Singapore morning news for November 19

Singapore morning news for November 19
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Singapore morning newsLatest profit misses trigger flurry of downgrades for Singapore stocks
A RASH of analyst downgrades rounds up the latest September-quarter corporate earnings parade, in which more companies fell short of the street’s growth forecasts and positive surprises grew rarer.
— The Business Times

Singapore boosts US ties on infrastructure, digital economy and cybersecurity
They will explore cooperation on standards development and technology partnerships.
— Singapore Business Review

First Asian ship fuelled by methanol may set sail from Singapore next year
THE first ship destined to operate in Asian waters using methanol, a fuel touted with greener potential than liquefied natural gas (LNG), is expected to set sail in Singapore late next year – that is, if a pilot project takes off as planned.
— The Business Times

Spotlight: Chinese premier pushes for free trade, S. China Sea code in Singapore visit
Chinese Premier Li Keqiang wrapped up his five-day trip to Singapore on Friday, during which he made a strong push for free trade, multilateralism and a code of conduct in the South China Sea.
— Xinhaunet News

Car dealer Wearnes pumps $35m into grand complex
Car dealer Wearnes is investing $35 million in an eight-storey multi-purpose complex at its Leng Kee Road premises that will offer a panoramic showroom of rare and vintage cars – the first of its kind in Singapore.
— Straits Times

EMs more open to new technology, innovations: Nielsen
WHILE many may assume that advanced economies in the Asia-Pacific region would be more receptive towards new innovations and technologies, a study by market researcher Nielsen suggests that the opposite holds true.
— The Business Times

Singapore inks intellectual property deal with Russia
This will allow Russian enterprises to explore IP growth markets in Asia.
— Singapore Business Review

Flurry of questions on hawker centres when Parliament sits on Monday
Hawker centres and food court operators will take centre stage when Parliament sits on Monday (Nov 19), with 21 questions filed on the topic by Members of Parliament (MPs).
— Today Online

Could Bitcoin Still Make You A Millionaire?
In the last five years, the bitcoin price has moved 35 times higher. In other words, in November 2013 it traded at around $200, while today it is priced at around $7,000. Investors buying the cryptocurrency five years ago would therefore have made significant levels of profit.
— Motley Fool sg

Forget Bitcoin! I Think Artificial Intelligence Could Be The Next Big Growth Sector
As ever, investors are always looking for the next big thing. In the last couple of years, there has been a considerable amount of interest in bitcoin.
– Motley Fool sg

Singapore October exports up 8.3%, exceeds expectations
Singapore’s exports growth picked up the annual pace in October and handily beat forecasts, thanks to a continued surge in pharmaceutical shipments though the key electronics sector contracted again, official data showed on Friday (Nov 16).
— Today Online

TADA Taxi app kicks off in Singapore
It will have an instant cashout system for drivers.
— Singapore Business Review

Tada ride-hailing app offering 50% cheaper rides by suddenly attracting 19,000 drivers in S’pore
Tada, a three-month old ride-hailing app, has been touted as the next best ride-hailing app by Today.
— Mothership

Go-Jek to launch beta version of app in Singapore in December
Indonesia’s ride-hailing and payments unicorn Go-Jek will launch the beta version of its app in Singapore before Christmas.
— Deal Street Asia

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.
— AEC News Today / PR Newswire (media release)

Startup contest launched by blockchain funding platform
Global blockchain funding platform Dsion has launched its inaugural startup contest in Singapore. Called the Dsion Startup Challenge Singapore 2018, the South Korean firm has put $20,000 up for grabs to all entrepreneurs and startups from all industries.
— Yahoo News

Changi Airport tarmac flooded? Nah, video was taken in Mexico in 2017
A video showing a flooded airport tarmac has been circulating online and is said to have occurred in Singapore — but it was actually filmed in Mexico last year.
— Stomp (StraitsTimes)

Singapore invests in “smart urban estates”
Singapore is driving the development of smart districts and smart urban estates which will be enabled to operate and consume energy more efficiently.
— Investvine

‘Can’t wait until it’s too late’: Wildlife Reserves Singapore ramps up breeding efforts for endangered species
To help some of its vulnerable species reproduce, including the giant panda and the clouded leopard, the WRS veterinary team conducts semen collection and assessed their reproductive tracts.
— Channel News Asia

