Singapore morning news for September 19

Singapore morning news for September 19
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Singapore morning newsSingapore’s CapitaLand buys U.S. rental housing assets for $835 million
CapitaLand Ltd (CATL.SI), one of Singapore’s largest property developers, said on Tuesday it bought a portfolio of rental apartments in the United States for $835 million, marking its foray into the multifamily asset class.
— Reuters

Singapore and France to see more joint projects on technology, innovation
More cross-border collaboration between Singapore and French companies on technology development and co-innovation is in the works, which could potentially see firms expanding into new markets in Europe and Asia.
— The Straits Times

Why Facebook bet US$1 billion on Singapore data centre
Facebook’s announcement that it is investing more than US$1 billion in building a new data centre in Singapore underlines how multinational technology firms are re-examining their operations as they face regulatory headwinds in Asian countries increasingly concerned with protecting their own data and data flows.

OUE To Acquire 60% Stake In Bowsprit
SGX-ST Main Board-listed integrated property developer OUE Limited (“OUE”) and its listed subsidiary, OUE Lippo Healthcare Limited (“OUELH”) today announced the proposed acquisition of a 60% and 40% stake respectively in Bowsprit Capital Corporation Limited (“Bowsprit”), the manager of SGX Main Board-listed First REIT.
— AEC News Today/ PR Newswire (media release)

You Can Fly Singapore Airlines’ New First Class Suites for (Almost) Free on This One Route
Singapore Airlines currently flies Airbus A380s with the new suites aboard certain flights from its hub at Singapore Changi to Hong Kong, London Heathrow, Shanghai Pudong, Sydney, and Zurich.
— Travel Leisure

Singapore in massive drills with overseas navies, US marine corps
Two Victory-class missile corvettes from the Singapore Navy, the Valiant and Vigour, strutted their stuff during last week’s biennial multilateral Exercise Kakadu in the Northern Australian Exercise Area off the coast of Darwin.
— Asia Times

Plug and Play Singapore Announces First Batch of Startups Selected For Its Fintech and Insurtech Program
Plug and Play’s newest innovation platform, based out of Singapore, aims to create a multi-corporate Fintech and Insurtech program, running two 12-week accelerator batches a year.
— AEC News Today/PR Newswire (media release)

Singapore shares close 0.1% lower on Tuesday
SINGAPORE stocks inched slightly lower on Tuesday, with the Straits Times Index dropping 2.06 points, or 0.1 per cent, to 3,139.34.
— Business Times

Singapore blackout: More than 146,000 customers affected islandwide; EMA investigating
The Energy Market Authority of Singapore (EMA) is investigating the blackout that hit multiple estates across Singapore early on Tuesday (Sep 18).
— Channel NewsAsia

Social cohesion must be engineered
In 1964, when I was 15 years old, ethnic riots broke out in Singapore between the majority Chinese community and the minority Malay-Muslim community.
— The Washington Post

Sembcorp to supply solar power to Facebook’s Singapore operations
Sembcorp Industries will be powering Facebook’s operations in Singapore, including the social media giant’s first data centre to be located in Asia, the Singapore utilities company said on Tuesday (Sep 18).
— Channel NewsAsia

Trend Micro Launches Managed Detection and Response Service in Singapore and APAC
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today announced the Trend Micro Managed Detection and Response (MDR) service is now available for customers in Singapore and the Asia Pacific (APAC) region.
— AEC News Today/PR Newswire (media release)

Singapore solved clean and safe public housing
Singapore got independence from Britain in 1959 and was poor.
— Next Big Future

24-man delegation from Davao to hold biz missions in Malaysia, Singapore
A 24-man delegation from Davao City will hold a five-day business missions in Malaysia and Singapore from September 24 to 29 to create interest on the investment opportunities and tourism activities in the city, particularly to these markets in the 10-country Association of Southeast Asian Nations (ASEAN).
— Minda News

Singapore startup EngageRocket secures US$640k in seed round
Singapore-based startup specialising in people analytics, EngageRocket has raised an additional US$640,000 in a seed round led by Seed Plus, with Found.
— Human Resource Online

Singtel achieves 1.5Gbps over LTE using 5CC CA
The company plans to gradually deploy the new capability across Singapore, and plans to introduce the first smartphones supporting 1.5Gbps speeds once they become available in 2019.
— Telecomasia

Singapore close to completing e-payment infra with SGQR
Singapore is putting together the final few pieces of its e-payment infrastructure jigsaw puzzle with the introduction of the Singapore Quick Response (SGQR) code.
— 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

Chinese Vice-Premier on three-day visit to S’pore, will co-chair top bilateral council meeting with DPM Teo
Chinese Vice-Premier Han Zheng will kick off a three-day official visit to Singapore on Wednesday (Sept 19), during which he will co-chair a meeting of the top body steering bilateral ties with Deputy Prime Minister Teo Chee Hean.
— TodayOnline

