Singapore morning news for September 14

Singapore morning news for September 14
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Singapore morning newsSingapore’s ST Engineering to buy aircraft part maker from GE for $630 million
Singapore Technologies Engineering Ltd on Thursday said it had agreed to purchase aircraft part manufacturer MRA Systems from General Electric Co for $630 million.
— Reuters

Singapore businessmen attend 15th CAEXPO to explore business opportunities
The Singapore Business Federation (SBF) is leading a delegation of 187 business representatives to participate in the 15th China-ASEAN Expo (CAEXPO) in Nanning, China, according to a SBF press release reaching here Thursday.
— Xinhuanet

Singapore-based blockchain platform JET8 is turning everyday social media users into paid micro-influencers
JET8 is a Singapore-based, global social media platform with technology that allows brands, agencies and influencers to engage and sell to social communities through user-generated mobile content.
— AEC News Today/ PR Newswire (media release)

HSBC HQ to move to Marina Bay Financial Centre
HSBC Singapore will be relocating its head office to Marina Bay Financial Centre (MBFC) Tower 2 found within the Central Business District as it pushes for rapid growth plans, an announcement revealed.
— Singapore Business Review

Singapore fresh chicken distributors fined S$27m
Thirteen fresh chicken distributors have been fined a total of S$27m (Singapore dollars) for anti-competitive behaviour and price-fixing.
— Global Meat News

New framework limits bidding for place of worship lands to religious groups
Bidding for Place of Worship (PW) lands will only be allowed for religious groups through the changes made in the tender framework of said lands, the Ministry of National Development said.
— Singapore Business Review

MinLaw, MHA canvassing views on Penal Code review
The Government has been conducting engagement sessions as part of its consultation plans to canvass views on the Penal Code Review Committee’s recommendations, said a Ministry of Home Affairs (MHA) spokesman yesterday.
— The New Paper

FAS issues statement on comments by National Team Head Coach; Apologies extended to reporter and Sikh Advisory Board
The Football Association of Singapore (FAS) has issued a statement on the comments made by National Team Head Coach Fandi Ahmad during a pre-match press conference on 6 Sept.

Mycoplasma Diagnostics Devices Market to Witness Huge Growth by 2025
Some of the major geographies that are covered in the scope of the report are North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Spain, Russia, Central & South America, Brazil, Rest of Central & South America, Middle East & Africa, GCC Countries, Turkey, Egypt & South Africa.
— Business Strategies

Opening of first stretch of Lornie Highway pushed to 4th quarter
Motorists will have to bear with the ongoing construction along Lornie Road – one of Singapore’s busiest roads – for a few more months.
— The New Paper

ASEAN Member States “in a good position” to benefit from Fourth Industrial Revolution: PM Lee Hsien Loong
“This Fourth Revolution is upon us. The global economy is being fundamentally transformed by new and far-reaching breakthroughs … Markets are growing bigger, and becoming increasingly integrated.

Software error behind erroneous congratulatory messages by marriage registries: MSF and MCCY
A software glitch saw some people receive SMS text messages “erroneously” from the Registry of Marriages (ROM) and the Registry of Muslim Marriages (ROMM) on Sunday (Sep 9).
— Channel NewsAsia

Abolition of fake news laws delayed in Malaysia; Singapore still awaits government report
Senior ministers said in June they were in “no rush” to impose fake news laws in Singapore, with Singapore minister of communications and information Dr Janil Puthucheary saying any laws need to be “correct in terms of its scope, its intent, its powers”.
— Mumbrella Asia

NETS appointed as “master acquirer” for e-payment transactions at hawker centres and coffee shops
Network for Electronic Transfers (NETS) has been chosen as the service provider that will consolidate up to 20 e-payment methods at hawker centres and coffee shops as well as industrial canteens, according to Enterprise Singapore.

Waters Sponsors New Research Centre to Address Global Food and Water Safety Challenges
Waters Corporation (NYSE:WAT) today opened the doors of the new International Food and Water Research Centre (IFWRC) in Singapore to address the growing challenges of food and water security and safety.
— Markets Insider

Cyzone to host 2018 DEMO ASIA Summit in Singapore
Singapore is an international fintech hub with over 200 banks and innovation labs from international financial institutions and has become a premier destination for Chinese startup SMEs to enter into the international market.
— AEC News Today/ PR Newswire (media release)

Pump wells to be decommissioned at all fire stations by Dec 2018 following death of SCDF NSF
This is one of the measures undertaken by the Singapore Civil Defence Force (SCDF) on the recommendations of the board of inquiry (BOI), which was convened to look into the death of SCDF serviceman CPL Kok.
— TodayOnline

Twitter has announced more than 50 new video content partnerships in the Asia-Pacific region – here’s what it will mean for users
For Singaporeans, users can expect to receive extensive F1 updates during this weekend’s Singapore Grand Prix coverage thanks to Twitter’s collaboration with Fox Sports Asia.
— Business Insider

S’pore is ‘perfect platform’ for F1 to reach out to younger audience: F1 boss Chase Carey
But that is just the tip of the iceberg, said Mr Carey in an email interview with TODAY, ahead of the 11th edition of the Formula 1 Singapore Airlines Singapore Grand Prix this weekend (Sept 14 – 16).
— TodayOnline

Will en-bloc fever grind to a halt in H2 as Horizon Tower takes hit?
Singapore’s property market roared to life in the first half of the year with en bloc sales emerging as the prominent growth driver of real estate activity.
— Singapore Business Review

Yusof Ishak Secondary School to relocate to Punggol in 2021 to boost student numbers
Announcing the 53-year-old school’s move to Punggol Central on Thursday (Sept 13), the Ministry of Education (MOE) said it was facing declining demand at its existing Bukit Batok site.
— TodayOnline

Chengdu is Singapore food brands’ gateway to China
Some Singapore small and medium-sized enterprises (SMEs), especially food companies, are finding Chengdu a viable launchpad to enter the Chinese market.
— The Straits Times

The Urban Underground (video)
In the four years since Prime Minister Lee Hsien Loong announced Singapore’s Smart Nation plan, the city has placed considerable resources into making this a reality.
— Channel newsAsia

Indonesia and Singapore will exchange financial data to curb tax evasion
Indonesia and Singapore will start exchanging financial data on taxpayers by the end of this month, with an eye on cracking down on tax evasion.
— The Straits Times


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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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