Singapore morning news for February 27

Singapore morning news for February 27

Singapore morning news

National consortium formed to help companies combat bacteria
To combat the spread and persistence of bacteria which lead to health scares such as food poisoning and antimicrobial resistance, a cluster of microorganisms called biofilms must be suppressed.
— Straits Times (annoying popups)

Singapore telcos are slugging it out, so enjoy the benefits while they last
It’s hard to complain when you are getting such generous offers from telecom operators here in Singapore, with each one slashing prices to give more data on the go.
— Today Online

Singapore is 5th best for Chinese real estate capital investors
According to US commercial real estate services firm Cushman & Wakefield, Chinese investors have been pouring funds into Singapore’s real estate, reaching US$650 million in four recent acquisitions in 2018, as cited in the report.
— The Independent

Singapore’s Biggest Headhunter Wants to Nab China’s Workaholic Job Seekers
In some quarters, a lack of work-life balance is not always a bad thing.
— Bloomberg

Singapore’s factory output posts 1st contraction since December 2017
Singapore’s factories had a stuttering start to the year as manufacturing output turned in its first negative print since December 2017, amid uncertainties in US-China trade tensions.
— Channel NewsAsia (very annoying popups)

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Commentary: Beyond loans and grants, Singapore entrepreneurs should seek out equity investments to grow their companies
The venture capital world pays close attention to which start-ups get investments from the who’s who of the investment world, says NUS Enterprise’s Jonathan Chang.
— Channel NewsAsia (very annoying popups)

No hard feelings; consumers may soon switch banks with ease
SINGAPORE banks may soon have to make it easy for customers to compare products and services for better financial planning, and then, for consumers to quickly switch between competing offers.
— The Business Times

As S’pore society ages, the inmate population greys too
More people aged above 60 were sent to prison and the Drug Rehabilitation Centre (DRC) last year.
— Straits Times (annoying popups)

Customer experience digital transformation journeys simplified
Need support for everyday tasks such as making fund transfers, getting a doctor’sappointment or booking hotel rooms? The days of long minutes on hold and questions that don’t make sense are numbered, thanks to Tetherfi
— Straits Times (annoying popups)

Singapore in the spotlight
Part of Singapore Tourism Board’s global campaign “Passion Made Possible”, the “Culture Shaper” tribe is designed to showcase the diverse arts scene in Singapore to Thais interested in arts and cultures.
— The Nation (very annoying popups)

New Defense Training Puts Singapore’s Cyber Challenge Into Focus
Announcements last week spotlighted some of the ongoing activity by the Southeast Asian state in the cyber defense realm.
— The Diplomat (paywall)

NUS, NTU shine in university rankings by subjects; SMU breaks into top 50 for business
The Republic’s two leading universities – the National University of Singapore and Nanyang Technological University – have done well in a league table comparing universities around the world by subjects.
— Straits Times (annoying popups)

Ex-DBS CFO Jeanette Wong tipped to join UBS board
THE world’s largest wealth manager UBS plans to add top DBS banker Jeanette Wong and former New York Federal Reserve chief William Dudley to its board, the Swiss bank said this week.
— The Business Times

ST Engineering gets authorisation for first beyond visual sight drone test flight
ST Engineering’s aerospace division became the first in Singapore to receive authorisation from the Civil Aviation Authority of Singapore (CAAS) to conduct Beyond Visual Line of Sight (BVLOS) trials over the Lower Seletar reservoir.
— The Edge Singapore

Top 20 best funded startups in Singapore
Having successfully diversified its economy, Singapore has become a regional and global hub for technology and startups. It is now home to one of the most developed startup eco-system in Asia, with an ever-growing number of companies using the country as a base to manage their operations in the region and beyond.
— AseanUp

Singapore factory output contracts for 1st time in a year with 3.1% drop in January
Singapore’s manufacturing output slid by 3.1 per cent in January compared to last year, said the Economic Development Board (EDB) on Tuesday (Feb 26).
— Straits Times (annoying popups)

Singapore is the heart of healthtech in Southeast Asia
Singapore has long been a hotbed for startups in Southeast Asia, often leading the pack in new ways to use tech in the region
— Kr Asia

