Singapore morning news for December 13

Singapore morning news for December 13

Singapore morning news

Singapore vulnerable to rising sea level, severe floods: Masagos
Small island developing states such as Singapore are at risk of dire consequences if current warming trends continue, said Ministry for the Environment and Water Resources Masagos Zulkifli.
— Channel News Asia

Singapore dominated dealmaking in Southeast Asia this year: Duff & Phelps
Singapore maintained its position as Southeast Asia’s leading deal hub this year as it oversaw 857 transactions spanning merger and acquisitions (M&A), private equity/venture capital and IPOs worth $106.2 billion.
— Deal Street Asia

Editor of The Online Citizen, author of article to be charged with criminal defamation
The editor of socio-political website The Online Citizen and the writer of one of its published articles will be charged on Thursday (Dec 13) for criminal defamation, the police said on Wednesday.
— Channel News Asia

CLTPA: A permanent “temporary” law
Can the Criminal Law Temporary Provisions Act (CLTPA) be considered temporary after 60 years? This law that was debated in parliament and enacted in 1955 is a misnomer by its very name itself and Singaporeans are being fooled once again.
— The Online Citizen

Why authorities’ actions are necessary: Amrin
The lack of verification of an author’s identity by socio-political website The Online Citizen (TOC) and its subsequent publication of an article by that writer which alleged corruption by top government officials have troubling implications, said Senior Parliamentary Secretary for Home Affairs Amrin Amin yesterday.
— Straits Times

“Seletar Airport is yours, but Pasir Gudang, Johor, Malaysia is ours”
Hi Singapore, Seletar Airport is yours, but Pasir Gudang, Johor, Malaysia is ours. So please hear us out. This was the friendly reminder given by Malaysia’s Transport Minister Anthony Loke on Tuesday (11 Dec), which accompanied a video that was posted on his official Facebook page.
— The Online Citizen

Four supermarket chains launch campaign to reduce plastic bag use
Four major supermarket chains here have teamed up with the Singapore Environment Council (SEC) and DBS Bank to launch a campaign to reduce plastic bag usage in Singapore.
— Straits Times

Khaw Boon Wan welcomes Malaysia’s move to de-escalate tensions as 2 ships leave Singapore waters, urges complete withdrawal
Malaysia has taken steps to de-escalate tensions arising from its ongoing maritime dispute with Singapore, and has withdrawn a couple of its vessels from the Republic’s territorial waters.
— The Straits Times

Syndicate that used stolen credit cards to make fraudulent online purchases here worth $100k busted
A transnational syndicate, believed to responsible for using stolen credit cards to make fraudulent online purchases amounting to about $100,000 here, has been busted by authorities in Singapore and Indonesia.
— The Straits Times

Photonics lights the way for Singapore’s Smart Nation
Singapore today leads the world when it comes to powering a world-class smart nation, ranking alongside top cities such as London and Dubai, and even bypassing tech-savvy capitals like New York, Paris and Beijing.
— The Business Times

Firefly may not be able to return to Changi
Malaysian carrier Firefly may not be able to return to operating flights from Changi Airport.
— Straits Times

E-scooter registration to begin on Jan 2, 2019
E-scooter owners, who can start registering their devices from Jan 2, 2019, are reminded that they must do so by the end of June.
— Straits Times

Trade protectionism the biggest threat to Singapore’s economy: MAS survey
Trade protectionism is cited as the top risk among local economists, as suggested by the latest findings of the Monetary Authority of Singapore’s (MAS) Dec 2018 survey of professional forecasters, which reflect the views of 23 economists and analysts who closely monitor the Singapore economy.
— The Edge

Singapore’s 2018 growth forecast upgraded to 3.3%: MAS survey
Singapore’s economic growth this year is expected to come in at 3.3 per cent, according to private-sector economists polled in a quarterly survey by the Monetary Authority of Singapore (MAS) released on Wednesday (Dec 12).
— Channel News Asia

Neste investing S$2.2 billion to boost biofuel production in Singapore
Finnish biofuel producer and oil refiner Neste plans to invest 1.4 billion euros (S$2.2 billion) to boost its biofuel production capacity in Singapore.
— Yahoo News

Singapore energy-saving firm wins $33 million KKR investment
KR & Co. is buying a stake of as much as S$45 million ($33 million) in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally.
— Bloomberg

