straits Times

Singapore Built a Dedicated Town for Self-Driving Buses
In the race to deploy driverless public transport, Singapore has built a mini town that could vault it into pole position.
— Bloomberg

Trump-Kim summit venue: Singapore tightens security near Shangri-La Hotel as rumors swirl
Singapore has moved to declare its leafy diplomatic district near the popular Orchard Road shopping belt a “special event area,” fueling speculation that the landmark summit between U.S. President Donald Trump and North Korean leader Kim Jong Un will take place at the Shangri-La Hotel.
— Politico

Tesla’s Musk laments Singapore electric vehicle stance
Elon Musk, chief executive of U.S. electric vehicle (EV) maker Tesla Inc, defended his view that Singapore was not supportive of EV ownership after a commentary in the city-state’s biggest newspaper criticized the billionaire’s social media post.
— Reuters

Singapore’s largest farmers’ market makes its debut on Jul 7
Billing itself as the ultimate market for farm-to-table enthusiasts, Sprout will be bringing together Singapore’s local sustainable agriculture community to showcase their produce and products under one roof at Suntec Singapore Convention & Exhibition Centre from July 7 to 8.
— Channel NewsAsia

Dive into Singapore’s Culinary Scene
Singapore is a playground for everyone from architecture aficionados and cocktail connoisseurs to hawker centre habitués. A word to the wise: Bring loose-fitting pants for the flight home, because no amount of walking around and exploring this awe-inspiring island will balance out its endless eats.
— Wine Enthusiast Magazine

Feature photo Ria Tan

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 5 added by Leakhena Khat on June 5, 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.