Singapore morning news for January 18

Singapore morning news for January 18

Singapore morning news

Johor Chief Minister defends visit to Malaysia vessel anchored in Singapore waters
JOHOR BAHRU: Johor Chief Minister Osman Sapian on Thursday (Jan 17) defended his decision to visit a Malaysian vessel anchored in Singapore waters, adding that his actions have been supported by grassroots leaders.
— Channel News Asia (very annoying popups)

Half of Singapore online businesses lament regulatory barriers in expansion: survey
Nearly 40% spent $68,800 to $137,800 on compliance per year.
— Singapore Business Review

Biggest fall in S’pore exports in over two years
Singapore’s exports fell 8.5 per cent last month from a year ago – its largest slide in over two years – dragged down by a drop in electronic and non-electronic shipments.
— Straits Times

Iswaran: Identity of SingHealth hackers known, but will remain undisclosed for national security reasons
S Iswaran, Singapore’s Minister for Communications and Information, said in Parliament on Tuesday, January 15, that the Government now knows the hacker’s identity in the Singhealth cyber attack. However, this will remain undisclosed in the interest of national security. However, he did talk about the Advanced
— The Independent

Hawkers to receive same-day NETS sales proceeds
Hawkers will be able to receive NETS sales proceeds into their bank accounts on the same day of the transaction from Thursday (Jan 17), said NETS in a news release.
— Channel News Asia ((very annoying popups)

Singaporeans may have beef with greener diet
Singaporeans eat three to five times more meat and eggs than is environmentally sustainable, according to a new study published yesterday in medical journal The Lancet and local data. But experts here believe it will be hard to adjust local diets to be planet-friendly.
— Straits Times

Government urged to introduce tiered tax concessions for firms that enhance cyber resilience
KPMG says in its Budget 2019 wishlist that it may encourage corporations to develop their risk management, vigilance and governance for cyber attacks
— Singapore Business Review

Polytechnic graduates earn 5.15% more: study
Those with degrees in health sciences saw the biggest paycheque of $2,523 on average.
— Singapore Business Review

No plans to lower CPF payout eligibility age from 65
It was raised to 65 in 2018.
— Mothership

Viral infographic estimates S$670,000 as cost of raising kid in S’pore, netizens say it can be cheaper
A helpful breakdown of the expenses was included.
— Mothership

UOB asset manager upbeat about first-quarter Singapore earnings, US equities
Fundamental indicators are pointing to a positive investment outlook in 2019, UOB Asset Management (UOBAM) said in a media statement on Thursday (Jan 17).
— Straits Times

Food products with alcohol can be sold after 10.30pm as MHA lifts restrictions from Jan 18
Craving a tub of rum and raisin ice cream at 10.31pm? From Friday (Jan 18), it will be legal to buy such alcoholic products that are not beverages from stores regardless of the hour, said the Ministry of Home Affairs (MHA) said on Thursday.
— Straits Times

Stocks to watch: Sino Grandness, Sunrise Shares, Keppel-KBS US Reit, First Reit, ecoWise, Shanghai Turbo
The following companies saw new developments that may affect trading of their shares on Thursday (Jan 17):
— Straits Times

Look to India for growth, ESG urges Singapore consumer firms
THE size and structure of India’s economy make it an attractive market for Singapore’s consumer players, even amid fears of a global downturn.
— The Business Times

Singtel, Ericsson, S’pore Poly set up 5G testing centre
The fifth generation of wireless networking technology may not be commercially available here yet, but companies will soon be able to test the 5G innovations they are developing at a facility launched yesterday.
— Straits Times

TODAY article claims “Singaporeans are cancelling CNY shopping trips to Malaysia” due to disputes but only interviews RC members
Yesterday, MediaCorp’s flagship English publication, TODAY Online, published an article entitled “Singaporeans cancel CNY shopping trips to Malaysia as disputes drag on”.
— The Independent

New provisions aimed at set-top box retailers, service providers among proposed changes to Copyright Act
New enforcement measures aimed at tackling the use of set-top boxes to stream content from unauthorised sources are among the proposed changes to the Copyright Act, the Ministry of Law announced on Thursday (Jan 17).
— Channel News Asia (very annoying popups)

Thai Beverage Public Company Limited’s Stock Is Down 25% In The Last 12 Months. Is It A Good Business?
We look at the business quality of Thai Beverage Public Company Limited from the perspective of return on invested capital.
— The Motley Fool

Golden Mile Complex: preserve or demolish? Netizens have spoken
You have been to Singapore if you know that building with an iconic architecture on Beach Road in Kallang–the 46-year old Golden Mile Complex. Recently, there have been discussions on whether the building should be preserved or just demolished.
— The Independent

New job not living up to your expectations? – You’re not alone
HAVE you ever started a new job and had the realisation quickly dawn on you that you may have been deceived in the interview and, in fact, the reality of the role is rather different from the one sold to you during the recruitment process?
— Asian Correspondent

Singapore non-oil exports down 8.5% in December, confounding rebound expectations
SINGAPORE’S exports ended 2018 on a weak note with non-oil domestic exports (NODX) falling for the second straight month in December, dashing economists’ expectations of a 2 per cent rebound, according to Enterprise Singapore figures on Thursday.
— The Business Times

CenturyLink opens its first S-E Asia security operations centre in Singapore
US-HEADQUARTERED communications and data services player CenturyLink launched its first security operations centre (SOC) in South-east Asia in Singapore on Thursday, to address the growing needs of enterprises in the Asia-Pacific region to handle cybersecurity threats.
— The Business Times

EXCLUSIVE: New oBike investor says he wants to clear debt, but repayment to S’pore users stalls
Embattled bicycle-sharing company oBike has a new majority shareholder who has struck a deal with its founders to take over the firm’s global business and clear its spiralling debt, TODAY has learnt.
— Today Singapore

Ministry of Law to introduce new laws on copyright and commissioned work
Creators will be given a new right to be attributed as the creator of the works regardless of whether they still own the copyright.
— Singapore Business Review

Panel to develop guidelines on sentencing of errant doctors
The Singapore Medical Council (SMC) has appointed a 16-member committee that will help ensure errant doctors get disciplinary sentences which are consistent and fair.
— Straits Times

Singapore SMEs taking risk of cyber attacks too lightly: Experts
Even after SingHealth’s high-profile data breach last year, many small and medium-sized enterprises (SMEs) in Singapore are taking the risk of cyber attacks too lightly, warn experts.
— Straits Times

Centre to manage infectious diseases to be fully operational by May
The NCID takes over the functions of Tan Tock Seng Hospital’s Communicable Disease Centre (CDC), which closed on Dec 13 last year. Since then, the NCID has been treating patients at its outpatient clinic.
— The New Paper

Over half of Singapore’s workforce unsatisfied with their current job: report
Healthcare workers were ranked as the most motivated and less stressed.
— Singapore Business Review

Want to go flexitarian? Do it gradually
For those looking to adopt a healthier, more environmentally-friendly flexitarian diet, human nutrition specialist Tay Mia Eng suggests making a slow shift, starting with replacing some familiar foods with healthier plant-based options that are rich in protein.
— Straits Times

 

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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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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 35 years experience as a journalist, photographer, videographer and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia.

He has covered major world events including the 1991 pillage riots in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010 and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

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