Singapore morning news for October 9

Singapore morning news for October 9

Singapore morning news10 Access Medical clinics suspended from CHAS participation
Ten Access Medical clinics have been suspended from participating in the Community Health Assist Scheme (CHAS), the Ministry of Health (MOH) announced on Monday (Oct 8).
— Channel News Asia

Singapore falls further ahead of policy review; Philippines recovers
Singapore shares extended falls on Monday ahead of a central bank policy review this week, while Philippine stocks rose after two straight sessions of declines.
— The Star

States Times Review announces it is closing down in response to S’pore’s new fake news laws
States Times Review, an anti-establishment website allegedly run by a Singaporean living overseas, has announced it is shutting down on Oct. 8, 2018.
— mothership

SIA only airline and South-east Asian company on Time Magazine’s list of 50 ‘Genius Companies’
SINGAPORE – Singapore Airlines (SIA) has been named as one of the top 50 “Genius Companies” in an inaugural annual list compiled by Time Magazine.
According to Time, the firms identified are “inventing the future”, “driving progress now” and “bear watching for what they do next”.
— Straits Times

NTU ‘regrets’ holding career fair aimed at top-performing students
SINGAPORE – Nanyang Technological University (NTU) says it “regrets” holding a career fair last month aimed at top-performing students, adding that it will open the event to the entire graduating cohort next year.
— Straits Times

Alcohol abuse worse among younger people
The youth, who does not even like chocolates, suspected that he might have stolen them and was lucky not to have been caught.
— The New Paper

Supermarkets face fight for survival amidst another store closure
Hypermarket Giant’s outlets in Junction 10 and Jalan Tenteram have already shut down whilst its operation in ViVoCity is set to cease by Q1 2019.
— Singapore Business Review

Chart of the Day: Here are the rates of flexi-space dedicated desks in CBD
Raffles Place rates are the priciest at $800.
This chart from Colliers international shows that dedicated desks in flexible workspaces around the Central Business District (CBD) typically ranges from $700 to $900 per month
— Singapore Business Review

MOH suspends 10 clinics from Chas scheme for severe non-compliance; case referred to police
SINGAPORE – The Ministry of Health (MOH) has suspended 10 clinics from the Community Health Assist Scheme (Chas) for severe non-compliance.
— Straits Times

New nature park to open in 2022
Second Minister for National Development Desmond Lee announced yesterday that the mudflat, about 3km from the Sungei Buloh Wetland Reserve, will be designated a nature park as part of efforts to strengthen the conservation of wetland biodiversity in Singapore.
— The New Paper

Workers’ Party took on a town council which was ‘stripped of its computer system’: Defence
The audit reports that two town councils are basing their lawsuits against Workers’ Party (WP) Members of Parliament and other defendants on fail to recognise the circumstances they were in, including taking on a town council which was “stripped of its town council management computer system (TCMS)”, the defence said on Monday (Oct 8).
— Channel News Asia

AHTC trial: $1.2 million in project fees was for ad hoc, large-scale projects and not ‘improper’ payments
SINGAPORE – What a senior accountant deemed to be wrongful payments to a managing agent by a Workers’ Party-led town council was also practised by its People’s Action Party (PAP) predecessors.
— Straits Times

From ‘first lady of Malaysia’ to bag lady: Rosmah in Singapore satire spotlight (VIDEO)
A video clip of a recent skit in Singapore starring local actors Siti Khalijah Zainal as the wife of former Malaysian prime minister Datuk Seri Najib Razak and Ivan Heng as Ho Ching, the spouse to Singapore PM Lee Hsien Loong has been posted on the Internet by Singapore Incidents, drawing thousands of views and comment from Hong Kong paper, South China Morning Post (SCMP).
— Yahoo News

Singapore Fintech Festival sees 60 solutions shortlisted for fintech awards
THE Monetary Authority of Singapore (MAS) on Monday said judges have shortlisted 60 solutions that are eligible for the 2018 Global Fintech Hackelerator and Fintech Awards, with the awards to be given out at Singapore’s third run of the Singapore Fintech Festival this year.
— Business Times

SMEs feeling bite of trade battles but retail and F&B buck trend
SINGAPORE SMEs will look to expand in 2019, but show greater caution than six months ago as trade tensions continue to simmer, the latest SBF-DP SME Index showed on Monday.
— Business Times

SGX daily average value falls 13% in September from August, down 11% on year
SINGAPORE – The daily average value of securities traded on the Singapore Exchange (SGX) in September stood at $971 million, which was down 13 per cent from August’s figure, and also 11 per cent lower from the same month in 2017.
— Straits Times

Singapore Property Prices Inch Up Despite Government Measures
The highly anticipated flash estimate for the 3rd Quarter 2018 published on October 1 showed that private residential property prices in Singapore creeped up 0.5% compared with the 2nd Quarter.
— Business Standard

IBM, Singapore’s Pacific International Lines Trial Blockchain for Bill of Lading Project
Pacific International Lines, a leading Singaporean shipping company, is working with IBM Singapore on a blockchain trial to digitize bills of lading.
— Cryptovest

Singapore will update climate projections no earlier than 2021: MEWR
SINGAPORE — To do more to limit global warming, Singapore can reduce the use of natural gas for its energy needs, boost the efficiency of buildings and transportation, and share environmental solutions with counterparts in South-east Asia, experts in the field said.
— Today Online

UQPAY Launches SGQR Code Payment Services For Merchant
UQPAY has launched Singapore Quick Response Code (SGQR) payments for its merchants, combining its multiple existing payment QR codes in a single QR code.
— Fintech

Grab driver fetched blind girl from Simei to Yishun, refunded her S$14 fare as trip was “on the way”
Here at Mothership, we’ve written several stories about Grab drivers who went the extra mile for their customers.
— mothership

Singapore – Mobile services provider StarHub to cut 300 jobs (AsiaOne)
Telecommunications provider StarHub said it will be laying off 300 full-time employees by the end of the month, reports AsiaOne.
— SIA

Burst water pipe forces Toa Payoh foodcourt to close for three hours
He was having breakfast with his grandparents at the basement foodcourt of the Toa Payoh HDB Hub before opening his stall there when some of the lights went out.
— The New Paper

Etiqa Takes the Lead to Service Insurance Customers via WhatsApp in Singapore
Going beyond traditional communication channels, Etiqa Insurance Singapore takes the lead to service local customers with their insurance needs via the popular instant messaging application WhatsApp.
— Vietnam News

Bordier Partners in Vietnam
Swiss private bank Bordier in Singapore will develop a new private banking service for the Vietnamese market with a partner in Hanoi.
— Finews.Asia

Online hiring in banking and finance surged 23% in August
The banking, financial services and insurance (BFSI) sector fueled the 1% YoY growth in Singapore’s online hiring for August as the sector’s hiring jumped 23% YoY, recruitment firm Monster found.
— Singapore Business Review

After 19 years in the business, homegrown IT retailer Newstead goes into liquidation
SINGAPORE — Homegrown IT and electronics retailer Newstead Technologies is winding up its business after 19 years, and its troubles could leave Funan DigitalLife Mall without an anchor tenant when it re-opens next year.
— Today Online

To address complaints, Grab gives reward points for cancelled rides, ‘spot bonus’ to drivers
SINGAPORE — Faced with growing criticisms from riders and drivers, ride-hailing firm Grab is taking steps to bridge the gaps with these two groups.
— Today Online

 

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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