Singapore morning news for August 1

Singapore morning news for August 1

Singapore morning newsSingapore’s M1 lifts Q2 profit by 1.5%
Singapore’s M1 has reported a 1.5% year-on-year increase in net profit for the second quarter as a result of solid service revenue growth.
— Telecomasia

Is the worst over for embattled Singapore retail REITs?
The looming supply of new retail space to be installed in the next four years in Eastern Singapore is expected to pose a larger threat to the performance of the city’s struggling real estate investment trusts (S-REITS) than the spectre of online shopping giants, according to Moody’s Investors Service.
— Singapore Business Review

Singaporean flavours pioneer celebrates 50 years with new $20m manufacturing facility
Singaporean flavours and fragrance firm KH Roberts (KHR) has marked its 50th anniversary with the launch of a new $20m, 100,000 sq. ft. manufacturing facility.
— FoodNavigator-Asia

More e-cabs to hit roads as HDT becomes seventh taxi operator
An all-electric taxi company will officially become Singapore’s seventh taxi operator from today – and the first new entrant in the sector since Prime in 2007.
— The New Paper

Business optimism index in services sector inches up to 9%
More firms engaged in the services sector have become more positive as +9% of them believe that business will be more favourable for H2 2018 from +8% in H1, the Department of Statistics Singapore (SingStat) revealed.
— Singapore Business Review

N.Korea should uphold nuclear promise: US
The department left open the possibility that US Secretary of State Mike Pompeo could meet North Korean officials during meetings of the Association of Southeast Asian Nations in Singapore this weekend.
— The Australian

Singaporean crowned champion at high stakes poker game in Jeju winning S$3.9 million
Singaporean Kenneth Kee played his way to US$2.86 million (S$3.9 million) at the Triton Hold’em Event at Jeju South Korea.
— TOC

Noisy travellers a real pain
The prominent online travel agency headquartered in Singapore made the observations in its annual annoying travel habits survey, released Tuesday.
— TTRWeekly

Ascendas India Trust buys 2 buildings in Indian tech hub for $277.5m
Ascendas India Trust (a-iTrust) will acquire two buildings in HITEC City, Hyderabad from construction firm Phoenix Ventures, an announcement revealed. Both buildings have a combined leasable area of about 1.85 million sq ft.
— Singapore Business Review

Hady Mirza’s arrest kept from friends and relatives
They were shocked to read about the 2006 Singapore Idol winner’s trouble with the law when The New Paper broke the news yesterday.
— The New Paper

Singapore shoppers take 820 million plastic bags from supermarkets each year: Study
Shoppers in Singapore take 820 million plastic bags from supermarkets each year – an average of 146 plastic bags for each person, a study commissioned by the Singapore Environment Council (SEC) has found.
ChannelNewsAsia

Singapore’s plastic use high, recycling effort poor: Survey
Singapore uses at least 1.76 billion plastic items a year, or almost one item per person per day. But fewer than 20 per cent of these are recycled, according to the Singapore Environment Council (SEC).
— The New Paper

Johor ruler seeking treatment in Singapore visits Malaysia Home Minister Muhyiddin Yassin in hospital
Johor ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar, who was in Singapore seeking medical treatment, took the opportunity to visit Home Minister Muhyiddin Yassin, who is recuperating from surgery at a private specialist hospital there.
— The Straits Times

Tearful reunion as NUS students return from Lombok
Her daughter, Ms Insyirah Nur Azmi, 20, was among the 20 students from the National University of Singapore (NUS) Muslim Society caught in the 6.4-magnitude earthquake that struck Indonesia’s Lombok island at 6.47am on Sunday.
— The New Paper

Singapore has been clear and consistent that Malaysia lost its right to review water price in 1987: MFA
Singapore has been clear and consistent in its position that Malaysia lost its right to review the price of water under the 1962 Water Agreement in 1987, Singapore’s Ministry of Foreign Affairs (MFA) said on Tuesday (July 31).
— The Straits Times

HDT Singapore Taxi granted taxi service operator licence to operate at least 800 e-taxis: LTA
The Land Transport Authority (LTA) announced on Tuesday (July 31) that it has granted a full-fledged taxi service operator licence to HDT Singapore Taxi (HDTT).
— AsiaOne

