Singapore Morning News For December 5

Electric car-sharing scheme to hit the roads Dec 12
The first fleet of cars for an electric car-sharing scheme will hit the roads next Tuesday (Dec 12).
— Channel NewsAsia

No dissident thoughts allowed in Singapore
After months of investigations, Singapore police finally dropped a bombshell at the end of November: social worker and activist Jolovan Wham would be charged for organizing public assemblies without a permit, vandalism and refusing to sign police statements.
— Asia Times

Governing Singapore, beyond Lee Kuan Yew
One of the late Lee Kuan Yew’s most admirable acts of foresight was to usher out Singapore’s first-generation leaders in order to hasten the rejuvenation of the People’s Action Party (PAP).
— New Mandala

Singapore-Philippines Urban Warfare Training Kicks Off
On Monday, Singapore announced that a new program to help build Philippine military expertise in urban warfare had officially kicked off.
— The Diplomat

Singapore’s PMI manufacturing gauge hits a near 8-year high
Singapore’s manufacturing sector expanded again in November to record its highest reading in nearly eight years.
— Channel NewsAsia

2017 ASEAN IPO market revitalised by record listings in Singapore and Malaysia
Capital markets across Southeast Asia produced record-high capital raising activity in the first 11 months months of 2017. 144 initial public offerings (IPOs) saw S$10.4 billion ($7.71 billion) in total funds raised with a market capitalisation of S$33.9 billion ($25.1 billion) according to data from Deloitte Singapore.
— DealStreetAsia

`Rampant’ Singapore Piracy Prompts Hollywood Lobby for Crackdown
Singapore, which prides itself on being a haven for law and order, is being called a haven for pirating copyrighted programming by entertainment titans such as Walt Disney, HBO, the National Basketball Association and the English Premier League.
— Yahoo Finance

S’pore women more likely to suffer from depression than men: IMH study
Women in Singapore, particularly those aged between 18 to 34, are more prone to depression than men, a study by researchers from the Institute of Mental Health (IMH) has found.
— Today Online

Finding Mobike bicycles is about to get easier
Users of Mobike bicycles may be able to locate the firm’s orange two-wheelers with greater ease, thanks to a tie-up between the Chinese firm and telco Singtel.
— The New Paper

Singapore: Singtel forges web of strategic partnerships with strong focus on AI
Singapore-based telecom conglomerate Singapore Telecommunications (Singtel) has partnered with the Nanyang Technological University (NTU) and the Agency for Science, Technology and Research (A*Star) to develop smart digital technologies in the city-state.
— DealStreetAsia

Indian FT tells his countrymen to grab any first job offer in Singapore even if it pays less
Indian FT Kamal Kumar wrote a blog describing his ordeal while hunting for a job in Singapore.
— The Independent Singapore

Plans for more transparent Sibor seen benefiting borrowers
PROPOSALS to reform Sibor, the Singapore interbank offered rate used by banks to price consumer loans, should benefit borrowers as efforts get underway to make the benchmark setting process more transparent.
— The Business Times

Singtel, NTU, NRF to set up S$42.4m lab to develop robotics, artificial intelligence
A S$42.4 million research and development (R&D) laboratory is in the works under a five-year public-private partnership to boost Singapore’s development of artificial intelligence (AI), data analytics, robotics and smart computing.
— Channel NewsAsia (video)

Singapore fund investors paying above median fees: report
COMPARED to their global peers, investors in Singapore are paying higher-than-average fees on their funds, a report from investment research firm Morningstar revealed. This is due to front-loaded fees and ongoing expenses.
— The Business Times

Mount Agung eruption: MFA continues to advise S’poreans to defer travels to Bali
A week after Bali’s Mount Agung erupted, the Ministry of Foreign Affairs (MFA) has continued to advise Singaporeans to defer travels to the holiday island until the situation improves, as Indonesia’s alert level for the volcano remains at the highest.
— Today Online

Local banks raise home loan rates
All three local banks have raised their home loan rates as interest rates continue to spike, and mortgage advisers warn of more hikes to come.
— The New Paper

Media corporates want Singapore to block streams of illegal content from entering the country
Entertainment titans such as Walt Disney, HBO, the National Basketball Association and the English Premier League has called Singapore a haven for pirating copyrighted programming.
— The Online Citizen

GIC purchases Santos Brisbane HQ in $281.4m deal from Permodalan Nasional Berhad
Singapore’s sovereign wealth fund GIC has purchased the headquarters of Santos in Brisbane for a consideration of A$370 million ($281.4 million). The deal was done through Charter Hall Group and projects a yield of 5.7 per cent for the property.
— DealStreetAsia

Waiting longer than usual for your luggage at Changi? Blame the heightened lightning risk
Be prepared for delays at the baggage claim areas in the coming weeks, as ground handlers exercise caution in the face of increased lightning risks during the monsoon season, the Changi Airport Group (CAG) said in a statement on Monday (Dec 4).
— Today Online

Park West owners aim for S$818m in third attempt at collective sale
Park West condominium- located near Clementi MRT station – has been put up for collective sale with an asking price of S$818 million, marketing agent Huttons Asia said in a press release on Monday (Dec 4).
— Channel NewsAsia

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.

Singapore Morning News For December 5 added by Leakhena Khat on December 5, 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.