Singapore morning news for August 8

Singapore morning news for August 8

Singapore morning news

Singapore ranks 32 out of 40 for work-life balance, second most overworked city
Singapore was among the bottom 10 for work-life balance and ranked the second most overworked city in a study of 40 cities released on Wednesday (Aug 7).
— Channel NewsAsia (very annoying popups)

New international arbitration centre in Singapore to focus on China-Asean disputes
The new Beihai Asia International Arbitration Centre (BAIAC) will open in Singapore on Thursday (Aug 8), to provide lower-cost and efficient international arbitration services for small- to medium-value disputes in cross-border commercial transactions.
— Straits Times (annoying popups)

5 firms fined over data breaches
Five companies have been fined $117,000 in the last three weeks for failing to secure the personal data of their customers and staff.
— Straits Times (annoying popups)

Prudential raises CPF contribution rate for employees above 55 years old
Prudential Singapore has raised its Central Provident Fund (CPF) contribution rate for workers above the age of 55 to match that of their younger colleagues, the insurance company announced on Wednesday (Aug 7).
— Channel NewsAsia (very annoying popups)

Singapore’s Helicap acquires securities firm Arcor Capital to champion alternative lending
Arcor Capital will work with Helicap Investments to raise US$180 million in capital from accredited investors Singapore-based fintech platform that specialises in alternative lending in Southeast Asia, Helicap, today announced its acquisition of securities firm Arcor Capital for an undisclosed sum.
— e27

A ‘powerful statement’ for multilateralism, says PM Lee as 46 countries ink Singapore Convention on Mediation
Forty-six countries, including the United States and China, signed a new international treaty on mediation named after Singapore on Wednesday (Aug 7) – which Prime Minister Lee Hsien Loong described as a powerful statement in support of multilateralism.
— Channel NewsAsia (very annoying popups)

Singapore’s Hello Health Group acquires Marry Network from media firm Ringier Vietnam
The deal includes two Vietnam-based online platforms centred around parenting and weddings Singapore-based Hello Health Group, which runs various health content information sites in Asia, has announced the acquisition of Marry Network from global media company Ringier Vietnam.
— e27

HSBC Singapore rolls out global mortgage solution, starting with property in Australia
HSBC Singapore on Wednesday (Aug 7) launched its first overseas mortgage solution, that will initially be offered to customers looking to finance residential property investments in Australia, before being rolled out to other markets.
— Straits Times (annoying popups)

Corporate governance has made progress, but practices need to evolve, 2019 index finds
THE scores for the Singapore Governance and Transparency Index (SGTI) may have reached new highs this year, but a substantial proportion of companies are still struggling to adopt corporate governance best practices that are in step with the times.
— The Business Times

SGX RegCo: More oversight to boost market confidence
LISTED companies can expect the Singapore Exchange Regulation (SGX RegCo) in the coming months to increase its regulatory presence to strengthen investor confidence and deter wrongdoings.
— The Business Times

Stay united amid looming challenges: President
Singapore celebrates its 54th National Day, Singaporeans must stay strong and united to tackle looming challenges together, President Halimah Yacob said yesterday.
— Straits Times (annoying popups)

CEO who sexually assaulted son’s schoolmate loses appeal
The Court of Appeal on Wednesday (Aug 7) rejected arguments by a former chief executive, who is serving jail time for sexual offences against his son’s nine-year-old schoolmate, that the boy had lied about being abused.
— Straits Times (annoying popups)

US lawmakers call on PM Lee, DPM Heng and ministers on three-day visit to Singapore
A delegation of United States lawmakers met Deputy Prime Minister Heng Swee Keat on Wednesday (Aug 7), the second day of their three-day visit to Singapore.
— Straits Times (annoying popups)

Some aerial activities like flying kites, drones not allowed around Padang on National Day weekend
Flying kites and drones are some of the aerial activities that will not be allowed around the Padang during the National Day weekend on Friday (Aug 9) and Saturday.
— Straits Times (annoying popups)

Vicom 2Q earnings up 4.9% to $6.6m
ComfortDelGro-owned vehicle inspection and testing company Vicom posted earnings of $6.6 million for the second quarter, up 4.9 per cent on the same period last year.
— Straits Times (annoying popups)

