Singapore morning news for December 14

Singapore morning news for December 14

Singapore morning news

Singapore asked to help facilitate on key issue at international climate talks
The presidency of UN climate talks being hosted by Poland has asked Singapore to play a lead role in resolving a key topic of contention among countries working to hammer out a deal to limit global warming.
— The Straits Times

China’s Zhoushan to go after Singapore marine hub’s top billing
China’s port city of Zhoushan is planning to challenge Singapore’s dominance of the multi-billion dollar shipping fuel industry, relying on proximity to some of the world’s biggest ports and Beijing’s support to give it an edge.
— Channel News Asia

Singapore has ‘alternative sources’ for eggs: AVA says after Malaysia warns may limit exports
Singapore has a “wide range of alternative sources” for eggs, in line with its food diversification strategy, the Agri-Food and Veterinary Authority (AVA) said on Thursday (Dec 13).
— Channel News Asia

Indonesia surpasses Singapore to conduct most IPOs in 2018
Indonesia has for the first time surpassed Singapore in terms of both volume and value of initial public offerings (IPOs) in Southeast Asia, according to a report by Duff & Phelps.
— Deal Street Asia

Maritime disputes best settled through negotiations: Singapore on filing UNCLOS declaration
Maritime boundary delimitation disputes are best settled through negotiations, said Singapore’s Ministry of Foreign Affairs (MFA) on Thursday (Dec 13) amid an ongoing maritime dispute with Malaysia.
— Channel News Asia

ICAP’s 26th annual global Charity Day raises USD 5.7 million
In ICAP’s Singapore office, Hong Kong actor Michael Tong Man Lung was joined by stars including ex-national footballer Aleksandar Duric, Singaporean actress and comedian Pamela Oei, Singaporean actress-host and former Nominated Member of Parliament Eunice Olsen, and Miss Singapore Universe 2002 Nuraliza Osman.
— AEC News Today / PR Newswire (media release)

MAS survey says SG unemployment rate unchanged at 2.1% but didn’t show “under-employment” rate
In a recent survey of professional economic forecasters published by the Monetary Authority of Singapore (MAS) this month, it was projected that the unemployment rate of Singapore to remain at 2.1% at year-end, unchanged from the previous forecast. The survey respondents also expect GDP growth to come in at 3.3% in 2018, up slightly from …
— The Online Citizen

The Digital Transformation of Infrastructure
Southeast Asia is one of the world’s fastest growing regions, and its cities are at the heart of this growth. Yet while urbanisation is fuelling progress, rapid expansion can strain a city’s infrastructure.
— Reuters

Top 20 best funded startups in Singapore
Having successfully diversified its economy, Singapore has become a regional and global hub for technology and startups.
— Asean Up

Top 25 tech stocks hit average returns of 5.7% in December
Venture’s total returns was recorded at -25.3% in December YTD.
— Singapore Business Review

Housing demand could still fuel 2019 growth in Singapore
The local housing market could still support Singapore’s growth in 2019, despite the curbs unveiled this year, bank analysts said this week.
— The Business Times

More job openings than job seekers for 3rd consecutive quarter despite improving labour market: MOM
Job vacancies continue to outnumber the number of job seekers even as Singapore’s labour market showed further signs of improvement in 3Q18, finds the latest quarterly employment study by the Ministry of Manpower (MOM).
— The Edge

Total employment growth more than doubled to 16,700 in Q3
Growth occurred mainly in the community, social & personal services and financial & insurance sectors.
— Singapore Business Review

SMEs seek flexibility in foreign labour policy for O&M sector
The large number of ships transiting through Singapore creates demand for ship repair, conversion and upgrading services here, offering industry players some buffer against cyclical shipbuilding activity.
— The Business Times

S’pore doing well in human capital: World Bank report
Singapore is generally doing well in investing in human capital and is well positioned to deal with the changing nature of work, experts and the World Bank said.
— Straits Times

Singapore’s economy has some buffers as growth slows
Singapore’s economic growth is almost certain to weaken next year but the slowdown could be cushioned by increased government spending ahead of an early general election and as production is diverted from China to Southeast Asian countries due to the trade war between Washington and Beijing.
— Nikkei Asian Review

These Singaporean companies are poised to become the next unicorns
Singapore is poised to produce the region’s next unicorn, according to PwC’s APEC CEO survey which found that 64% of Singapore CEOs felt that the Lion city’s economy was perfect for unicorns to breed and thrive thanks to its macroeconomic strength and stability, talent pool and pipeline which was higher than the 31% measured across APEC.
— Singapore Business Review

