Singapore Morning News For August 10

Singapore is world leader in e-government penetration: survey
SINGAPORE has retained its first placing in the world in terms of the quality of “e-government”, according to a joint survey conducted by Japan’s Waseda University and the International Academy of Chief Information Officers (CIOs).
— The Business Times

Manulife eyes US$2b more of Asian office assets
MANULIFE Real Estate is looking to invest over US$2 billion into office assets in Asia, following its maiden acquisition of a prime office building in Singapore’s central business district (CBD) in April.
— The Business Times

F&N’s profit up 60% to $60.7m
According to the group, including the exceptional items of $1.2b arising from the realisation of fair value reserves upon change of interests in Vinamilk, attributable profit soared to $1.3b, from $38.6m in the same corresponding period last year.
— Singapore Business Review

Singapore Government Agency Upgrades 17 X-Ray Scanners
A Singapore government agency upgraded 17 X-ray scanners to Astrophysics Inc. equipment at multiple checkpoints within the city. These systems will replace and upgrade aging machines being phased out of service and also help the agency detect prohibited materials, including cigarettes and regulated drugs.
— Aviation Pros

Sompo Singapore has ‘saved a lot of budget and time’ with Canon uniFLOW
For over a century, Sompo Holdings has remained a trusted, established insurance and risk solutions provider in Japan. In the local scene, Sompo Singapore, a member of Sompo Holdings provides commercial and personal premium insurance since 1989, as a part of brand name now in over 30 different countries and regions.
— Network Asia

Singapore Fintech Hub Will Open India Office
Singapore fintech hub Lattice80 plans to open an office in India by the end of next month, the first step in a global expansion that will spread to London, New York and the Middle East.
— Bloomberg

How S’pore’s oldest firms stay relevant
SINGAPORE may have just turned 52, but many homegrown businesses have been around for far longer. Greatearth, Boustead, Drew & Napier, Braddell Brothers, Haw Par, Eu Yan Sang and Yeo Hiap Seng – to name a few – have existed for more than a century.
— The Business Times

Singapore’s oldest businesses
Even though Singapore has just celebrated its 52nd birthday, many of its homegrown companies have been in existence for much longer, with several being twice as old as its home country.
— The Business Times

Traders Hoard LPG Off Singapore Coast
LPG-carrying vessels are piling up off the coast of Singapore as traders await higher prices, Reuters reports, citing industry insiders. According to tanker tracking data from Thomson Reuters, there is currently one Very Large Gas Carrier loaded with LPG off the Singapore coast, and it has been floating there for five days. Another VLGC, the sources told Reuters, recently set for China after floating for a few days in Singapore waters.
— OilPrice

Singapore is best city to work in a start-up
The Finish capital Helsinki was second, scoring the highest for equality and with a good score for quality of life and social security.
— Economia

Sichuan quake: Tour group from Singapore safe after fleeing from restaurant
A brush with disaster, for at least one of two tour groups from Singapore that was in China’s Sichuan province when a deadly 7.0-magnitude earthquake struck on Tuesday (Aug 8).
— Channel NewsAsia

NDP 2017: A show of technology, military might and splendour
With the introduction of new elements in a dynamic display of Singapore’s military capabilities, unmanned drones setting the night sky alight with formations and crowd favourites like the Red Lions staging a triumphant return, this year’s National Day Parade was a resounding success with the 25,000-strong crowd of spectators at The Float@Marina Bay.
— Channel NewsAsia

Singapore’s property investment market soars 50% to $8.1b
Singapore reached its highest position in the rankings of the most active commercial real estate market in Asia Pacific by Real Capital Analytics (RCA).
— Singapore Business Review

Singapore reigns supreme in ICT development
For the third consecutive year, Singapore topped the global list for its use of ICT technology in improving the quality of services.
— Singapore Business Review

A President next door? Why not, say Halimah’s HDB neighbours
Tucked away in a quiet corner of Yishun is an unassuming public housing flat that could possibly enter Singapore political history.
— Today Online

Faster patent process now with new automated system
When Innosparks, an incubator set up by ST Engineering, produced its Air+ Smart Mask, which has its own micro ventilator, it filed three patents in Singapore around two years ago.
— Today Online

2 more public hospitals to start registering visitors
To beef up security and enable contact-tracing in the event of an epidemic, visitors to two more public hospitals here will soon have to register and get their identity cards scanned at gantries before getting into wards.
— Today Online

Prospective Speaker of Parliament could be MP who skipped 60% of parliamentary sittings
Member of Parliament for Marine Parade GRC, Seah Kian Peng, may be the next Speaker of Parliament, since Halimah Yacob has vacated her position this Monday to contest the upcoming reserved presidential election.
— The Independent Singapore

Scoot to kick off brand new Malaysian destinations
Scoot has officially kick started ticket sales for the latest Malaysian destinations, Kuching and Kuantan.
— The Independent Singapore

Spectators have great time at NDP with peace of mind
The heightened security at this year’s National Day Parade (NDP) did nothing to dampen the spirits of the 25,000-strong crowd at The Float @ Marina Bay, as Singapore celebrated her 52nd year of independence yesterday.
— The New Paper

Two arrested for impersonating foreign police officer, scamming victims of S$100,000
Two Taiwanese men, aged 23 and 25, were arrested for their part in a scam involving the impersonation of a foreign police officer, the police said on Wednesday (Aug 9).
— Channel NewsAsia

Feature photo Marco Verch
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.

Singapore Morning News For August 10 added by Leakhena Khat on August 10, 2017
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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.