Singapore morning news for April 24

Singapore morning news for April 24

Singapore morning news

Singapore inflation misses estimates
After a slew of weak activity data, inflation not surprisingly also disappoints in March
— Think Ing

Singapore’s pre-election cabinet change sets Heng up for top job
Singapore’s Finance Minister Heng Swee Keat was promoted to deputy prime minister on Tuesday, a move that further positions him to succeed Prime Minister Lee Hsien Loong.
— The Edge Singapore

‘We fell short’: NUS president apologises to alumni over handling of sexual misconduct case
The president of the National University of Singapore (NUS) on Tuesday (Apr 23) apologised to the school’s alumni for the way a sexual misconduct case was handled, after the victim took to social media to call for tougher action.
— CNA (very annoying popups)

Singapore: Below expectations March CPI data – ANZ
Khoon Goh, head of Asia research at ANZ, points out that the Singapore’s CPI data for March came in below expectations on both the headline and core measures.
— FX Street

Hire-and-fire strategy in the financial services sector will ‘no longer work’: MAS chief
The hire-and-fire strategy traditionally used by financial institutions to deal with business transformation will “no longer work”, said Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).
— Today Online

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Heng Swee Keat to be promoted to DPM in Cabinet reshuffle
Finance Minister Heng Swee Keat will be promoted to Deputy Prime Minister as part of the latest changes to the Cabinet, the Prime Minister’s Office (PMO) announced on Tuesday (Apr 23).
— CNA (very annoying popups)

German FDI in ASEAN Part IV: The Philippines and Singapore
German investment in the ten member states of the Association of Southeast Asian Nations (ASEAN) has been increasing steadily and has the potential to grow further in the coming years.
— Asean Briefing

Singapore looks to prep financial workforce for data analytics, automation era
Singapore has identified 121 job roles it believes will account for the majority of future skillsets needed in the financial sector when data analytics and automation become pervasive.
— ZD Net

MOH announces cut in overseas registered schools approved for practice in Singapore
The Ministry of Health (MOH) announced on April 18 that it has revised the list of overseas medical schools for registration to practice in Singapore.
— The Independent

Minister K Shanmugam’s comments on egg-throwing threat and non-comment on the NUS scandal.
Just leaving it out here for readers to compare the two comments made by Minister of Home Affairs and Law, K Shanmugam on the alleged egg-throwing threat which the police took action upon and the case of outrage of modesty which the police choose to issue a 12-months conditional warning.
— The Online Citizen

Mediacorp partners VICE to bring original content to Singapore
Mediacorp announced on Tuesday (Apr 23) it is collaborating with youth media company VICE to bring a raft of original VICE digital and TV content to Singapore audiences.
— CNA (very annoying popups)

First phase of mega Singapore port project on track for 2021 launch
Singapore on Tuesday said its plans to build the world’s biggest container terminal in a single location were on track, as it held a ceremony to mark a milestone in the initial construction phase of the mega-project.
— The Edge Markets

HNA unit’s lenders seize assets as payment deadline missed
Lenders to HNA Group Co.’s CWT International seized control of assets in Singapore, China and the US after the unit failed to repay amounts due on its credit facility.
— The Edge Singapore

P&G’s Singapore Innovation hub is forging stronger bonds between marketing and R&D
As Procter & Gamble (P&G) recently committed $12m (£6.8m) to further expand its innovation centre in Singapore, with plans to launch as many as new 10 brands into the market in the coming years.
— The Drum

Sea storms that could have cut short Singapore’s port history
Singapore, a renowned ancient port for Asian trade, could have failed numerous times after Sir Stamford Raffles’ arrival.
— Straits Times (annoying popups)

Merdeka Generation: Keeping the kampung spirit alive
For many, longkang (Malay for drain) is an unremarkable neighbourhood fixture. But for Mok Loi Wong, the longkang brings back memories of a pond where he swam and caught fish after rainy days.
— Straits Times (annoying popups)

Tharman: Heng Swee Keat and the 4G team must carve their own way as leaders
Deputy Prime Minister (DPM) and Coordinating Minister for Economic and Social Policies Tharman Shanmugaratnam recently posted on Facebook regarding “a major step in leadership succession” taken today (23 April) for Singapore’s future.
— The Online Citizen

Piano teacher admits to molesting five-year-old student
On the pretext of correcting his five-year-old student’s posture, a 19-year-old part-time piano teacher slipped his hands inside her panties and placed a hand on her private parts.
— Today Online

Singapore finance chief a step closer to top job in cabinet reshuffle
The Prime Minister’s Office of Singapore on Tuesday announced that Finance Minister Heng Swee Keat would be promoted to deputy prime minister effective from May 1, an appointment that is seen as Heng taking a step closer to becoming the country’s next prime minister.
– Nikkei Asian Review (paywall)

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Don’t demonise China but neither be its vassal state: Ho Kwon Ping
The current United States and China trade tensions, businessman Ho Kwon Ping thinks, is not about a trade war but about a paradigm shift towards China becoming a major global player who does not want to play by Western rules.
— The Edge Singapore

