Singapore Morning News For December 4

Singapore Morning News For December 4

Singapore morning newsEmerging Skepticism a Real Risk to PAP Longevity
Singapore’s new President, Halimah Yacob, is a widely liked and respected former speaker of parliament, as well as the first female ever and first Malay in five decades to become the largely ceremonial head of state.
— AEC News Today

Nets may succeed in unifying e-payment
The push for cashless payments in Singapore may revolve around QR codes and mobile e-wallets today.
— The New Paper

#Fail: Singaporean Jetstar Passengers’ Bangkok Meal Voucher Melt Down (video)
There is no shortage of video clips on the internet of Chinese tourists behaving badly in Asean, with Singaporean netizens being equally as scathing as their Thai counterparts at times.
— AEC News Today

Singapore shares advance as investors bet on U.S. corporate tax cuts
Singapore shares rose Friday amid increasing optimism over U.S. corporate tax cuts.
— Nikkei Asian Review

Singapore on edge as Islamic State circles
While international linked terror attacks have hit various Southeast Asian nations, Singapore has so far been immune. But as Islamic State (IS) makes deeper inroads into the region, the city state is now on its highest terror threat alert level in years.
— Asia Times

New Silkroutes requests trading suspension
MAINBOARD-LISTED New Silkroutes Group (NSG) has called for a trading suspension before the market opened on Monday.
— The Business Times

Singapore’s Olam spreads ‘smart farming’ in Asia and beyond
On a sunny day in late July in Lampung, a rural farming town in the southern part of Indonesia’s Sumatra Island, an employee of agricultural-goods trading company Olam International was busy making the rounds of cocoa farms, collecting data from farm owners.
— Nikkei Asian Review

Root for the tech behind bitcoin
Cryptocurrencies are experiencing an extraordinary run. Bitcoin, the largest virtual currency by market value, is up over 1,000 per cent year-to-date, and its crypto-cousin Ethereum is up a breathtaking 5,920 per cent at the time of writing.
— The Straits Times

Singapore: Digix raises $1.25m seed from Global Brain, Fenbushi Capital
Singapore-based Digix, an asset tokenisation platform built on Ethereum, has raised $1.25 million in a seed financing round led by Global Brain (GB), with participation from China-based Fenbushi Capital, a blockchain-focused VC fund.
— DealstreetAsia

Singapore Market May Hand Back Friday’s Gains
The Singapore stock market on Friday wrote a finish to the two-day slide in which it had fallen almost 10 points or 0.3 percent. The Straits Times Index now rests just beneath the 3,450-point plateau, although it’s expected to head south again on Monday.
— Business Insider

Singapore business optimism for 2018 rises to two-year high
Optimism rose 26 ppt to 6%, whilst expected profitability rose 22 ppt to 2%.
— Singapore Business Review

Singapore, Australia ratify upgraded free trade agreement
The upgraded Singapore-Australia Free Trade Agreement came into force yesterday to herald a new era of bilateral economic relations, the Ministry of Trade and Industry (MTI) said.
— The Straits Times

Big jump in cybercrime cases in Singapore
The amorphous cyberspace is sprouting more illegal acts these days, with police recording a jump in the number of crimes committed via online channels here.
— The New paper

Temasek co-leads $110m Series D in US-based Farmers Business Network
Farmers Business Network (FBN), an independent farmer-to-farmer network, has secured $110 million in a Series D round of funding led by Singapore state investor Temasek Holdings and T Rowe Price.
— DealStreetAsia

Brokers’ Call: Singapore Property
We recommend an “overweight” stance on the sector, preferring stocks with exposure to the residential, hotel and office segments, which are expected to outperform as we head deeper into the upcycle.
— The Straits Times

Food waste up 40% in last 10 years
About 2.5kg of food waste is thrown away by an average Singapore home each week, and this makes up half of all waste the home disposes of, a National Environment Agency (NEA) study released yesterday showed.
— The New paper

 

Feature photo Falco Ermert
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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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