Singapore Morning News For May 7

The Trump-Kim summit will reportedly take place in Singapore in June
The US and North Korean leaders are likely to meet in Singapore in mid-June, according to South Korean media reports, as tensions ease on the Korean peninsula following the first inter-Korean summit in over a decade.
— Business Insider

The cheapest and most expensive areas to live in Singapore
Singapore is recognised as an exceptionally expensive city, especially when it comes to price of cars and properties.
— Asia One

MAS warns of rising number of phishing scams targeting bank accounts
The Monetary Authority of Singapore (MAS) has advised consumers to “exercise utmost caution” when dealing with emails requesting for sensitive information associated with their bank accounts.
— Channel NewsAsia

NUS engineers invent BATLESS microchip that helps IoT devices achieve battery indifference
The National University of Singapore (NUS) announced that NUS Associate Professor Massimo Alioto and his team of engineers have invented a new smart microchip that can self-start and continue to operate even when the battery runs out of energy.
— Open Gov Asia

Kuala Lumpur to Singapore tops the list of the world’s busiest international flight routes
Missed your flight from Kuala Lumpur to Singapore? Don’t fret — another plane isn’t far behind.
— CNBC

Singaporean diver missing at sea, Maritime authorities continue search
A commercial diver has been missing at sea since Saturday and Maritime authorities have not ceased their search since.
— The Independent Singapore

Being open to talent key to Singapore’s success, says official
Talent will play an increasingly important part in directing Singapore’s next phase of growth to become an innovation-driven economy, Trade and Industry Minister Chan Chun Sing said yesterday.
— Inquirer.Net

Number of live kidney donors in Singapore remains low: NKF
Only 40 live kidney transplants were performed last year and this is worrying, says the National Kidney Foundation, given that five new cases of kidney failure emerge every day.
— Channel NewsAsia (video)

Temasek in talks to acquire stake in India’s Pine Labs for up to $400m
Singapore government-owned sovereign fund Temasek Holdings Pvt. Ltd plans to acquire a significant minority stake in digital payments platform Pine Labs for $350-400 million, two people aware of the development said.
— DealStreetAsia

4 ways for budget travellers to get free accommodation in Singapore
So you’re thinking of visiting Singapore, but you can’t help but cringe at the prices, which look astronomical next to those in neighbouring countries like Malaysia, Thailand and Indonesia.
— Asia One

Households consuming 17% more electricity than a decade ago
Four in five Singapore households are motivated to save energy if they can save money, according to a 2017 National Environment Agency (NEA) study released on Saturday (May 5).
— Channel NewsAsia

Singapore Business Council in Qatar Launched
The Singapore Business Council in Qatar (SBCQ) was launched at the Singapore Embassy in Qatar under the patronage of Singapore ambassador Jai S Sohan.
— Gulf Times

Singapore-based company’s smart city solution to be rolled out across 10 towns in China
The IMDA accredited company’s solution will enable cities to operate and manage themselves seamlessly, from enforcing security to ensuring power stability as well as maintaining and automating services and infrastructure.
— Open Gov Asia

President’s Address to set out Government’s priorities and plans
President Halimah Yacob will deliver her inaugural address tonight and set out the Government’s priorities and plans for the remainder of the current term of office.
— The New Paper

What can Pakistan learn from Singapore?
It’s my third year in Singapore and every day I witness and appreciate the achievements of this small city-state and ponder what could policymakers in Pakistan learn from the success of this country.
— Daily Times

Music sales in Singapore hit $27.9 million in 2017, highest in over half a decade
Music sales in Singapore have continued to climb, achieving the highest numbers in over half a decade – despite listeners increasingly opting not to buy music.
— The Straits Times

Competing in Singapore’s private-hire car market
With Uber set to leave Singapore for good on Monday (May 7), new players are already eager to fill up the space it leaves behind. But in an increasingly cut-throat industry, what will it take for them to survive?
— Channel NewsAsia (video)

5 top office Reits deliver minus 3.2% return in 2018
THE five largest office real estate investment trusts (Reits) on the local bourse with assets in Singapore have brought home an average negative total return of 3.2 per cent year-to-date as of May 3.
— The Business Times

Ban on feeding of wild animals and birds in the works
The feeding of wild animals and birds could soon be banned here, should Member of Parliament (MP) Louis Ng’s tentative proposed amendments to the Wild Animals and Birds Act be passed in Parliament.
— Today Online

Card offering mobile, transport, e-banking deals for maids to be launched
New foreign domestic workers will be able to opt for a membership card offering mobile, transport and e-banking deals and services from September, the Centre for Domestic Employees announced on Sunday (May 6).
— Channel NewsAsia (video)

More soured loans in South-east Asia to whet appetite of private investors
THE stacking pile of distressed debt in South-east Asia could lure more private investors to circle the region for alternative assets, consultants told The Business Times.
— The Business Times

South Korean suspect nabbed after tricking store, telcos to get S$100,000 worth of gadgets
For more than a month, a 36-year-old South Korean man allegedly went on a cheating spree in Singapore, looting more than 60 Apple products and other electronic devices worth close to S$100,000 by using bogus email addresses and fake identities.
— Today Online

Hobbyists, experts voice support for changes to drone regulations
The changes will boost the public’s confidence and encourage them to make use of services involving the use of drones, says one industry player.
— Channel NewsAsia (video)

Three dengue-related deaths reported in Jurong West cluster
Three people who lived in a dengue cluster at Jurong West — the largest so far this year — have died in the past three weeks, the Ministry of Health (MOH) and the National Environment Agency (NEA) said in a press release on Saturday (May 5).
— Today Online

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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 7 added by Leakhena Khat on May 7, 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.