Singapore morning news for May 14

Singapore morning news for May 14
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Singapore morning news

Number of Singapore billionaires falls to 39
SINGAPORE’S billionaire population declined 11.4 per cent to 39 in 2018 from 44 in 2017, largely driven by negative equity market performance, according to research firm Wealth-X’s Billionaire Census 2019.
— The Business Times

Expect heavy traffic at checkpoints on Vesak Day weekend
May 14, 2019 5:00 AMTravellers planning to drive to Malaysia for the upcoming Vesak Day long weekend should expect heavy traffic.
— Straits Times (annoying popups)

Applications open for 2019 Emerging Enterprise Award
OCBC and The Business Times have launched nominations for the Emerging Enterprise Award 2019, the 12th running year for the competition that rewards winners with interest-free loans and support packages.
— The Business Times

Single-payer universal insurance scheme a better alternative to the 3Ms: SDP chairman Paul Tambyah
The Singapore Democratic Party (SDP) has proposed a single-payer universal insurance scheme as a more financially viable alternative to the current 3Ms – Medisave, Medishield, and Medifund – for all Singaporeans. The proposed National Health Investment Fund (NHIF) –  which was …
— The Online Citizen

2019 Direct School Admissions and ITE early admissions exercises commence
Students interested in applying for Direct School Admission (DSA) to Junior Colleges (JCs) for admission in 2020 may do so from May 2019, the Ministry of Education (MOE) announced on Monday (13 May). It also stated that separately, applications for early admission to the Institute of Technical …
— The Online Citizen

Low Thia Khiang crushes PAP MP’s argument using her own example
Former Workers’ Party (WP) secretary-general Low Thia Khiang crushed People’s Action Party (PAP) parliamentarian Sun Xueling’s argument during the fake news law debate in Parliament last week, using the very same example she had used in her speech. Parliament debated the …
— The Independent

Ayondo’s disregard of SGX order: What now?
WHEN Ayondo came to the market as the maiden pure-play fintech for the Singapore Exchange’s (SGX) Catalist platform, it was a debutante draped in a sparkling assortment of accolades as a financial services provider, trading platform and broker.
— The Business Times

Pressure on yuan may boost earnings for some SGX firms
FADING hopes of a US-China trade resolution have hit China’s currency, with some banks revising their forecasts for the currency lower as the yuan slumped to a four-month low on Monday.
— The Business Times

The 5G bandwagon offers promise – and also challenges
ON APRIL 3, South Korea became the first country in the world to commercially launch nationwide 5G mobile services. The country’s three mobile operators went live with data speeds that allow users to download entire movies in less than one second. Two days later, Samsung released the Galaxy S10 5G, …
— The Business Times

Man jailed 121/2 years for sexually abusing daughter
May 14, 2019 5:00 AMA Primary 2 girl who asked her father for help with her homework was made to perform a sexual act on him instead.
— Straits Times (annoying popups)

Warships arrive for maritime event
May 14, 2019 5:00 AMLanding helicopter dock HMAS Canberra, the flagship of the Royal Australian Navy, berthed at RSS Singapura-Changi Naval Base yesterday.
— Straits Times (annoying popups)

NUS student charged over latest voyeurism incident on campus
May 14, 2019 5:00 AMEven with the National University of Singapore (NUS) in the spotlight over the recent Monica Baey-Nicholas Lim issue, another one of its students was taken to court yesterday after he allegedly filmed his schoolmate showering on campus.
— Straits Times (annoying popups)

20 SMU students hurt in Vietnam bus accident
May 14, 2019 5:00 AMTwenty Singapore undergraduates on an outing after completing a service project in Vietnam were injured last Saturday when their bus hit a kerb.
— Straits Times (annoying popups)

Rain, rain, not going away
May 14, 2019 5:00 AMIt is not just the postman who has to always deliver. Even as heavy rain pelted Singapore, this GrabFood rider, struggling up the stairs near Guangyang Secondary School in Bishan yesterday afternoon, had to brave the weather to drop off food orders. As the adage goes, where …
— Straits Times (annoying popups)

