Singapore morning news for April 19

Singapore morning news for April 19

Singapore morning newsSingapore’s DBS Plans to Stop Financing Coal Power After 2021
Singapore’s largest bank plans to stop financing coal-fired power plants once its existing commitments are complete in 2021.
— Bloomberg

Things looking up for CSE Global despite lack of JV projects with Serba Dinamik
When Malaysian engineering firm Serba Dinamik Holdings became the largest shareholder in systems integrator CSE Global last year, both parties talked about how they could work on projects together.
— The Edge Singapore

MOH cuts overseas medical schools approved for practise in Singapore
Starting 2020, the list of overseas medical schools whose graduates can practise in Singapore will shrink from 160 to 103.
— CNA (very annoying popups)

SPH’s net profit has been on the decline since ex-Chief of Defence Force took over
We reported that Singapore Press Holdings (SPH) is losing the interest of advertisers and investors as its net profit for the quarter that ended in February fell by a hefty 25.7 per cent.
— The Independent

How the UK and Singapore are partnering for the future
IN February, Finance Minister Heng Swee Keat presented a budget to further cement Singapore’s position as a regional node of technology, innovation and enterprise and to strengthen its position as Asia 101′ for global MNCs looking to expand into Asia’s growing markets and as Global 101 for Asian companies ready to go global.
— The Business Times

Tampines Mall evacuated after fire involving deep fryer at food fair
A fire broke out in the main atrium of Tampines Mall yesterday, with one man taken to Changi General Hospital for smoke inhalation.
— Straits Times (annoying popups)

Singapore ranks 151st out of 180 countries on the 2019 World Press Freedom Index
Singapore maintains its ranking in Reporters Without Borders’ (Reporters Sans Frontières – RSF) World Press Freedom Index as the Republic takes the 151st spot again this year. An increase of 0.46 points from 51.41 points last year, however, was also noted.
— The Online Citizen

Jewel gives CapitaLand platform to showcase capabilities in pursuit of global growth
JEWEL Changi Airport, which has created a global stage for some of Singapore’s best brands, is expected to start contributing to developer CapitaLand’s revenue from the second quarter of this year.
— The Business Times

Majority of respondents in poll support initiatives that encourage BYO practices: MEWR
The majority of respondents in a new poll support initiatives that encourage people to “Bring Your Own” (BYO) reusable bags and bottles in Singapore, the Ministry of the Environment and Water Resources (MEWR) said on Thursday (Apr 18).
— CNA (very annoying popups)

Singdollar loses ground against ringgit after hitting 17-month high
In the aftermath of a spate of negative headlines in Malaysia, the Singapore dollar opened at RM3.0545 on Thursday (April 18) morning, losing ground slightly after rising to a 17-month high against the Malaysian ringgit the day before.
— Today Online

Jewel might not be enough for Singapore to shine
Jewel Changi Airport might be Singapore’s new crowning asset. But observers say the shining jewel could have little actual impact on Singapore’s development as an air hub for the long run.
— The Edge Singapore

Facebook and Twitter worry over Singapore fake news laws
Tech giants including Facebook and Twitter are alarmed by proposed “fake news” laws in Singapore that they fear will cost millions to comply with and could set a global precedent.
— Asian Nikkei Review (paywall)

MapletreeLog and Cache kept on ‘hold’ by OCBC in wake of CWT International default
OCBC is downgrading Mapletree Logistics Trust to ‘hold’ given there could be uncertainties over its longer-term outlook in the wake of the news that CWT International had defaulted on its loans.
— The Edge Singapore

Singapore media practitioners voice concerns over proposed fake news law
Several current and former media practitioners have released a statement expressing their disappointment and concerns over the proposed Protection from Online Falsehoods and Manipulation Act (POFMA) tabled in Parliament on 1 April.
— Yahoo News

Commentary: Hyflux after the perfect storm
Once a star in the water treatment industry, Hyflux had been struck by a series of unfortunate events and some think its fate is sealed, say NUS Business School Ruth Tan and Zhang Weina.
— CNA (very annoying popups)

Touch me not: Patrons want stronger safety culture at nightspots
While patrons ought to remain sober enough to protect themselves, nightspots could deploy enough bouncers and consistently spread the message against unwanted sexual advances, club-goers told TODAY after a spate of molestation cases reported to the police in recent days.
— Today Online

Singapore’s lessons on AI governance
The Three Laws of Robotics, crafted by one of the all-time great science fiction writers, Isaac Asimov, were probably the first ethics framework for Artificial Intelligence ever written, much before AI became fashionable and part of our daily lives.
— Gov Insider

NUS looks into food safety after 5 students fall sick
The National University of Singapore (NUS) and the Singapore Food Agency (SFA) are conducting an investigation after five students from Prince George’s Park House, a student residence, developed symptoms of gastroenteritis.
— Straits Times (annoying popups)

New platform to help SMEs navigate regulations, business transformations
A NEW one-stop platform for enterprises to seek advice and submit feedback, on top of ongoing government efforts, will help ease challenges that business face in navigating regulations and business transformations, Senior Minister of State for Trade and Industry Chee Hong Tat said on Wednesday.
— The Business Times

NUH & head neurosurgeon sued for S$2.5 million by family of woman left in vegetative state after brain operation
Dispute lies on whether neurosurgeon and hospital adequately discharged duties to patient.
— Mothership

Committee tasked with reviewing data security practices in public sector holds first meeting
A committee tasked with reviewing data security practices across the entire public service held its inaugural meeting on Thursday (Apr 18).
— CNA (very annoying popups)