Prison aftercare scheme instils discipline, helps to turn inmate’s life around
He studied for a second diploma while in prison, and found a job as an executive at a hotel after being released. Matt (not his real name) is now studying part-time for a degree and plans to pursue his Masters one day.
— Today Online

Sembawang MPs to man the fort for Transport Minister Khaw while he’s on medical leave
Sembawang Members of Parliament (MPs) will step up to fill in for Coordinating Minister for Infrastructure and the Minister for Transport Khaw Boon Wan who is currently on medical leave due to a fractured arm.
— The Independent

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Straits Times survey finds Singapore’s fastest-growing companies
Firms that set the pace these days tend to be in the technology sector but one of Singapore’s fastest growing companies is in the far-from-glamorous field of recycling precious metals.
— Straits Times (annoying popups)

1 killed, 16 injured in bus accident at Tuas checkpoint; heavy vehicle lane into Singapore closed
One person was killed and 16 were taken to hospital after a bus accident occurred at Tuas Checkpoint at 4.21am on Tuesday (Feb 26).
— The Star Online

Impossible Foods to launch plant-based ‘meat’ in Singapore in March
It will be available at eight partner restaurants including Park Bench Deli, Potato Head Singapore and Prive Orchard from Mar 7.
— Channel NewsAsia (very annoying popups)

Now trending: Thoughtful mother travelling with infant distributed sweets and ear plugs to passengers on flight
Every parent knows that travelling with an infant is no easy feat, but one particular mom went out of her way to make passengers feel better by providing a thoughtful package.
— The Independent

Maybank beats forecast with highest quarterly profit in 2 years
Malayan Banking Bhd (Maybank) beat expectations with a 9.1 per cent rise in quarterly net profit, its highest profit in two years, as Islamic banking income soared and net interest income grew for Malaysia’s largest lender.
— Straits Times (annoying popups)

Mikhy Brochez admits threatening Singapore Government over HIV data leak in FBI affidavit
The United States citizen accused of sending out the personal information of thousands of people from Singapore’s HIV registry had threatened the Government he would make the data public if it did not release his husband.
— Channel NewsAsia (very annoying popups)

Registers of electors open for public inspection from Feb 26 to March 11
The registers of electors will be open for public inspection from Feb 26 to March 11, the Elections Department said on Monday (Feb 25).
— Today Online

Local banks to face greater asset risks due to worsening macroeconomic conditions: Moody’s
Singapore’s three largest banks by assets, DBS Bank, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) will face greater asset risks this year due to worsening macroeconomic conditions despite ending 2018 with record net profits, stable asset quality and strong capital, says Moody’s Investors Service.
— The Edge Singapore

Here’s what can help middle managers avoid burnout, says study by SMU and partners
Mindfulness training programmes can be beneficial for the well-being of middle managers, a new research has found.
— Straits Times (annoying popups)

ST Marine was involved in a corruption scandal in 2014 but still allowed to bid and win government tenders – why?
Back in 2017, former ST Marine group financial controller Ong Teck Liam as well as six other former ST Marine senior executives were convicted for corruption in a scandal that broke in 2014.
— The Online Citizen

WP’s Pritam Singh takes aim at Heng Swee Keat’s Budget 2019 speech
Will this set the tone for things to come?
— Mothership

Singapore’s fastest growing companies: Metals recycling firm claws its way to the top with grit
Companies that set the pace these days tend to be in the technology sector, but one of Singapore’s fastest-growing firms is in the far from glamorous field of recycling precious metals.
— Straits Times (annoying popups)

January output shrinks for first time in a year
SINGAPORE’S manufacturing sector started the year on shaky footing, with factory output contracting for the first time since December 2017.
— The Business Times

Government should introduce a permanent, universal healthcare package for seniors: Pritam Singh
A universal and permanent healthcare package with basic level of medical benefits should be introduced instead of one-time packages like the Merdeka Package, said Workers’ Party (WP) chief Pritam Singh in Parliament on Tuesday (Feb 26).
— Channel NewsAsia (very annoying popups)

Should drug trafficker be given harsher penalty as reoffender before serving sentence, lawyer asks
The lawyer for British drug trafficker Yuen Ye Ming has asked Singapore’s Court of Appeal to consider if a person already convicted of drug-related offences, but has not served his sentence yet, can then be convicted of charges carrying harsher penalties for repeat offenders.
— Today Online

