Singapore morning news for September 27

Singapore morning news for September 27
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Singapore morning newsTraining facility opens at Tuas Naval Base, as two Singapore navy warships become ready for action
A new training facility was opened at Tuas Naval Base on Wednesday (Sept 26) to prepare sailors for operations on board Singapore’s latest home-built high-tech warships, as another two of the fleet became ready for action.
Straits Times

Singapore’s manufacturing output growth falls to 3.3 pct in August
Singapore Economic Development Board announced on Wednesday that the city-state’s manufacturing output grew by 3.3 percent year on year in August, compared to the revised 6.7 percent increase in July.

S$50b in tax revenue collected last year as stamp duty revenue jumps nearly 50%
More than S$50 billion in tax revenue was collected in the last financial year as revenue from stamp duties jumped by nearly 50 per cent, data released by the Inland Revenue Authority of Singapore (IRAS) on Wednesday (Sep 26) showed.
Channel NewsAsia

Singapore’s new digital trade platform can help build cross-border linkages
A new digital national trade platform, officially launched on Wednesday, can enable cross-border trade linkages through technology.
The Business Times

Singapore Honors Outstanding Researchers At PSTA 2018
Four individuals and a team of four have been awarded this year’s President’s Science and Technology Awards (PSTA), the highest honors conferred upon research scientists and engineers in Singapore.
Asian Scientist Magazine

Demand for high-end segment remains resilient in Singapore despite higher ABSD
On July 5, the government has acted to cool the red hot residential property market by introducing a fresh round of cooling measures, which included higher Additional Buyer’s Stamp Duty (ABSD) rates and tighter Loan-to-Value (LTV) limits.

Singapore startup Alchemy FoodTech raises 7-digit sum to fund innovations tackling diabetes
Singapore-based foodtech startup, Alchemy FoodTech, has secured a seven-digit investment in a pre-series A round led by Heritas Capital Management, and co-led by Seeds Capital, the investment arm of Enterprise Singapore.
The Business Times

Singapore is 2nd most visited city in Asia-Pacific, 5th in the world: Mastercard
Almost 14 million tourists visited Singapore in 2017, helping the country retain its position as the fifth most visited global destination out of 162 cities, and the second most visited in Asia-Pacific behind Bangkok – based on the latest Mastercard Global Destination Cities Index released on Tuesday (Sept 25).
Straits Times

Singaporean lodges report after Malaysian immigration officer allegedly tore his passport for hush money
A Singaporean man has lodged a report with the police after a nasty experience with a Malaysian immigration officer, who allegedly defiled his passport and asked for some hush money if he wanted to enter the country.

VoxSmart helps Singapore’s energy and commodity firms trade over WhatsApp
UK based regulatory technology firm VoxSmart is helping Singapore’s leading energy and commodity firms boost revenue and manage risk by enabling employees to trade across Instant Messaging platforms like WeChat and WhatsApp.

Singapore’s silver tsunami: Is HR prepared?
According to reports, Singaporeans live longer than most of their peers in the region.
HRD Asia

Mandarin Orchard Singapore marks sixth consecutive win as Best City Hotel in Singapore at the 29th Annual TTG Travel Awards 2018
Mandarin Orchard Singapore was named “Best City Hotel-Singapore” at the 29th Annual TTG Travel Awards 2018, marking the hotel’s sixth consecutive year to clinch the coveted title.
– AEC News Today/PRNewswire (media release)

Work smarter to tackle Singapore’s healthcare skills shortage
Singapore’s healthcare system takes the lead in efficiency, boasting the most favourable ratio of spend versus health outcomes, among 16 countries globally included in our latest Future Health Index report.
The Business Times

Grab Shuts Down Late-Night Carpooling in Singapore Over Intoxicated, Argumentative Passengers
Ride-hailing firm Grab said on Wednesday it would stop offering car-pooling services during late-night hours in Singapore after drivers complained about some passengers being drunk and argumentative.

Tencent engineer slapped with fine for hacking hotel Wi-fi in Singapore
The State Courts of Singapore have slapped an engineer of Chinese internet giant Tencent Holdings with a S$5,000 (US$3,663) fine for hacking into a hotel’s Wi-fi server during his stay in the city state last month.
South China Morning Post

Singapore can afford to be more aware of regional neighbours’ speedy progress  
Although I do research on South-east Asia, everytime I am in one of the region’s major cities like Jakarta, Bangkok or Ho Chi Minh City, I am still always surprised by how fast these cities are growing.

Singapore dollar’s rise against the ringgit accelerates to 2018 high
The Singapore dollar continued its ascent against the Malaysia currency on Wednesday (Sep 26) to reach a 2018 high against the ringgit.
Channel NewsAsia

Singaporean online concierge Honestbee continues regional push with support from South Korea
Honestbee, a Singapore-based online concierge that delivers things like groceries, food, flowers, and parcels to its customers, has its eyes fixed on regional markets.

Dr Christine Cheung On Why Singapore Needs More Leading Female Scientists
Dr Christine Cheung, who researches at the Laboratory of Molecular and Vascular Medicine at Nanyang Technological University (NTU), is the only woman honouree at this year’s Ten Outstanding Young Persons of Singapore award show organised by the Junior Chamber International Singapore.

Microsoft, AI Singapore and NUS to develop and reinforce SG’s AI capabilities
Today, Microsoft announced its collaborations with AI Singapore (AISG) to foster a greater aptitude in AI among Singapore’s workforce, and National University of Singapore (NUS) aimed at applying artificial intelligence (AI) to enhance research.
Enterprise Innovation

HSBC Singapore ramps hiring to tap growing Asia wealth
As HSBC mounts an aggressive push to tap the burgeoning wealth in Asia, HSBC Singapore has targets to double total wealth – including deposits and investments – from the retail and private banking segment over the next five years.
– International Investment

Bulls Dominate as Oil Traders Wrap Up Their Annual Asian Shindig
The biggest gathering of oil traders in the world’s hottest market is drawing to a close.
As they leave Singapore and head back to their desks in Geneva, Houston and Shanghai, the mood is the most bullish it’s been in years.
Bloomberg Quint

COI on SingHealth cyber attack: Failings in judgment, organisation exposed
Failings in organisational processes and staff judgment were exposed by the committee probing June’s SingHealth cyber attack, as a key technology “risk man” was grilled on Wednesday (Sept 26).
Straits Times


Feature photo: Rhododendrites

This week’s Singapore morning news feature photo acknowledges World Maritime Day September 27.


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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