Singapore morning news for August 20

Singapore morning news for August 20

Singapore morning news

New guide offers Singapore maritime firms a framework for sustainability reporting
THE MARITIME and Port Authority of Singapore (MPA), along with its partners, have launched the first sector-specific guide that will provide both listed and non-listed maritime companies with a practical framework, including best practices, for creating a maritime sustainability report.
— The Business Times

PSD to raise retirement, re-employment ages in 2021; more than 2,000 public officers to benefit
The Public Service Division (PSD) said on Monday (Aug 19) that it will raise the retirement and re-employment ages of its officers by one year to 63 and 68 respectively in July 2021, benefiting more than 2,000 employees.
— Channel NewsAsia (very annoying popups)

Govt no longer requires typhoid vaccination for food handlers including foreign workers
The Ministry of Health (MOH) and the Singapore Food Agency (SFA) has finally revealed in a joint statement yesterday (17 Aug) that there has been an outbreak of typhoid fever in Singapore.
— The Online Citizen

Singapore continues to attract investments despite global economic headwinds
Despite trade tensions and other global uncertainties slowing down the economy to levels last seen a decade ago, investments into the country seem to have held steady so far.
— Channel NewsAsia (very annoying popups)

Up to 2 points total CPF hike for older workers in Jan 2021
CENTRAL Provident Fund (CPF) contribution hikes for older workers will kick off on Jan 1, 2021, with employers and employees each increasing their contribution by either 0.5, or 1 percentage point, depending on the age bands.
— The Business Times

Re-employment helps workers ease into retirement, not meant to build up nest egg
THE first thing that hits me after reading the Tripartite Workgroup on Older Workers’ proposals is this: I’m left out of it.
— The Business Times

Singapore VC fund manager among world’s top performers
SINGAPORE-based East Ventures is among five firms named as the most consistently top-performing venture capital (VC) fund managers in the world by alternatives data source Preqin.
— The Business Times

New $38m hub to spearhead diagnostics research
Researchers at the National University of Singapore (NUS) are working to find a way to predict heart attacks long before any symptoms manifest.
— Straits Times (annoying popups)

Shell rolling out electric vehicle charging points
Shell has become the first fuel retailer here to offer electric vehicle charging points at its stations.
— Straits Times (annoying popups)

Singapore is third-most robust data centre market: Report
Singapore is the third-most robust data centre market in the world and the most developed in South-east Asia, a report said yesterday.
— Straits Times (annoying popups)

Fintech sector expected to hire more: Survey
Hiring is expected to pick up among fintech companies in Singapore as the sector’s prospects continue to look bright amid the global economic uncertainty.
— Straits Times (annoying popups)

Singapore dividend payout in Q2 down 11.6%: Report
The slowing world economy is starting to take its toll on dividend payouts, a report stated yesterday.
— Straits Times (annoying popups)

Malaysia, Singapore reach ‘understanding’ over RTS Link project: Malaysian Transport Minister
Malaysia and Singapore have reached “an understanding” over the Johor Bahru-Singapore Rapid Transit System (RTS) Link project, Malaysia’s Transport Minister Anthony Loke said on Monday (Aug 19).
— Channel NewsAsia (very annoying popups)

Here Are Some Cheap Shares from Singapore’s Stock Market
Want to know what are some of the cheapest shares in the Singapore stock market? Look no further.
— The Motley Fool

Timeline for changes in retirement, re-employment ages not arrived at ‘lightly’: Josephine Teo
SINGAPORE: Although economic conditions have been growing increasingly uncertain, the workgroup assessing when to raise Singapore’s retirement and re-employment ages decided that the changes should start to be introduced in the middle of 2022.
— Channel NewsAsia (very annoying popups)

Greater Southern Waterfront a boost to likes of KepCorp, MCT
MAPLETREE Commercial Trust (MCT) and Keppel Corp are well-positioned to benefit from the development of the Greater Southern Waterfront (GSW), analysts said, while also singling out Frasers Commercial Trust and Genting Singapore as potential beneficiaries.
— The Business Times

HDB flats on prime Keppel Club site: Premium prices or tweaked sales terms?
THE prospect of having public housing on the plum Keppel Club site after its lease expires in two years has excited property market watchers.
— The Business Times

Firms looking for support in next Budget for upcoming CPF hikes for older workers
Some said the cost was likely to be manageable as the rise would be gradual, over 10 years or so from 2021, and older workers formed a smaller part of their workforce.
— Straits Times (annoying popups)

Engineering solutions to tackle rising sea levels important but more research vital: Experts
Experts on Monday (Aug 19) welcomed the possibility of implementing engineering solutions such as land reclamation to tackle rising sea levels but stressed the need for more research into the impact of climate change.
— Channel NewsAsia (very annoying popups)

It will be the end of Singapore if people who lack “honesty, dedication and competency” run the Government, says ESM Goh
While speaking at the Marina Parade National Day Dinner on Saturday (17 August), Emeritus Senior Minister Goh Chok Tong said that it’s getting tougher to convince individuals who are dedicated, able and honest to join politics and serve the country.
— The Online Citizen

