Singapore morning news for April 23

Singapore morning news for April 23

Singapore morning news

Singapore Budget 2019: What’s in it for you?
In the space of two hours and six minutes on 18th February, Finance Minister Heng Swee Keat announced the Budget 2019 – a breakdown of how the government plans to use our nation’s funds for the year ahead.
— Danamic. Org

CAAS, CAAM to meet this week to discuss new GPS-based system for Seletar Airport: Transport Minister Khaw Boon Wan
The civil aviation authorities from both Singapore and Malaysia will be meeting some time this week to discuss the implementation of the new Global Positioning System (GPS)-based system procedures, which is bound to replace Singapore’s contentious Instrument Landing System (ILS), said Transport Minister Khaw Boon Wan.
— The Online Citizen

NUS under fire: Mother of student filmed in shower speaks up, public pan university’s response
The mother of Monica Baey, a National University of Singapore (NUS) student who was filmed by a pervert while taking a shower on campus, has spoken up and said that her trust in the university had been broken.
— The Independent

17-year old student develops tool to identify fake news articles, says not many fake news articles in Singapore to work with
A 17-year old student has developed a tool to help people discern if an article they find online is authentic or not. Liu Haohui who does to the Raffles Girls’ School (RGS) told CNA in an interview that she hopes this tool will help addressed the ‘pressing problem’ of fake news.
— The Online Citizen

Singapore in talks with more electric car companies after Dyson
Following Dyson’s plans late last year to manufacture its first electric car in Singapore, the city-state is now in talks with other makers of green vehicles to set up shop on the island.
— The Edge Singapore

Media practitioners release updated statement to all MPs to highlight concerns with the POFMA
Following the Protection from Online Falsehoods and Manipulation Bill (POFMA) which was proposed in the Parliament of Singapore on 1 April 2019, current and former media practitioners sent a statement to all Members of Parliament, highlighting their concerns that hopefully will be addressed in a more informed debate next month.
— The Online Citizen

About 1/3 of pollutive motorcycles deregistered
About a third of 27,000 motorcycles affected by a scheme designed to persuade owners to scrap their old, pollutive two-wheelers have been deregistered, a year after the incentive was announced.
— Straits Times (annoying popups)

NUS’ penalties for sexual misconduct case were ‘manifestly inadequate’: Ong Ye Kung
Education Minister Ong Ye Kung said on Monday (Apr 22) the penalties applied by the National University of Singapore (NUS) in a sexual misconduct case were manifestly inadequate.
— CNA (very annoying popups)

Commentary: University campuses must be safe places for all
NUS student Monica Baey’s social media revelations have raised disturbing questions about how cases of misconduct are treated.
— CNA  (very annoying popups)

Singapore’s Jewel Changi Airport Houses the World’s Tallest Indoor Waterfall
Since claiming the title of “World’s Best Airport” for the seventh straight year last month, Singapore Changi’s Jewel Changi wing has officially opened to the public.
— Hyperbeast

Banking on renewable energy – and the future
LAST week, in quick succession, Singapore banks OCBC and DBS signalled an end to their financing of new coal power plants. The announcements are game changers for Asia’s transition to renewable energy and the broader battle to manage climate change.
— The Business Times

Possible Cabinet reshuffle? Heng Swee Keat says “I will leave it to the PM to announce the details”
FARAWAY in San Francisco, on the final day of his 11-day trip to the United States, Heng Swee Keat was a little cryptic when asked if a Cabinet reshuffle would take place.
— The Independent

Using GPS system at Seletar Airport will not compromise safety: Khaw
The fact that there is no compromise to passengers’ safety is more important than the costs Singapore could have incurred in switching flight systems at the Seletar Airport, Transport Minister Khaw Boon Wan said on Sunday (April 21).
— Today Online

Should Singapore’s executives trust their financial data?
C-suite executives in Singapore, like their counterparts in the rest of the world, base crucial decisions about the future growth and direction of the organisation on financial data.
— Singapore Business Review

