Singapore morning news for June 28

Singapore morning news for June 28

Singapore morning news

Singapore reviewing again 2019 growth forecast: MAS chief
BARELY a month after the government lowered the upper-range of the full-year growth forecast by one percentage point to between 1.5 and 2.5 per cent, it is again reviewing this estimate, as recent indicators suggest that second-quarter growth could even be weaker than the 1.2 per cent recorded in the quarter before.
— The Business Times

Netizens raise concerns on announcement of 10,000 tech-related jobs to be created by new government office
With the formation of a new government office announced by the Minister for Communications and Information S Iswaran on Wednesday (26 June), the private sector in Singapore is all set to witness the creation of about 10,000 new tech-related jobs in the next three years.
— The Online Citizen

PM Lee quashes all hope that S377A will be repealed anytime soon, says the law will be around “for some time”
Singapore Prime Minister Lee Hsien Loong has quashed all hope that Section 377A will be repealed in Singapore anytime soon, as he asserted that the law criminalising gay sex will be around “for some time.”
— The Independent

Property market ‘more sober’ after cooling measures; no need to shift gears significantly: MAS
Following the introduction of cooling measures last year, Singapore’s property market is now more sober with early signs of slower price increases and lower transaction volumes.
— Channel NewsAsia (very annoying popups)

MAS net profit more than triples to S$19.2 billion on investment gains, currency effects
The Monetary Authority of Singapore (MAS) made a net profit of S$19.2 billion for the year ended March, due to better investment returns and currency effects, according to its annual report for the 2018/19 financial year released on Thursday (Jun 27).
— Channel NewsAsia (very annoying popups)

Prolonged uncertainty in Hong Kong won’t be good for Singapore: MAS chief
Prolonged political uncertainty in Hong Kong will not be good news for Singapore, said the country’s central bank chief Ravi Menon on Thursday (Jun 27).
— Channel NewsAsia (very annoying popups)

Panellists say South-east Asia entrepreneurship poised to grow
PANELLISTS at a conference celebrating Asia’s innovations say South-east Asia remains an attractive region for building a entrepreneurial ecosystem.
— The Business Times

Maybank says SG to enter recession while MAS reports its net profit jumped to $19.2B
According to a Bloomberg report yesterday (26 Jun), Maybank Kim Eng Research said that Singapore’s economy will probably experience a “shallow technical recession” in the third quarter this year, as the global trade outlook worsens.
— The Online Citizen

SMEs optimistic for H2, but less than past years
SINGAPORE’S small and medium enterprises (SMEs) are cautiously optimistic about the third and fourth quarters of 2019 – though gloomier than they have been about any other second half in recent years, according to a quarterly survey.
— The Business Times

Singapore sets sights on being 5G innovation hub
SINGAPORE cannot be happy just building towers when it comes to fifth-generation – or 5G – mobile technology, said Minister for Communications and Information S Iswaran.
— The Business Times

Singapore not relaxing property cooling measures soon, says MAS chief
IF REAL ESTATE developers and property buyers here are pinning hopes on the government relaxing the cooling measures soon, they can kill that thought.
— The Business Times

Almost 1 in 2 in S’pore stressed out by thought of doing nothing: Survey
Taking a break does not seem to come easy for stressed-out Singapore residents.
— Straits Times (annoying popups)

Over 500 military personnel promoted
The head of the task force that secured Singapore’s territorial waters off Tuas during a maritime border dispute with Malaysia at the end of last year, Colonel Seah Poh Yeen, has been promoted to rear-admiral.
— Straits Times (annoying popups)

445 cases involving gadgets in five months
At least 445 reports of e-commerce scams involving mobile phones and other electronic gadgets were received by the police in the first five months of this year.
— Straits Times (annoying popups)

PM Lee meets Abe, lauds Japan’s G-20 engagement efforts
Prime Minister Lee Hsien Loong met Japanese Prime Minister Shinzo Abe yesterday evening ahead of the Group of 20 (G-20) Leaders’ Summit in Osaka.
— Straits Times (annoying popups)

3 sites up for tender under govt land sales scheme
The Urban Redevelopment Authority (URA) yesterday released three sites for sale under the first half of the 2019 Government Land Sales programme.
— Straits Times (annoying popups)

Rising US-China trade tensions have slowed Singapore growth: MAS chief
Escalating trade tensions between the United States and China have hit global manufacturing, trade and investment which, in turn, has slowed overall growth here, said Monetary Authority of Singapore (MAS) managing director Ravi Menon.
— Straits Times (annoying popups)

Singapore must stay ahead of the game amid tech advances in warfare: Teo Chee Hean
SINGAPORE: Technology is shaping warfare and security globally and Singapore must stay on top of its game, Senior Minister and Coordinating Minister for National Security Teo Chee Hean said on Thursday (Jul 27).
— Channel NewsAsia (very annoying popups)

Singapore to spend S$40 million to build 5G ecosystem
Singapore has earmarked S$40 million to build an open, inclusive 5G ecosystem, and is looking to clusters like maritime operations and urban mobility for their export potential.
— Channel NewsAsia (very annoying popups)

