Singapore morning news for November 22

Singapore morning news for November 22

Singapore morning newsSingapore-based website The Online Citizen goes on ‘hiatus’ after government raid
The Online Citizen which claims to be Singapore’s “longest-running independent online media platform” has found itself in the thick of an investigation around defamation.
— Mumbrella Asia

Singapore’s first bitcoin trial begins, with dispute on trades allegedly reversed wrongfully
The trial for Singapore’s first legal dispute involving the cryptocurrency bitcoin started on Wednesday (Nov 21), with a court expected to decide whether a number of trades done in April last year had been wrongfully reversed – leading to proceeds deducted allegedly without authorisation.
— The Star Online

Singapore, India stress on freedom of navigation
India and Singapore on Tuesday reiterated the need for all countries to maintain freedom of navigation and overflight consistent with international law, including the United Nations Convention on the Law of the Sea, in the backdrop of China’s aggressive behaviour in the South China Sea.
— The Times Of India

Singapore lawmaker blasts FB over refusal to take down ‘false’ post on 1MDB
A Singapore lawmaker hit out at Facebook yesterday, saying it had reneged on a promise to help rein in fake news and calling for tougher regulations, which the social media firm has cautioned against.
— FMT News

Noble’s restructuring hangs in the balance amid investigations
ONE day after Singapore regulators launched an unprecedented tripartite probe into troubled Noble Group for suspected breaches of securities laws and accounting practices, there appears no clarity on whether the commodity group will be able to forge ahead with its hard-fought debt rescue plan or it risks being upended.
— The Business Times

Singapore announces multi-agency investigation into Noble Group
The $3.5B restructuring of struggling Noble Group hangs in the balance now as Singapore launches a multi-agency investigation into the company’s accounting. Bloomberg’s James Poole reports on “Bloomberg Markets: Asia.” (Video republished to include updated information.) (Source: Bloomberg)
— Bloomberg (video)

Making Asean the next global power-house
ALL eyes are on Asean as the region of 650 million sets its sights on becoming the world’s fourth-largest economy by 2050. As economic and digital integration accelerate, it becomes increasingly apparent that power will be the underlying force that will hypercharge the region’s growth.
— The Business Times

Singapore among choice locations for finance companies
HONG Kong, Tokyo and Singapore are choice destinations in the region for finance companies to be based, a study said, with the financial services sector expected to continue to play a key role in growth for the region.
— The Business Times

The good news hidden in China’s slowing economy
There’s good news hidden in China’s tumbling stock markets and slowing economy.
— Straits Times

Singapore: Government must end harassment of online news platform targeted over critical article
A news editor facing a criminal investigation over an article that criticized the Singapore government is the latest victim of an escalating crackdown on freedom of expression in the country, Amnesty International said today.
— Amnesty International

Ceremonial welcome for President Halimah
The Singapore flag flew high over Amsterdam’s historic Dam Square yesterday morning as President Halimah Yacob was given a ceremonial welcome to the Netherlands.
— Straits Times

What the changes to the Employment Act mean for you
Parliament passed major amendments to the Employment Act on Tuesday (Nov 20) to cover all employees, signalling a “watershed” moment for efforts to protect workers
— Today Singapore

Singapore, Netherlands to share know-how on environment, water
Amsterdam has been battling floods since it was founded in the 13th century, and the Netherlands has become a leader in waste management and resource recovery.
— Straits Times

Airline of the Year for 2019: Singapore Airlines
Singapore Airlines (SIA) has been named Airline of the Year for 2019 by airline safety and product rating review website AirlineRatings.com.
— Straits Times

Burning Indonesian peat causes haze in Singapore
Every several years, a series of climatic changes called an El Niño affects the Pacific Ocean regions, causing significant drought and fires.
— MIT News

Singapore is the 7th best city globally to find a job
Singapore has emerged seventh among 100 countries in a study of the best cities to find a job released by German relocation company Movinga, scoring 6.741 out of 10.
— Human Resources Online

China developer CFLD cuts staff in Singapore office
BARELY two years after setting up its headquarters here in June 2016 and going on a hiring spree earlier this year, the international arm of Chinese developer China Fortune Land Development (CFLD) has retrenched a number of employees in its Singapore office, The Business Times has learnt.
— The Business Times

How Singapore’s Redmart delivered in online fresh produce
Redmart, Singapore’s leading online grocery service, has improved its performance in the fresh produce category through consumer-led research and technology.
— Fresh Plaza

Non-Muslim S’poreans concerned MAS launching Year of the Boar coins, but Muslims here shrug it off
2018 is the The Year of the Dog and the upcoming 2019 will be the Year of the Pig — or like they call it in Singapore, “the Year of the Boar”.
— Mothership

