Singapore Morning News For November 6

Singapore Morning News For November 6

Singapore morning newsStarHub Q3 profit falls 11%
Singapore’s StarHub has reported an 11% decline in net profit for the third quarter of 2017 to S$77 million ($56.6 million), partly as a result of lower core service revenue.
Telecom Asia 

Singapore govt wants to help develop chat assistants which can understand Singaporean accents
The Infocomm Media Development Authority (IMDA) has announced the launch of several new programmes to advance AI development in Singapore.
The Independent Singapore 

Big increase in child porn webpages hosted in Singapore
Singapore accounts for a disproportionate number of Asia’s webpages containing images of child sexual abuse, a disturbing trend that experts say needs close monitoring.
The Straits Times (paywall)

Singapore, Australia reaffirm strength of bilateral ties
Foreign Minister Vivian Balakrishnan met his Australian counterpart Julie Bishop in Perth yesterday, where they discussed regional developments and reaffirmed the strength of Singapore-Australia bilateral ties.
The Straits Times (paywall)

MAS to tighten cybersecurity, loosen sandbox rules
THE Monetary Authority of Singapore (MAS) plans to set further requirements in cybersecurity, with its managing director Ravi Menon pointing to cybersecurity risks posed by banks going digital.
The Business Times 

Commentary: A clear path to transforming Singapore’s financial services sector
Minister for Education (Higher Education and Skills) and Monetary Authority of Singapore board member Ong Ye Kung unveiled the Industry Transformation Map (ITM) for the financial services sector on Monday (Oct 30).
Channel NewsAsia

Singapore DBS 3Q Net Profit Drops 23% Due To Hefty Provisions
Singapore’s biggest lender DBS Group Holdings reported on Monday a 23% drop in third quarter net profit as it made hefty provisions on its exposure to the oil and gas support services industries.
Nikkei Asian Review (paywall)

Singapore, China to collaborate on capital markets development
The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) agreed to collaborate on the development of their capital market policies during the second MAS-CSRC Supervisory Roundtable.
Singapore Business Review 

5 things Singaporean workers can anticipate in the future
The options facing young workers in Singapore today are vastly different from what their parents had to contend with.
Asia One 

THE MIGRANT WORKERS FALLING INTO DEBT TRAPS IN SINGAPORE’S CASINOS
It is 4.30am on a Saturday and Raja*, 35, is sprawled on the Marina Bay Waterfront Promenade in Singapore, watching a YouTube clip on his mobile phone. He’s had a long night and there’s still some time to go – the migrant worker from Chennai in India is waiting for subway services to begin so he can return to his dormitory some 25km away.
South China Morning Post 

Better load factor could drive SIA’s earnings up
Singapore Airlines (SIA) will release its results on November, and better load factor could be the main driver for profit growth in the company, UOB Kay Hian said.
Singapore Business Review 

Singapore a hotbed for cryptocurrency startups
On a cold winter’s night in 2014, a Wall Street trader and a programmer were having a rigorous discussion over a few glasses of beer at a borough in New York.
Today Online 

Singaporean millennials are hopping in on the co-living trend
Tech company Hmlet facilitates rentals for users for as short as three months and for $900 per room.
Singapore Business Review

New mobile app launched to help food outlets cut waste
It was the sight of his family dumping expiring food from the freezer that motivated Mr Preston Wong last year to create a digital application to help food sellers reduce food wastage.
Today Online 

DBS embracing technology can become Singapore’s Ant Financial
Forget the lending book. Dismiss the wealth-management aspirations. It’s DBS Group Holdings Ltd.’s embrace of technology that could be the next big driver of shareholder returns at Southeast Asia’s biggest lender.
DealStreetAsia 

Singapore: UpCode Academy & AlgoMerchant close funding
Singapore-based startup ventures UpCode Academy and AlgoMerchant have closed early-stage funding rounds.
DealStreetAsia 

Rising school fees for non-S’poreans force rethink among Johoreans
Eight years ago, it was a no brainer for the parents of 15-year-old Danson (not his real name) to send him to a primary school in Singapore. They wanted him to be taught in English, and an international school in Johor would cost at least twice as much.
Today Online 

 

Feature photo cegoh
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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