Singapore morning news for February 11

Singapore morning news for February 11

Singapore morning news

Number of households receiving HDB proximity grant nearly doubles
The number of households that received a government grant for buying a home to live with or near their parents or children has nearly doubled, said the Housing and Development Board (HDB) on Friday (Feb 8).
— Channel NewsAsia (very annoying popups)

NetLink NBN Trust, Singtel among UOB’s top alpha picks for Feb
UOB Kay Hian is maintaining its “buy” call on NetLink NBN Trust considering its dominant market share of 90% and 34% for residential and non-residential fibre connections, respectively, where growth is projected at a three-year CAGR of 6.2%-8.5% for FY18-21.
— The Edge Singapore

IMDA imposes financial penalty of $100,000 on Singpost for not meeting 2017 QOS standards; Consumers remark “too cheap” for the company
The Infocomm Media Development Authority (IMDA) announced on Thursday (7 February) that it will impose a financial penalty of S$100,000 on Singapore Post (SingPost) for its failure to meet the delivery standards of local basic letters and registered mail on nine events in 2017.
— The Online Citizen

About 3,500 rental tenants bought first home with housing grant help since 2013: HDB
With the help of various housing grants, about 3,500 rental tenants have bought their first home in the Build-to-Order or Sale of Balance Flats (SBF) exercises since 2013, said the Housing and Development Board (HDB) on Sunday (Feb 10).
— Channel NewsAsia (very annoying popups)

Tan Cheng Bock’s new party members revealed
Since the announcement of his intent to form a new political party, Dr Tan Cheng Bock has kept mum about the other members who would join him on his new political venture.
— The Independent

SIA Engineering reports 40% lower 3Q earnings of $33 mil on one-off events
SIA Engineering reported 3Q18 earnings ended Dec of $33.1 million, or 2.95 cents per share. This was 40.1% lower compared to a year ago, mainly due to one-time events from the associated and joint venture companies.
— The Edge Singapore

Army Information Centre combats bad press by promoting positive social media posts about the SAF
The recent accidental death of actor and reservist Corporal First Class (National Service) Aloysius Pang – which follows a string of other tragic deaths by accident in the Singapore Armed Forces (SAF) – has led to questions being raised about the safety protocols and Standard Operating Procedures (SOPs) in the military. A
— The Online Citizen

Greek-registered ship Pireas was trying to move out of S’pore waters when it hit M’sian vessel: MPA
A Greek-registered bulk carrier Pireas collided with Malaysian vessel Polaris in Singapore territorial waters on Feb. 9.
— Mothership

Does Singapore education still need the Cambridge brand?
Each year, new certificates for more than 60,000 Singapore students bear the name of Cambridge – part of a longstanding relationship with the British-based examination group which dates back to 1892.
— The Strait Times (annoying popup)

Courts Asia 9M losses widen to $5.4 mil
Courts Asia, which received a buyout offer from Japanese electronics retailer Nojima Corporation last month, reported losses for the nine months (9M) ended Dec widened to $5.4 million after reversing into a loss $171,000 in 3Q, compared to a profit to $3.5 million.
— The Edge Singapore

Tensions rise as Greek ship hits Malaysian vessel off Singapore
Tensions between Malaysia and Singapore rose after a Malaysian vessel and a Greek-registered bulk carrier collided off Tuas on Saturday, according to a statement on the website of Maritime and Port Authority of Singapore (MPA).
— Bangkok Post (annoying popups)

Republic will stay focused on priorities in a tougher year: PM Lee
Economic growth this year will likely slow amid global uncertainties, but Singapore will remain squarely focused on its national agenda with healthcare, education and transport as priorities, said Prime Minister Lee Hsien Loong.
— The Straits Times (annoying popups)

Dr Tan’s PSP will help make Opposition even more credible
Now that we know who are the main people joining Dr Tan Cheng Bock in his quest to give Singapore voters another political choice, the next thing many would do is ask: What exactly can the Progress Singapore Party (PSP) offer?
— The Independent

Polaris-Pireas collision: How it happened
A collision between a Greece-registered ship and a Malaysian government vessel occurred in Singapore territorial waters off Tuas on Saturday (Feb 9) afternoon.
— Channel NewsAsia (very annoying popups)

Burning smell in Singapore’s east due to fire at Johor landfill: NEA
The burning smell that has lingered in the air and has been bothering residents in the eastern side of Singapore was due to a fire at a landfill in Johor, the National Environment Agency (NEA) said.
— The Independent

How do electricity retailers charge lower prices than SP Group? 5 questions answered
With the roll-out of the Open Electricity Market in November, consumers now have more choice and many have been paying less for their electricity.
— Channel NewsAsia (very annoying popups)

Foreigners in Singapore caught burning joss paper – has this been outsourced too?
Foreign workers in Singapore were caught burning joss paper in a burning bin. The sight was recorded in a Facebook video posted by the page All Singapore Stuff in the midst of Chinese New Year week.
— The Independent

No way, if Singapore ever becomes slack, we’re finished: Heng Swee Keat
FINANCE Minister Heng Swee Keat (above) has laid the cards straight to Singaporeans that the PAP government has not gone slack and the leaders will precisely do what it takes to set the record straight.
— The Independent

After Budget debate and cabinet reshuffling, is Finance Minister Heng Swee Keat ready to become 4th PM?
A new Cabinet line-up will be announced once the Budget debate ends in March. With new ministers taking on major roles by the first half of the year, there is mounting speculation that a general election – supposedly slated on January 2021 – will be held towards the end of 2019.
— The Independent

