Singapore morning news for December 11

Singapore morning news for December 11

Singapore morning news

Maritime dispute: Singapore ‘disappointed’ at Malaysia’s position but welcomes de-escalation
Singapore is disappointed that Malaysia has refused to return to the status quo before it extended the Johor Bahru port limits but welcomed its neighbour’s pledge to de-escalate the situation on the ground, said the Ministry of Foreign Affairs (MFA) on Monday (Dec 10) in response to .
— Channel News Asia

Work to complete collapsed TPE-PIE viaduct to begin next year
Works to complete a road viaduct linking the Tampines Expressway (TPE) to the Pan-Island Expressway (PIE) – which collapsed last year, killing one worker – will begin in the first quarter of next year, the Land Transport Authority (LTA) said on Monday (Dec 10).
— The Straits Times

Appeal in scammer’s case leads to new sentencing structure
A Taiwanese man convicted over his role as a runner in a cash laundering scam was sentenced to 51/2 years in jail on appeal, in a case that produced a sentencing framework for such offences in future.
— Straits Times

Domestic workers must be given enough to eat when employers are away: MOM, NGOs
When her employers took off on a recent vacation, they left half a can of luncheon meat, some dumplings, eggs, noodles and onions for Paulene, a 28-year-old foreign domestic worker (FDW) from the Philippines.
— The Straits Times

Air New Zealand to operate Singapore-Christchurch service from December 2019
Air New Zealand will operate flights between Singapore and Christchurch from December 2019, following approval for the extension of its joint venture alliance with Singapore Airlines for five years to March 2024.
— The Straits Times

Malaysia’s Transport Ministry “prepared to release letters” regarding ILS, says Minister Anthony Loke
Singapore’s Transport Ministry (MOT) has been criticised by its Malaysian counterpart for its allegedly selective disclosure of information regarding the Instrument Landing System (ILS) operated to and from Seletar Airport.
— The Online Citizen

Over 170 cartons of duty-unpaid cigarettes found in tugboat, more than $20,000 in duty evaded
Officers from the Immigration and Checkpoints Authority and the Police Coast Guard found 174 cartons of duty-unpaid cigarettes in the fore ballast of a tugboat last Thursday night (Dec 6).
— The Straits Times

Ex-Foreign Affairs Minister George Yeo earned over $16 million in the private sector in FY2017
Ex-Foreign Affairs Minister George Yeo made a hefty USD $12,218,000 or over SGD $16 million in the 2017 financial year, according to Bloomberg.
— The Independent sg

Singapore private banks target Middle East, NRI clients
Singapore’s private banks are stepping up efforts to capture new clients in the Middle East market, which includes a significant non-resident Indian (NRI) segment.
— The Business Times

SingPost customers may soon receive SMS alerts half an hour before delivery
National postman Singapore Post may soon be able to send SMS alerts to customers half an hour before their courier arrives, thanks to a new artificial intelligence (AI)-enabled logistics platform.
— Channel News Asia

Banks embark on hiring spree in fight against dirty money
IT security professionals in the sector who are now earning around $75,000 to $180,000 a year could be able to command a hike of up to 30% in their pay amidst the heated demand for their pack.
— Singapore Business Review

Singapore’s GIC raises stake in Ayala-backed Philippine lender BPI
Singapore’s sovereign fund GIC has raised its stake in Bank of the Philippine Islands (BPI) to over five per cent, according to a disclosure to the Securities and Exchange Commission (SEC).
— Deal Street Asia (paywall)

ST Telemedia to build largest Singapore facility in Loyang costing $350 mil
ST Telemedia Global Data Centres (STT GDC) is beginning construction at the more than $350 million STT Loyang, their largest data centre facility in Singapore to date, and the group’s seventh facility locally.
— The Edge

Singtel’s Dash expands payment capabilities to international frontiers with Visa & Apple Pay
Singtel’s all-in-one mobile payments app, Dash, has expanded its payment capabilities to include international mobile payments via Apple Pay.
— The Edge

Telco, bank, consumer stocks among bargains in discount bin: analysts
WITH the Straits Times Index (STI) down 10 per cent year-to-date, following widespread selling in the second half of this year, market watchers note that value has emerged in selected stocks, particularly in the telecom, banking and consumer goods sectors.
— The Business Times

