Singapore morning news for November 14

Singapore morning news for November 14

Singapore morning newsFacebook refuses to remove PM article, saying it has no policy prohibiting alleged falsehoods
Facebook has said it does not have a policy that prohibits alleged fake news, after calls to remove a post making allegations against Prime Minister Lee Hsien Loong and the Government in relation to the 1Malaysia Development Berhad (1MDB) scandal.
— Straits Times

Asean-led free trade deal pushed back to 2019
An Asean-led bid to complete the world’s largest trade deal – without the United States – was pushed back to 2019 after Asia-Pacific trade ministers failed to agree on key terms at a Singapore summit.
— Straits Times

LTA impounds e-scooters from PMD-sharing operators for flouting regulations
A total of 42 personal mobility devices (PMD) from three PMD-sharing operators have been impounded by the Land Transport Authority (LTA) for flouting the Parking Places Act after they were found available for hire at public spaces.
— Today Singapore

Better access for S’pore firms to China’s legal, shipping, construction sectors under expanded free-trade deal
Singapore firms are set to have greater access to China’s legal, maritime and construction sectors, and improved market access for goods entering China, under an enhanced free-trade deal three years in the making.
— Today Singapore

Kaspersky Lab invests millions, officially launches transparency initiative
Kaspersky Lab has started to officially process data in Switzerland alongside opening its first Transparency Centre in Zurich during the first phase of its US$12 million investment in regaining trust.
— Channel Asia

FBI accuses Singaporean trader of laundering money for North Korea
A Singaporean trader wanted by the FBI for allegedly helping North Korean entities evade US sanctions has flatly denied “all charges” against him.
— BBC News

In Singapore, Trudeau makes his case for boosting Asian trade
Prime Minister Justin Trudeau began laying out his case for closer trade ties with Asian nations Tuesday, and issuing a challenge to domestic businesses to not disappear once the ink dries on any government-struck agreements.
— The Globe and Mail 

Doctor who switched boyfriend’s HIV blood sample jailed 2 years
A 36-year-old medical doctor who swapped his blood sample in place of his HIV-positive American boyfriend’s so that the latter could get an employment pass has been sentenced to two years’ jail.
— Yahoo News

High fuel prices send SIA’s Q2 profits tumbling 81%
NATIONAL carrier Singapore Airlines’ bottom line headed south for the second quarter, with net profit tumbling to S$56 million from a restated profit of S$293 million a year ago, due to a combination of well-flagged, adverse factors by the analyst fraternity.
— The Business Times

MAS launches US$5b kitty to woo fund managers to drop anchor here
THE Monetary Authority of Singapore (MAS) is making a US$5 billion move to anchor fund managers in Singapore, in preparation for a scale-up in private market activity.
— The Business Times

Time to relook updated training for seafarers
IT APPEARS that the rules governing the way seafarers train and obtain their qualifications could soon be changing.
— The Business Times

SGX moves to T+2 securities settlement cycle starting Dec 10
THE Singapore Exchange (SGX) will launch a new securities settlement and depository framework and system on Dec 10, which will reduce settlement cycles from three to two days (T+2) and enable simultaneous settlement of money and securities.
— The Business Times

Chinese leader thanks S’pore, its businesses for support
Chinese Premier Li Keqiang yesterday thanked Singapore and its businesses for taking part in China’s reform and opening up in the 40 years that have passed since Chinese leader Deng Xiaoping’s first official visit here in 1978.
— Straits Times

Appreciation for S’pore’s help in reclaiming 1MDB-linked funds
Malaysian Prime Minister Mahathir Mohamad said he appreciates Singapore’s role in helping his country reclaim monies laundered from troubled state fund 1Malaysia Development Berhad (1MDB).
– Straits Times

Now you can pick up Qoo10 parcels at 7-Eleven and nationwide lockers
People who buy items on e-commerce platform Qoo10 Singapore will be able to pick up their parcels at a nearby 7-Eleven store, as well as the nationwide common parcel locker system.
— Straits Times

New centre to focus more efforts on countering myopia
The fight against myopia, or short-sightedness, is set to receive a boost with a new centre that will focus on initiatives to prevent, control and treat the condition.
— Straits Times

Time to relook updated training for seafarers
IT APPEARS that the rules governing the way seafarers train and obtain their qualifications could soon be changing.
— The Business Times

High fuel prices send SIA’s Q2 profits tumbling 81%
NATIONAL carrier Singapore Airlines’ bottom line headed south for the second quarter, with net profit tumbling to S$56 million from a restated profit of S$293 million a year ago, due to a combination of well-flagged, adverse factors by the analyst fraternity.
— The Business Times