Valuation of unlisted assets considered in reviewing GIC and Temasek portfolio risks: Second Minister for Finance Lawrence Wong
The government takes into account the valuation of unlisted assets in GIC and Temasek such as private equity, infrastructure, and real estate when reviewing the overall risks of its whole portfolio of assets, said Minister for National Development and Second Minister for Finance Lawrence Wong on Tue (6 Aug).
— The Online Citizen

Australian dollar plunges to near 11-year low against Singdollar after New Zealand’s rate cut
The Australian dollar plunged to multi-year lows on Wednesday (Aug 7) as investors bet that the country’s central bank would follow New Zealand’s move with massive interest rate cuts.
— Channel NewsAsia (very annoying popups)

Singapore’s monetary authority launches Sandbox Express for faster product testing
The Monetary Authority of Singapore (MAS) has introduced Sandbox Express, an initiative to support faster market testing for financial firms’ products and services, Fintech News Singapore reported.
— e27

COE premiums rise across the board, Cat A price jumps $6,000
Certificates of entitlement (COE) ended higher across the board at the latest tender on Wednesday (August 7) as a smaller quota kicked in.
— Straits Times (annoying popups)

Halimah in National Day video calls on Singaporeans to stay united, tackle challenges together
As Singapore celebrates its 54th National Day, Singaporeans must stay strong and united to tackle looming challenges together, President Halimah Yacob said on Wednesday (Aug 7).
— Straits Times (annoying popups)

Minister Masagos Zulkifli says Singapore needs to continue building its recycling capabilities, but is the Government actually doing much about it?
Minister for the Environment and Water Resources Masagos Zulkifli revealed on Tuesday (6 August) that around 30% of Singapore’s recyclable waste was exported overseas last year, and the remaining 60% are processed locally.
— The Online Citizen

Genki Sushi Singapore fined after employee data compromised in ransomware attack
Sushi chain Genki Sushi has been fined S$16,000 for breaching the Personal Data Protection Act, after failing to secure the personal data of current and former employees.
— Channel NewsAsia (very annoying popups)

NUS seeks to attract overseas Singaporean academics via grant — but many professors previously left due to high research output requirements
The National University of Singapore (NUS) is offering a S$200,000 grant to overseas Singaporean academics seeking to return to the country and to join the university as pre-tenure assistant professors, said Education Minister Ong Ye Kung on Tue (6 Aug).
— The Online Citizen

SGX regulatory arm to tighten oversight of Singapore market
The regulatory arm of the Singapore Exchange (SGX RegCo) has devised a roadmap to tighten its oversight over the market here, which includes setting up a whistle-blowing office and increasing the accountability of auditors, sponsors and issue managers.
— Straits Times (annoying popups)

Stocks to watch: CapitaLand, Ho Bee Land, OUE H-Trust, Perennial, GSH, EC World Reit
The following companies saw new developments that may affect trading of their shares on Wednesday (Aug 7)
— Straits Times (annoying popups)

Perennial Q2 earnings slump 75% to $2.2m
Higher finance costs and the absence of a fair value gain took a toll on results for real estate developer Perennial Real Estate Holdings for its fiscal second quarter ended June 30.
— Straits Times (annoying popups)

PACC Offshore Q2 net loss deepens to US$8.6m, embarks on comprehensive review of business
PACC Offshore Services Holdings (POSH) has sunk further into the red, with its second-quarter net loss widening by 49 per cent to US$8.6 million from a net loss of US$5.8 million in the year-ago period.
— Straits Times (annoying popups)

Singapore Airlines picks crucial fight against Emirates in India
SIAlines (SIA) just picked a fight with Emirates in a grab for India’s international travelers, and a slice of one the world’s fastest-growing aviation markets.
— Straits Times (annoying popups)

‘I feel terrible’: Dennis Chew apologises over controversial E-Pay ad
Local actor and deejay Dennis Chew apologised on Wednesday (Aug 7) for his part in a recent controversial advertisement by NETS promoting the E-Pay platform.
— Channel NewsAsia (very annoying popups)

Veteran lawyer suspended for mishandling S$138,000 of client’s money
A lawyer was given a year’s suspension on Wednesday (Aug 7) for mishandling more than S$138,000 entrusted to him by a client.
— Channel NewsAsia (very annoying popups)

Man arrested, suspected of burning Singapore flags in Woodlands
A 25-year-old man was arrested on Wednesday (Aug 7) after Singapore flags were found burnt at an HDB block in Woodlands, the Singapore Police Force (SPF) said in a news release.

