Singapore morning news for April 25

Singapore morning news for April 25

Singapore morning news

PM Lee on BRI forum, “China has become our biggest trading partner”
In an interview with Chinese news agency Xinhua, Singapore’s Prime Minister Lee Hsien Loong focused on the enormous growth in the relations between China and Singapore and underlined that there is still much potential for this.
— The Independent

Binance Singapore goes live and only supports bitcoin
Binance, the largest exchange by traded volume, has launched its third fiat-to-crypto exchange; this time in Singapore following exchanges in Uganda and Jersey.
— The Blockcrypto

NUS disciplinary board heard 26 sexual offence cases over three years
Over the past three years, 26 cases of sexual offences were brought before the National University of Singapore’s (NUS) disciplinary board, according to a summary of cases available on the university’s student portal.
— Straits Times (annoying popups)

A*Star inks US$90m deal to create deep tech startups in healthcare, life sciences
THE Agency for Science, Technology and Research (A*Star) enterprise arm A*ccelerate on Wednesday signed a US$90 million agreement with Nasdaq-listed pharmaceutical firm Aptorum Group and Hong Kong financial institution Aeneas Capital to co-create local deep tech startups in healthcare and life sciences.
— The Business Times

How new technology will shape Singapore’s logistics landscape
Singapore is one of the world’s top logistics hubs, with the World Bank’s Logistics Hub Index ranking Singapore 2nd in Asia and 7th globally.
— Singapore Business Review

NUS president apologises to alumni over handling of sexual misconduct case
The president of the National University of Singapore (NUS) on Tuesday (April 23) apologised to the school’s alumni for the way a sexual misconduct case was handled, after the victim took to social media to call for tougher action against a fellow student who had filmed her having a shower.
— Today Online

Mortgagee listings hit new high on loan rate hikes, weak rentals
MORTGAGEE sale listings in Singapore reached a record high in the first quarter of 2019, according to data compiled by Knight Frank.
— The Business Times

Police probing Peeping Tom case in NTU
A Peeping Tom case in a male toilet at a hall of residence in Nanyang Technological University (NTU) has surfaced, amid a robust debate on how sexual misconduct cases in universities should be handled.
— Straits Times (annoying popups)

SP Telecom to build alternative fiber network in Singapore
Singapore-based telecommunications joint venture SP Telecom has engaged PCCW Solutions as a consultancy partner to help design and deploy the company’s planned alternative fiber network.

MOE rolling out new system for fund collection at all schools
The Ministry of Education (MOE) is rolling out a new billing system to all schools in Singapore to manage collection of money from students.
— CNA  (very annoying popups)

“If only you could be our PM” – Singaporeans tell Tharman as he lauds Heng Swee Keat
Several Singaporeans have told Deputy Prime Minister (DPM) Tharman Shanmugaratnam that he is still their choice to be Singapore’s next Prime Minister (PM), as the politician lauded Finance Minister and presumptive future PM Heng Swee Keat’s impending appointment as DPM.
— The Independent

Singapore’s Saleswhale raises $5.3M to bring AI to sales and marketing teams
a Singapore-based startup that uses AI to help marketers and salespeople close deals, has announced a Series A round worth $5.3 million.
— Tech Crunch

Olam offers to buy Nigeria’s Dangote Flour amid focus shift
Olam International made a cash bid to buy Dangote Flour Mills Plc of Nigeria as the Singapore-based agriculture trader looks to expand in West Africa as part of a rejig of its portfolio.
— The Edge Singapore

Tharman: Swee Keat the best person to move up, Cabinet reshuffle a plus for Singapore’s future
On April 23 (Tuesday), the Prime Minister’s Office announced a Cabinet reshuffling, with Mr Heng Swee Keat, among others, being promoted, transferred, or taking on more roles in the Government.
— The Independent

S’pore’s relations with China have improved tremendously: PM Lee
PM Lee also said Singapore can make a modest contribution to China’s Belt & Road Initiative.
— Mothership

Singapore creates its own gin
AS a former part of the British Empire, it’s not surprising to find influences of Britannia in Singapore.
— Business World Online

Health Care Vs. Liberty In Singapore
When politicians and pundits compare the US health system to other countries’ government-run health systems, the other countries most frequently mentioned are Canada and the UK.
— Forbes

Defence team pokes holes in prosecution witness’ testimony
The defence continued to poke holes in the written testimony of a prosecution witness yesterday in the ongoing trial of John Soh Chee Wen and Quah Su-Ling for engineering the 2013 penny stock crash, saying his evidence was inconsistent with court records at times.
— Straits Times (annoying popups)

Programme launched to develop mid-career management accountants
A PROFESSIONAL Conversion Programme (PCP) has been launched to help local mid-career individuals with accounting background become management accountants.
— The Business Times

Genting Singapore Has Fallen 13.5%. Is it Cheap Now?
Genting Singapore Ltd (SGX: G13) shares have fallen sharply over the past two months.
— The Motley Fool

New PM-in-waiting Heng Swee Keat supports 10M population and GST increase to 9%
The Prime Minister’s Office announced yesterday (23 Apr) that Heng Swee Keat would be promoted to Deputy Prime Minister on May Day. He will remain Finance Minister and continue chairing the Future Economy Council and National Research Foundation, PMO said.
— The Online Citizen

Finance courses offer opportunity for career change
Trained in IT, Ms Wendy Chua worked in the industry for 20 years, but felt she was in a rut.
— Straits Times (annoying popups)

Singapore plans to regulate 11 chemicals as hazardous substances
Singapore’s National Environment Agency (NEA) is planning to place controls on 11 chemicals, in accordance with proposed updates by international conventions.
— Chemical Watch

