Singapore Morning News For May 28

Singapore Morning News For May 28

Singapore morning newsGovernment to provide premium subsidies for enhanced severe disability insurance scheme
Singaporeans will receive premium subsidies for an enhanced ElderShield scheme that is expected to be implemented in 2020.
Channel NewsAsia 

Jaguar Owner Finds Out How Tough Singapore Road Rules Are (HD video)
he strict conformity rules under which Singaporeans live is no secret. The city-state stands head and shoulders above the rest of its Asean fellows when it comes to compliance with rules and regulations, and Singapore road rules are no different. Miscreants are not tolerated lightly and strict penalties face those who break them.
AEC News Today (video)

Straits Times responds after 1MDB whistleblower Xavier Justo alleges 2015 interview was scripted
The Straits Times on Sunday (May 27) responded to a report in The Edge Malaysia which claimed that an interview given to it by whistleblower Xavier Justo was scripted.
Channel NewsAsia 

NO FREE RIDE FOR SINGAPORE’S GRAB AFTER UBER EXITS SOUTHEAST ASIA
Just when it appeared Grab would have a wide-open road in Southeast Asia, the Singapore-based ride-hailing firm is now facing a new regional competitor and potential roadblocks from antitrust regulators.
South China Morning Post

Prudential Singapore to pay at least S$2.2m to all customers hit by wrong GIRO deductions
PRUDENTIAL Singapore on Saturday said that it would pay S$100 to each customer whose GIRO deduction date for their monthly insurance premiums fell on Thursday.
The Business Times 

MAS issues warning over unauthorised digital token exchanges and ICO
The offer or issue of digital tokens in Singapore is regulated by MAS if the digital tokens constitute products regulated under the Securities and Futures Act.
Open Gov Asia 

Trump still sees Jun 12 Singapore summit with Kim
US President Donald Trump said Saturday (May 26) that things are moving “very nicely” towards a summit on Jun 12 in Singapore with North Korean leader Kim Jong Un.
Channel NewsAsia 

Adani in talks to buy Shree Renuka Sugars from Singapore’s Wilmar
The Adani Group may acquire the sugar business of Shree Renuka Sugars Ltd, India’s largest sugar manufacturer, from Wilmar Sugar Holdings, a senior company executive told Mint.
DealStreetAsia 

Singapore and US armies share expertise on handling improvised explosives, in Hawaii exercise
The Singapore and US armies have, for the first time, shared expertise on handling Improvised Explosive Devices (IED) during an annual bilateral exercise in Hawaii which ended on Sunday (May 27) afternoon.
The Straits Times 

Q1 tourist arrivals up 7.1%
After two consecutive years of record highs in visitor arrivals and tourism spending, the Singapore Tourism Board (STB) is “cautiously optimistic” about the streak continuing.
The New Paper 

Biophilic design key to making Singapore a city in a garden
Having long been known as the Garden City, Singapore has now set its sights on becoming a City in a Garden.
Today Online 

Singapore’s ComfortDelGro says $220m Uber deal is off
ComfortDelGro, Singapore’s largest taxi operator, and ride-hailing giant Uber have mutually agreed to dissolve a deal that involved the former buying 51 per cent of the latter’s car rental unit in Singapore.
DealStreetAsia

innovfest unbound returns to Singapore in its fourth year, expecting biggest turn-out yet
innovfest unbound, Southeast Asia’s largest, most exciting and award-winning innovation festival, will be celebrating its fourth year of connecting disruptive innovations and encouraging entrepreneurship in Asia.
AEC News Today/ PR Newswire (media release)

Mazars faces possible actions by Acra over Midas auditing
MAZARS LLP could face possible actions by Singapore’s Accounting and Corporate Regulatory Authority (Acra) over its audit of scandal-hit Midas Holdings.
The Business Times

Settling-in programme for new foreign workers to start in October
The mandatory one-day course will educate new foreign workers on Singapore’s employment regulations and laws, as well as avenues of help.
Channel NewsAsia (video)

Where reading rooms meet advanced tech
Singapore’s Tampines Library mixes the best of a traditional book repository with robots, apps and even hands-on prototype modelling
The Nation 

Malaysia: Wake up call for Singapore’s civil service
Can Singapore learn from the latest Malaysian experience? Should the day come when there is a change of government, will the civil and public services be up to the task of carrying out a smooth transition?
The Independent Singapore

DBS to build and implement Carousell’s mobile wallet CarouPay
SINGAPORE’S largest bank, DBS, has emerged as more than just a financial investor in Carousell. DBS will work with the online classifieds startup to build and implement the latter’s new mobile wallet, CarouPay, The Business Times has learnt.
The Business Times 

Commentary: Inequality has a geographic dimension – between and within neighbourhoods in Singapore
The two weeks of intense discussion on the presidential address in parliament has unanimously pointed to the danger of inequality and hardening social mobility in Singapore.
Channel NewsAsia 

Blackstone acquires La Quinta Resort from Singapore’s GIC: Report
Global private equity giant Blackstone has acquired luxury property La Quinta Resort & Club and PGA West near Palm Springs, California from Singapore’s sovereign wealth fund GIC for an undisclosed amount.
DealStreetAsia 

Imposing parking fees on teachers is about Government’s ‘self-discipline’: Ong Ye Kung
The decision to impose parking fees on teachers at all schools stems from the Government’s duty to abide by a “system of internal self-discipline”, said Education Minister Ong Ye Kung on Friday (May 25).
Today Online 

Labour movement seeks opinions on parliamentary debate in yet another internal survey leaked by whistleblower
National Trades Union Congress (NTUC) has allegedly sought the opinions of its members on the recently concluded parliamentary debate on the President’s Address, that set the tone for the second session of the current 13th Parliament of Singapore.
The Independent Singapore

Six things you should know about CareShield Life, the enhanced ElderShield scheme
The Government has accepted recommendations made by a committee that reviewed long-term care insurance scheme targeted at severe disability, ElderShield. Here is what you should know about the enhanced scheme, to be called CareShield Life.
Channel NewsAsia 

 

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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