Singapore morning news for November 15

Singapore morning news for November 15

Singapore morning newsChina-backed RCEP trade pact in ‘final stage,’ deal eyed in 2019: Singapore
Negotiations for a major China-backed trade agreement have moved to a final stage and Southeast Asian states involved in the talks are determined to wrap up the deal in 2019, Singapore, current chair of the 10-nation group, said on Wednesday.
— Reuters

Asean fintechs attracted 25% more funding this year: report
Fintech firms based in Singapore attracted 25 per cent more funding in the first 10 months of 2018 over the funding captured in the full year of 2017, with the US$222 million of funding taken up so far making up nearly half of the funding earmarked for fintech within Asean.
— The Business Times

Man who raped teenage daughter gets 26 years’ jail, 24 strokes
A man who raped his daughter repeatedly when she was 14 was sentenced to 26 years’ jail and 24 strokes of the cane on Wednesday (Nov 14).
— Straits Times

Singapore real estate continues to hold value for investors
AFTER years of lacklustre foreign institutional interest in the Singapore commercial property market, Singapore appears to be on the radar of foreign institutional investors again.
— The Business Times

Not born here, but completed national service like every Singaporean son
National service (NS) is often viewed as a rite of passage for all males born here but full-time enlistment in Singapore also comprises thousands of foreign-born men.
— Straits Times

Japan’s Indo-Pacific strategy aligns well with S’pore, Asean priorities: PM Lee
The core principles of Japan’s Free and Open Indo-Pacific Strategy, which seeks to promote the rule of law at sea and build high-quality infrastructure in locations across the Indian and Pacific oceans, align well with Singapore’s and Asean’s priorities, Prime Minister Lee Hsien Loong said yesterday.
— Straits Times

Officer dies after consuming food from Spize restaurant
The Sats officer who fell sick after consuming food from popular restaurant Spize has died on Wednesday (Nov 14).
— Straits Times

Beijing welcomes Singapore’s efforts in promoting ASEAN-China ties
Singapore and China have welcomed a series of bilateral cooperation agreements, the two countries said in a wide-ranging joint statement on Wednesday (Nov 14), as Chinese Premier Li Keqiang continues his official visit to Singapore.
Read more at https://www.channelnewsasia.com/news/singapore/beijing-welcomes-singapore-s-efforts-in-promoting-asean-china-10931362
— Channel News Asia

Zipping through MRT fare gate in a wheelchair
Ten-year-old Parry Tan getting a first-hand experience of how wheelchair users can use hands-free MRT station fare gates yesterday.
— Straits Times

Cut cables disrupt fibre broadband in eastern Singapore
Fibre broadband was disrupted in the eastern part of Singapore yesterday, affecting about 10,000 customers and some might get their services back only today.
— Straits Times

New system to speed up legal aid for the needy from next year
Poor people in need of legal aid may soon get help more quickly.
— Straits Times

China, Singapore agree to deepen ties in various areas
Singapore-China relations have been progressive, forward-looking and strategic, and leaders from both countries have committed to working closer together in a wide range of areas, from science and technology to trade and culture.
— Straits Times

AMKTC bribery trial: Partner had ‘misgivings’ about company’s morals
A company director being tried for bribery became furious when his business partner wanted to withdraw his shares from their firm, and allegedly wanted to report him to the authorities.
— The New Paper

Analogue TV will go off air in less than 50 days
With under 50 days to go until analogue TV signals are turned off, most Singapore households have switched to digital TV – though around a fifth have still yet to do so.
— Straits Times

Teenager scams S$14,000 from Carousell users by pretending to sell tickets to Universal Studios, Bruno Mars concert
A 19-year-old teen has been arrested for allegedly cheating Carousell users of some S$14,000.
— Today Singapore

Paedophile admits sexually assaulting 2 sisters after luring them to his flat
Posing as a Housing Board officer, a 52-year-old paedophile and career criminal tricked a 16-year-old neighbour to his flat, where he sexually assaulted her and recorded the abuse on his mobile phone.
— Straits Times

Durian prices fall due to low customer numbers, expected to dip further
Prices for Mao Shan Wang durians are falling, as vendors in Singapore see a slump in customer numbers.
— Straits Times

Employers rank NUS grads No. 10 in global poll
Graduates from the National University of Singapore (NUS) are among the most employable in the world, a global survey of recruiters published today has confirmed.
— Straits Times

Push for digital tech to power building sector
Software developers, data analysts and designers with virtual reality goggles working in the building sector.
— Straits Times

Local flavours on the menu at ASEAN Summit gala dinner in Singapore
Yu sheng, laksa, kueh pie tee and kaya toast all got a nod at the ASEAN Summit gala dinner hosted by Prime Minister Lee Hsien Loong on Wednesday evening (Nov 14).
— Channel News Asia