NTUC Foodfare to take legal action against The Independent Singapore website over ‘false’ reports on hawkers
This is after the socio-political website refused to comply with a letter of demand from the cooperative’s lawyers asking for an apology and the retraction of two published articles that are allegedly defamatory.
— Today Singapore

Parliament: PMD-sharing services to enter Singapore next year
Personal Mobility Device (PMD) sharing could soon become a publicly available transport option.
— The New Paper

AVA advises S’poreans to avoid buying U.S.-imported romaine lettuce & to discard it if in doubt
Singapore’s Agri-food and Veterinary Authority (AVA) has warned Singaporeans to be cautious about eating romaine lettuce, especially any that has been imported from the U.S.
— Mothership

Singapore listed companies among world’s least exposed to cyber threats, finds study
Despite its reputation as one of the most connected countries globally, Singapore’s listed companies are among the least exposed to cyber threats, according to findings from Cyber Intelligence House’s latest Cyber Exposure Index (CEI).
— The Edge

Singapore’s Oct headline inflation seen edging higher to 17-month high: Reuters poll
The city-state’s headline consumer price index probably rose 0.8 percent in October from a year earlier, the poll of 10 economists showed, accelerating from September’s 0.7 percent climb.
— Reuters

Singapore strengthens security ties with Canada through new MoU
The island nation of Singapore has bolstered its operational cybersecurity capabilities following the signing of a Memorandum of Understanding (MoU) with Canada.
— The Daily Swig

Singapore, Netherlands ink environment and water management agreement
Singapore and the Netherlands on Wednesday (Nov 21) signed an agreement to enhance cooperation on environmental and water management.
— Channel News Asia

India, Singapore renew army training pact
Singapore and India have renewed a bilateral agreement that will see the Singapore Army continue to train and conduct exercises in India.
— The Straits Times

South Korea: Messaging Giant Kakao to Attract Crypto Investments in Singapore
Kakao Corp, a major South Korean Internet conglomerate, has established a subsidiary of the company in Singapore to attract foreign investments with cryptocurrencies, Seoul-based media outlet News1 reported Nov. 21.
— Coin Telegraph

Singapore, Kazakhstan to boost economic partnership
Singapore and Kazakhstan aim to strengthen their economic partnership, Emeritus Senior Minister Goh Chok Tong said yesterday as the two countries signed a bilateral investment treaty (BIT).
— The Straits Times

Singapore and the Netherlands share long friendship, common values: President Halimah
Singapore and the Netherlands have a longstanding friendship that goes back to Singapore’s early independence, and they continue to share strong economic ties and a similar outlook on the world, said President Halimah Yacob on Wednesday (Nov 21).
— The Straits Times

PAP likely to announce line-up of top 4G leaders on Friday
Singaporeans will get a good indication of who is most likely to succeed Prime Minister Lee Hsien Loong as People’s Action Party (PAP) leader and the country’s fourth prime minister tomorrow.
— The Straits Times

Food deliveryman arrested in Yishun, e-scooter seized by LTA for exceeding weight limit
Irresponsible e-scooter riders have hogged headlines lately, which probably explains why it has become significant enough to be raised as a topic in Parliament.
— Mothership

Ant Financial plans to open Singapore research centre by March, hire up to 200 engineers to boost SE Asia presence
Ant Financial, the Chinese online payment firm formerly known as Alipay, plans to open a fintech research centre in Singapore by the end of March
— Yahoo Finance

SAF deploys aircraft to Sulawesi to aid in quake humanitarian efforts
The Singapore Armed Forces (SAF) will be deploying a transport aircraft to Indonesia to support rehabilitation and reconstruction efforts following September’s deadly earthquake in Sulawesi.
— Straits Times

Three Singaporeans charged over alleged bribing of Indonesian Embassy official
Three Singaporeans appeared in court on Wednesday (Nov 21) over their alleged roles in a bribery case linked to an Indonesian Embassy official, involving more than $92,000.
— Straits Times

Hong Kong and Tokyo beat Singapore as best finance locations in Asia: report
Its weak 10.7% performance on property factors and modest banking scale dragged its final score.
— Singapore Business Review

New Maybank fund to help needy families in CDCs with financial literacy, matched savings programmes
Breadwinners of needy families will get free personal accident insurance for five years under a new initiative funded by Maybank Singapore and Etiqa Insurance.
— The Straits Times

Why Are Singapore-Listed Bank Stocks Down This Year?
The three major banks in Singapore, DBS Group Holdings Ltd (SGX: D05), United Overseas Bank Ltd (SGX: U11) and Oversea-Chinese Banking Corp Limited (SGX: O39), have each reported higher interest income and net profits for the first nine of months of the year.
— Motley Fool sg (paywall)

Bank of China launches innovation lab in Singapore
The Bank of China Innovation Lab (Singapore) will spearhead and manage regional and global R&D activities. It will establish a training structure to build a pipeline of talents and foster financial innovation and research collaborations with partners such as fintech firms, institutes of higherlearning and the government.
— The Edge

