Singapore morning news for April 11

Singapore morning news for April 11

Singapore morning newsSingapore startup scores US$45m investment
An Asian rewards app that works with Alibaba Group Holding Ltd. and major online brands has
— The Star Online

Singapore-developed cooling suit lowers body temperature in half the time: Study
A wearable cooling device that can help protect a patient’s brain and other vital organs following a cardiac arrest has been developed by doctors from Singapore General Hospital (SGH) and an industry partner, Global Healthcare SG.
— Straits Times (annoying popups)

Singapore tops list of global maritime capitals for fourth time in a row
Singapore has been ranked the world’s top maritime capital for the fourth consecutive time in the Leading Maritime Capitals of the World (LMC) report.
— CNA (very annoying popups)

Singaporean authorities said Wednesday they had discovered nearly 13 tonnes of pangolin scales worth about $38 million in a shipping container, the second major seizure of the creatures’ parts in a week.
— Eyewitness News

Telepod turns to private partnerships, swappable batteries to drive e-scooter business forward
Telepod is introducing a new swappable battery network and partnering with private operators to house its electric scooters, as it looks to grow its business amid regulatory challenges.
— CNA (very annoying popups)

MPA’s first woman CEO wants to change perception of sector
HER public relations handlers present her as the first woman chief executive of the Maritime and Port Authority of Singapore (MPA).
— The Business Times

Condo and HDB rents up; rental volume surges: SRX
As leasings bounced back after the Chinese New Year lull, rents for non-landed private homes edged up 0.3 per cent last month from February, while those for HDB flats inched up 0.2 per cent.
— Straits Times (annoying popups)

‘Escaped’ bull within premises of Lim Chu Kang farm: Owner
A bull which reportedly escaped from a dairy farm in Lim Chu Kang is currently within the premises of Viknesh Dairy Farm, said the farm’s owner on Wednesday (Apr 10).
— CNA (very annoying popups)

PM Lee and Dr M open to 3rd party arbitration to address water woes
With water possibly the most contentious issue within bilateral relations, the Prime Ministers of Singapore and Malaysia said at their first Leaders’ Summit that they are willing to consider third-party arbitration as each side airs its views concerning the price of water.
— The Independent

Singapore tops list of leading maritime capitals for fourth time
Singapore has again clinched the top spot in a biennial ranking of the world’s leading maritime capitals, the fourth time it has done so.
— Straits Times (annoying popups)

Dr Paul Tambyah: Chilling effect of ‘Fake News’ bill is bad for democracy in Singapore
TOC recently interviewed Dr Paul Ananth Tambyah, chairperson of the Singapore Democratic Party (SDP) to get his opinion on the proposed “Protection against Online Falsehoods and Manipulation” bill, its impact on freedom of speech, whistle-blowing, and the need for the bill in the first place.
— The Online Citizen

Private stays at community hospitals: Patients pay cash deposits despite insurance cover
Insurers are in talks with the Ministry of Health about providing letters of guarantee for clients who need to be admitted to community hospitals, the way they do now when clients go to an acute hospital.
— Straits Times (annoying popups)

Singapore Democratic Alliance chief involved in “fishy” business
Singapore Democratic Alliance chief Desmond Lim was recently seen getting involved in “fishy” business. Lim was seen on 26 Mar with 140 volunteers gutting 645kgs of fish as part of a food donation drive, aimed at providing meals to the underprivileged.
— The Independent

No requirement for by-election in Marsiling-Yew Tee GRC after Halimah Yacob resigned: Court of Appeal
The Court of Appeal on Wednesday (Apr 10) ruled that there is no requirement for a by-election to be called in Marsiling-Yew Tee Group Representation Constituency (GRC) after Madam Halimah Yacob resigned her seat as Member of Parliament (MP) to stand for presidential election.
— CNA (very annoying popups)

First REIT posts unchanged 1Q DPU of 2.15 cents on the back of stable distributable income
Bowsprit Capital Corporation, the manager of First Real Estate Investment Trust (First REIT), reported a distribution per unit (DPU) of 2.15 cents for the 1Q19 ended March, unchanged from a year ago
— The Edge Singapore

S’pore market inches up despite gloomy news
There was plenty of gloom yesterday, given United States President Donald Trump’s tariff threats on European products and a downbeat forecast from the International Monetary Fund, yet local shares still managed to inch higher.
— Straits Times (annoying popups)

Explainer: What you need to know about super fungus Candida auris
Described as a mysterious and deadly multidrug-resistant fungus, Candida auris was recently in the spotlight after it was dubbed by the United States’ Centers for Disease Control and Prevention(CDC) as a “global emerging threat” that can cause invasive infection and death.
— Today Online

Singapore Press Holdings loses advertisers and investors
Investor interest in Singapore Press Holdings is set to cool further after the company posted a drop in earnings and cut its dividend once again, underlining its struggle to find direction outside its core business.
— Nikkei Asian Review (paywall)

Don’t blame Singapore investors for Hyflux loss: Andy Mukherjee
If success has many fathers, failure in financial markets is no orphan either: It almost always ends up in the lap of retail investors.
— The Edge Singapore

Move to have a more inclusive pre-school education
A workgroup will be set up by the Ministry of Social and Family Development to look at how to better integrate children with learning needs into pre-schools.
— Straits Times (annoying popups)

The Unimpressive Momentum in the S&P 500
Bloomberg’s Abigail Doolittle reports on the S&P 500 on ‘Bloomberg Markets: The Close.’
— Bloomberg