Too early to call the bottom for Roxy-Pacific, says OCBC
OCBC Investment Research believes it is still too early to call the bottom for Roxy-Pacific Holdings, even though its share price has fallen 26% over the last 12 months.
— The Edge Singapore

Singapore’s new $1.25 billion Jewel Changi Airport opens
Singapore’s new airport looks very much like London’s Sky Garden from afar – and yet it’s that much grander. Four years of construction and $1.25 billion dollars later, the new jewel of Singapore can finally shine.
— Tatler

How can Singapore learn from the best when keeping data secure?
How can Singapore learn from the best in the world when keeping data secure?
— Gov Insider

Singapore seizes water plant from Hyflux after launching accounts probe
Singapore moved to take control of debt-laden Hyflux’s key water treatment plant on Wednesday, a day after authorities said they were reviewing the company’s disclosures to see if it has breached any laws.
— Business Insider

Approved overseas medical schools list cut from 160 to 103
With local universities expanding places for medicine and in a bid to maintain the quality of doctors here, the authorities have cut the number of approved overseas institutions from 160 to 103.
— Straits Times (annoying popups)

Singapore Airlines partners with payments platform Adeyn
Singapore Airlines has teamed up with payments platform Adeyn to help streamline digital payments
— Travel Mole

NUS and SFA investigate latest gastroenteritis incident in student residence, suspends food stall
The National University of Singapore (NUS) and the Singapore Food Agency (SFA) are investigating an incident involving five students from the Prince George’s Park House student residence, who had developed symptoms of gastroenteritis last Fri (12 Apr).
— The Online Citizen

PM Lee congratulates Jokowi for ‘peaceful and successful’ elections in Indonesia
Prime Minister Lee Hsien Loong on Thursday (Apr 18) congratulated Indonesia President Joko Widodo on the “peaceful and successful” presidential and legislative elections held in Indonesia.
— CNA (very annoying popups)

Singapore’s March CPI seen edging up at 0.6pc y/y
Singapore’s annual headline and core inflation are expected to have accelerated in March due to higher transport costs, a Reuters poll showed on Thursday.
— Business Recorder

ICBC Singapore’s first green bond is a mega US$2.2b issue
INDUSTRIAL and Commercial Bank of China (ICBC) Singapore Branch has issued its first green bond, a mega US$2.2 billion deal in three currencies.
— The Business Times

Wet and warm conditions to continue in the second half of April 2019
Moderate to heavy short-duration thundery showers are expected between the late morning and afternoon on six to eight days in the second half of April 2019.
— The Online Citizen

Thousands flood Sentosa for Southeast Asia’s first Pokemon Go Safari Zone event
Thousands of people armed with Pokeballs flooded Sentosa for Southeast Asia’s first Pokemon Go Safari Zone event, which started on Thursday (Apr 18).
— CNA (very annoying popups)

DBS keeps Suntec REIT at ‘buy’ on securing UBS as sole tenant for 9 Penang Road
DBS Group Research continues to rate Suntec REIT a “buy” with a target price of $2.12.
— The Edge Singapore

Singapore companies must take innovation and technology seriously, says Heng Swee Heat
Singapore companies must respond quickly to the changing business environment while also taking innovation and technology seriously, said Finance Minister Heng Swee Heat on Wednesday (Apr 17).
— CNA (very annoying popups)

4 arrested, $45,000 worth of drugs seized
Three Singaporeans and one Malaysian have been arrested for suspected drug activities, the Central Narcotics Bureau (CNB) said on Wednesday.
— Straits Times (annoying popups)

High-level panel on boosting data security holds first meeting
A high-level committee tasked with reviewing and strengthening data security practices across the entire public service held its first meeting yesterday, as the full composition of this 10-man Public Sector Data Security Review Committee was revealed for the first time.
— Straits Times (annoying popups)

Music teacher molested teenage student during cello lessons
A music teacher molested his 18-year-old student after telling her that the way she placed her cello against her body was incorrect.
— Asia One

Tampines Mall reopens after fire breaks out; 1 taken to hospital
Tampines Mall was forced to shutter its doors temporarily after a fire broke out in the shopping centre on Thursday (Apr 18) afternoon.
— CNA (very annoying popups)

Huawei shakes up Singapore cloud market
Singapore has to take “maximum advantage of cloud technology”, the Prime Minister said at a tech conference last year.
— Gov Insider

Dae Sung Construction fined $42,000 for damaging water main
A construction company was fined S$42,000 earlier on 2 April 2019 for damaging a water main located at a construction site at River Valley Green, which led to a loss of approximately 1.5 million litres of potable water, equivalent to slightly more than half the size of an Olympic swimming pool.
— The Online Citizen

Digitalisation push puts Singapore banks in hiring mode
THE axe may be falling on investment banking staff across the globe, but there’re plenty of jobs still unfilled in Singapore banks – you just need to know where to look.
— The Business Times

70% of 1,300 polled want recycling bin labels changed
The labels on the blue recycling bin may be in need of a redesign to encourage more people here to recycle.
— Straits Times (annoying popups)

B737 Max grounding uncertainty is SIA’s biggest worry: UOB KayHian
UOB KayHian now believes Singapore Airline’s B737 Max aircraft is likely to remain grounded beyond the research house’s initial July estimate.
— The Edge Singapore

Programmes, mentors to help startups take wing overseas
TO HELP local startups expand overseas strategically, Enterprise Singapore is looking to run structured programmes through partnerships with foreign players in the tech and innovation ecosystem, a director at the government agency told The Business Times.
— The Business Times


Feature photo cegoh


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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