Singapore Morning News For August 22

Singapore Morning News For August 22

Singapore morning news

USS John S McCain collision: Singapore will spare no effort to find missing crew members, says MPA
Search and rescue efforts will continue through the night for the 10 US Navy crew members missing after the USS John S McCain an oil tanker collided in Singapore territorial waters, the Maritime and Port Authority of Singapore (MPA) said in a statement on Monday evening (Aug 21).
Channel NewsAsia

Singapore may renegotiate EU trade deal after Brexit removes British markets
Singapore has raised the prospect of renegotiating terms on a long-awaited free trade deal with the European Union (EU) due to the impact of Brexit, a Square Mile official has revealed.
Independent ie 

Cashless holds benefits if hurdles cleared
IS Singapore, a modern metropolis and one of the world’s top financial centres, really that backward when it comes to embracing cashless payments?
The Business Times 

New Guangzhou centre to help Singapore and China firms co-innovate
THE Singapore Manufacturing Innovation Centre (SMIC) – a “one-stop shop” to promote the co-creation of innovative tech solutions between Singapore and Chinese enterprises – has been launched in Guangzhou.
The Business Times

DBS to invest S$20 million over 5 years to transform employees into digital bankers
DBS Bank will be investing more than S$20 million over the next five years in a programme that will train its 10,000 employees in Singapore in digital banking skills and technologies.
Channel NewsAsia 

World Met Organisation opens regional office in Singapore
In the face of climate change and fluctuating extremes, weather forecasts and information must be more precise and accurate to serve the air and marine transport sectors, said Minister for the Environment and Water Resources Masagos Zulkifli yesterday.
Today Online

Australian sees opportunity selling durian in Singapore
After seeing a gap in the Singapore market for good quality durian, Laskaris, an Australian businessman, jumped at the opportunity.
Fresh Plaza 

In health push, Singapore gets soda makers to cut sugar content
Singapore’s prime minister has urged people to drink water, eat wholemeal bread and choose brown rice over white in a health push that began with an agreement from soda makers to reduce the sugar content in drinks sold in the country.

Lure of mega projects for M’sians working in Singapore
The government hopes mega projects in the country will help lure some of the 300,000 Malaysians working in Singapore.
The Star Online 

Singapore: Trendlines forms Shanghai JV with Shoushan Wealth, to launch RMB and USD funds
The Trendlines Group, an Israeli medical technology incubator listed on the SGX Catalist that focuses on developing and commercialising medical and agricultural technologies, has launched a joint-venture (JV) company – China-Israel New Trend (Taizhou) Medical Technology Co. Ltd. – with Shoushan Wealth Holdings.

Singapore based Midas Investments Launches $150M Media & Entertainment Fund
Details of the MoU are not available at this stage. Besides these two entities, Midas Entertainment LLP is also in advanced discussions with a leading Hollywood Studio and a China based Production entity for their US and China strategy, respectively.

Singapore: Vertex Ventures leads Series B in China’s Julive
Vertex Venture Holdings Ltd., the venture capital unit of Singapore’s state investor Temasek Holdings, has led a Series B round worth “tens of millions of U.S. dollars” in Chinese online-to-offline (O2O) real estate agency Julive, with support from existing investor Source Code Capital.

High credit card fees, convenience stymie cashless drive
High credit card fees and the convenience of cash, including easy access to numerous automated teller machines (ATMs) islandwide, are hampering the adoption of cashless payments in Singapore, consumers and industry experts told TODAY.
Today Online 

25 more years of flying out of Australia’s Pearce Air Base for RSAF pilots
Pilots of the Republic of Singapore Air Force (RSAF) can continue to fly out of Pearce Air Base in Western Australia for another 25 years under a new treaty signed at the 10th meeting of the Singapore-Australia Joint Ministerial Committee (SAJMC) on Monday (Aug 21).
Channel NewsAsia 

US, China share common interest – a stable Asia-Pacific
SINGAPORE is South-east Asia’s wealthiest state, a financial centre where some of the world’s biggest banks do business. But the small nation has been snared in a tussle for influence between the US and China.
The Business Times 

Normanton Park up for en bloc sale with reserve price of S$800 million
Owners of Normanton Park condominium have launched a tender for the collective sale of the privatised housing estate with a minimum asking price of S$800 million on Monday (Aug 21).
Channel NewsAsia 

Banks rev up training to sharpen digital workforce
SINGAPORE banks are putting in more effort and money to bring staff up to speed with new technologies, so as to avoid getting blindsided by the digital wave that is dramatically shaping customer behaviour and expectations.
The Business Times 

New pre-school training institute ‘a testament to sector’s growth’
THE government’s decision to establish a centralised institute for early childhood professionals is further proof that the sector is a burgeoning one in Singapore, according to some senior figures in the industry.
The Business Times 

STT data centre arm set for next stage of global expansion
AFTER three years of rapid global expansion, ST Telemedia’s Global Data Centres (STT GDC) arm is ready for its next stage of growth, driven by demand from key clients who are themselves in expansion mode, both regionally and globally.
The Business Times

S’pore scientists find way to help heart cells repair themselves
A groundbreaking new treatment which could enable heart failure and heart attack patients to “self-repair” damaged heart cells has been discovered in the Republic.
Today Online 

‘Negligible’ space and cost for users could help national QR code take off
Payment scheme providers and merchants welcomed the upcoming national QR (quick response) code scheme, saying it would unify the “fragmented” mobile payments space and offer convenience to travellers who are used to paying using their phones.
Today Online 

New national digital identity system in 3 years’ time
A new national digital identity (NDI) system to allow Singaporeans to do away with hardware tokens or the need to fuss with SMS one-time passwords is in the works and expected to be in place in three years.
The New Paper 

US Navy begins probe into latest collision
The US Navy has begun investigations into how the USS John S McCain collided with an oil tanker three times its size near Singapore early yesterday.
The New Paper 

Pact to boost tourism cooperation
A memorandum of understanding that aims to enhance tourism services in both Singapore and Australia was signed yesterday.
The Straits Times (paywall)


Feature photo newtjitsu
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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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.

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