Singapore morning news for September 5

Govt accepts recommendations of Active Mobility Advisory Panel; restricts speed limit for PMDs to 10km/h on footpaths
The Ministry of Transport (MOT) has announced that it has accepted all of the following recommendation submitted by the Active Mobility Advisory Panel for a safer path and will implement them in early-2019.
— TOC

Forrester Releases Inaugural Singapore 2018 Customer Experience Index
Singapore brands provide customers with weak customer experience (CX), according to Forrester’s inaugural Singapore Customer Experience Index (CX Index(TM)).
— AEC News Today PR Newswire (media release)

First major property launch since cooling measures in Shunfu Road
The developer is selling units at an average price of $1,700 per sq ft.
— The News Paper

Crayon Continues Dramatic Business Acceleration In South East Asia With Expansion of their Artificial Intelligence (AI) Practice and Multiple New Market Entries
Crayon Group, the global software experts, have announced that they will be establishing an AI Center of Excellence (CoE) in Singapore to serve clients in South-East Asia (SEA).
— AEC New Today PR Newswire (media release)

GIC sells 50% stake in Sydney skyscraper for $889m
Chifley Tower houses Snapchat, Blackrock, Morgan Stanley, and UBS as its tenants.
— Singapore Business Review

SIA cancels Singapore-Osaka flights after airport closure due to Typhoon Jebi
Singapore Airlines (SIA) has cancelled four flights to Osaka following the closure of Kansai International Airport due to floods caused by Typhoon Jebi.
— The Straits Times

CPF retains ninth spot in world’s biggest pension funds
The Lion City’s Central Provident Fund (CPF) finished as the ninth biggest pension fund in the world with its assets hitting $369.6m (US$269.13m) in 2017, a research by advisory firm Willis Towers Watson revealed.
— Singapore Business Review

All That Matters announces more speakers than ever before
All That Matters, Asia’s leading entertainment industry conference and festival, returns to Singapore from September 7-12.
— AEC News Today PR Newswire (media release)

More than 40 e-scooters stored in Yishun flat
An online business operating from a Housing Board flat in Yishun has been told to stop selling e-scooters after complaints from neighbours.
— The New Paper

Taiwan equity market to launch ‘continuous trading’ in 2020
Currently, the major equity markets in the world such as New York, London, Tokyo, Hong Kong, Singapore, Shanghai, Shenzhen, Seoul, Bangkok and Kuala Lumpur, use continuous trading platforms, the FSC said.
— Focus Taiwan

SCDF officer in fatal ragging case intends to claim trial
A Singapore Civil Defence Force (SCDF) officer, who was allegedly involved in a ragging incident that led to the death of a full-time national serviceman in May, intends to claim trial.
— The New Paper

Factually and legally wrong to say HDB flat owners are merely renting the units: Lawrence Wong
It is “factually and legally wrong” to claim that Housing Board flat buyers do not own their flats and are merely renting them, said Minister of National Development Lawrence Wong.
— The Straits Times

UOB prices $796.76m bonds at 0.25%
According to an announcement, said bonds will be guaranteed as to payments of interest and principal by Singapore finance firm Glacier Eighty (CBG).
— Singapore Business Review

Activists and SDP respond to MP Seah Kian Peng’s allegations
In his post, Seah took the opportunity to also drag opposition party Singapore Democratic Party (SDP) and Function 8 founder Ms Teo Soh Lung into the fray, accusing all of them trying to bring a foreign power to intervene in Singaporean domestic politics. Neither Ms Teo nor SDP members were present at the meeting with Dr Mahathir.
— TOC

Commentary: Singapore Airlines’ rebrand must not downplay the Singapore Girl
While the Singapore Girl is SIA’s most easily recognised icon, her popularity with passengers also strengthens the company’s employment value proposition, says one observer.
— Channel NewsAsia

Is there a public housing crisis in Singapore? NDRS 2018 edition
After watching prime minister Lee Hsien Loong’s 2018 National Day Rally speech, many Singaporean homeowners asked the question: Is it worth it to opt into the new housing improvement (HIP 2) and voluntary early redevelopment scheme (VERS)?
— TOC

Singapore’s wild swing at the Oscars
Mike Wiluan’s directorial debut, period action adventure Buffalo Boys, has been picked as Singapore’s submission to the Academy Awards in the Foreign Language Film category.
— The Straits Times

The chips are up: Singaporean start-up packing a punch with traditional dish flavours
A Singaporean start-up is finding favour with its locally-inspired potato chips — available in Hainanese Chicken Rice and Singapore Laksa flavours — now on the shelves in leading supermarkets.
— Food Navigator

Taiwan duo jailed for cop impersonation scam
Other parties were pressured into acting as mules, withdrawing money transferred to their accounts and handing the cash to the Taiwanese in Singapore.
— The New Paper

SF Airlines opens new cargo line linking Shenzhen, Singapore
SF Airlines, the aviation branch of China’s express giant SF Express, on Tuesday opened a new direct all-cargo air route linking Shenzhen, in south China’s Guangdong Province, with Singapore.
— Xinhuanet

Wealth managers getting 30% pay hikes as Singapore and Hong Kong wage talent war
Singapore and Hong Kong are waging a war for wealth managers in a bid to lure Asia’s millionaires as private banks are willing to offer pay hikes between 30-45% to secure the best talent.
— International Investment

Qingjian Realty launches Singapore’s first fully-smart private development
As Singapore’s first fully-smart development, JadeScape’s common areas will be equipped with smart devices that can be monitored via the Smart Estate Management system.
— PropertyGuru

Feature photo TheUjulala

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.

Singapore morning news for September 5 added by Maria Mirasol Rasonable on September 5, 2018
View all posts by Maria Mirasol Rasonable →

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Maria Mirasol Rasonable

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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.