Singapore Morning News For July 9

Singapore Morning News For July 9

Singapore morning newsSingapore’s Temasek set to report record portfolio; tech deals in focus
Singapore state investor Temasek Holdings Pte Ltd [TEM.UL] is likely to book a record S$300 billion ($221 billion) for the value of its portfolio, powered by gains in DBS Group Ltd and Chinese banks, while it steps up investment in tech startups.
— Reuters

Singapore raises ABSD rates and tightens home loan limits
The measures were imposed over rising prices and demand.
— Singapore Business Review

Former US Navy employee who took bribes sentenced to 2 years, 9 months’ jail
A 57-year-old Singaporean woman involved in the worst corruption scandal in the history of the United States Navy was sentenced to two years and nine months in jail on Friday (July 6).
— Today Online

HDB to study use of off-shore solar panels
Yesterday, the Housing Board announced it will be signing a research collaboration with a landscaping firm.
— The New Paper

Scandalising the court
The offence of Scandalising the Court dates back to 1765 in England. However, since 1931, this offence has not been successfully prosecuted in England and Wales.
— The Online Citizen

The Big Read: US-China trade war not hurting S’pore much yet, but beware the long sting in the tail
Solar energy firm REC Group wears its award-winning “TwinPeak” solar modules like a badge of honour.
— Today Online

Higher ABSD rates lead to last minute home-buying frenzy
Existing launches like Martin Modern and Affinity at Serangoon were offering an additional 5% discount for buyers who committed to purchases on July 5.
— Singapore Business Review

Top 5 smart properties in Singapore and the perks they offer
Housing developments in Singapore equipped with various high-tech features are increasingly attracting strong interest from property seekers.
— Property Guru

Seven companies apply to LTA for bike-sharing licence
Four bicycle-sharing firms – ofo, Mobike, SG Bike and GBikes – have submitted their applications to the Land Transport Authority (LTA) for a full licence to operate dockless bicycle rental services.
— The New Paper

Hyflux given extensions for reporting of Q2, Q3 financial statements
The troubled water treatment firm has been granted additional six months to announce its unaudited financial statements for the second quarter, and three more months for the third quarter.
— Channel News Asia

Smart mosquito traps to go on trial at the end of this year: NEA
Mosquito traps with sensors that can help identify the species and gender of a mosquito will go on trial at residential estates at the end of this year, potentially reducing the manpower needed to check the devices.
— Today Online

Serena looms large as second week begins at Wimbledon
Serena Williams was considered a ‘dangerous floater’ a week ago, but halfway through Wimbledon the American now looks favourite to win an eighth, and perhaps most special, title.
— Channel News Asia

Quick asset turns buoy Frasers Property from property measures’ effects
Despite tighter government measures on Singapore’s property sector, Frasers Property should remain attractive because of its dividend yield at 5%, currently the highest amongst developers, DBS Equity Research analyst Rachel Tan said.
— Singapore Business Review

Lim Guan Eng wants to get Malaysian talents working in S’pore to return home
Malaysia’s Finance Minister Lim Guan Eng wants to make the country attractive again to get Malaysian talents that are overseas, especially those from Singapore, to return home.

Sembcorp Industries to get $200m of 5% perpetual securities
It will cease trading in SGX securities after redemption.
— Singapore Business Review

How to use tech to stretch your vacation dollars
Many Singaporeans are crazy about travel.
— The Newspaper

Does the state of football in Singapore mirror the state of leadership?
Mah Bow Tan, former PAP Minister and President of the Football Association of Singapore, once set a target for the Singapore football team to reach the World Cup finals by 2010 just as how Goh Chok Tong targeted a Swiss standard of living for Singapore by 1999.
— The Online Citizen

Will Potong Pasir SMC’s electoral boundaries be changed due to gerrymandering?
Singapore’s political landscape has always been an interesting one. We are perhaps the only country that has retained one party rule within the trappings of a technical democracy.
— The Online Citizen

Uniquely Singapore tipple: NEWater beer to debut at Singapore International Water Week
Delegates at this year’s Singapore International Water Week (SIWW) will get to pair a unique Singapore beer, NEWBrew – which is made using recycled water – with their serious discussions on water sustainability and technology.
— Today Online

Nim Collection First Edition
Strategically located along Nim Rise off Ang Mo Kio Avenue 5, the 47-unit (phase 1) development comprising 45 terrace houses and two semi-detached houses is ideal for multi-generation living as each unit boasts a spacious land area.
— Property Guru


Feature photo Rajesh_India


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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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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