Khaw Boon Wan welcomes Malaysia’s move to de-escalate tensions as 2 ships leave Singapore waters, urges complete withdrawal
Malaysia has taken steps to de-escalate tensions arising from its ongoing maritime dispute with Singapore, and has withdrawn a couple of its vessels from the Republic’s territorial waters.
— The Straits Times

Singapore’s Mapletree to invest in logistics assets in India
In its second innings in India, Singapore-based real estate asset manager Mapletree Investment Pte. Ltd is gearing up to invest in the logistics space, apart from core office assets, said three people familiar with the plans.
— Deal Street Asia

Noble Group taps Bermuda court to keep survival plan afloat
Noble Group said on Tuesday it will push on with its $3.5 billion debt restructuring by keeping the new company private, a last-minute effort to avoid seeking insolvency protection for its businesses.
— Deal Street Asia

Singapore’s Great Eastern to acquire Indonesian insurance firm for $28m
Singapore-headquartered insurance giant Great Eastern Holdings is acquiring Indonesian insurance firm QBE General Insurance Indonesia (QBE Indonesia) for $28 million, it said in a statement on Tuesday.
— Deal Street Asia

Key opportunities in Asia-Pacific region for insurance industry: EY
Insurers across Asia-Pacific are widely experimenting on ways to capitalise on near-term opportunities and drive long-term growth for the industry, according to the EY insurance outlook 2019.
— The Edge

The year ahead for Singapore according to Hays
Hays have published their top ten talent trends for 2019 in Singapore. They say Singapore’s superlative position as a digital nation is shaping both demand and supply sides of the employment landscape.
— The Global Recruiter

The good news: Singapore consumer confidence hits 3-year high. The bad news: Consumers are still pessimistic
Consumer confidence in Singapore rose in the third quarter to its highest level since entering pessimistic territory three years ago, according to the latest Singapore Consumer Confidence Index out on Wednesday (Dec 12).
— Straits Times

Singapore: TNB Aura hits final close for $22.7m SEA venture fund
Singapore-based venture capital firm TNB Aura has secured the final close of its first $22.7 million (S$31.1 million) venture fund targeting Southeast Asia.
— Deal Street Asia

Temasek-backed Pierfront Capital extends $23m to Australia’s Minumbra
Temasek-backed Pierfront Capital Mezzanine Fund has extended financing facility of $23 million (AUD32 million) in Australia-based Minumbra Pty Ltd, which is into design, construction and operation of villages for mining companies.
— Deal Street Asia

Singapore YTD bond issuance hits record high at US$34.3b
Mega-deals from the financial services sector including DBS and UOB raised US$23.9b.
— Singapore Business Review

Singapore’s ICT Fund confirms plans to launch $100m second vehicle in 2019
Singapore-based venture capital firm ICT Fund is launching its $100-million second vehicle in 2019. ICT Fund II will issue average check sizes of $10 million and invest in 12-14 enterprise technology firms across Southeast Asia.
— Deal Street Asia

Shell appoints new Singapore chairman
Aw Kah Peng will become chairman of Shell Companies in Singapore from Jan 1 as Goh Swee Chen retires at the end of January after 15 years with the company.
— The Business Times (paywall)

Singapore’s super-posh homes are world’s 2nd most expensive
In Singapore, 12 residential properties costing over US$25 million (S$34.33 million) have been transacted in the year to August 2018, according to Knight Frank’s inaugural Global Ultra-Prime Market report.
— Yahoo News

46 cases of fallen windows this year, second highest since 2012
There were 46 cases of fallen windows in the first 11 months of 2018, according to the latest statistics released by the Building and Construction Authority (BCA) and the Housing Development Board (HDB) on Wednesday (Dec 12).
— Channel News Asia

Fintech workers helping to prop up private rental market
More hiring in the fast-growing fintech services sector has been holding up the rents for condominiums and private apartments.
— Straits Times

NUH offers safer prostate cancer check, first S-E Asian hospital to offer a low-risk biopsy done using local anaesthesia
A Singapore hospital is pioneering what it says is a safer method of detecting prostate cancer.
— Straits Times

John Mayer announces Asia tour – Singapore, Jakarta, and more confirmed
The world-renowned musician took to social media on Wednesday morning (12 December) to announce a series of shows in Australia and Asia set to take place between March and April.
— Bandwagon

 

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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