Nigerians caught in KL to face charges here over love scams
May 14, 2019 5:00 AMTwo Nigerian nationals are expected to be charged in court for their alleged involvement in transnational Internet love scams.
— Straits Times (annoying popups)

Singapore surpasses China as Myanmar’s biggest investor
Singapore has overtaken China as the country’s main source of foreign investment in 2019, according to data from the Ministry of Investment and Foreign Economic Relations.
— Myanmar Times

Famous prawn noodle hawker shop looking to hire cook at S$2,500 to S$3,400
Famous 545 Whampoa Prawn Noodle hawker stall at Tekka Centre is on the lookout to employ a hardworking chef at S$2,500 to S$3,400, a salary that is above the market rate, with reasonable working hours from 5am to 2pm (9 hours, including meal breaks) for five days a week, instead of the typical six …
— The Online Citizen

HIV data leak: Mikhy Brochez’s lawyer quits, citing ‘irreconcilable differences’
SINGAPORE: The attorney who represented Mikhy Farrera Brochez, the American accused of leaking data from Singapore’s HIV registry, has quit, citing serious, persistent and irreconcilable differences between them.
— Channel NewsAsia (very annoying popups)

SBS Transit posts 23.3% rise in Q1 net profit to S$20.7m
BUS and train operator SBS Transit on Monday posted a 23.3 per cent rise in net profit to S$20.7 million for the first quarter ended March 31.
— The Business Times

Investing in Asia: Banking on Singapore
In this episode, David Kuo speaks to The Motley Fool Singapore’s Chong Ser Jing about all things Singapore, including its Big Three banks: DBS, UOB and OCBC.
— The Motley Fool

Here are Singapore’s top e-commerce apps for mobile shopping
Mobile is king in Singapore, so who was leading the e-commerce industry as of Q1 2019? When it comes to smartphones, Singapore is ranked as one of the highest globally for smartphone penetration. Various mobile app continued to rise in popularity – with the usage and need of shopping online …
— e27

Lab-grown meat that’s simply Shiok
THE future of food may lie in lab-grown cell-based meat. And it’s not just plant-based meat patties in burgers that are taking the world by storm. On March 29, Shiok Meats unveiled its first ever cell-based shrimp dumpling at The Disruption in Food and Sustainability Summit (DFSS).
— The Business Times

Pintec Technology launches global expansion from new HQ in Singapore
NASDAQ-LISTED Chinese fintech solutions provider Pintec Technology has made Singapore its international headquarters (HQ) to expand the global business and be closer to its joint venture (JV) partners.
— The Business Times

Singapore bank shares slide on brokers’ downgrades
DBS shares closed down 2.07 per cent, or S$0.55 at S$26.00 following Citi Investment Research’s downgrade of its shares to neutral from buy on Monday.
— The Business Times

Joint tenancy contracts now religiously valid for Muslims
May 14, 2019 5:00 AMMuslims who co-own a property in Singapore under a joint tenancy contract will now have that agreement recognised as religiously valid, without the hassle of additional paperwork.
— Straits Times (annoying popups)

Probation for man who groped boy in church toilet
May 14, 2019 5:00 AMA volunteer at a church student-care centre lured a 10-year-old boy to a toilet at the place of worship last July and committed an indecent act on the child.
— Straits Times (annoying popups)

Singtel’s Indonesia partner launches $54.7m fund
May 14, 2019 5:00 AMSingtel’s regional associate in Indonesia has created a new fund with an initial budget of US$40 million (S$54.7 million) to invest in start-ups around the region and undertake other initiatives.
— Straits Times (annoying popups)

Hyflux has cash to last 2-3 months, says founder Olivia Lum
May 14, 2019 5:00 AMThe troubled water treatment firm is in a race against time to nail down new investors to keep operations going and avoid liquidation.
— Straits Times (annoying popups)

