Singapore Morning News For February 8

Singapore Morning News For February 8

Singapore morning newsThe rich turns to Singapore to evade China’s grip on Hong Kong’s financial centre
Hong Kong’s financial sector is becoming more tangled with mainland China, prompting more and more of China’s rich to turn to Singapore, said Bloomberg.
The Independent Singapore 

Singapore touts China friendship while making deals with US
China and Singapore agreed on Monday to deepen military-to-military ties, during a meeting between China’s Defense Minister Gen Chang Wanquan and his Singaporean counterpart Ng Eng Hen.
Asia Times

Singapore Deputy PM: ‘No Strong Case to Ban Cryptocurrency Trading’
Singapore’s government has indicated that it sees no need to prohibit cryptocurrency trading.
Tharman Shanmugaratnam, Singapore’s deputy prime minister and chairman of Monetary Authority of Singapore (MAS), said in a written response to MPs yesterday that cryptocurrency and related trading activity currently do not pose any threat to Singapore’s finance system.
Coin Desk

Singaporean rooftop farms announced
It was only last week we introduced you to a view of Singaporean agriculture. “Singaporeans have to get creative, because there’s just not enough space for huge fields full of crops or massive greenhouses”, we concluded, and it turns out that they do.
Fresh Plaza 

Singapore designates area for drone tests, explores new tech for air traffic management
The Singapore government has set aside a designated area on the island in which drones can be tested and signed several partnerships to explore the use of new technologies to improve air traffic management.
ZDNet 

Samsung signs MoU with Singapore’s Grab
Samsung has signed a multi-year memorandum of understanding with Singapore-based Grab covering joint development of customized solutions for the ride hailing industry.
Telecom Asia 

Law on criminal detention without trial extended
A law that allows the detention of criminal suspects without trial has been extended for another five years from Oct 21 next year – but not without a heated debate in Parliament.
The Independent Singapore

Fatal road accidents and fatalities hit all-time low in 2017: Traffic Police
Fatal road accidents and fatalities hit an all-time low last year, as the overall road traffic situation in the Republic showed marked improvement.
Today Online 

New funding to get SME staff better prepared for terror threat
Businesses are being urged to have in place a plan in case of a terror attack, with Second Minister for Manpower and Home Affairs Josephine Teo saying that “the threat of terrorism is real and closer than we think”.
The Straits Times (paywall)

Singtel to raise stake in Bharti Airtel to 39.5%
Singtel has arranged to indirectly increase its stake in India’s largest operator by subscribers Bharti Airtel to 39.5% with an additional 26.5 billion rupee ($412.6 million) investment.
Telecom Asia 

South Korea’s Black Eagles pull out of Singapore Airshow after crash
The Black Eagles, the Republic of Korea Air Force’s aerobatic team, will not be taking part in the Singapore Airshow’s aerobatic flying display programme in the coming days.
Channel NewsAsia

Singapore Government still studying e-commerce tax: Indranee Rajah
With less than two weeks to go till the unveiling of the Budget on Feb 19, the Government is still studying the best way to implement an e-commerce tax, Senior Minister of State for Law and Finance Indranee Rajah said on Wednesday (Feb 7).
The Straits Times (paywall)

IATA, Singapore aviation authority join hands to set up safety analysis research center
The International Air Transport Association (IATA) and the Civil Aviation Authority of Singapore (CAAS) announced here Wednesday to establish a Global Safety Predictive Analytics Research Center (SPARC) in Singapore
Xinhua Net 

Conglomerates to tap Singapore’s Changi Airport to redevelop Naia
THE seven conglomerates who submitted their unsolicited bid to redevelop the Ninoy Aquino International Airport (Naia) is tapping Singapore’s Changi Airport International as its technical partner.
BusinessMirror 

Singaporeans advised to avoid travel to the Maldives: MFA
Singaporeans were urged to avoid all non-essential travel to the Maldives after a state of emergency was declared in the country, the Ministry of Foreign Affairs (MFA) said in a travel advisory on Tuesday (Feb 6).
Channel NewsAsia 

Money courier who carried nearly S$12m into S’pore jailed for false declarations
Over eight months in 2013 and 2014, a 47-year-old Malaysian man worked as a cash courier, carting up to hundreds of thousands of dollars into Singapore from across the Causeway each time.
Today Online 

Zika antibody developed by Singapore company ready for human trials
A first-in-class monoclonal antibody for Zika, called Tyzivumab, is ready for human trials after only nine months of development, announced Tychan, a Singapore clinical-stage biotechnology company.
Channel NewsAsia

Singaporean hikers still missing in Johor mountain
There is still no sign of the two Singaporean hikers missing in Malaysia since Monday.
The New Paper 

 

Feature photo Justin Zhuang

 

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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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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