Singapore morning news for July 19

Singapore morning news for July 19

Singapore morning news

Fewer credit card holders amid tighter rules to rein in debt
Credit cards are on the decline, a trend analysts attribute to tighter regulations to curb excessive debt and the growing use of e-payments.
— Straits Times (annoying popups)

Enterprise Singapore expands alliance network to Ho Chi Minh City
Enterprise Singapore has expanded the Global Innovation Alliance network to Ho Chi Minh City, plugging Singapore technology start-ups into the emerging innovation scene in Vietnam.
— Straits Times (annoying popups)

Singapore returning more than S$50 million of 1MDB-related money to Malaysia: Police
About S$50.3 million of seized 1Malaysia Development Berhad (1MDB)-related money have either been transferred to Malaysia or are being processed by the banks for repatriation, said the Singapore Police Force on Thursday (Jul 18).
— Channel NewsAsia (very annoying popups)

Ngee Ann City death: 1m-tall safety barriers consistent with other countries, BCA says
The minimum height requirement of 1m for safety barriers in commercial buildings in Singapore is consistent with other countries, authorities said, following reports of two people falling to their deaths in shopping malls in less than three years.
— Channel NewsAsia (very annoying popups)

Auditor-General: Police reports filed for lapses in financial governance by MND
On Tuesday (16 July), the Auditor-General’s Office (AGO) released its annual report, an audit of the government’s accounts for the 2018/2019 financial year.
— The Online Citizen

Thai corporate innovation firm RISE expands AI accelerator program to Singapore
RISE, Southeast Asia-based corporate innovation firm, has announced that it has expanded into Singapore with support from government agency Enterprise Singapore.
— e27

SDP vice-chairman John Tan seeks court declaration on eligibility to contest in next GE after being fined for contempt of court
Singapore Democratic Party (SDP) vice-chairman John Tan Liang Joo, who was convicted for the offence of contempt of court last Oct, is seeking a declaration of his eligibility to contest in the next General Election (GE) from the High Court via an originating summons filed in the High Court on Tue (16 Jul).
— The Online Citizen

Finaxar joins hands with Indovina Bank, Cathay Financial to provide SME financing in Vietnam
Singapore-headquartered Finaxar, a provider of data-driven financing solutions, has announced a partnership with Ho Chi Minh City-based Indovina Bank and Taiwan’s Cathay Financial Holdings to provide financing …
— e27

Accountants have critical role in helping businesses fight cybercrime: Josephine Teo
Accountants can step beyond their traditional roles and help businesses fight cybercrime, said Second Minister for Home Affairs Josephine Teo on Thursday (Jul 18).
— Channel NewsAsia (very annoying popups)

NY-listed 8×8 pays US$125m for Singapore-based Wavecell
WAVECELL, a privately held communications platform-as-a-service (CPaaS) provider based in Singapore, has been acquired by New York-listed 8×8 for around US$125 million in cash and stock, marking the US firm’s entry into South-east Asia.
— The Business Times

Defence questions witness’ loss estimate from Prudential agents’ mass defection
DEFENCE lawyers on Thursday questioned expert estimates of the future profits Prudential Assurance Co Singapore would forego when 244 of its agents left.
— The Business Times

SGX to propose scrapping rule on minimum trading price: sources
SINGAPORE Exchange Regulation (SGX RegCo) plans to seek public feedback on a proposal to scrap the minimum trading price (MTP) requirement for Mainboard-listed companies, The Business Times has learnt.
— The Business Times

Call to offer ‘quality jobs’ to those with mental health issues
President Halimah Yacob yesterday urged more employers to step up and offer quality jobs to those with mental health issues.
— Straits Times (annoying popups)

Scoot to take off from Terminal 1 from Oct 22
Scoot passengers will board their flights from Changi Airport Terminal 1 instead of Terminal 2 from Oct 22.
— Straits Times (annoying popups)

4G team to create opportunities at every stage of life for all: Indranee
To tackle inequality in its current form, Singapore’s fourth-generation (4G) leadership will not just strengthen support for those who have less, but also strive to create opportunities for all citizens at every stage of their life.
— Straits Times (annoying popups)

Rolls-Royce, NTU partnership enters 2nd phase with $88m boost
As the global aviation sector continues to take off, innovations that will be developed here aim to make the industry both more efficient and environmentally sustainable.
— Straits Times (annoying popups)

List of approved overseas pharmacy schools to be more than halved
The number of overseas schools offering pharmacy qualifications that can be registered in Singapore will be more than halved next year.
— Straits Times (annoying popups)

Renter had falsely declared event as health talk: PA
The person who booked a community club (CC) hall for the 10th anniversary celebration of the Arakan Army’s founding had misrepresented the event as his company’s health talk, the People’s Association (PA) said yesterday.
— Straits Times (annoying popups)

COE supply to shrink for Aug to Oct period
Vehicle buyers are in for a markedly smaller supply of certificates of entitlement (COEs) for the August to October quota period, in line with a record number of motorists who have extended the lifespan of their old cars this year.
— Straits Times (annoying popups)

24 nabbed in Geylang drug raids
Central Narcotics Bureau (CNB) officers arrested 24 suspected drug offenders and seized 1.9kg of mushroom substances with drug-like properties during raids.
— Straits Times (annoying popups)

