Singapore morning news for November 5

Singapore morning news for November 5

Singapore morning newsNew Zealand beats Singapore in ease of doing business rankings
Singapore can improve by making property registration and electricity application easier.
— Singapore Business Review

IPO activity disappoints in 2018 as big plans get iced
SINGAPORE is headed for its worst year of IPO activity since 2015, with 13 companies raising just S$715 million in gross proceeds from initial public offerings here so far this year.
— The Business Times

Singapore to scrap motorcycle tolls at Second Link, matching KL’s move
Singapore will match Malaysia’s decision to abolish tolls on motorcyclists next year at the Tuas Second Link, the Ministry of Transport (MOT) said yesterday.
— Straits Times

Singapore gives China a run for its money as it makes headway with its fintech dreams
Singapore is steadily putting the little red dot on the map for its expertise in nurturing fintechs as six homegrown firms made it to the creme dela creme of KPMG’s Fintech100 list.
— Singapore Business Review

Digital divide hurts development
For example, in July, Amazon sold more than 100 million products to consumers worldwide during its annual Prime Day event, a US$4.2-billion bonanza that included sales of table salt in India, Coke Zero in Singapore and toothbrushes in China.
— Bangkok Post

AirAsia opens Singapore-Ipoh route
AirAsia will launch a Singapore-Ipoh service, 2 December, the first international route to Malaysia’s ‘Bougainvillea City’.
— TTR Weekly

Singapore’s open-air food markets challenged by glitzy, upscale restaurants
In food-obsessed Singapore, being a picky eater isn’t a character flaw. It’s a national pastime.
— CBS News

Weber heats up Singapore with first Grill Academy in SEA
If you thought barbecue grills were only meant for skewers, steaks or burger patties, let the experts at Weber show you how can do more than just grilling when you cook with a Weber grill.
— AEC News Today/ PR newswire (media release)

UA double daily to SFO
United Airlines started its second daily nonstop flight between Singapore and San Francisco 28 October.
— TTR Weekly

Singapore will match Malaysia’s move to scrap bike tolls for Second Link in January 2019: MOT
The Republic will match Malaysia’s decision to abolish tolls on motorcyclists next year at the Tuas Second Link, the Ministry of Transport (MOT) said on Sunday (Nov 4).
— The Straits Times

The Public Service: Seeking diversity
n the 1980s, with the first two decades of frantic economy-building behind it, the Singapore government turned to fine-tuning its human resource policies. It tapped what Royal Dutch Shell, the multinational oil company, was already doing. The Civil Service adapted concepts such as the CEP, or current estimated potential, to assess how far individuals could progress within the bureaucracy.
— The Edge

Rethinking the future of retail spaces: Beyond collection of shops, malls need to tailor customer experience
Malls in the near future may need standout features such as a floor-to-ceiling waterfall or a rock-climbing wall, if they want to pull in the crowds.
— The Straits Times

Qualifying cross-border financing deals with Chongqing hit $5.78b in August
Bond issuance by Chinese issuers in Singapore almost doubled in 2017 to reach $18b.
— Singapore Business Review

53-year-old learns to make app for his family business to keep up
In his family business, Anushia Flower Shop, he is the only one that knows how to do this and can tie one up in three minutes.
— The New Paper

Will the GICS reclassification shift investor perception of the FAANG and BAT stocks?
Many years ago, when The Edge Singapore was still in its infancy, I had the good fortune of being seated next to Mark Mobius during a luncheon event. As we ate, I asked the renowned proponent of investing in emerging markets to explain the trailing performance of some his funds.
— The Edge

Singapore gives China a run for its money as it makes headway with its fintech dreams
Six homegrown fintech firms made it to the world’s top 100 with Grab nabbing a place in the top ten.
— Singapore Business Review

Do Singapore and Johor need a third link?
From the tranquil waterfront district of Punggol, the skyline of towering cranes and industrial buildings of Johor’s Pasir Gudang looms across the water.
— The Straits Times

Demand for small flats edging up: OrangeTee study
HOMEBUYERS’ affinity for shoebox units and slightly larger offerings below 800 sq ft has been creeping up, according to an OrangeTee & Tie study on new sales and resales of small apartments between 2008 and 2018.
— The Business Times

Rethinking the future of retail spaces: Beyond collection of shops, malls need to tailor customer experience
Malls in the near future may need standout features such as a floor-to-ceiling waterfall or a rock-climbing wall, if they want to pull in the crowds.
— Straits Times

Chase for wealth sparks family office boom in Hong Kong, Singapore
Rich Chinese and other Asians are increasingly seeking more control of their wealth, driving a rapid rise in the number of so-called family offices, or private investment vehicles, being set up in Hong Kong and Singapore.
— Channel News Asia

Oil and global markets ‘over a barrel’?
How much sway do oil prices have over global risk markets?
— Straits Times

Life In 90s Singapore: Learning to swear, gamble and fight bullies on the school bus
But it was pretty obvious in primary school. I had a ridiculous side parting, and large plastic spectacles that kept slipping off my face, which was always buried in a book.
— Channel News Asia

Security guard held for allegedly molesting maid
A security guard who was supposed to ensure the safety of residents at an executive condominium (EC) in Choa Chu Kang instead allegedly broke into a unit, molested one of its occupants and threatened her with a pair of scissors.
— Straits Times

Minister Masagos: Tampines will be a dead town if hawker centre stops operating 24 hours
In a ST report today (‘Hawker debate: Figuring out a way forward’, 4 Nov), Minister for the Environment and Water Resources Masagos Zulkifli told SPH reporters that the key objective for creating hawker centres is to “ensure that the food remains affordable and accessible for Singaporeans.”
— TOC

Bustling waterway
Barges and sampans jostling for space on the Singapore River in 1961. Then Prime Minister Lee Kuan Yew called for the river to be cleaned up in 1977, an effort that took 10 years and cost the Government $170 million.
— Straits Times

IHiS’s alleged gross negligence contributed to such an “epic fail”, yet WP endured far more severe repercussions than IHiS
I think that it might be fair to suggest that most people would consider the recent SingHealth data breach where the personal details of over 1.5 million people (including those of Prime Minister Lee Hsien Loong) were illegally accessed is much worse than anything the Workers’ Party could have done while running the Aljunied Hougang or Pasir Ris Punggol Town Councils.
— TOC

Multi-agency task force to promote healthy lifestyles
A multi-agency task force has been set up to promote healthy lifestyles among Singaporeans, in a move that builds on the nation’s ongoing war on diabetes.
— Straits Times

Over 70 per cent of those in prison are there drug offenders
She ended up one of the many drug abusers in Singapore’s penal system after using a range of illegal drugs including heroin, ketamine and marijuana.
— The New Paper

 

Feature photo Yudi Setiawan

 

This week’s Singapore morning news feature photo acknowledges World Science Day for Peace and Development, November 10.

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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Maria Mirasol Rasonable graduated with a Bachelors Degree in journalism from Polytechnic University of the Philippines, Santa Mesa, Manila, Philippines.

She previously covered police rounds for Philippine Daily Inquirer as a trainee before becoming editorial staff at Gospel Komiks under the Communication Foundation for Asia (CFA-MG), Santa Mesa, Manila where she wrote lifestyle and trending fashion and styles articles.

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