Singapore Morning News For July 24

Singapore Morning News For July 24

Singapore morning newsIndustry leaders respond to Singapore’s new cybersecurity bill
Singapore’s Ministry of Communications and Information (MCI) and the Cyber Security Agency (CSA) recently proposed a Cybersecurity Bill, which is open for public feedback from 10 July to 3 August 2017.
NetWorksAsia 

Singapore Startup Counts on Visa to Take Bitcoin Into Real World
A recurring challenge for bitcoin and other cryptocurrencies is how to make them work in the real world. A Singapore-based startup says the answer is its Visa card.
Bloomberg

Singapore’s entrepreneurial challenge is changing mindsets: Geeman Yip, BitTitan
Geeman Yip, the American-born Chinese founder and chief executive of BitTitan, a managed cloud services enablement and automation provider, believes that cultural literacy is a key element in entrepreneurial success, as well as the ability to take risks and learn from failure.
DealStreetAsia 

Cyberbit Opens Singapore Office
Cyberbit, whose cybersecurity solutions protect the world’s most sensitive systems, today announced the opening of a new office in Singapore. Cyberbit has identified Singapore as a strategic hub in the Asia Pacific region and is dedicated to being a part of the local cybersecurity ecosystem to protect Singapore and its assets from cyberattacks.
PR Newswire 

CapitaLand’s Serviced Residence Arm Ascott Buys US Accommodation Provider For $33.7 Mln
CapitaLand’s wholly owned serviced residence business unit, The Ascott Ltd, will acquire an 80% stake in US accommodation provider Synergy Global Housing for $33.7 million, in a move that will triple its US portfolio to around 3,000 units.
Nikkei Asian Review 

Join Singapore dots for direct line to new Asian markets
Occupying a landmass about the size of Co Louth, just one degree north of the equator, Singapore is known as the Red Dot. It teems with a population of over 5.5 million and has four official languages: English, Mandarin, Malay and Tamil.
Independent 

Huawei reinforces commitment to Singapore’s ‘Smart Nation’ initiative
Huawei has announced strategic partnerships with the Infocomm Media Development Authority (IMDA), Keppel Data Centres, and Ascent Solutions through the signing of two Memorandums of Intent (MOI) and a Memorandum of Understanding (MOU), cementing Huawei and its partners’ commitment towards Singapore’s Digital Economy future for a Smart Nation.
NetWorksAsia 

Singapore gains momentum in arms race for currency trading hub status
Recent success in attracting peer-to-peer lender Lufax underscores Singapore’s growing appeal as a hub for new financial technology trading and wealth management platforms
South China Morning Post 

ComfortDelGro to allow cashless digital payment for street-hail taxi rides
All rides taken on ComfortDelGro taxis – booking or street-hail – can be paid for using the Masterpass digital payment service from next month, the company said in a press release on Sunday (Jul 23).
Channel NewsAsia 

Mobile wallet payment – is Singapore behind the curve?
Channel NewsAsia explores why analysts think mobile wallet payment methods have been slow to take off in Singapore.
Channel NewsAsia (video)

Telehealth gaining traction, though ethical and legal issues persist
Telemedicine is gaining more ground in Singapore, from progress seen in hospital programmes to new platforms coming online for patients to seek out and book healthcare professionals.
Today Online 

E-payments in Singapore get a Stripe fillip
ADVANCEMENTS in digital payments shaped Singapore’s payments landscape in July, allowing many Internet businesses to sell to a wider audience and more quickly adapt to “new retail”, a phenomenon coined by Chinese e-commerce group Alibaba that entails retailers leveraging the Internet and customer data to sell better.
The Business Times 

Coffee shops get smart to beat manpower crunch
Imagine ordering kopi-o through a digital screen. Instead of coins, you use your ez-link card to pay.
The New Paper 

Buying your way to a degree: Singapore-based ghostwriting services target students online
Some cite years of experience helping students, while others say they are students from elite schools looking to earn some extra cash before they go to university. Here’s what goes into the online market of ghostwritten essays.
Channel NewsAsia 

T4 to give Changi Airport a boost in meeting growing demand
TERMINAL 4 will give Changi Airport a much-needed boost in handling capacity amid growing passenger traffic and allow the testbedding of automated solutions on a big scale when it opens later this year.
The Business Times 

Singapore retailers can move faster to embrace ‘new retail’
WHILE Singapore retailers are innovating and coming to terms with e-commerce, they can move even faster to adapt to “new retail”, said observers.
The Business Times 

Fund Focus: Azure Capital bullish on the Singapore equities story
Terence Wong, the chief executive and founder of Singapore-based asset management company Azure Capital, is bullish on the prospects and potential of Singapore’s equities market.
DealStreetAsia

Director of Singapore firm denies trade links to North Korea
The director of a Singapore company reported to have trade links with North Korea has denied the allegations made against him.
The Straits Times (paywall)

Singapore’s Centurion Corp Buying Five Student Residences In US For $135.9 Mln
Singapore real-estate company Centurion Corp.’s wholly owned unit Centurion Overseas Investments is buying five student hostels in the U.S. for $135.9 million (S$187.1 million) in cash, Centurion Corp. said in an exchange filing Monday.
Nikkei Asian Review 

Durian prices reach 33-year high
Durian lovers, take note – prices of the spiky fruit have shot up to a 33-year record high, according to sellers.
The New Paper 

 

Feature photo Graeme Churchard
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 Khat

Junior Journalist at AEC News Today
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 set.
Leakhena Khat

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