Singapore morning news for December 6

Singapore morning news for December 6

Singapore morning news

Singapore makes strong protest to Malaysia over port extension plan
Singapore has made a “strong protest” to Malaysia over its plan to extend the limits of a port in its southernmost state, saying it encroached the territorial waters of the wealthy city-state.
— Reuters

Leong Sze Hian “rejects” notion that he set out to defame PM Lee with malicious intent
Prominent blogger and ex-President of human rights NGO Leong Sze Hian has responded to the legal proceedings and the coverage of the legal proceedings for defamation that Prime Minister Lee Hsien Loong has commenced against him.
— The Independent sg

Leaving the wild west behind: Singapore’s new payment services bill is a defining moment for fintech regulation
Last month, Singapore witnessed a major milestone in its Fintech landscape. The much-awaited New Payment Services Bill (PSB) was finally placed for its First Reading in Parliament on 19 November.
— Asean Today

Police probing cases of fake letters sent to public supposedly by one of their officers
The police are investigating recent reports of fake letters sent to the public, purportedly from one of their officers.
— Straits Times

9 hospitalised, 175 people ill: Mandarin Orchard S’pore main ballroom banquet operations suspended indefinitely
Banquet operations at Mandarin Orchard Singapore’s main ballroom have been suspended with immediate effect, following a large number of food poisoning cases reported.
— Mothership

Why the Singapore-Malaysia maritime and airspace disputes matter
It has been just seven months since Dr Mahathir Mohamad led the Pakatan Harapan (PH) coalition to a shock victory at Malaysia’s May 9 polls.
— Today Singapore

Singapore poised to reap the benefits of mobility
Dyson’s announcement that it will build its electric car in Singapore highlights not only the city state’s capabilities in research and development and advanced manufacturing but also underscores its role in the age of mobility we are now entering.
— The Business Times

Singaporeans eye overseas property purchases amidst high costs back home: survey
Foreign properties could be used as retirement homes.
— Singapore Business Review

Muis’ youngest-ever chief executive is ready to listen and support the community
Mr Esa Han Hsien Masood, 39, will be the youngest ever to lead the Islamic Religious Council of Singapore (Muis) as its chief executive from Jan 1, and he knows his age could be an issue to some.
— Straits Times

S’pore rebuts Mahathir’s claim over JB port limits
Malaysia’s Prime Minister Mahathir Mohamad’s statement yesterday that altered port limits for Johor Baru port did not touch Singapore’s border drew a firm response from the Singapore Government.
— Straits Times

Daniel Thong: “You know an industry is broken when the government has to step in to tell the industry to pay their workers at least S$1000 a month.”
An industry is considered broken when the government needs to intervene in order to get employers to pay their workers at least S$1000 a month, according to co-founder of co-founder of cleaning start-up Nimbus Daniel Thong, and cleaning is broken in this industry.
— The Online Citizen

Singapore sprouts innovation centres
Putting on your thinking cap? Some professionals can now do so in dedicated “innovation centres”, which are springing up islandwide. At least 25 such facilities have opened since last year, with the help of the Economic Development Board (EDB).
— The Business Times

Commentary: Lessons from San Jose and Stan Lee as Singapore’s Smart Nation efforts enter new phrase
In mid-November, Singapore was named “Smart City of 2018” at the Smart City Expo World Congress in Barcelona. Having won the award, what is next?
— Channel News Asia

A 22-year-old Singaporean who sold over 10,000 self-designed bags learned to do business by asking strangers on the street for advice
Singaporean Mandy Chan, 22, isn’t planning on letting anything get in the way of her entrepreneurial dreams – even if that means delaying her education against her parents’ wishes.
— Business Insider

M1 to support Jurong Port in digital smart port transformation
M1 will provide Jurong Port with a terminal-wide wireless private network, to support the transformation of the port into an advanced digital smart port.
— The Edge

Singtel and StarHub bank big on cybersecurity
Singapore’s two biggest listed telcos have been ploughing big money into cybersecurity offerings, with industry watchers calling the diversification essential in a tough market.
— The Business Times

Cybersecurity industry sees large salary increases amid talent crunch
A dearth of cybersecurity talent plaguing Singapore has resulted in local industry salary increases of up to 40 per cent compared to last year.
— The Business Times

$78k lost to bitcoin investment scams in last 3 months
About $78,000 was lost to scams involving online articles that use false information to promote bitcoin investments between September and last month.
— Straits Times

Robots could be rolled out for security patrols at MRT stations
That watchful figure helping to guard your MRT station or bus interchange may soon be a robot.
— Straits Times

SMEs expect lower turnover in 2018; sentiment weighed down by trade war: survey
More small and medium-sized enterprises (SMEs) in Singapore are expecting a decline in turnover this year, citing the challenging business environment as the main culprit for the dampened outlook, weighed down at least partially by the US-China trade war.
— The Business Times (paywall)

