Singapore morning news for October 30

Singapore morning news for October 30
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Singapore morning newsStanChart robbery: UK Secretary of State orders extradition of David Roach to Singapore
The United Kingdom Secretary of State has ordered the extradition of David Roach, the suspect in the 2016 Standard Chartered bank robbery, to Singapore, the Ministry of Home Affairs and Attorney-General’s Chambers said in a joint statement on Monday (Oct 29).
— ChannelNewsAsia

First section of Lornie Highway opens
After repeated delays stretching more than two years, the first section of the Lornie Highway – previously known as Bukit Brown Road – was finally opened to traffic yesterday.
— The New Paper

Shared bike fleet slashed by over 50% to 40,500, as Ofo cuts numbers from Nov 1
The shared bicycle population in Singapore will be cut by more than half next month, dipping from 100,000 in September to 40,500 as operators downsize their fleets to meet a Nov 1 deadline imposed by the Land Transport Authority (LTA).
— TodayOnline

Booking Holdings and Grab Enter into Strategic Partnership
Booking Holdings (NASDAQ: BKNG), the global leader in online accommodations and travel e-commerce, and Grab Holdings Inc. (Grab), the leading on-demand transportation and mobile services platform in Southeast Asia, today announced that the two parties have entered into a strategic partnership.
— AEC News Today/PR Newswire (media release)

Singapore sets up world’s first commercial cyber risk pool
Singapore is setting up the world’s first commercial cyber risk pool as part of efforts to develop the region’s capacity to deal with threats from cyber attacks, Finance Minister Heng Swee Keat announced at the 15th Singapore International Reinsurance Conference on Monday (29 Oct).
— ChannelNewsAsia

Tychan Successfully Completes Human Safety Studies for the First-in-Class Potent Monoclonal Antibody against Zika Virus
Tychan, a Singapore clinical-stage biotechnology company, announced today that it has successfully completed Phase-1 safety trials for Tyzivumab, its first-in-class monoclonal antibody (mAb) therapeutic for Zika, in Singapore.
— AEC News Today/PR Newswire (media release)

M1 reports a 5.5% decline in Q3 profit
Singapore’s M1 has reported a 5.5% year-on-year decrease in profit for the third quarter to S$34.5 million ($24.9 million), in a result the operator mainly attributed to higher acquisition and retention costs.
— Telecomasia

Four Seasons Hotel Singapore Unveils Luxury Themed Suites
Four Seasons Hotel Singapore, a leader in luxury hospitality worldwide, has completed its recent room renewal programme with the revelation of its crowning jewels – The Suite Collection.
— AEC News Today/PR Newswire (media release)

Solar power: Singapore on track to achieve 2020 target | Video
Singapore’s solar energy capacity has quadrupled in the past four years and is on its way to reach a targeted capacity of 350 megawatt peak by 2020.
— ChannelNewsAsia

Cryptology Exchange announces the first-ever exclusive exchange listing of Izetex (IZX), the “Pokemon Go of Blockchain”
Cryptology Exchange, a community-centric cryptocurrency exchange based in Singapore has announced the listing of Izetex (IZX) on its platform, marking IZX’s first-ever exclusive exchange listing.
— AEC News Today/PR Newswire (media release)

Blog post alleges greater lapses in procurement in other government agencies than in AHTC based on audit data observations
An unidentified author by the name, Kueh Lapis, hosted on GitHub, has made several noteworthy observations regarding the alleged lapses in procurement made by the Aljunied-Hougang Town Council (AHTC), upon which a high-profile lawsuit was filed against three Workers’ Party Members of Parliament and the town councillors for AHTC.

SilkAir’s B-737 Max 8 jets operating as scheduled
SilkAir is operating as scheduled the five Boeing 737 Max 8 aircraft in its fleet, the airline told The Straits Times.
— Straits Times

Singapore-based Healthtech Startup Smartfuture Deploys Health Screening Kiosks in Offices to Curb Rising Diabetes and Hypertension
26 self-monitoring health check-up kiosks have been installed by Smartfuture in offices across Singapore since March this year. Employees in these offices use the kiosks to check key health metrics such as blood pressure, blood glucose, BMI, SpO2 and ECG.
— AEC News Today/PR Newswire (media release)

SP Group unveils blockchain-powered green energy platform
SP Group launched on Monday a new blockchain-powered marketplace for renewable energy certificates (RECs).
— The Business Times

FairPrice aims to collect record 500,000 used textbooks for needy kids
Half a million used textbooks could be made available to needy students this year through NTUC FairPrice’s Share-A-Textbook project.
— Straits Times

DBS makes foray into chat commerce with “foodster” – Southeast Asia’s first bank-led retail chatbot
DBS announced the launch of Foodster – Southeast Asia’s first bank-led retail chatbot that allows customers to order and pay for their meals seamlessly via Facebook Messenger and DBS payment channels, namely DBS PayLah! and DBS/POSB cards.