Committees being set up to help workers
The labour movement is getting more involved in company training in efforts to be relevant to more workers. By being ready for new technology and business models, workers can have better job prospects.
— Straits Times (annoying popups)

Malaysian Foreign Minister: Water sold to Singapore must match market rate
Putrajaya–According to Datuk Saifuddin Abdullah, Malaysia’s Foreign Minister, negotiations between Singapore and Malaysia over the price of water should aim for an equitable result for both parties. Moreover, he emphasized that the price of water needs to match the market rate. At an interview …
— The Independent

Heng Swee Keat’s appointment as next DPM sends ‘clear signal’ of succession: Analysts
Mr Inderjit Singh says being the only Deputy Prime Minister come May 1 will allow Mr Heng to show his capabilities by leading some “significant” policies and initiatives.
— CNA  (very annoying popups)

NUS student Monica Baey overwhelms with the public support and hopes case will be re-opened
National University of Singapore (NUS) undergraduate Monica Baey, who is currently in the limelight for highlighting her case of being filmed by a male student while she was taking a shower in the hostel, said that she is glad with the support that she has been receiving, and hoped that her case will be reopened.
— The Online Citizen

Train testing centre to be built at former Raffles Country Club site
A new integrated train testing centre (ITTC) will soon be built at the former Raffles Country Club site to test rail systems around the clock without disrupting passenger services on the main lines.
— CNA  (very annoying popups)

Best World shares down 9% on attacks by short sellers Bonitas Research and Valiant Varriors
Best World International, the distributor of skincare, nutritional and wellness products, has been hit by damning reports by two separate short sellers on Wednesday morning: Bonitas Research and Valiant Varriors.
— The Edge Singapore

ARA US Hospitality Trust Seeks $451 Million in Singapore IPO
ARA US Hospitality Trust is seeking to raise $450.7 million in Singapore’s first main board initial public offering this year.
— Yahoo Finance

Public can use some of BlueSG’s electric vehicle chargers now
Electric car-sharing operator BlueSG has released 99 charging points across 25 locations for public use.
— Straits Times (annoying popups)

Free data, discounted mobile phone plans for drivers as Gojek aims for timelier rides
For four months since its launch in Singapore, ride-hailing firm Gojek has been offering promotions to commuters. Now, it is enhancing welfare incentives for drivers in a bid to expand the pool and ensure passengers get timely rides.
— Today Online

How start-ups can overcome Singapore’s poor retention rates
Constant upheaval is never good for a harmonious environment Keeping a hold on staff is one of the biggest problems businesses in Singapore face.
— e27

SMU, NTU take steps to better protect students from sexual harassment on campus
Singapore Management University (SMU) and Nanyang Technological University (NTU) are taking steps to better protect students from sexual misconduct and harassment on campus.
— CNA  (very annoying popups)

Today’s top tech news, April 24: Chinese Luckin Coffee has filed for U.S. IPO
Also, Singtel and Go-Jek partners to offer more perks, and Curlec partners with HelloGold to launch new gold investment option Luckin Coffee files for U.S. IPO, continues its ambition taking on Starbucks [Bloomberg] Chinese coffee chain startup Luckin Coffee Inc. has filed for U.S. initial public offering and seeks to list on the Nasdaq under the code name LK.
— e27

Huawei Cloud ramps up AI efforts with Singapore lab, partners
Huawei is ramping up its efforts in cloud and artificial intelligence (AI) with the launch of a lab in Singapore and new partnerships in the region to jointly develop applications in these two areas.
— ZD Net

ST Engineering wins US Navy $1 bil contract to build icebreaking cutter
ST Engineering has won a contract from the US Department to build a polar icebreaking cutter through its US-based shipbuilder VT Halter Marine.
— The Edge Singapore

Train test centre may reduce need for shorter station hours
Will early closures and late openings of MRT stations be eliminated when Singapore’s first integrated train testing centre (ITTC) opens around late 2022?
— Straits Times (annoying popups)

SMRT Feedback condemns OnHand Agarian’s move to cut all dealing with NUS, company’s owner responds
On Sunday (21 April), local urban farm OnHand Agarian took to its Facebook page to announce that the company will be ceasing all dealings with the National University of Singapore (NUS) in response to how the school handled its recent sexual misconduct case.
— The Online Citizen

Learning how to better serve bank customers with disabilities
The lives of people with disabilities are filled with daily challenges that those who are able-bodied do not fully understand, said chief executive Kwek Kok Kwong of NTUC LearningHub. Going to the bank can be one such challenge.
— Straits Times (annoying popups)

NTUC working on retirement, re-hiring ages of 65 and 70
THE tripartite workgroup set up to address issues for Singapore’s ageing workforce is now in the advanced stages of determining the new retirement and re-employment ages, NTUC Secretary-General Ng Chee Meng said on Monday.
— The Business Times

Maid killing employer, allegedly pre-meditated, details in diary
Indonesian national Daryati, who is accused of killing her female employer, Madam Seow Kim Choo, 59 years old, purportedly premeditated the killing for several weeks and executed her plan in 2016.
— The Independent

Ex-remisier Ng denies being coached; RHB trader Alex Chew admits to telling the whole truth only in third statement
In Day Six of the trial of John Soh Chee Wen, the defence wrapped up their cross examination of the prosecution’s first witness, former OCBC Securities remisier Ng Kit Kiat.
— The Edge Singapore

Chance for young drivers to get lower insurance premiums
Most young and new drivers face steep insurance premiums, but the Automobile Association of Singapore (AA Singapore) is willing to go low – on two conditions.
— Straits Times (annoying popups)


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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