Singapore Morning News For October 5

Singapore Morning News For October 5

Singapore morning newsGoogle partners Singtel to bring Pixel smartphone to Singapore
Google will for the first time launch its Pixel smartphone in Singapore – making it the first Southeast Asian market to have the device.
Channel NewsAsia 

Singapore, Thailand discuss e-payment alliance for digital push
Singapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash.
The Business Times 

OCBC’s business customers will be able to transfer funds by talking to Siri
Singapore’s Smart Nation push saw a new development with OCBC Bank tapping Apple’s Siri virtual assistant to allow businesses to transfer funds just by speaking to their Apple iPhone.
The New Paper 

CDL, Hong Leong unit bag Amber Park with ‘aggressive’ S$906m bid
AMBER PARK, a 200-unit development at Katong, has been sold via a collective sale to a joint venture between a City Developments (CDL) subsidiary and Hong Realty, the private real estate arm of Hong Leong Group.
The Business Times 

Singapore: Video analytics platform Wootag closes $2.7m pre-Series A round
Singapore-based interactive video marketing and analytics platform Wootag has raised $2.7 million in pre-Series A funding round led by Euco Investment, Wavemaker Partners & SPRING Singapore, as well as other investors.
DealStreetAsia 

Uberis Capital leads pre-Series A investment in Singapore energy startup SolarHome
SolarHome, a Singapore-based energy startup with presence in Myanmar, has raised a pre-Series A round led by impact investment firm Uberis Capital.
DealStreetAsia

MAS ‘in no rush’ to tweak exchange rate policy
The economic outlook is brightening and inflation is creeping up, but the Monetary Authority of Singapore (MAS) is expected to leave its exchange rate policy unchanged when it meets next week, most economists said.
The New Paper 

Biopharma firm AbbVie opens S$400m biologics plant in Tuas
GLOBAL research and development-based bio-pharmaceutical company AbbVie has enlarged its footprint in Singapore.
The Business Times 

Singapore Tests Blockchain Payments for 19,000 Unbanked Migrants
A Singapore bank has signed an agreement which will see Blockchain payments help up to 19,000 migrants transact without banking access.
CoinTeleGraph

Surging Singapore land bids are unsustainable, warns executive
Surging bids for Singapore land aren’t sustainable in a market constrained by demographics and the government’s cooling measures, according to the head of a developers’ association.
Today Online 

Factories, cars behind haze in Singapore
Hazy conditions in parts of Singapore this week might have prompted fears that fires were once again burning in the region, but experts point to culprits closer to home: factories and cars.
The Straits Times (paywall)

Budget $349 Xiaomi Mi A1 to launch in Singapore on Oct 14
Xiaomi’s first near-stock Android phone, the budget Mi A1, will finally be available in Singapore on Oct 14, over a month after it was first launched in India.
The Straits Times (paywall)

Digital and adtech salaries tally across Singapore and Australia as need for talent drives wages up
The research found that almost across all levels, the amount that businesses pay for digital talent is comparable across the two markets, which are both popular markets for APAC regional teams to be based.
The Drum 

Goods vehicle COE price up as dealers fight to clear stocks
PASSENGER car certificate of entitlement (COE) premiums slipped even as the goods vehicle premium continued its steady ascent.
The Business Times 

Parents left with ‘hassle’ of finding new preschools for their kids following closures
Parents of children registered at four preschools were met with a rude shock on Wednesday (Oct 4) when news broke that the schools will close from Oct 12.
Today Online 

PM Lee to visit Brunei for Sultan Bolkiah’s golden jubilee
Prime Minister Lee Hsien Loong kicks off a three-day working visit to Brunei from Thursday (Oct 5) to attend the golden jubilee celebration of Sultan Hassanal Bolkiah’s accession to the throne.
Today Online 

Unsustainable to increasingly buy land at higher prices, warns Redas chief
THE head of the developer’s body on Wednesday cautioned that the trend of land-hungry developers increasingly buying private residential sites at higher prices has “many significant associated risks”.
The Business Times 

Boosting security of buildings an ongoing exercise, industry professionals say
Facility management and security professionals are aware of the growing concerns over terrorism and have already been taking steps to enhance building security standards over the years. These include putting in place surveillance systems, keeping a record of visitors and conducting regular drills.
Today Online

Uber’s new wait-time fee ‘fair’, commuters say
They may have to fork out extra money for being late, but users of Uber’s ride-hailing service are largely unperturbed by the company’s new “wait-time” fee, which they felt is only fair to the drivers.
Today Online 

COE prices close mostly lower at end of latest bidding exercise
COE prices closed mostly lower at the end of the latest bidding exercise on Wednesday (Oct 4).
Today Online

Amber Park sold for S$906.7m in record freehold en bloc sale
Amber Park, a 200-unit freehold condominium in Katong, has been snapped up for S$906.7 million in Singapore’s largest freehold collective sale by dollar value, marketing agent JLL said on Wednesday (Oct 4).
Channel NewsAsia 

All remaining 7 ex-HUDCs have started en bloc process
As the collective sales market picks up, more former Housing and Urban Development Company (HUDC) estates are jumping on the bandwagon to go en bloc.
Channel NewsAsia

Singapore: AdAsia buys Japanese trading publisher FourM
Singapore-based AdAsia Holdings has acquired Japan’s publisher trading desk company FourM which will be integrated into its existing solutions to form AdAsia Digital Platform for publishers.
DealStreetAsia 

Man jailed for throwing cat down rubbish chute to its death
A 59-year-old man was jailed eight weeks on Wednesday (Oct 4) for throwing a stray cat that he found in his third-storey flat down the rubbish chute.
Channel NewsAsia 

 

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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