Singapore morning news for September 21

Singapore morning news for September 21
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Singapore morning newsSingapore panel recommends regulation of tech firms over fake news
A Singapore parliamentary committee said on Thursday the government should consider legislation to ensure technology companies rein in online fake news and that those responsible are punished.

Public can attend Committee of Inquiry public hearings on SingHealth cyberattack
The Committee of Inquiry (COI) that was convened to investigate the cyberattack on SingHealth will be holding public hearings in September and October 2018.

Singapore wedding hears why “the worst parents in the world” aren’t so bad (HD video)
Wedding reception are supposed to be an exciting and happy moment. At the end of what is inevitably a long day of preparations, travelling, and location changes, by the time it comes for the reception everyone is happy to sit back, relax, and enjoy the hospitality of the bride and groom.
AEC News Today

Singapore Gov’t Suspends Agency Behind Online ‘Sale’ of Indonesian Migrant Workers
The Singaporean Ministry of Manpower said on Wednesday (19/09) that it has suspended an employment agency for advertising Indonesian migrant workers for sale on online marketplace Carousell.
— Jakarta Globe

China-Singapore trade pact upgrade ready by end of this year
Singapore and China will conclude the upgrade of their free trade agreement by the end of this year, said Deputy Prime Minister Teo Chee Hean, giving certainty for the first time to when the new deal will be sealed.
Straits Times

Singapore Says It Needs Foreign Tech Talent
Singapore, grappling with an aging population and a shortage of high-tech workers, says it needs to bring in foreign talent in areas including software programming while the country rebalances its education system to meet future demands.

Escalating trade tensions could hurt Singapore’s exports
The rising domestic demand could bring in some relief. Symptoms of an exports slowdown have started showing as the semiconductor supercycle has been further winding down whilst Chinese import demand eased up.
Singapore Business Review

Opinion: How Singapore’s food industry is shaking things up for the future
It is undeniable that the food and drinks in supermarkets have been changing – from production to packaging, writes Matthew Kovac, Executive Director, Food Industry Asia (FIA) and Kee Ai Nah, Executive Director, Lifestyle & Consumer Cluster, Enterprise Singapore.
— Food Navigator-Asia

‘Not right’ to compare Singapore’s political situation with Malaysia’s: Anwar Ibrahim
It is up to Singaporeans to decide whether they want to pursue “vibrant” democratic reform in their country, said Malaysia’s former deputy prime minister Anwar Ibrahim on Thursday (20 September).
Yahoo News Singapore

Singapore leads Southeast Asia in social progress: study
But it still needs to work on personal rights and inclusiveness to advance in the global rankings.
Singapore Business Review

How Singapore can become a great logistics hub again
Logistics has always been one of the major pillars of Singapore’s economy. The city-state has prided itself as a key regional (at times global) hub for many multinational brands since early 1990s.
Tech in Asia

Hold alternative news sites to same journalistic standards as mainstream media: Select Committee
Alternative news sites should have the same professional journalistic standards as the mainstream media to ensure “fairness, accuracy and integrity in reporting”, said the committee studying online falsehoods.

Indigo subsea cable system linking Singapore and Indonesia set to begin
Channel Asia understands that the second section of the Indigo subsea cable system is expected to begin this month linking Singapore and Indonesia with an expected completion date of December 2018.

Select Committee on deliberate online falsehoods report: What you need to know
The Select Committee on deliberate online falsehoods (DOFs) has released a 176-page report containing recommendations to tackle fake news and the guiding principles behind its proposals.
Channel NewsAsia

Major Korean Crypto Exchange Upbit Opens in Singapore Next Month
Major South Korean cryptocurrency exchange Upbit will reportedly begin operations in Singapore next month. The new exchange will offer Singapore dollar trading as well as crypto-to-crypto pairs in three markets offered by Bittrex, Upbit’s US-based partner.
Devcoins Cryptocurrency News

TTJ secures new contracts to bring order book to $212 mil
TTJ Holdings, one of Singapore’s largest structural steel specialists, has secured a few new contracts, bringing its order book to $212 million.
The Edge Singapore

Hundreds queue outside Apple store at Orchard Road a day before launch of new iPhones
Apple mania is in town again. Hundreds were in line outside the Apple store along Orchard Road on Thursday afternoon (Sep 20), one day before the launch of the iPhone XS as well as XS Max.
Channel NewsAsia

Singapore hotel tycoon’s alleged involvement in Maldives’ rampant corruption revealed in leaked files
Singaporean luxury hotelier Ong Beng Seng was accused of being involved in what was dubbed by reporters of the Organised Crime and Corruption Reporting Project (OCCRP) as “an orgy of corruption” in the Maldives.
The Online Citizen

Corrective training for man who stole credit card details to top up EZ-Link cards
A man who used stolen credit card details to top up more than $10,000 in EZ-Link cards and then obtain cash refunds from MRT station counters was sentenced to five years of corrective training on Thursday (20 September).
Yahoo News Singapore

Singapore and Russia to expand business opportunities
Singapore businesses can explore opportunities in Russia in sectors such as consumerism and technology.
Channel NewsAsia

Woman fined more than S$32,000 for failing to declare branded goods
A 42-year-old Singaporean woman has been fined more than S$32,000 for failing to declare branded goods she bought overseas, said Singapore Customs on Thursday (Sep 20).
Channel NewsAsia

Faster immigration clearance for Thais arriving in Singapore
Eligible Thai passport holders will soon be able to clear immigration faster when they arrive in Singapore.
Channel NewsAsia

Energy security crucial for Singapore’s survival: Tan Wu Meng
Singaporeans may know how crucial water security is to Singapore’s survival, but they also need to keep an eye on its energy security.
Straits Times

Visual Effects Firm Vividthree Heads for Singapore IPO
Singapore-based digital effects company Vividthree Holdings is to float on the local stock exchange later this month. The IPO will raise $9.50 million (S$13 million).

Two thirds of Singapore’s fastest-growing firms are at least 10 years’ old: DP Info
Two out of three of Singapore’s top 50 fastest-growing companies in 2018 come from experienced companies aged 10 years and above – up significantly from 44 per cent in 2017 and 52 per cent in 2016, according to rankings from DP Information Group.
Straits Times

Singapore launches unified QR code standard
The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) have introduced a payment QR code standard that claims to be compatible with as many as 27 e-payment solutions.

Nova MSC bags RM4.65mil contract in Singapore
Nova MSC Bhd’s wholly-owned subsidiary, novaCITYNETS Pte Ltd (NCN), has bagged a RM4.65 million contract from the Urban Redevelopment Authority of Singapore to implement and provide maintenance support for an Intelligent Code Checking System (ICCS).
The Star

Changi crowned as Asia’s most connected international airport
It placed eight in the global rankings. Changi Airport is still Asia’s most connected international airport in 2018, a study by UK air travel intelligence firm OAG revealed. The Lion City’s airport scored 253 in the firm’s connectivity index.
Singapore Business Review


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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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