Singapore morning news for August 14

S’pore GDP growth forecast for 2019 reduced to 0%-1%
Singapore’s 2019 GDP growth forecast has been cut to 0 to 1 percent.
— Mothership

Scoot offers full refund, rebooking options for those flying between Hong Kong and Singapore
Scoot customers travelling to or from Hong Kong this week will be able to get a full refund or rebook their flights, amid continuing disruption to Hong Kong airport’s operations by protesters on Tuesday (Aug 13).
— Channel NewsAsia (very annoying popups)

Singapore is heading for a recession. The trade war is hurting
Singapore could be heading for a recession after it reported a big drop in economic activity in the second quarter of the year.
— CNN

What’s Behind the Unveiling of Singapore’s New Armored Fighting Vehicle?
The development highlighted how the country is going about its efforts to modernize its military capabilities.
— The Diplomat

Singapore looking into ways to store, use carbon emissions | Video
Singapore is exploring ways to trap the carbon dioxide it produces – thereby cutting emissions and fight climate change. However, some experts say widespread adoption of the measures will take at least a decade. Junn Loh reports.
— CNA

Kayak belonging to missing Singaporeans found as search operations enter fifth day in Malaysia
The kayak belonging to the two Singaporeans who went missing off Mersing in Johor five days ago has been found, said the Johor maritime agency on Tuesday (Aug 13).
— Channel NewsAsia (very annoying popups)

Public slams Manpower Minister for not increasing employees’ legal annual leave of 7 days, while she enjoys 18 days paid annual leave
On Tuesday (6 August), Minister of Manpower Josephine Teo revealed that the Ministry has no plans to increase the minimum legal entitlement of seven days annual leave for employees in Singapore.
— The Online Citizen

SAP launches Singapore accelerator for SE Asian enterprise tech start-ups
German software giant SAP aims to groom South-east Asian start-ups specialised in enterprise tech, with the launch of its first accelerator in Singapore on Tuesday (Aug 13).
— Straits Times (annoying popups)

Singapore billionaires’ hotpot stock Haidilao still has steam left to rise after jumping 78%, say analysts
The Sichuan-based firm is the market leader in hotpot in China, where customers are willing to queue for hours to get a table at one of its over 500 outlets.
— Straits Times (annoying popups)

Bicycle-sharing firm Moov applies to expand fleet of 1,000 bikes
The shared bike population in Singapore could grow further, with newcomer Moov Mobility looking to expand its fleet.
— Straits Times (annoying popups)

Club cashier who filmed rape at Downtown East chalet gets jail, fine
A man who filmed the rape of a woman in a chalet at Downtown East was on Tuesday (Aug 13) sentenced to a year and three months in jail and fined S$20,800.
— Channel NewsAsia (very annoying popups)

Singaporeans should be ready for challenges but need not be overly pessimistic, says Chan Chun Sing after lower GDP growth forecast
Mr Chan’s comments came after the official growth forecast for the year was revised to between 0 per cent and 1 per cent, down from 1.5 to 2.5 per cent.
— Straits Times (annoying popups)

Lawyer M Ravi speaks to ABC News Australia regarding Singapore’s latest “execution binge”
International human rights lawyer M Ravi recently spoke to ABC News Australia about Singapore’s recent “execution binge” after more and more people on death row have had their bids for clemency declined.
— The Online Citizen

Singapore banks face rising asset risk, slowing income growth: Moody’s
Singapore’s three largest banks by assets – DBS, OCBC, and UOB – will face rising asset risk and slowing income growth in 2019 as economic conditions worsen, despite posting record results for the first half-year, Moody’s Investors Service said in a report released on Tuesday (Aug 13).
— Straits Times (annoying popups)

50 firefighters and seven water jets put out massive vegetation fire in Marina East
An area the size of two football fields were aflame on Monday night (12 August) near East Coast Park.
— The Online Citizen

Braddell View owners trying again for en bloc sale at same $2.08b reserve price
Singapore’s largest private residential site – Braddell View estate – has been relaunched for collective sale by tender, with the owners’ reserve price remaining unchanged at an eye-grabbing $2.08 billion.
— Straits Times (annoying popups)

Early closures and late openings for selected North-South Line stations in August and September
Selected stations on the North-South line will experience early closures and late openings in August and September to facilitate power supply system renewal and maintenance works, SMRT said in a statement on Tuesday (Aug 13).
— Straits Times (annoying popups)

2020 school year to start on Jan 2, end on Nov 20
The 2020 school year for all primary and secondary schools will start on Thursday, Jan 2, and end on Friday, Nov 20, the Ministry of Education (MOE) announced on Tuesday (Aug 13).
— Channel NewsAsia (very annoying popups)

MAS says ‘not considering’ off-cycle monetary policy review
The Monetary Authority of Singapore (MAS) said on Tuesday (Aug 13) that it is “not considering” holding an off-cycle policy meeting, even as growth in the Singapore economy slowed to a decade-low amid an escalating trade conflict.
— Channel NewsAsia (very annoying popups)