More than $305,000 worth of drugs seized by CNB; three men arrested
Drugs worth more than $305,000 were seized by the Central Narcotics Bureau (CNB) in an operation on Tuesday evening (Nov 20).
— The Straits Times

16 companies hailed as the region’s best exporters at the inaugural Asian Export Awards
Singapore Business Review successfully closed The Asian Exports Awards with a jam-packed event at Conrad Centennial Singapore on 20 November that gathered over 150 guests.
— Singapore Business Review

Living costs pin Singapore down in second place of expat city rankings
Singapore trailed Taipei as the best city for expats in 2018, InterNations revealed in its annual expat city ranking. The two joined Manama, Ho Chi Minh City, Bangkok, Kuala Lumpur, Aachen, Prague, Madrid, and Muscat in the top 10 of 72 cities for expat life.
— Singapore Business Review

MOH told public hospitals to stop paying agents to bring in foreign patients
Upon the orders of the Ministry of Health (MOH), public health institutions (PHI) have ceased contracts with agents for foreign patient referrals.
— Mothership

Public service officers urged to engage Singaporeans to ‘co-create’ solutions
A former top civil servant, National Development Minister Lawrence Wong has this advice for today’s up-and-coming public officers: Don’t just do paperwork behind the desk, but go out and engage stakeholders and Singaporeans.
— The Straits Times

Guidelines become ‘common language’ of search and rescue teams in a disaster
Imagine a scenario where search and rescue personnel from China, Saudi Arabia and Brunei are brought together to carry out relief work.
— The Straits Times

How Beyond Social Services scheme gets rental block residents to help one another
When residents of a rental block in Ang Mo Kio grew worried about a neighbour who was often heard crying, they instantly alerted “Mummy Jan”.
— The Straits Times

Property curbs couldn’t stop ultra-wealthy and foreigners from buying luxury homes in Singapore
Six super luxury homes were sold for $10m and above after the cooling measures
— Singapore Business Review

Daily Briefing: 1 in 5 full-time Singapore workers could lose their jobs to technology; China still a travel-favorite for Singaporeans
Singapore is expected to be hit the most by the technological disruption in Southeast Asia as 21% of the city-state’s full time jobs is expected to be displaced within the next 10 years, according to estimates from the World Economic Forum.
— Singapore Business Review

China developer CFLD cuts staff in Singapore office
BARELY two years after setting up its headquarters here in June 2016 and going on a hiring spree earlier this year, the international arm of Chinese developer China Fortune Land Development (CFLD) has retrenched a number of employees in its Singapore office.
— The Business Times (paywall)

Singapore start-up Sendhelper raises $610,000 to launch jobs matching platform
Singapore-based technology company Sendhelper has raised $610,000 in seed funding, led by Captii Ventures.
— The Straits Times

Singapore’s Sea reports wider loss on e-commerce investment
Sea Ltd, operator of Southeast Asia’s biggest gaming platform, reported a wider third-quarter loss on rising investments at e-commerce unit Shopee.
— The Business Times

MAS unveils 2019 Year of the Boar Chinese Almanac coins
The Monetary Authority of Singapore (MAS) unveiled the 2019 Year of the Boar Almanac coins on Wednesday (Nov 21).
— Straits Times

New independent cinema to open in King Albert Park area
A new cinema is opening in the Bukit Timah Road area in early December.
— The Straits Times

Harry Potter casts a spell on Singapore Airport
You wouldn’t think that an airport regularly named as the world’s best would need any extra magic to help attract air passengers, but Singapore Changi is turning to young wizard Harry Potter for help.
— CNN Travel

MMA: Singapore’s Amir Khan predicts ‘historic win’ for upcoming ONE Championship lightweight title bout
Mixed martial arts (MMA) exponent Amir Khan is a huge fan of boxing legend Muhammad Ali. And like his idol, Khan has a habit of predicting how many rounds it would take to beat his opponent.
— Channel News Asia

Ferrari Owners’ Club S’pore president appealing for members to return 50 or more Louis XIII crystal glasses worth hundreds each
The president of Ferrari Owners’ Club Singapore has apparently sent out a mass email to the supercar’s club members appealing for the return of private property that has gone missing after an event.
— Mothership

Singapore thrash Timor Leste 6-1 to keep Suzuki Cup semi-final hopes alive
Fandi Ahmad’s Singapore hammered Timor Leste 6-1 at the National Stadium on Wednesday (Nov 21) to keep their hopes of progressing to the semi-finals of the AFF Suzuki Cup alive.
— Channel News Asia

 

Feature photo Womens Action

This week’s Singapore morning news feature photo acknowledges International Day for the Elimination of Violence against Women November 25

 

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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