Report: London, Singapore excel as fintech hubs
SINGAPORE and London make for successful fintech hubs because of a confluence of five key factors – markets, talent, capital, regulation and government support.
— The Business Times

RWS stops providing single-use plastic straws at attractions, eateries
Attractions and dining establishments at Resorts World Sentosa (RWS) have stopped providing plastic straws since Oct 1 as part of an effort to cut down on the use of single-use plastics.
— Straits Times

Engie moves Asia-Pacific headquarters from Thailand to Singapore
FRENCH energy company Engie announced on Monday that it will move its Asia-Pacific headquarters from Thailand to Singapore, in a bid to focus on supporting regional governments and businesses in sustainable growth opportunities.
— The Business Times

Six firms to operate 40,500 shared bicycles
Combined fleet size is fewer than half the figure six months ago
— Straits Times

Otters spotted swimming in Singapore’s Central Business District
SINGAPORE: Three otters were spotted in the heart of Singapore’s Central Business District on Sunday (Oct 28), swimming in a water feature outside office building One George Street in the Raffles Place area.
— Channel News Asia

Monday morning monkey sighting at Changi Airport Terminal 3; animal captured by Acres
In today’s tight security climate, the airport is no place for monkey business.
— Straits Times

Dyson parks first electric car facility in world’s most expensive place to own a car
In his Facebook post about British company Dyson’s decision to set up an electric car manufacturing facility in Singapore, Prime Minister Lee Hsien Loong wrote that when he met inventor James Dyson last month, James told him that it was Singapore’s expertise in advanced manufacturing, global connectivity and talented workforce that helped him make up his mind.
— The Edge

Public advised not to fall for porn scam, to cover computer cameras when not in use: police
Imagine receiving an e-mail from a person who claims he has screenshots of you watching pornographic materials, and threatening to expose you to your friends and family unless you pay money.
— Straits Times

Assets of world’s largest fund managers increase by over 15% to US$94 tril
The total assets under management (AUM) of the world’s top 500 fund managers surged to US$9.8 trillion ($13.5 trillion) in 2017, 15.6% higher than 2016, according to the latest Global 500 research from Willis Towers Watson’s Thinking Ahead Institute.
— The Edge

Woman fined $6,000 for smuggling 330 quail eggs as checked-in baggage at Changi Airport
The authorities fined a woman $6,000 on Monday (Oct 29) for smuggling 330 embryonated quail eggs into Singapore.
— Straits Times

SP Group unveils green energy trading marketplace
City Developments Limited and DBS were amongst the first of its renewable energy certificates (RECs) buyers.
— Singapore Business Review

Lornie Highway sees slow, heavy traffic on second day
Some attribute it to lack of road familiarity, but drivers hopeful conditions will get better
— Straits Times

SembMarine wins renewable energy engineering contracts worth $200 mil
Sembcorp Marine (SMM) has won two new renewable energy engineering projects collectively worth over $200 million from Denmark’s Ørsted Wind Power as well as Norwegian shipping company Norled AS.
— The Edge

Revised shoebox unit policy may spur buying frenzy: analyst
Buyers may rush to snap up such units, which they can sell at a higher price in the future.
— Singapore Business Review

Lawyer reprimanded, gets additional fine for poem on death penalty
A tribunal has ruled that lawyer Eugene Thuraisingam had not intended to attack the judiciary with his death penalty poem, which was earlier found to be in contempt of court.
— Straits Times

Chart of the Day: 34.4% of Q3 property investment sales are residential
Interest for office properties is picking up.
— Singapore Business Review


Feature photo Utica Private Limited

This week’s Singapore morning news feature photo acknowledges World Cities Day, October 31.


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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Maria Mirasol Rasonable graduated with a Bachelors Degree in journalism from Polytechnic University of the Philippines, Santa Mesa, Manila, Philippines.

She previously covered police rounds for Philippine Daily Inquirer as a trainee before becoming editorial staff at Gospel Komiks under the Communication Foundation for Asia (CFA-MG), Santa Mesa, Manila where she wrote lifestyle and trending fashion and styles articles.

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