Singapore Press Holdings Limited’s Second Quarter Earnings: What Investors Should Know
Singapore Press Holdings Limited’s (SGX: T39) net profit fell 25.7% for the second quarter.
— The Motley Fool

Netizens disagree with PM Lee’s opinion that proposed anti-fake news bill ‘works for Singapore’
On Tuesday (April 9), Prime Minister Lee Hsien Loong said that the newly proposed bill to counter online falsehoods “works for Singapore” despite receiving criticism from various parties.
— The Online Citizen

Move towards more inclusive early education
More is being done to integrate children with learning needs into pre-schools, including setting up a Ministry of Social and Family Development workgroup.
— Straits Times (annoying popups)

Singapore unveils innovation lab for self-sailing ships
SELF-SAILING ships are set to join drones and self-driving cars in Singapore’s future transport landscape.
— The Business Times

Baker’s Brew Studio fined for producing CNY goodies at unlicensed premises
It did not apply for a food establishment licence in time, but homegrown company Baker’s Brew Studio went ahead to bake tarts intended for sale over the Chinese New Year period at a facility in Admiralty.
— Today Online

Analysts maintain calls on SPH as 2Q results miss expectations
Analysts say Singapore Press Holdings’ (SPH) 2Q19 results came in below expectations amid continued weakness in its media business, coupled with the absence of divestment gains from its treasury and investment portfolio.
— The Edge Singapore

MAS bans trio over dishonest, fraudulent acts
The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against three individuals who worked for HSBC, United Overseas Bank (UOB) and NTUC Income after their convictions in court for offences involving fraud and dishonesty, it said yesterday.
— Straits Times (annoying popups)

Where To Eat And Sleep In Singapore
Up until recently, there wasn’t much to do in Singapore besides shop and eat. Thank goodness the food is outstanding – fun, flavorful, fiery at times and an example of fusion at its finest.
— Forbes

Scalpers taking the lead in fight for Avenger: Endgame tickets
Just hours after the advance ticket sales launched for the highly anticipated Avengers: Endgame movie, scalpers have already capitalised on this to resell the tickets at a higher price.
— Today Online

New initiative to boost digital skills in manufacturing sector
A new training programme has been launched to help manufacturing workers pick up digital skills such as coding and using emerging technology.
— Straits Times (annoying popups)

Singapore Bans Former HSBC and UOB Bankers for Fraud and Dishonesty
Singapore has meted out lengthy bans to convicted former HSBC Holdings Plc and United Overseas Bank Ltd. bankers for fraud and dishonest conduct.
— Bloomberg

Carousell cheat banked in S$22,000 from selling hotel packages and Rolex watches
A seller on online marketplace Carousell promised his customers Rolex watches and hotel stay packages at the Marina Bay Sands. He pocketed close to S$22,000 but none of them received any of their purchases.
— Today Online

Baker’s Brew Studio fined for operating kitchen without licence
Baker’s Brew Studio was on Wednesday (Apr 10) fined S$1,000 for operating a food establishment without a licence, said the Singapore Food Agency (SFA) in a media release.
— CNA (very annoying popups)

Singapore is One of the World’s Tech Leaders, Yet its Companies Are Struggling to Fight Cyberattacks
Cyberattacks are any company’s worst nightmare. Loss of consumer data is perhaps the biggest impact of these online attacks. The country that has had an adverse impact because of severe data breach is Singapore.
— Enterpreneur

MAS bans 2 former bank employees, an insurance agent for fraudulent and dishonest conduct
The Monetary Authority of Singapore (MAS) announced on Wednesday (Apr 10) that it has issued prohibition orders against two former bank employees and an insurance agent for fraudulent and dishonest conduct.
— CNA (very annoying popups)

Second largest pangolin seizure in 5 days; combined haul of 25.6 tonnes
Just five days after seizing a record 12.9 tonnes of pangolin scales, the authorities on Monday (April 8) confiscated another shipment of a similar volume — 12.7 tonnes — that was also on its way from Nigeria to Vietnam.
— Today Online

More support in pre-schools for children with developmental needs
A workgroup involving the public and private sectors will be set up to help make pre-schools more inclusive, Minister for Social and Family Development Desmond Lee announced on Wednesday (Apr 10).
— CNA (very annoying popups)

Death penalty: as world executes fewer prisoners, Singapore, Vietnam and Thailand are killing more
The world may be turning its back on the death penalty, according to report by Amnesty International, but Singapore, Vietnam and Thailand are going in the other direction.

Keppel trust preferential offer over 1.8 times subscribed
Keppel Infrastructure Trust (KIT) has received 832.3 million applications for its recently launched preferential offering, more than 1.8 times the total number of 455.31 million units offered, trustee-manager Keppel Infrastructure Fund Management said yesterday.
— Straits Times (annoying popups)

S’pore’s draft laws to curb fake news a ‘significant step’: PM Lee
Many countries grapple with fake news and online falsehoods, and Singapore’s proposed laws to tackle the problem will work for the country, Prime Minister Lee Hsien Loong said on Tuesday (April 9).
— Today Online


Feature photo Thales Transport


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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Piseth Pov graduated with a Bachelor’s degree in Economics Science from the Royal University of Law and Economics, Phnom Penh in 2017, and a Bachelor’s degree in English Communications from Western University, Phnom Penh, the same year.

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