Singapore Morning News For May 4

Loss of RM209 billion if KL-Singapore HSR cancelled
Malaysia will lose an estimated RM209 billion in gross national income (GNI) contribution if the Kuala Lumpur-Singapore High-Speed Rail is called off, MyHSR Corporation said.
— Free Malaysia Today

MAS to hold Singapore FinTech Festival with focus on ASEAN
The Monetary Authority of Singapore (MAS) announced that the third edition of the Singapore FinTech Festival will be held from 12 to 16 November 2018 in Singapore. With Singapore’s Chairmanship of ASEAN in 2018, the Festival will highlight FinTech developments and opportunities in ASEAN.
— Open Gov Asia

Singapore firms struggling to keep up with security patches
Singapore organisations are struggling to cope with the volume of security patches, with 78 percent saying they lack adequate resources to keep pace and 74 percent citing the inability to take critical systems offline so these can be patched quickly.
— ZDNet

Singtel, Razer to create SEA’s largest e-payments network
Singtel Group and gaming hardware manufacturer Razer have entered an agreement to collaborate in the areas of e-payments, eSports and gaming related digital media and telecoms services in the Southeast Asian region.
— Telecomasia.net

Police officers to get specialised smartphone with custom-built apps
About 8,000 frontline police officers will eventually carry a specialised smartphone with custom-built apps that will help with their work, the Singapore Police Force (SPF) revealed on Thursday (May 3).
— Channel NewsAsia

Ministers have ‘ultimate decision-making responsibility’, must not be sidetracked by vocal minority: Shanmugam
Ministers have the “ultimate decision-making responsibility” to consider what is right, what is good for society, and not be sidetracked by a vocal minority, Law and Home Affairs Minister K Shanmugam said on Thursday (May 3).
— Channel NewsAsia

Singapore banks need to relook support for coal
Globally, governments are rethinking their plans for coal as they realise its heavy price.
Singapore banks need to reconsider their support for coal (S’pore banks big funders of region’s coal projects: Study; Jan 21). Coal is the energy source that generates the most carbon emissions, air pollution and waste ash.
— The Straits Times

Cyber Security Agency of Singapore launches second National Cybersecurity Awareness Campaign
The campaign will focus on communicating to the public four important cybersecurity tips, namely to (i) use an anti-virus software, (ii) use strong passwords and enable Two-Factor Authentication (2FA), (iii) spot signs of phishing and (iv) update their software as soon as possible.
— Open Gov Asia

1,300 passengers affected after Genting Dream cruise cancelled over technical issues
A total of 1,300 passengers were affected when a Genting Dream cruise was cancelled on Wednesday (May 2) due to technical issues.
— Channel NewsAsia

MyRepublic offers mobile services in Singapore after partnership with StarHub
MyRepublic announced on Thursday (May 3) that it has formed a Mobile Virtual Network Operator (MVNO) partnership with StarHub.
— Asia One

Singapore’s Manhattan remains Asia’s number one bar
Manhattan bar at The Regent Singapore cemented its status as the continent’s premier bar, retaining its top spot on the annual ranking of Asia’s 50 Best Bars for the second year running.
— The New Paper

Enterprise Singapore CEO on how Singapore companies can capture opportunities in ASEAN
At the ASEAN Conference, CEO of Enterprise Singapore Mr Png Cheong Boon spoke about the opportunities in ASEAN and how Enterprise Singapore can support businesses to capture these opportunities.
— Open Gov Asia

KL-Singapore HSR to create seven mega cities
The Kuala Lumpur-Singapore High-Speed Rail (KL-SG HSR) project will create seven mega cities in Malaysia upon its completion in December 2026, said MyHSR Corporation chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal.
— The Borneo Online

Sixty main civil work packages of Kuala Lumpur-Singapore High Speed Rail to be awarded to Malaysian firms
More than 60 civil work packages of the Kuala Lumpur-Singapore High Speed Rail will be awarded to Malaysian companies, said the Malaysian rail project delivery vehicle MyHSR Corporation on Thursday.
— Xinhua Net

Singtel and Razer to create one of the largest connected e-payment networks in south-east Asia
Mobile wallet users of Singtel and its regional associates will be able to access Razer’s e-payment merchant network of over a million payment points, the zGold virtual credit system, and Razer’s full suite of gamer-related digital services.
— Open Gov Asia

SAF to ‘continue to evaluate’ new ways to prevent heat injury after death of NSF Dave Lee
The Singapore Armed Forces (SAF) will continue to evaluate new solutions to the “vexing problem” of heat injuries during training, Commander of the Army Training and Doctrine Command, Brigadier-General (BG) Kenneth Liow, said on Thursday (May 3) in a reply to three forum letters that recently ran in the Straits Times.
— Channel NewsAsia

Singapore Inc needs X-factor to take wing beyond home market
the X-factor for Singapore Inc. Singapore firms need “something special” to step up to the international stage and to transform into companies like those from Switzerland and China, which manufacture quality products sold around the world, said Minister for Finance Heng Swee Keat.
— The Business Times

Number of clubs with jackpot machines down one-third as stricter regulations bite
The number of clubs operating jackpot machines have fallen by a third since the Government clamp down last year on clubs paying lip service to conditions for operating slots by making jackpot gambling the main activity on their premises.
— Today Online

Man fined $48,000 for not seeking treatment for sick dogs
A man was fined $48,000 on Wednesday for failing to bring his sick pets to the veterinarian.
— The Independent Singapore

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 4 added by Leakhena Khat on May 4, 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.