Singapore morning news for April 30

Singapore morning news for April 30

Singapore morning news60% of Singaporean households recycle regularly, but many not doing it right: Surveys
Can plastic toys, clothes and glass pots be recycled? If you say yes, you’re not alone, but these items do not belong in a recycling bin, according to authorities.
— CNA  (very annoying popups)

Singaporeans snap up biggest share of homes compared to foreigners in decade
Singaporeans’ deep-seated desire for home ownership has seen them snap up the biggest share of residential properties versus foreigners in a decade.
— The Edge Singapore

Singapore activist fined for Facebook post on courts
A Singaporean activist was Monday fined for questioning the independence of the judiciary on Facebook, the latest case to highlight what critics say is the country’s heavy-handed approach towards dissent.
— The Jakarta Post

Singapore’s endangered turtles fight to survive after government closes sanctuary
Hundreds of turtles and tortoises, including rare and endangered species, face an uncertain future after their Singapore sanctuary – a Guinness World Record holder – was forced to relocate due to government redevelopment plans.
— Asia One

Singapore suspends license of Southernpec on suspicion of equipment tampering
The Maritime and Port Authority of Singapore (MPA) is investigating bunker craft operator Southernpec (Singapore) Pte Ltd for equipment tampering during a bunkering operation, the agency said in an email on Monday.
— Reuters

Singapore, China sign 5 deals to boost cooperation in economy, customs operations
Singapore on Monday (Apr 29) inked five partnerships with China in the areas of business, customs enforcement and infrastructure investment.
— CNA  (very annoying popups)

Understanding the four critiques of Singapore’s meritocracy
Though Singapore’s meritocratic educational system has come under criticism of late, I believe we are often unclear on why Singaporeans are unhappy.
— Today Online

Recycling rates in Singapore still low: Survey
About six in 10 Singaporean households say they recycle at least once a week, according to a new survey here. But recycling rates remain low, and many still get it wrong when it comes to what can go into the ubiquitous blue recycling bins around the island, according to the survey.
— Straits Times (annoying popups)

Singapore’s bet on tech startups gains ground with 150 VC funds
Singapore’s effort to create an ecosystem to support startups is gaining ground, with the city-state now home to more than 150 venture capital funds.
— The Edge Singapore

Mining firm sets up tech innovation centre in Singapore
A tech innovation centre was launched yesterday by Golden Energy and Resources (Gear), a mining company linked to Indonesia’s Sinar Mas Group.
— Straits Times (annoying popups)

Singapore buildings put on a cool, green face
Hotels, stores and shopping malls in Singapore, looking for a way to cut their air conditioning bills and spruce up their environmental image, are increasingly adding greenery to their exterior walls.
— Nikkei Asian Review (paywall)

DBS posts record profit on lending gains, raises bar for Singapore banks
Southeast Asia’s biggest lender DBS Group Holdings beat market estimates to post a record quarterly profit, as strong lending income offset weakness in wealth management, brokerage and investment banking fees.
— The Edge Singapore

Strategic Security Dialogue Highlights US-Singapore Defense Relations
The highest-level defense interaction between the two sides spotlighted some of the key issues within their security ties.
— The Diplomat

Wanted: Ideas for revamp of Marina Bay’s floating platform
Suggestions for facilities and activities are being sought for the new, permanent space that will replace The Float @ Marina Bay and be renamed NS Square.
— Straits Times (annoying popups)

As DPM, Heng Swee Keat will take on more political responsibilities: PM Lee
Finance Minister Heng Swee Keat will take on more political responsibilities when he becomes Deputy Prime Minister (DPM), and this includes playing a greater role in the next General Election, said Prime Minister Lee Hsien Loong on Monday (Apr 29).
— CNA  (very annoying popups)

Most S’porean households recycle regularly, but many can’t differentiate between ‘recyclable’ and ‘reusable’
About six in 10 Singaporean households recycle regularly, with the most common channel being the blue recycling bins located around housing estates, two surveys conducted by the authorities have shown.
— Today Online

