Singapore morning news for October 2

Singapore morning news for October 2

Singapore morning newsMinisters’ pay ‘totally transparent’, says DPM Teo
There are no hidden components or perks in the salary structure for Singapore’s ministers, Deputy Prime Minister Teo Chee Hean said in Parliament yesterday.
— The new paper

HDB resale prices down 0.2% in Q3
It will also offer 3,800 build-to-order flats in Sembawang, Sengkang, Tampines, Tengah, and Yishun.
— Singapore Business Review

Liberty Media Reveals $27 Million Boost From Singapore Government
Formula One, the auto racing series owned by Liberty Media, has revealed that it is on track to receive $27 million from the Singapore government after it agreed to release taxes which had been withheld on the fee for its Grand Prix.
— Forbes

Singapore and Malaysia’s tourism boards launch joint programme for nature-lovers
Singapore Tourism Board (STB) and Tourism Malaysia have launched a joint programme to encourage nature-lovers to visit and discover both Singapore’s Sungei Buloh Wetland Reserve and Malaysia’s Pulau Kukup Johor National Park.
— Connected to India

Singapore enacts legislative framework for investment funds
The new variable capital company structure could create over 1,000 jobs for the next two years.
— Singapore Business Review

Singapore eyes Vietnamese tourist dollar
Việt Nam is a promising tourism market that ranks among its 10 biggest anywhere and four biggest in Southeast Asia, the Singapore Tourism Board has said.
Read more at http://vietnamnews.vn/economy/466867/singapore-eyes-vietnamese-tourist-dollar.html#aG5RoYc1bCHkCiJz.99
— Viet Nam News

$1m tech push for airport security
Security officers at Changi Airport will soon have cameras attached to their uniforms to provide a live feed to a control centre so help can be dispatched quickly if needed.
— The new paper

Private home price index slows to 0.5% in Q3: URA
The private residential property price index extended its steep downtrend after falling to 0.5% in Q3, according to flash estimates from the Urban Redevelopment Authority (URA). The index has steadily fallen from 3.9% in Q1 to 3.4% in Q2.
— Singapore Business Review

Is Singapore’s competition watchdog, a dog without teeth?
It has been announced that Singapore’s competition watchdog will be conducting a public feedback gathering exercise in relation to the proposed acquisition of kopitiam by NTUC Enterprise. While I am heartened that the competition watchdog has finally risen to action on this issue, I am disappointed that the watchdog did not take action sooner.
— TOC

Chef dies after falling off e-scooter at East Coast Park
Mr Lim Kian Yek, 23, a Malaysian chef working at Marina Bay Sands, was found unconscious at East Coast Park by a group of cyclists just past midnight on Sept 23. It is not known why or how he fell.
— The new paper

3 in 5 analysts expect monetary tightening in October
A Reuters poll revealed that nine in 15 analysts expect the Monetary Authority of Singapore (MAS) to tighten monetary policy in October.
— Singapore Business Review

ofo gets bike share licence for 25,000-strong fleet in Singapore
Not all operators were pulled out of the bike share game in Singapore. ofo got a full bike sharing licence from the Land Transport Authority (LTA) to operate a fleet of 25,000 bikes in Singapore.
— Singapore Business Review

Chart of the Day: Old age dependency ratio on the rise in Singapore
This chart from Allianz Global Wealth Report shows that old age dependency ratio is expected to be rise even further in the next decades.
— Singapore Business Review

SingHealth quietly blocks access to webpage featuring its “International Medical Service”
After news surfaced yesterday (30 Sep) that Ministry of Health (MOH) had instructed all public hospitals to terminate their contracts with foreign agents who refer foreign patients from overseas to them, SingHealth has quietly blocked access to its web page featuring its “International Medical Service”.
— TOC

Man arrested for attempting to extort $500k from bank
A 35-year-old man was arrested after he allegedly attempted to extort $500,000 from Standard Chartered Bank.
— The new paper

While SG public hospitals take in foreign patients from overseas, our own are housed in tents
It was reported in the news today (‘MOH puts a stop to foreign patient referral contracts’, 30 Sep) that the Health Ministry (MOH) has instructed all public hospitals to terminate their contracts with foreign agents who refer foreign patients from overseas to them.
— TOC

2-year delay of HSR a “fair arrangement”, says Khaw Boon Wan
The agreement signed between Singapore and Malaysia to suspend the High-Speed Rail (HSR) project for about two years is a “fair arrangement” for both countries, Transport Minister Khaw Boon Wan said in Parliament yesterday.
— The new paper

Hawker centre operators must be transparent about costs: Dr Amy Khor
Operators of hawker centres have to inform potential stallholders of rental and operating charges before signing any agreement with them, Senior Minister of State for the Environment and Water Resources Amy Khor said yesterday.
— The new paper

HIP II upgrading of flats will focus on common maintenance: Minister
Two new Housing Board upgrading plans to be rolled out in one to two decades’ time continued to be of interest, with four MPs trying to glean more specifics on what they would cover.
— The new paper

 

Feature photo Joan Campderrós-i-Canas

This week’s Singapore morning news feature photo acknowledges International Day of Older Persons, October 1.

 

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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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