Singapore Morning News For May 21

Singapore Morning News For May 21

Singapore morning newsWill the SG-KL High-Speed-Rail Project be Derailed?
The newly minted Pakatan Harapan coalition government of Malaysia has slammed the brakes on the project for high-speed-rail line between Singapore and Kuala Lumpur. The announcement comes soon after Prime Minister Lee Hsien Loong visited his Malaysian counterpart Tun Dr Mahathir Mohamad in Putrajaya for 30 minutes yesterday.
The Independent Singapore

Singapore Leading the Way in Blockchain Introduction
There are as many as 50 startups that are working on blockchain-based technologies in Singapore. That should help making financial transactions and processes more transparent, resilient and at a lower cost.

In the new digital economy, Taiwan may ‘outsmart’ rivals including Singapore
Once touted as among the fabled “Asian Tigers”, the Taiwan economy has fallen dramatically behind its counterparts including Singapore, Hong Kong and South Korea.
Today Online 

Singapore’s Fullerton Health enters PH market with Intellicare acquisition
Singapore-based integrated healthcare platform Fullerton Health has entered the Philippine market after completing its acquisition of a 60 per cent stake in health maintenance organisation (HMO) firm Intellicare Group.

Myanmar green lights formation of Singapore firm-backed credit bureau JV
The Central Bank of Myanmar has issued a licence to Myanmar Credit Bureau Limited, a joint venture between the Myanmar Bank Association and Singapore’s Asian Credit Bureau Holdings (previously NSP Holdings) to operated as the country’s first such institution to enable banks to assess risks.

Singapore PM pays courtesy call on Dr M
Singapore Prime Minister Lee Hsien Loong has paid a courtesy call on freshly-appointed Prime Minister Tun Dr Mahathir Mohamad.
The Star Online 

Does Mahathir Mohamad’s return to power in Malaysia mean Singapore will soon find itself fending off – once again – the veteran leader’s grand plan for a so-called crooked bridge between the two countries?
South China Morning Post

Singapore companies’ earnings could jump 14% in 2018: Morgan Stanley
An equity strategist forecasted that he added that it could grow further by 10% in 2019.
Singapore Business Review

53 piracy websites blocked in battle to curb copyright breach
Fifty-three piracy websites, including The Pirate Bay, KickassTorrents and have been blocked in Singapore following the most sweeping action taken by copyright holders here in more than a decade.
The Straits Times 

Forgiveness: A Neglected Weapon of the Government
In the ruthless cut-throat world of politics, there comes a time when forgiveness is the only way to pursue a bigger cause and forge a path forward.
The Independent Singapore 

Malaysian firms offer 6% discounts ahead of GST removal on June 1
PETALING JAYA Businesses in Malaysia have begun putting up 6 per cent discount offers in response to the Government’s decision to zero rate the goods and services tax (GST) from June 1.
The New Paper 

Commentary: Our society needs more data knights in shining armour
A few years ago in a little town in Sweden, a serial killer was on the loose.
He randomly shot at people standing at bus stops or sitting in their cars, killing one and wounding many others.
Channel NewsAsia 

Anyone can succeed in Singapore, regardless of family background: Shanmugam
It is possible to bring up a child to succeed in Singapore despite challenging family circumstances including single parenthood, said Law and Home Affairs Minister K Shanmugam on Sunday (May 20) as he reiterated the importance of individual responsibility in society.
Today Online

Hwa Chong Institution raises over $58k for charity
With sweat trickling down their faces, a group of students paddled hard on 12 rowing machines in a race against time. They endured sore muscles and braved stares as they were not in the confines of a gym but in a shopping centre.
The Straits Times 

More mosquitoes, more cases expected in warmer months ahead: NEA
The mosquito population is expected to increase along with the number of dengue cases in the warmer months ahead, the National Environment Agency (NEA) said in a media release on Sunday (May 20).
Channel NewsAsia 

New taxi orders, return of drivers: Are cab operators getting back on track?
When his contract with ride-hailing giant Grab ends in a month’s time, Mr Gregory Lim intends to give up his Mazda 3 for a Prius Hybrid taxi from SMRT – reversing a move he made last year.
Channel NewsAsia 

Rising development charges cooling en bloc fever
The rash of successful en bloc sales has pushed up development charge rates, which have become a key factor for developers to consider when deciding what to buy.
Channel NewsAsia (video)

Helping S-chips regain their mojo
CHINA companies seeking to raise funds by listing in Singapore will soon have to rope in state-owned enterprises (SOE) or mainland cornerstone investors, as Singapore Exchange Regulation (SGX RegCo) tries to win back the lost trust in S-chips.
The Business Times 

Rate hikes put heat on REITs
Nearly 80% of REITs are currently hedged, with only a minimal 9% of debts expiring this year.
Rate hikes are threatening yield instruments, but Singapore REITs are poised to mitigate the risks, RHB Research analyst Vijay Natajaran said.
Singapore Business Review 


Feature photo Michael Coghlan


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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