Singapore morning news for January 11

Singapore morning news for January 11

Singapore morning news

Property cooling measures had more bite than expected: DBS chief
DBS bank’s property loans segment shrunk by 40 to 50 per cent after last July’s cooling measures, with the lender’s chief executive officer Piyush Gupta saying that the government intervention had “more bite” than anticipated.
— Today Singapore

Patients not covered under MediShield has doubled since 2015 – GPC for Health wants to know why
Questions are being raised by the Government Parliamentary Committee (GPC) for Health over the fact that 20% of subsidised patients aren’t getting full coverage from MediShield Life. The compulsory national health insurance was launched in 2015 to help fully cover big medical bills of at least 90% of subsidised patients, or 1 in 10.
— The Online Citizen

Singapore cyber breach shows signs of state-sponsored hacking
An inquiry has found that hackers resembling state-sponsored actors were responsible for the biggest cyber attack in Singapore’s history, which targeted the healthcare details of Prime Minister Lee Hsien Loong and accessed the data of a quarter of the population.
— Financial Times

PM seeks to strike out blogger’s counterclaim
Lawyers for Prime Minister Lee Hsien Loong have made an application to the courts to strike out the counterclaim by blogger Leong Sze Hian, who is being sued by PM Lee for defamation.
— The Straits Times (very annoying popups)

Investors urged to gear up for market volatility
Investors should brace themselves for a tug of war between bulls and bears that will result in high volatility for financial markets this year, said DBS Bank chief investment officer Hou Wey Fook.
— Straits Times (very annoying popups)

Hundreds of Singaporeans urge Lee Hsien Yang to join the opposition and defeat the PAP
Hundreds of Singaporeans have been urging founding Prime Minister Lee Kuan Yew’s younger son, Lee Hsien Yang, to join the opposition and defeat the ruling People’s Action Party (PAP) at the next General Election. Calls for Lee Hsien Yang to go against his elder brother, current PM Lee Hsien Loong, at the polls first emerged during […]
— The Independent sg

Singapore eco-tourism plan sparks squawks of protest
Singapore is creating a vast eco-tourism zone in a bid to bring in more visitors, but environmentalists fear the development will damage natural habitats and are already blaming it for a series of animal deaths.
— Borneo Bulletin

Johor Menteri Besar visits Malaysian government vessel off Tuas
Johor’s Menteri Besar Osman Sapian took to social media late on Wednesday night (Jan 9) to share photos of him visiting a Malaysian government vessel anchored in Singapore’s territorial waters off Tuas.
— The Straits Times (very annoying popups)

EY calls for fintech tax perk, R&D incentives for SMEs
A FINTECH tax incentive, new R&D (research and development) incentives for SMEs (small- and medium-sized enterprises), and tax deductions for healthcare expenses are among Ernst & Young’s (EY) Budget 2019 recommendations, released in a report on Thursday.
— The Business Times

Nissan commits to fully electrified range
Nissan Motor says all new models it launches from 2022 will be electrified, becoming the first carmaker to set such a bold goal here.
— Straits Times (very annoying popups)

OUE Lippo Healthcare snaps up stakes in six Myanmar medical facilities for $26.5 mil
OUE Lippo Healthcare (OUELH) is acquiring stakes in three hospitals, one medical centre and two clinics to expand its foothold in Myanmar.
— The Edge

SIA fires pilot whose failed alcohol test caused flight cancellation
A Singapore Airlines (SIA) pilot who failed an alcohol test in Australia last year before he was to operate a flight has been fired, The Straits Times has learnt.
— Straits Times (very annoying popups)

Could Singapore be a cryptocurrency hub?
IF 2018 was volatile for markets generally, then for cryptocurrencies, it was an adrenalin-inducing roller-coaster ride of soaring asset prices, speculation and massive slumps.
— The Business Times

Grab, ComfortDelGro buying Hyundai EVs as charging network grows
THE Singapore transport scene is abuzz with taxi and private-hire car operators investing more in Electric Vehicles (EVs), while carmakers respond to the growing interest.
— The Business Times

Gojek’s ride-hailing app available to all consumers in Singapore
RIDE-HAILING service provider Gojek has opened its app to give immediate access to all customers in Singapore.
— The Business Times

Singtel enters electricity retail market
Telecommunications giant Singtel will be entering the local electricity retail business, joining forces with YTL PowerSeraya’s integrated energy provider unit, Geneco.
–the new paper

Republic Poly launches course to groom high-tech farmers
A new course here aims to train the next generation of high-tech farmers so that Singapore can produce more of its own food.
— Straits Times

Grab to roll out first 20 electric vehicles on 11 January
It will progressively roll out a total of 200 electric vehicles for 2019
— Singapore Business Review

SUTD introduces Singapore’s first undergraduate research programme
The Singapore University of Technology and Design (SUTD) has launched Singapore’s first undergraduate research programme.
— Channel NewsAsia

Maritime dispute: 5 Malaysian vessels in Singapore’s waters a day after bilateral meeting
Five Malaysian vessels were in Singapore’s territorial waters off Tuas as at 6pm on Wednesday (Jan 9), just a day after both countries agreed to set up a working group to look into their maritime disputes.
— Today Singapore

