Singapore Morning News For October 17

Singapore Morning News For October 17

Singapore morning newsSingapore exports slip 1.1% in September on electronics slowdown
SINGAPORE non-oil domestic exports (NODX) slipped 1.1 per cent from a year ago in September after a 16.7 per cent jump in August, figures released by International Enterprise (IE) Singapore show.
The Business Times 

SMEs grapple with rising costs, stiff competition: survey
THE recent economic data in Singapore may paint a rosy picture, but a recent report found that small and medium-sized enterprises (SMEs) are not out of the woods yet.
The Business Times 

Cheaper rivals target Singapore’s aviation maintenance sector
Singapore, the dominant hub for aircraft maintenance, repair and operations (MRO) in southeast Asia, the world’s fastest-growing aviation market, is under threat from low-cost rivals in nearby Indonesia, Thailand and Malaysia.

Huawei to launch Mate 10 smartphones in Singapore in October
It’s the season for new smartphone launches, and Chinese tech giant Huawei was the latest to do so, unveiling its Mate 10 and Mate 10 Pro smartphones in Munich, Germany on Monday (Oct 16).
Channel NewsAsia 

Asians may be more prone to diabetes due to reduced ability to produce insulin
Asians may develop diabetes even at lower levels of obesity than Caucasians, early findings from one of the largest studies on diabetes here show.
Today Online 

Marvelstone to launch world’s largest AI hub in Singapore next year
Marvelstone Group, the private investment firm behind Singapore-based fintech hub LATTICE80, plans to launch the world’s largest artificial intelligence (AI) hub in Singapore’s central business district (CBD) in 2018.
The Straits Times (paywall)

Singapore tax incentives meet global standards
An international body overseeing global tax practices has said that Singapore’s tax incentives meet the international standards on countering corporate tax avoidance.
The Straits Times (paywall)

Singapore’s NTU beats NUS again to be Asia’s best university
Nanyang Technological University in Singapore (NTU) is now no.1 in Quacquarelli Symonds’ (QS) Asia University Rankings.
Study International 

Foreign developers throwing lines into Singapore’s en bloc pond
FOREIGN developers – those from China in particular – sense there’s a killing to be made from Singapore’s feverish en bloc market.
The Business Times 

Chip Eng Seng buys Changi Garden for S$248.8m
PROPERTY developer Chip Eng Seng has won the tender for the en bloc sale of Changi Garden at a price of S$248.8 million. It plans to redevelop the freehold property into a low-rise residential condominium with full facilities.
The Business Times 

Singtel fined S$500,000 for fibre broadband outage last December
Singtel was on Monday (Oct 16) fined S$500,000 for the nearly 24-hour fibre broadband disruption that first started on Dec 3 last year.
Channel NewsAsia 

Emir of Qatar makes state visit to Singapore
The Emir of Qatar Sheikh Tamim Bin Hamad Al Thani will make a state visit to Singapore from Oct 16 to Oct 17, Singapore’s Ministry of Foreign Affairs said in a press statement on Monday (Oct 16).
Channel NewsAsia 

Fast Asia Open: Singapore exports, lCBC earnings
A Swiss hedge fund is poised to launch an activist campaign to break up Credit Suisse, tapping into investor impatience with the progress of the bank’s turnround under chief executive Tidjane Thiam.
The Financial Times 

SGD bonds still hot as interest rates stay low
SINGAPORE-dollar (SGD) bond deals continue to hit the market, and are being snapped up by investors who fear the “low-for-long” interest rate mantra is sticking.
The Business Times 

Hungry Ghost period holds back sales of new private homes
New private home sales were lacklustre last month with developers holding off on big new project launches as the Hungry Ghost period spanned most of September.
The New Paper

Shooting frenzy, explosions part of 1st counter-terror drill at Changi Airport
A large-scale counter-terrorism drill was staged at Changi Airport for the first time in the early hours of Tuesday (Oct 17), featuring an action-packed scenario involving gunmen killing crowds, a suicide bombing and the discovery of a makeshift bomb.
Today Online 

McDonald’s Singapore introduces mobile phone lockers to encourage family bonding
IT’S getting harder for families to have quality bonding time over meals with both parents and kids glued to their screens.

Temasek International, Fullerton make key appointments
Singapore state investment firm Temasek’s management arm Temasek International (TI) on Monday announced several key appointments.

Transport Minister: DTL open house disruption ‘bad luck’
The Downtown Line (DTL) disruption on Sunday that dampened the mood of the DTL3 open house was “bad luck”, Transport Minister Khaw Boon Wan said yesterday.
The New Paper 

Jail for woman who stabbed husband over messages from girlfriend
A woman stabbed her husband after he openly exchanged sweet nothings with his girlfriend over the phone.
The New Paper

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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