Singapore Morning News For December 26

News Analysis: Keppel O&M’s fines a new blow to resurgent sector
This Christmas is going down in history as perhaps the most disquieting for Singapore’s stock market and its embattled offshore and marine (O&M) sector.
— The Straits Times (paywall)

Singapore on track to beat 2016 visitor arrivals record this year
Visitor arrivals to Singapore hit about 13 million in the first three quarters of 2017 – but finding ways to keep tourists coming back and to attract new visitors has kept the Singapore Tourism Board on its toes.
— Channel NewsAsia (video)

Li Shengwu and Li Hongyi are no longer on speaking terms but remain Facebook friends
Singapore’s founding prime minister Lee Kuan Yew’s grandsons Li Shengwu and Li Hongyi are no longer on speaking terms, despite once being described as “very close”.
— The Independent Singapore

Anthony Bourdain’s Singapore-style hawker food hall project at Manhattan’s Pier 57 a no-go
Celebrity chef Anthony Bourdain’s ambitious project of opening a Singapore-style hawker food hall on the far west of Manhattan has been canned.
— The Straits Times (paywall)

Singapore: Fatfish Internet backs $260k investment in CryptoFoundry
Fatfish Internet Group, an ASX-listed venture builder with roots in Singapore, is investing an estimated A$338,000 ($260,834) for a 60 per cent stake in CryptoFoundry, that offers services to banking, payment and remittance, Initial Coin Offerings (ICOs) and trading settlements.
— DealStreetAsia

Technology can’t replace good design, says Singapore’s former master planner
THE WAY WE DO THINGS NOW can be said to have been vastly improved by technology — our data collection and analysis programs are much better now at helping us make better decisions and reduce waste, while automotive technologies are challenging the old ways of doing things.
— TechWire Asia

New Silkroutes seeks to extend trading halt
SINGAPORE-LISTED New Silkroutes Group (NSG) on Tuesday morning has called for the trading halt to continue further.
— The Business Times

This is Singapore’s most affordable car in 2017 – but the question is, can you afford it?
Cars have a reputation for being unaffordable in Singapore. But now that the MRT has gone berserk on us, you might be wondering whether you’ve got enough money to buy the cheapest possible car in town.
— Asia One

Singapore firm to pay over 400 million USD fine in bribery probes
Singapore’s Keppel Corporation’s Offshore & Marine unit (Keppel O&M) has agreed to pay a 422 million USD fine for the US, Brazil and Singapore in bribery probes.
— Vietnam Plus

Singapore’s on-demand staffing startup UShift to raise up to $5m by Q1
Singapore-based on-demand staffing platform UShift, an Asia Pacific Internet Group (APACIG) backed company, plans to raise $3-5 million in its pre-Series A round by the first quarter of 2018 to fund its expansion to four overseas markets, a top executive told DEALSTREETASIA.
— DealStreetAsia

Quant Investors Are Taking a Thorough Look at Singapore Medical Group Limited (Catalist:5OT)
Singapore Medical Group Limited (Catalist:5OT) has an ERP5 rank of 10441. The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. The ERP5 looks at the Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. The lower the ERP5 rank, the more undervalued a company is thought to be.
— Concord Register

Getting Singapore’s rail network back on track in 2018
From Phase 3 of the Downtown Line to the Tuas West Extension, new sections of rail lines opened this year to bring more convenience to commuters. But 2017 may be remembered by Singaporeans for two major rail incidents instead.
— Channel NewsAsia (video)

5 of the finest private islands near Singapore
If you have ever dreamt of lounging on your own, private stretch of pristine sand surrounded by crystal clear waters, then dream no more as we round up five of the best private islands near Singapore.
— Asia One

Graziers accuse Singapore army of breaching no-fly zones
The Singaporean military have been accused of breaching no-fly zones around a Queensland army training ground, buzzing graziers’ properties, causing cattle to stampede and putting farm workers’ lives at risk.
— The Australian

Business, community find ways to reduce food waste during festive period
According to the National Environment Agency, the amount of food waste in Singapore has gone up over the years, but the food recycling rate has remained fairly constant.
— Channel NewsAsia (video)

Data Depot targets KYC gap in ASEAN’s digital economy: Akim Arhipov
Customer-based analytics startup Data Depot, a B2B startup founded by Estonian entrepreneur Akim Arhipov, aims to expand its Asian footprint from Singapore, and address the gaps in digital KYC (know-your-customer) processes and regulatory technology (regtech) that Southeast Asia faces.
— DealStreetAsia

Feature photo Dickson Phua

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 December 26 added by Leakhena Khat on December 26, 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.