Singapore morning news for September 17

Singapore morning news for September 17
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Singapore morning newsSingapore saw the ninth highest hike in Q2 home prices: study
Singapore placed ninth amongst countries which saw the highest increase in home prices in Q2, a study by Knight Frank revealed.
— Singapore Business Review

Temasek loses at least S$1.2b in 5 months for betting on Bayer
It was reported in Apr this year that German drugmaker Bayer sold 3.6 per cent stake to Singapore’s Temasek Holdings for 3 billion euros at 96.77 euros per share.

Validus boosts Singapore SMEs, targets rising appetite for growth capital
Singapore-based Validus Capital announced during the week that it has so provided more than S$120 million (about US$87.5 million) in funding to date to Singapore small and medium-sized enterprises (SME) and other businesses.
— AEC News Today

Hawkers to get three-year fee waiver for e-payments
Put up on the counter of Mr Christopher Lau’s bakery stall at Old Airport Road Food Centre are three QR codes to accept payments from three different e-wallets: PayLah, Nets and Fave.
— The Straits Times

Two health initiatives launched to help residents in western Singapore
Two health initiatives were launched yesterday to better serve the needs of residents in western Singapore.
— The New Paper

CLIA launches seminar at ITB Asia
It confirmed that most Asian markets such as Singapore, Indonesia, India, mainland China and Malaysia registered double-digit year-on-year growth in cruise passenger numbers.
— TR Weekly

Hamilton opens 40-point lead with Singapore victory
Britain’s Lewis Hamilton eased to victory from pole position at the Singapore Grand Prix on Sunday as the Mercedes driver extended his championship lead over Ferrari’s Sebastian Vettel to 40 points with six rounds remaining.
— Reuters

Not sensible to create problems between Singapore and Malaysia: Anwar Ibrahim (video)
Parti Keadilan Rakyat (PKR) president-elect Anwar Ibrahim stressed that there are “no problems” between Singapore and Malaysia and pledged to visit the city-state when he becomes prime minister.
— Channel NewsAsia

45 residents evacuated after fire breaks out in Tampines flat
About 45 residents self-evacuated after a fire broke out at a Housing and Development Board (HDB) flat in Tampines on Sunday (Sep 16) morning, the Singapore Civil Defence Force (SCDF) said.
— Channel NewsAsia

Upcoming Punggol East community club to feature childcare centre
Parents of young children in Punggol East will have another childcare option once a new community club opens in 2020.
— The New Paper

Good time for Asian fixed-income investments
Mr Gregory Suen joined HSBC Global Asset Management in 2007. As investment director in the Asian fixed-income team, he manages three HSBC Global Investment Funds (GIFs), including the HSBC GIF Asia Bond, HSBC GIF RMB Fixed Income and HSBC GIF Singapore Dollar Income Bond.
— The Straits Times

Food sold in cinemas not halal: Muis
The halalSG Twitter account, managed by the Islamic Religious Council of Singapore (Muis), posted on Sept 5 that no food counter in local cinemas is halal-certified.
— The New Paper

Singapore Airlines flight from Melbourne cancelled after pilot failed alcohol test
A Singapore Airlines (SIA) flight from Melbourne to Wellington was cancelled on Saturday morning (Sep 15) after the pilot failed an alcohol test.
— Channel NewsAsia

New tech for construction to go on display
One of the regional leaders in the field is Roboprint, a South Korean company with a subsidiary in Singapore.
— The New Paper

Singapore’s Mandai eco-resort: Paving paradise to put up an eco-resort
Singaporeans are getting a new wildlife paradise to bring them closer to nature, but as the BBC’s Yvette Tan writes, the development is carving into the jungle and pushing rare animals into the path of danger.
— BBC News

Singapore, China can collaborate to support Asia growth
Finance Minister Heng Swee Keat has reaffirmed strong economic ties between Singapore and China and outlined three areas in which the two countries can work together to support the region’s growth.
— The Straits Times

Binance to Open Fiat Exchange in Singapore
Binance, the most-used cryptocurrency exchange in the world, is testing a fiat currency exchange in Singapore, according to CEO Zhao Changpeng.
— Finance Magnates

US’ drug experience shows why Singapore needs tough and clear approach on narcotics: Shanmugam
The opioid crisis in the United States and its growing cannabis problems underscore why Singapore must take a “firm and clear-headed” approach on drugs or the problem will “spiral out of control” and tear society apart, said Law and Home Affairs Minister K Shanmugam on Saturday (Sept 15).
— TodayOnline

Ellen Lee re-elected table tennis president after defeating former youth player Toh
The election battle for table tennis’ top post on Saturday (Sept 15) saw incumbent Ellen Lee elected president of the Singapore Table Tennis Association (STTA) for a third term, as the 61-year-old lawyer defeated former national youth player Toh Kian Lam at the biennial general meeting.
— TodayOnline

Daily Briefing: Government debunks online site’s claim over ministerial salaries; Go-Jek in talks for Singapore expansion
And here’s why a possible US Fed Interest hike could hit borrowers in Singapore.
— Singapore Business Review

Singapore firms ink 22 deals with Sichuan companies for greater access to western China
Singapore firms on Friday (Sept 14) inked 22 deals with Sichuan companies for greater access to western China across sectors including technology and innovation, education, lifestyle, logistics and tourism.
— The Straits Times

Sarawak Report editor briefly detained in Singapore
Sarawak Report editor Clare Rewcastle Brown was briefly detained in Singapore on Saturday (Sept 15) morning following the launch of her book about 1MDB scandal.
— The Star Online

Sainz sees a problem for Renault at Singapore
RS18’s problem with rear tyres will mean Renault may struggle to stay ahead of the rest of the midfield in Singapore Grand Prix, says the team’s driver Carlos Sainz.
— Grand Prix

Waters opens food and water research centre in Singapore
Waters Corporation has 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.

Wildlife-rich Rifle Range Nature Park could feature bridge crossing when completed in 2020
Last year when NParks announced plans to enhance Rifle Range Nature Park, it said the park will feature an elevated walkway from Beauty World to the former Sin Seng Quarry, which was once one of the deepest quarries in Singapore.
— TodayOnline

Long-term decisions key to Singapore’s survival: Ong Ye Kung
Even as politics elsewhere becomes more short-term and populist, Singapore will have to remain committed to taking long-term decisions if it is to survive as a small state, Education Minister Ong Ye Kung said yesterday.
— The Straits Times

Embattled developers bear larger debt burdens amidst cooling measures
From a frenzied first half, developers have been booking higher leverage levels in Q2 on the back of intensified land banking activities prior to the government’s surprise cooling measures, according to a research note from OCBC Investment Research (OIR).
— Singapore Business Review

U.S. calls urgent U.N. Security Council meeting on North Korea sanctions violations
This is just the latest in a series of sanctions violations acknowledged by the Trump administration since President Donald Trump met with North Korean leader Kim Jong Un at a summit in Singapore in June.
— NBCNews

Inspired by Singapore, Hanoi considers congestion charge for motorists
They are following the Singapore model where motorists are charged a fee for entering the city during rush hours.
— Investine

FIA post-qualifying press conference – Singapore
Singapore is a beautiful track and honestly I’m super overwhelmed, absolutely overwhelmed, my heart is racing, I might have an anxiety attack in a second. I’m really happy.
— Formula1

The Airport of the Future is Here. And It Doesn’t Need Humans
Singapore’s Changi Airport is blazing a trail when it comes to automation.
— Bloomberg


Feature photo Jnzl’s Photos


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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