Singapore morning news for December 25

Singapore morning news for December 25

Singapore morning news

“Singapore figured very highly as a place from which money laundering occurred”: Veteran business journalist on 1MDB fiasco
Veteran business journalist P. Gunasegaran and his team from the now-defunct online business news portal KINIBIZ suggested in 1MDB: The Scandal That Brought Down a Government that Singapore figured very highly as a place from which money laundering occurred.
— The Online Citizen

Singapore goes underground to boost land use
It will unveil an Underground Master Plan in 2019 which will feature data centres, utility plants, bus depots, a deep-tunnel sewerage system, warehousing and water reservoirs
— The Business Times

Singapore core inflation slips to 1.7% in November, below economists’ estimates
Singapore saw both core and headline inflation easing year-on-year in November, according to the Department of Statistics consumer price index (CPI) release on Monday.
— The Business Times

Singapore’s ICO gamble
It is well known among blockchain and cryptocurrency enthusiasts that Singapore has taken a more open approach toward that industry compared with many other advanced jurisdictions.
— The Star Online

Travellers taking coach from S’pore get stranded before finally arriving in KL after 12 hours
Taking a coach to Malaysian cities has always been a popular option for Singaporeans. Most of the time, it’s cheap, comfortable, and you can get to Kuala Lumpur in five to six hours.
— Stomp (StraitsTimes)

Singapore Red Cross pledges S$50,000 in aid for Indonesia tsunami victims
The Singapore Red Cross on Monday (Dec 24) said it would extend S$50,000 in humanitarian aid to support those affected by the tsunami in Indonesia. At least 280 people were killed and hundreds more injured by the wave …
— Channel News Asia

Woman arrested for importing fake goods, over 400 counterfeit items worth $13k seized
A 38-year-old woman was arrested for her suspected involvement in the importation and possession of counterfeit items for the purpose of trade.
— Stomp (StraitsTimes)

Jail for woman who pressed hot iron on maid’s hands, pinched her with pliers
A woman who subjected her domestic worker to physical abuse for more than a year, leaving her covered in welts and with burn marks, was sentenced to 31 months’ jail on Monday (Dec 24).
— Channel News Asia

More than 150,000 applications received for public transport vouchers
More than 150,000 applications have been received for this year’s Public Transport Voucher Exercise at the 108 community centres/clubs (CCs) island-wide, as at 12 December 2018.
— The Online Citizen

A pregnant Han Hui Hui found applying for an HDB flat, netizens sarcastic and unsympathetic
Famous 23-year-old social activist and blogger Han Hui Hui is known for her protests which she calls events against the country’s Central Provident Fund (CPF), social security, rising unemployment, and education system.
— The Independent sg

Chow Yun Fat, allegedly worth S$981 million, to give away whole fortune with S’porean wife’s blessing
He is well-known for his frugal lifestyle.
— Mothership

Singapore’s Grab said to seek up to $5b in expanded Series H round
Southeast Asia’s ride-hailing major Grab is now seeking to raise up to $5 billion in an expanded Series H round amid increased investor interest, an executive familiar with its fundraising discussions told Deal Street Asia.
— Deal Street Asia (paywall)

Cromwell E-Reit to buy 3 logistics properties in France for 21.6m euros
Cromwell European Reit (E-Reit) is buying three freehold logistics properties in France for 21.6 million euros (S$33.75 million) to gain exposure to the Greater Paris logistics market, said the manager in exchange filings on Monday.
— The Business Times

Singtel’s Optus extends partnership with fellow Australia telco Vocus Group
Singtel’s wholly owned Australian telco Optus has signed a five-year extension of its partnership with fellow telco Vocus Group, offering access to the Optus 5G network and future technologies.
— The Business Times

Singapore’s GIC said to join restructuring of Thomas H Lee’s $8.1b fund
Singapore’s sovereign wealth fund GIC, Coller Capital and Neuberger Berman have become the lead investors for the restructuring of Boston-based Thomas H Lee Partners’ largest fund, per a report by Buyouts.
— Deal Street Asia

Hong Kong stock exchange rejects CNMC Goldmine’s dual listing application
Hong Kong’s stock exchange has rejected Catalist-listed CNMC Goldmine’s application for a dual listing on its mainboard, citing CNMC’s inability to meet the minimum market capitalisation and create liquidity for the company’s shares in Hong Kong.
— The Business Times

Axiom Asia collects $1.4b for fifth fund of funds: report
Singapore-based Axiom Asia Private Capital has gathered $1.4 billion for its fifth Asia-focused fund of funds, a vehicle that started raising late last year with a target to mop up over $1 billion.
— Deal Street Asia

Company Briefs: Singtel
Singtel’s wholly owned Australian telco Optus has signed a five-year extension of its partnership with fellow telco Vocus Group, offering access to the Optus 5G network and future technologies.
— Straits Times

Your Investing Game Plan for 2019
What should you do with your shares in 2019?
— Motley Fool sg

Singapore’s Top 10 Blue-Chips That Pay You A Dividend
10 blue chips are offering above-average dividend yields – but does that make them a buy now?
— Motley Fool sg

Private rental market may be held up by en bloc sellers, lower supply
The outlook for the private residential leasing market looks promising in 2019, with rent and occupancy rates likely to improve as supply eases and demand continues to be supported by displaced owners.
— The Business Times

Commentary: A necessity Singaporeans cannot afford – more sleep
More sleep or more work – this is a core dilemma every Singaporean must confront at some point in their lives, says Ng Chia Wee.
— Channel News Asia

Reservoirs closed as authorities remove non-native Motoro stingrays
Designated fishing grounds at Lower Peirce Reservoir and Upper Seletar Reservoir will be closed until further notice, water agency PUB said.

More than 40 community celebrations in store for the New Year
Check out the Silent Disco New Year Eve Countdown [email protected] in Bedok or performances by local interest groups and neighbourhood talents in Sengkang West.
— Straits Times


Feature photo Asean

This week’s morning news photo features a defining moment, event, or situation from 2018 for each country as chosen by our editors.


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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