Singapore morning news for October 1

Singapore morning news for October 1
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Singapore morning newsFull opening of electricity market in Singapore to fire up competition: What will retailers do?
Electricity retailers will likely try to outdo each other based on price and other promotions but in the long run, differentiation by service and innovation will be key, experts say.
Channel NewsAsia

Singapore’s IIX leads $1.66m Series A in Bangladesh solar energy firm SOLShare
Singapore-based IIX Growth Fund has anchored a $1.66-million Series A round in SOLshare, a Bangladeshi off-grid solar energy firm that seeks to increase clean energy for over 19,000 households in the country.
Dealstreet Asia

Singapore investors lining up projects for PD, says Anwar
Anwar Ibrahim promised to develop Port Dickson, alluding to investment from Singapore, in the first full day of campaigning for the seaside parliamentary seat today.
The Malaysian Insight

Not if but when 377A will be repealed, says Singapore movement against anti-gay law
Leaders of the “Ready4Repeal” petition are urging gay and straight people alike to speak up and encourage MPs to support their cause.
Channel NewsAsia

Singapore’s cosmetics player Luxasia picks majority in Pacific SMM
Singapore-based fragrance and cosmetics distributor Luxasia has taken a majority stake in Pacific SMM to expand its reach in the Australia and New Zealand, according to an announcement.
DealStreet Asia

Capital Fund Management S.A. Buys Shares of 42,700 iShares MSCI Singapore ETF (EWS)
Capital Fund Management S.A. acquired a new stake in iShares MSCI Singapore ETF (NYSEARCA:EWS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
X News Press

Singapore news outlet calls out Umno leader for spreading fake news on Anwar
A Singapore news outlet has called out an Umno leader for allegedly spreading fake news about PKR president-elect Datuk Seri Anwar Ibrahim.
The Star

Narrow escape: The Singaporean man who survived the Indonesia quake-tsunami
A Singaporean on a paragliding trip to Indonesia found himself caught in the middle of the devastating quake-tsunami that hit the island of Sulawesi on Friday (Sep 28).
– Channel NewsAsia

Palu Quake: Singapore Leaders Send Condolences, Offer Help
Singapore leaders have written to Indonesia`s President Joko Widodo to offer their condolences over the recent earthquakes and tsunami that struck Palu, central Sulawesi.
– Tempo

VWO plans to conduct a study on Singapore’s low fertility rate
Voluntary welfare organisation I Love Children (ILC) on Sunday (Sept 30) announced plans to conduct a study on Singapore’s low total fertility rate.
Straits Times

Man jumps into Rochor Canal to flee police after allegedly harassing churchgoers
A 26-year-old man was arrested on Saturday (Sept 29) for allegedly harassing members of the Church of Our Lady of Lourdes in Ophir Road.
– Straits Times

7 of 14 teenagers arrested at Singapore Boys Home charged with rioting: MSF
Seven of the fourteen residents of the Singapore Boys’ Home, who were arrested on Friday evening, have been charged with rioting according to Minister for Social and Family Development Desmond Lee.
The Independent

Singapore’s FM calls for rules-based order
Singapore’s Foreign Minister Vivian Balakrishnan stressed that creating a world with rules-based order is to preventing small states from ceasing to exist.

Man arrested in Singapore over counterfeit luxury watches: police
A man has been arrested on suspicion of being involved in the online sale of counterfeit luxury watches and accessories, the police said in a press release on Saturday (29 September).
– Yahoo News

SG: DeClout Ventures makes maiden investment in video analytics firm Vi Dimensions
DeClout Ventures, the indirect joint venture firm of SGX Catalist-listed DeClout Limited, has made its maiden investment of S$500,000 ($366,000) in Singapore-based video analytics specialist Vi Dimensions.
Dealstreet Asia

Clear for take off: SIA gears up for Singapore to Newark non-stop
We talk about dog years. But what a difference five years makes in aviation terms.
Australian Financial Review

SCDF paramedics emerge champions in international emergency response competition
They had practised at least 60 different accident scenarios, but nothing could have prepared the team for what greeted them when the curtains were drawn back.
– Straits Times

What Singapore Telecommunications Limited’s Management Has To Say About its Competition
Singapore’s largest telco, Singapore Telecommunications Limited (SGX: Z74), published its latest annual report – for the fiscal year ended 31 March 2018 – in late June.
– The Motley Fool Singapore

Creative Capital: The Singapore artist who paints on Hermes Birkin bags
With a one year waiting list, Cherin Sim has taken artwork into a new form and function through the customisation of leather goods.
Channel NewsAsia

Capitalism, politics and despair: Banyan Tree’s Ho Kwon Ping goes On the Record
Ho Kwon Ping has an almost sage-like quality about him and while his pronouncements on businesspeople’s role in solving problems such as income inequality often make the headlines and seem to resonate with the public, I wonder how far he actually walks the talk.
Channel NewsAsia

From the occult to a derelict pool: 12 things about Golden Mile Complex you didn’t know
There’s more to this CBD landmark than its seedy reputation, gaudy discos and Thai restaurants – where a community of Singaporeans and Thai nationals thrive, and Instagrammers trespass to capture that perfect selfie.
– Channel NewsAsia

Four honoured for selfless acts
They come from different backgrounds and generations – the youngest is 26 years old and the oldest, 93. But they all share the same generous nature when it comes to lending a helping hand to the people around them.
Straits Times

S’pore’s first turtle hatchery opens in marine park
The Republic’s first turtle hatchery opened at the Sisters’ Islands Marine Park yesterday, allowing conservationists to better protect rare sea turtles which have been increasingly sighted here.
Straits Times

Chart of the Day: Old age dependency ratio on the rise in Singapore
Singapore sees the most rapidly ageing population in Asia alongside South Korea and Taiwan. This chart from Allianz Global Wealth Report shows that old age dependency ratio is expected to be rise even further in the next decades.
Singapore Business Review

CBD Grade A office rents up 2.3% in Q3
Co-working operators remain as the most active space seekers in the area. The office leasing market sustained its growth for the sixth consecutive quarter in Q3 2018, a study by JLL revealed. Specifically, average rates of Grade A office rents in the Central Business District (CBD) rose 2.3% QoQ to $9.93 psf pm.
Singapore Business Review

New TP course lights the way for lighting specialists
There is strong demand for lighting specialists, said Temasek Polytechnic (TP), with more than 7,000 local job postings for designers with lighting design skills in the past three years.
The New Paper

He starts pest-control business despite fear of cockroaches
He is petrified of cockroaches, but Marcus Ong, 27, managed to keep his fear in check and started a pest control firm, PestGoCleaning, last year.
The New Paper

Wallem Celebrates 60 Years of Business in Singapore
On September 19, Wallem’s Chairman, Board of Directors and Senior Management team were joined by clients, partners, colleagues and friends to mark Wallem Singapore’s 60th anniversary.
The Maritime Executive


Feature photo Joan Campderrós-i-Canas

This week’s Singapore morning news feature photo acknowledges International Day of Older Persons, October 1.


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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