Singapore morning news for March 29

Singapore morning news for March 29

Singapore morning news

Singapore will invest $724 million in technology transformation
Singapore will allocate $724 million under a current plan to transform its economy into one that relies more on fields such as research and on companies that create new markets and jobs.
— The Edge Singapore

Burning smell across Singapore could ease in coming weeks: NEA
The burning smell across Singapore is likely to occur less frequently in the next one or two weeks, said the National Environment Agency (NEA) on Thursday (Mar 28).
— Channel NewsAsia (very annoying popups)

Singapore, Australia to collaborate on FinTech development
Singapore FinTech Association (SFA) and FinTech Australia (FA) have agreed to further strengthen opportunities for FinTech firms across both countries.
— Telecom Asia

Singapore National Eye Centre cuts fees for 20 treatments
The cut in fees will affect about 14,500 procedures done at the eye centre each year. The move could cut each bill by up to several hundred dollars.
— Straits Times (annoying popups)

MAS can give much needed boost to Singapore equity markets
THE Monetary Authority of Singapore (MAS) should consider emulating the equity investment strategies of the Bank of Japan (BOJ) and Swiss National Bank if it seeks to revitalise Singapore’s troubled equity capital markets, amid concerns about their future.
— The Business Times

Singapore:Insurer forms JV offering kidney dialysis services
One of Singapore’s biggest insurers, NTUC Income (Income), has announced a joint venture (JV) with Denver headquartered healthcare provider DaVita to operate kidney dialysis centres in Singapore.
— Asian Insurance Review

Singapore recalls 3 high blood pressure drugs containing Indian company made active ingredient
Singapore’s health authority on Thursday announced recall of three brands of high blood pressure medicine containing losartan, an active ingredient manufactured by an Indian pharma company, which contained higher than acceptable levels of a potentially harmful impurity.
— Business Standard

SPORTS EVENTS IN SINGAPORE
Singapore’s diversity in its people, culture, traditions and trends also means diversity in its wonderful offerings to its own citizens and all its visitors.
— Khmer Times

Singaporeans must remain open to foreigners, says Heng Swee Keat
It will be very negative for Singaporeans to draw an exclusive circle for themselves as Singapore would then have no place in the world, Mr Heng said.
— Straits Times (annoying popups)

Singapore to Invest $535 million in R&D, including Cultured Meat and Robots
Yesterday the National Research Foundation (NRF) of Singapore announced the RIE2020 plan, which will allocate S$724 million ($535 million) to boost the city-state’s economy and to bolster R&D efforts in cell therapy manufacturing, digital technology (like AI and robotics), and sustainable urban food production.
— The Spoon

Residents’ confidential data left exposed after SingPost mailman leaves letterboxes unlocked
Singapore Post (SingPost) has been called out for poor service yet again, after a Singaporean found that the door to a group of letterboxes had been left wide open.
— The Independent

Smart City adoption needs tailored approach
BRING up the term “Smart Nation” anywhere in Singapore and, quite possibly, most people would associate it with government initiatives such as the SGQR code and SingPass mobile.
— The Business Times

Singapore will have ethnic minority PM at right time, says Heng Swee Keat
At the right time, and when enough Singaporeans are open to the idea, the country will have a prime minister from an ethnic minority, and this is something the Government hopes for, Finance Minister Heng Swee Keat said yesterday.
— Straits Times (annoying popups)

Investment banking fees fall a quarter to US$173 mil in 1Q: Refinitiv
Singapore investment banking activities generated US$172.8 million ($234 million) in fees in the first quarter ended Wednesday, which was 24.8% lower compared to a year ago.
— The Edge Singapore

‘Burning smell’ in the air should lessen in 2 weeks: NEA
If you have been detecting a burning smell in the air, it is because of smoke plumes from Johor, Malaysia, and this should get better over the next one or two weeks, the National Environment Agency (NEA) said.
— Today Online

Singapore passport, ranked highest in the Henley Passport Index update
Singapore has been judged as having one of the world’s most powerful passports, alongside Japan and South Korea.
— The Independent

137,000 patients affected by losartan high blood pressure medicine recall: MOH
About 137,000 patients in Singapore are using the three recalled brands of high blood pressure medicine containing losartan, the Ministry of Health (MOH) said on Thursday (Mar 28).
— Channel NewsAsia (very annoying popups)

