Singapore morning news for March 5

Singapore morning news for March 5

Singapore morning news

New programme to help local furniture and lifestyle product designers expand overseas
Established local furniture and lifestyle product designers looking to expand beyond Singapore can now apply for DesignSingapore Council (DSG)’s new Business of Design (BOD) programme.
— Straits Times (annoying popups)

Singapore Plans S$300 Million to Spur Innovation in Digital Push
Singapore will allocate a further S$300 million ($222 million) to spur research in digital innovation as the government transforms the economy through technology.
— Bloomberg

Parliament: Singapore to launch pilot for digitising shipping documents
A pilot project is starting later this year to turn paper-based bills of lading into electronic ones to reduce delays when container ships, especially those carrying perishable goods, dock and unload here.
— Straits Times (annoying popups)

Talks still ongoing over Singapore water issue, foreign minister says
Discussions between Malaysia and Singapore so far have been positive and have not reached the stage of taking the water supply agreement to the International Court of Justice (ICJ), said Foreign Minister Datuk Saifuddin Abdullah.
— Malay Mail

Changi passenger count grows
Singapore Changi Airport handled 5.62 million passenger movements in January, a 6% year-on-year increase.
— TTR Weekly

Singapore regulates its Personal Mobility Devices
Two Singaporean start-ups were charged in court last month for providing Personal Mobility Device-sharing (PMD-sharing) services at public places
— The Asean Post

5 things to do in Singapore this week: 4th to 10th March 2019
If you’re all about fitness, sweat it up with WeBarre at habitat by honestbee, then give your liver a workout at IB HQ’s International Women’s Day celebrations.
— Asia One

More help for Singapore businesses and workers to grow and transform
From customised help for high-growth companies to making financing schemes more accessible and enhancing support for employer-led training, Singapore will continue to double down on efforts to help businesses grow while ensuring that workers benefit from the transformation.
— Channel NewsAsia (very annoying popups)

Singapore 2nd in ranking of world’s most innovative intellectual property offices
THE Intellectual Property Office of Singapore (Ipos) has clinched second spot in a latest annual ranking of the world’s most innovative IP offices, second only to the European Union (EU).
— The Business Times

New facility for high-tech farming, R&D to be ready by 2021: Koh Poh Koon
As part of efforts to grow the food and agri-tech sector, a new 18-hectare Agri-Food Innovation Park will be built in Sungei Kadut.
— Channel NewsAsia (very annoying popups)

The life and times of the Merdeka Generation, and what it will take to help the future cohorts
The Merdeka Generation, born from 1950 to 1959, lived through Singapore’s tumultuous early years, and gained a perspective of Singapore’s place in the world that many younger people probably lack.
— The Edge Singapore

Surgeon fights suspension for failing to give adequate medical leave
A hand surgeon who gave a foreign worker one day of medical leave and certified him fit for seven days of light duties after surgery is fighting against his conviction for professional misconduct.
— Straits Times (annoying popups)

SCDF battling fire near Lim Chu Kang cemetery, operations to last through the night
Firefighters are trying to put out a vegetation fire near Lim Chu Kang Chinese Cemetery which broke out on Monday morning (Mar 4), and efforts are expected to continue through the night.
— Channel NewsAsia (very annoying popups)

The Independent Singapore retracts articles alleging NTUC Foodfare bullied hawkers
Socio-political website The Independent Singapore has retracted two articles that made allegations against food-centre operator NTUC Foodfare Co-operative, saying on Friday (March 1) it has since learnt that “some of the facts in the articles were not as what we were led to believe”.
— Today Online

MPs call for the end of streaming, saying labels like ‘Normal’ limit students’ potential
It is time to move away from streaming children into Normal and Express tracks, several MPs urged on Monday as the debate on MOE’s budget kicked off.
— Straits Times (annoying popups)

