Singapore morning news for February 5

Business interruption resurfaces as top business risk in Singapore
BUSINESS interruption has re-emerged as the top business risk in Singapore this year, with companies increasingly concerned about more diverse and complex business interruption scenarios coupled with rising costs, a recent report by German insurer Allianz has found.
— The Business Times

8 militants killed in bombing operations in southern Philippines, but S’porean terrorist eludes capture
Eight militants were killed in air, artillery, and ground operations in Maguindanao in the southern Philippines on Saturday, February 2.
— The Independent

Singapore factory growth cools for 5th straight month in January, electronics sector contracts further
Amid factory activity slowing across much of Asia last month, Singapore saw a key manufacturing indicator falling to its weakest in two years.
— Straits Times

Happy days are over for multinationals that avoid tax payments – ICRICT
Owing to the current international tax system being obsolete and ineffective in preventing the heinous and glaring tax evasion of the world’s multinational firms, the Organisation for Economic Cooperation and Development (OECD) rose to the challenge of creating a corporate tax system that will fit the 21st century and that can do well both to developing and developed countries.
— The Independent

CNY: Symbolism in the Year of the Pig
THE Year of the Pig is traditionally the last in the Chinese astrological cycle. Its arrival in 2019 coincides with concern among some observers that the current global economic cycle is coming to an end.
— The Business Times

Regional downturn dampens Singapore factory growth
The slowing manufacturing sector hit its lowest point in two years last month amid a general downturn across the region.
— Straits Times

Oil prices firm on Opec-led supply cuts, sanctions against Venezuela
Oil prices were stable yesterday, largely maintaining gains from the previous session as Opec-led supply cuts and United States sanctions against Venezuela provided the market with support.
— Straits Times

Wirecard says probes find no evidence of criminal misconduct
Wirecard and its law firm said on Monday (Feb 4) that they had found no conclusive evidence of criminal misconduct by any employee of the company, after the Financial Times last week alleged financial wrongdoing at its Singapore office.
— Reuters

Singapore-centric developers, construction counters, Reits start 2019 strongly
SINGAPORE’S largest capitalised property developers, construction firms and real estate investment trusts (Reits) with a strong Singapore focus have made a solid start to the year.
— The Business Times

Is Singapore’s green movement for real?
Is environmentalism in Singapore really happening, or are people simply buying an eco consciousness?
— Eco Business

Portrait Mode: The Chinese who work over Chinese New Year in S’pore, away from home
Thousands of mainland Chinese remain in Singapore for work over the biggest event of their year. These are a few of them, and their stories.
— Mothership

Indoor skydiving: Singapore finish Wind Games in Spain with three medals
Singapore’s indoor skydivers ended last week’s Wind Games in Empuriabrava, Spain, with three medals.
— Strait Times

Fireworks galore to kick off 2019 edition of River Hongbao
This year’s River Hongbao kicked off on Sunday (Feb 3) night with a 10-minute fireworks display, the longest in the event’s history.
— Asia One

Singapore’s crowded retail arena bears down on online players
Online retailers still struggle to gain market share, as shown by Redmart’s consolidation into Lazada and honestbee’s severed ties with NTUC Fairprice.
— Singapore Business Review

Multiracial CNY celebrations true to Singapore spirit: President Halimah
It is that time of the year for Chinese families to strengthen ties, and in multiracial Singapore, it is also an opportunity for other races to enjoy the warmth and hospitality of their Chinese friends and neighbours.
— Straits Times

Oddle provides eateries with one-stop tech solutions to grow
MORE businesses are turning to technology to provide services to customers. This can be illustrated in the food industry where online marketplaces such as Deliveroo and GrabFood have made food delivery easier with the use of technological solutions.
— The Business Times

Penalised foreign vehicles barred to enter Singapore borders, Malaysia to clear things out
Malaysia seeks to talk things over with Singapore after the Lion City made a statement to ban all foreign vehicles with existing fines or unsettled traffic tickets.
— The Independent sg

Go-Jek driver not asking for donations, but petition calling LTA for leniency receives 29,000 signatures
Public sympathy at all-time high.
— Mothership

Radicalised maid reported by employer: How to spot signs of radicalisation
The Ministry of Home Affairs (MHA) says that when a person adoptsextreme political, religious or social views, they could be radicalised over time and may even want to engage in terrorist activities.
— Straits Times

5 Things to do in Singapore this week: 4th February to 10th February 2019
You’ve probably got your hands full of Chinese New Year goodies and duties this week. No? Take some time to visit new exhibits up around town, from night tours at State of Motion 2019 to revisiting old flames with Off Centre.
— Asia One

RPT-Ageing Singapore: City-state helps firms retain workers past retirement age
Mohsin Khan is still at his job repairing aircraft hydraulics parts although the Singaporean turns 75 in a couple of months.
— Reuters

Singaporeans ask whether Lee Wei Ling and Lee Hsien Yang are invited to PM Lee’s reunion dinner
Prime Minister Lee Hsien Loong delivered his annual Chinese New Year message yesterday and noted that the integration of Chinese Singaporeans with the other races here have set them apart from Chinese communities elsewhere.
— The Independent

Gojek driver in viral video summoned for LTA interview after complaint lodged against him
The Gojek driver in a viral video has been summoned by the Land Transport Authority (LTA) for an interview as a part of investigations after a complaint was filed against him.
— Straits Times

Chee Soon Juan: Don’t let our education system tell you you’re not good enough
No one could say that Singapore Democratic Party (SD)’s Damanhuri Bin Abas is unmoved by SDP leader Chee Soon Juan’s recently published book, “Never on Bended Knees.
— The Independent

Embracing other races during Chinese New Year true to Singapore spirit: President Halimah
Chinese New Year, which kick starts on Tuesday, is a special time for the Chinese community to bond with family and strengthen ties, said President Halimah Yacob in a Facebook video greeting on Monday (Feb 4).
— Channel NewsAsia (very annoying popups)

Woodlands Christmas cabin transformed for Chinese New Year
A Christmas cabin that caught the imagination of Woodlands Housing Board residents has undergone a transformation just in time for Chinese New Year.
— Straits Times

SPF: Foreign vehicles with a number of outstanding fines, may be denied entry to Singapore
Starting from 1 April 2019, foreign vehicles with a number of outstanding fines for traffic, parking or vehicular emissions offences may be denied entry into Singapore. This move, according to the Singapore Police Force (SPF), aims to strengthen enforcement of such offences. About 60,000 foreign vehicles enter Singapore daily.
— The Online Citizen

What Does the Year of the Pig Bring for the Stock Market?
The stock market may not do well in the new year, according to Feng Shui experts.
— The Motley Fool

2 Things Investors Should Know About Frasers Centrepoint Trust Now
We take a look at the latest financial performance and valuation of Frasers Centrepoint Trust.
— The Motley Fool

PM Lee’s CNY message: the Singaporean Chinese identity will keep on evolving
PM Lee’s 2019 Chinese New Year message highlights how integration distinguishes Singaporean Chinese from the Chinese societies of China, Hong Kong and Taiwan, as well as overseas Chinese minorities in South-east Asia and the West.
— The Independent

Probation for foreign student who fought NEA officers over smoking in Geylang gaming shop
He was smoking in a Geylang local area network (LAN) gaming shop on Jun 20, 2017 when he spotted National Environment Agency (NEA) officers approaching him.
— Channel NewsAsia (very annoying popups)

Feature photo CEphoto, Uwe Aranas

This week’s Singapore morning news feature photo acknowledges Chinese New Year, 2019.

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.

Singapore morning news for February 5 added by Piseth Pov on February 5, 2019
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Piseth Pov

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.