Government to launch bug bounty programme by this year: DPM Teo | Video
The Singapore Government will be inviting white hat, or ethical, hackers to test the cyber defences of selected Internet-facing systems to identify vulnerabilities by the end of the year, said Deputy Prime Minister Teo Chee Hean on Tuesday (Sep 18).
— Channel NewsAsia

Worst blackout in 14 years hits 147,000 households and businesses
These were some of the scenes that unfolded in the early hours of yesterday after Singapore was hit by its worst power outage since 2004.
— The New Paper

Motorists offered reward money to report bad drivers and motorcyclists to insurer
Budget Direct Insurance is offering thousands of dollars reward money to motorists in exchange for their ‘dashcam video’ footage of bad drivers and motorcyclists.
— AEC News Today/PR Newswire (media release)

Flying taxis? Bell Helicopter sees such a service taking off in Singapore
“Obviously, traffic here (in Singapore) isn’t as bad as in Jakarta or Bangkok, or Delhi for that matter, but I think there’s still a demand,” said Bell Helicopter Asia general manager Chris Schaefer.
— Channel NewsAsia

Rewcastle-Brown’s detention begs the question of SG’s role for her fear in 2015 fraud conference
News of the detention of prominent investigative journalist, Clare Rewcastle-Brown in Singapore at the Woodlands Checkpoint and the information since reported is concerning.

Singapore Pools launches app to save paper, help track spending
Singapore Pools has launched a new mobile app that allows punters to mark out 4-D and Toto bets on e-betting slips and track their expenses.
— The New Paper

NUS team develops cheap, portable test kit for quick screening of diseases | Video
A team of researchers from the National University of Singapore (NUS) has developed a new test kit that is able to screen for multiple diseases in less than an hour, and for under S$1.
— Channel NewsAsia

National Supercomputing Centre (NSCC) Singapore and Mellanox Jointly Accelerate Cross-Facilities Network in Singapore
Mellanox® Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of end-to-end interconnect solutions for data center servers and storage systems, today announced that Mellanox 100 Gigabit Ethernet Spectrum-based switches, ConnectX adapters, cables and modules were selected for Singapore’s National Supercomputing Centre (NSCC).
— AEC News Today/ PR Newswire (media release)

HSBC plans wealth hiring spree mainly in Hong Kong, S’pore as its CEO bets on Asia’s rich
The bulk of the hires, some of which could be internal, will be in Hong Kong and Singapore.
— TodayOnline

20.6% of Singapore’s workforce could be displaced by 2028 due to Artificial Intelligence
Singapore’s workforce will be hardest hit by technological disruptions based on a recent report on the impact of Artificial Intelligence (AI) on workers in ASEAN’s six largest economies.

Calling for repeal of 377A, Action for Aids says law has negative impact on HIV prevention
Advocacy group Action for Aids (AFA) has lent its voice to the heated debate over a law here that criminalises sex between men, saying its repeal will significantly strengthen programmes to control the spread of the human immunodeficiency virus (HIV) and sexually transmitted infections in Singapore.
— TodayOnline

MindChamps’ curriculum brings on the Smiles
Early childhood education provider MindChamps has been formulating educational strategies to fill the gaps that have been occurring in education systems globally since it began its research 20 years ago.
— The Straits Times

New 40,000 sq ft indoor activity park to open in November
In November, indoor activity park brand SuperPark is opening a 40,000 sq ft activity site — around three-quarters of a football field — offering more than 20 activities in three themed zones for Singaporeans of all ages.
— TodayOnline

Research from Kaspersky Lab reveals how vulnerable one can be when internet connection is lost
Imagine you are in a foreign country, lost, and with no way of getting in touch with anyone who can help you. Well, when phones or tablets break, when devices run out of battery, or when connections go awry, this is a nightmare scenario that many have been left facing.

Merck opens its first biosafety test lab in Asia-Pacific | Video
The S$20 million lab in Singapore is a welcome addition that can help strengthen the biomedical ecosystem, said Senior Minister of State for the Ministry of Trade and Industry, Dr Koh Poh Koon.
— Channel NewsAsia

Rescued baby pangolin set for return to the wild; national plan launched to protect critically endangered creatures
Today, Sandshrew the pangolin has grown to a robust 6.4kg, thanks to the staff at the Wildlife Reserves Singapore’s (WRS) Wildlife Health and Research Centre.
— TodayOnline

CapitaLand buys 16 multi-family properties in US for $1.14b
CapitaLand has acquired 16 multi-family properties in the United States for US$835 million (S$1.14 billion), the real estate developer announced on Tuesday (Sept 18) morning.
— The Straits Times

Thai national, formerly a S’pore citizen, fined S$6,000 for defaulting on NS obligations
In the first prosecution of a National Service (NS) defaulter who is no longer a citizen, a 24-year-old Thai national and former Singapore citizen was fined S$6,000 on Tuesday (Sept 18).
— TodayOnline


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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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