Undergraduates can go direct to PhD with new SUTD programme
A new programme will allow the brightest students here to do research on top of their regular academic load, and upon graduation, jump straight into their PhD.
— Straits Times

Singapore eco-tourism plan sparks squawks of protest
Singapore is creating a vast eco-tourism zone in a bid to bring in more visitors, but environmentalists fear the development will damage natural habitats and are already blaming it for a series of animal deaths.
— Coconuts (paywall)

CES 2019: Creative Technology’s award streak continues as CEO previews new Super X-Fi plans
The Singapore-based audio company has bagged four awards at the consumer electronics trade show so far.
— Channel News Asia

Apparently Singaporeans have spent two million hours watching zodiac prediction videos
Statistics released by Google showed Singaporeans spending 2 million hours in 2018 watching Chinese New Year content on YouTube. This was gathered after the company tracked Chinese New Year-related searches on Google and YouTube from Dec 18, 2017 to Jan 29, 2018. For Singaporeans, watching videos was a favored social activity spent with family and […]
— The Independent sg

Singapore, Andhra Pradesh start work on start-up area in Amaravati
Singapore and the southern Indian state of Andhra Pradesh have taken the first steps towards developing the commercial core of the new capital city of Amaravati.
— Straits Times (very annoying popups)

STT sells new S$300m perpetual issue at 5 per cent
SINGAPORE Technologies Telemedia (STT) has sold a new S$300 million perpetual issue at 5 per cent on Thursday.
— The Business Times

Singtel enters electricity retail market with tie-up
Telco giant Singtel is entering the electricity retail business for the first time, following in the footsteps of rivals StarHub and M1, although the former pulled out after a brief foray.
— Straits Times

Report close shaves to reduce workplace injuries: Zaqy
Companies need to report near misses at the workplace and encourage workers to highlight hazards, in order to reduce the number of injuries resulting from industrial accidents.
— Straits Times

Entire Singapore gets Gojek today: Here’s how my ride with them went
If you, like me, woke up this morning to a message from ride-hailing service Gojek saying they’re “open for all”, you might be understandably confused.
— Asia One

2 Reasons Why SATS Ltd Might Be A Good Dividend Stock For The Long Term
Why SATS Ltd (SGX:S58) could be a good dividend stock for long term investors when we analyse their dividend growth over time.
— Motley Fool sg

Powerbank sharing and ‘smart’ helmets: Singapore start-ups aim for CES 2019 splash
Shareasy, the company behind the Brezze-branded powerbank rental boxes, and smart helmet device maker Whyre are among more than a dozen homegrown businesses heading to the annual consumer tech conference later in January.
— Channel News Asia

Why Duty Free International Ltd’s Share Price Has Jumped 7% Today
Duty Free International Ltd (SGX: 5SO) posted strong results for its latest third quarter.
— Motley Fool sg

Parents turn up for polys’ open house
Parents are going back to school, signing up for talks and workshops at the open house held by polytechnics and junior colleges to help their children figure out the next step in their education journey.
— Straits Times

CES 2019: Impossible Foods confident its plant-based ‘meat’ will win over Singaporeans
Chief operating officer David Lee says the US start-up is betting big on the versatility of the meat, which can be used in a burger, bao or dumpling.
— Channel News Asia

As e-commerce retailers take over the world, Temasek considers selling its Watson stake
Singapore state investment firm Temasek Holdings Pte has been exploring options regarding its 25 percent stake in health and beauty retailer A.S. Watson Group, including a partial sale. This train of thought can be attributed to the continuing rise and success of e-commerce versus brick-and-mortar retailers. The news was first reported on Monday, January 7, by another […]
— The Independent sg

ICA says they have it all under control but do they?
On 28 Dec 2018 , Straits Times published a couple of letters written in by two irate citizens who wanted to know why the Immigration & Checkpoints Authority (ICA) hasn’t solved the congestion problem at land checkpoints and suggested they hire retired/rethrenched people to boost their manpower.
— The Online Citizen

Scoot starts sale of Singapore-Laos flights from S$88 for one-way ticket
SCOOT has launched sale of its direct Singapore-Laos flights with one-way all-in tickets starting from S$88, the budget arm of Singapore Airlines announced on Thursday.
— The Business Times

These 3 Blue Chip Stocks Have Grown Dividends By More Than 50% In Last 10 Years
These three blue chip companies have grown their dividend by more than 50% in the last decade.
— Motley Fool sg

Global design contest for Founders’ Memorial
An international design contest was launched yesterday to call for proposals for the upcoming Founders’ Memorial, which will be constructed in Bay East Garden in Gardens by the Bay.
— Straits Times

Global design competition launched to seek proposals for Founders’ Memorial
An international design competition was launched on Thursday (Jan 10) to seek proposals for the Founders’ Memorial at Bay East Garden.
— Channel News Asia

Here’s The Mindset You Should Have When Investing
The common theme in most of the conversations with my friends seems to be how much profit or loss one made from buying and selling companies, and the intention many market participants to purchase shares in a company to be able to sell them “when the price is right” or when they hit a certain […]
— Motley Fool sg


Feature photo Ray in Manila


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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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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