Jail for man who tried to smuggle 12 puppies inside spare tyre compartment of car; 3 later died
An odd-job labourer tried to smuggle 12 puppies, crammed into the spare tyre compartment of a car, from Malaysia into Singapore.
— Straits Times (annoying popups)

Father of two found guilty of molesting maid in flat while family on holiday
A watch manager of air traffic control at Changi Airport repeatedly molested his domestic helper in his home when his family members were away on holiday.
— Straits Times (annoying popups)

Having a job a cornerstone in keeping ex-inmates from reoffending: Halimah
Offenders seem to be increasingly aware that getting a job after being released from jail will help prevent them from drifting back into the criminal life.
— Straits Times (annoying popups)

MindChamps Q2 profit slides 74% on higher costs from acquisitions
MindChamps PreSchool’s net profit dived 74 per cent to $323,000 for its second quarter ended June 30, from $1.3 million for the year-ago period.
— Straits Times (annoying popups)

2 men charged over alleged role in job scam involving more than $100k
Two men were taken to court on Wednesday (Aug 7) after they allegedly cheated others in a series of job scams involving more than $100,000.
— Straits Times (annoying popups)

Yishun integrated transport hub to open on Sept 8
The Yishun integrated transport hub (ITH) – Singapore’s 10th – will open on Sept 8.
— Straits Times (annoying popups)

Institutional Investors Have Been Buying These 2 Singapore Blue-Chip Shares
These latest institutional buying activities might be a source of ideas for investors and, especially, dividend investors.
— The Motley Fool

Singapore Press Holdings takes 20% stake in Prime US Reit manager
Singapore Press Holdings (SPH) on Tuesday (Aug 6) completed its acquisition of a 20 per cent interest in KBS US Prime Property Management, which manages newly listed Prime US Reit.
— Straits Times (annoying popups)

Pet Lovers Centre S’pore enhances cage cleaning protocol after viral sandwiched hamster photo
On August 5, news that a hamster was sandwiched between baskets during a cage cleaning session at Pet Lovers Centre (PLC) concerned members of the public.
— Mothership

Pizza Hut S’pore giving away 54 free Hawaiian pan pizzas per outlet on Aug. 13, 2019
In the relentless march to Singapore’s 54th birthday, more and more promotions have sprung up utilising the 54th framework as a guiding concept.
— Mothership

Man, woman jailed over sham marriage solemnised in China
A Singaporean man and Chinese national who entered into a sham marriage in China have been jailed for six months, Singapore authorities said on Wednesday (Aug 7).
— Channel NewsAsia (very annoying popups)

Football hub, Singapore’s first velodrome proposed for Kallang makeover
Singapore’s first velodrome, a speed climbing wall, as well as a football hub are among some of the ideas that were unveiled on Tuesday (Aug 6) as part of recommendations to redevelop the Kallang area.
— Channel NewsAsia (very annoying popups)

Singapore Writers Festival 2019 announces theme of “A Language of Our Own” and introduces new youth-centric focus
This year’s Singapore Writers Festival (SWF), themed ‘A Language of Our Own’, will explore the role of language in the expression of identities and formation of communities in the 21st century.
— The Online Citizen

Foodtech in Singapore through the eyes of startups
A growing list of Singapore’s foodtech startups and a piece of advice on the growing trend Consuming food is a daily affair for every person.
— e27

Court dismisses appeal by sex offender who claims 9-year-old victim was lying to placate upset father
The Court of Appeal on Wednesday (Aug 7) dismissed an appeal against conviction and sentence by a foreign executive sentenced to 14 years’ jail and 24 strokes of the cane for sexually assaulting a nine-year-old boy during a Halloween sleepover in 2015.
— Channel NewsAsia (very annoying popups)


Feature photo Lee Hsien Loong

This week’s Singapore morning news feature photo acknowledges Singapore national day, August 9.


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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