Singapore Morning News For October 10

Singapore Morning News For October 10

Singapore morning newsMAS issues stern money laundering warning; Jakarta starts StanChart probe
THE Monetary Authority of Singapore (MAS) on Monday declared its firm commitment to keeping the country’s financial centre clean and safeguarded from illicit activities.
The Business Times 

Singtel to be first in SEA to launch Google’s Pixel 2 XL
Singtel has signed on as the exclusive telco partner in Singapore for Google’s planned Pixel 2 XL smartphone.
Telecom Asia

Amazon faces uphill struggle in S’pore from malls and Alibaba
AS Amazon.com Inc. pushes into South-east Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago.
The Business Times 

Singapore’s largest post office opens with ‘future-ready’ features
At the new General Post Office (GPO) at Paya Lebar, users can send registered mail 24 hours a day, without needing to rely on postal staff over the counter.
Channel NewsAsia 

Malaysia to implement Vehicle Entry Permit for all foreign-registered vehicles
All foreign-registered vehicles entering Malaysia will soon require a Vehicle Entry Permit (VEP) that costs RM25 (S$8), said Malaysia’s transport minister Liow Tiong Lai on Saturday (Oct 7).
Channel NewsAsia 

Singapore’s National Water Agency to install smart shower devices for 10,000 new homes to boost water conservation
Singapore’s National Water Agency, PUB, is planning to install deliver smart shower devices for 10,000 new homes under the Smart Shower Programme. Two companies, Amphiro AG, and Smart and Blue have been appointed for the same.
Open Gov Asia 

Indonesia investigates StanChart over S$1.91 billion transfer
Indonesia is investigating reports that US$1.4 billion (S$1.91 billion) held by Standard Chartered Plc in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules, tax and regulatory officials said.
Today Online 

Cancer scientists sniff out durian genome
A low-sugar version of the king of fruits that is suitable for diabetics could become a reality in the future, according to cancer scientists in Singapore who have mapped the genetic make-up of the durian for the first time.
Today Online 

Nokia 3310 3G phone to start selling in S’pore from Oct 14
Nokia’s latest edition of its iconic 3310 model, complete with 3G mobile connection, will hit Singapore’s stores from Saturday (Oct 14).
Today Online 

Singapore Post to work with Lazada, CapitaLand at new mall
Singapore Post said on Monday it was finalizing details with Southeast Asian e-commerce player Lazada, majority owned by China’s Alibaba Group Holding, and Singaporean property developer CapitaLand to bring “click and collect” services to the postal company’s redeveloped shopping mall, ahead of its official opening on Oct. 12.
Nikkei Asian Review (paywall)

Singapore, Malaysia stocks little changed on slowdown in China services
Shares in Singapore and Malaysia ended little changed on Monday after services activity in China, the largest trading partner of the two nations, declined to a near two-year low, damping investor sentiment.
Nikkei Asian Review (paywall)

Singapore: Taizo Son’s Mistletoe leads $3.5m funding in VC platform Hatcher+
Mistletoe, owned by billionaire investor Taizo Son, has led a $3.5 million investment in Singapore-based data-driven venture investment platform Hatcher+.
DealStreetAsia

MAS chief makes push for fintech tie-ups in blockchain
RAVI MENON, Monetary Authority of Singapore’s (MAS) managing director, said on Monday that innovation and technology will be the main drivers of growth in Singapore, especially in its financial services sector.
The Business Times

SingPost Centre delivers mail, mall and more
ONE-STOP lifestyle destination SingPost Centre re-opened on Monday, after having grown bigger.
The Business Times 

MAS panel discusses strategies for Singapore’s cyber resilience
The Monetary Authority of Singapore (MAS) set discussions in motion last week as part of the group’s plans to enhance the cyber resilience of Singapore’s financial sector.
Security Brief 

China Railway Tunnel wins contract for Prince Edward station, tunnels
THE Land Transport Authority (LTA) has awarded the S$310.8 million civil contract for Circle Line 6 (CCL6) Prince Edward Station and its associated tunnels to China Railway Tunnel Group Co (Singapore branch).
The Business Times 

Scientists in Singapore help to discover new marine species
Thirteen thousand feet deep, on the cold, dark desert of the Pacific Ocean seafloor, scientists have discovered new sponges living on rock nodules targeted for deep-sea mining.
Today Online 

Cash is pouring into Singapore’s biggest private venture fund
The Singaporean venture capital firm led by Finian Tan, who made his name investing early in Chinese search giant Baidu Inc, has completed its largest fundraising yet to bankroll global deals.
Today Online 

Seizing opportunities in cyber security
In the course of his career, Mr Wahab Yusoff has seen cybersecurity grow from just an afterthought to becoming an imperative.
Today Online 

Temasek’s Vertex Raises S$286 Million for Southeast Asian Deals
Vertex Ventures, the venture capital arm of Temasek Holdings Pte, has completed its biggest fundraising for Southeast Asian and Indian technology deals.
Today Online

AVA fines importers of Ba Shu Hotpot, products seized
The Agri-Food and Veterinary Authority (AVA) has fined importers of the latest food craze here and seized the products, the agency said in a statement to The Straits Times yesterday.
The New Paper 

Shopping goes hi-tech at Paya Lebar mall
Consumers can use an app to locate items on a shopping list, collect online orders from refrigerated lockers, get alerts to discounts even as they shop, visit a smart post office with self-service available round the clock, and watch a movie with super-sharp images.
The New Paper 

Singapore’s first robot masseur starts work at TCM clinic
Emma – short for Expert Manipulative Massage Automation – is a robotic massager, developed by a team of researchers, engineers and programmers at AiTreat, a start-up incubated by Nanyang Technological University (NTU). It is particularly good for neck and knee massages.
The New Paper 

2 companies chosen to supply smart shower devices to 10,000 homes
National water agency PUB has appointed two companies – Amphiro AG and Smart and Blue – to supply and deliver smart shower devices to 10,000 new homes.
Channel NewsAsia 

Big push in Singapore to equip workers with basic digital skills
The aim is to get 100,000 people trained over the next 3 years in the largest national training programme in a decade.
The Nation 

Exclusive: L Catterton puts Singapore-based restaurant chain Crystal Jade on the block
L Catterton, a private equity fund backed by luxury goods giant LVMH, is likely to offload a majority stake in the popular Asian restaurant chain Crystal Jade Group, according to three people aware of the development.
DealStreetAsia

 

Feature photo Neil Howard
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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