Singapore morning news for November 16

Singapore morning news for November 16

Singapore morning newsNUS enters global top 10: graduates the most employable in Asean
Graduates from the National University of Singapore (NUS) are the most employable in Asean, says a global report released today (Nov 15).
— AEC News Today

Singapore snaps up lion’s share of ASEAN fintech funding at US$222m in January-October 2018
Firms specialising in SME financing and wealth management services lured significant investor interest.
— Singapore Business Review

MVL Foundation unveils cab-booking app TADA Taxi
MVL Foundation, the Singapore-based company behind blockchain-based ride-hailing app TADA, on Thursday launched TADA Taxi.
— The Business Times

Singapore best prepared city in Asia to manage a crisis
As the saying goes, it pays to be prepared, and Singapore takes top spot in that regard, according to a new report from Cushman & Wakefield Inc.
— The Edge

Singapore Fears Asean May Need to Choose Between U.S., China
Singaporean Prime Minister Lee Hsien Loong warned that Southeast Asian nations may one day have to choose between the U.S. and China, as concerns deepen about a Cold War-style conflict between the world’s biggest economies.
— Bloomberg

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Japan to seek expanded trade deal with New Zealand, Singapore
Japan agreed Thursday with New Zealand and Singapore to work toward an expanded trans-Pacific free trade pact once it enters into force by year-end.
– The Mainichi

Singapore gets top accolade at Smart City Expo World Congress
Singapore has been named Smart City of 2018 at Smart City Expo World Congress held in Barcelona.
— The Business Times

Russian sovereign wealth fund courts more Singapore investors
RUSSIA is about to embark on an infrastructure spending programme worth US$100 billion, and the head of the country’s dynamic sovereign wealth fund is eager to have more Singapore companies tap some of these lucrative opportunities.
— The Business Times

Crypterium partners with Liquid Pay to pilot instant crypto-to-fiat QR payments in Singapore.
Fintech start-up Crypterium and mobile payments company Liquid Group are working together to expand the practical use of cryptocurrencies. The partnership will enable Crypterium App users to make instant crypto-to-fiat payments via QR codes at merchants.
— AEC News Today / PR Newswire (media release)

Singapore, China to collaborate on fintech innovations, regulating derivative trades
Two agreements penned between financial agencies will pave the way for China and Singapore to collaborate on fintech innovations and cross-border supervision of futures exchanges and intermediaries.
— Straits Times

Man jailed and fined for importing 4,560 sachets of chewing tobacco
A 41-year-old man was jailed and fined on Thursday (Nov 15) for bringing 4,560 sachets of chewing tobacco into Singapore last year.
— Straits Times

Record $7.4b spent on sports bets, lotteries
A record $7.4 billion was wagered on lotteries, such as 4-D and Toto, and sports bets in the Tote Board’s last financial year, the highest sum in almost a decade.
— Straits Times

Commentary: Two small countries can be big players on the financial services stage
Collaboration between Singapore and New Zealand in the technology space will make both nations big players in the financial services world, says one observer.
— Channel News Asia

States Times Review founder still reaching S’poreans via new Singapore Herald website
Alex Tan, the founder of the States Times Review website, was supposed to have his online reach in Singapore curtailed.
— Mothership

CreditEase founder and CEO Ning Tang appointed by the Singapore government as Fintech Advisor
Invited by Singapore Government, Ning Tang, Founder & CEO of CreditEase, sat on the Government’s International Technology Advisory Panel (ITAP) from November 2018.
— AEC News Today / PR Newswire (media release)

AMKTC corruption trial: Defence lawyer exposes gaps in business partner’s knowledge of alleged dealings
The lawyer of a former Ang Mo Kio Town Council (AMKTC) general manager who is on trial for taking bribes on Thursday (Nov 15) sought to uncover gaps in the prosecution’s prime witness’ knowledge of the alleged corrupt dealings.
— Today online

Singapore marks 100th anniversary of the Armistice
Approximately 1,800 members of the public, the diplomatic corps, the UK and Singapore military, religious groups and students attended the annual Remembrance Day service at the Kranji War Cemetery.

India urged to join Asean in push for RCEP next year
Prime Minister Lee Hsien Loong yesterday urged India to join Asean in a push to create the Regional Comprehensive Economic Partnership (RCEP) – the world’s largest free trade area – next year.
— Straits Times

‘I’ve given up everything’: What To Eat delivery service owner admits unable to pay F&B outlets
Mr Benson Lo said his beleaguered company owes multiple food and beverage outlets hundreds of thousands of dollars for food delivered through the service.
— Channel News Asia

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Watch: Where does all your rubbish go?
Singapore generated 8,443 tonnes of solid waste every day last year.
— Straits Times

Thailand assumes Asean chairmanship amid challenges
After a decade, the symbolic gavel of the Asean chairmanship has been turned over again from Singapore to Thailand.
— Straits Times

China not abolishing ban on tiger & rhino parts trade for now
Many large mammals are on the verge of extinction in the wild.
— Mothership

Snakes found in canals at St George’s Road and Jurong East
Stomper R and Stomper Bee Ping came across a snake in Jurong East and St George’s Road in two separate incidents
— Stomp (StraitsTimes)

How we built a data-driven hospital
With the challenge of an ageing population looming over Singapore and the rest of Asia, the shift is now towards a ‘patient centric’ model.
— Gov Insider

