Singapore Morning News For October 3

Singapore Morning News For October 3

Singapore morning newsInfrastructure Protection Bill passed in Parliament
Proposed laws to beef up protection of buildings that are iconic, highly frequented or that house essential services were passed yesterday, with Second Home Affairs Minister Josephine Teo saying the measures could cost 0.2 to 3 per cent of total construction cost.
Today Online 

LTA drops need to park private-hire cars under a business
FROM this month, a private-hire car (PHC) can be owned by an individual, without the need to first register a business entity with the Accounting and Corporate Regulatory Authority (Acra).
The Business Times 

Factory activity grew for 13th straight month
Manufacturing activity recorded its 13th consecutive month of expansion for September and is at the highest level since April 2011, as the technology sector continued to provide support.
Today Online 

Singapore’s Creative Unit Files Patent Infringement Lawsuit In US Against Nvidia
Singapore’s Creative Technology’s wholly owned unit ZiiLabs Inc. has filed a patent infringement lawsuit in the U.S. against Nvidia Corp., according to an exchange filing Tuesday.
Nikkei Asian Review 

Singapore to tackle money laundering with data analytics
Deputy Prime Minister Teo Chee Hean says authorities will work with the private sector to target individuals involved in terrorism financing.
The Nation

S’pore industrial parks abroad help local SMEs in global drive
SOME 240 Singapore companies, 70 per cent of them small and medium enterprises, have invested in Singapore industrial parks set up in emerging growth economies like China, India and Vietnam.
The Business Times 

President Halimah Yacob to move out of Yishun HDB flat: MHA
President Halimah Yacob will be moving out from her home at Yishun Avenue 4, according to a press release by the Ministry of Home Affairs (MHA) on Monday (Oct 2).
Channel NewsAsia 

S’pore must be place where innovation can thrive: Minister
Main obstacles are entrenched processes and bureaucracy, Ong Ye Kung tells public servants
The Straits Times (paywall)

Singapore’s approach to addressing socio-economic inequality has ‘served it well’: Indranee
The approach taken by Singapore to addressing socio-economic inequality has served it well so far, said Senior Minister of State for Finance Indranee Rajah on Monday (Oct 2), noting that even as income gaps widen elsewhere, inequality here has been kept in check.
Channel NewsAsia 

muru-D Singapore kicks off third cohort
TELSTRA-backed accelerator muru-D today announced the 10 startups from six countries across Asia, including four from Singapore, that have been selected to join its latest six-month programme.
Digital News Asia 

Lufthansa pens joint venture with Singapore Airlines
Singapore Airlines (SIA) and Lufthansa Group have this week launched their joint venture co-operation covering flights between Singapore, Australia and Germany, Switzerland, Austria and Belgium.
Spice News 

Singapore worker groups join forces over mental health
Two leading unions have joined forces in an alliance they hope will help raise awareness of mental wellbeing within the healthcare industry.
Human Resource Director

Main obstacle to public sector innovation ‘is ourselves’: Ong Ye Kung
The main obstacle to innovation in the public sector “is ourselves”, Education Minister Ong Ye Kung said on Monday (Oct 2).
Channel NewsAsia 

PM Lee condemns Las Vegas shooting as ‘senseless, indiscriminate act of violence’, sends condolences
Prime Minister Lee Hsien Loong on Monday (Oct 2) wrote to US President Donald Trump to condemn Sunday’s shooting in Las Vegas as a “senseless and indiscriminate act of violence” and offer his condolences, the Ministry of Foreign Affairs said in a media statement.
Channel NewsAsia 

Maritime Security Task Force monitors vessels found to have ‘malignant intent’: Ng Eng Hen
The Maritime Security Task Force (MSTF) closely monitors and could even board vessels that are found to have ill-intent towards Singapore, Defence Minister Ng Eng Hen said in Parliament on Monday (Oct 2).
Channel NewsAsia 

Operators of unlicensed massage businesses to face harsher punishments under new legislation
A new Massage Establishments Bill seeks to increase the punishment for operating unlicensed massage establishments as well as licensed but non-compliant operators, the Ministry of Home Affairs (MHA) announced on Monday (Oct 2).
Channel NewsAsia 

HDB resale flat prices declined 0.6% in Q3: Flash estimates
The resale price index – which provides information on the general price movements in the resale public housing market – is estimated to have slid to 132.9 from 133.7 in the previous quarter, HDB said.
Channel NewsAsia (video)

Bill requiring key buildings to strengthen security measures passed in Parliament
Under the new law, critical infrastructure and new buildings with high public footfall are required to incorporate security into their design. Building owners who refuse to comply could face a fine and/or prison sentence.
Channel NewsAsia (video)

MPA given powers to block purchase or disposal of stake in key entities
THE Maritime and Port Authority of Singapore (MPA) will now have the power to reject an acquisition or disposal of equity interest in key designated entities, if it deems they hurt the port’s interests.
The Business Times 

Fight against terror extends to improving building security
CRITICAL infrastructure, buildings with high traffic by members of the public and iconic buildings must now incorporate anti-terrorism security features into their design before they are built or renovated.
The Business Times 

Around 90 accidents involving PMDs, e-bikes in first half of the year: Khaw
There were about 90 accidents involving personal mobility devices (PMDs) and electric bicycles in the first half of the year, which caused four deaths and about 90 injuries, the Ministry of Transport said on Monday (Oct 2).
Today Online 

Bill tabled to raise smoking age to 21
The Bill to amend the Tobacco (Control of Advertisements and Sale) Act will also make it illegal for people to own imitation tobacco products like e-cigarettes.
The New Paper 

SG Dealbook: Vensica Medical raises $2m; Loyz Energy deal; Rotary Engineering privatisation
Vensica Medical has raised $2 million in funding, Loyz Energy has issued shares to Arctos Investments and Rotary Engineering could delist from the SGX.
DealStreetAsia

Singapore Insurance companies do battle!
Whilst most insurance companies give away petrol and shopping vouchers, Budget Direct Insurance has gone one step further. They’re giving away hard cash to motorists who haven’t even bought their insurance.
Asia One 

A new dawn for Singapore high-end condos?
A FRESH air of revival seems to have surfaced in Singapore’s private residential property market, since the first half of 2017. After more than three years of continuing price declines over 15 quarters, overall private home prices in Singapore are showing gradual signs of bottoming out since the last peak in Q3 2013.
The Business Times 

Singapore-German ties: focus on trade and innovation
THE relationship between Germany and Singapore is focused on trade and innovation. This can be seen by the signing of a joint declaration on strengthening cybersecurity cooperation to deepen information exchange earlier this year.
The Business Times 

Accidents in S’pore’s waters: Ships detected but not monitored
The vessels involved in two recent maritime accidents in Singapore’s waters were detected by a network of sensors used by the Republic of Singapore Navy’s Maritime Security Task Force (MSTF). However, they were not closely monitored by the taskforce as the vessels did not pose a potential security threat.
Today Online 

CPF Act to be amended for easier transfer of funds to parents’ and grandparents’ accounts
It may soon be easier for Singaporeans to transfer money to the Central Provident Fund accounts of their parents and grandparents, giving the recipients more flexibility to plan for retirement.
Today Online 

Takeaways from Singapore’s population data
Singapore’s total population grew by a mere 0.1 per cent to 5.61 million in the 12 months leading up to June this year – the slowest growth rate in more than a decade. In the 10 years before that, total population increased by an average of 2.45 per cent each year.
The Straits Times (paywall)

 

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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