Singapore committed to resolving bilateral issues with Malaysia in ‘amicable and constructive manner’
Speaking in Parliament during his ministry’s Committee of Supply debate, Foreign Affairs minister Vivian Balakrishnan outlined Singapore’s approach to several key foreign policy concerns, pointing out that Singapore’s foreign policy principles remain as salient today as they were at independence.
— Intellasia

Singapore’s factory activity shrinks to lowest since December 2016
Manufacturing activity in Singapore shrank for the sixth consecutive month in February, as demand for made-in-Singapore goods as well was employment levels slowed, amid an uncertain economic and trade environment at home and abroad.
— Channel NewsAsia (very annoying popups)

Singapore manufacturing growth slows for sixth straight month in Feb
SINGAPORE’S manufacturing growth continued its steady decline for the sixth straight month in February, with the electronics sector seeing contraction for the fourth month in a row, according to Monday’s release of the latest Purchasing Managers’ Index (PMI), a leading indicator of economic activity.
— The Business Times

Defence Minister Ng Eng Hen announces next-gen SAF would need considerable investments
Dr Ng Eng Hen, the country’s Minister of Defence, elaborated on improvements to Singapore Armed Forces (SAF) that would dissuade aggression as well as bring the Republic into the future.
— The Independent

Parliament: Time to re-look infrastructure of junior colleges?
Since National Junior College was opened in 1969 as Singapore’s first junior college, the JC curriculum has been reviewed and enhanced periodically.
— Straits Times (annoying popups)

Singapore, Malaysia leaders butt heads again over water pact
Singapore and Malaysia leaders are once again butting heads over water, a sore point between the two countries over the years.
— The Edge Singapore

Parliament: MOE committed to special needs education but workplaces should also be inclusive, says Indranee
Schools here already are committed to ensuring that children with special needs get a full education but the government can only do so much, said Second Minister for Education Indranee Rajah on Monday (March 4).
— Straits Times (annoying popups)

The politics of fear versus the power of persistence
In what’s starting to look like a trend of venue organisers pulling the rug from under a Singapore Democratic Party (SDP) event, about 200 people showed up at a hotel ballroom last weekend.
— The Online Citizen

New, updated schemes to support businesses, workers in digital economy: Iswaran
NEW and updated measures are on the way to help businesses and workers in the digital economy, said Minister for Communications and Information S Iswaran on Monday.
— The Business Times

Grace Fu: Singapore must aim for gender-equality
In commemorating international women’s month, Grace Fu, Singapore’s Minister for Culture, Community, and Youth, said, “We need everyone to be involved in striving towards a gender-equal society.”
— The Independent

Global landscape of ride hailing apps: Is the dust settling?
Champion Several ridesharing companies around the world are planning to list their stocks publicly in 2019. But how are they actually faring, and do they have a chance at becoming profitable?
— The Online Citizen

New innovation park, steering committee for Singapore agri-tech sector
FOOD and agri-technology is a new growth sector and potential export industry that Singapore is entering, with an upcoming 18 hectare innovation park in Sungei Kadut and a multi-agency steering committee, Senior Minister of State for Trade and Industry Koh Poh Koon said.
— The Business Times

Here’s How Singapore-Listed Banks Performed in 2018
A look at how DBS Group Holdings Ltd (SGX: D05), United Overseas Bank Ltd (SGX: U11) and Oversea-Chinese Banking Corporation Limited (SGX: O39) performed in 2018 using some key metrics.
— The Motley Fool

Build global-ready talent, enhance FTAs: Chan Chun Sing on how Singapore can deepen world links
Singapore needs to remain connected with the world so as to prepare for its next stage of growth, and one way of doing so is to build up local talent with overseas market know-how to help companies venture abroad, said Trade and Industry Minister Chan Chun Sing on Monday (Mar 4).
— Channel NewsAsia (very annoying popups)

More time needed for Dairy Farm’s restructuring to show results
Analysts are keeping a neutral stance on Dairy Farm, a member of the Jardine Matheson Group, following its FY18 results announcement.
— The Edge Singapore

