Singapore Morning News For June 7

Singapore’s top talent in financial services can expect higher starting salaries: Robert Half report
Singapore’s financial sector employers are willing to pay above-average wages in a bid to secure top talent, a recent study revealed.
— Business Insider

Former terrorism suspect Zaky Mallah reportedly detained in Singapore
In a statement, the Department of Foreign Affairs and Trade (DFAT) confirmed the detention of an Australian in Singapore.
— ABC

Singapore could become the second country to legalize mitochondrial replacement therapy
This small city-state could become the second country—after the United Kingdom—to explicitly legalize mitochondrial replacement therapy (MRT), a controversial assisted reproduction technique that allows women who are carriers of some rare genetic disorders to give birth to healthy babies.
— Science Mag

COE premiums for larger cars fall to lowest in near 8 years
Certificate of Entitlement (COE) premiums for large and powerful cars closed the lowest in almost eight years in the latest bidding exercise on Wednesday (Jun 6).
— Channel NewsAsia

SEAX-1 cable ready for service
Super SEA Cable Networks has announced that the SEAX-1 subsea cable system linking Singapore, Indonesia and Malaysia is now ready for provisional acceptance.
— Telecomasia.net

Singapore strives to be ‘diplomatic hub’ with North Korea-U.S. summit
As Singapore gears up to host U.S. President Donald Trump and North Korea leader Kim Jong-Un in their first-ever summit, political watchers say the tiny city-state is shaping up to be a “diplomatic hub” of sorts.
— NBT World (video)

In Singapore, where trash becomes ash, plastics are still a problem
As countries around Southeast Asia struggle to cope with growing piles of plastic and other waste on land and in their waters, Singapore is one country in the region that appears to have things figured out.
— Reuters

ILO and Singapore moving forward to promote decent work in Southeast Asia
The International Labour Organization (ILO) and the Singapore Ministry of Manpower have renewed their Partnership Agreement to promote decent work in Southeast Asia.
— Modern Diplomacy

80% of Singapore consumers ready to ditch plastic straws
Food and beverage outlets that offer alternatives to plastic straws get the thumbs up from the majority of Singaporean consumers, according to a recent report on the city-state’s straw consumption habits.
— Eco-Business

Singapore, India Trade Pact Review: Tariff Cuts, Flexible Rules of Origin Announced under CECA
Singapore and India have successfully concluded the much awaited second review of their preferential trade pact – the Comprehensive Economic Cooperation Agreement (CECA).
— India Briefing

Singapore: The logistical challenges of the Kim-Trump summit
In just six days’ time, the world’s eyes will be on Singapore as it hosts the historic summit between US President Donald Trump and North Korean leader Kim Jong-un.
— Al Jazeera

Singapore to unveil new corporate structure for investment funds next year
Singapore’s central bank plans to introduce a new corporate structure for investment funds to bolster the city state’s position as a hub for institutional investors and fund managers.
— Asia Asset Management

Singapore launches PIER71 to grow a vibrant maritime entrepreneurial and innovation ecosystem
Port Innovation Ecosystem Reimagined @ Block71 (PIER71) and Smart Port Challenge (SPC) 2018 aim to catalyse greater innovation and digitalisation in the maritime industry.
— Open Gov Asia

Continental opens its third R&D building in Singapore
TECHNOLOGY company and automotive supplier Continental has opened its third research and development (R&D) building in Singapore with the goal of meeting the demand of growing engineering capacities driven by the worldwide business expansion, particularly in Asia.
— The Business Times

Singapore airspace to be restricted during Trump-Kim summit: CAAS and Mindef
Singapore’s airspace will be restricted during the planned US-N.Korea summit.
— Today Online

ADB President discusses digital technology in Singapore
An announcement from the Asian Development Bank (ADB) highlighted the recent 2-day visit of Mr Takehiko Nakao, ADB President, to Singapore where he met up with Singapore officials and business leaders to discuss digital technology in development.
— Open Gov Asia

Singapore asks Malaysia to clarify position on stock market trading link
Singapore has asked Malaysia to clarify its position on the planned stock market trading link between Bursa Malaysia and Singapore Exchange.
— The Edge Markets

Commentary: When Go-Jek enters Singapore, what consumers, drivers and delivery services can expect
The last few months have been interesting and eventful for the shared transport and ride-hailing industry in Singapore.
— Channel NewsAsia

Will Singapore’s ‘orchid diplomacy’ extend to Trump-Kim summit?
Heads of state, royalty and celebrities who visit Singapore often leave with a specially grown orchid, the national flower of the wealthy city-state, named after them.
— Reuters

LaLa World signs strategic partnership with Rebit.ph to provide increased financial access in the Philippines
Asian blockchain and artificial intelligence (AI) technology company LaLa World today announced a strategic partnership with blockchain-powered remittance company Rebit.ph (“Rebit”) to expand its payment networks.
— AEC News Today/ PR Newswire (media release)

Why Singapore is the Right Place for the Trump-Kim Summit
Among the possible contenders mentioned for the summit between U.S. President Donald J. Trump and North Korean leader Kim Jong-un—Sweden, the Korean DMZ, Mongolia, Switzerland, as well as much more unlikely possibilities like North Korea itself—Singapore was probably the right choice for the event, and ultimately not such a surprising one.
— Council on Foreign Relations

“We are hundred times better than Kiasuland”: Malaysia’s new AG’s comment on Singapore law goes viral
A nine-year-old speech by Malaysia’s new Attorney-General Tommy Thomas, in which he slammed Singapore as “Kiasuland”, has been going viral on social media here.
— The Independent Singapore

Maritime and Port Authority of Singapore supports use of drones for trial maritime delivery
The Maritime and Port Authority of Singapore (MPA) recently announced that it is pleased to support the pilot trial of deliveries from shore to vessels anchored off the coast with an unmanned aerial system (UAS) in the second half of 2018.
— Open Gov Asia

Singapore firm to draw up Chinese investment zone plan in Sri Lanka
Sri Lanka’s cabinet has approved a proposal for Singapore-based urban planning consultancy Surbana Jurong Pvt Ltd, owned by state investor Temasek Holdings Ltd, to draw up a plan for a Chinese investment zone in the country’s southern port city of Hambantota, a government spokesman said on Wednesday.
— Reuters

Singapore’s Government extends condolences after death of PAP pioneer Jek Yeun Thong | Video
In a statement on Wednesday (Jun 6), the Prime Minister’s Office (PMO) said Jek Yeun Thong, a key member of the People’s Action Party (PAP) Old Guard, “contributed significantly to the building of modern Singapore”.
— Channel NewsAsia (video)

Feature photo Ria Tan

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.

Singapore Morning News For June 7 added by Leakhena Khat on June 7, 2018
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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.