Small-car COE price lowest in 8 years
Certificate of entitlement (COE) prices ended mostly lower in the latest tender yesterday as demand remained lukewarm in the face of weak consumer sentiment.
— Straits Times

Dual-class shares more of a bane than boon to Singapore markets, finds survey
The introduction of dual-class shares (DCS) has damaged Singapore’s regulatory creditability and contradicts investor stewardship, suggests findings from a report by the Asian Corporate Governance Association (ACGA) and CLSA Limited.
— The Edge

Swiss FTS opens Singapore datacenter
Corporate investigations firm Swiss FTS expands its services in Asia and opens a datacenter in Singapore
— Finews Asia

Singapore’s EDBI joins $90m funding round in US startup Pindrop
EDBI, the investment arm of Singapore’s Economic Development Board, has joined the $90-million Series D funding round in voice security and authentication startup.
— Deal Street Asia

In its war against diabetes, Singapore could be the first country in the world to outlaw sugary drinks
The war on diabetes just got real, son.
— Coconuts (paywall)

StarHub unveils three SIM-only mobile plans in product overhaul
Telco StarHub has streamlined its mobile plans from 10 to three, offering large data bundles that could help defend its market share, which could come under threat with the entry of a newcomer.
— Straits Times

Fruitful S’pore-French innovation year, more to come: DPM Teo
Sixty activities and multiple platforms for cooperation – all in 11 months.
— Straits Times

Capitaland’s profits could climb 19% over next two years: analys
Its residential sites in China are expected to bring in $1.28b for the firm.
— Singapore Business Review

3 Things To Like About Raffles Medical Group Ltd’s 2018 Third-Quarter Results
Three positives from Raffles Medical Group Ltd’s (SGX: BSL) latest earnings update.
— Motley Fool sg

Follow This 1 Rule In the Stock Market To Do Tremendously Well
There’s a reason why Warren Buffett famously said that his favourite holding period is forever.
— Motley Fool sg

Singaporean women worry about having enough for medical care after retirement: Study
Three in four women of working age in Singapore are worried about not having enough money to cover their medical or care expenses after they retire, according to a new study by financial institution HSBC.
— Today Singapore

Hour-long show with fireworks for Marina Bay Singapore Countdown 2019
An hour-long show featuring fireworks will be among the highlights at the Marina Bay Singapore Countdown 2019 to usher in the new year.
— Channel News Asia

Report suggests Singaporeans are not saving for retirement because they ‘don’t feel old’
HSBC’s Future of Retirement 2018 report suggests something rather startling–perhaps the reason why many Singaporeans are not saving for their retirement years is that they ‘don’t feel old.
— The Independent sg

NTUC First Campus and NIE to track progress of pre-schoolers from low-income families over three years
NTUC First Campus, the second largest pre-school operator in Singapore after the PAP Community Foundation, will be embarking on a study to determine how pre-schoolers from disadvantaged backgrounds and their families can be best helped.
— Straits Times

Errant Singapore motorists should be barred from leaving Malaysia: Senator
Motorists from Singapore with outstanding summonses should be barred from leaving Malaysia until they settle the amount owed, said Malaysian senator Rabiyah Ali in parliament on Wednesday (Dec 5).
— Channel News Asia

New 3D traffic markings on trial to reduce motorists’ speed
New three-dimensional (3D) traffic calming markings, aimed at encouraging motorists to reduce speed, will be trialled along the Whampoa Drive Silver Zone towards the end of December.
— Channel News Asia

Coca-Cola Singapore ready to help fight diabetes, but says sugary drink tax not very effective
Coca-Cola Singapore has acknowledged that it has a shared responsibility to help consumers cut down on sugar, but insisted there are more effective ways to do so than taxing sugary drinks or restricting advertising.
— Channel News Asia

Singapore guitar legend Zul Sutan dies, aged 61
As the frontman for the rock band Tania, he grew to be a household name in Singapore’s music scene, in a career spanning more than 40 years.
— Channel News Asia

 

Feature photo Peter Gronemann

This week’s Singapore morning news feature photo acknowledges International Civil Aviation Day, December 7.

 

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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Mark Roy

Copy Editor at AEC News Today

A professional photographer of 20 years experience, Roy has worked as editor of newspaper mastheads across Australia, from Albany in the south-west to Torres Strait in the north-east.

In 2009 he was Lifestyle Editor of Cambodia’s only award-winning newspaper, The Phnom Penh Post, and Deputy Editor at the launch of its weekly magazine, 7Days.

He holds a Postgraduate Diploma in Journalism and a Bachelor of Arts in Photomedia.

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