Cheaper oil helps trim bearish bets against Asian currencies: Reuters poll
Bearish bets on most Asian currencies slackened over the last two weeks, a Reuters poll showed, as a plunge in oil prices benefited the region’s major crude importers, India and to a lesser extent Indonesia and the Philippines.
— Reuters

Cryptocurrency miner Canaan lets Hong Kong IPO application lapse as bitcoin falls to lowest level in a year
Canaan Inc, one of the world’s leading cryptocurrency mining equipment makers, has let its application for a Hong Kong IPO of at least US$400 million lapse, casting doubt on the prospects for other Chinese makers of bitcoin mining gear.
— Straits Times

Bedok Jetty sees 6-minute epic tussle between angler & eagle ray
Bedok Jetty is a popular fishing spot for anglers.
However, it still takes some patience and luck to land a big catch.
— Mothership

From socks to handwave: Some light-hearted moments from Asean Summit
Amid the hustle and bustle of this week’s Asean summits and related meetings, there are not short of light-hearted moments among leaders, officials and media professionals. We highlight some of them.
— Straits Times

Grab to offer instant remittance overseas from early 2019
Riding on its vision to build the Asean e-wallet of choice, Grab on Thursday (Nov 15) announced a remittance offering that will allow both banked and unbanked users to remit money instantly and securely to receivers in another country using their GrabPay wallets.
— Straits Times

Go-Jek’s beta app to launch in S’pore before Christmas
Ride-hailing firm Go-Jek is expected to deliver an early Christmas present to Singapore, as it confirmed on Wednesday (Nov 14) that selected commuters will be able to start booking rides with its beta mobile application before year-end.
— Today Online

Asean Plus Three nations issue statement on combating antimicrobial resistance
With memories of the 2003 Sars outbreak still fresh, Asean and three regional partners – China, South Korea and Japan – have taken another step towards safeguarding healthcare in the area.
— Straits Times

Retail rents in hyper-expensive Singapore are still cheaper than Hong Kong
Leasing costs are at US$308 psf per year.
— Singapore Business Review

Money FM podcast: Influence – Cryptocurrency explained by financial trader Leng Hoe Lon
In this Money FM podcast, financial trader Leng Hoe Lon tells you all you need to understand about blockchain and cryptocurrency.
– Straits Times

New private home sales almost halved in October: URA
Demand for new private homes shrank by almost half in October from September with last month seeing only one small project launched.
— Straits Times

ST Engineering positions for growth as aerospace unit takes flight
Aerospace sales are poised to grow by 26.2% in 2019
— Singapore Business Review

Rite of consecration of the foundation stone for a Russian orthodox church held in Singapore
The management of PhosAgro Group took part in the rite of consecration of the foundation stone of a Russian Orthodox church and a Russian cultural centre in Singapore.
— AEC News Today/ PR Newswire (media release)

Asean ‘indispensable, irreplaceable’ partner: US vice-president Pence
The Association of South-east Asian Nations (Asean) is an “indispensable and irreplaceable strategic partner” of the United States, and is central to the superpower’s vision for the region, said US Vice-President Mike Pence.
— Today Singapore

PM Lee to attend China’s 2nd OBOR forum in 2019
Singapore prime minister Lee Hsien Long has been invited, and will attend, China’s second Belt and Road Forum for International Cooperation in 2019.
— The Edge

Jetstar Asia joins SIA, Scoot to end auto-inclusion of travel insurance in online bookings
Jetstar Asia Airways and Scoot Tigerair have joined Singapore Airlines (SIA) in agreeing to stop pre-selecting travel insurance for consumers, after the Consumers Association of Singapore (Case) engaged the three airlines to be more transparent in their ticket pricing and booking process.
— Straits Times

Duterte defends need to ‘power nap’ after summit no-shows
Philippine President Rodrigo Duterte on Thursday (Nov 15) made light of his penchant for daytime dozes after his office said power naps had caused the gruff leader to miss a number of key meetings at a Singapore summit.
— Straits Times

MAS mulls new fintech sandbox with faster approvals
Approval decisions for applications will be granted within 21 days
— Singapore Business Review

Cryptocurrency platform KuCoin raises US$20m in Series A funding
Singapore-based cryptocurrency platform KuCoin has raised US$20 million (S$27.5 million) in a Series A round of financing led by global venture capitalists including IDG Capital, Matrix Partners and Neo Global Capital, KuCoin announced on Thursday.
— Straits Times

Energy Market Company launches portal to help Singapore firms source for best electricity deals
A new electricity procurement portal launched by Singapore Exchange-backed Energy Market Company (EMC) has enabled one business to shave thousands off its electricity bills.
— Straits Times

PM Lee & Putin reaffirm “long-standing friendship” between S’pore & Russia
Prime Minister Lee Hsien Loong and Russian President Vladimir Putin reaffirmed the “broad-based and long-standing friendship” between the two countries on Wednesday (Nov. 14).
— Mothership

Singapore – telecoms, mobile and broadband – statistics and analyses
Singapore has developed the status of a world leader in telecommunications through the building of a high-quality network and an extremely progressive regulatory environment for the local telecommunications sector.
— Benzinga (press release)

What happens when you cross a polo match with a music festival? You get Urban Polo
Expect hot studs, cool DJs and all-round merrymaking at the inaugural Urban Polo event happening in Feb 2019.
— CNA Lifestyle


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.


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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.

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