Former OCBC dealer allegedly made unauthorised trades, causing losses to bank
He allegedly made numerous unauthorised foreign exchange trades in the bank’s system, involving accounts belonging to its clients.
— Straits Times

Oei calls for EGM on Raffles Edu rights issue
Tycoon Oei Hong Leong wants Raffles Education Corporation to hold a shareholders’ meeting to vote on terminating the over-S$27 million rights issue meant primarily to repay loans owed to chairman and chief executive Chew Hua Seng.
— The Business Times

Yamaha hops aboard Grab’s motorbike services
Grab is attracting more global backers as the Asian ride-hailing service fights Uber Technologies, with a motorcycle maker becoming the latest investor.
— Straits Times

Singapore’s small merchants benefit most from mobile wallet use: NUS survey
Researchers find the introduction of DBS Bank’s PayLah! mobile wallet in April 2017 resulted in the doubling of the use of mobile payments.
— Channel News Asia

Alibaba-backed Lazada names new CEO for second time in 2018
Southeast Asia-based e-commerce startup Lazada Group has appointed its executive president Pierre Poignant as its group CEO with immediate effect, it said in a statement on Thursday.
— Deal Street Asia

IMC Advisory Announces the Opening of its Singapore Office
IMC, a leading cross-border advisory firm, has recently announced its presence in Singapore, the global business hub, with a new branch at Raffles Place in Singapore
— Business Standard

Singaporeans apparently more satisfied with telecommunication services, including [email protected]
The results for the latest edition of the Consumer Awareness and Satisfaction Survey (CASS) are in. Findings show that there has been an overall increase in the satisfaction of consumers with regards to Singapore’s key telecommunication services.
— The Independent sg

Taking a look at stocks with attractive dividend yields
n a recent report, KGI Securities highlighted some dividend-yielding stocks in a one-page report titled “High Dividend Watchlist”. According to the broker, these stocks offer higher growth compared with real estate investment trusts (REITs), but are more volatile.
— The Edge

3 Investing Lessons I Learnt in 2018
My stock market reflections for the year.
— Motley Fool sg

British Council East Asia IELTS Prize valued at SGD129,000 opens for applications
Three Local Prizes amounting to SGD25,550 will be awarded to students from Singapore with Regional Prizes for regional winners in the East Asia region[1] totalling SGD102,660.
— AEC News Today / PR Newswire (media release)

1 in 5 professionals expect a 10% salary increase in 2019: survey
Singapore professionals rated their salary satisfaction at 5.9 on a scale of 1-10.
— Singapore Business Review

Indonesia, Singapore, Burma among world’s ‘most generous’ countries
A new survey found that Indonesia, Singapore and Burma (Myanmar) are placed among the top 10 most generous countries in the world based on their likeliness to donate money or volunteer for a humane cause.

Smart mat watches out for the elderly
A smart floormat to help healthcare professionals or caregivers monitor the elderly, especially those who live alone, could be on the market by early next year.
— Straits Times

Addicted to caffeine? Three coffee hacks that are financially and environmentally friendly
by ValueChampion Coffee is one of the most consumed beverages among adults. But, are you spending too much on your Starbucks visits? Here are 3 money tips that can help you save money on coffee while also saving the environment. Coffee (or just caffeine) is one of the biggest sources of modern day addictions. In fact, …
— The Online Citizen

S$15 birthday ‘cakeage’ fee at Peperoni’s outlet sparks debate after food blogger’s post
Should restaurant diners have to pay extra if they bring in their own cake? The issue has sparked a debate online, after food blogger Dr Leslie Tay – who posts at – wrote on Facebook about a recent dining incident.
— Channel News Asia

Geminid meteor shower on Thursday and Friday but inclement weather could hamper stargazers’ luck
Astronomy lovers in Singapore, you’re in luck! The annual Geminid meteor shower peaks on Thursday and Friday (Dec 13-14), and you could potentially see the phenomena from several vantage points on the island.
— Today Singapore

Clementi resident asked to scale down Christmas decorations and shift them to safer place
A resident at Block 351 Clementi Avenue 2 was advised by Jurong-Clementi Town Council to scale down and shift the Christmas decorations placed on a ledge outside their unit to a safer place.
— Stomp (StraitsTimes)



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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