Singapore morning news for December 28

Singapore morning news for December 28

Singapore morning news

SMEs must get with the times
Small and medium sized enterprises (SMEs) in Singapore have been hailed as the driving force behind the country’s economy. The government pointed out that they make up 99 percent of all enterprises in the country and employ as many as 65 percent of the country’s workforce.
— The Asean Post

Bill on deliberate online falsehoods could be tabled by first half of 2019: Edwin Tong
The first indication of the kind of new laws Singapore could enact to stem the spread of online misinformation could be clearer by the first half of 2019. Senior Minister of State for Law Edwin Tong revealed this in an interview with Channel NewsAsia, saying that draft legislation could be tabled by then.
— Channel News Asia

Drones, robots, and flying machines: the automation of Singapore
Singapore is increasingly turning to robots, drones, and machines to address labour shortages — and to lower costs.
— AEC News Today (video)

Singapore: Q4 growth likely stayed modest – Standard Chartered
Analysts at Standard Chartered are estimating Singapore’s Q4 GDP growth likely to print 2.2% y/y, similar to Q3, and capped by high base effects.
— FX Street

Singapore submits first report on ICERD, the convention to eliminate racial discrimination
Singapore has submitted its first report to the United Nations on an international treaty that condemns racial discrimination of all stripes, and highlighted various measures which the Republic has been working on to end such discrimination.
— Straits Times

Digging deep: Singapore plans an underground future
From its towering “supertree” vertical gardens to a Formula 1 night race, Singapore is known for many attractions; underground space is not one of them. But that may soon change, as the city-state prepares to unveil an Underground Master Plan in 2019.
— Today Online

S$80,000 raised for Indonesian tsunami relief efforts, Red Cross starts public fundraising appeal
In a statement on Thursday (Dec 27), the Singapore Red Cross (SRC) said that it had collected the amount through a public fundraising drive, with the money going towards buying relief items for displaced survivors and longer-term recovery and rebuilding efforts.
— Today Singapore

Indonesia tsunami: Singaporeans should defer travel to affected areas, says MFA
Following warnings by the Indonesian authorities to stay away from the erupting Anak Krakatoa volcano, Singapore’s Ministry of Foreign Affairs (MFA) on Thursday (Dec 27) urged Singaporeans to defer travelling to affected areas.
— Channel News Asia

More than 100 contractors taken to task since January for flouting drainage regulations: PUB
In the first 11 months of this year, 128 contractors have been prosecuted and fined for a total of 203 offences involving unauthorised alterations and interference to the public drainage system or flouting Earth Control Measure (ECM) regulations.
— Channel News Asia

STI hits near 2-month low as most Southeast Asia markets fall, in line with global equity rout
Most Southeast Asian stock markets fell tracking their global peers with Singapore taking the maximum hit on Wednesday (Dec 26), as continued concerns over political uncertainty in the US prompted investors to steer clear of riskier assets.
— Today Online

S’pore vendors demand over S$700,000 from Ofo, which owes past and present staff thousands in unpaid claims
At least two companies here have sent letters of demand to beleaguered bike-sharing firm Ofo to claw back money owed for logistic services, TODAY has learnt.
— Today Online

Singapore home prices up 8.8% YOY In Q3
Residential property prices in Singapore rose 8.8 percent year-on-year during the third quarter of 2018, revealed a Knight Frank report.
— Property Guru

More financial help for students from lower- and middle-income families in independent schools
The financial assistance scheme for students in the eight independent schools and two specialised independent schools will be enhanced from 2019.
— Straits Times

More foreign Reits likely to list in Singapore in 2019 as investors seek havens: Credit Suisse
Singapore’s equity market could see more Reit listings in 2019 as foreign listing interest picks up, in tandem with investors’ shift to safer havens, said investment bank Credit Suisse.
— The Business Times

Is value emerging in battered tech manufacturing stocks?
Everyone’s bracing for slower growth in 2019, and the beat-down valuations for Singapore’s tech manufacturing services stocks reflects that.
— The Business Times

OCBC Bank rolls out free online will writing service
Singapore citizens and residents can now use a free online service provided by OCBC Bank to prepare their own wills in as little as 10 minutes, the bank announced on Thursday (Dec 27).
— Channel News Asia

3 Reasons Why Hongkong Land Holdings Limited Is A Bargain Right Now
Here are three reasons why Hongkong Land Holdings Limited (SGX: H78) is a bargain now.
— Motley Fool sg

A Look Back at 2018: Sinking of the Cryptocurrencies
Lessons from the cryptocurrency crash.
— Motley Fool sg

Five Singapore statistics that stunned in 2018
Singaporeans are mostly fitter, living longer and making more money, but what were some of the other numbers that defined life in the city-state in 2018? Yahoo News Singapore takes a look at five sets of statistics that stunned.
— Yahoo News

Singapore’s proposed ivory ban would help save elephants
Reducing consumer demand coupled with government regulations and stricter enforcement will put an end to poaching imperiled species.
— Channel News Asia (commentary)

260 people evacuated after fire breaks out at Kampung Admiralty complex
About 260 people, including senior citizens and children, were evacuated after a fire broke out at the Kampung Admiralty retirement complex on Wednesday (Dec 26).
— Today Online

Work first, sex later: Chinese youth facing career pressure, no time for pleasure
In a recent survey conducted by Chinese website 163.com, around 4,000 Chinese born between 1980 and early 1990 were asked about their sex lives. It has come into the attention of analysts and researchers alike that there has been a dry spell going around the young generation of the country
— The Independent sg

Chief of Army Goh Si Hou promoted to Major-General
Brigadier-General Goh received his promotion certificate from Defence Minister Ng Eng Hen in a ceremony at the Ministry of Defence (Mindef) yesterday.
— The New Paper

NUS reassures students it will bring in ‘high quality’ lecturers amid exodus; modules discontinued due to curriculum revision
The National University of Singapore (NUS) has assured undergraduates studying the communications and new media course that it is working to bring in “high quality academic staff”, after a wave of lecturer resignations.
— Today Online

SPCA to start new scheme to sterilise, manage strays
Community caretakers, members of the public and animal lovers will soon find it easier to get stray dogs sterilised.
— The New Paper

ICA officers working ‘their guts out’ to manage holiday Causeway congestion: Shanmugam
Ninety per cent of Immigration and Checkpoints Authority (ICA) officers were on duty and about 500 officers worked overtime last week to manage the high volume of traffic flow at the Woodlands and Tuas Checkpoints during the Christmas holidays, according to Home Affairs Minister K …
— Channel News Asia

Cockroach-infused soup ruins Christmas gathering for friends
(THE NEW PAPER) – A group of friends’ festive celebrations were ruined this year when their Christmas surprise came in the form of a cockroach in tom yam soup.
— Straits Times

Transcab taxi changes lane without signalling, gets stopped by traffic police within 5 seconds
Instant car-ma.
— Mothership

Bike-sharing users need to park and scan their rides, or face fines, from next month
The QR code parking system will take effect from Jan 14, 2019, says LTA.
— Channel News Asia

South African jazz artist plays guitar with a hole in his scull
Musa Manzini, a jazz bassist, was fully conscious when surgeons opened a hole in his skull to remove a tumor lodged in his brain. Local media showed him unhurriedly plucking his acoustic guitar as they operated. The surgical method used on Manzini is called awake craniotomy.
— The Independent sg

Eyes in the sky for Marina Bay Countdown
Partygoers enjoying the fireworks display this New Year’s Eve at Marina Bay may catch a glimpse of a police drone in the sky, which will be part of the beefed-up police presence for the event.
— 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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