Singapore morning news for July 4

Singapore morning news for July 4
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Singapore morning news

5G will bring challenges to Singapore’s law enforcement efforts: Crime school director
The next-generation mobile network offers unprecedented volume and speed, which also means cybercriminals will find it easier to steal away with large amounts of data or conduct online attacks, says Senior Assistant Commissioner of Police Soh Kee Hean.
— Channel NewsAsia (very annoying popups)

MTI accepts proposals to build a design-minded workforce
TO develop a workforce that is well-versed in design – even if they work in non-design sectors – the Ministry of Trade and Industry (MTI) has accepted five recommendations from a tripartite committee, ranging from strengthening ties between the industry and institutes of higher learning (IHLs), to supporting continuing …
— The Business Times

Validus to apply for Singapore digital-banking licence
SINGAPORE’S largest peer-to-peer lending platform Validus Capital will apply for a digital banking licence here, joining a growing chorus of non-bank challengers looking to edge into this new space.
— The Business Times

Singapore a capital-raising hotspot for European banks
SINGAPORE has become the go-to market in Asia for European banks needing to beef up their capital to comply with regulatory requirements.
— The Business Times

Pay rise, bonus for cleaners and landscape workers
Cleaners and landscape maintenance workers will get bonuses from Jan 1 next year as well as annual pay rises in the next few years.
— Straits Times (annoying popups)

Higher learning institutes to boost design education
The institutes of higher learning (IHLs) here are set to infuse a wider appreciation of design into their curriculum at a time when job scopes are changing and demand is rising for people with design skills.
— Straits Times (annoying popups)

S’pore Poly explains why radio DJ’s talk did not take place
Singapore Polytechnic (SP) has rebutted an allegation by local DJ Joshua Simon that it cancelled his talk at an event there last Saturday in order to abide by Ministry of Education (MOE) regulations.
— Straits Times (annoying popups)

Singapore tycoon Peter Lim pledges S$30 million in support of local youth
Singaporean tycoon Peter Lim has pledged a total of S$30 million to helping local youth, including homegrown athletes and those with less privileged backgrounds, it was announced on Wednesday (Jul 3).
— Channel NewsAsia (very annoying popups)

MOE sponsored PRC student who turns into an intellectual property thief
It was earlier reported that a 60-year-old Singaporean elderly man, Lim Koh Leong, was not allowed by the CPF Board to fund his daughter’s education despite having more than enough money in his account.
— The Online Citizen

Logistics SaaS platform GoComet secures US$2.2M Series A funding
GoComet, a Singapore-headquartered logistics resource management SaaS platform, announced that it has raised a US$2.2 million (S$3 million) in a Series A funding round.
— e27

Young graduates struggle with increasing uncertain career prospects as Singapore’s labour market undergoes disruption
As labour markets worldwide – including in Singapore – undergo disruption in multiple forms, particularly with the advent of globalisation and rapid technological developments, fresh university graduates in Singapore seem to struggle with being employed in positions and sectors in their field of study
— The Online Citizen

These 3 Commercial REITs Clocked Up 27% in Total Returns This Year
The office market in Singapore is showing continued signs of recovery, and these three commercial REITs have clocked impressive double-digits gains this year because of it.
— The Motley Fool

SembMarine hit by renewed fears over scandal fallout
SINGAPORE’S rig builder Sembcorp Marine has yet to put the fallout from Brazil’s mammoth corruption scandal behind it as renewed fears over potential fines sent the stock skidding after the company revealed that its yard in the southeastern state of Brazil was raided and the facility’s former president was being investigated.
— The Business Times

Blockchain accelerator facilitates raising of S$17m
GOVERNMENT-backed blockchain accelerator Tribe has opened the door to S$16.8 million worth of funds for its inaugural cohort of 10 companies, through its ecosystem of corporate and investor partners.
— The Business Times

3D-printed dental plugs could be boon for patients
Patients requiring dental implants often have to open their wallets as wide as their mouths.
— Straits Times (annoying popups)

Donation bins for reusable bags placed at 8 supermarket outlets
Forgotten reusable bags collecting dust around the home can now be put to good use.
— Straits Times (annoying popups)

Condo awnings a reasonable response to killer litter: Board
The Strata Titles Board has taken issue with the management corporation (MC) of D’Leedon after the MC initially refused to allow the owners of two ground-floor units to install awnings at their private enclosed spaces, despite issues with killer litter in the estate.
— Straits Times (annoying popups)

Company fined S$2,000 for conducting illegal meat processing activities
A company was fined S$2,000 on Wednesday (Jul 3) after it was caught conducting meat processing activities at its premises which had not yet been issued a cold store licence.
— Channel NewsAsia (very annoying popups)

GIC bracing for low returns due to trade war
Singapore’s GIC, the eighth largest sovereign investor around the globe, has said that this year, it is more careful about the investing environment than it was last year.
— The Independent