SG’s Centurion Corp hits first close of global student accommodation fund
Singapore-listed Centurion Corporation has hit the first close of its second student accommodation fund – Centurion Student Accommodation Fund – at S$70 million ($51.1 million), it said in a statement on Friday.
— Deal Street Asia

Firms set up LNG trading desks in Singapore to capture Asian growth
Several energy firms are setting up dedicated gas trading desks in Singapore as they try to capture the fast growing liquefied natural gas market (LNG) in Asia.
— The Edge

Faster patent for fintech firms in Singapore
Applying for a patent from the Intellectual Property Office of Singapore usually takes up to four years. But the agency is now hoping to speed things up with a new initiative which could shorten the waiting time to as little as six months.
— Channel News Asia (video)

Singapore shoppers 2nd in Asia-Pacific for buying foreign goods online: Study
Online shoppers in Singapore are second only to their counterparts from Hong Kong in the Asia-Pacific when it comes to making purchases from overseas, particularly from Chinese websites.
— Straits Times

SG-based AUM Biosciences raises $1.5m in seed funding to develop affordable oncology drugs
According to an official statement, AUM Biosciences will identify and license new drugs from phase 1 to proof of concept using biomarker-driven strategies and a digital medicine approach.
— Deal Street Asia

FairPrice offers ready-to-eat meals suitable for diabetics
NTUC Foodfare has launched a new line of affordable ready-to-eat meals called Chef’s Finest Low-GI that are suitable for people with diabetes.
— Straits Times

A*Star, Singapore firm develop system that turns food waste into odourless fertiliser in 24 hours
Entrepreneur David Tan set up a company to reduce and recycle waste in 2016, and imported 10 machines from Japan to convert food waste into fertiliser.
— Today Singapore

Singapore ranks fifth in total green office space certifications
Singapore came in fifth place across the six major gateway cities in Asia Pacific (APAC) analysed in terms of the largest volume of green office space with approximately 13 million sqft, according to a report by CBRE Research.
— Singapore Business Review

Cleaning firms tapping tech to lift productivity
Instead of brandishing a mop and bucket, cleaner Albert Tan’s only tool during a recent training stint was a pair of virtual reality (VR) goggles, which the 60-year-old donned to practise wiping down virtual toilet bowls.
— Straits Times

Revolutionary roots of Singapore’s Chinese newspaper cartoons
In the early 1900s, as the bid to overthrow more than 200 years of Qing rule in China gathered pace, the Chinese community in Singapore kept a keen eye on the revolutionary movement, channelling funds and setting up newspapers and political associations to drum up support for the cause.
— Straits Times

New cameras that capture average speed along Tanah Merah Coast Road to go live on Dec 17
A new speed camera system that calculates a vehicle’s average speed over a Feightstretch of road rather than at a single point will go live along Tanah Merah Coast Road from Dec 17.
— Channel News Asia

Festive cheer for kids in need at SPH’s Share-a-Gift party
While other children had asked for toys, sport shoes, skateboards and headphones from the Boys’ Brigade Share-a-Gift project this year, Muhammad Aiman Alfian, 10, asked for milk powder for his five-year-old sister.
— Straits Times

S’pore must be a ‘poisonous shrimp’ to survive in a world of ‘big fish’, LKY said in 1966
Something that Lee Kuan Yew said 52 years ago is reverberating again, if events in the past few days involving the neighbours up north is anything to go by.
— Mothership

Otterly fun way to get fuelled up for a marathon
As Sunday’s Standard Chartered Singapore Marathon was under way, several unusual guests joined in – a group of 16 otters.
— Straits Times

 

Feature photo Jentrified Citizen.

This week’s Singapore morning news feature photo acknowledges Human Rights Day, December 10.

 

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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With a decade of experience as an editor and journalist, Roy has edited mastheads across Australia and Southeast Asia, from the remote island communities of the Torres Strait to Cambodia’s only award-winning newspaper, The Phnom Penh Post.

A a professional photographer since the days of film, he holds a Bachelor of Arts in Photomedia and a Postgraduate Diploma in Journalism.

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