PM Lee, other S’porean leaders respond swiftly to Sri Lanka terrorist attack
Even as the world reeled in shock and horror from the heinous Easter Sunday bombing attacks in churches, hotels and other areas in Sri Lanka on April 21, Singapore’s officials joined other leaders around the globe who quickly condemned the acts of terror, including Pope Francis, US President Donald Trump, UK Prime Minister Theresa May and others.
— The Independent

GuocoLand to spend US$1.8b on mixed-use Singapore project
Singapore developer GuocoLand Ltd. plans to spend S$2.4 billion ($1.8 billion) on a new mixed-use development on the fringe of the central business district
— The Star Online

‘Bar is higher’ as tech shares soar, Singapore’s GIC
The head of Singapore’s sovereign wealth fund is undeterred by the sky-high valuations of tech companies.
— The Edge Singapore

Singapore-listed palm oil planters kept at ‘market weight’ by UOB on valuation catch-up
UOB KayHian expects interest in palm oil planters such as Golden Agri-Resources, First Resources and Bumitama Agri to rebound, driven largely by a more positive view on CPO prices.
— The Edge Singapore

Hyflux has ‘credible’ revival plan, to file for moratorium extension on Thursday: SIAS
Embattled water treatment firm Hyflux has a “credible” revival plan on the table and will apply for an extension of its debt moratorium this week in a bid to work things out, according to the Securities Investors Association Singapore (SIAS) on Monday (Apr 22).
— CNA (very annoying popups)

R&D in nutrition, sustainability to drive disruption in food industry
BETTER food and beverage (F&B) could soon be served up, as companies here pick up on calls for healthier grub – and invest in innovation.
— The Business Times

Great Eastern suspends employee Nicholas Lim following public outcry over NUS’ handling of sexual offence
Earlier this evening (22 April), local insurance giant Great Eastern has made the decision to suspend their financial advisor with Advisors’ Clique, Nicholas Lim Jun Kai, for being involved in a voyeuristic scandal recently.
— The Online Citizen

NUS’ penalties inadequate, says minister
Education Minister Ong Ye Kung has said the penalties meted out by the National University of Singapore (NUS) in a recent sexual misconduct case were manifestly inadequate.
— Straits Times (annoying popups)

Analysts still positive on Keppel REIT despite 1Q DPU drop
The manager of Keppel REIT (KREIT) on Apr 17 announced that its 1Q19 DPU was 2.1% lower y-o-y at 1.39 cents, as distributable income dropped 1.9% y-o-y to $47.3 million.
— The Edge Singapore

Experts to share how SMEs can change the game
A STAR-STUDDED line-up of business leaders from companies such as Razer and Tata Communications will be speaking at an upcoming SME clinic.
— The Business Times

NUS sexual misconduct case: Need to take a tough stand and send strong signal, says Ong Ye Kung
Education Minister Ong Ye Kung has weighed in on the mounting controversy over how a sexual misconduct case at the National University of Singapore (NUS) was handled, saying that a strong signal has to be sent.
— Straits Times (annoying popups)

EMA, US agency sign MOU on energy security
Singapore’s Energy Market Authority (EMA) and the United States’ Federal Energy Regulatory Commission (FERC) signed a memorandum of understanding (MOU) yesterday in Washington, agreeing to work together towards enhancing energy security.
— Straits Times (annoying popups)

Agritech startup Glife secures US$1.18M seed funding for farm-to-table logistics service
Singapore-based farm-to-table startup connects farmers to F&B businesses Singapore agritech firm Glife announced today that it has raised S$1.6 million (US$1.18 million) in seed funding from Global Founders Capital and 500 Startups.
— e27

Singapore-based British mum and her two children among those killed in Sri Lanka blasts
A Singapore-based British lawyer and her two children were among those killed in the Sri Lanka attacks on Sunday (Apr 21), the company she worked for confirmed on Tuesday.
— CNA (very annoying popups)

Decolonise your mind with The Necessary Stage’s ‘Civilised’
The buzz generated by the Singapore Bicentennial 2019 has ignited curiosity and much re-evaluation about Singapore’s long and rich history.
— The Online Citizen

