Singapore morning news for November 12

Changi Airport’s $323 million T1 upgrade ‘85% complete’
New check-in counters, baggage belts, carpets and floor tiles are in place at Changi Airport’s Terminal 1, where renovation work is 85 per cent complete.
— Straits Times

Facebook refuses Singapore request to remove post after critical website blocked
Facebook has rejected a Singapore government request to remove a post of an online article that the government said was “false and malicious”, prompting its Law Ministry to say the case illustrated the need to introduce legislation to stop fake news.
— Reuters

BlockShow Asia returning to Singapore (video)
Whether you are confused, bemused, or enthused by blockchain technology, Singapore is the only place to be later this month to uncover all of its possibilities, applications and direction.
— AEC News Today

Travellers at Changi may face delays, with many leaders flying in
Travellers at Changi Airport may encounter some delays as key Asean and global leaders fly into town for the 33rd Asean Summit and related meetings this week.
— Straits Times

M’sia PM Mahathir Mohamad will visit S’pore for Asean Summit
According to a statement from the Ministry of Communications and Information, Mahathir will be in Singapore from Nov. 11 to Nov. 13 for his official visit.
— Mothership

Big test awaits 4G leaders as next GE nears
THERE is still quite some time to go until the next general election (GE) in Singapore, but it’s safe to say the wheels are already in motion for the big day as the country gears up for only its third leadership transition since independence.
— The Business Times

Waste management: Singapore builds an island of hope from trash (video)
Singapore may be one of the world’s smallest countries, but each day it is growing a little bigger thanks to its ingenious method of trash management and disposal.
— AEC News Today

MAS, SGX leverage blockchain tech to settle tokenised assets
THE Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) have developed Delivery versus Payment (DvP) capabilities to settle tokenised assets across different blockchain platforms.
— The Business Times

Blockchain Crowdfund Platform Launches Revolutionary Break and Return Insurance
As shock protection, Coinchase, a new blockchain crowdfunding platform that bills itself as a “community-focused platform” in the spirit of Kickstarter and Indiegogo, has announced Break and Return Insurance for users who participate in the crowdfunding of its projects.
— AEC News Today/ PR Newswire (media release)

Remembrance Day marked in Singapore to mark a century since World War I ended
The chimes of a single bell echoed across Kranji War Cemetery yesterday morning at a Remembrance Day service to mark a century since World War I ended on Nov 11, 1918.
— Straits Times

Diabetes drug offers significant protection against heart failure: Study
A diabetes drug sold here could lead to a better quality of life for the 450,000 diabetics in Singapore, after it was found to significantly protect against heart failure.
— Straits Times

Massive security operation for Asean Summit
About 5,000 Singapore Police Force (SPF) officers are joining a massive security operation to guard the 33rd Asean Summit, which is taking place at Suntec Singapore convention centre this week.
— Straits Times

The ‘Iceman’ cometh: Jeffrey Ng loves creating art with ice blocks, even though they melt fast here
Call him The Iceman, tropical Singapore’s least likely artist, but certainly the coolest, in every sense of the word.
— Straits Times

The harsh realities behind the rising sugar cane prices in Singapore
With bad weather, small farms in danger of closing, larger ones downsizing and suppliers calling it quits, might Singaporeans even have to go without the popular juice? The series For Food’s Sake investigates.
— Channel News Asia

FCO Minister to visit Singapore, Hong Kong and Vietnam
FCO Minister of State for Asia and the Pacific, the Rt Hon Mark Field MP, arrives in Singapore on the first stop of a visit that includes Hong Kong and Vietnam.
— AEC News Today/ PR Newswire (media release)

Reflecting on culture of capitalism as former Goldman Sachs executives charged
Lloyd Blankfein, who stepped down as CEO of Goldman Sachs at the end of September, once said in an interview with London’s The Sunday Times that banks serve a social purpose and are doing “God’s work”. The way Blankfein saw it, “We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth.”
— The Edge