Man and woman arrested for alleged unlicensed moneylending
SINGAPORE: A Singaporean man and a Filipino woman were arrested on Sunday (May 12) for allegedly providing unlicensed moneylending services.
— Channel NewsAsia (very annoying popups)

Mandatory to report cases of sexual abuse from Jun 1: Singapore Catholic Church
SINGAPORE: The Singapore Catholic Church will adopt new rules issued by Pope Francis last week on the reporting of sexual abuse cases, it said on Monday (May 13).
— Channel NewsAsia (very annoying popups)

Direct Admission Exercise starts for JCs
SINGAPORE: Students interested in applying to enter junior colleges in 2020 through the Direct School Admission – Junior College (DSA-JC) exercise can start visiting the websites of the participating schools for more details from Monday (May 13).
— Channel NewsAsia (very annoying popups)

Mixed reaction to the idea of banning PMDs at void decks and footpaths
Singapore – The cases of PMD-related road accidents are increasing so rapidly that citizens and the government are considering banning these personal mobility devices. Two months ago, a 70-year-old woman was almost run over by a PMD rider who passed her too closely. More recently, a 65-year-old …
— The Independent

People’s Bank of China and Monetary Authority of Singapore renew Bilateral Currency Swap Arrangement
Singapore and China have renewed the Bilateral Currency Swap Arrangement (BCSA) worth CNY300 billion (S$60 billion), which was said to strengthen regional economic resilience and financial stability. The new agreement was announced by the People’s Bank of China (PBC) and the Monetary Authority of …
— The Online Citizen

The Big Read: Run-down but not out — old iconic shopping centres find a way into Singaporeans’ hearts
Queensway, Tanjong Katong Shopping Centre and Peninsula Plaza – many have developed a unique identity and loyal following, while reinventing themselves and drawing younger customers over the decades.
— Channel NewsAsia (very annoying popups)

Cab companies could be allowed to bid for COEs
May 14, 2019 5:00 AMTaxi operators may soon be allowed to compete with car buyers for certificates of entitlement again – a move which may fuel competition for COEs.
— Straits Times (annoying popups)

S’pore should spur learning of foreign languages, says minister
May 14, 2019 5:00 AMWhile bilingualism has long been touted as one of Singapore’s strengths, many European students are already learning many languages, said Education Minister Ong Ye Kung yesterday.
— Straits Times (annoying popups)

Condo design for Pearl Bank site unveiled
May 14, 2019 5:00 AMA beacon comprising two curved towers linked at the roof by sky bridges will replace the Pearl Bank Apartments landmark in Outram.
— Straits Times (annoying popups)

Patients with chronic conditions like stroke could double by 2050: NHG report
SINGAPORE: The number of stroke patients living in the central part of Singapore could increase by 109 per cent – or more than double – by 2050 if left unchecked, according to a new report released on Monday (May 13) by the National Healthcare Group (NHG).
— Channel NewsAsia (very annoying popups)

55% of 19-year-olds in S’pore surveyed think euthanasia should be legal
They also shared their views on other contentious issues.
— Mothership

Global Times lauds PM Lee and George Yeo’s statements on China’s May 4th movement
Singapore — The Global Times, China’s nationalist media outfit, recently lauded Singapore Prime Minister Lee Hsien Loong and former foreign minister George Yeo for the remarks they both made concerning China’s May Fourth Movement. This is quite unusual for the Chinese tabloid, as it has taken …
— The Independent

9,080 cartons of duty-unpaid cigarettes seized and three Chinese nationals arrested
More than 9,080 cartons of duty-unpaid cigarettes were seized and three Chinese nationals, aged between 31 and 36, were arrested in the largest haul of duty-unpaid cigarettes in 2019 from two related operations conducted in Ang Mo Kio Industrial Park 2 and Defu Lane 10 on 7 May 2019. Singapore …
— The Online Citizen



Feature photo Stephen Bowler

This week’s Singapore morning news feature photo acknowledges International Day of Light, May 16.


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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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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