Singapore morning news for January 15

Singapore morning news for January 15

Singapore morning news

Parliament Briefs : CAAS to develop system to monitor drones
The Civil Aviation Authority of Singapore (CAAS) plans to develop a system to monitor unmanned aircraft systems.
— Straits Times

32 O-level additional mathematics Paper 2 scripts from Singapore lost in Britain
An examiner’s bag containing 32 O-level additional mathematics scripts from Singapore was taken by mistake by a train passenger in Britain in November last year.
— The Straits Times

Singapore opposition Workers’ Party fears ‘wipe-out’ as election nears
The leader of Singapore’s only opposition party with members in parliament said there is a real risk it could lose all its seats as the city-state prepares for an election in coming years.
— Reuters

MOH gets boost in infectious disease surveillance
The Ministry of Health (MOH) will be able to remotely monitor people who may have infectious diseases, with the passing of the Infectious Diseases (Amendment) Bill yesterday.
— Straits Times

Bird found on Singapore Airlines plane 12 hours into 14-hour flight
A bird got a free ride on a Singapore Arilines flight from Singapore to London, and only got caught when the plane was two hours away from landing.

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Trek 2000 announces US$3 mil investment in local renewable energy solutions company
Trek 2000 International is acquiring a 7.5% stake in energy solutions company Terrenus Energy for US$3 million ($4.06 million).
— The Edge

O-Level results: Record 84.8% score at least 5 passes, highest since 1995
A record-breaking 84.8 per cent of students scored at least five passes at the GCE O-Level examinations last year, according to results released by the Ministry of Education (MOE) and Singapore Examinations and Assessment Board (SEAB) on Monday (Jan 14).
— Channel News Asia

Sapphire subsidiary wins $167 mil EPC contract in Chengdu
Sapphire Corporation, the infrastructure design and construction group in China, announced that the group’s 97.6% owned subsidiary, Ranken Railway Construction Group Co, has secured a Engineering, Procurement and Construction (EPC) contract of RMB 832 million ($166.5 million) related to its PPP project in Chengdu.
— The Edge

Singapore-Malaysia spat sets back joint development projects
Tensions between Singapore and Malaysia over territorial claims have worsened as the neighbors postponed a Monday meeting to discuss the development of border areas.
— Nikkei Asian Review (paywall)

CapitaLand bets on new markets with $4.4 billion Temasek real estate deal
Singapore’s CapitaLand (CATL.SI) is forking out S$6 billion ($4.4 billion) to scoop up logistics and industrial assets from state investor Temasek, in a deal the developer said would create Asia’s largest real estate investment manager.
— Reuters

IT agency involved in SingHealth cyber attack fires 2 staff, fines CEO & 4 members of senior management
A third employee didn’t seem able to recognise what a ‘security incident’ was, and persistently failed to report them.
— Mothership

S’pore remains top bunkering port in 2018
Singapore retained its position as the world’s leading bunkering port last year while also increasing the number of containers that passed through the docks.
— Straits Times

Diplomatic rift with Malaysia unlikely to be over soon: Singapore foreign minister
Singapore’s diplomatic rift with Malaysia over airspace and maritime boundaries is unlikely to go away soon, the Lion City’s Foreign Minister Vivian Balakrishnan said on Monday, as he blamed the island state’s larger neighbour for a “downward spiral” in ties.
— South China Morning Post

Get new notes for CNY at 42 pop-up ATMs
DBS/POSB customers keen to get their hands on new and good-as-new notes for the upcoming Chinese New Year will be able to do so from today at any of 42 temporary ATMs installed across the island.
— Straits Times

MAS moves to attract listings, boost equity research talent
THE Monetary Authority of Singapore (MAS) on Monday unveiled a S$75 million initiative to help boost equities research and enhance Singapore’s status as a hub for equity listings.
— The Business Times

RTS Link behind schedule, likely to be delayed: Khaw Boon Wan
The planned Rapid Transit System (RTS) Link between Johor Baru and Singapore is behind schedule and not progressing well, Transport Minister Khaw Boon Wan said yesterday.
— Straits Times

