Singapore Morning News For May 2

Facial recognition to be used at Singapore airport
Singapore’s Changi airport is testing a facial recognition system it hopes will speed passengers through the facility.
— BBC

Singapore’s economy to grow by 1.5-3.5 pct on year in 2018: PM
Singapore’s Prime Minister Lee Hsien Loong said the city-state’s economic growth will be 1.5-3.5 percent for the whole year of 2018, while delivering his 2018 May Day Rally speech on Tuesday.
— Xinhua Net

Responsibility of new generation is to renew Singapore: PM Lee at May Day Rally
It is the responsibility of the new generation of Singaporeans to renew the country and create fresh possibilities and frontiers, said Prime Minister Lee Hsien Loong on Tuesday (May 1) at the annual May Day Rally.
— Channel NewsAsia

S$200m raised to subsidise worker training: Chan
THE labour movement has injected its targeted S$200 million into a fund that helps subsidise training for union members, outgoing National Trades Union Congress (NTUC) secretary-general Chan Chun Sing said at the May Day Rally on Tuesday.
— The Business Times

Rising Singapore demand creates opportunity for hotel development
Singapore’s new hotel supply growth is forecast to slow down between 2018 and 2019, despite the growing number of tourists to the country, according to a Colliers International report.
— Hotel Management

Exclusive: RE Lee Capital to raise $100m for emerging tech funds
Singapore-based asset management firm RE Lee Capital, which caters to Asian high net-worth individuals (HNIs) and business families, is targeting to mop up $100 million for three new funds it is set to launch within a month.
— DealStreetAsia

Alstom lands deal to boost Singapore rail network
FRENCH firm Alstom has won a contract to supply 17 MRT trains to Singapore, increasing the capacity of the city state’s North East Line and Circle Line
— The Nation

Labour chief Chan Chun Sing: Labour Movement must remain representative and relevant
During his May Day address, labour chief Chan Chun Sing talked about the Labour Movement’s looking forward and importance in remaining “representative and relevant”.
— The Independent Singapore

Commentary: Hasten thaw on the Korean Peninsula? Singapore and Southeast Asia have roles to play
According to rumours, Singapore might play host to the planned summit between Pyongyang and Washington.
— Channel NewsAsia

More VCs in SE Asia to bet on deep tech, say 500 Startups, Wavemaker
The next few years are going to see more venture capital (VC) firms in Southeast Asia channel funds into deep tech, according to prominent industry players.
— DealStreetAsia

Commentary: What a tech education today for a digital workforce tomorrow looks like
Technology is revolutionising the economy so rapidly that we can no longer predict what the jobs of the future will look like.
— Channel NewsAsia

A micro-spectroscopy technique to sieve out the fake from the real
A SCIENTIFIC equipment trade show may be an odd place to learn that the diamond necklace you are wearing and are so proud of, is fake. Yet, it’s where one visitor found out – and the person who detected it was businessman Tok Wee Lee.
— The Business Times

PUB to produce solar power at Bedok, Lower Seletar reservoirs for operations
PUB announced on Monday (Apr 30) that it has called a tender to conduct engineering studies for the deployment of floating solar photovoltaic (PV) systems in Bedok Reservoir and Lower Seletar Reservoir.
— Channel NewsAsia (video)

What workers face: trade war, tech disruption, leadership change
Three big disruptions facing the labour movement were outlined at yesterday’s May Day Rally – each closer to home than the previous, but all with great potential to complicate the worker’s situation.
— The Straits Times

EXXONMOBIL MASS FLOW METERING COULD CUT BUNKERING TIMES IN SINGAPORE
The first barge deliveries will begin in in May 2018 ahead of the mandate deadline. The launch follows the successful trials ahead of Singapore’s deadline for mass flow metering system deliveries for all distillate fuels.
— The Motorship

Banking gains push Singapore market cap higher in April
LARGE gains in banking stocks pushed total market value of all Singapore stocks higher in April as trade war fears subside.
— The Business Times

When happens when there is a death in National Service? A Committee of Inquiry is mandatory.
Private Dave Lee Han Xuan displayed signs of heat injury just after he completed an 8km fast march at Bedok Camp.
— Mothership

New unions to be set up in new economic sectors: Chan Chun Sing
New unions will be set up in new sectors of the economy to broaden the Labour Movement’s outreach to workers and spur industry transformation, said Mr Chan Chun Sing on Tuesday (May 1) in his final May Day Rally speech as secretary-general of the National Trades Union Congress (NTUC).
— Today Online

Experts offer tips on how business owners can move ahead
AS the economy shows signs of languidly picking up amid prevailing challenges and uncertainties, what can business owners do to move ahead?
— The Business Times

Liver cancer drug analysis time shortened with new programme
Several Singapore research institutions, along with South Korea’s Samsung Medical Centre, have now come up with a programme that could cut this waiting time to just three or four weeks – which may prove to be a lifesaver for some patients.
— The New Paper

Singapore Airlines removes peanuts from list of complimentary on-board snacks
Peanuts will no longer be served as complimentary snacks to passengers in all of Singapore Airlines’ (SIA) cabin classes.
— Business Insider

Feature photo Katja Maasing

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 May 2 added by Leakhena Khat on May 2, 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.