Singapore morning news for August 27

Does Singapore have the right environment for ride-hailing services? | Video
Ride-hailing services have transformed the way people commute, but with some of them having exited as quickly as they had entered, Elizabeth Neo finds out if Singapore has the right environment for these disruptors to succeed.
— Channel NewsAsia

Singapore’s manufacturing output slows for second month in July
Manufacturing output slowed for a second consecutive month in July, dragged down by a decline in five out of six clusters, according to preliminary figures released by the Economic Development Board (EDB) on Friday (Aug 24).
— Channel NewsAsia

Lazada partners Finaxar to offer financing for its merchants
In partnership with Singapore fintech startup Finaxar, Lazada launched this latest service on Friday (Aug 24) to its online sellers in Singapore.
— Channel NewsAsia

Emerging market fund managers hunt for bargains after Turkey contagion
Robert Samson, a Singapore-based senior multi-asset portfolio manager at Nikko Asset Management, sees Asian stocks supported by strong earnings and structurally sound growth and has added the asset class to Nikko’s overweight positions.
— Reuters

ITE student out to prove cynics wrong at regional competition
Now, she will compete with the best in the region, representing Singapore at the upcoming WorldSkills Asean 2018 competition in Thailand. The regional competition will be held in Bangkok from Aug 31 to Sept 2.
— The New Paper

New mobile app helps eczema sufferers track their itch
An eczema sufferer for the last 38 years, Madam Zaleha Abdul Kader used to get stressed and easily frustrated.
— TodayOnline

Lower PMD speeds on footpaths ‘good’ but onus should still be on users
While lowering the speed limit of bicycles and personal mobility devices (PMDs) on footpaths could go some way towards reducing the number of accidents on footpaths, experts say the proposal has limitations on improving pedestrian safety.
— The New Paper

CNB arrests 7, seizes drugs worth more than S$250,000
A variety of drugs with a street value of more than S$250,000 were seized in an operation by the Central Narcotics Bureau (CNB) on Friday morning (Aug 24).
— Channel NewsAsia

Retail investors urged to look beyond Singapore
The value of Singapore’s stock market is double Thailand’s but the inverse is true for its daily trading volume.
— The New Paper

Ho Bee Land secures Singapore’s first green loan
“The deal is good news for Singapore’s green financing credentials as it sets the template for other corporates seeking similar green transactions in the future,” HSBC Singapore head of commercial banking Alan Turner said.
— Singapore Business Review

Oxley Holdings full-year profits jumped 31% to $285.03m
Revenue fell mainly due to lower completion and handover of development projects in Singapore.
— Singapore Business Review

PM Lee’s declarations of commitment to the intangible values of multiculturalism and intolerance towards corruption do not stack up with reality
Prime Minister Lee Hsien Loong (PM Lee) has said that the government is committed to multiculturalism, intolerance towards corruption, and acceptance of National Service (NS) because these are a”common and necessary sacrifice”.
— TOC

CNA Lifestyle Experiences: Hang out with Formula 1 racecar driver Sebastian Vettel in person – and bring a friend
CNA Lifestyle Facebook followers have a chance to meet the four-time champ when the Singapore Grand Prix rolls into town, and maybe even go head to head in a special challenge.
— Channel NewsAsia

Comparison websites may help you save money on insurance or loans
Tripzilla, for example, bills itself as a one-stop travel portal that provides information about tour packages and budget flights from major travel suppliers in Singapore.
— TodayOnline

Atlas Bar, COO Boutique Hostel on TIME’s World’s Greatest Places 2018 list
Two Singapore establishments have been featured in TIME Magazine’s first annual World’s Greatest Places list.
— Channel NewsAsia

How Singapore’s urban planning agency uses data in designHow Singapore’s urban planning agency uses data in design
In Singapore, which has an extensive public transport system, rush hour isn’t just on the streets: bustling metro stations and bus interchanges are a common sight in the mornings.
— GovInsider

Six months’ paternity leave in Singapore? Not all are convinced
Unlike the vast majority of fathers in Singapore, Briton Jim Butcher, 44, had six months parental leave on full pay when his youngest child Lucy was born.
— The Straits Times

Noble Group’s fate hangs on investors’ restructuring vote
Singapore-listed Noble Group Ltd faces a make-or-break shareholders’ meeting tomorrow as investors vote on a $3.5bn debt restructuring plan that its creditors and board say is vital to prevent insolvency.
— Gulf Times

Punggol: Life by the water
It wouldn’t take much to sum up Punggol back in the early 1900s – poultry, pig-rearing, fishing and fresh produce plus the rubber plantations.
— The Straits Times

Putting citizen engagement on the map – literally
The public expects a level of engagement from government that is easy-to-understand, connected and accessible; location intelligence can help bring clarity.
— GovInsider

