Singapore morning news for November 7

Singapore morning news for November 7

Singapore morning newsGrab announces major partnerships just before Go-Jek launches in Singapore
Grab announced not just one but two major partnerships in the past few days, just before the launching of Indonesian rival ride-hailing app Go-Jek in Singapore, which is expected to occur later this month.
— The Independent

DBS CEO downplays impact of trade war
DBS Group Holdings’ chief executive officer said fears about the impact of the United States-China trade war are “somewhat overblown” for now as the flow of goods and services remains largely intact.
— Today Singapore

October buybacks plummeted 36% to $59.9m
Companies which buyback their shares could signal to the market that their shares are undervalued. Last month, 29 companies repurchased 30.8 million shares or units for a total amount of S$59.9 million, according to a report released by the Singapore Exchange Limited (SGX: S68) recently.
— Singapore Business Review

OceanManager opening Singapore office to expand in Asia
Vessel operations planning software OceanManager is opening an office in Singapore to expand its business in Asia – Pacific.
— SeaTrade Maritime News

SingPost launches SmartPost; unveils next-generation logistics platform LaMP in digital transformation
Singapore Post Limited (SingPost) has launched its SmartPost suite of postal solutions and unveiled its latest next-generation logistics platform LaMP which is touted to bring greater convenience, flexibility and control to customers today and of the future on Monday (5 November).

Opening the black box of AI
FEAR and distrust are often initial reactions to new technology like artificial intelligence (AI), since the less we know about something, the more mysterious and dangerous it seems.
— The Business Times

Infusing science with fun
SCIENCE isn’t fun – at least, not the way it’s taught in school, says Rosemary Tan, founder and CEO of local biotech firm Veredus Laboratories.
— The Business Times

Asian bourses mostly up as focus turns to US midterms
Asian markets mostly rose yesterday as focus turned to the US midterm elections, which could impact Mr Donald Trump’s presidency, while Apple suppliers suffered on reports the tech titan had cancelled plans to ramp up output of its new iPhone.
— Straits Times

School tries to keep buildings from ‘killing’ birds, NParks to release design guidelines next year
His Facebook post last month on a beautiful Jambu Fruit Dove that slammed into the glass window of a school computer laboratory went viral, but Mr Jacob Tan did not stop there.
— Today Singapore

GO-JEK rides into Singapore, but über incentives may be behind us
After months of anticipation, Indonesian ride-hailing platform GO-JEK has launched a pre-registration portal for people interested in becoming its driver-partners. Over the coming weeks, interested drivers who provide their contact details will receive notifications from GO-JEK with information on how to apply to join its Singapore platform when the company launches its services here.
— The Edge

Singapore Still Lacks Crypto Legislation Despite Several Consultations
The Monetary Authority of Singapore (MAS) has yet to propose legislation to regulate cryptocurrency and blockchain in the city-state.
— Cryptovest

WATCH: Excite releases new videos showcasing the best of Singapore (video)
The series shows off the very best of Singapore, launching with three videos covering the best places to eat, shop and party in the vibrant, multi-cultural state.
— Travel Weekly

Cryptology Exchange unveils new logo revamp
Singapore-based community cryptocurrency exchange, Cryptology Exchange today announced the revampment of its brand logo.
— AEC News Today/PR Newswire (media release)

Join Us in Singapore to Celebrate Advanced Materials (Science)!
On Tuesday December 4, 2018, the Institute of Materials Research and Engineering (IMRE) at the Agency for Science, Technology and Research (A*STAR) will host the final of this year’s AM30 Symposia celebrating the 30th anniversary of Advanced Materials, organized in collaboration with Nanyang Technological University (NTU), National University of Singapore (NUS), and the Advanced Materials editorial team.
— Advanced Science News

GrabShare fares to be 35% cheaper than JustGrab; Drivers to receive more matches
Ride-hailing company Grab has made tweaks to the algorithm for GrabShare, its carpooling service.
— Mothership

Domestic helper in S’pore sacked after being accused of using black magic on 88-year-old employer
A 51-year-old domestic helper in Singapore has been sacked after she allegedly instigated her 88-year-old employer, Huang, to sell his three-room-flat, Lianhe Wanbao reported on Oct. 29, 2018.
— Mothership

Almost half of Singapore firms say China is their sales destination
2 in 5 think that China’s growing consumer wealth could unveil opportunities.
— Singapore Business Review

Road closures, traffic delays expected around Suntec from Nov 11 to 16 for 33rd Asean Summit
Motorists heading to the area around Suntec Singapore International Convention and Exhibition Centre from Sunday (Nov 11) to next Friday should expect traffic delays due to road closures for the 33rd Asean Summit and related summits.
— Straits Times

Declaration of 33rd ASEAN Summit and related summits as an Enhanced Security Special Event
The 33rd ASEAN Summit and related summits, which are to be held at Suntec Singapore International Convention and Exhibition Centre (Suntec) from 13 to 15 November 2018, have been declared as an ‘Enhanced Security Special Event’ under the Public Order Act.

SingHealth top executive hopes for new solutions to Internet separation, which has caused ‘multiple inconveniences’
Cutting the work computers of SingHealth employees from the Internet has caused “multiple difficulties and inconveniences” and led to “some loss of productivity”, its group chief executive officer Ivy Ng said.
— Today Online

Ofo says it needs more time to downsize fleet as authorities take regulatory action
Bicycle-sharing firm Ofo is the first company to be penalised for not rightsizing its fleet to the 10,000 bikes it is allowed under the new licensing requirements, which came into effect on Nov 1.
— Today Online

Singaporea in critical condition after US hit-and-run on uni campus
Ms Renuka Ramanadhan, 20, a Singaporean undergraduate at the University at Buffalo (UB), is in critical condition after the hit-and-run accident in Buffalo, a city about 470km west of New York City, last week.
— 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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