Wedding services company uncontactable after collecting S$108,000 from clients
Two months before her wedding day on Aug 5 last year, Ms Erli Elfira found out that the company she had engaged to book the venue had not done so.
— TodayOnline

Training facilitator jailed 7 weeks for role in SkillsFuture Credit scam
A freelance training facilitator who falsified course attendance records as part of a scam to claim money from the SkillsFuture Credit (SFC) scheme was sentenced to seven weeks’ jail on Tuesday (31 July).
— YahooNews

Israel navy intercepts activist boat trying to break Gaza blockade; 2 Singaporeans among those on board
An activist group affiliated with the boat named al-Awda (The Return), said 22 people – including two Singaporeans – and a cargo of medical supplies were on board.
— AsiaOne

EU mergers and takeovers (July 31)
Singapore’s Sheares Healthcare to acquire joint control of Singapore peer Asia Healthcare Holdings Pte Ltd which is currently solely controlled by U.S. private investment firm TPG Growth III SF Pte Ltd (notified July 27/deadline Sept. 3/simplified)
— Reuters

ofo ‘fully committed’ to Singapore despite exiting various markets overseas
Even as ofo pulls out of markets including Australia and Israel, and plans to shut down much of its operations in the United States, the bicycle-sharing giant said it is here to stay in Singapore.
— TodayOnline

4 arrested for suspected use of counterfeit $100 notes
The Singapore Police Force (SPF) said it had received several reports between 22 and 29 July regarding such notes being presented for payments at coffee shops and convenience stores in the Woodlands and Hougang housing estates.
— YahooNews

Erdogan spokesman says Turkey would retaliate against U.S. sanctions
Spokesman Ibrahim Kalin also said the foreign ministers of the two countries, who are attending a meeting in Singapore, will hold talks this week.
— Reuters

Singapore-born Sashi Cheliah through to MasterChef Australia grand final
Prison officer Sashi Cheliah, who was born in Singapore, has made it to the grand final of reality TV show MasterChef Australia.
— AsiaOne

Laos dam collapse: Singapore firms donate portable water systems to shelters
It was not his first assignment to provide relief aid, but Singaporean Chris Lim was shaken when he arrived in southern Laos and saw the flood-hit areas damaged by a dam collapse.
— TodayOnline

Gritty student overcomes challenges to graduate from NTU
He heard his mother crying over the phone, telling him that she had lost the case, that his father had won custody of his sister, and that he and his mother were homeless as his father was also awarded ownership of the family home.
— The New Paper

U.S. says it expects North Korea to uphold promise to give up nuclear arms
The department left open the possibility that Secretary of State Mike Pompeo could meet North Korean officials during meetings of the Association of Southeast Asian Nations (ASEAN) bloc in Singapore this weekend.
— Reuters

Singaporeans’ travel irritants revealed
With the summer holiday season in full swing, Agoda, one of the fastest growing online travel agents (OTA), has been asking travellers what they think are the most annoying travel habits.
— AEC News Today/ PR Newswire (media release)

Annual supermarket plastic bag usage can fill 126 Gardens by the Bay: study
This startling statistic plus other data from an inaugural study released on Tuesday (31 July) by the Singapore Environment Council (SEC) underscored Singapore’s voracious appetite for consumer plastic items and its low recycling level.
— YahooNews

Singapore witnessed its largest blockchain conference ever, through Trescon’s World Blockchain Summit
On 19th and 20th July, World Blockchain Summit just concluded its 4th glorious conference for the year, with the Singapore edition exceeding all expectations. Hosted by global business consulting and events firm Trescon, the summit took place at the luxurious Marina Bay Sands Hotel in Singapore City.
— AEC News Today/ PR Newswire (media release)

 

Feature photo xiquinhosilva

 

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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Maria Mirasol Rasonable graduated with a Bachelors Degree in journalism from Polytechnic University of the Philippines, Santa Mesa, Manila, Philippines.

She previously covered police rounds for Philippine Daily Inquirer as a trainee before becoming editorial staff at Gospel Komiks under the Communication Foundation for Asia (CFA-MG), Santa Mesa, Manila where she wrote lifestyle and trending fashion and styles articles.

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