Singapore morning news for August 10

HRtech gains ground as Singaporeans embrace mobile in job hunting
Singaporeans are making good use of technology in looking for jobs with social media recruitment ads getting the most engagement (30%), according to a survey by ManpowerGroup.
— Singapore Business Review

Singtel profit falls 7% in June quarter
Singtel has reported a 7% decline in net profit for the first quarter of its financial year, mostly as a result of a reduced contribution from the group’s regional mobile associates.
— Telecomasia

Chart of the Day: Late-stage capital rounds snap 45.8% of fintech funding in H1
Later-stage deals have been accounting for a greater part of Singapore fintech funding in the past four years with capital injections worth more than $5m snapping up 43.2% of total fintech funding in 2017, according to Fintech Global.
— Singapore Business Review

Heady days: Use of drones to detect defects on HDB blocks takes flight
The small-scale, one-week pilot at the end of July saw the Housing and Development Board’s drone operator inspect four public housing blocks in Jurong East.
— Channel NewsAsia

Half year net office take-up hits seven year high at 879,000 sq ft
Strong leasing demand buoyed Singapore’s net office take-up to its highest level since 2011 after hitting 879,000 sqft in the first half of the year alone, according to real estate consultant Savills.
— Singapore Business Review

12,600 households to benefit from S$33m lift replacement programme
In a press release on Thursday (Aug 9), the town council said that it will be footing the S$33 million bill for the programme from its Lift Replacement Fund (LRP).
— Channel NewsAsia

Some Singapore businesses go cashless as more consumers embrace e-payment
The cash-free business, once an isolated phenomenon, has been picking up steam here, with a growing number of businesses taking a hardline approach and no longer accepting cash.
— The Straits Times

Celebrating a shared Singapore
Turning their heads to the sky, the 25,000 people at Singapore’s 53rd birthday bash raised their voices in unison, singing Majulah Singapura with jubilation as fireworks sent a familiar formation of five stars into the night.
— The New Paper

KBank joins with DBS Bank, Singapore in unveiling real-time money transfer service
Silawat Santivisat, KBank executive vice president, and Sandeep Lal, regional head, Digital Consumer Banking Group, DBS Bank of Singapore, recently launched a new real-time money transfer service from Singapore via KBank to various types of accounts at 21 banks in Thailand.
— The Nation

Singapore gets a new data centre
Singapore, a regional tech hub, has tech startups, innovators and companies blossoming in the tech-friendly environment.
— OpenGov

Jewellers Poh Heng, Lee Hwa and Soo Kee get new shine to draw in younger customers
But Singapore’s three biggest jewellery chains are looking to shed their old-school image and woo younger customers with new collections and tweaks to their mainstays.
— The Straits Times

Supply crunch to boost Grade A office rents by 10% in 2018
Around 800,00 sqft of Grade A office space is expected to be completed by 2018 from 2.25m sq ft last year.
— Singapore Business Review

Crowds cheer President Halimah’s first NDP
Months of training paid off in bringing the National Day Parade to life yesterday and the performers had another reason to cheer at the end of the show after President Halimah Yacob went over to mingle and take photos with them.
— The New Paper

Singaporeans on National Day: 57% say ministers should be paid much less
At a public dialogue with South East District residents last Thursday (2 August), Emeritus Senior Minister (ESM) Goh Chok Tong told the residents that if the ministerial pays are cut, Singapore will end up recruiting “very, very mediocre people” as officeholders.
— TOC

S’porean caught in 3rd Lombok quake
The Singaporean had just gone back to Lombok on Wednesday night to help with relief efforts when a third earthquake yesterday sparked panic again in the Indonesian island already hit by two devastating quakes on July 29 and Aug 5.
— The New Paper

Salaries ‘not starting point’ when Govt looks for ministers: Goh Chok Tong
Still, the former Prime Minister quipped: “Singaporeans know quality costs money — from durians to clothes to football players to military weapons.”
— TodayOnline

NATIONAL DAY SPECIAL 2018: Injecting new life into the women’s distance running scene
As Singapore marks its 53rd birthday this month, it is at a crossroads with a new batch of leaders at the highest level coming to the fore to steer the country forward.
— TodayOnline

Amir greets President of Singapore
Amir H H Sheikh Tamim bin Hamad Al Thani sent yesterday a cable of congratulations to the President of the Republic of Singapore, Halimah Yacob, on the occasion of her country’s National Day.
— The Peninsula

Political parties call upon citizens to move forward in “solidarity” in celebration of Singapore’s 53rd year of nationhood
Today marks the 53rd anniversary of Singapore’s status as a sovereign state since its separation from the Malaysian Federation on 9 August 1965, and three years since the Republic’s golden jubilee in 2015.
— TOC

Feature photo Michael Elleray

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 August 10 added by Maria Mirasol Rasonable on August 10, 2018
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Maria Mirasol Rasonable

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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.