Huawei is giving away free cups of premium tea from Partea to thank its customers
Good news for those of you who are still using a Huawei smartphone. As a token of appreciation for its customers’ unwavering support, Huawei is offering users in Singapore a complimentary beverage of their choice from homegrown tea joint, Partea.
— The Online Citizen

Singapore’s passport remains one of the strongest in the world according to the Henley Passport Index
Singapore holds on to its top spot with Japan on the Henley Passport Index with a visa-free/visa-on-arrival score of 189. This latest ranking of passport power and global mobility based on data from the International Air Transport Association (IATA) marks an 18-month long winning streak for Japan.
— The Online Citizen

Train service disruption along the EWL on Wednesday morning due to PSD fault
The train commuters along the East West Line (EWL) experienced delay in their morning commute on Wednesday (3 July) due to a platform screen door fault at Dover MRT station and started about 7:30am.
— The Online Citizen

Higher gearing limits will improve Reits’ DPU
THE proposed higher leverage limits for real estate investment trusts (Reits) could lower overall cost of capital for the asset class, and allow room for portfolio growth, given the greater certainty of deal completions.
— The Business Times

Merger of Ascott Reit, Ascendas Hospitality Trust makes sense
CAPITALAND’s announcement on Wednesday that it would merge Ascott Residence Trust (ART) and Ascendas Hospitality Trust (A-HTrust) should not be a surprise to market watchers, following the merger of their respective parents.
— The Business Times

Moov refurbishes ofo bikes, starts service in the west
The familiar yellow bicycles of failed bike-sharing firm ofo have returned to some streets in Singapore in the past week, but this time sporting a different brand.
— Straits Times (annoying popups)

Grab’s e-scooter deployment raises concerns
A delay in getting an operating licence to rent out personal mobility devices (PMDs) has not stopped one prospective operator from going ahead and making its own arrangements with small property owners to park and rent out the PMDs on their land.
— Straits Times (annoying popups)

Twins lose appeal against condo assault conviction
A pair of twin sisters who were fined for assaulting the staff of Simei Green condominium lost their appeals against their conviction yesterday, after making emotionally charged arguments for close to four hours.
— Straits Times (annoying popups)

Accused says wife called him ‘useless’ in front of daughter
Before he allegedly killed his pregnant wife, accused murderer Teo Ghim Heng recalled her saying to their daughter: Zi Ning, look at how useless your father is.
— Straits Times (annoying popups)

Involve all staff in digital transformation: Experts
A change in organisational culture is the key to driving success in companies grappling with digital transformation, business leaders were told yesterday.
— Straits Times (annoying popups)

UOL-UIC tie-up in top bid for Clementi Ave 1 site
Five bidders have thrown their hats in the ring for a 99-year leasehold private housing site in Clementi Avenue 1.
— Straits Times (annoying popups)

FLT acquiring 12 properties for $613m from sponsor
Frasers Logistics & Industrial Trust (FLT) is acquiring interests in 12 freehold properties – nine in Germany and three in Australia – from its sponsor Frasers Property for A$644.7 million (S$612.5 million).
— Straits Times (annoying popups)

New S$400 million SAFTI City to train S’pore soldiers under urban real-life Counter-Strike conditions
Soldiers will fire at real-life targets using blanks with lasers.
— Mothership

Leaders of Brunei, Indonesia and Malaysia to attend Singapore’s National Day Parade 2019
Brunei’s Sultan Hassanal Bolkiah, Indonesian President Joko Widodo and Malaysian Prime Minister Mahathir Mohamad will attend Singapore’s National Day Parade (NDP) this year.
— Channel NewsAsia (very annoying popups)

Firm fined for illegally importing more than 2.5 tonnes of fresh vegetables from Malaysia
A company was fined S$7,500 on Wednesday (Jul 3) for illegally importing more than 2.5 tonnes of fresh vegetables from Malaysia, the Singapore Food Agency (SFA) said in a media release.
— Channel NewsAsia (very annoying popups)

Man sentenced to four years and two weeks imprisonment for running fraudulent timeshare recovery and collective investment scheme businesses
Mohamed Yasin Bin Karuli (42) was sentenced to four years and two weeks imprisonment for running fraudulent timeshare recovery and collective investment scheme businesses.
— The Online Citizen

Domestic helper caught pinching, pushing and shoving elderly woman in public at Geylang Bahru Market
A video showing a domestic helper pinching, pushing and shoving an elderly woman she worked for is circulating online. The video, that made its way online over the weekend, shows that the incident occurred in full view of the public.
— The Independent

This Solid Singapore REIT Grew its DPU by 154% Over the Last Decade
This reliable Singapore REIT has grown its DPU by over 150% in the last 10 years. Here’s why income investors can look at it as a potential investment.
— The Motley Fool

Serial offender jailed 31/2 years for break-in bids, rioting
A recalcitrant offender, who had absconded from reformative training for theft, tried to break into two jewellery stores with a blowtorch while on the run.
— Straits Times (annoying popups)


Feature photo HERplanetearth

This week’s Singapore morning news feature photo focuses on plastic waste throughout Asean.


FindĀ 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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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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