1.7M Singaporeans will receive S$1B in GST vouchers and MediSave top-ups
According to a press statement from the Ministry of Finance dated June 26, a total of 1.7 million Singaporeans will be receiving notices by July 5 concerning their 2019 MediSave top-ups and GST Voucher (GSTV) benefits.
— The Independent

Former Ang Mo Kio town council general manager may end up with 4-year jail sentence
A stiff jail sentence, as well as a fine, is being sought for former Ang Mo Kio town council (AMKTC) general manager Wong Chee Meng.
— The Independent

NUS student group pits Chiam See Tong against Chee Soon Juan in social media poll
Unofficial National University of Singapore (NUS) student group, NUS Students United (NUSSU), have pitted opposition leaders Chiam See Tong against Chee Soon Juan in a social media poll.
— The Independent

New IPS study calls for higher CPF contribution rates for older workers
A policy brief from the Institute of Policy Studies (IPS) dated June 26, Wednesday, shows how increasing the Central Provident Fund (CPF) contribution rates for older workers to put them at the same level of those of younger workers would be helpful in helping them save between S$31,000 and S$145,000 more by the time their retirement period comes around.
— The Independent

POFMA has been gazetted – it is now the law of the land
The Protection from Online Falsehoods and Manipulation Act (POFMA) is officially in effect as it’s been published in the Government Gazette online on 25 June at 5pm.
— The Online Citizen

NUS Enterprise, Singapore Airlines introduce five startups from SIA Accelerator
The National University of Singapore’s entrepreneurial arm, NUS Enterprise, and Singapore Airlines (SIA)’s joint initiative is called the SIA Accelerator Programme SIA Accelerator Programme.
— e27

In rush to deploy new tech, reflect on its use: SM Teo
The rise of artificial intelligence (AI), cyber attacks and asymmetric warfare poses challenges to societies that want to be ahead of the game and not be left behind, said Senior Minister Teo Chee Hean yesterday.
— Straits Times (annoying popups)

Kovan double murder: Death row inmate seeks review of LawSoc decision
An ex-policeman, who was sentenced to death in 2015 for a crime that came to be known as the Kovan double murder, has asked the High Court to review a decision by the Law Society (LawSoc) to turn down a complaint he had filed about his lawyers.
— Straits Times (annoying popups)

E-scooter rider who hit toddler pleads guilty
A toddler suffered minor head injuries after he was knocked over by a food delivery worker riding an e-scooter along a crowded corridor on the fourth storey of Nex mall.
— Straits Times (annoying popups)

Stronger EU-S’pore ties key to linking regions: Janil
Strengthening ties between the European Union (EU) and Singapore is the key to connecting the EU and Asean, Senior Minister of State for Communications and Information Janil Puthucheary said yesterday.
— Straits Times (annoying popups)

Food delivery firms take up third-party liability insurance
Pedestrians are now better placed to claim for damages should they get into an accident involving riders from food delivery services in Singapore.
— Straits Times (annoying popups)

SIA, Malaysia Airlines sign pact to widen cooperation
Singapore Airlines (SIA) and Malaysia Airlines (MAS) have signed an agreement to step up cooperative ties, the two national carriers announced in a joint statement yesterday.
— Straits Times (annoying popups)

Five foreign workers at two dorms contract measles
Five Bangladeshi workers staying at two different dormitories tested positive for measles this month, The Straits Times has learnt.
— Straits Times (annoying popups)

Singapore growth likely to be weaker than forecast: MAS
Singapore’s growth in the second half of 2019 is likely to be weaker than earlier envisaged if the trade impasse between the United States and China drags on and further tariff measures are imposed.
— Straits Times (annoying popups)

Company Briefs: Hyflux
Hyflux said its wholly owned unit Tianjin Dagang Newspring (TDN) has successfully restructured a 617 million yuan (S$121 million) Bank of China loan.
— Straits Times (annoying popups)

Expect 600 brews, nine Singapore breweries and beer for dogs at Beerfest Asia
The annual beer festival celebrates its 11th anniversary by going big on, well, beer. Also expect a family- and dog-friendly carnival.
— Channel NewsAsia (very annoying popups)

Tour guide jailed for falsely accusing officer at Tuas Checkpoint of asking for bribe
A 42-year-old Indonesian man was on Thursday (Jun 27) sentenced to three weeks’ jail for giving false information alleging that an officer at Tuas Checkpoint had asked him for a bribe.
— Channel NewsAsia (very annoying popups)

He was born in prison and has never celebrated his birthday
5-year-old Haiqel lives with his aunt, whose financial struggles means they can’t afford birthday parties for him. This year, a surprise awaits thanks to a kind stranger.
— The Pride

Six people taken to hospital after DHL lorry collides with truck at Tanah Merah Coast Road
Six people were taken to hospital after the truck they were in collided with a DHL lorry at Tanah Merah Coast Road on Thursday morning (Jun 27).
— Channel NewsAsia (very annoying popups)

Tourist who snagged a job in Singapore during her vacation here draws widespread backlash
A tourist who snagged a job in Singapore during her vacation here has drawn widespread backlash on social media.
— The Independent