More in Singapore turning to adoption
The number of children who found adoptive parents here last year was the highest in almost a decade, as more couples suffer from fertility problems and become more open to adoption, said those who work with adoptive parents.
— The Straits Times (annoying popups)

Heng Swee Keat: “where individuals are found culpable or wanting, we do not hesitate to take action.”
Statement from Finance Minister Heng Swee Keat which was first published on Straits Times in response to the editorial from Zaobao about accountability of public services.
— The Online Citizen

River Hongbao draws more than 1.39 million visitors
The River Hongbao celebrations have proved a huge hit with more than 1.39 million visitors during the eight days of festivities.
— The Straits Times (annoying popups)

Singapore 50 years ago, and now: An Asian middle way?
In 1971, one year out of Harvard University, I spent two weeks in Singapore as part of my first trip to Asia.
— The Strait Times (annoying popup)

Right timing: STI encounters resistance
In the short term, the market may consolidate. Quarterly momentum has turned down, as has short term stochastics.
— The Edge Singapore

CNY Celebrations: How different is Singapore’s celebrations from other countries’?
The Lunar New Year is an annual affair celebrated by the ethnic Chinese and it has always been an event looked forward to by many.
— The Independent

‘Treasure and take our stability seriously’: Chan Chun Sing
For Singapore’s continued success, the stability of the country must be taken “seriously” amid changes and challenges in the global environment, said Trade and Industry Minister Chan Chun Sing on Saturday (Feb 9).
— Channel NewsAsia (very annoying popups)

Burning smell due to fire at landfill in Johor: NEA
The National Environment Agency (NEA) has pinpointed the source of a burning smell in eastern Singapore to a fire at a Johor landfill.
— The Straits Times (annoying popups)

Senior citizens’ return to workforce becoming “a norm” in Singapore’s ageing population: Reuters
In order to cope with rising living costs, an increasing number of elderly Singaporeans have resorted to making a return to the workforce at an age when many would like to retire comfortably.
— The Online Citizen

Singapore ‘reiterates’ call for Malaysia to withdraw vessels after Polaris-Pireas collision
Following the collision between a Greece-registered ship and a Malaysian government vessel on Saturday (Feb 9) in Singapore territorial waters off Tuas, Singapore has reiterated “its call for Malaysia to withdraw its vessels from the area”.
— Channel NewsAsia (very annoying popups)

More households switch electricity retailers, pay 20% to 30% less
The nationwide rollout of the Open Electricity Market (OEM) is “progressing well”, with more households choosing to switch electricity retailers, said the Energy Market Authority (EMA) on Friday (Feb 8).
— Channel NewsAsia (very annoying popups)

MSF proposes extending Children and Young Persons Act to cover offenders aged 16 to 18
A law which aims to support children exposed to abuse, neglect or risk could be extended to cover young offenders from the age of 16 until they turn 18.
— The Straits Times (annoying popups)

Singapore Airlines seeks to transform as a leading ‘digital airline in the world’
Singapore Airlines (SIA) is aggressively opening its doors to innovation. With Krislab, its new digital lab, the airline fully embraces the trend of digitalisation. Since 2018, the airline has laid out its Digital Innovation Blueprint that promotes SIA Group’s major investment programme to be the world’s leader in digital airline operations.
— The Independent

COE prices end mostly higher in latest tender
Certificate of entitlement (COE) prices finished mostly higher despite the long Chinese New Year break, with bidders competing for a smaller supply of certificates.
— The Straits Times (annoying popups)

What Investors Should Know About Share Buybacks by Singapore-Listed Companies in January 2019
In January 2019, 21 companies repurchased 30 million shares or units for S$26 million.
— The Motley Fool

Get ready for pricier private hospital Shield plans and riders
IF you are Singaporean or a resident with a CPF account, you will surely have hospitalisation insurance in the form of MediShield Life, and most likely also a private Integrated Shield plan (IP).
— The Business Times

ST Singaporean of the Year winner to be announced tomorrow
The award honours citizens who have put the country on the world map, persevered through incredible adversity or made the community a better place through selfless acts.
— The Straits Times (annoying popups)

About 3,500 rental tenants bought first home with housing grant help since 2013: HDB
With the help of various housing grants, about 3,500 rental tenants have bought their first home in the Build-to-Order or Sale of Balance Flats (SBF) exercises since 2013, said the Housing and Development Board (HDB) on Sunday (Feb 10).
— Channel NewsAsia (very annoying popups)

What will Singapore spend on in the upcoming Budget 2019?
Analysts and market watchers are expecting Singapore’s Budget 2019, scheduled to be unveiled on Feb 18, to be clearly aimed at sweetening the ground ahead of a general election that could be called as early as this year.
— The Edge Singapore

FSL Trust units get up to US$25m bridging loan from sponsor for tanker buys
First Ship Lease Trust (FSL Trust) on Friday (Feb 8) said its sponsor and controlling unitholder FSL Holdings has agreed to extend a secured, interest-bearing bridging loan of up to US$25 million (S$33.9 million) to partially finance the acquisition of two product tankers.
— The Straits Times (annoying popups)

River Hongbao draws 1.35 million visitors over eight days
The curtain has come down on the River Hongbao celebrations, which drew 1.35 million visitors over eight nights of festivities.
— The Straits Times (annoying popups)

Feature photo USAID Asia

This week’s Singapore morning news feature photo acknowledges International Day of Women and Girls in Science February, 11.

 

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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