Singapore will continue to strive towards being a “Smart Nation”, data breaches notwithstanding–Vivian Balakrishnan
San Francisco–According to Singapore’s Foreign Minister, the data breaches which occurred lately will not affect the country’s endeavour to build itself as a “Smart Nation”.
— The Independent

FX Volumes for Singapore Banks Surge, Driven by Asia Growth
In recent years, foreign exchange (forex) trading volumes have picked up at Singapore banks, driven by strong economic growth in Asia, among other factors, a report by The Business Times in the country stated.
— Finance Magnates

Data breaches won’t derail Singapore’s tech push
Recent data breaches, including one where details of HIV patients were leaked, won’t hold back Singapore’s efforts in testing and investing in the latest technology to build what it termed as a “Smart Nation.”
— The Edge Singapore

Ong Ye Kung: “Two strikes and you are out cannot be the standard application”
Minister of Education, Ong Ye Kung has just posted on his Facebook page on Monday evening to announce that he has spoken to the President of National University of Singapore and the Board Chairman to convey his concerns that the penalties NUS applied were manifestly inadequate in the recent sexual misconduct case.
— The Online Citizen

NUS to hold town hall on sexual misconduct
The National University of Singapore (NUS) will be holding a town hall on sexual misconduct on Thursday (Apr 25).
— CNA (very annoying popups)

What Can the U.S. Health System Learn From Singapore?
Americans argue over insurance while Singaporeans keep perfecting the delivery of care.
— New York Times

Tokyo Century to acquire 20% stake in Yoma Fleet for $36 mil
Yoma Strategic Holdings says Tokyo Century, one of the Japan’s largest leasing companies, will acquire a 20% stake for US$26.6 million ($36 million) in Yoma Fleet by way of newly issued shares.
— The Edge Singapore

Our Tampines Hub wins top BCA award
Singapore’s first integrated community and lifestyle centre – Our Tampines Hub – received the highest accolade for a Building and Construction Authority (BCA) award that recognises building designs that emphasise people’s needs.
— Straits Times (annoying popups)

Opening of multi-religious temple in May will enhance Singapore’s diversity
As proof of Singapore’s religious diversity, a new temple with a multi-religious focus will be up and running in Sengkang West.
— The Independent

Ofo’s licence cancelled after company fails to provide ‘sufficient justifications’ to LTA
Chinese bike-sharing company ofo’s licence was cancelled on Monday (Apr 22) after missing a deadline to remove its bicycles from public spaces in Singapore.
— CNA (very annoying popups)

Great Eastern suspends adviser who allegedly filmed student
Insurer Great Eastern Singapore has suspended a financial adviser who is allegedly the National University of Singapore (NUS) undergraduate who filmed a woman in a shower at a student residential hall on the campus.
— Straits Times (annoying popups)

CCT gets ‘buy’ from DBS but ‘hold’ from OCBC, RHB
DBS Group Research is maintaining CapitaLand Commercial Trust (CCT) at “buy” and raising its target price from $2 to $2.10, saying CCT remains undervalued “ahead of a multi-year upturn in office rents in Singapore” and limited supply over the next three years.
— The Edge Singapore

Veteran architect says the fundamental flaw of POFMA is that the aggrieved authority is also the judge
Veteran architect Tay Kheng Soon recently commented on the draft of the Protection from Online Falsehoods and Manipulation Act (POFMA) and pointed out that the fundamental flaw of the Act is that “the aggrieved authority is also the judge as to whether there is deliberate falsehood or malicious intent”.
— The Independent

S’pore seeking to draw more electric car firms
LOS ANGELES • Following Dyson’s plans late last year to manufacture its first electric car in Singapore, the city-state is now in talks with other makers of green vehicles to set up shop on the island.
— Straits Times (annoying popups)

Mother of NUS student filmed in shower says trust in the school “is now broken” following light punishment given to the perpetrator
The mother of an undergraduate student of National University of Singapore (NUS) who was filmed in the shower by another male student took to her Facebook account on Saturday (20 April) to speak up about the incident, adding that her trust in the university is now broken.
— The Online Citizen

 

Feature photo Nanyang Technological University, Singapore

This week’s Singapore morning news feature photo acknowledges Girls in ICT Day, 25 April.

 

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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