Singapore morning news for December 7

Singapore morning news for December 7

Singapore morning news

Khaw tells Malaysia to ‘back off’ as Singapore expands port limits
That was the firm message from Transport Minister Khaw Boon Wan yesterday, as he urged Singapore’s closest neighbour to pursue dialogue instead of “blatant provocation” to resolve the row over port limits and territorial waters.
— The New Paper

Singapore authorities block Noble’s relisting plans
Singapore’s central bank and exchange regulator have barred commodities trader Noble Group from transferring its listing status to New Noble as proposed under its restructuring plan.
— Channel News Asia

Exclusive: Singapore to use biometrics for emergency services
The Singapore Civil Defence Force (SCDF) will use biometrics for emergency services to cut errors and save time for emergency service (EMS) patients … The biometrics system will be linked to the national electronic healthcare records
— Gov Insider

Police looking into moneychangers dealing fake Myanmar currency
Singapore police are investigating 18 moneychangers who they believe are involved in possessing fake Myanmar currency, the police said in a media release on Thursday (Dec 6).
— Channel News Asia

‘Unstable’ Malaysian govt using Singapore as ‘bogeyman’, says ex-diplomat
A former Singapore diplomat says the island republic is being “used as a bogeyman” due to the political uncertainty in Malaysia following the May 9 polls.
— FMT News

Malaysian vessel parked in Singapore waters is used to mark territory
A Malaysian vessel that has been anchored in Singapore territorial waters for several days is used for marking territory.
— Channel News Asia

Khaw feels sense of deja vu over bilateral tensions resurfacing
Having been in government service for 40 years, and observed the ups and downs of Singapore-Malaysia relations, Transport Minister Khaw Boon Wan found the events of the past few days eerily familiar.
— Straits Times

Ho Ching and Jenny Lee move up the ranks in Forbes’ 2018 list of 100 most powerful women
Two Singaporean women have been named in Forbes’ annual World’s 100 Most Powerful Women list that was released on Tuesday (Dec 4).
— The Straits Times

Singapore steps up drumbeat of charges against critics
Singapore’s always-prickly Prime Minister, Lee Hsien Loong, appears to be growing less and less tolerant of criticism, filing defamation charges against a prominent human rights defender, Leong Sze Hian
— Asia Sentinel

Ageing, healthcare top issues at pre-Budget 2019 dialogue
Ageing and healthcare came up as top issues discussed at the pre-budget 2019 dialogue that was held on Thursday (Dec 6) at the Asian Civilisations Museum.
— Channel News Asia

Bitcoin scams swindle Singapore investors for $78,000 in 3 months
Between September and November 2018, a total sum of $78,000 was lost to cryptocurrency scammers in Singapore after they used a series of strategies involving spreading false information about fake investments online to attract investors.
— CCN

A new Singapore cabinet could propel stocks higher: OCBC
Singapore equity valuations are likely to benefit from the handover of the country’s reins to younger leaders.
— The Edge

Construction of China-Singapore International Smart Industrial Park starts
Thursday saw the groundbreaking of the China-Singapore International Smart Industrial Park in China-Singapore Guangzhou Knowledge City.
— The Edge

Trade war drives companies to review business plans: AmCham
In the face of trade tensions between the United States and China, members of the American Chamber of Commerce in Singapore (AmCham Singapore) are delaying or cancelling investment plans, looking to other markets, and tweaking supply chains.
— The Business Times

GoJek may hunt for Singapore bank professionals amidst tech hiring
Its data science team needs people who can work on real-time forecasting framework.
— Singapore Business Review

Firms in Singapore delay investment, tweak supply chains in face of trade war: AmCham poll
In the face of trade tensions between the United States and China, members of the American Chamber of Commerce in Singapore are delaying or cancelling investment plans, looking to other markets, and adjusting supply chains.
— The Business Times

Sunpower clinches $12 mil manufacturing and services contract
Sunpower Group, the environmental protection solutions specialist, has secured a RMB59 million ($11.7 million) manufacturing and services contract from new customer Yunnan Dawei Co, a subsidiary of Yunnan Coal Chemical Industry Group Co.
— The Edge

SolarHome raises $13.7m debt from crowdfunding platforms
The Singapore-based start-up SolarHome has turned to debt from crowdfunding platforms to fund its expansion.
— Straits Times

