Singapore morning news for September 6

Singapore morning news for September 6

Singapore morning newsSingapore growth outlook unchanged despite uncertainties
Private sector economists kept their growth forecast for Singapore intact despite increased concerns stemming from protectionism in the U.S., a quarterly central bank survey showed on Wednesday.
— Nikkei Asian Review (paywall)

KL-Singapore High-Speed Rail formally postponed; service targeted to start by Jan 2031
Singapore and Malaysia have formally agreed to postpone the construction of the KL-Singapore High-Speed Rail until end-May 2020, with Malaysia having to pay Singapore S$15 million for costs incurred in suspending the project.
— Channel NewsAsia

800 patients given mislabelled drug dosages, double the earlier estimate
More than 800 patients were affected by the glitch in the GPConnect software on Saturday – more than double the initial estimate.
— The Straits Times

Singapore shares plunge to 16-month low, Malaysia also falls
Singapore shares plunged to its 16-month low Wednesday, while Malaysia entered its longest streak in three months as companies with high exposure to Indonesia suffered sharp selldown.
— Nikkei Asian Review (paywall)

Why not just create a more open and transparent CPF?
The Central Provident Fund (CPF) which was set up ostensibly as a safeguard for retirement has proven to be a minefield. Not only do its rules keep changing, but new schemes have been added and removed so frequently that it is beginning to resemble a Haribo pick and mix – you won’t know which flavour you are going to get until you reach into the bag.

Competition watchdog unveils guidance note on airline alliance
The Competition and Consumer Commission of Singapore (CCCS) issued a guidance note regarding airline alliance agreements.
— Singapore Business Review

StarHub and Temasek form cybersecurity joint venture
StarHub and Temasek Holdings’ indirect subsidiary Leone will merge their cybersecurity-focused companies into one of the largest in Asia through a new joint venture called Branded Ensign InfoSecurity (Ensign).
— Singapore Business Review

Singapore Land Frenzy Slows to a Trickle After Property Curbs
The bidding frenzy for Singapore land has slowed to a trickle, going by the results of the first auctions since property curbs were tightened.
— Bloomberg

COE premiums close lower in latest bidding exercise
Certificate of Entitlement (COE) premiums ended lower across the board for the second consecutive time, after the close of the latest bidding exercise on Wednesday (Sep 5).
— Channel NewsAsia

Singapore’s Surbana Jurong and GRAPHISOFT enter into strategic partnership
GRAPHISOFT®, the global leader in Building Information Modeling (BIM) solutions for architects, and Surbana Jurong Consultants, a leading Singapore-based multidisciplinary urban, infrastructure and management services consultancy firm, have signed a Memorandum of Understanding effective September 3, 2018.
— AEC New Today PR Newswire (media release)

Register for the world’s greatest government summit
Sleepless nights and working Sundays have been spent scouting speakers from every continent to come to Singapore for just one day – 25th September.
— GovInsider

Bloomberg Forum in Beijing for Business Elites Is Shelved, Chinese Hosts Confirm
Mr. Bloomberg moved the forum to Singapore because of fallout from the trade war between the United States and China, people familiar with the planning for the forum told The New York Times last week.
— The New York Times

Singapore start-up catches (computer) bugs for a living, and wants more to do the same is hoping to change how people think about cybersecurity services, and how pay-as-you-use methods like bug bounties could play a pivotal role in safeguarding against vulnerabilities.
— Channel NewsAsia

New STB chief executive named
The Singapore Tourism Board (STB) will have a new chief executive from Oct 29.
— The Straits Times

Abuzz over Singapore’s bees at new trail opening in HortPark
A Bee Trail opening at the HortPark next Saturday will give visitors the chance to spot up to 20 different bee species, learn where these fascinating creatures live and the many beneficial roles they play in nature.
— The Straits Times

KL-Singapore High-Speed Rail: Timeline | Video
Construction for the Kuala Lumpur-Singapore High-Speed Rail (HSR) line was due to start this year, but work on the project will now be postponed up to May 31, 2020.
— Channel NewsAsia

Singaporean Brandon Ng all set for Muay Thai showdown in Kuala Lumpur
Singaporean Muay Thai exponent Brandon Ng is set to keep the Singapore flag flying when he takes on Malaysian Mohd Amirul Ariffin at the second edition of the Asia Fighting Championship (AFC) scheduled for 21 September at Axiata Arena, KL Sports City (KLSC).

The many meanings of Merdeka for Singapore and Malaysia
In his recent National Day Rally speech, Prime Minister Lee Hsien Loong spoke about the Merdeka Generation.
— The Straits Times

Singapore Rifle Association to accept Singapore Shooting Association’s reinstatement offer
The Singapore Rifle Association (SRA) says it will accept the Singapore Shooting Association’s (SSA) offer to be reinstated as a constituent ordinary member of the national shooting body, but with a caveat.
— The Straits Times

Tengah to grow its distinctive identity through gardens
On a broader scale, Minister for National Development Lawrence Wong, who unveiled the plans for Tengah, also launched the first of 24 design guidelines that will shape the unique identity of every HDB town for decades to come.
— The New Paper

Singapore dollar hits 8-month high against Malaysian ringgit
The Singapore dollar rose to an eight-month high against the Malaysian ringgit on Wednesday (Sep 5), as a tumult in global emerging markets showed few signs of abating.
— Channel NewsAsia

Shanmugam stands by comments on activists over Dr Mahathir meeting: Press secretary
Home Affairs Minister K Shanmugam stands by his comments on the activists involved in last week’s meeting with Malaysian prime minister Mahathir Mohamad, his press secretary said on Wednesday (Sept 5).
— TodayOnline

This platform matches part-timers with F&B employers
“The F&B industry faces the most urgent manpower shortage issues which YY Hong Ye Group hopes to provide a solution to,” IT project manager Wendy Wang told Singapore Business Review.
— Singapore Business Review

Liposuction death: SMC seeks 3-year suspension for errant doc
The Singapore Medical Council (SMC) is seeking the maximum suspension term of three years for a negligent doctor who used a potent sedative during a liposuction procedure in 2009, causing the death of the patient.
— The New Paper

WWF-Singapore continues the fight for wildlife conservation with the help of African rangers
WWF-Singapore is moving forward with their fight against the ivory trade in Singapore with their latest event which sees a Kenyan wildlife ranger, Harrison and his ranger colleagues sharing their personal experiences as rangers and the importance of wildlife conservation.

Measured bid counts in latest Government Land Sales tenders for private housing
BIDDING turnouts at two of three state tenders that closed on Tuesday were noticeably subdued, reflecting developers’ sentiment following the latest property cooling measures.
— Business Times

Noble forms investment holding firm in British Virgin Islands
Noble Group established a wholly-owned subsidiary, Noble Intermediate Hold Co Limited, in the British Virgin Islands which principal business is investment holding.
— Singapore Business Review

First government land sales after cooling measures see lower interest – except for EC site
The second-highest bid of $364.9 million came from MCC Group’s MCC Land (Singapore) and Greatview Group and Yu Zhisong’s Greatview Investment, and the lowest bid was from Wee Hur Development at $228.8 million or $515 psf.
— The Straits Times

Doctor Anywhere raises $6.5m in series A to bring healthcare at your fingertips
Digital healthcare platform Doctor Anywhere has raised $5.6m in its series A financing round anchored by Kamet Capital Partners as it bids to make quality healthcare more accessible to the tech-savvy population.
— Singapore Business Review


Feature photo TheUjulala


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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