Singapore morning news for September 7

Fintechs need more scrutiny from regulators: DBS CEO
Bloomberg reports that DBS CEO Piyush Gupta said regulators need to increase scrutiny of non-bank firms moving into the financial business.
— Singapore Business Review

Who’s the biggest winner in Singapore’s e-payments war?
Banks including DBS and OCBC are widely expected to be the top gainers in the heating e-payments battle as telcos like Singtel who are rolling out similar models fail to pose sufficient threat to banking heavyweights, according to Morgan Stanley.
— Singapore Business Review

Number of polytechnic courses for 2019 intake to be cut by 20
The number of polytechnic courses for next year’s student intake is set to be cut by about 20, as the Ministry of Education (MOE) moves to streamline courses to ensure students develop relevant skills for an evolving workforce. This is double the number that was reduced this year.
— TodayOnline

Facebook to invest $1 billion in first Asian data center in Singapore
Facebook (FB.O) said on Thursday it will invest more than $1 billion to build its first data center in Asia in Singapore, slated to open in 2022.
— Reuters

The best new mooncake flavours to try this Mid-Autumn Festival
Mooncakes have come a long way since the Yuan Dynasty, when they were used by Ming revolutionaries to distribute secret messages about a planned revolt against Mongol rule.
— Channel NewsAsia

Indian-origin ‘serial prank caller’ gets three-years jail term in Singapore
An Indian-origin “serial prank caller” in Singapore was on Thursday sentenced to three years of imprisonment for repeatedly making nuisance calls to the police, despite being arrested for the same offence previously.
— Channel NewsAsia

Shopping malls switch up tenants to draw crowds | Video
Malls in Singapore are increasingly making room for activity-based tenants offering experiential services, in a bid to keep traffic coming amid changing consumer habits. But is this enough to counter the trend of online shopping?
— Channel NewsAsia

Noble forms Asset Co and Trading Hold Co
Noble Group has formed two more subsidiaries in the British Virgin Islands, Noble New Assets Co Limited and Noble Trading Hold Co Limited, as part of its ongoing restructuring. The principal business of each is investment holding.
— Singapore Business Review

Mystery prize machines are back, boxes no longer a mystery
At least one mystery prize machine vendor is back in operation here – without the mystery.
— The New Paper

Costa Coffee to close all outlets in Singapore by Sept 16
Popular coffee chain Costa Coffee will close all of its outlets in Singapore by Sept 16.
— The Straits Times

NTUC Foodfare imposes more than $2k ancillary charges on top of $1.6k rental on hawkers
Last week (28 Aug), Makansutra food guru KF Seetoh published a write-up on his blog revealing the sorry state of affairs the whole Social Enterprise Hawker Centre (SEHC) initiative has turned into.
— TOC

HSR delay not likely to affect prices of property, say experts
The High-Speed Rail (HSR) between Kuala Lumpur and Singapore would have been a bonus for the Jurong area.
— The New Paper

PM Lee lauds Zaobao’s success, highlights paper’s key role in S’pore
Singapore has developed its own variation of Chinese culture and an identity that resonates with Chinese Singaporeans as well as Singaporeans of other races, Prime Minister Lee Hsien Loong said last night.
— The New Paper

Over 800 patients from 104 clinics prescribed medicine with inaccurately printed dosages; More than double of estimated patients affected by GPConnect glitch
More than 800 patients from 104 clinics were affected by the software glitch concerning medicine dosage labels, said Integrated Health Information Systems (IHiS) last Saturday (1 Sep).
— TOC

Singaporean living in Hokkaido recounts terrifying ordeal during quake
It was around 3am local time and Ms Adeline Ang was about to turn in when everything around her started to shake.
— The New Paper

Zaobao remains top Chinese paper in Singapore, 95 years on
“This is a significant achievement, considering the growing threat posed by disruptive innovations such as social media and free news content,” Singapore Press Holdings (SPH) chairman Lee Boon Yang said last night.
— The Straits Times

Singapore Airlines is back at No. 1, with a little help from Singapore Girls
“If someone orders a Japanese meal in first or business, it’s important you get the nuance of the service right, especially presentation,” explains Stefan Loe, my guide for the morning through this beauty-school-meets-international-diplomacy 101 – otherwise known as the Singapore Airlines Training Centre.
— Financial Review

Lianhe Zaobao serves as window to Chinese culture and the wider world, says PM Lee
Serving younger generations of Singaporeans as a window to the Chinese culture and the wider world has helped Lianhe Zaobao do well, even despite the challenging climate for traditional media, said Prime Minister Lee Hsien Loong on Thursday (Sept 6) evening.
— The Straits Times

Six months’ jail for man who set fire to Singapore national flag
Just one day after he was released from prison, an unemployed man ran foul of the law again by setting fire to the Singapore national flag on June 17.
— The Straits Times

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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.

Singapore morning news for September 7 added by Maria Mirasol Rasonable on September 7, 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.