Singapore morning news for October 10

Singapore morning news for October 10

Singapore morning newsNo consensus on MAS’ next monetary policy move
Economists remain split on whether Singapore’s central bank is likely to tighten its monetary policy further – allowing for a stronger Singapore dollar – in its biannual review on Friday.
— Straits Times

S’pore fully committed to climate change action: Masagos
In light of the serious climate change warning issued by the Intergovernmental Panel on Climate Change (IPCC), Singapore stays fully committed to supporting global action on the issue.
— Straits Times

Singapore ranks among bottom 10 globally on tackling inequality: Oxfam
SINGAPORE is ranked among the bottom 10 countries globally on tackling inequality, according to an Oxfam International study released on Tuesday.
— Business Times

New biometric app out soon to boost security of e-services
A new biometric app that grants access to e-citizen services will be rolled out by the end of this month.
— Straits Times

Balmy Q4 for sea freight as importers try to beat new tariff deadline
THE final quarter of the year is expected to yield bumper freight volumes and rates for box lines as importers and shippers race to beat additional tariffs in the new year arising from the US-China trade war.
— Business Times

STI falls amid region’s fears over China growth
Local shares slipped for the fourth straight session yesterday, in line with regional markets hit by uncertainties over China’s growth.
— Straits Times

10 events that matter to investors in final quarter of 2018
With the final quarter of 2018 fast approaching, we look at the key events on the agenda for investors. As many northern hemisphere investors get their feet back under their desks after the summer break, we look at the key events and themes likely to be on the agenda for September and the fourth quarter of 2018.
— The Edge

MAS puts fintechs on notice against shadow banking
EVEN as the Monetary Authority of Singapore (MAS) is welcoming of fintech players, it will draw a clear line to prevent shadow banking from emerging from payment startups.
— Business Times

Bicycle-sharing firm Ofo raises prices for bike rentals
SINGAPORE – Bicycle-sharing firm ofo raised its prices on Tuesday (Oct 9), less than two weeks after the Land Transport Authority announced that it would grant licenses to six bike-sharing companies to operate in Singapore.
— Straits Times

Yishun is safe, come for the nasi lemak: Nee Soon Town Council
Contrary to “cheeky” news articles and its reputation as an unsafe area, Yishun is actually one of the safer neighbourhoods in Singapore, said the Nee Soon Town Council (NSTC).
— Yahoo News

Oxfam’s ranking of Singapore: More important to look at outcomes when fighting inequality, says Desmond Lee
SINGAPORE — When it comes to measuring efforts to address inequality, it is “more important” to look at the outcomes that Singapore has achieved, Social and Family Development Minister Desmond Lee said. This was in response to a report that ranked Singapore among the bottom 10 countries in the world for its effort to reduce inequality.
— Today Online

Singapore court convicts activist, politician over Facebook posts
A Singapore court has convicted a rights activist and an opposition politician of contempt of court, punishable by up to three years in jail, for online comments posted on Facebook.
— Aljazeera

Microsoft investing in Grab as part of tech tie-up
Microsoft will invest an unspecified amount in Grab as the ride-hailing giant adopts the US company’s Azure as its preferred platform for cloud services.
– Straits Times

Ugly side to cut-price beauty fixes abroad, plastic surgeons here correcting procedures overseas gone awry
When Sam forked out $3,700 to undergo a rhinoplasty procedure (nose job) at a Bangkok clinic a year ago, after a friend recommended her the place, she was expecting a smaller and sharper nose hours later.
— Straits Times

Singapore firm eyes hydrogen plane by 2025
Singaporean tech firm HES Energy Systems says it plans to fly its Element One, the world’s first hydrogen-electric passenger aeroplane by 2025.
— Asean Economist

Newstead reorganised: 40% of staff let go but some stores stay open
Home-grown electronics retailer Newstead Technologies will remain operational for now, following a reorganisation of the company that has seen 40 per cent of its 250 staff let go.
– Straits Times

SIA reclaims world’s longest flight with non-stop route to New York, without economy class
About six months after Qantas Airways started a direct service from Perth to London, Singapore Airlines is bringing back its 16,700km jump to New York on Oct 11, pipping Qatar Airways’ Doha-Auckland route to reclaim the title of the world’s longest commercial flight.
— TodayOnline

AvePoint Recognised as Winner For 2018 Microsoft Singapore Industry ISV Partner of the Year
Today AvePoint announced it has won the 2018 Microsoft Singapore Partner of the Year award. The company was honoured among a community of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.
— AEC News Today/PR Newswire (media release)

Start-up buys S’pore wedding venue firm
Event venue start-up Venuerific has acquired a Singapore-based firm that specialises in helping people plan weddings, for an undisclosed amount.
— Straits Times

Condo resale prices slip for 2nd month after property curbs
Resale prices of private non-landed homes declined again last month as July’s cooling measures continued to bite.
—  Straits Times

Premium Luxury Car Rentals Now Even More Accessible – Avis Car Rental Launches Avis Prestige service in Singapore
Avis Car Rental today announced the launch of its Avis Prestige service in Singapore, through a partnership with Wearnes Leasing, a division of Wearnes Automotive, a leading luxury car retailer in Southeast Asia.
— AEC News Today/PR Newswire (media release)

From school to workplace: Help for disadvantaged youth
To help disadvantaged youth transition smoothly from school into the work environment, a three-year initiative was launched at the Institute of Technical Education (ITE) yesterday to offer them workshops and vocational training.
— Straits Times

Man gets 7-day detention for taking bus stop bench
A man who wanted to remake his new flat, so it resembled a bus stop, removed a grey metal bench from an actual stop in Braddell Road in June last year.
— Straits Times

Duo found guilty under new contempt of court laws
Civil activist Jolovan Wham and opposition politician John Tan yesterday became the first to be found guilty under new contempt of court laws of scandalising the judiciary in posts they had made separately on Facebook.
— Straits Times

Indonesians lend helping hand in dog sterilisation
Six Indonesian officials have helped to train Agri-Food and Veterinary Authority of Singapore (AVA) staff and volunteers here for a nationwide dog sterilisation programme to be rolled out later this year.
—  Straits Times

How algorithms are disrupting fashion retail
Imagine that shopping for clothes is simple and convenient. You can choose whatever colour, fabric and style you want, at affordable prices. Imagine that you have access to an affordable expert stylist who is obsessed with making you look and feel good. Imagine that instead of mall hopping and queuing outside a fitting room, you can do it all from your home.
— The Edge

Kingfisher released after recovering from bird attack
A migratory kingfisher that has been drawing flocks of photographers to Gardens by the Bay was released back into the area on Sunday, a day after it was rescued from an attack by another bird.
— Straits Times

S’pore once named as ‘tricky place to stay’
While legend has it that this island was named Singapura after Sang Nila Utama spotted a large feline here, it is just one of many historical interpretations of how the Lion City (Singapura in Sanskrit) got its name.
— Straits Times

Singapore firm eyes hydrogen plane by 2025
Singaporean tech firm HES Energy Systems says it plans to fly its Element One, the world’s first hydrogen-electric passenger aeroplane by 2025.
— Asean Economist

 

Feature photo Singapore Post

This week’s Singapore morning news feature photo acknowledges World Post Day, October 9 @UPU_UN

 

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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