Singapore Morning News For November 24

Singapore Morning News For November 24

Singapore morning newsMyRepublic gets $52m funding injection
Singapore-based ISP MyRepublic has secured a S$70 million ($51.9 million) investment to pursue further regional expansion and establish MVNO operations.

Signapore ag authority says durians safe to eat after insecticide rumours
Durian lovers in Singapore can eat the pungent fruit without fear, as the Agri-Food and Veterinary Authority (AVA) has dispelled rumours that suggested there were high levels of insecticide in Malaysia’s Musang King durians or Mao Shan Wang durians.
Fresh Plaza

Basic wage to rise by S$300 over 3 years for security officers
The Security Tripartite Cluster (STC) has recommended a higher basic wage and reduced overtime hours for private security officers.
Channel NewsAsia 

Raising private investments in S-EA infrastructure key, says World Bank
SOUTH-EAST ASIA has drawn increasing levels of investments into infrastructure development in recent years, but more still can be done to boost it, a World Bank official said on Thursday.
The Business Times 

Singapore’s ‘biggest carnival’ comes to Marina Bay in December
Roll up, roll up – from December this year, Marina Bay will play host to a carnival spanning 25,000 sq m at The Promontory and Bayfront Event Space.
Channel NewsAsia

Singapore C2C marketplace turns to AI to combat fraud, improve UX
Carousell believes the focus on artificial intelligence (AI) needs to move past the hype and on how companies can actually adopt it to gain real business benefits.

Services rely on growth in manufacturing, but it doesn’t cut both ways
THE manufacturing and services sectors have served as the twin engines fuelling Singapore’s economic growth, but the development of the services sector has typically been more reliant on the growth of the manufacturing sector than the other way around.
The Business Times 

Singapore Red Cross launches fundraiser for flood-hit Vietnam, Penang
The Singapore Red Cross (SRC) has launched a month-long fundraising appeal to aid communities in Southeast Asia affected by recent floods, notably in Vietnam after Typhoon Damrey and in Penang.
Channel NewsAsia 

‘I’ve just gotten started’: Razer’s Tan Min-Liang on future plans, setting up shop in Singapore
“I’ve just gotten started,” declared Razer CEO Tan Min-Liang.
Channel NewsAsia 

Singapore committed to women’s rights and equality: MSF
Singapore remains committed to the protection of women’s rights, and is continuing to take steps to promote gender equality.
The Strait Times (paywall)

Rise of the chatbots: Here’s how Singapore’s big banks are adopting fintech
Singapore is already recognised as a top global fintech hub, thanks to government support and proximity to expertise. The year hasn’t ended yet, but the sector has already transformed the banking landscape, UOB Kay Hian said.
Singapore Business Review 

Brand South Africa seeks to strengthen ties with Singapore
As business and trade links between South Africa and Singapore continue to deepen, Brand South Africa and the South African High Commission in Singapore hosted an event and research consultation on 22 November 2017 in Singapore with the intended aim of enhancing South Africa’s trade and business connections with Singapore, as well as the wider Asia region.
Asia One 

Singapore consumers prefer mostly global brands over local products: Poll
Global brands are trumping local ones among consumers here, especially when it comes to products for babies, says a new survey.
The Strait Times (paywall)

Not just ‘phantom rides’, UberEATS customers also charged for food orders they didn’t make
More Uber customers here, including those using its food delivery service UberEATS, have come forward with reports of fraudulent credit card transactions.
Today Online 

Singapore makes a ‘good start’ on its debt restructuring ambitions
Singapore has made “a good start” in its bid to become a debt restructuring hub in the region, with six workout cases filed before its courts after it adopted US Chapter 11-like incentives in local company laws this year, a senior government official said.
Today Online

Singapore consumer prices edge up
Inflation remained muted last month despite stronger economic growth, though prices of some key items – including food, healthcare and education – continued to edge up.
The Strait Times (paywall)

Singapore Tourism Board launches technology road map to help hotels transform
The Singapore Tourism Board (STB) has announced a framework to help hotels adopt technology and transform their operations in a rapidly changing digital landscape.
Channel NewsAsia 

Man charged with failing to fully declare S$12m he brought into Singapore
A Malaysian man who allegedly brought a total of S$12 million into Singapore over a period of about seven months on Thursday (Nov 23) faced 100 charges for failing to fully and accurately declare the cash.
Channel NewsAsia 

S’pore-Jiangsu tie-up holds opportunities in trade, professional services
SINGAPORE firms that know the region well stand to gain from the city state’s close cooperation with Jiangsu, especially as more Chinese firms are going international, Finance Minister Heng Swee Keat has said.
The Business Times 

Two robots help with air cargo workers’ load
Two prototypes, one by Singapore Technologies Dynamics (ST Dynamics) and the other by TUM Create, will go some way to reducing their work load.
The New Paper


Feature photo Aapo Haapanen
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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