Singapore morning news for January 25

Singapore morning news for January 25

Singapore morning news

Industrial rents, prices unchanged in Q4: JTC
Rental rates and prices of industrial space in Singapore remained unchanged in the fourth quarter of 2018 over the preceding quarter, according to the latest data from industrial land agency JTC Corp.
— Straits Times

Telcos here likely to consolidate over next 3 years, say analysts
Competitive pressures from an increasingly crowded market will force local telcos to consolidate over the next three years, said analysts this week.
— Straits Times

Hundreds of Singaporeans express outrage at MINDEF and SAF over latest training death
Hundreds of Singaporeans have expressed outrage at the Ministry of Defence (MINDEF) and Singapore Armed Forces (SAF) over the death of Corporal First Class (National Service) [CFC (NS)] Pang Wei Chong, Aloysius.
— The Independent

Singapore Is Seeing an Unprecedented Mortgage Slowdown
Rising interest rates and the latest round of property curbs have put the brakes on mortgage demand at Singapore’s banks, potentially further dragging down the city’s housing market.
— Bloomberg

Netizens wonder why MP Lee Bee Wah visited SingPost to discuss ‘delivery issues’
SingPost, the country’s provider of local and international postal services, has an image problem, due to, well, its well-publicized delivery problems.
— The Independent

If the government wants avoid “fake” CPF news, it can simply be more transparent.
Suspicions in relation to the workings, mechanics and intentions of the Central Provident Fund (CPF) are not new. There have long been questions raised by members of the opposition parties as well as bloggers.
— The Online Citizen

Aloysius Pang death: Our responsibility to ensure safety of our children, says Chief of Defence Force
The Singapore Armed Forces (SAF) has a responsibility to ensure the safety of its personnel, and parents of those personnel must be assured of that safety, said Chief of Defence Force Lieutenant-General (LG) Melvyn Ong in a press conference on Thursday (Jan 24)
— Channel NewsAsia (very annoying popups)

Singapore, China to set up international mediator panel for Belt and Road projects
Singapore and China have inked an agreement to set up an international panel of mediators, to better handle disputes that may arise from projects under the multi-billion dollar Belt and Road Initiative (BRI).
— Channel NewsAsia (very annoying popups)

Singapore tops mobile app use and downloads: App Annie
The mobile and data analytics company says Singaporeans have, on average, 115 apps installed on their phones and use 46 of these – the highest in all the markets it surveyed for its State of Mobile in 2019 report.
— Channel NewsAsia (very annoying popups)

Automation: The leader of digital transformation
INDUSTRY 4.0 is impacting the world by storm. For Singapore to remain relevant in this highly globalised and competitive environment, businesses need to continuously innovate and use their resources more effectively.
— The Business Times

Aloysius Pang is the 8th Singaporean to have died in the past 1.5 years while serving the nation
Local actor Aloysius Pang, who passed away yesterday after suffering serious injuries during his reservist training in New Zealand, is the eighth Singaporean to have died in the past one and a half years while serving the nation.
— The Independent

MAS warns coin offering issuer over Securities Act breach
The Monetary Authority of Singapore (MAS) has warned an initial coin offering (ICO) issuer it should not proceed with its securities token offering in Singapore until it can fully comply with regulatory requirements under the Securities and Futures Act (SFA).
— Straits Times

Fewer COEs available from February to April
The Certificate of Entitlement (COE) quota between February and April this year will fall by about 12.9 per cent from the previous quarter.
— Channel NewsAsia (very annoying popups)

Indian expo kicks off with lion dance
The ninth edition of the Singapore International Indian Expo (Siiexpo) opened yesterday to the beats of Chinese drums and a lion dance performance, a surprising and unlikely occurrence at an Indian-centric event.
— Straits Times

STI up on stronger sentiment, Wall St gains
Local stocks finally found positive territory this week with local investors cheered by overnight gains on Wall Street.
— Straits Times

What Investors Should Know About CapitaLand Commercial Trust’s 2018 Earnings
CapitaLand Commercial Trust’s (SGX: C61U) 2018 distribution per unit inched up by 0.5% to 8.7 cents.
— The Motley Fool