Government sites at one-north Gateway, Hillview Rise and Dunman Road up for sale
Two housing sites and one residential with commercial site with a combined yield of 1,545 homes were released for sale under the first half 2019 Government Land Sales (GLS) Programme on Thursday (Jun 27).
— Channel NewsAsia (very annoying popups)

TTSH asks elderly patient’s son to remove Facebook postings against hospital
It was reported on TOC yesterday (26 Jun), that the son of an elderly patient took to Facebook to highlight the horrible experience his mother had to endure at Tan Tock Seng Hospital (TTSH).
— The Online Citizen

Ex-Keppel agent pleads guilty in massive Petrobras bribery scandal
An ex-agent of the US branch of Singapore’s Keppel Offshore & Marine has pleaded guilty in a massive US$55 million bribery scheme involving Brazillian officials and Brazil’s state-owned oil company Petroleo Brasileiro SA (Petrobras) spanning over a decade.
— The Online Citizen

Online users remain unimpressed after Singtel CEO took 43% pay cut to S$3.5 million in challenging year hit
With a 44% drop in net profit in what was deemed as a year hit by “a perfect storm”, Singapore Telecommunications (Singtel) CEO Chua Sock Koong’s saw her annual pay package dip to nearly half.
— The Online Citizen

Singapore government not relaxing property cooling measures for now: MAS
THERE is no good news for local real estate developers and prospective property buyers at the Monetary Authority of Singapore (MAS) annual report media briefing on Thursday.
— The Business Times

Property deals in Singapore could go fully digital, under planned law tweaks
SEVEN in 10 property transactions in Singapore are handled with hard-copy documents, but paperwork could soon be a thing of the past.
— The Business Times

Grab gets additional US$300m in funding from Invesco
RIDE-HAILING giant Grab has secured US$300 million in additional funding from global independent investment management company Invesco to further its expansion efforts in the region.
— The Business Times

Teen on probation for taking upskirt videos
A teenager used his mobile phone to record upskirt videos of at least two teachers in his school and a clip of his sister’s friend while she was taking a shower in his flat.
— Straits Times (annoying popups)

Tech can help nurses focus on core role: Halimah
An international superhero congress is being held in Singapore for the first time.
— Straits Times (annoying popups)

Raffles Hotel rolls out new tech as part of productivity push
Guests at posh Raffles Hotel can now bypass the butler service and order food, spa sessions and other treats with a click on a tablet that comes with the room.
— Straits Times (annoying popups)

Logistic firms urged to adapt to tech trends
Logistics businesses will need to be agile and adapt to new technology, said Senior Minister of State for Trade and Industry Koh Poh Koon yesterday.
— Straits Times (annoying popups)

SGX unveils new organisational structure
The Singapore Exchange (SGX) unveiled a new organisational structure yesterday and also announced that president Muthukrishnan Ramaswami is stepping down.
— Straits Times (annoying popups)

Singapore bourse ranks 10th globally by IPO proceeds in Q2
Two big property trust listings lifted the Singapore Exchange (SGX) into the top 10 of global bourses by initial public offering (IPO) proceeds in the second quarter.
— Straits Times (annoying popups)

MAS in talks with Facebook over its Libra cryptocurrency
Facebook’s new Libra cryptocurrency could help to solve inefficiencies in cross-border payments, but the social media giant’s initiative needs deeper study, Monetary Authority of Singapore (MAS) managing director Ravi Menon said yesterday.
— Straits Times (annoying popups)

Minority shareholders block $183m exit offer for Challenger
Minority shareholders, disgruntled at what they regarded as a cheapskate offer for their stock, shot down an $183 million buyout of local IT retailer Challenger at a dramatic meeting yesterday.
— Straits Times (annoying popups)

Man arrested after teenager robbed of S$500 cash at knifepoint on bus
A 30-year-old man was arrested on Thursday (Jun 27) after a teenager was robbed at knifepoint on a bus travelling along Sembawang Road.
— Channel NewsAsia (very annoying popups)

When kindness isn’t contagious
According to the folks at Singapore Kindness Movement (SKM), one in four young people hold back from showing kindness in public because they are afraid of being embarrassed. Looking stupid or being mocked on social media was cited as deterrents to lending a hand by respondents aged 15 to 24. I can see how …
— The Online Citizen

1 Solid Singapore Blue Chip That Has Paid Dividends for More Than 15 Years!
Are you a serious long-term dividend investor? If so, find out more about this solid Singapore dividend stock right here.
— The Motley Fool

Singapore Food Festival returns with LiHO avocado kopi and Ya Kun Pocky
The 26th edition will run from Jul 12 to 28, and delve into the stories and experiences that drive our singularly Singapore food obsession.
— Channel NewsAsia (very annoying popups)

Man arrested for molesting teenager in VivoCity cinema
A 23-year-old man was arrested on Wednesday (Jun 26) for allegedly molesting another man in a cinema at VivoCity.
— Channel NewsAsia (very annoying popups)

 

Feature photo fabcan

 

FindĀ 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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