Singapore Morning News For October 26

Singapore Morning News For October 26

Singapore morning newsSingapore among top performers in new ADB regional integration measure
SINGAPORE is among the top performers in the Asia-Pacific Regional Cooperation and Integration Index, a new measure of the progress of regional cooperation and integration in the region.
The Business Times 

Hong Kong, Singapore to Collaborate on DLT Trade Finance Platform
Hong Kong’s banking regulator and de facto central bank has announced a new collaboration with Singapore aimed to digitize trade finance using distributed ledger technology (DLT).
Coindesk 

Important for Singapore to sustain good bilateral ties with US and for America to remain engaged in region: PM Lee
American companies and investments in Singapore generate tens of thousands, if not hundreds of thousands, of jobs, for Singaporeans, Prime Minister Lee Hsien Loong said on Wednesday (Oct 25 US time).
The Straits Times (paywall)

Don’t underprice global risks, Singapore’s central bank chief warns
Investors are underestimating risks to the global economy as they drive stock markets to record highs, Singapore’s central bank chief warned.
DealStreetAsia

Anthony Couse: Eco-friendly offices are the new gold standard
Singapore’s Asia Square Tower 2 made headlines in September when it was sold to CapitaLand Commercial Trust for $1.5 billion, setting the record for the biggest office deal in Asia-Pacific this year. In 2016, Asia Square Tower 1 was acquired by Qatar Investment Authority for $2.45 billion.
Nikkei Asian Review (paywall)

Singapore’s island getaway that’s 15 minutes by boat
It takes no more than 15 minutes to make the eastward crossing on a juddery old bumboat from Changi Jetty on Singapore’s main island to Pulau Ubin, where gray-barked pulai trees stretch skyward, their pillar-straight trunks evoking the slate and glossy office towers that crowd the Singapore skyline.
Nikkei Asian Review (paywall)

Singapore: US effort to open markets may ‘come to grief’
Singapore’s prime minister has raised doubts over the Trump administration’s trade policy, saying a hasty push to get countries to open their markets may “come to grief.”
Business Insider 

Unilever reveals start-ups to join its APAC incubator Foundry 30
Unilever has unveiled 30 Asia-Pacific-based start-ups will join its Foundry incubator program in Singapore.
Mumbrella Asia 

S’pore’s productivity loss due to sick, absent workers may reach S$3.3b by 2030: Study
Absenteeism from work is expected to worsen when Singapore’s population is greyer in 2030.
Today Online 

PE firm ShawKwei buys majority stake in Singapore-based Gaylin for $50m
Asia-focused PE fund manager ShawKewi Asia Value Fund through its wholly-owned unit PeakBayoi has acquired a majority stake in Singapore-based oil industry supplier Gaylin Holdings for S$68 million ($50 million).
DealStreetAsia 

Japanese fashion mall Lumine to open in Singapore on Nov 25
Japanese fashion mall Lumine is set to open in Clarke Quay Central on Nov 25 – its first mall outside Japan.
Channel NewsAsia 

Was poor maintenance again the cause of this morning’s North-South Line track fault?
A track fault between Ang Mo Kio and Bishan caused trains travelling to the city to travel much slower, for most of the morning today.
The Independent Singapore 

Singapore renewables developer Equis Energy acquired for US$5b in cash
IN WHAT is said to be the largest deal in history for the renewables sector, infrastructure fund manager Global Infrastructure Partners (GIP) is leading a consortium to acquire Singapore-based renewable-energy developer and operator Equis Group for US$5 billion in cash.
The Business Times 

US National Security Adviser calls on PM Lee
SINGAPORE Prime Minister Lee Hsien Loong received a call by United States National Security Adviser H R McMaster in Washington DC on Tuesday afternoon (Wednesday morning, Singapore time).
The Business Times 

Grab testing out a flat membership fee that will give riders ‘surge-free’ rates
Ride-hailing player Grab has devised another idea to tie down users: Guaranteeing fares without surge pricing for S$50 a month.
Today Online 

Wrapping up Washington visit, PM Lee underscores need to engage US at all levels
Prime Minister Lee Hsien Loong has underscored the significance of Singapore’s ties with the United States, particularly in the economic sphere, while stressing the need for the Republic to continue engaging the superpower at all levels.
Today Online 

Sembcorp to build solar systems to power hangar facilities at Changi, Seletar
Energy solutions provider Sembcorp Industries will be developing two solar energy systems to help ST Aerospace power its operations at two facilities.
Today Online 

My First Skool apologises after K2 boy with autism goes missing
My First Skool has apologised after a Kindergarten 2 student with autism went missing from the pre-school he attends in Serangoon North on Tuesday (Oct 24), only to be found more than 12km away at Yishun MRT station.
Channel NewsAsia 

US reviewing Asia policy, but ‘nobody is talking about disengaging’: PM Lee
Prime Minister Lee Hsien Loong who is on an official working visit to the United States said on Wednesday (Oct 25) that while the new US administration is reviewing and developing its trade and foreign policies towards Asia, he takes comfort from the fact that “nobody is talking about disengaging.”
Channel NewsAsia 

Asia building the future for better quality of life with smart cities: MIT report
This is the conclusion of MIT Technology Review’s latest report in collaboration with global media and digital marketing communications leader, Dentsu Aegis Network.
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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