Singapore Morning News For October 31

4,000 jobs to be created in financial services and fintech under MAS blueprint
A total of 4,000 net jobs will be created annually till 2020 in the financial services and fintech sectors as part of the industry transformation map (ITM) for financial services which was launched on Monday (Oct 30).
— Today Online

Singapore ranks eighth best city for transport
Singapore is the eighth best city for sustainable transportation in the world, design and consultancy firm Arcadis revealed.
— Singapore Business Review

Interest in Apple’s iPhone X smartphone ‘very good’, say Singapore telcos
Apple will launch its much-awaited iPhone X smartphone later this week on Nov 3, and in Singapore, interest in the device has been healthy according to telcos here.
— Channel NewsAsia

Marina Bay floating platform to be redeveloped to serve as primary venue for National Day Parade
The Marina Bay floating platform will be redeveloped into a permanent space that commemorates National Service (NS), announced Prime Minister Lee Hsien Loong on Monday (Oct 30).
— Channel NewsAsia

Changi T4 off to smooth start, to serve 20 flights on first day
Changi Airport’s fourth and newest terminal is off to a smooth start on its first full day of operations.
— Today Online

Businesses here must think internationally in risk approach
In the 2017 Executive Opinion Survey by the World Economic Forum, Marsh & McLennan Companies and Zurich Insurance Group, business leaders in Singapore voted terrorism and cyber attacks as the biggest global risks.
— The New Paper

Re-train, not retrench, when jobs are at risk, financial sector told
SINGAPORE’S financial sector has put out an ambitious target to continue outpacing the overall economy in growth terms – a target that also aims to take as many financial professionals along the journey as it can while managing job displacements ahead.
— The Business Times

Singapore will remain region’s aviation hub of choice: Analysts
Changi Airport’s Terminal 4 is set to open on Tuesday (Oct 31), strengthening Singapore’s position as Asia’s aviation hub.
— Channel NewsAsia (video)

Singapore rates stirring from slumber to track rising US rates
SINGAPORE interest rates seem to be finally on an upward march, tracking higher US rates.
— The Business Times

Singapore Is Finding It Harder to Grow, Literally
In Singapore, sand is just as precious a resource as oil and water. Securing a steady supply is proving to be trickier these days.
— Bloomberg

Train fares for morning pre-peak travel to fall by up to 50 cents: PTC
Train fares for morning pre-peak travel will be cut by up to 50 cents from Dec 29 across the entire rail network, the Public Transport Council (PTC) announced on Monday (Oct 30).
— Channel NewsAsia

Singapore bans two Muslim preachers, citing divisive views
Singapore has banned two Muslim foreign preachers from entering the city-state because their views bred intolerance and were a risk to its social harmony, the government said on Monday.
— Business Insider / Reuters

Singapore aims to strengthen financial services sector
Singapore on Monday announced a wide-ranging plan to boost its financial services sector, saying it aimed to grow the industry by over four percent a year and create thousands of jobs.
— The Daily Star

Singapore targets 4.3% growth in financial sector
Singapore is aiming to achieve 4.3% growth and 2.4% productivity annually in the financial sector, the Monetary Authority of Singapore (MAS) revealed.
— Singapore Business Review

Singapore government’s decision to ban Mufti Menk draws mixed reactions from netizens
Singapore’s Ministry of Home Affairs has banned two foreign preachers, Mufti Ismail Menk and Haslin Baharim, from entering the nation.
— The Independent Singapore

Singapore Embassy assisting Singaporean journalist detained in Myanmar
The Singapore Embassy in Yangon is providing the necessary consular assistance to detained Singaporean journalist Lau Hon Meng, the Ministry of Foreign Affairs (MFA) said in a media release on Monday night (Oct 30).
— Today Online

Johor River Waterworks resumes treatment operations
PUB’s Johor River Waterworks resumed treatment operations on Sunday (Oct 29) evening, and water supply to Singapore and Johor is being progressively resumed, national water agency PUB said.
— Channel NewsAsia

The Pines members to use Laguna club facilities
Instead, they will have to use the facilities at the Laguna National Golf & Country Club and its upcoming Dusit Thani Laguna Singapore resort near Changi Airport.
— The New Paper

Singapore designers to get retail and incubation showcase at Orchard Road
UP-AND-COMING local designers will soon have the opportunity to showcase their wares under one roof at a prime retail space Orchard Road.
— The Business Times

Singapore Holds Maritime Security Exercise Amid Terror Fears
Last week, Singapore staged another iteration of a complex, interagency maritime security exercise. The exercise, which was observed by top defense officials, is yet another sign of the city-state’s determination to boost its readiness amid the rising terror threat in the wider region.
— The Diplomat

Draft of Singapore’s carbon pricing bill released for public consultation
THE government is conducting a second round of public consultation on the carbon tax as it releases its draft of the carbon pricing bill.
— The Business Times

Feature photo Aapo Haapanen
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.

Singapore Morning News For October 31 added by Leakhena Khat on October 31, 2017
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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.