Singapore morning news for February 14

Singapore morning news for February 14

Singapore morning news

European Parliament approves EU-Singapore free trade, partnership agreements
Three landmark agreements between Singapore and the European Union (EU) were given the go ahead after a vote in Strasbourg, France on Wednesday (Feb 13).
— Channel NewsAsia (very annoying popups)

Novartis leverages digital transformation to address most pressing health challenges in Asia
Novartis in Asia seeks to leverage data, digital and exponential technologies to address the most pressing health challenges in the region.
— AEC News Today/ PR Newswire (media release)

Singapore is Asia’s most ready nation for autonomous vehicle adoption
Singapore continues to remain at No.1 in Asia in terms of readiness to embrace autonomous vehicles (AVs) and second in the world after the Netherlands, unchanged from a year ago.
— The Edge Markets

Tourist arrivals, spending in Singapore at record highs
Singapore’s turn in the global spotlight helped propel tourist arrivals and spending to record highs for the third straight year.
— The Straits Times (annoying popups)

Climate change action cannot ignore social issues
Climate scientists are sounding the alarm about global warming, but the world is not responding.
— The Edge Singapore

New S$200 monthly grant to offset costs of long-term caregiving by end-2019: MOH
Caregivers will be able to tap on a new S$200 monthly grant to offset costs by the end of this year, Senior Minister of State for Health Edwin Tong announced in Parliament on Wednesday (Feb 13).
— Channel NewsAsia (very annoying popups)

SG advances to 9th spot after a decade for its best female workers’ performance among OECD countries
In a recent parliamentary inquiry of Ang Hin Kee, Member of Parliament (MP), to Josephine Teo, Minister for Manpower (MOM), regarding the female labour force participation rate (LFPR), the latter cited the country’s female LFPR aged 15 and above has shown a steady growth for the past 10 years.
— The Independent

Singaporean businessman renews liquor license with Police’s aid after SingPost took 4 months to deliver Government letter to him
In a series of bad publicity, Singapore Post (SingPost) has again added a new complaint from a consumer for its horrible service. On 1 February, a local business owner named Daniel Goh lambasted SingPost for delivering a letter from a Government authority four months after the letter was assumed posted.
— The Online Citizen

Singapore is Asia’s most ready nation for autonomous vehicle adoption
Singapore continues to remain at No.1 in Asia in terms of readiness to embrace autonomous vehicles (AVs) and second in the world after the Netherlands, unchanged from a year ago.
— The Edge Singapore

AVA to review regulations for pet boarding businesses
The Agri-Food and Veterinary Authority of Singapore (AVA) intends to review the regulation of pet boarding businesses, Senior Parliamentary Secretary in the Ministry of National Development (MND) Sun Xueling said on Wednesday (Feb 13).
— Channel NewsAsia (very annoying popups)

Singapore’s 2018 household income per person only earns a meager 3% increase
In 2018, Singapore’s household income growth per person has shown slow signs of growth, despite the declining count of residents staying in the same household provided some improvements.
— The Independent

DBS and SMU join hands to launch sustainability program
The DBS-SMU Sustainability Initiative is the first-of-its-kind in Southeast Asia and includes the introduction of a sustainability major supported by research, scholarships, fellowships and community engagement Singapore Management University (SMU) and DBS have established a partnership on a comprehensive initiative – the first-of-its-kind in Southeast Asia – that focuses on promoting and growing sustainability.
— The Online Citizen

Parliament Briefs: 900 families given third HDB loan
The Housing Board granted 900 families a third housing loan last year – a fifth of the 4,500 appeals it received.
— The Straits Times (annoying popups)

27-year-old female CEO’s startup gets near US$1 bil valuation
Zilingo’s path to becoming a fashion platform with a valuation approaching US$1 billion ($1.36 billion) began in December 2014 when Ankiti Bose, then an analyst at Sequoia India, chatted with a neighbour at a house party in the Indian tech capital Bengaluru.
— The Edge Singapore

Health Minister Gan: Patients affected in HIV leak can sue MOH for data loss
Health Minister Gan Kim Yong said in Parliament on Tuesday, February 12, that the 14,200 HIV patients who were affected by the massive data breach of confidential data may choose to take civil action against the Ministry of Health (MOH).
— The Independent

The government has shifted gear, now dismissing criticism with two magical words, “I Reject”
Less than a week ago, Finance Minister Heng Swee Keat addressed widespread criticism that complacency has set in, leading to lapse after lapse by government agencies.
— The Online Citizen

Over $96,000 in credit card transactions found after 4 arrested for syndicated fraud
More than $96,000 in fraudulent credit card transactions were found after police nabbed four syndicate suspects.
— The Straits Times (annoying popups)

SGX regulatory arm issued 400 public queries on disclosures by listed firms in FY2018
More than 400 public queries were issued by the Singapore Exchange’s (SGX) regulatory arm in the financial year of 2018 as part of its monitoring on whether listed companies here complied with disclosure requirements.
— Channel NewsAsia (very annoying popups)

Boustead Singapore posts 12% rise in 3Q earnings to $8.7 mil on higher revenue
Boustead Singapore saw its earnings grow 12% to $8.7 million for the 3Q19 ended December, from $7.8 million a year ago.
— The Edge Singapore

Visitor arrivals to Singapore grew 6.2% in 2018, beating expectations and outpacing tourist spending
VISITOR arrivals to Singapore beat initial forecasts for the year of 2018, but tourism spending did not quite match up even as it saw year-on-year growth, according to data released on Wednesday by the Singapore Tourism Board (STB).
— The Business Times

