Singapore morning news for September 20

Singapore morning news for September 20
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Singapore morning newsOnline hiring up 3% in July
E-recruitment activity across industries in Singapore rose 3% YoY in July, mainly backed by the banking, financial services and insurance (BFSI), IT, and business process outsourcing (BPO) sectors, data from recruitment firm Monster revealed.
Singapore Business Review

Singapore-China ties: Breaking new ground
2018 marks an important milestone in Singapore-China relations. It is the 40th anniversary of Mr Deng Xiaoping’s visit to Singapore in November 1978, just a month before China adopted the policy of reform and opening up.
Straits Times

Singapore ranked second-best Asian city for tech firms: Report
Singapore is the second-best city for technology companies that are looking to establish or expand operations in Asia, according to a report yesterday.
Straits Times

Pipeline of private properties will require 5 years to be absorbed: Redas
Barring unforeseen circumstances, it will take around five years for the market to fully absorb almost 46,000 private residential units that could potentially come onstream by 2020.

Employment agency that ‘sold’ maids on online marketplace Carousell has licence suspended
The employment agency that “sold” maids on online retail platform Carousell has had its licence suspended.
Straits Times

Prominent leaders and thinkers to attend Singapore forum
American statesman Henry Kissinger, former United States Federal Reserve chair Janet Yellen and former Australian prime minister Kevin Rudd are among a long list of top names who will be in Singapore in November for an inaugural business forum to be hosted by billionaire Michael Bloomberg.
Straits Times

Taskforce helps 70% of retrenched workers find new jobs within 6 months
Some 70 per cent of Singapore residents assisted by the Taskforce for Responsible Retrenchment and Employment Facilitation found new jobs within six months after they were retrenched.

S’pore’s Tuesday massive blackout due to 2 power generating units tripping, one after the other
Tuesday’s massive early morning blackout across multiple estates in Singapore was caused by the tripping of two power generating units one after the other, the Energy Market Authority (EMA) said on Wednesday, Sept. 19.

Singapore’s Crypto Market Blooms as Korea’s Largest Exchange Moves In
Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, has officially announced the launch of Upbit Singapore, which will be fully operational by October.

E-scooters hit 50kmh along Changi Road beating motorcycle, red light & almost hitting pedestrian
Three people in Singapore sharing the same death wish were filmed barrelling down the road on their e-scooters at speeds of 50kmh or more:

Former STB chief ditches job for Grab
Former Singapore Tourism Board (STB) head Lionel Yeo has joined Grab as CEO advisor in addition to his involvement on several boards.
Singapore Business Review

BLACKOUT: Two generators at Sembcorp and Senoko identified as source of power trips; cause being investigated
The massive blackout early Tuesday (Sept 18) morning was due to power trips at generator units at Sembcorp Cogen and Senoko Energy, according to preliminary findings by the Energy Market Authority (EMA).

Govt seeks views on raising attractiveness of public transport as it shapes next Land Transport Master Plan
To keep land transport here in line with evolving needs, the authorities are canvassing views from the public, including how to make mass public transport and shared transport services more attractive to users.

SMRT staff deployed on track 6 times to rectify track point fault on EWL
In a detailed explanation on why it took almost seven hours to correct a track point fault along the East-West Line (EWL) on Wednesday (Sept 19) morning, rail operator SMRT said that its engineers had to get on the tracks a total of six times to identify and work on the defect. This required train services to be halted temporarily.

Tenants at Marina Square grapple with slow business as mall finds new ways to please shoppers
At Marina Square mall, The Maternity House has not made any sale for four days in a row.

HDB resale flats to become less attractive, as buyers look for better store of value: Credit Suisse report
Stating that the proposed Voluntary Early Redevelopment Scheme (Vers) is “not a panacea” to the public housing lease decay issue, a Credit Suisse report released on Wednesday (Sept 19) expects the price gap to widen between Housing and Development Board (HDB) flats and private apartments over time.

Muslim scholars, religious leaders say repeal of Section 377A has ‘worrying implications’, a threat to family values
A day after the Catholic Archbishop of Singapore spelt out his position on Section 377A of the Penal Code, Muslim scholars and religious leaders here have also expressed publicly their support for the law.

KPMG takes Alibaba Cloud to the masses
KPMG has unveiled plans to deliver Alibaba Cloud to businesses across multiple industries globally, expanding the tech giant outside of its China heartland.
Channel Asia Singapore

Singapore to invest $30M in new regional cyber security training centre
Singapore plans on establishing a regional cyber security training centre with an initial investment of $30 million over a five year period, it has been disclosed.
Channel Asia Singapore

Train commuter’s two days of hell
This week cannot end fast enough for a train commuter after she endured three unfortunate events in two days.
The Newpaper

Singapore to draw up formal Asean mechanism for cyber security
Singapore will draw up a formal Asean cyber security mechanism to discuss cyber diplomacy, policy and operational issues, in a bid to shore up defences against online attacks that target the region.
Straits Times

The lost decade of Sentosa Cove, Singapore’s billionaire haven
Sentosa Cove, a residential enclave nestled on an island off the coast of Singapore, is quiet at the best of times. On a weekday, its frangipani-lined streets are mostly devoid of life, save the odd domestic helper taking her four-legged charge out for a walk.

Start-ups from Singapore and Russia to have access to networks, markets and resources
Start-ups from Singapore and Russia will be allowed access to business networks, markets and resources in both countries following the signing of two memorandums of understanding (MOUs) on Wednesday (Sept 19).
Straits Times

LTA seeks ideas to realise Singapore’s car-lite dream
The answer is clear: Singapore wants to go car-lite. But the question is how to coax more Singaporeans to make walking, cycling or taking public transport their preferred choice for commuting.
Straits Times

Asia PE-VC Summit 2018: SEA region offers scope for both buyouts, minority deals
Southeast Asia will continue to remain an attractive destination for both buyouts and minority investments, according to panellists speaking at DEALSTREETASIA’s Asia PE-VC Summit 2018 in Singapore on September 11.


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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