Singapore morning news for September 18

Singapore morning news for September 18
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Singapore morning newsUniversal QR code SGQR ready for commercial use
A universal QR code which allows consumers to scan and transfer funds from as many as 27 e-payment apps was launched yesterday, marking a significant step in Singapore’s drive to build a national cashless system.
— The New Paper

F&B tenants get creative with limited space amidst skyrocketing costs
Running an F&B business in ultra-expensive Singapore is no easy task with skyrocketing costs prompting a growing number of players to share more than just ideas as they also embrace shared commercial spaces in a bid to outwit the city’s high-cost retail environment.
— Singapore Business Review

British journalist detained in S’pore may take up matter with British High Commission
The British investigative journalist behind whistleblower website Sarawak Report, who was detained briefly here over the weekend, may take the matter up with the British High Commission in Singapore.
— TodayOnline

Singapore reins in personal mobility devices
Personal mobility devices (PMDs) no longer apply to battery-operated vehicles used by old folks or people with mobility issues to move around.
— The Asean Post

Singapore residential property sales drop 64% in August
Residential property sales in Singapore shrank by 64 per cent in August to the lowest point in six months as government cooling measures took effect and developers marketed fewer projects in a period considered an “unlucky period” in the lunar calendar by Chinese home buyers.
— Investine

More precincts join scheme to transform
They follow Singapore River One, the first BID set up under the Urban Redevelopment Authority (URA) last year.
— The Pew Paper

Uber in talks to buy Dubai ride-hailing rival Careem: Bloomberg
SoftBank has stakes in Singapore-based Grab and India’s Ola.
— Reuters

Singapore blackout: More than 146,000 customers affected islandwide; EMA investigating
The blackout affected residents of Boon Lay, Clementi, Jurong, Aljunied, Geylang, Mountbatten, Kembangan, Bedok, East Coast, Ang Mo Kio, Bishan, Thomson, Admiralty, Sembawang and Woodlands, among other estates.
— Channel NewsAsia

‘Spent’ Hamilton soaks up special victory in Singapore
Lewis Hamilton felt a mixture of elation and exhaustion after converting his stunning pole position into a victory at the Singapore Grand Prix on Sunday as the Briton tightened his grip on a fifth Formula One world championship title.
— Reuters

Trade fears and weather in focus
Key data being released this week include Singapore’s non-oil domestic exports data for August and Indonesia’s August trade numbers today, Australia’s Q2 house prices tomorrow and Malaysia’s consumer price index numbers for August on Wednesday.
— The New Paper

Singapore GP sees second-highest attendance in 11 year history
Organisers of the Formula 1 2018 Singapore Airlines Singapore Grand Prix were also celebrating as the race attained the second-highest three-day attendance in the race’s 11-year history.
— Marketing Interactive

Single label to replace 19,000 QR codes in Singapore
Consumers can scan and make e-payment through a unified Quick Response (QR) code payment label adopted by 27 e-payment schemes in the next six months.
— Bangkok Post

Halimah starts two-day visit to KL today
She will meet the Singaporean community in Kuala Lumpur at a reception hosted by the Singapore High Commission.
— The New Paper

IG Asia Partners Singapore Airlines KrisFlyer to be the first broker to offer miles
IG Asia Pte Ltd (“IG”) partners with Singapore Airlines Group’s KrisFlyer frequent flyer programme, to launch an air miles incentive scheme.
— AEC News Today/PR Newswire (media release)

Private home sales down 64 per cent last month
Developers in Singapore sold 616 private homes last month, making for a 64.3 per cent fall from the 1,724 units they moved in July and a 50.6 per cent drop from the 1,246 units booked in August last year.
— The New Paper

ICI 4 coal index derivatives achieve 1mn t transaction milestone
The recently launched ICI 4 coal derivatives market achieved a landmark last month, as the total volume traded reached 1mn t, global energy and commodity price reporting agency Argus announced.
— AEC News Today/ PR Newswire (media release)

Laguna Park up for en bloc sale at $1.48b
Laguna Park in Marine Parade Road is up for collective sale for $1.48b, Knight Frank revealed.
— Singapore Business Review

SDP questions latest amendment to election rules regarding ballot boxes
Statement by the Singapore Democratic Party on the proposed amendment to the Parliamentary Elections Act (PEA) .

Fish & Co is halal-certified again
However, it said it was still complying with halal standards at the time, while HalalHub Consultants, the halal certification consultant engaged by the chain, said it was then in the process of submitting a new application to the Islamic Religious Council of Singapore (Muis).
— The New Paper

Response against abolition of section 377A, an emotional one. Govt’s role is to be logical and not pandering to emotions however strong
According to an on going Yahoo poll, it would appear that a majority of those surveyed do not think that more restrictions should be imposed on people smoking in their own homes.

Mortgage growth for DBS could stay healthy despite property curbs
“Given the historical correlation between the FFR and 3-month Singapore Interbank Offered Rate (SIBOR), we expect further upside in the 3-month SIBOR (from 1.64% now).
— Singapore Business Review

Singapore August exports growth slows to 5.0 per cent year-on year, below forecast
Singapore’s on-year non-oil domestic exports (NODX) growth slowed sharply in August as sales of pharmaceuticals came off the sizzling pace of the month before, official data showed on Monday (Sept 17).
— TodayOnline

Singapore Airlines pilots not allowed to consume alcohol within 10 hours of flight
Pilots with Singapore Airlines (SIA) are not allowed to consume alcohol within 10 hours from their flight duty, and there are stiff penalties set out in the Air Navigation Act if they are found to be under the influence of any psychoactive substances.
— Channel NewsAsia

Queues for massive 2-month-long Toys ‘R’ Us Singapore sale
Toys ‘R’ Us is currently holding a massive warehouse sale which started Sept 13 at its warehouse facility in Tan Boon Liat building.
— AsiaOne

Factually or half truths to sidestep actual salaries by PM and ministers? Why the lack of transparency?
In a post published on the Factually website, the Singapore government seeks to address two “falsehoods”, one being the Prime Minister gets $4.5 million in annual salary and it is not upfront about how ministerial salaries are calculated.

Recruitment firm owner must pay S$344,000 penalty for evading tax over five years
The owner of a recruitment firm was fined S$17,500 on Monday (Sep 17) and made to pay a penalty of S$344,522, twice the amount of tax she evaded over five years.
— Channel NewsAsia

9 new Nominated MPs chosen to join Parliament
Nine new Nominated Members of Parliament (NMPs) have been selected to represent the views of various segments of Singapore society in Parliament.
— AsiaOne

New private home sales slump 50.6% in August on the back of cooling measures
Sales of new private homes fell 50.6 per cent year-on-year in August on the back of cooling measures introduced by the Government in July.
— Channel NewsAsia

Singapore Grand Prix helps drive up hotels’ occupancy rates
It is turning out to be an encouraging year for hotels here, with occupancy rates higher than they have been over the last four years. And the fillip is being felt during the Formula One (F1) period.
— The Straits Times

Bookstores in S’pore have not received lawyer’s letters over new book on Jho Low
Major bookstores in Singapore said they have not received lawyer’s letters over the sale and distribution of a new book detailing financier Jho Low’s alleged involvement in the Malaysian state fund 1Malaysia Development Berhad (1MDB) scandal.
— TodayOnline


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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