Singapore morning news for December 20

Singapore morning news for December 20

Singapore morning news

Singapore central bank bans former Goldman Sachs director Tim Leissner for life
The Monetary Authority of Singapore (MAS) announced on Wednesday (Dec 19) that it has issued a lifetime prohibition order against former Goldman Sachs banker Tim Leissner, after he admitted to criminal charges brought against him by the United States Department of Justice (DOJ).The …
— Channel News Asia

AVA: S’pore well prepared for Malaysian seafood export curbs
The fishing industry and the authorities have played down fears of seafood shortages, saying Singapore is well-prepared for Malaysia’s temporary restrictions on exports of certain varieties of wild-caught fish and shrimp.
— Straits Times

For Asean, sustainability is key to unlocking development potential
THE recent Asean Summit held in Singapore saw robust discussions on issues of sustainable regional growth. Access to reliable, affordable infrastructure is key for countries to create jobs and grow sustainably.
— The Business Times

Eggs on the face situation, Malaysia and its egg crisis
Recent events are showing some changes will occur on the trade agreements between Malaysia and Singapore. Only a few days ago, Malaysia has declared that it will cease the export of 4 types of fish for the first two months of 2019. What precedented that news is that Malaysia’s poultry industry will also be limiting […]
— The Independent sg

A year of numbing down public dissent
As the year draws swiftly and steadily to a close, I thought it would be useful to provide a summary of the events of the year in relation to how public speech appears to have been clamped down. This was the year that saw the by now infamous Select Committee on Fake News. At the …
— The Online Citizen

Institutional investors expect financial crisis within 5 years: Poll
A majority of institutional investors are expecting a market crisis to hit in the next one to five years, and most are worried about the systemic risk posed by passive investments, according to a poll by Natixis Investment Managers.
— Straits Times

SPH shares at an all-time low in five years
According to online reports, the shares of Singapore Press Holdings Limited is now at one of the lowest points it has been in the past five years. Valued at SGD 2.40 as of today, it has taken a huge dip, as compared to SGD 2.61 a year ago. Many netizens have taken to weigh in.
— The Independent sg

Asian shares edge higher with Fed meeting in focus
Asian markets rose Monday on hopes that the Federal Reserve would re-evaluate its hawkish stance at a meeting later this week, following signs of slower global growth.
— Brinkwire

Singapore dollar hits 13-month high against Malaysian ringgit
The Singapore dollar continued its ascent against the Malaysian currency to reach a 13-month high against the ringgit on Wednesday (Dec 19).
— Channel News Asia

Asean investors warm up to green bonds
Just a few years ago, when Mr Clifford Lee, head of fixed income at DBS Bank, sounded out potential clients about their appetite for green bonds – debt sold specifically for sustainable purposes such as building a wind farm – conversations were short and tended to end with no.
— Straits Times

Thailand, Singapore are getting more expensive for expats
Thailand and Singapore were among the biggest risers in a recent survey of most expensive locations in the world for expatriates.

Netizens agree that shortage of manpower at customs is causing horrendous traffic along the Causeway
Last month, the Immigration and Checkpoints Authority (ICA) said that travellers heading towards Woodlands and Tuas checkpoints can anticipate heavy traffic and delays, especially on weekends, until the end of the year due to the holiday season. But, ICA managed to curb the issue and posted on their Facebook page on 16th Dec saying that …
— The Online Citizen

New index ranks S’pore 4th in the world for human development, after Hong Kong, Japan & Iceland
Money is considered important — as long as it increases life length.
— Mothership

Noble Group restructuring to take effect a day later on Dec 20
The effective date for Noble Group’s restructuring is now expected to take place on Dec 20, instead of the slated Dec 19, the company said in a regulatory filing on Wednesday (Dec 19).
— Straits Times

Deutsche Bank sees exodus of 30% of workforce in Singapore and Hong Kong
This translates to almost 50 investment bankers leaving in the past six months.
— Singapore Business Review

Gay parents seeking to adopt their kids may find it harder to prove they did not intend to violate policy against same-sex families: Desmond Lee
Gay parents hoping to adopt their biological children may find it harder to argue in court that they are not intentionally going against Singapore’s stance against same-sex family units.
— The Straits Times