MAS launches US$5b kitty to woo fund managers to drop anchor here
THE Monetary Authority of Singapore (MAS) is making a US$5 billion move to anchor fund managers in Singapore, in preparation for a scale-up in private market activity.
— The Business Times

SGX moves to T+2 securities settlement cycle starting Dec 10
THE Singapore Exchange (SGX) will launch a new securities settlement and depository framework and system on Dec 10, which will reduce settlement cycles from three to two days (T+2) and enable simultaneous settlement of money and securities.
— The Business Times

Chinese leader thanks S’pore, its businesses for support
Chinese Premier Li Keqiang yesterday thanked Singapore and its businesses for taking part in China’s reform and opening up in the 40 years that have passed since Chinese leader Deng Xiaoping’s first official visit here in 1978.
— Straits Times

Appreciation for S’pore’s help in reclaiming 1MDB-linked funds
Malaysian Prime Minister Mahathir Mohamad said he appreciates Singapore’s role in helping his country reclaim monies laundered from troubled state fund 1Malaysia Development Berhad (1MDB).
— Straits Times

Now you can pick up Qoo10 parcels at 7-Eleven and nationwide lockers
People who buy items on e-commerce platform Qoo10 Singapore will be able to pick up their parcels at a nearby 7-Eleven store, as well as the nationwide common parcel locker system.
— Straits Times

New centre to focus more efforts on countering myopia
The fight against myopia, or short-sightedness, is set to receive a boost with a new centre that will focus on initiatives to prevent, control and treat the condition.
— Straits Times

Commuters feel that LTA’s new security measures at MRT stations are unnecessary and time consuming
The Land Transport Authority (LTA) began the new security screening trials yesterday at MRT stations. The six stations selected for the trial include Little India, Bedok, Ang Mo Kio, Bukit Panjang and Yishun stations where some commuters are selected to walk through a metal detector and have their bags x-rayed.
— The Online Citizen

Employment agent who advertised maids on Carousell fined S$20,000
An employment agent who took to online marketplace Carousell to advertise maids on behalf of her agency SRC Recruitment was on Tuesday (Nov 13) fined S$20,000.
– Channel News Asia

Coming soon: Charge your electric vehicles in just 30 minutes at ComfortDelGro’s new charging station
Charge an electric vehicle (EV) in just 30 minutes? That might be possible with the Republic’s first Direct Current (DC) fast charging service that transport giant ComfortDelGro hopes to introduce.
— Today Singapore

New S’pore-China FTA gives S’pore firms more opportunities in China, also allows Chinese parcel delivery service to operate here
Singapore is hosting the Asean and East Asia Summits, and it seems like half the world is invited.
— Mothership

Resist the AI hype: Annabelle Kwok tells govtech
When the second Artificial Intelligence (AI) “winter” happened in the 1990s, Annabelle Kwok was just a baby. AI weathered two “winters” in the 1980s and 1990s, when overhype surrounding the tech culminated in extended periods of reduced funding and decrease in interest for AI research.
— Gov Insider

China has conditions to ‘energise’ market, will continue to open up: Premier Li Keqiang
Despite its slowing economy, China will continue to open up its market while streamlining its business and tax regulations instead of relying on economic stimulus.
— Straits Times

Asean-led free trade deal pushed back to 2019
An Asean-led bid to complete the world’s largest trade deal – without the United States – was pushed back to 2019 after Asia-Pacific trade ministers failed to agree on key terms at a Singapore summit.
– Straits Times

LTA impounds e-scooters from PMD-sharing operators for flouting regulations
A total of 42 personal mobility devices (PMD) from three PMD-sharing operators have been impounded by the Land Transport Authority (LTA) for flouting the Parking Places Act after they were found available for hire at public spaces.
— Today Singapore

Surgical fee benchmarks will help patients make more informed decision
Supporting the introduction of fees benchmark for more than 200 common surgical procedures on Tuesday (Nov 13), the Republic’s consumer watchdog and several professional bodies said it was a “good step” and would help patients make more informed decisions.
— Today Singapore

Charities received $2.9 billion in donations in 2016
Charities here pulled in a substantial $2.9 billion in donations in 2016, the highest sum since at least 2008. The sum is 61 per cent more than the $1.8 billion received in 2008.
— The New Paper

