Singapore morning news for September 11

MinLaw unveils bill to update insolvency and debt restructuring laws
The Ministry of Law submitted a bill to update insolvency and debt restructuring laws for first reading in the Parliament, an announcement revealed.
— Singapore Business Review

SET slightly gains, Singapore stocks decline again
Southeast Asian stock markets declined on Monday, with Singapore closing near a one-and-half-year low, as a potentially damaging escalation in the Sino-US tariff row weighed on investor sentiment.
— Bangkok Post

Use of PMDs to come under tighter regulations
The use of personal mobility devices (PMDs) will come under tighter regulations, with the passing of new laws that will expand the enforcement reach of the authorities and require e-scooters to be registered.
— The New Paper

PM Lee to speak at World Economic Forum on Asean
Prime Minister Lee Hsien Loong arrives in Hanoi today to attend the World Economic Forum (WEF) on Asean.
— The New Paper

Mufti emphasises compassion as Muslims mark start of Islamic New Year
Muslims in Singapore should reflect on the past 50 years in achieving their dreams to be good Muslims and citizens, Mufti Fatris Bakaram said in a sermon marking the start of the Islamic New Year last night.
— The New Paper

PM Lee to attend 27th World Economic Forum on ASEAN in Vietnam
Prime Minister Lee Hsien Loong will be in Hanoi, Vietnam from Tuesday (Sep 11) to Wednesday for the 27th World Economic Forum on ASEAN, the Prime Minister’s Office (PMO) said in a statement.
— Channel NewsAsia

Hawkers continue to pay inspection fee despite Fei Siong saying that fees are optional
After it was reported in mainstream media that Fei Siong Food Management has said that the $600 stall inspection fee is optional, TOC went down to Ci Yuan Hawker Centre to talk to the hawkers today (10 Sep).
— TOC

Criminalising marital rape in Singapore brings dignity to wives, say experts
In 1997, a woman moved back to her parents’ home after frequent quarrels with her husband.
— The Straits Times

PM Lee to open more gyms for elderly but must pay $1.50 per entry
At a community event on Saturday (8 Sep), PM Lee told his residents that more gyms will be open to cater to the elderly and disabled in Singapore.
— TOC

Private developers may be involved in Vers scheme: Lawrence Wong
Private developers may be involved in the new Government scheme to redevelop public housing precincts that are around 70 years old, said National Development Minister Lawrence Wong on Monday (Sep 10) in Parliament.
— TodayOnline

PM Lee praises Zaobao while its readership steadily declines
At the 95th anniversary dinner of the Liane Zaobao newspaper, Prime Minister Lee Hsien Loong expressed his hope that the Chinese-language newspaper together with other Chinese groups, will create programmes to encourage the preservation and promotion of Chinese culture in Singapore.
— TOC

SIT fresh graduates most employable among local universities, longer internships pay off
A higher proportion of fresh graduates from the Singapore Institute of Technology (SIT) found a job within the first six months of completing their final examinations, when compared with their counterparts from four other major universities here.
— TodayOnline

Telcos could bank on e-payments despite stagnant market growth
Singtel might have been banking on first-mover advantage when it launched its mobile wallet platform in 2014 as the earliest in Singapore, but the telco has so far failed to capture the whole population’s interest in e-payments.
— Singapore Business Review

Singapore sticks a pin before property bubble forms
Property investors anticipated a boom in Singapore as prices increased sharply by 9.1 percent over the past year. However, the Monetary Authority of Singapore (MAS) introduced strong measures to dampen what it describes as “euphoria” in the market.
— The Asean Post

Singapore to return $15m in 1MDB-linked funds to Malaysia
A Singapore court has ordered the return to Malaysia of about S$15.3 million (RM45.9 million), just a small portion of the total seized in the Republic as part of a probe into transactions linked to scandal-hit 1Malaysia Development Bhd (1MDB), lawyers for the state investment fund and the Malaysian government said on Monday (Sept 10).
— The Straits Times

55 per cent of Singaporeans support Section 377A: Ipsos survey
Slightly more than half – or 55 per cent – of Singaporeans still support Section 377A of the Penal Code, even as one in three Singaporeans is more accepting of same-sex relationships than he or she was five years ago, a new survey has found.
— The Straits Times

Singapore-KL high-speed rail deferment: Issues at play in project’s future
Singapore and Malaysia have agreed to defer the high-speed rail (HSR) link project to May 31, 2020.
— The Stratis Times

OurSTories: Creating happy childhood memories with kiddy rides
The 61-year-old’s team, which consists of mostly deaf workers, services more than 200 kiddy rides in shopping malls across Singapore.
— The Straits Times

Five win accolades at EY Entrepreneur Of The Year 2018 Singapore awards
FIVE leading entrepreneurs were named category winners in the 17th annual EY Entrepreneur Of The Year (EOY) 2018 Singapore awards on Monday.
— Business Times

Singapore shares end lower on Monday
SHARE prices on the Singapore bourse closed lower on Monday, with the key Straits Times Index down 13.47 points, or 0.4 per cent, to 3,120.92.
— Business Times

Fatburger Opens First Locations in Singapore
AT. FAT(Fresh. Authentic. Tasty.) Brands Inc. (“FAT Brands” or the “Company”), parent company of Fatburger, The Last Great Hamburger Stand™ and Buffalo’s Express is pleased to announce the opening of their newest locations in Singapore in partnership with Singapore-based restaurant management company, Deelish Brands.
— Citizen Tribune

UOL appoints Liam Wee Sin as CEO
UOL Group said Liam Wee Sin, 59, will be appointed as the group chief executive with effect from 2 January 2019.
— Singapore Business Review

Parliament: Singapore introduces omnibus bill to update insolvency, debt restructuring laws
AN omnibus bill to update various aspects of Singapore’s insolvency and debt restructuring laws was introduced in Parliament on Monday.
— The Business Times

Pandan Valley’s asking price of S$2.6 billion hits new collective sale record
In what is a record for asking price of collective sale sites, residents at the Pandan Valley condominium have agreed on a reserve price of S$2.6 billion in another collective sale attempt.
— TodayOnline

A blockchain boost for the airline industry
Singapore Airlines’ KrisFlyer frequent flyer program, for example, restructured its payments and loyalty program earlier this year by adopting the blockchain structure for its new digital wallet.
— The Asean Post

Feature photo Arulonline

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 September 11 added by Maria Mirasol Rasonable on September 11, 2018
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Maria Mirasol Rasonable

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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.