Huan Hsin gets delisting notice, must make exit offer; company to file appeal
The Singapore Exchange (SGX) has ordered electronics contract manufacturer Huan Hsin Holdings to delist because of its failure to meet mainboard requirements on profitability and market capitalisation.
— Straits Times

Shell takes 49 per cent stake in S’pore solar energy developer
Royal Dutch Shell has taken a 49 per cent stake in Cleantech Solar, a Singapore-based developer of solar energy systems, with the possibility to increase its position after 2021.
— The Business Times

Grab users face problem with ride-hailing platform’s mobile app on Wednesday morning
A check on Grab’s Malaysia, Philippines, Indonesia and Thailand Twitter accounts showed that users in those countries also experienced issues with the app at around the same time.
— Straits Times

Singapore hotels get ‘Crazy Rich Asians’ boost
After Singapore’s residential and office markets made comebacks, the next property sector to bet on might just be its hotels.
— Straits Times

Singapore’s rental market weakens as expat demand dwindles
The number of Singapore non-residents dropped 0.1% to 1.64 million in June as global economic views sour.
— Singapore Business Review

IMDA partners with Aviva Singapore to provide cloud computing training
Around 60 fresh and mid-level ICT professionals will be trained over the next three years.
— Singapore Business Review

Tax reliefs for insurance policies and new mothers may benefit Singapore’s economy
Deductions could be subject to a cap which could be scaled according to age.
— Singapore Business Review

NEA takes action against illegal hawkers in Paya Lebar
Warning that it will not tolerate illegal hawking because of the health risks involved, the National Environment Agency (NEA) said it has taken action against two illegal hawkers after they sold food such as mee bakso (meatball noodles) from a field in Paya Lebar over the weekend.
— Straits Times

Allow taxis, private-hire drivers to use bus stops and lanes: Industry associations
5 hours 28 min ago — Taxi drivers and private-hire drivers could be allowed to pick up and dro
— Today Singapore

COE prices close mostly higher in last bidding exercise of the year
Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise on Wednesday (Dec 19), the last tender for 2018. The biggest increase was seen in Category A, for cars 1,600cc and below with horsepower not exceeding 130bhp. Premiums closed at S$25,501, an …
— Channel News Asia

3 Risks That Investors Should Know Before Buying Thai Beverage Public Company Limited’s Shares
Here are three things investors should note about Thai Beverage Public Company Limited (SGX: Y92).
— Motley Fool sg

Which Singapore-Listed Bank Is Cheaper Than The Stock Market Currently?
United Overseas Bank Ltd (SGX: U11) looks interesting with its relatively low valuation.
— Motley Fool sg

Stocks to watch: SPH Reit, Trendlines Group, Keppel Corp
The following companies saw new developments that may affect trading of their shares on Wednesday (Dec 18):
— Straits Times

Commentary: Hawkers want to embrace cashless payments but say they need help tackling barriers
Hawkers face four kinds of barrier to adopting cashless payments; government initiatives should focus on targeting a few, say two SUSS observers.
— Channel News Asia

SGH patient accidentally given an overdose of anaesthetic 10 times the prescribed dose
An elderly patient warded at the Singapore General Hospital (SGH) was accidentally given 10 times the anaesthetic prescribed, but this did not appear to have directly contributed to her death, said a coroner’s court.
— Straits Times

The need to look at the use of alternative tobacco products to quit smoking
It is 2018 and humankind still finds itself unable to rid itself of the smoking habit it had started many centuries ago. Once the major sponsors of famous sporting events like football, smoking is now relegated to the sidelines as an unhealthy and unglamorous habit. The struggle to eliminate smoking is a universal one and …
— The Online Citizen

Newer strata malls fail to deliver
Mr Tan Meng Khiang invested in a 187 sq ft strata retail unit at mixed development One Dusun Residences a few years ago, thinking it would be a good Balestier neighbourhood mall for the nearby condos.
— The Business Times

The Asian-centric approach to diabetes
An epidemic of diabetes is raging across Asia. Nearly a quarter of a billion diabetics now live in the region, placing strain on healthcare systems and putting policymakers on edge.
— Gov Insider


Feature photo ASEAN Secretariat

This week’s Singapore morning news feature photo acknowledges International Human Solidarity Day, December 20.


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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