Singapore’s hawker culture move starts food fight with Malaysia
Singapore’s bid to seek Unesco recognition for its hawker culture has got a bunch of Malaysian chefs banging their pans as they protest against the move.
— The Straits Times

Fighting to survive: Noble Group’s fate hangs on investors restructuring vote | Video
Singapore-listed Noble Group faces a make-or-break shareholders’ meeting on Monday (Aug 27) as investors vote on a US$3.5 billion debt restructuring plan that its creditors and board say is vital to prevent insolvency.
— Channel NewsAsia

Over $960,000 raised for TODAY Enable Fund and iC2 PrepHouse
More than S$960,000 was raised for the TODAY Enable Fund and local charity iC2 PrepHouse at The Enabling Fund Gala Dinner held at the Grand Hyatt Singapore hotel on Friday (Aug 24).
— TodayOnline

Sea-facing flats at new waterfront Punggol district to go on sale in August BTO exercise
More than 2,000 flats located close to the sea, near the main entrance of Coney Island in Punggol, will go on sale in the next Build-To-Order (BTO) exercise later this month.
— TodayOnline

HOOQ to focus on American TV shows & Hollywood movies
The company, a joint venture of Singtel, Sony Pictures Television and Warner Bros, made a foray into the Indian market in 2015. It operates in Indonesia, the Philippines, Thailand and Singapore apart from India.
— ET Tech

Some Singtel customers unable to make 4G voice calls for almost 2 hours on Friday morning
Some Singtel customers were unable to make or receive calls on Friday (Aug 24) morning, with the nearly two-hour disruption resolved around 10.15am.
— TodayOnline

Singapore is improving G2B Services
For businesses or private entities in Singapore to transact with online government services, a digital identity is bestowed upon them.
— OpenGov

MAXIMUS (NYSE:MMS) Releases FY18 Earnings Guidance
MAXIMUS, Inc provides business process services (BPS) to government health and human services programs in the United States, the United Kingdom, Australia, Canada, Singapore, and Saudi Arabia.
— Marea Informative

Shelved Aramco IPO hits at heart of Saudi prince’s reforms
“The problem is: the more it gets delayed and the more there’s not clarity on why it’s getting delayed and what the issues are, the more it undermines confidence,” said James Dorsey, a senior fellow at Singapore’s S. Rajaratnam School of International Studies.
— The Daily Star

Number of Chas cardholders has grown fives times since 2012
The number of Community Health Assist Scheme (Chas) card holders has grown by five times since 2012 to about 1.3 million Singaporeans.
— The New Paper

HDB to launch 2,112 flats in Punggol waterfront precinct
More than 2,000 flats located at a waterfront housing precinct in Punggol will be launched this month, the Housing and Development Board (HDB) announced on Sunday (Aug 26).
— Channel News Asia

ESM Goh urges Chinese, S’pore firms to cooperate in tech drive
There is vast potential for tech companies from Singapore and the Chinese city of Chongqing to cooperate, as they can leverage each other’s strengths and open up new opportunities, Emeritus Senior Minister Goh Chok Tong said yesterday.
— The New Paper

Asian Games: Singapore’s Constance Lien wins silver in jujitsu
Singapore jujitsu exponent Constance Lien has made history by winning Singapore’s first-ever medal for the sport at the Asian Games.
— Channel NewsAsia

Tackling the HDB 99-year lease issue: Are HIP and Vers the answers?
To address anxiety over expiring 99-year leases, the Government has announced measures such as the expanded Home Improvement Programme and the new Voluntary Early Redevelopment Scheme
— The Straits Times

Seagate Technology (STX) Rating Lowered to Sell at Goldman Sachs Group
Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally.
— FairFieldCurrent

Are accelerators still struggling to find their place in Singapore’s startup ecosystem?
Accelerator programmes have steadily become a mainstay in Singapore’s thriving startup ecosystem.
— Singapore Business Review

Fancy mooncakes galore with fun local flavours and low-sugar options
Mooncakes made with less sugar as well as those inspired by local flavours are taking centre stage for this year’s Mid-Autumn Festival, which falls on Sept 24.
— The Straits Times

TODAY’s morning brief for Monday, Aug 27
Participants taking part in the Families for Life 800m Challenge category at this year’s Safra Singapore Bay Run and Army Half Marathon 2018 on Sunday (Aug 26).
— TodayOnline

Ice cream puppies, anyone?
Singapore’s hawker culture will be nominated for inscription into Unesco’s Representative List of the Intangible Cultural Heritage of Humanity.
— The Straits Times

New report on caring for seniors at home
Sharing the responsibility of caregiving between the primary caregiver and family, and establishing new aspects of relationships – such as taking turns to run errands for the elderly – were suggestions presented in a new report Good Care At Home, produced by the National University of Singapore Yong Loo Lin School of Medicine’s Centre for Biomedical Ethics.
— The New Paper

Feature photo Suanpa

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 27 added by Maria Mirasol Rasonable on August 27, 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.