Singapore Morning News For May 3

Singapore Has Just Become Asia’s Best-Performing Stock Market
There’s been lots of competition for the title of Asia’s best-performing stock market this year. Among the major equity indexes in the region, eight have climbed to records in the first four months alone.
— Bloomberg

Singapore’s manufacturing expands for 20th straight month
SINGAPORE’S manufacturing sector saw its 20th straight month of expansion in April, though the rate of growth has steadied over the last six months, according to figures out on Wednesday.
— The Business Times

Technology and an ageing Singaporean population
As the only country across the globe that has the label ‘Smart Nation’ attached to it, Singapore is known for widespread integration of science and technology into its economic and social fabric.
— The Asean Post

Scottish processors to benefit from Singapore import changes
An update to import policies by the Agrifood and Veterinary Authority of Singapore (AVA) could see Scottish meat exporters benefit.
— GlobalMeat

Singapore first in Southeast Asia to get Vivo’s X21 smartphone with in-display fingerprint sensor
Chinese smartphone maker Vivo on Wednesday (May 2) launched the X21, its flagship smartphone with the highly anticipated in-display fingerprint sensor technology.
— Channel NewsAsia

Singaporean finance minister outlines ways for sustainability
The Singaporean Finance Minister Heng Swee Keat shared here Wednesday his thoughts on three ways for maintaining sustainability in the city-state.
— Xinhua Net

PM Lee highlights impact of technological disruption in May Day Rally speech
“I know that it is not easy to change. I know it is coming fast and furious, and many workers worry about the pace of change. But the Government and the Labour Movement, we will walk with you and support you all the way.”
— Open Gov Asia

Singapore top in Asia for adult full-time employment
Singapore has emerged as the top Asian economy in adult full-time employment, says a new survey.
— The Straits Times

40% of load collected from blue recycling bins in Singapore tainted: NEA
What is collected from these bins is meant to be sorted and taken to recycling plants for processing, but much of it is made up of items like food and liquid waste.
— Channel NewsAsia (video)

ASEAN Cybersecurity in the Spotlight Under Singapore’s Chairmanship
While there were a whole range of security issues discussed at the 32nd ASEAN Summit held in Singapore over the weekend, one area that got significant emphasis was the cyber domain.
— The Diplomat (paywall)

May Day Rally 2018: Here are 5 important things you should know
In conjunction with the recent May Day celebrations on Tuesday (May 1), Prime Minister Lee Hsien Loong delivered his annual May Day speech at D’Marquee in Downtown East.
— Business Insider

Death of NSF Dave Lee: Committee of Inquiry convened, chaired by MOE cluster superintendent
A Committee of Inquiry (COI) has been convened to investigate the circumstances leading to the death of full-time national serviceman Dave Lee, said the Ministry of Defence (MINDEF) on Wednesday (May 2).
— Channel NewsAsia

Uber app to cease after this weekend; competition watchdog yet to complete probe into Grab-Uber merger
The Uber app will cease here after this weekend, ending the American company’s five-year foray into Singapore’s taxi market.
— The Straits Times

Innovid chooses Singapore for its first Asia office and names Henry Schenker as vice president
Video marketing platform Innovid has expanded into Asia Pacific after opening an office in Singapore.
— The Drum

Analysts: Developers remain keen to grow land bank in Singapore
An Insights and Analysis report by DBS bank said that by pouring $1.6 billion into three residential sites, foreign and local property developers have shown that they are keen to grow their land bank. The report added that the Cuscaden Road development may test records when it launches.
— The Independent Singapore

Helicap raises US$1.5M seed funding round led by Singapore’s ex-minister of state Teo Ser Luck
Singapore-based fintech startup Helicap today announced that it has raised US$1.5 million in seed funding round led by the country’s former Minister of State for Manpower Teo Ser Luck.
— e27

Western Union branch robber jailed 4 years and 9 months
The knife-wielding robber who made off with several hundreds of dollars from a Western Union branch last August was jailed for four years and nine months on Wednesday (May 2), after he pleaded guilty to the charges.
— Today Online

Singapore tourist attractions using data to enhance offerings
The Singapore Tourism Board plans to expand its data analytics platform, which can draw insights such as tourist visitor times at attractions like Gardens by the Bay, in an effort to boost the local market.
— Channel NewsAsia (video)

Singaporean IT leaders willing to pay experienced tech staff higher starting salaries in 2018: Robert Half report
Singapore’s leaders in information technology (IT) apparently have no qualms about offering top professionals in the sector higher starting salaries in a bid to secure talent in a market short on relevant skills, according to a recent study.
— Business Insider

Singaporean on list of most influential Asian Americans
A Singaporean has been named on a list of the 100 most influential Asian Americans and Pacific Islanders (AAPI).
— The Straits Times

Singtel and Razer join forces to roll out e-payment network in South-east Asia
Telecommunications firm Singtel and local gaming firm Razer have teamed up to create what they hope will become the largest e-payment network in the region.
— Today Online

Healthcare firm poised to help create higher value jobs
Singapore’s role as an international hub is set to develop further, particularly in the pharmaceuticals industry as global companies increase their output and advance automation in their plants.
— The Straits Times

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.

Singapore Morning News For May 3 added by Leakhena Khat on May 3, 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.