Two suspicious minds better than one in curbing dirty money flows
EVERY year, roughly 35,000 suspicious transaction reports (STRs) are filed with the Singapore regulators by banks and other businesses to flag financial transactions that may smell fishy, Singapore regulators told The Business Times.
— The Business Times

Residents are targets for dirty money fronts in business friendly Singapore
THERE are thousands of corporate services firms in Singapore that offer Singapore residents as directors of Singapore-incorporated companies for as little as S$250 a month.
— The Business Times

Young parents want to continue other life pursuits, says Manpower Minister Josephine Teo
Almost half of all Singaporeans, or 45 per cent, feel they are able to meet their work, family and personal responsibilities, according to new survey findings.
— Straits Times (annoying popups)

Today’s top tech news, Aug 13: Flat Monthly gets US$320K, Verizon to sell Tumblr to WordPress owner
In addition to Flat Monthly and Tumblr, we also have updates from Zhihu and Faircent Singapore’s Flat Monthly raises US$320,000 – Tech In Asia Singapore-based online property rental platform Flat Monthly has raised US$320,000 in seed funding from Hong Kong’s Terra Capital, Tech In Asia reported.
— e27

OG founder’s grandson need not pay prosecution’s legal costs in harassment case
The grandson of the founder of OG department store, convicted of harassing his wife’s then husband who had brought the charge against him, does not have to pay the legal costs of the prosecution.
— Straits Times (annoying popups)

ComfortDelGro Q2 earnings inch up 1.2% to $75.9m
Transport giant ComfortDelGro Corp posted a 1.2 per cent rise in earnings to $75.9 million for the second quarter, with higher public transport takings and contributions from new acquisitions offset by lower investment income, higher financing charges and unfavourable exchange rates.
— Straits Times (annoying popups)

Following US$2M funding, Singapore’s forex-tech startup Koku to expand into Indonesia
In April, Koku raised US$2 million led by Decent Capital, an investment firm started by Jason Zeng, who had co-founded Tencent Koku, a Singapore-based fintech startup which provides foreign exchange tech solutions to non-bank financial intermediaries (NBFIs), has announced its plans to expand into Indonesia.
— e27

Clubs and affiliates of Singapore Athletics call into question the governance of the Singapore Masters Athletics, appealed for realignment
At least 11 clubs and affiliates of Singapore Athletics (SA) have filed an appeal with its President Tang Weng Fei asking for a realignment and to create an inclusive Masters athletics environment in Singapore.
— The Online Citizen

Woman develops serious side effects after taking unlabelled pills for headaches
A woman in her 50s developed Cushing’s syndrome after she consumed unlabelled capsules she bought from a peddler at Redhill market, the Health Sciences Authority (HSA) said on Tuesday (Aug 13).
— Channel NewsAsia (very annoying popups)

Singapore’s gaming chairs startup Secretlab gets funding from Temasek’s Heliconia Capital
Secretlab will use the money for R&D initiatives, procurement of supply chain, as well as to attract talents and global partnerships Secretlab, an online retailer of gaming and office chairs headquartered in Singapore, has secured an undisclosed sum in funding from Temasek-owned Heliconia Capital Management.
— e27

Industry body for cryptocurrency enterprises develops code of practice, seeks public feedback
The association of Cryptocurrency Enterprises and Startups, Singapore (Access) is seeking public feedback for its newly developed draft code of practice.
— Straits Times (annoying popups)

TPV Technology heading for privatisation by scheme of arrangement
CEIEC (HK) Limited, and parties acting in concert with it, are proposing to take mainboard-listed electronics company TPV Technology private through a scheme of arrangement.
— Straits Times (annoying popups)

HRnetGroup Q2 profit falls 11.5% to $11.5m
HHRnetGroup on Tuesday (Aug 13) posted a 11.5 per cent fall in net profit to $11.5 million for the second quarter, from $13 million a year ago on the back of lower margins from flexible staffing.
— Straits Times (annoying popups)

Telok Kurau murder trial: Maid accused of killing employer gave police statement ‘under oppression’, defence claims
An Indonesian maid accused of murdering her employer and stabbing the late woman’s husband gave a police statement under oppression, the defence claimed on Tuesday (Aug 13).
— Channel NewsAsia (very annoying popups)

What Happened To Singapore Airlines’ Concorde?
When you hear the story of Concorde, it’s always all about Air France and British Airways.
— Simple Flying

Feature photo Lee Hsien Loong

This week’s Singapore morning news feature photo depicts life throughout the Asean community.

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).

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About Singapore morning news.

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Singapore morning news for August 14 added by Justhine De Guzman Uy on August 14, 2019
View all posts by Justhine De Guzman Uy →

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Justhine De Guzman Uy

Writer at AEC News Today

Justhine De Guzman Uy completed a Bachelor of Arts Major in Mass Communication at New Era University, Quezon City, the Philippines in 2016

After graduation she worked at the Philippine Broadcasting Service performing transcription and business news writing, before moving to Eagle Broadcasting Corporation where she worked as a news editor, translator and production assistant.