Freight forwarder cleared of shipping fakes
Luxury brands Burberry and Louis Vuitton have failed in their attempt to hold a freight forwarder liable for trans-shipping fakes in two 40-foot containers from China to Batam through Singapore.
— Straits Times

More than 2,400 checks conducted on food caterers in 2018: Amy Khor
The National Environment Agency (NEA) conducted more than 2,400 checks on food caterers last year, Senior Minister of State for the Environment and Water Resources Amy Khor said in Parliament on Monday (Jan 14).
— Channel News Asia

S$75m grant to boost Singapore as enterprise financing hub
The Monetary Authority of Singapore (MAS) will launch a new S$75 million grant to help enterprises seeking to raise capital through Singapore’s equity market.
— Channel NewsAsia

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TTSH lapse: MOH ordered immediate safety reviews at all places
The Ministry of Health (MOH) instructed all public and private healthcare institutions to conduct immediate safety reviews after it discovered that some dental equipment which had not been sterilised fully was used at Tan Tock Seng Hospital (TTSH).
— Straits Times

Creative set to sell Super X-Fi tech in OEM market
Creative Technology said yesterday that it is ready to work with original equipment manufacturers (OEMs) to incorporate its Super X-Fi headphone technology into their products after getting a good response from some large players at last week’s CES tech trade show.
— Straits Times

Singapore not afraid to use ‘sharp elbows’ to safeguard national interests, says Dr Balakrishnan
Questioning Malaysia’s sincerity in resolving the bilateral disputes, several Members of Parliament (MPs) on Monday (Jan 14) wanted to know how much Singapore is willing to tolerate, in the face of continued provocation by its neighbour despite repeated warnings from the Republic.
— Today Singapore

$4.4 billion Singapore deal creates Asia’s largest real-estate group
CapitaLand Ltd. said it would buy another real-estate company from Singapore state investment firm Temasek Holdings Pte. for more than US$4 billion dollars.
— MarketWatch

CITIC Envirotech secures 3 projects in China worth $292 mil
CITIC Envirotech (CEL) has secured three projects in China worth a total of RMB 1.46 billion ($292.3 million). The first is a RMB 506 million public-private-partnership (PPP) project in Dongyuan County, Guangdong Province.
— The Edge

Construction demand in Singapore to stay strong, reach up to $32b this year: BCA
Construction demand is expected to remain strong this year due to sustained public sector contracts, as the industry continues to recover from a challenging three-year spell.
— The Straits Times

Oxley’s $950m hotel divestment could see 4.7% gross yield: analyst
The deal may ease concerns on debt payment risks with its $450m retail bonds maturing in November 2019.
— Singapore Business Review

LTA eyes for 45-minute Singapore city travel by 2040
Under the masterplan, public transport is seen as a transport mix termed Walk-Cycle-Ride and would include rail, buses, private hire cars as well as active mobility devices like e-scooters and bicycles.
— Singapore Business Review

SingHealth cyberattack: IHiS sacks 2 employees, imposes financial penalty on CEO
Several other IHiS employees were commended for handling the incident beyond their job scope and responsibilities.
— Channel News Asia

Singapore may restrict LGBTI adoption after gay father adopted biological son
Singapore is looking to tighten its adoption laws after a gay man won an appeal to legally adopt his biological son in a landmark court ruling last year, its Social Affairs Minister said.

CPIB report after FAS fires director?
A scandal at the Football Association of Singapore (FAS) involving the procurement of services has been uncovered. An email which has been circulating alleges that a senior staff member of the FAS has been told to leave after it was discovered that he was found guilty of various issues involving the procurement of services through …
— The Online Citizen

Bill that sets new legal tender limits for coins passed in Parliament
The number of coins that a buyer can use in a single transaction will be streamlined and standardised to 20 coins per denomination after Parliament passed the Currency (Amendment) Bill on Monday (Jan 14).
— Channel News Asia

Is Corporate Singapore ready for a new tax world?
WITH the 2019 Singapore Budget around the corner, the government faces complex and interconnected choices on how best to deploy fiscal tools to encourage job and wealth creation to enhance its economic competitiveness, while ensuring sufficient tax revenues to fund public spending. Policymakers are pressed to better fund healthcare and education, provide support for young parents, invest in infrastructure and keep the country secure.
— The Business Times