No Signboard assisted in CAD probe over aborted Jan share buyback
Seafood restaurant operator No Signboard Holdings says the company from last Wednesday to Friday assisted in Commercial Affairs Department (CAD) investigations related to its abortive share buyback in January.
— The Edge Singapore

PM Lee says Singapore-China relations ‘not personal to a few or to particular leaders’
The ongoing leadership transition in Singapore will not affect its relationship with China as ties between both countries are “not personal to a few or to particular leaders”, said Prime Minister Lee Hsien Loong on Monday (Apr 29).
— CNA  (very annoying popups)

The Monthly Nibble: REITs and Dividend Shares
Singapore real estate investment trusts (REITs) and blue-chip shares with tasty dividend yields were hot topics this month on The Motley Fool Singapore.
— The Motley Fool

Getting serious about personal data protection
Consumers today expect businesses to handle their personal data with care. When data is misused, trust is lost, according to a consumer survey conducted by the Personal Data Protection Commission (PDPC).
— The Edge Singapore

Heng Swee Keat: Countries should work closely together to build a more peaceful and prosperous world
Ahead of the Finance Minister’s first May Day Rally speech, Heng Swee Keat emphasised the importance of international cooperation to ensure a good future and to build a better world.
— The Independent

Enterprise Singapore, MAS to match startups with global investors
STARTUPS can expect more matchmaking opportunities with global investors as Enterprise Singapore works with the Monetary Authority of Singapore (MAS) to catalyse funding.
— The Business Times

Nearly 3 in 4 persons with dementia in Singapore feel ashamed, rejected: Study
Those suffering from dementia feel rejected, lonely, ashamed and less competent, Singapore’s first national survey on dementia revealed on Monday (Apr 29).
— CNA  (very annoying popups)

Mass resignations at SMRT in the last 8 months
SMRT, the leading multi-modal public transport operator in Singapore, has seen an exodus of over thirty human resources executives and senior engineers within the last eight months, which is a puzzlingly high attrition rate.
— The Independent

Scoot to cancel flights to four cities due to weak demand, aircraft shortage
Scoot will be suspending services to four cities from late June onwards, due to both weak demand and a shortage of aircraft.
— Today Online

Firms urged to view reskilling, training as investment
Only two countries have designed a framework to help workers re-skill and remain employable, and they are Singapore and France, said Mr Alain Dehaze, chief executive of Swiss staffing company The Adecco Group.
— Straits Times (annoying popups)

Singapore’s appetite for foreign hires is diminishing in 2019
Jobseekers are urged to upskill as HR departments become pressured to employ local staff.
— Singapore Business Review

Analyst sentiments on Mapletree Logistics Trust turn lukewarm due to valuations
CGS-CIMB Research is downgrading its call on Mapletree Logistics Trust (MLT) from “add” to “hold” due to high valuations of 1.3 times price-to-book and a 5.4% yield, as well as the risk of a default from CWT.
— The Edge Singapore

Voicing the people’s concerns over POFMA – there is a lack of trust in the government
On Sunday (28 April), a gathering was held at Hong Lim Park where members of the public voiced their concerns over the proposed Protection from Online Falsehoods and Manipulation Act.
— The Online Citizen

Silver linings in economy amid weak sentiment
THE indicators have not been painting a rosy picture of Singapore’s economy, but the worst might soon be over, said economists, expecting some recovery in this year’s second half.
— The Business Times

DBS posts record profit on lending gains, raises bar for Singapore banks
DBS Group, Southeast Asia’s biggest lender, reported an 8.5 per cent rise in quarterly profit on Monday to beat market estimates, powered by a rise in net interest income.
— CNA  (very annoying popups)