Singapore courts stick to rule of law: Chief Justice Sundaresh Menon
Singapore courts, unlike United States courts, are “leery” of going outside the text of the Singapore Constitution in declaring unspecified rights, as it is dissimilar to the US Constitution, which preserves rights not specified in text.
— Straits Times

Free Wi-Fi on 300 SBS Transit buses from February 2019
Soe 300 SBS Transit buses which serve 18 bus services will be be providing free Wi-Fi from February 2019.
— Mothership

Vegetarian food stall in Shenton Way gives discreet 50% discount to workers in cleaning staff uniform
Here’s a nifty, discreet way to do some good without drawing too much attention to the cause:
— Mothership

9 in 10 Singapore family businesses positive on growth
Singapore family businesses are more optimistic than their global and Asia Pacific counterparts (84%) as 89% of them expect to grow in the next two years, the Global Family Business Survey released by PwC found.
— Singapore Business Review

Australia’s Westpac launches Singapore innovation lab
Australian bank Westpac has unveiled an Asia innovation hub called co.lab in Singapore as it aims to ease the growth plans of fintech firms zeroing on Asia’s fast-evolving fintech market.
— Singapore Business Review

Bank of China unveils global fintech innovation lab
It aims to showcase AI, blockchain, big data and cloud technologies.
— Singapore Business Review

Medical inflation in Singapore to hit 10% in 2019
Cancer and cardiovascular issues are pushing the medical plan costs up
— Singapore Business Review

YTL PowerSeraya launches retail arm Geneco amidst opening of Singapore’s electricity market
Its 24-month fixed rate price plans will go head-to-head against 12 other retailers.
— Singapore Business Review

Noticed these new yellow guardrails on BKE? Here’s what they are for
To help improve road safety, new yellow guardrails were installed along a 20-meter stretch at the beginning of the Bukit Timah Expressway (BKE) towards Woodlands.
— Stomp (StraitsTimes)

How Changi Airport is inspiring Singapore’s hospitals
Imagine that a visit to the doctor could be as smooth as checking in at Singapore’s Changi Airport.
— Gov Insider

PM Lee calls for reform of WTO system, notes that ‘further work remains’ for RCEP
THE prevailing World Trade Organisation (WTO) system of global trade must be updated for relevance, Singapore Prime Minister Lee Hsien Loong told Asean leaders and key guests on Wednesday.
— The Business Times

Singapore family businesses upbeat on growth but need better succession plans: PwC
WHILE family businesses in Singapore are optimistic about growth and are keen to keep the business in the family, few have a robust succession plan in place compared to their global counterparts, according to the Global Family Business Survey 2018 released on Wednesday by professional services firm PwC.
— The Business Times

Pavilion Energy eyes role in LNG project backed by Russian tycoon
Temasek-invested Pavilion Energy is mulling over a role in the US$25.5 billion liquefied natural gas (LNG) project dubbed Arctic LNG 2, to be developed by Russia’s largest independent gas producer, Novatek.
— The Business Times

Golden Wall Centre up for collective sale at $260m
Golden Wall Centre in Short Street is up for en bloc sale at $260m, Edmund Tie & Company (ET&Co) revealed. It could be transformed into a mid-sized hotel development.
— Singapore Business Review

Cyber security not just a ‘technical issue’ for IT personnel to handle: CSA CEO
Cyber security should be viewed like the brakes of a car, in that one could “go fast” if one had “good brakes”, said the chief executive officer of the Cyber Security Agency of Singapore (CSA) on Wednesday (Nov 14).
— Today online

Australia’s Belles Hot Chicken pops up in Singapore on Nov 17 and 18
The letters G, B and D are everything to chef Morgan McGlone. Together, they stand for Golden Brown Delicious, what the 44-year-old works hard to achieve in Belles Hot Chicken, his chain of seven fried chicken shops in Sydney and Melbourne
— The Business Times

Singapore Airlines has hard time persuading people to fly economy on world’s longest flight
Singapore Airlines is facing no problem selling business-class tickets on its ultra-long nonstop flights to the United States but is having to price premium economy seats very attractively, a senior executive said on Wednesday.
— Business Insider

CSA chief: IHiS’ IT processes need review
Cyber security should be viewed not as a technical issue but a management issue handled at senior levels, stressed Singapore’s Commissioner of Cybersecurity.
— The New Paper

Drink-driver jailed 10 months for killing woman in crash
Man who killed rag-and-bone collector had been drinking for 9 hours before crash.
— The New Paper

Singapore police deploy robot to patrol ASEAN Summit venue | Video
An autonomous robot has been deployed by the Singapore police to patrol Suntec City, where the 33rd ASEAN Summit is taking place. Tan Si Hui with the benefits it brings.
— Channel News 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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