Online businesses in Singapore most globalised; policies a challenge: poll
SINGAPORE is home to the highest percentage of online businesses selling globally, according to a report published by technology firm Stripe that surveyed companies across 15 markets.
— The Business Times

NEA wants to speed up alerts on food licence suspensions
The National Environment Agency (NEA) is looking at ways to alert people more quickly about food operators who have had their licences suspended.
— Straits Times

More payment services to be regulated by MAS
Parliament passed a law yesterday that puts more payment services, such as digital payment tokens and merchant acquisition, under the ambit of the Monetary Authority of Singapore (MAS).
— Straits Times

Seven operators set to apply for PMD-sharing licence here
Seven firms applying for LTA licence confident they won’t face problems that plagued bike-sharing

Doing well in O levels despite hearing loss, speech issues
At the age of four, when most of his peers were learning to read and write, Ryan Lu was learning to read lips.
— Straits Times

Bali police allegedly quiz Indonesian here without permit
An Indonesian businessman with interests in the hotel industry and real estate claimed two police officers from Bali tried to take him back to the island while he was recovering in a Singapore hospital.
— Straits Times

SingHealth cyberattack: IHiS fires 2 managers, financial penalties for 7 including CEO
Two senior managers at the Integrated Health Information Systems (IHiS) have been sacked for being “negligent” and “in non-compliance of orders” during the 2018 SingHealth cyberattack, which contributed to the unprecedented scale of the incident.
— Yahoo News

Large payment-service providers must safeguard money in consumers’ e-wallets under new law
Consumers who deposit money into their mobile wallets with larger payment-service providers can be assured that their money will be safe, even if the companies go belly up.
— Today Singapore

Elections this year? Not before HDB clarifies refinancing policies first, says UBS
Singapore needs to clarify details of how HDB owners can retain the value of their properties under a proposed government scheme. If not, general elections, which has been rumoured to be called this year, has “no way” of happening.
— The Edge

Singapore may tighten adoption law after gay father adopted son
Singapore is looking to strengthen its adoption laws after a gay man won an appeal to legally adopt his biological son in a landmark court ruling last year, its social affairs minister said on Monday.
— Reuters

Grab partners with CapitaLand for loyalty programme tie-up
Users’ GrabReward points can be converted into STAR$ and exchanged for CapitaVouchers.
— Singapore Business Review

Data centre operators turn West amidst Tai Seng space crunch
Roughly 700,000 of data centre space is expected to have been completed in 2018 with the stock set to more than double by 2022.
— Singapore Business Review

QR-code system for bike-sharing kicks in
An islandwide Quick Response (QR) code system to ensure that shared bicycles are parked within designated areas kicked in on Monday (Jan 14), catching some riders unawares.
— Channel News Asia

Control of infectious diseases to get boost through amendments to Act
The control of infectious diseases within Singapore will be given a shot in the arm through amendments made to the Infectious Diseases Act.
— Channel News Asia

MOE, unis will continue to build local academic core
Singaporeans account for half of the faculty at the six local universities, with the number remaining stable over the last 10 years, said Education Minister Ong Ye Kung.
— Straits Times

ST Engineering’s marine arm secures $560 mil new contracts in 4Q18
ST Engineering says that its marine arm has secured $560 million worth of new contracts in 4Q18.
— The Edge

MAS to launch $75m grant for Equity Market Singapore
The Monetary Authority of Singapore (MAS) is set to launch a new $75m grant for Equity Market Singapore (GEMS) on 14 February in its efforts to enhance Singapore’s role as Asia’s centre for capital raising and enterprise financing, an announcement by minister for finance and MAS board member Heng Swee Keat at the UBS Wealth Insights conference revealed.
— Singapore Business Review

Is Genting Singapore A Bargain Now?
What do Genting Singapore’s metrics tell us about the company?
— Motley Fool sg

New idea brewing: Researchers convert coffee waste into fire retardant coating, adhesive
Two years after they found a way to turn coffee waste into biodegradable plastic, scientists from Nanyang Polytechnic have discovered how to convert used coffee powder into a material with fire-retardant qualities.
— Today Singapore


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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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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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