Singapore Morning News For October 24

Singapore Morning News For October 24

Singapore morning newsSingapore and the US reaffirm ‘robust partnership’ with aircraft deal, closer security cooperation
Prime Minister Lee Hsien Loong and President Donald Trump on Monday (Oct 23) took US-Singapore relations forward in witnessing the signing of a deal for Singapore Airlines (SIA) to purchase 39 Boeing aircraft worth close to US$14 billion.
Channel NewsAsia 

Singapore beefs up muscle in solar and energy storage
SINGAPORE is taking its new energy ambitions a step further by developing its solar forecasting capabilities, enhancing a scheme for selling excess solar energy and installing an energy storage testbed on the grid.
The Business Times 

S$18.7 billion SIA-Boeing deal to create 70,000 jobs in the US
In a vivid example of Singapore’s sizeable investments in the United States despite being a small country of 5.5 million people, national carrier Singapore Airlines (SIA) will buy 39 new aircraft from Boeing in a US$13.8 billion (S$18.7 billion) deal that will create 70,000 jobs in America.
Today Online 

S$6.2m research grant awarded to develop Singapore’s solar forecasting capabilities
A S$6.2 million research grant from the Energy Market Authority (EMA) has been awarded to help develop Singapore’s capability to accurately forecast solar energy output, Senior Minister of State for Trade and Industry Sim Ann announced on Monday (Oct 23). The grant was awarded to a consortium led by the National University of Singapore (NUS) during the Singapore International Energy Week 2017.
Channel NewsAsia (video)

US-Singapore ‘friendship has never been stronger than it is right now’: Trump
The friendship between the United States and Singapore has never been stronger, President Donald Trump said on Monday (Oct 23) as he and visiting Prime Minister Lee Hsien Loong reaffirmed the robust and multi-faceted relations between the two countries.
Today Online 

Singapore’s pension system best in Asia
Singapore is the best performer in Asia when it comes to providing adequate and sustainable income for retirement, but there is room for improvement, said pensions expert Mercer yesterday.
The New Paper 

Singapore to halt car population growth from next year
Singapore, one of the world’s most expensive places to own a vehicle, will not allow any growth in its car population from February, citing the small city-state’s land scarcity and billions of dollars in planned public transport investments.
Reuters 

Why Singapore needs to make nuclear power work
As a pioneer generation Singaporean, two subjects keep my neurons firing in overdrive: floating structures for space creation, and nuclear power to boost the country’s energy resilience.
The Straits Times (paywall)

SIA finalises US$13.8b order for Boeing planes
SINGAPORE Airlines (SIA) has finalised a US$13.8 billion order for 39 Boeing aircraft.
The Business Times 

S’pore imports of Swiss luxury watches spike 90% in Sept
SWISS watch exports to Singapore surged 90 per cent in September from a year ago, making the island Republic the biggest importer of luxury timepieces that month – after Hong Kong and the United States.
The Business Times 

Singapore tells US to cooperate on N.Korea
Singapore Prime Minister Lee Hsien Loong says he has outlined for President Donald Trump his country’s efforts to pressure North Korea over its nuclear program but also advised the US leader to use talks to help resolve the conflict.
SBS 

Singapore malls are primed for Amazon’s click de grace
Singapore’s malls are one click away from irrelevance, though the investment trusts that own them are carrying on as if nothing has changed.
Today Online

Singapore Business Group to hold breast cancer awareness seminar
The Singapore Business Group (SBG) has announced it will organize the “Raffles Night: Breast Cancer – Are Men Also Affected?” seminar at the Pullman Centre Saigon in Ho Chi Minh City on October 26.
Vietnam Economic Times 

New property app allows homeowners to ‘test market’
Yet another online property portal was launched here on Monday (Oct 23) that allows buyers and sellers to list properties on the market and do without housing agents. Such Do-It-Yourself transactions have been part of a growing trend, with consumers becoming savvier in using digital technology.
Today Online 

#MeToo trends in Singapore as police report 20% jump in molestation cases so far in 2017
The #MeToo hashtag that has been trending all over the world this month, following news of the Harvey Weinstein scandal, has been picking up in Singapore as local women come forward to speak up about sexual harrassment they’ve faced here.
The Independent Singapore 

SMRT to get more rail engineers, new maintenance audit teams
To boost train reliability, SMRT will grow its ranks of rail engineers by 40 per cent in the next three years and form special inspection teams whose key job will be to audit maintenance works.
The New Paper 

Cut in COEs for cars, motorbikes from February
Car and motorcycle buyers will have to contend with fewer certificates of entitlement (COEs) from next February as the Government removes a growth rate factor that has been part of the supply formula since 1990.
The New Paper 

10 teens under investigation for Halloween Horror Nights ticket scam
Ten teenagers, aged between 16 and 18, are under investigation for selling at least 120 fake tickets to the Halloween Horror Nights event at Universal Studios Singapore.
Channel NewsAsia 

Singapore, China discuss practical initiatives for ASEAN-China defence ties
An inaugural ASEAN-China maritime exercise is among initiatives to advance ASEAN-China relations, the Ministry of Defence (MINDEF) said in a press release on Monday (Oct 23).
Channel NewsAsia 

Wavemaker Partners leads $2m round for Singapore online hospitality startup ZUZU
Singapore-based online hospitality management startup ZUZU Hospitality Solutions has raised $2 million in a seed funding round led by Singapore and Silicon Valley venture capital firm Wavemaker Partners.
DealStreetAsia

BNM fails to explain soaring house prices, rent generation!
With all of our recent article on the ‘rent generation’, the Malaysian central bank, Bank Negara Malaysia decided to curb criticism by publishing a document that is supposed to explain why houses are not affordable in Malaysia!
The Independent Singapore

Customer’s $12.5k Rolex watch malfunctions twice in 3 weeks; retailer threatens to punch him when he requests a refund
44-year-old Chen spent $12,500 on a second-hand Rolex watch at a store Far East Plaza, only for the watch to malfunction twice within three weeks.
The Independent Singapore

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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