Singapore morning news for July 20

Singapore morning news for July 20

Singapore morning newsSingapore opposes any attempts that threaten freedom of navigation: Vivian Balakrishnan
Singapore’s Foreign Affairs Minister also warned about the impact of reining in trade liberalisation in his speech at the 10th Delhi Dialogue.
— Channel News Asia

Singapore ratifies Asia-Pacific trade deal for market of 500 million people
Singapore has ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), becoming the third nation to do so after Mexico and Japan.
— Straits Times

Malaysia must make clear its plan for KL-S’pore high-speed rail, further delay could hurt both sides: Analysts
Postponing the Kuala Lumpur-Singapore high-speed rail project will not only rack up huge costs for both sides the longer it drags out, but it will also delay the intended economic benefits, such as the development of regional areas in Malaysia, analysts said.
— Today Online

Challenged equity market could hit banks’ wealth management businesses in Q2
As banks are set to report their Q2 financial results, DBS Equity Research said that weaker market activities could weigh on non-interest income.
— Singapore Business Review

Singapore ratifies comprehensive and progressive agreement for Trans-Pacific partnership
Singapore ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Thursday (19 July), becoming the third nation to do so after Mexico and Japan.
— The Online Citizen

19-year-old is first Singaporean to embark on award-winning Arctic expedition
Victoria Lim’s fervour for the environment was fired up three years ago when she saw how passionate her peers were at a youth conference on climate change.
— Today Online

Malaysia should not scrap High-Speed Rail project with Singapore: Johor crown prince
Malaysia should not withdraw from the Singapore-Kuala Lumpur High-Speed Rail (HSR) project, Johor crown prince Tunku Ismail Sultan Ibrahim told Channel NewsAsia in an exclusive interview on Thursday (Jul 19).
— Channel News Asia

SATS Q1 profits up 11.5% to $63.9m
SATS’ profits for the first quarter of 2018 jumped 11.5% to $63.9m from $57.3m last year, whilst revenue went up by 3% to $439.4m from $426.75m last year.
— Singapore Business Review

Paris Saint-Germain announce PSG eSports Challenge for Singapore
Two professional FIFA players of Paris Saint-Germain’s eSports team, Lucas DaXe Cuillerier and Johan ManiiKa Simon, will accompany the PSG men’s football team when the club tours Singapore from July 25 to August 4, as part of the team’s Asia 2018 tour.
— T2Online

Race-based policies should stay, but beware dangers of racial exclusiveness and ethnocentrism: Academics
Race-based policies such as the CIMO (Chinese, Indians, Malays, Others) model and Ethnic Integration Policy should be retained, though Singapore should keep a watchful eye on them to avoid unwittingly promoting racial exclusiveness and ethnocentrism.
— Today Online

Commentary: Overlooked and underpaid, women must speak up and put themselves out there
Women must speak out more if Singapore is to grow its number of female business leaders, says one female business leader.
— Channel News Asia

Keppel’s Q2 profit jumps 44% on property, infrastructure divisions
Keppel Corp posted a 44 per cent rise in its second-quarter profit, citing stronger earnings from its property and infrastructure divisions that offset losses in its other segments, including offshore and marine.
— Channel News Asia

New fully-electric taxis can cover over 200km with 30-min charging
Two fast-charging fully-electric taxis will hit the Singapore roads on Thursday (July 19) as part of a trial by transport giant ComfortDelGro.
— Today Online

2 men fined S$11,000 for possession of scorpion, importing leopard geckos
Two men were fined a combined S$11,000 for wildlife-related offences this week, the Agri-Food and Veterinary Authority of Singapore (AVA) announced on Thursday (Jul 19).
— Channel News Asia

Grab and NUS have created a multi-million dollar ‘AI Lab’ to solve traffic issues across Southeast Asia
Ride-hailing company Grab has teamed up with the National University of Singapore (NUS) to launch an artificial intelligence (AI) laboratory to solve urban transportation issues.
— Business Insider Singapore

Amnesty International calls for the charges against peaceful activists and politician to be dropped
Amnesty International (AI) is calling on the Singapore government to drop contempt charges against social worker and activist, Jolovan Wham and politician John Tan following a hearing at the High Court on 17 July 2018.
— The Online Citizen

Apex court allows part of NTUC Foodfare’s S$443,000 closure claim
Overturning an earlier High Court ruling, the Court of Appeal on Thursday (July 19) held SIA Engineering Company and its negligent employee liable for about S$176,000 in damaged equipment and loss of profits to NTUC Foodfare.
— Today Online

Singapore ratifies new trans-pacific trade deal
Singapore on Thursday (Jul 19) ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), becoming the third nation to do so after Mexico and Japan, the Ministry of Trade and Industry (MTI) said in a press release.
— Channel News Asia

Determining the optimal subsidy for public transport
A Public transport subsidies, though commonplace around the world, vary in magnitude. Subsidies are low in some cities and very high in other cities.
— Straits Times

Record fine for director with multiple breaches of the Companies Act
A company director was convicted and fined a record $57,000 for 38 charges ($1,500 per charge) in the State Courts on Tuesday (17 July).
— The Online Citizen

Ben will return to do NS, “unfortunate” that MINDEF thinks otherwise: Harvey Davis
he father of Singaporean footballer Benjamin Davis, who has signed a two-year contract with English Premier League club Fulham, stated that his son will be carrying out his National Service (NS) duties, contrary to the Ministry of Defence (Mindef)’s assumption regarding the issue.
— The Online Citizen

Twin sisters found guilty of assaulting Simei Green condominium manager
The twin sisters who were filmed assaulting and spitting on a condominium manager were found guilty of their offences after a protracted trial lasting 21 days over two years.
— Yahoo News

 

Feature photo Brian Evans

 

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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Maria Mirasol Rasonable graduated with a Bachelors Degree in journalism from Polytechnic University of the Philippines, Santa Mesa, Manila, Philippines. She previously covered police rounds for Philippine Daily Inquirer as a trainee before becoming editorial staff at Gospel Komiks under the Communication Foundation for Asia (CFA-MG), Santa Mesa, Manila where she wrote lifestyle and trending fashion and styles articles.

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