Singapore Morning News For May 1

Singapore Morning News For May 1

Singapore morning newsTrump looking at Korean DMZ, Singapore for summit with Kim Jong Un
President Donald Trump said Monday that Singapore and a facility inside the Demilitarized Zone that divides the Korean peninsula are under consideration as sites for his highly anticipated summit with North Korean leader Kim Jong Un.
Politico

Singapore-led Asean favors China over US
Singapore’s anticipated chairmanship of the Association of Southeast Asian Nations (Asean) opened on the weekend with a summit that reaffirmed the city-state’s vision of a “rules-based” regional order but offered a limited view on pressing security matter.
Asia Times 

PM: Singapore on course for healthy growth this year
Singapore’s economy grew 3.6 per cent last year, and it can look forward to healthy economic growth this year, too, if this momentum is maintained, Prime Minister Lee Hsien Loong said yesterday.
The Straits Times 

NTU researchers develop technology to reduce noise pollution through open windows
The device detects incoming noise even before it reaches the window, computes its attributes, and emits a countering sound or “anti-noise”. The researchers are working with government agencies in Singapore to further improve the technology to make it viable for commercial and residential applications.
Open Gov Asia

Army Exercise Puts US-Singapore Defense Relations Into Focus
Both sides held the latest iteration of Exercise Lightning Strike earlier this month.
The Diplomat (paywall)

LTA buys 17 new trains for North East Line, Circle Line extensions
French train manufacturer Alstom will supply 17 of Singapore’s new driverless MRT trains – six for the North East Line (NEL) and 11 for the Circle Line (CCL) – under a S$250 million contract awarded by the Land Transport Authority (LTA).
Channel NewAsia (video)

Raffles Medical counts on healthy demand in graying Singapore
Raffles Medical Group is strengthening its health care businesses in Singapore in response to the city-state’s rapidly aging population and the rising prevalence of chronic ailments.
Nikkei Asian Review (metered paywall)

Singapore Warship’s Vietnam Visit Highlights Defense Ties
First such voyage in 2018 comes amid a busy week for the bilateral relationship.
The Diplomat (paywall)

Singapore must forge its own strategy to become a global AI leader
CHINA now has the most valuable artificial intelligence startup in the world. SenseTime raised US$600 million from Alibaba and other investors at a valuation of more than US$3 billion in April, becoming the world’s most valuable AI startup.
The Business Times 

Singapore, home to strict drug laws, looks to develop synthetic marijuana compounds
Singapore, known for some of the world’s most stringent drug laws, aims to develop medical treatments containing synthetic elements of the cannabis, or marijuana, plant.
CNBC 

Always work together as ‘Team Singapore’, so workers are taken care of: PM Lee
Regardless of international developments, Prime Minister Lee Hsien Loong stressed the importance of always working together domestically as “Team Singapore” on Monday (Apr 30).
Channel NewsAsia

SMU forges partnerships to promote innovation and entrepreneurship in Vietnam
SMU forged two new partnerships to share its experience in promoting innovation and entrepreneurship with Vietnam, as well as to strengthen innovation and entrepreneurship networks between Singapore and Vietnam.
Open Gov Asia 

Singapore needs more hotel rooms as tourist arrivals grow: Colliers
Singapore still needs a “significant” number of hotel rooms despite a substantial increase in the last three years, said real estate agency Colliers International.
The Straits Times 

India must focus on manufacturing turnaround at RCEP talks in Singapore
For much of the first week of May, countries engaged in the negotiations for formalizing the Regional Comprehensive Economic Partnership (RCEP) will meet in Singapore for their 22nd round of negotiations.
Livemint

Commissioner of Charities finds millions from Sri Veeramakaliamman Temple funds were put at risk due to shady deals
The Ministry of Culture, Community and Youth (MCCY) disclosed today that an inquiry into one of Singapore’s oldest temples has revealed “severe mismanagement” in the administration of the charity.
The Independent Singapore 

Mint Payments launching unique payment solution in Singapore
Mint Payments Ltd (ASX:MNW) is launching its white-labeled Unified mPOS (mobile point of sale) solution in Singapore today through NETS, a leading payments solutions provider.
Proactive Investors

DBS Q1 net profit jumps 26% to record S$1.52b
Singapore’s largest lender DBS’ first-quarter net profit rose 26 per cent from the same period a year ago to a record S$1.52 billion on the back of strong loan and non-interest income growth, as well as a higher net interest margin.
Channel NewAsia (video)

Collectius Group CEO Gustav A. Eriksson Interviewed by Bloomberg Regarding the Company’s Rapid Growth and Market Outlook in the Region
The article was first published on 24 April 2018. Collectius Group CEO Gustav A. Eriksson was featured in a Bloomberg article titled “Firm Backed by Swedish Money Eyes Distressed Loans in Asean (1),” by David Yong.
AEC News Today/ PRNewswire (media release) 

India’s L&T to sell unit to Schneider-Temasek consortium for $2.1b
Larsen & Toubro Ltd., India’s largest engineering and construction company, has agreed to sell its electrical unit to a consortium led by Schneider Electric SE, people with knowledge of the matter said.
DealStreetAsia

Faster, targeted therapy for liver cancer patients
Doctors and scientists in Singapore are collaborating with a Korean academic medical centre on a programme that hopes to administer targeted therapy to liver cancer patients within a shorter time frame.
Channel NewAsia (video)

Lion Air signs GDS agreement with Sabre to fuel its growth strategy
Sabre adds highly-valued content from leading low-cost carrier in Asia to its global marketplace
Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, today announced a new content distribution agreement with Lion Air, the largest privately-owned airline in Indonesia, and its subsidiary, Wings Air, as the preferred global distribution system (GDS) to offer Lion Air content in the carrier’s home market.
AEC News Today/ PRNewswire (media release) 

22 recommendations to make Singapore’s transport network family-friendly
In a bid to make Singapore’s transport system more family-friendly, an advisory panel has submitted 22 recommendations to Senior Minister of State for Transport Dr Lam Pin Min for consideration.
Today Online 

Allianz RE scouts for logistics deals in China, India and Southeast Asia
German insurer Allianz’s realty investment arm Allianz Real Estate is actively scouting for logistics deals in the booming consumer economies of China, India and Southeast Asia as it seeks to build a pan-Asia logistics portfolio.
DealStreetAsia

Labour Day in S’pore is when politicians publicly go to work
May 1 is Labour Day, a day many Singaporeans only know it has something to do with work, or the lack of.
Mothership 

 

Feature photo Katja Maasing


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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