Singapore cancels Ofo’s bike-sharing licence
Chinese bike-sharing company Ofo’s licence was cancelled by the Singapore transport authority after missing a deadline to remove its bicycles from public spaces as of March.
— Asia Times

Peeping tom case: Penalties by NUS ‘manifestly inadequate’, Ong Ye Kung says
Addressing the ongoing public outcry over the actions taken by the National University of Singapore (NUS) on a peeping tom who filmed an undergraduate showering, Education Minister Ong Ye Kung said that for offences that affect the safety of students on campus, there has to be a “tough stand” to send a strong signal to everyone.
— Today Online

Foreign minister says water price dispute with Singapore not about profit but fairness
Negotiations on the price of raw water sold to Singapore must pursue an equitable outcome that does not favour any one side, said Foreign Minister Datuk Saifuddin Abdullah.
— Malay Mail

Singapore’s core inflation eases to 1.4% in March
Singapore’s core inflation eased to 1.4 per cent year-on-year in March from 1.5 per cent the previous month, according to figures released on Tuesday (Apr 23).
— CNA (very annoying popups)

ComfortDelGro deepens footprint in Australia with A$28.3 mil bus acquisition
ComfortDelGro Corporation announced Tuesday it is acquiring Australian bus service operator B&E Blanch for A$28.3 million ($27.5 million).
— The Edge Singapore

NUS voyeur leaves Great Eastern, after firm suspends him for ‘misconduct’
A National University of Singapore (NUS) undergraduate who was caught filming a fellow student in a hostel toilet has resigned from his role at Great Eastern after the company placed him on immediate suspension.
— Today Online

Daily Briefing: Singapore’s private banks struggle to hire and retain RMs; Biotech startup RWDC Industries raises nearly $30m in series
Of the top-20 largest private banks by RM headcount in Asia, eight employed fewer bankers at the end of 2018 than they did a year previously, according to new figures from Asian Private Banker.
— Singapore Business Review

Former brigadier-general and SAF commander Cheng Siak Kian to become SBS Transit’s COO
Former brigadier-general and commander of the Republic of Singapore Air Force Cheng Siak Kian will be returning to Singapore to take on the role of Chief Operating Officer (COO) of bus and rail operator SBS Transit starting 1 July.
— The Online Citizen

7 Singapore-based blockchain projects that are having global impact
Big names, small origins With the heightened negativity associated with cryptocurrencies, many would assume that blockchain, the accompanying technology is dead.
— e27

SPH, Perennial ink MOU to hold joint events, tap customer bases
Singapore Press Holdings (SPH) and Perennial Real Estate Holdings (Perennial) have entered into a strategic partnership with the signing of a memorandum of understanding (MOU) between SPH deputy chief executive Anthony Tan and Perennial CEO Pua Seck Guan at The Capitol Kempinski Hotel Singapore yesterday.
— Straits Times (annoying popups)

UOB and KrisFlyer launch credit card for pairing with savings account to earn air miles from spending
United Overseas Bank (UOB) and KrisFlyer have launched the KrisFlyer UOB Credit Card.
— The Edge Singapore

Is Minister K Shanmugam going to keep his silence on the police’s decision regarding the NUS scandal?
by Simon Lim I applause Education Minister Ong Ye Kung who came out promptly not to defend National University of Singapore for imposing a one semester suspension on Nick Lim but to admit that the penalties imposed on him are manifestly inadequate which they indeed are. Bravo Mr Ong.
— The Online Citizen

Grab introduces new and upcoming services in Singapore
Grab formally announced the addition of four new services, namely on-demand video streaming, hotel booking, tickets booking, and trip planner on its platform at an event in Singapore on Tuesday
— Kr Asia

Sharp spike in web threats against S’pore Internet users in 2018: Cyber security firm
More than four million web threats against Internet users here were detected and blocked last year, an increase of over 260 per cent from 2017, according to cyber security firm Kaspersky Lab.
— Today Online

NUS apologises for falling short in providing support to victim
The National University of Singapore (NUS) has apologised for the way it handled the case of sexual misconduct that was brought to light by one of its students, Ms Monica Baey, whose posts on social media caused outrage both within and outside the campus.
— Straits Times (annoying popups)

NUS president Tan Eng Chye says sorry on behalf of NUS for how voyeurism case was handled
Two strikes policy should be applied to minor offences.
— Mothership

Teo Chee Hean to step down after 10 years as DPM; to stay in Cabinet as Senior Minister
Mr Teo Chee Hean will be stepping down from the post of deputy prime minister (DPM) after 10 years, as part of a Cabinet reshuffle announced by the Prime Minister’s Office on Tuesday (Apr 23).
— CNA (very annoying popups)


Feature photo Nanyang Technological University, Singapore

This week’s Singapore morning news feature photo acknowledges Girls in ICT Day, 25 April.


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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Piseth Pov graduated with a Bachelor’s degree in Economics Science from the Royal University of Law and Economics, Phnom Penh in 2017, and a Bachelor’s degree in English Communications from Western University, Phnom Penh, the same year.

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