Taiwan vacation rental firm to expand to Singapore, Malaysia after S$9.6m Series B round led by Alibaba fund
A Taiwan-based vacation rental startup has raised US$7 million (S$9.6 million) in Series B funding, which will be used to expand regionally – including Singapore and Malaysia operations in early 2019.
— The Straits Times

Firm operating e-scooter sharing service bags $5m in seed funding
A local firm that operates an electric scooter sharing service has raised $5 million in seed funding.
— Straits Times

Private home prices may climb by up to 2% in 2019
The bonanza of 20,000 units to be launched in early 2019 may curb price growth.
— Singapore business Review

MND releases first half of 2019 Government Land Sales (GLS) Programme
The Ministry of National Development (MND) on Thursday (6 Dec), said it has decided to moderate the total supply of private residential units for the first half of 2019 Government Land Sales (GLS) Programme as the the demand of private housing units has started to moderate.
— The Online Citizen

HDB resale prices up 0.2% in November
Resale volumes fell 5.7% to 1,881 flats.
— Singapore Business Review

Dual-class shares more bane than boon for Singapore markets: report
Contradictions in corporate governance policies nullified listing rules and code revisions.
— Singapore business Review

GoJek may hunt for Singapore bank professionals amidst tech hiring
Its data science team needs people who can work on real-time forecasting framework.
— Singapore business Review

Japan’s contact management firm Sansan bags $26.4m, to expand across SE Asia
Tokyo-headquartered business card management company Sansan has raised a JPY3 billion ($26.43 million) Series E funding round to fuel expansion across Southeast Asia.
— Deal Street Asia

SMEs expect 15% lower turnover amidst challenging business environment: report
Investments totaled less than 10% of sales for 75% of SMEs in 2018.
— Singapore Business Review

MND unveils GLS sites for hotel and commercial uses
The Marina View site can yield about 2,000 sqm of commercial space and 540 hotel rooms
— Singapore Business Review

Singapore-style school in Thailand under fire over IPO listing
A private school based on the Singapore curriculum is facing possible court scrutiny in Thailand after the recent debut of its shares on the local stock exchange.
— Singapore Times

A charity, but why has Singapore Environment Council not posted its financial returns on its website for public scrutiny?
As a registered charity with an Institution of Public Character (IPC), the Singapore Environment Council (SEC) should be displaying their annual financial returns and statements on their website for public scrutiny.
— The Online Citizen

Nanyang Poly students build their first fully functional aircraft
The first fully functional aircraft built by polytechnic students in Singapore can fly up to 710km, the equivalent of a round trip between Singapore and Kuala Lumpur.
— Channel News Asia

Mandarin Orchard sanitising ballroom, opens 24-hour hotline after food poisoning incident
The National Environment Agency, the Ministry of Health and the Agri-Food and Veterinary Authority have been undertaking joint investigations since Tuesday – collecting food and environmental samples for testing, and sending food handlers for stool screening.
— Straits Times

Resident claims “staff do not care” after all 4 lifts at luxury 60+storey Marina Bay condo developed by billionaire broke down
A resident at luxury condominium The Sail @ Marina Bay has complained on social media that all four elevators at Tower 2 of the posh apartment complex broke down this morning, forcing her to climb down 61 floors.
— The Independent sg

Agency owner fined $8,500 for bringing in underage maids
The owner of an employment agency was fined $8,500 yesterday for bringing in two underage girls from Myanmar to work as maids here.
— The New Paper

Everything you need to know about the Singapore-Johor port limits dispute since 1979
The source of the dispute is the same as the Pedra Branca issue — an extension of Malaysia’s boundaries in 1979.
— Mothership

Competition between Singapore, Malaysia will ‘help us grow even faster’: Mahathir
Singapore and its neighbour Malaysia are like twins, except one twin is bigger than the other, said Malaysian Prime Minister Mahathir Mohamad on Thursday (Dec 6).
— Channel News Asia

These are Singapore’s most Instagrammed places in 2018
Whether they are tourists or residents, it is no surprise to see people whipping out their mobile phones and taking photos in Singapore’s beautiful urban landscape for the ‘gram.
— Business Insider

 

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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