4G leaders likely to helm PAP’s second-in-command positions after Shanmugam distances himself from the post: Analysts
With Law and Home Affairs Minister K Shanmugam dismissing speculation that he will be appointed to one of two second-in-command positions in the ruling party, some analysts said on Tuesday (Nov 13) that this could pave the way for fourth generation leaders to helm both posts, in a move that underlines the urgency of leadership renewal in the People’s Action Party (PAP).
— Today Singapore

President Halimah & Putin break ground for new Russian Cultural Centre & Orthodox church
President Halimah Yacob and Russian President Vladimir Putin co-officiated the groundbreaking ceremony of a new Russian Cultural Centre as well as an Orthodox church on Tuesday (Nov. 13).
— Mothership

Commuters feel that LTA’s new security measures at MRT stations are unnecessary and time consuming
The Land Transport Authority (LTA) began the new security screening trials yesterday at MRT stations. The six stations selected for the trial include Little India, Bedok, Ang Mo Kio, Bukit Panjang and Yishun stations where some commuters are selected to walk through a metal detector and have their bags x-rayed.
– The Online Citizen

Employment agent who advertised maids on Carousell fined S$20,000
An employment agent who took to online marketplace Carousell to advertise maids on behalf of her agency SRC Recruitment was on Tuesday (Nov 13) fined S$20,000.
– Channel News Asia

Better access for S’pore firms to China’s legal, shipping, construction sectors under expanded free-trade deal
Singapore firms are set to have greater access to China’s legal, maritime and construction sectors, and improved market access for goods entering China, under an enhanced free-trade deal three years in the making.
— Today Singapore

Coming soon: Charge your electric vehicles in just 30 minutes at ComfortDelGro’s new charging station
Charge an electric vehicle (EV) in just 30 minutes? That might be possible with the Republic’s first Direct Current (DC) fast charging service that transport giant ComfortDelGro hopes to introduce.
— Today Singapore

New S’pore-China FTA gives S’pore firms more opportunities in China, also allows Chinese parcel delivery service to operate here
Singapore is hosting the Asean and East Asia Summits, and it seems like half the world is invited.
– Mothership

HDB launches more than 7,000 flats for sale
The Housing & Development Board (HDB) launched 7214 flats under the Built-to-Order (BTO) and Sales of Balance Flats (SBF) exercise for November, an announcement revealed.
— Singapore Business Review

Resist the AI hype: Annabelle Kwok tells govtech
When the second Artificial Intelligence (AI) “winter” happened in the 1990s, Annabelle Kwok was just a baby. AI weathered two “winters” in the 1980s and 1990s, when overhype surrounding the tech culminated in extended periods of reduced funding and decrease in interest for AI research.
– Gov Insider

China has conditions to ‘energise’ market, will continue to open up: Premier Li Keqiang
Despite its slowing economy, China will continue to open up its market while streamlining its business and tax regulations instead of relying on economic stimulus.
– Straits Times

Surgical fee benchmarks will help patients make more informed decision
Supporting the introduction of fees benchmark for more than 200 common surgical procedures on Tuesday (Nov 13), the Republic’s consumer watchdog and several professional bodies said it was a “good step” and would help patients make more informed decisions.
– Today Singapore

4G leaders likely to helm PAP’s second-in-command positions after Shanmugam distances himself from the post: Analysts
With Law and Home Affairs Minister K Shanmugam dismissing speculation that he will be appointed to one of two second-in-command positions in the ruling party, some analysts said on Tuesday (Nov 13) that this could pave the way for fourth generation leaders to helm both posts, in a move that underlines the urgency of leadership renewal in the People’s Action Party (PAP).
— Today Singapore

President Halimah & Putin break ground for new Russian Cultural Centre & Orthodox church
President Halimah Yacob and Russian President Vladimir Putin co-officiated the groundbreaking ceremony of a new Russian Cultural Centre as well as an Orthodox church on Tuesday (Nov. 13).
—  Mothership

APAC leads in global AUM share, GIC & Temasek among top 20 asset owners
Assets under management (AUM) of Asia-Pacific’s asset owners topped $6.75 billion in 2017, accounting for 36 per cent of the AUM of the world’s 100 biggest asset owners, according to the latest report released by Willis Towers Watson’s Thinking Ahead Institute.
— Deal Street Asia

 

Feature photo National Heathcare Group

This week’s Singapore morning news feature photo acknowledges World Diabetes Day, November 14. 

 

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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With a decade of experience as an editor and journalist, Roy has edited mastheads across Australia and Southeast Asia, from the remote island communities of the Torres Strait to Cambodia’s only award-winning newspaper, The Phnom Penh Post.

A a professional photographer since the days of film, he holds a Bachelor of Arts in Photomedia and a Postgraduate Diploma in Journalism.

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