Green bonds to save the planet
Green bonds could be a key tool to finance the fight against climate change. But good luck getting your hands on one, or figuring out exactly what it is worth.
— The Edge Singapore

Hundreds of students issue open letter to NUS leadership after disappointing town hall meeting on sexual harassment
Over 300 National University of Singapore (NUS) students have issued an open letter to the university’s leadership, in the wake of the disappointing town hall meeting on sexual harassment on campus that took place, last week.
— The Independent

Singapore closer to becoming Asia’s debt restructuring hub
SINGAPORE is a step closer to fulfilling its aim to become an international debt restructuring hub, akin to London or New York, after a landmark ruling by an English court to recognise the city-state’s new moratorium law for insolvency and corporate restructuring.
— The Business Times

High expenses, potential competition remain concerns for SGX this year
OCBC Investment Research is downgrading its call on Singapore Exchange (SGX) to “hold” while lowering its fair value estimate to $7.60 from $7.98 previously, in view of a muted outlook.
— The Edge Singapore

Doctor in Australia suspended over rape comments on Singapore online forum HardwareZone
A doctor will begin his suspension from practice in Australia on Tuesday (Apr 30) after he posted inappropriate and offensive statements on online forums, including Singapore’s
— CNA  (very annoying popups)

PM Lee: Heng Swee Keat will take on leading role in next GE
Heng downplayed his role, and PM Lee gently reminded him that he has understated his role.
— Mothership

Foreigners welcome Nas Daily to Singapore and share how amazing the country is to him
In case you’ve not heard it, famous travel vblogger Nuseir Yassin, better known as the founder of Nas Daily, has officially moved to Singapore with his girlfriend, Aylne Tamir.
— The Online Citizen

Singapore startup scene should view next decade with cautious optimism
While there may be turbulent waters ahead, Singapore’s leaders have reason to to believe better days lay ahead For the most part, the world’s mature economies are looking ahead to the 2020s with some combination of trepidation and cautious optimism.
— e27

Singapore Zoo’s newest residents are fossas from Madagascar
The Singapore Zoo’s latest exhibit features a pair of fossas (pronounced foo-sas), a creature related to the mongoose family found in Madagascar.
— Straits Times (annoying popups)

Smokers queue in a designated box outside Lucky Plaza to have their smoke
Singaporeans displayed their civic consciousness once more this time by queuing up to smoke. This was pictured in a photo circulated online of a Designated Smoking Area (DSA) filled to the brim with smokers, with some waiting in line for their turn.
— The Independent

Meet the Singaporean immigrants taking a bite out of the Big Apple
How far would you travel for crabs slathered in black pepper and spicy sauce, an experience that requires more napkins than you have hands, and is likely to blemish your clothes?
— Asia One

Manulife US REIT acquires Virginia asset for US$122 mil; proposes US$94 mil private placement to fund deal
Manulife US REIT has agreed to acquire a freehold 11-storey Class ‘A’ office asset at the Washington Metropolitan area in Fairfax, Virginia, for a consideration of US$122 million ($166.1 million) from Carr Properties.
— The Edge Singapore

Johor official hopes for good ties between Singapore, KL
Johor’s newly appointed state Public Works, Infrastructure and Transportation Committee chairman Solihan Badri hopes Malaysia and Singapore will continue to maintain good neighbourly ties.
— Straits Times (annoying popups)

Downturn could pare appetite of corporate venture capitalists
THE recently-crowded field of corporate venture capital (CVC) could face a reckoning if global economic conditions sour, industry watchers caution.
— The Business Times

Three Singapore films, including a first from NTU, selected for Cannes Film Festival 2019
The films include the first short from NTU School of Art, Design & Media and an animated surreal dark comedy written by Eric Khoo and helmed by Huang Junxiang and Jerrold Chong.
— CNA  (very annoying popups)


Feature photo Singapore International Jazz Festival

This week’s Singapore morning news feature photo acknowledges International Jazz Day, 30 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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