Innovate or risk being disrupted, says don
Credit cards run the risk of being disrupted by new methods of payment, said Associate Professor Lawrence Loh of the National University of Singapore (NUS).
— Straits Times (annoying popups)

PSP’s party film given PG rating and allowed to be played at official launch
According to TOC sources, the party film which was supposed to be played at the official launch of Dr Tan Cheng Bock’s Singapore Progress Party (PSP) has been approved by the government.
— The Online Citizen

Man arrested for cheating more than 3 million yuan through remittance services
A 32-year-old man was arrested for his suspected involvement in multiple cases of cheating through remittance services he offered, the police said in a news release on Wednesday (Jul 17).
— Channel NewsAsia (very annoying popups)

Youth volunteers needed to mentor disadvantaged kids
To ensure that disadvantaged children from low-income families are supported emotionally and have a role model they can look up to, a programme to recruit and train youth volunteers to befriend such children is set to be piloted.
— Straits Times (annoying popups)

Two teens given reformative training for armed robbery
Two teens, who committed armed robbery inspired by crime television series Crimewatch, were each ordered yesterday to undergo reformative training for at least a year.
— Straits Times (annoying popups)

Jail for polo player who gave false info in PR application
A Pakistan-born polo player, said by his lawyer to be Singapore’s highest-ranked, was sentenced to jail yesterday for lying about his secondary school 13 years ago in his application for permanent residency.
— Straits Times (annoying popups)

E-scooter rider gets 2 weeks’ jail for injuring 2 on bridge
Ignoring a sign telling e-scooter riders to dismount and push, a man rode his device on a pedestrian bridge, hitting an elderly man who fell.
— Straits Times (annoying popups)

Asia’s ‘Fort Knox’, Le Freeport in Singapore, said to be up for sale
Asia’s Fort Knox, a private, maximum-security vault in Singapore, is for sale. Le Freeport, a multi-storey repository for fine art, precious gems and even JPMorgan Chase & Co’s stash of gold, has been seeking a buyer since as far back as 2017, so far without success, according to people familiar with the matter.
— Straits Times (annoying popups)

Keppel Corp reports drop in Q2 net profit to $153m
Earnings plunged at Keppel Corporation in the second quarter, due in large part to the absence of gains from collective sales of development projects, it announced yesterday.
— Straits Times (annoying popups)

Meritocracy not to blame; Indranee spells out 4G team’s approach to tackle inequality
The principle of meritocracy is not to be blamed for the issues of inequality and social mobility facing Singapore, said Minister in the Prime Minister’s Office Indranee Rajah on Thursday (Jul 18) as she spelt out the approach taken by the 4G team to tackle such challenges.
— Channel NewsAsia (very annoying popups)

Professional engineer fined $50,000 for certifying 14 scissor lifts being safe for use, without examining or test
Tan Juay Pah, a 61-year-old Professional Engineer and an Authorised Examiner (AE) for Lifting Equipment (LE) registered with the Ministry of Manpower (MOM) was fined $50,000 on 24 June 2019, for his failure to exercise due diligence in certifying 14 scissor lifts safe for use.
— The Online Citizen

Cheapest getaways for Singapore National Day weekend
What are the cheapest destinations to fly to if you want to get away for Singapore National Day & Hari Raya Haji long weekend? We explore below.
— The Online Citizen

24 arrested, nearly 2kg of ‘mushroom’ seized in drug raids
A total of 24 suspected drug offenders were arrested and about 1.9kg of mushroom was seized during several raids on Tuesday night (Jul 16) by the Central Narcotics Bureau (CNB).
— Channel NewsAsia (very annoying popups)

US-based VoIP company 8X8 buys Singapore’s cloud startup Wavecell for US$125M
8X8, Inc., a provider of cloud-based voice, video, chat and contact centre solutions, has announced the acquisition of Singapore-based Wavecell, a communications platform-as-a-service (CPaaS) provider, for approximately US$125 million in a cash-and-stock deal.
— e27

3 Great Reasons to Attend Annual General Meetings
Annual general meetings are gatherings for investors and shareholders to ask questions or air their grievances. Here are three reasons you should attend them.
— The Motley Fool

Lazy Retirees: Earn a Growing Passive Income Stream in These 3 Steps
Here’s how you could enjoy a second income in retirement without exerting a significant amount of effort.
— The Motley Fool

Laundry shop manager guilty of killing lover
Laundry shop manager Leslie Khoo Kwee Hock, 51, who strangled his lover in his car on a quiet road near Gardens by the Bay, and then burned her body, was found guilty of murder yesterday.
— Straits Times (annoying popups)

Maxwell Chambers opens for preview ahead of grand reopening
Shutterbugs and heritage buffs were among the first to take a peek into the newly-refurbished Maxwell Chambers Suite on Thursday (Jul 18), two years after the building closed for renovation works.
— Channel NewsAsia (very annoying popups)

Woman jailed over attack on husband with golf clubs
Suspecting that her husband was cheating on her, a woman attacked the man with four different golf clubs and a vegetable peeler, leaving him with a brain injury, facial fractures and an eye injury.
— Channel NewsAsia (very annoying popups)


Feature photo WorldSkills Thailand

This week’s Singapore morning news feature photo acknowledges World Youth Skills Day, July 15.


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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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage 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.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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