Singapore Morning News For March 15

Singapore Morning News For March 15

Singapore morning newsSingapore bank sets up unit to drive in-house AI development
OCBC Bank has set up a new unit dedicated to developing and integrating artificial intelligence (AI) capabilities into its products and services.
ZDNet 

Singapore: Halt imminent execution
The Singaporean authorities must immediately halt the imminent execution of a man who has been sentenced to death under the country’s cruel anti-drug laws, Amnesty International said today.
Amnesty International 

Former GM of Ang Mo Kio Town Council charged with corruption
The former general manager of Ang Mo Kio Town Council was charged on Wednesday (Mar 14) with 55 counts of corruption involving S$107,000.
Channel NewsAsia 

Scientists at NTU Singapore develop lensless imaging technology
The technology can reconstruct images in multiple wavelengths invisible to the naked eye, like infrared and ultraviolet, which are used in imaging purposes for medicine, surveillance and astrophysics.
Open Gov Asia 

Singapore investigating 2 local firms accused of supplying luxury goods to North Korea: MFA
Authorities here have started investigations into the two Singapore-based companies accused of supplying luxury goods to North Korea in violation of United Nations sanctions, said Singapore’s Ministry of Foreign Affairs (MFA) on Wednesday (Mar 14).
Channel NewsAsia

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Graduate underemployment climbs, causing concern among analysts
An annual survey by the National University of Singapore (NUS), Nanyang Technological University (NTU) and Singapore Management University (SMU) released on 26 Feb shows that the proportion of graduates who secured full-time permanent jobs has plummeted from 79.9 per cent in 2016 to 78.4 per cent in 2017.
The Independent Singapore

Singapore’s 2018 growth forecast gets an upgrade in MAS survey
Singapore economy watchers see stronger growth and fewer exports amid rising trade protectionism worries, compared with their views in December, according to a Monetary Authority of Singapore survey.
The Edge Market 

ASEAN civil society organisations meet in Singapore
About 50 leaders of civil society organisations (CSOs) from 10 ASEAN countries have attended the third ASEAN Forum, which opened on March 14 in Singapore, to discuss ways to build the ASEAN Community of political and economic connection and shared social responsibilities.
Vietnam Plus 

Motor insurance claims spike 12% as number of accidents rise to highest since 2008
The motor insurance industry saw its first underwriting loss in seven years in 2017, as an increase in private-hire cars and the use of personal mobility devices such as electronic scooters took its toll on accident rates.
Channel NewsAsia 

Global trade war biggest risk for Singapore, say economists
PRIVATE-SECTOR economists have flagged the threat of a global trade war as the biggest downside risk for Singapore’s economy, even as they raised their 2018 growth forecast for the second consecutive time.
The Business Times

Singtel Innov8, STT back $40m Series D in AI startup Moogsoft
Singtel Innov8, the venture capital arm of Singaporean telecom firm Singtel, and ST Telemedia (STT) have invested in the $40-million Series D funding round of US-based artificial intelligence for IT operations (AIOps) provider Moogsoft, bringing the firm’s total funding to $90 million.
DealStreetAsia

Donald Trump says China, Singapore have death penalty for drug dealers
President Donald Trump floated the idea of imposing the death penalty on drug dealers in the United States during his Pennsylvania rally, saying China and Singapore do it and they don’t have a drug problem.
Politifact 

Mandarin Gardens set for record en bloc sale with S$2.5 billion asking price
En bloc fever has reached a new high with an attempt by the owners of Mandarin Gardens condominium to engineer what is set to become Singapore’s largest collective sale.
Channel NewsAsia 

Updates to Singapore employment law in 2018 and 2019
It is without dispute that the Singapore employment landscape has been constantly adapting to keep up with global economic forces and the changing profile of local workforce.
Lexology

Adyen announces launch of unified commerce solution in Singapore
Adyen, the payments platform of choice for the world’s leading companies, today announced the launch of their unified commerce solution in Singapore.
Asia One 

Threat to Singapore’s social harmony from online falsehoods raised at Select Committee hearing
Online falsehoods, if left unchecked, have the potential to chip away at, destablise and ultimately destroy the social harmony Singapore has painstakingly nurtured over the past few decades, particularly between different races and religions.
Channel NewsAsia (video)

 

Feature photo Jakub Michankow

 

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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