Attempted suicide will soon be decriminalised in Singapore
Following recommendations from the Penal Code Review Committee (PCRC) which completed its two year exercise to review the laws and propos reforms, the Penal Code in Singapore is getting a much needed refresh.
— The Online Citizen

Perennial posts 42% fall in 4Q earnings to $16 mil; dividend drops 60% to 0.4 cent per share
Real estate and healthcare company Perennial Real Estate Holdings (PREH) saw its earnings fall 42.0% to $16.0 million for the 4Q18 ended December, from $27.6 million a year ago.
— The Edge Singapore

ComfortDelGro posts profit growth despite continued slide in taxi performance
Transport giant ComfortDelGro Corp posted a modest 0.6 per cent rise in net earnings to $303.3 million for the year ended Dec 31, 2018 as weaker taxi and automotive engineering performances offset a strong public transport segment.
— The Straits Times (annoying popups)

Lam Pin Min: PMD users and their accident victims can undertake voluntary mediation at $214 (min)
Personal mobility device (PMD) users and their accident victims can undertake voluntary mediation when they experienced accident at the Singapore Mediation Centre (SMC) or the Law Society of Singapore, said Senior Minister of State for Transport Dr Lam Pin Min in his parliamentary reply on Tuesday (12 February).
— The Online Citizen

Dedicated body to level up corporate governance standards
IN A first for Singapore, the Monetary Authority of Singapore (MAS) – the country’s apex financial regulator – has established a permanent, industry-led body responsible for “levelling up corporate governance standards and practices” here.
— The Business Times

Chasen records 11th straight quarter of profit; declares interim dividend of 0.1 cent
Chasen Holdings, the investment holding company with subsidiaries in specialist relocation solutions, reported its 11th straight quarter of profit.
— The Edge Singapore

HDB launches 3,739 flats in first sales exercise of the year
The first Housing Board sales exercise this year includes two projects in Kallang/Whampoa, which experts expect to be popular despite having prices that are just shy of those of resale flats in the area.
— The Straits Times (annoying popups)

NUS study: HDB resale prices depreciate less than private freehold properties after 30 years
The HDB flat might be a pretty good investment after all.
— Mothership

Government reported 41 cases of personal data loss to police over past 3 years: DPM Teo
The Government has reported 41 incidents to the Police over the past three years, Deputy Prime Minister Teo Chee Hean said on Wednesday (Feb 13).
— Channel NewsAsia (very annoying popups)

Singapore authorities: Mikhy Brochez counters with unsubstantiated claims and ‘baseless allegations’ about HIV data leak
A Facebook account allegedly owned by Mikhy Brochez, the man perceived to be at the helm of the HIV registry leak, posted claims that there was another person involved in the HIV Registry leak, that he was maltreated while in police custody, and that he had contracted HIV while in prison and was denied HIV medication while serving his sentence.
— The Independent

Clean Up Your Own Backyard Before Pointing the Finger At “Foreign Interference”
Senior Minister of State for Law Edwin Tong (Tong) has said that Singapore will consider new laws to counter foreign interference, as it is “especially vulnerable” to these exploits to stir up distrust and undermine its democratic processes.
— The Online Citizen

Commuter satisfaction in public transport highest in more than a decade: PTC survey
Commuter satisfaction levels with public transport improved in 2018, according to the results of a survey released by the Public Transport Council (PTC) on Wednesday (Feb 13).
— Channel NewsAsia (very annoying popups)

ComfortDelGro posts 0.6% increase in FY18 earnings to $303.3 mil; declares final dividend of 6.15 cents
ComfortDelGro, one of the world’s largest land transport companies, today announced that its FY18 earnings have increased by 0.6% to $303.3 million, compared to $301.5 million in FY17.
— The Edge Singapore

Ng Eng Hen urges servicemen to speak out on violations, but there no reassurance that those who do will be protected
Following the recent National Service (NS) training death and subsequent discussions about safety policies in the Singapore Armed Forces (SAF), Defence Minister Ng Eng Hen said in Parliament on 11 Feb that if a servicemen feels that they or their peers are in an unsafe situation, they should speak out.
— The Online Citizen

SMU to help students design their purpose-driven education
University students are usually asked to declare their majors at the end of the first year. But Singapore Management University (SMU) is looking at getting its students to declare their life missions.
— The Straits Times (annoying popups)

Singapore household incomes grew in 2018, income inequality stable
Those in the 71st to 90th percentile income groups enjoyed higher real wage growth.
— Channel NewsAsia (very annoying popups)

SATS posts 3.5% increase in 3Q earnings to $68.9 mil
SATS, the provider of gateway services and food solutions, announced that its 3Q19 earnings have increased by 3.5% to $68.9 million, compared to $66.6 million in 3Q18.
— The Edge Singapore

WP MP Muhamad Faisal Abdul Manap asks Health Minister Gan about seniors who max out MediSave limits
In Parliament on Tuesday, February 12, Workers’ Party (WP) MP Muhamad Faisal Abdul Manap asked about the number of Singaporeans over 65 who have spent their yearly MediSave withdrawal limits for the following categories: outpatient treatments, outpatient MRI/CT scans and diagnostics, and Flexible MediSave use.
— The Independent

Cost of living in Singapore: Slow overall inflation but some pressure points
While the overall prices of goods and services are rising at a modest pace, some people are still feeling the pinch due to sharp increases in three main areas: education, healthcare and food.
— Channel NewsAsia (very annoying popups)

NetLink NBN Trust beats 3Q projection by 18% with earnings of $19.6 mil
The trustee-manager of NetLink NBN Trust has announced earnings of $19.6 million for the 3Q19 ended December, outperforming its IPO projection by 17.6%.
— The Edge Singapore

 

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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