A health issue for the future? Pharmaceutical Society of Singapore raises alarm on antibiotic resistance
As a General Practioner (GP) with 20 years’ experience, Dr Lye Tong Fong has met all types of patients. Among them are those who demand antibiotics even when they are not needed or effective.
— Channel News Asia

From a kampung shed, how a family fishball empire was built on automation
The founders of the DoDo brand, now a household name in Singapore, have transformed the simple and much-loved fish ball into a multimillion dollar enterprise.
— CNA Insider

Campaign at NUS to ban plastic straws hits road bumps as some students object to how it was run
An initiative to ban plastic straws at the National University of Singapore (NUS) was meant to be a move towards environmental sustainability – but for some students, it was tough to swallow.
— Straits Times

Singapore wins Smart City of 2018 award
Singapore has been named the Smart City of 2018 at the Smart City Expo World Congress in Barcelona this week.
— Gov Insider

Singapore to collaborate with Canada, US on cybersecurity
Singapore has inked partnership agreements with Canada and the US that encompass data sharing as well as joint technical certification programmes and capacity building initiatives.
— ZD Net

Golden Agri’s 6% output growth trailing behind peers and industry: analyst
The firm’s ‘floating rate’ borrowings also pose a threat to its earnings.
— Singapore Business Review

Cash strapped because retirement funds spent on chasing after the illusion of property ownership
I was chatting to a British friend of mine recently. He had just visited Singapore and sang glowing praises of how wonderful and rich the city state was. Commenting on how new and gleaming all the buildings were, he was under the impression that everyone was rich or at least middle classed in Singapore.
— The Online Citizen

Senoko Energy hits over 1,000 signups in first phase launch of open electricity market
They are offering two fixed price plans for 24 and 12 months.
— Singapore Business Review

Singapore’s Energy Market Company to help firms pick electricity retailer in 15 minutes
It launched a procurement portal, PowerSelect, which also houses electricity futures data.
— Singapore Business Review

Looking beyond quarterly fluctuations in ST Engineering’s growth story
ST Engineering’s latest third-quarter results have shown improvements in profitability in three of its four key business units of aerospace, electronics, land systems and marine.
— The Edge

Singapore geared to produce next unicorn: study
6 in 10 CEOs think that Singapore has macroeconomic strength as well as a talent pool.
— Singapore Business Review

Singapore: EY acquires Adelphi to boost digital consultancy practice
Professional services firm EY announced that it has acquired Australia and Singapore-based digital consulting practice Adelphi Digital Consulting Group to further strengthen its digital capability and resources, it said in a statement.
— Deal Street Asia

Daily Markets Briefing: STI up 0.37%
Wall Street’s gains could uplift the local bourse today.
— Singapore Business Review

Keppel Infrastructure Trust to buy Australian chemical firm Ixom for $775m
It will allow Keppel to gain a foothold in the water treatment sector.
— Singapore Business Review

Singapore to spend $10M on new urban technology
Singapore has earmarked S$14 million (US$10.19 million) to drive the development of smart urban estates that can operate and consume energy more efficiently.
— ZD Net

Inspiring: From yummy burgers, Singapore-USA bonding gets stronger
Even famous New York burger chain Shake Shack will open its first outlet here at Jewel Changi Airport as Singapore was branded as an “inspiration” by visiting United States Vice President Mike Pence.
— The Independent

MindChamps, the Singapore pre-school operator, moving into China soon
Singapore pre-school operator MindChamps is making a foray into China, where it is in talks to take over a handful of pre-schools in the Chinese capital.
— The Straits Times

Ministers set to be questioned on recent SAF training accidents and impending sale of Kopitiam to NTUC Enterprise
Besides several questions pertaining to the issues hawkers face at the Social Enterprise Hawker Centres (SEHCs), Ministers are set to answer questions on the recent Singapore Armed Forces (SAF) and the impending sale of Kopitiam to NTUC Enterprise, among other questions, when Parliament convenes on Monday (19 Nov).
— The Independent

Continental And EasyMile Inaugurate New Autonomous Driving R&D Team In Singapore
Germany automotive component maker Continental has announced that the company will be commencing work on driverless mobility solutions with French autonomous vehicle technology company EasyMile.
— Car and Bike


Feature photo Womens Action

This week’s Singapore morning news feature photo acknowledges International Day for the Elimination of Violence against Women November 25


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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