Dr M says their ageing combat aircraft can still be used while Dr Ng proceeds to buy F35s
Speaking in a press conference at the Langkawi International Maritime and Aerospace Exhibition yesterday (26 Mar), Malaysia Prime Minister Dr Mahathir Mohamad said that Malaysia’s ageing combat aircraft are still functioning well and can be used for several more years.
— The Online Citizen

Developers welcome incentive scheme to revamp CBD
AXA Tower, a landmark cylindrical-shaped building in Shenton Way, may well usher in a wave of redevelopment in the Central Business District (CBD) under an incentive scheme announced at Wednesday’s launch of the Draft Master Plan.
— Straits Times (annoying popups)

Intervention in fried rice paradise
Few go hungry in food haven Singapore but there is still a segment of the population who are not food secure because of income or health issues that make preparing or buying nutritious meals difficult.
— The Edge Singapore

Pilot plans for underground space in select areas
THE Urban Redevelopment Authority (URA) has unveiled underground space plans for Marina Bay, Jurong Innovation District and Punggol Digital District as it studies underground space with the aim of using land more efficiently.
— The Business Times

UNESCO bid not about claiming ownership of hawker culture: NHB
The nomination will be evaluated by six UNESCO experts qualified in various fields of intangible cultural heritage and six representatives of accredited non-governmental organisations.
— Channel NewsAsia (very annoying popups)

Daily Briefing: GIC to buy 15% stake in India’s GMR Airports; Singapore government to invest in cell therapy manufacturing
A consortium of India’s Tata Group, a unit of Singapore’s sovereign wealth fund GIC and SSG Capital Management will invest US$1.2b (₹80b) to buy a stake in GMR Airports Ltd, which runs India’s biggest airport.
— Singapore Business Review

Singapore, S. Korea and Japan share ‘most powerful passport’ spot
Singaporeans again hold the world’s most powerful passport, this time alongside the Japanese and South Koreans.
— Straits Times (annoying popups)

Wheels set in motion for attitudes toward academic success to change: Ong Ye Kung
While Singaporeans are known to be obsessed with academic success and grades, Education Minister Ong Ye Kung is hopeful that the country will see a shift in attitudes within this generation.
— Today Online

184 cases reported, 7 PCF Sparkletots preschools affected by gastroenteritis outbreak
The number of people affected by a suspected gastroenteritis outbreak at several PCF Sparkletots preschool centres has increased to 184, from 109 previously.
— Channel NewsAsia (very annoying popups)

JB High Court grants bail to Singaporean involved in chemical dumping in Pasir Gudang
On March 27, the Singaporean who was charged in connection with the illegal chemical dumping at Sungai Kim Kim in Pasir Gudang was granted bail. This occurred after a decision from the Sessions Court was overturned by the High Court.
— The Independent

Burning smell set to be reduced with rain: NEA
The burning smell reported across the island over the past two months may soon occur less frequently, the National Environment Agency (NEA) said yesterday.
— Straits Times (annoying popups)

Leong Sze Hian marks official entry into politics as People’s Voice Party appoints him as Shadow Finance Minister
Leong Sze Hian has officially marked his entry into the Singapore political scene as People’s Voice Party (PVP) appoints the financial advisor and veteran blogger as its Shadow Finance Minister.
— The Online Citizen

HR professional reveals that unemployed senior managers are applying for junior secretary position
A HR professional recently revealed on social media that the job market is so bad that unemployed middle-aged workers who used to work as senior managers and directors are resorting to applying for a junior secretary position.
— The Independent

Property sector kept at ‘overweight’ by CGS-CIMB as URA unveils 2019 draft master plan
CGS-CIMB Securities is maintaining its “overweight” on property developers given higher possibility of unlocking value from older commercial assets.
— The Edge Singapore

Daily Briefing: GIC to buy 15% stake in India’s GMR Airports; Singapore government to invest in cell therapy manufacturing
A consortium of India’s Tata Group, a unit of Singapore’s sovereign wealth fund GIC and SSG Capital Management will invest US$1.2b (₹80b) to buy a stake in GMR Airports Ltd, which runs India’s biggest airport.
— Singapore Business Review

What You Need to Know about Customer Concentration Risk
Investors need to carefully review a company’s customers to check for customer concentration risk.
— The Motley Fool