SGX should scrutinise all IPO and Listing company’s applications
The troubles of Hyflux have been widely reported in mainstream media. Hyflux may be delisted if it can’t solve its debts, and the thirty over thousands shareholders will be losing their hard-earned money.
— The Online Citizen

Singapore to start 5G roll-out by 2020: Iswaran
SINGAPORE plans to start rolling out fifth-generation mobile network technology, or 5G, by 2020.
— The Business Times

Explainer: Data portability and how it affects everything from streaming music to insurance plans
Imagine a world where special promotions arranged by your bank pop up on your phone as you enter your favourite store, while the background music changes to a track that you recently saved on Spotify.
— Today Online

KTL Global to issue $5.35m of zero interest convertible bonds to Chinese investor
Offshore services company KTL Global has agreed to issue S$5.35 million in five-year, zero-coupon convertible bonds to a Chinese investment firm to raise money for growth and expansion, according to filings on the Singapore Exchange on Monday (March 4).
— Straits Times (annoying popups)

Singapore must diversify and not overly rely on any market: Chan Chun Sing
EXPANDING Singapore’s network of free trade agreements (FTAs) “ensures the diversification of our markets and supply chains, to not overly rely on any one particular market”, said Minister for Trade and Industry Chan Chun Sing during the ministry’s Committee of Supply on Monday.
— The Business Times

Eliminating paper documents, S$300m research fund top-up among MCI’s 2019 plans
TradeTrust is a new initiative aimed at allowing for the exchange of digital trade documentation both locally and globally, and maritime trade is the first industry being targeted.
— Channel NewsAsia (very annoying popups)

MOM to reduce foreigners in service sector job but netizens ask what about foreign PMETs
Singapore’s service sector will one day see a reduction in foreign workers who’s willing to work here for the pay that they’re being offered.
— The Online Citizen

Singapore’s data privacy watchdog fielded nearly 3,000 cases in 2018: S Iswaran
The Communications and Information Minister also says the Personal Data Protection Commission is adequately resourced to investigate cases as they come in.
— Channel NewsAsia (very annoying popups)

A better populism
The post-war economic success of liberal democracies was not simply the result of letting markets flourish.
— The Edge Singapore

Cybersecurity an ‘economic opportunity’ for Singapore: Janil Puthucheary
CYBERSECURITY took centre stage in Parliament on Monday, roughly a fortnight after “digital defence” was added as the sixth pillar of Singapore’s Total Defence ideology.
— The Business Times

26 vulnerabilities detected from 2nd Singapore Govt bug bounty programme
The top local hacker is Samuel Eng, who found four of the validated vulnerabilities and got a bounty of US$1,750 as a result.
— Channel NewsAsia (very annoying popups)

Businesses that take up EDG funding must commit to ‘fulfilment of worker outcomes’: Koh Poh Koon
BUSINESSES that receive funding support from the Enterprise Development Grant (EDG) from April 1, 2020, will be required to commit to the fulfilment of worker outcomes such as wage increases, job creation, job-redesign or hiring older workers, Singapore’s Senior Minister of State for Trade and Industry Koh Poh Koon said in Parliament on Monday.
— The Business Times

More than 500 Protection Order applications made under POHA since Nov 2014: Edwin Tong
More than 500 applications for Protection Orders were made under the Protection from Harassment Act (POHA) over about four years, Senior Minister of State for Law Edwin Tong said in the Committee of Supply debate on Monday (Mar 4).
— Channel NewsAsia (very annoying popups)

US office REITs offer choice between two asset classes with different risk profiles
The two local real estate investment trusts (REITs) with US properties have moved up handsomely since the start of the year for two main reasons: clarity on tax and a dovish-sounding US Federal Reserve.
— The Edge Singapore

Borrowing limits at Singapore’s libraries to be permanently raised
Senior Minister of State for Communications and Information Sim Ann says this is in addition to the raised eBook loan quota from eight to 16.
— Channel NewsAsia (very annoying popups)

 

Feature photo Cirrus Yachting

 

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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