PM Lee: POFMA would catch you if you spread fake news about CPF withdrawal ages on social media
At the National Day Rally 2019 yesterday (18 Aug), Prime Minister Lee Hsien Loong took the opportunity to lash out at fake news circulating on social media, saying that government would be changing withdrawal policies of the Central Provident Funds or CPF withdrawal ages.
— The Online Citizen

Gardens by the Bay murder: Man gets life imprisonment for killing mistress, burning her body
A man convicted of murdering his mistress and burning her body over three days was sentenced to life imprisonment on Monday (Aug 19), three years after strangling the 31-year-old woman in his car at Gardens by the Bay.
— Channel NewsAsia (very annoying popups)

2 Companies with Great Growth Prospects and High Dividend Yields
Investors who are looking for that sweet mix of growth plus yield should definitely take a look at these two promising companies.
— The Motley Fool

SRS account start date determines when penalty waiver kicks in
WHEN can account holders withdraw funds from voluntary Supplementary Retirement Scheme (SRS) accounts without incurring penalties?
— The Business Times

Medtech hub opens with support from healthcare clusters
A NEW hub connecting startups, organisations and professionals in the healthcare industry opened its doors to the community on Monday.
— The Business Times

Bicentennial show set to welcome 600,000
When 33,000 tickets were snapped up for the bicentennial showcase at Fort Canning Centre on Aug 7 alone, the team behind the experience rang up ticketing service Sistic to ask if there had been an error.
— Straits Times (annoying popups)

Group sought to meet workers’ interests while mindful of costs
When the high-level workgroup looking at issues concerning older workers went to the Netherlands for a study trip in January this year, they sat down to discuss the timeframe for the changes they were proposing.
— Straits Times (annoying popups)

Public Service to prepare officers for longer careers
The Public Service will be rolling out more programmes to get its officers ready for longer careers, with the earliest to start next month, it said yesterday.
— Straits Times (annoying popups)

Man, 31, allegedly raped at least 5 teen girls
A 31-year-old Chinese national allegedly raped and sexually assaulted at least five teenage girls aged 14 to 19 years old between last September and June this year – nearly one offence each month.
— Straits Times (annoying popups)

Four taken to hospital after fire in Jurong flat
Singapore Civil Defence Force (SCDF) firefighters had to rescue a woman from a kitchen ledge after fire broke out in a fifth-floor unit of Block 158 Yung Loh Road at about 7.45pm on Sunday.
— Straits Times (annoying popups)

Businessman sues mistress over $2m he paid her
A 55-year-old businessman who paid out $2 million to his mistress over a three-month period has sued her to get back the money, claiming that the sum was a loan.
— Straits Times (annoying popups)

2 teenagers given probation over e-scooter accidents
Two teenagers were given probation yesterday after they injured pedestrians while riding e-scooters.
— Straits Times (annoying popups)

Duty-unpaid cigarettes encased in concrete blocks
A Malaysia-registered lorry was carrying a consignment of 16 concrete blocks, but Immigration and Checkpoints Authority (ICA) officers at Tuas Checkpoint on July 27 spotted anomalies.
— Straits Times (annoying popups)

Trans-Cab boss venturing into car financing and leasing
Sixteen years ago, cooking gas supplier Teo Kiang Ang got out of his comfort zone and plunged headlong into the taxi business – the first to do so when the Government liberalised the industry, which was then dominated by ComfortDelGro.
— Straits Times (annoying popups)

Ardmore Medical Group puts IPO plans on hold
Ardmore Medical Group has put its initial public offering (IPO) plans on hold in view of ongoing developments to its business and the current market conditions and geopolitical climate, it said yesterday.
— Straits Times (annoying popups)

Johor to not depend on Singapore for treated water by 2022: Malaysian minister
Johor is expected to not depend on Singapore for treated water by 2022, said Malaysia’s Water, Land and Natural Resources Minister Xavier Jayakumar on Monday (Aug 19).
— Channel NewsAsia (very annoying popups)

5 Singapore Blue-Chip Shares with the Highest Dividend Yields
A quick look at the top five Straits Times Index (SGX: ^STI) stocks with the tastiest dividend yields.
— The Motley Fool

GIC buying 25.1% stake in Sydney office property trust
Sovereign wealth fund GIC is acquiring a 25.1 per cent stake in Lendlease International Towers Sydney Trust from the Canada Pension Plan Investment Board and Lendlease Group, it said yesterday.
— Straits Times (annoying popups)

Start-up RedDoorz raises $97m, eyes new tech hub in Vietnam
Hospitality start-up RedDoorz has raised US$70 million (S$97 million) in its ongoing Series C funding round, the company announced yesterday.
— Straits Times (annoying popups)


Feature photo Singapore Red Cross

This week’s Singapore morning news feature photo focuses on World Humanitarian Day, August 19.


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).


About Singapore morning news.

Singapore morning news roundup is the most comprehensive hand-curated selection of Singapore English language news headlines published. Each weekday we scour hundreds of local and international news sites and websites to find the most recent Singapore English language news today.

We filter our the dull, the boring, the repetitive, and the click-bait and package all of the Singapore daily news that you need to know to start your day into an easy to read, time saving format of Singapore news headlines and first paragraphs before 8.15am Singapore time.

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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.

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