Singapore submits Unesco bid to recognise hawker culture
The Republic’s nomination to inscribe hawker culture in Singapore on the Unesco Representative List of the Intangible Cultural Heritage of Humanity was submitted on Wednesday.
— Straits Times (annoying popups)

Brad Bowyer no longer associated with Lim Tean’s People Voice party
On March 28 (Thursday), former PAP turned opposition Brad Bowyer announced his resignation from the People’s Voice (PV) opposition party.
— The Independent

Top execs from Teambuild, CDL and Surbana Jurong to join BCA board
THREE business executives and an academic will join the board of Singapore’s Building and Construction Authority (BCA) in April, the Ministry of National Development announced on Thursday.
— The Business Times

Mahathir equally disappointed by MP Nurul Izzah’s interview with Singapore’s Straits Times
Permatang Pauh MP Nurul Izzah Anwar did not only drew support from the public but also faced much backlash from the PH and PKR coalition over her negative comments towards Prime Minister Dr Mahathir Mohamad’s present governance in her controversial interview with Singapore’s Strait Times.
— The Online Citizen

E-commerce firm Shopmatic buys brick-and-mortar retail solutions specialist Octopus
LOCAL e-commerce solutions startup Shopmatic is acquiring brick-and-mortar retail solutions specialist Octopus Retail Management as it pursues an omnichannel strategy.
— The Business Times

Marine Parade cat carer disputes town council’s allegations in moving 2 cats to Harbourfront
The Cat Welfare Society also pointed out that the relocation was done by a pest control company.
— Mothership

Geylang Serai Bazaar: Most stalls to sell traditional Malay goods, food required to meet halal criteria
Organisers of the Geylang Serai Ramadan bazaar said on Thursday (Mar 28) that most of the stalls in this year’s edition will sell traditional goods related to Hari Raya and the Malay culture, and that all the food stalls will be required to sell food suitable for Muslim visitors.
— Channel NewsAsia (very annoying popups)

Egg-citing Days: MPs are posting articles about a man sentenced to 28 days in jail for egging a UK MP
It seems that the egg threat incident is not over with fresh ammunition from an overseas precedent. A couple of Singapore’s Members of Parliament have posted links to a man in the UK who was sentenced to 28 days in jail for egging opposition leader Jeremy Corbyn.
— The Independent

2 Things That Investors Should Know About Lippo Malls Indonesia Retail Trust Now- Latest Result & Valuation
We take a look at the latest financial performance and valuation Lippo Malls Indonesia Retail Trust (SGX: D5IU)
— The Motley Fool

Pireas’ error caused collision with M’sian vessel Polaris: MPA
The collision between Malaysian vessel Polaris and Greece-registered bulk vessel MV Pireas was caused by an error in a turning manoeuvre by the Pireas, said the Maritime and Port Authority of Singapore (MPA).
— Today Online

SINGAPORE MAKES BRISBANE UNIQUELY ALL A350
Singapore Airlines is going all A350 to Brisbane from May 1, making it the only destination in the carrier’s global network to have multiple daily flights all operated by the advanced twin-engine aircraft.
— Airline Ratings

SCCC, SPH unit broaden partnership to boost Chinese cultural scene
The Singapore Chinese Cultural Centre (SCCC) and Singapore Press Holdings’ (SPH) Chinese Media Group have signed a strategic memorandum of understanding (MOU) to broaden the scope and depth of their partnership for the next two years.
— Straits Times (annoying popups)

SMI says Hyflux’s schemes of arrangement ‘do not satisfy’ restructuring deal
Hyflux’s white knight SM Investments (SMI) has issued a statement saying it does not agree with the schemes of arrangement of proposed by the water company and that the schemes do not satisfy the conditions of the restructuring agreement.
— The Edge Singapore

Hyflux’s investor reviewing terms of restructuring plan due to ‘new material information’
SM Investments (SMI) said on Thursday (Mar 28) that it has been reviewing the sums that should be set aside for Hyflux’s working capital needs and to settle creditors’ claims, in light of “new material information” on the embattled water treatment firm.
— Channel NewsAsia (very annoying popups)

 

Feature photo 5477687

 

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.

 

The following two tabs change content below.

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.

Latest posts by Piseth Pov (see all)

Support independent media by sharing using these tools. Do not steal our content

Leave a Reply

Your email address will not be published.