Door falls on woman at carpark lift lobby of Alexandra Central Mall
A woman was taken to hospital after a door fell on her at the carpark lift lobby of Alexandra Central Mall on Sunday evening (Feb 24).
— Straits Times (annoying popups)

S’pore won’t allow foreign governments to assert authority in our waters, says Dr Vivian Balakrishnan
Singapore’s Foreign Affairs Minister, Dr Vivian Balakrishnan, made a strong statement in Parliament on Tuesday, February 26, asserting uncategorically that “we will not allow any foreign government vessels to assert any authority in our waters.”
— The Independent

Companies must persist in transformation efforts, learn from firms that have done it successfully: Heng
Even as he acknowledged that the industry transformation journey is neither straightforward nor easy, Finance Minister Heng Swee Keat urged companies to persist in their transformation efforts to avoid “hitting a dead end”.
— Today Online

National consortium formed to help industries battle spread of bacteria
To combat the spread and persistence of bacteria that lead to health scares such as food poisoning and antimicrobial resistance, a cluster of micro-organisms called biofilms must be suppressed.
— Straits Times (annoying popups)

Netizen: If Singapore needs another LKY, we have to be prepared to vote for opposition again
One netizen is sending a reminder to Singaporeans about one fact concerning the country’s founding father that may have been forgotten. He was once a member of the opposition.
— The Independent

Pay for fresh university graduates rose last year; strong job prospects for those in IT
Fresh grads took home a median monthly salary of $3,500, up from $3,400 in 2017.
— Straits Times (annoying popups)

Raffles Medical Group patiently waits for its new developments
Analysts are generally neutral on Raffles Medical Group (RMG) after the group yesterday announced that its FY18 earnings saw a slight 0.4% increase y-o-y to $71.1 million, while revenue grew 2.4% to $489.1 million.
— The Edge Singapore

Higher median starting pay, employment rates for 2018 graduates: Survey
Those who graduated in 2018 and were in full-time permanent employment reported higher median starting pay compared to those who graduated in the previous year, according to the results of a Joint Graduate Employment Survey published on Tuesday (Feb 26).
— Channel NewsAsia (very annoying popups)

SIA Engineering Company Ltd’s Share Price Is Down About 30% From Its 52-Week High. Is It Cheap Now?
Is SIA Engineering Company Ltd (SGX: S59) cheap compared to the market?
— The Motley Fool

Sinwa to pay out special dividend totalling $64.8m after assets selloff
Sinwa will distribute a special dividend to shareholders totalling $64.8 million. T
— Straits Times (annoying popups)

Singapore wants self-driving cars to help its aging society
It may look like a giant robotic bug but the MooAV could be the car of the future.
— CNN Business

Church apologises to SDP for last-minute cancellation, will pay difference in venue costs
JTC also received an apology after the church initially gave a JTC inspection as reason for cancellation.
— Mothership

Lorry driver arrested after Eunos road rage incident, cyclist assisting in police investigations
The lorry driver involved in a recent road rage incident along Jalan Eunos has been arrested, the police said on Tuesday (Feb 26).
— Straits Times (annoying popups)

Doctor acquitted of rape, convicted of sexually assaulting and molesting patient
General practitioner Wee Teong Boo was found guilty on Monday (Feb 25) of sexually assaulting and molesting a long-time patient on two occasions at his Bedok clinic.
— Today Online

A Land Imagined: The Singapore You Don’t Know About
What does Singapore hide beyond her flawless facade of glass walls and high rise buildings? A Land Imagined by director Yeo Siew Hua gives us a glimpse on the underside of this island’s bright lights and first world glamour.
— Yahoo News Singapore

Apex court grants woman’s appeal against Changi General Hospital over delay in lung cancer diagnosis
The Court of Appeal on Tuesday (Feb 26) granted a woman her appeal against Changi General Hospital (CGH) for delaying diagnosis of her lung cancer.
— Channel NewsAsia (very annoying popups)


Feature photo Be Positive

This week’s Singapore morning news feature photo acknowledges Zero Discrimination Day, March 1


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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