Same meeting but different outcomes? Singapore and Malaysia transport ministers post different accounts of their meeting
On January 23, Wednesday, Singapore’s Transport Minister Khaw Boon Wan and his Malaysian counterpart Anthony Loke have met to discuss the airspace issue but something does not add up when they post different details of their meeting in their respective Facebook profiles.
— The Independent

SAF to lower training tempo to review safety, processes
The Singapore Armed Forces (SAF) will, for the first time, lower its training tempo across all services, with the aim of giving commanders and troops the time and space to review the safety of its systems and processes.
— Straits Times

Why did Aloysius Pang’s condition deteriorate so quickly? Here’s why.
Aloysius Pang underwent three surgeries in New Zealand after his reservist incident.
— Mothership

New Sequoia accelerator to give start-ups US$1.5 m each in early-stage funding
Sequoia India, a branch of the technology-focused American venture capital (VC) firm, has launched a new accelerator for early-stage, pre-series A start-ups in India and South-east Asia.
— Straits Times

MAS clarifies takeover rules on general offers for dual-class shares
THE MAS has revised Singapore’s Code on Take-overs and Mergers to clarify that independent shareholders of dual-class companies will not be required to make a general offer if their share of voting rights is pushed past regulatory thresholds under certain circumstances.
— The Business Times

Q4 numbers fail to lift hopes; muted outlook for local firms
EXPECTATIONS are not running high as the earnings season for the fourth quarter kicks in.
— The Business Times

Fewer COEs for next three months starting from February
In total, the monthly supply is 12.9 per cent smaller than the November-January quota at 8,752.
— Straits Times

Marina Bay Sands sees 20.8% fall in Q4 profit on weaker VIP gaming
A slump in VIP play at Marina Bay Sands has dragged fourth-quarter Ebitda (earnings before interest, tax, depreciation and amortisation) down 20.8 per cent to US$362 million from the same period a year ago.
— Straits Times

26 arrested for suspected involvement in scams, victims lost more than S$500,000
Twenty-six people have been arrested for their suspected involvement in e-commerce scams and commercial crime-related offences where the victims lost more than S$500,000 in total.
— Channel NewsAsia (very annoying popups)

Multilateralism, free trade key to prosperity: Heng Swee Keat
Finance Minister Heng Swee Keat on Wednesday (Jan 23) has urged countries to work together to ensure shared prosperity moving forward.
— Channel NewsAsia (very annoying popups)

CapitaLand Commercial Trust posts 6.7% rise in Q4 DPU to 2.22 cents
Capitaland Commercial Trust (CCT) unit holders will get a heftier distribution per unit (DPU) for the fourth quarter from higher net property income from a beefed-up portfolio, as well as dividends.
— Straits Times

Temasek unit ST Telemedia takes majority stake in cloud computing firm
Temasek-owned ST Telemedia (STT) has acquired a majority stake in Singapore-based cloud computing firm, Cloud Comrade.
— Straits Times

Trio behind alleged multimillion-dollar fraud against IRAS to face 796 more charges
Three people suspected to have made false claims to the Inland Revenue Authority of Singapore (IRAS) will face more charges in court on Thursday (Jan 24).
— Channel NewsAsia (very annoying popups)

Jail for man who set off flash fire at rival cabby using insecticide in road rage case
In a case of road rage dubbed novel by the judge, a former taxi driver took a can of insecticide and sprayed it at a rival cabby, before setting fire to the stream with a lighter.
— Channel NewsAsia (very annoying popups)

Stocks to watch: CapitaLand Commercial Trust, Keppel T&T, Mapletree Commercial Trust, Sino Grandness Food
The following companies saw new developments that may affect trading of their shares on Thursday (Jan 24):
— Straits Times

110 FairPrice stores to remain open on first day of Chinese New Year
About 75 per cent of NTUC FairPrice stores will remain open on the first day of Chinese New Year, the supermarket chain said on Thursday (Jan 24).
— Channel NewsAsia (very annoying popups)

 

Feature photo CDAC

This week’s Singapore morning news feature photo acknowledges International Day of Education, January 24.

 

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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