Demo Day Showcases Five Startups Set to Disrupt the Energy Sector
In partnership with Energy Market Authority and NUS Enterprise, Shell IdeaRefinery hosted an invite-only Demo Day to conclude Shell IdeaRefinery Pivot, a 10-week accelerator programme.
— AEC News Today/ PR Newswire (media release)

PAP’s 2018 CEC election: More 4G than 3G leaders, more women & comebacks
The party conference was over fairly quickly by afternoon, but the implications of what went down will be felt in time to come.
— Mothership

PAP leadership overhaul: New team at the top but it remains to be seen if they bring a new ‘political style’, say analysts
With almost a third of the People’s Action Party’s (PAP) Central Executive Committee (CEC) making way for new blood, leadership renewal within the ruling party is in overdrive, said political analysts who expect the fourth generation leadership to take up most of the key positions left vacant.
— Today Singapore

Flash floods hit Bukit Batok and Choa Chu Kang during intense rain
Flash floods were reported in various parts of Singapore during heavy rain on Saturday evening (Nov 10).
— Stomp (StraitsTimes)

PAP CEC election 2018: Who’s in, who’s out
n addition to a prize-giving ceremony, the election of the party’s Central Executive Committee (CEC) was held, with some surprises.
— Mothership

ASEAN Summit: Police Coast Guard beef up border security with coastal surveillance cameras
The Singapore Police Force said on Sunday (Nov 11) that it has completed the installation of all 314 Coastal surveillance cameras along its coastline as part of measures in its security operations for the ASEAN Summit.
— Channel News Asia

Putin is coming to S’pore for the first time. Here’s why.
He will be meeting PM Lee Hsien Loong and also call on President Halimah Yacob.
— Mothership

Calls for open trade to greet Pence as Trump skips Asia summit
Notably absent when regional powers such as China, Japan and India seek to enlist support for a multilateral trading system will be U.S. President Donald Trump, whose decision to skip the Asia summit has raised questions about his commitment to a regional strategy aimed at checking China’s rise.
— Reuters

Singapore bank loan growth to slow to 3% in 2019
Trade tensions and higher interest rates will dampen borrowing.
— Singapore Business Review

S‘pore to host Asean Summit from Nov 11 to 15, prepares to hand over chair to Thailand
The Republic will host the Association of South-east Asian Nations (Asean) Summit and related meetings from Sunday (Nov 11) to Thursday, as the country prepares to hand over the regional grouping’s rotating chairmanship to Thailand.
— Today Singapore

Right timing: Index stays near resistance, short term cycle still upwards
The Straits Times Index approached its declining 50-day moving average when the moving average was at 3,141 and the index closed at 3,116 on Nov 2. However, the STI has since retreated. The 50-day moving average is currently at 3,131. Quarterly momentum has faded somewhat. It remains in negative territory, and could ease from its current level.
— The Edge

FCO Minister to visit Singapore, Hong Kong and Vietnam
FCO Minister of State for Asia and the Pacific, the Rt Hon Mark Field MP, arrives in Singapore on the first stop of a visit that includes Hong Kong and Vietnam.
— AEC News Today/ PR Newswire (media release)

Butterfly effect: Low EU river stirs fuel market 10,000 km away in Singapore
Low water levels on the Rhine river have caused a fuel supply deficit in parts of Europe’s industrial heartlands that is sucking up cargoes from more than 10,000 km away in Singapore.
— Reuters

Singapore has achieved far more than anticipated, says Dr Balakrishnan

As ASEAN Chair, Singapore has achieved far more than anticipated, sai Foreign Affairs Minister Vivian Balakrishnan.
— Channel News Asia

Feature photo National Heathcare Group

This week’s Singapore morning news feature photo acknowledges World Diabetes Day, November 14.

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 November 12 added by Mark Roy on November 12, 2018
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Mark Roy

With a decade of experience as an editor and journalist, Roy has edited mastheads across Australia and Southeast Asia, from the remote island communities of the Torres Strait to Cambodia’s only award-winning newspaper, The Phnom Penh Post.

A a professional photographer since the days of film, he holds a Bachelor of Arts in Photomedia and a Postgraduate Diploma in Journalism.