Singapore morning news for May 1

Singapore morning news for May 1

Singapore morning news

Singapore workers more anxious about change than losing their job to automation
Singapore workers are less anxious about potentially losing their jobs due to automation than they are about having to learn new skills or change the way they perform their tasks. Most also welcome workplace automation as a positive progress as these tools simplify work processes and reduce repetitive.
— ZD Net

Employment agency fined S$78,000 after uploading insensitive maid ads on Carousell
Employment agency SRC Recruitment was fined S$78,000 on Tuesday (Apr 30) after uploading insensitive advertisements of foreign domestic workers on online marketplace Carousell.
— CNA  (very annoying popups)

Singapore manufacturers, services firms less upbeat about next 6 months
MANUFACTURING and services firms in Singapore have become less optimistic about business prospects in the next six months, although both sectors expressed overall slight positive sentiment, two surveys released on Tuesday have found.
— The Business Times

S’pore bank lending up 0.6% in March: MAS data
Bank lending inched up 0.6 per cent from February to March, as stronger business borrowing offset the continued contraction in consumer loans.
— Straits Times (annoying popups)

Singapore’s Jungle Ventures Raises $175 Million
Singapore’s Jungle Ventures has raised $175 million from investors including Temasek Holdings Pte for the first close of its third fund, according to people familiar with the matter.
— Bloomberg

Singapore Airlines, SATS extend partnership with new five-year contract commitment
Singapore Airlines (SIA) and SATS Ltd have agreed to renew a suite of aviation services contracts for the next five years as part of their bid to strengthen Singapore’s overall competitiveness as a hub.
— The Edge Singapore

Singapore leaders extend congratulations, well-wishes to Japan Emperor Akihito
President Halimah Yacob and Prime Minister Lee Hsien Loong have extended their well-wishes to Japan Emperor Akihito on his abdication from the throne, the Singapore Ministry of Foreign Affairs said on Tuesday (Apr 30).
— CNA  (very annoying popups)

Singapore fake-news bill raises fears of censorship
Not much good, according to human rights groups and civil society activists in Singapore, the Asian nation that has become the latest country on track to pass a law about fake news.
— Coda Story

S’pore & China want good relations even with new prime minister at the helm: PM Lee
PM Lee said Finance Minister Heng Swee Keat had interacted with Chinese ministers on several occasions.
— Mothership

Strong labour movement remains ‘crucial’ to Singapore: PM Lee
In his May Day Message on Tuesday (Apr 30), Mr Lee also commended the work of the Labour Movement, pointing out that it has “good reason” to be proud of its record over the last 50 years.
— CNA  (very annoying popups)

Singapore manufacturers, services firms less upbeat about next 6 months
MANUFACTURING and services firms in Singapore have become less optimistic about business prospects in the next six months, although both sectors expressed overall slight positive sentiment, according to two surveys released on Tuesday.
— The Business Times

NUS voyeur filmed children in shopping mall toilet, had charges withdrawn by police
A National University of Singapore (NUS) student who filmed children in a toilet in 2015 had charges against him withdrawn.
— CNA  (very annoying popups)

POFMA will likely cover private messages such as WhatsApp, FB messaging
The proposal of the Protection from Online Falsehoods and Manipulation Act (POFMA) have people concerned over the scope of the legislation.
— The Online Citizen

LTA announces ERP increases at certain points, starting May 6
Higher charges at two Electronic Road Pricing (ERP) gantries during peak hours will be implemented starting May 6. On April 29 (Monday), the Land Transport Authority (LTA) announced the increase in rates after its quarterly review of traffic conditions on roads and expressways.
— The Independent

Beauty, restaurant ads top consumer complaints in 2018
The top grouse for consumers last year was misleading beauty-related advertisements, with complaints about the restaurant sector coming in a close second.
— Straits Times (annoying popups)

Crawling to extinction: Singapore turtle haven fights for life
PICTURES AND VIDEO BY THEODORE LIM by Theodore Lim Hundreds of turtles and tortoises, including rare and endangered species, face an uncertain future after their Singapore sanctuary – a Guinness World Record holder – was forced to relocate due to government redevelopment plans.
— The Online Citizen

Singapore not immune to “voyeurism”; effects of being the victim of spycams and digital phones go beyond physical damage, says expert
Despite Singapore’s conservative stance as a society and the existence of strict guidelines on violence and harassment against women, the country is not exempt from technology-assisted voyeurism.
— The Independent

Singapore’s Workplace Safety and Health Council urges co-workers to show care
Singapore’s Workplace Safety and Health (WSH) Council has launched a new campaign aimed at reminding workers how easy it is to show care for their co-workers and prevent injuries in the workplace.
— The Drum

Ascendas REIT poised to benefit from current rate environment, but yields may be tight
Maybank Kim Eng and OCBC Investment Research are maintaining their “buy” and “hold” calls on Ascendas REIT (AREIT) while raising their price target and fair value estimate to $3.20 and $2.74 from the previous $3.10 and $2.64, respectively.
— The Edge Singapore

Court warns it is not bound by collective-sale deadlines
Singapore’s top court has warned that collective sales committees and their advisers will have to bear the consequences when court rulings cannot be given in time for the sale of a property to be completed.
— Straits Times (annoying popups)

Oxley sells Singapore office tower in US$753m deal
Singapore’s office market is running hot — so much so that debt-laden Oxley Holdings Ltd. just sold a building for S$365 million ($268 million) more than it paid less than 18 months ago.
— The Star Online

CHAS patients to be limited to 24 claims for common illnesses a year
Patients under the Community Health Assist Scheme (CHAS) will from next year be limited to a maximum of 24 visits annually to clinics for common illnesses such as colds.
— CNA  (very annoying popups)

SPH and Mediacorp remain silent on criticisms and concerns by various statements published by different groups on POFMA
After the Protection from Online Falsehoods and Manipulation Bill (POFMA) was proposed in Parliament on 1 April, it instantly became the talk of the town and received a high volume of criticism and concerns from various parties across Singapore and around the world.
— The Online Citizen

Work trends change, but a strong labour movement still crucial
A STRONG labour movement remains crucial to Singapore – even as the future of work looks very different, Prime Minister Lee Hsien Loong said in his May Day Message for this year.
— The Business Times

Businesses must transform to stay ahead: Heng
With the rapid pace of change in the economic landscape and uncertainties in the global economy, businesses must take the necessary steps to transform to stay competitive and relevant, said Finance Minister Heng Swee Keat yesterday.
— Straits Times (annoying popups)

Singapore is the fifth most property-obsessed nation
Singapore is ranked as the world’s fifth most property-obsessed nation with residents spending over 3.2 hours conducting property research, according to a report from HSBC.
— Singapore Business Review

Singapore firms slightly more upbeat about prospects
Singapore’s economy may be picking up after two quarters of slowing growth, with more companies saying they expect business conditions to improve over the next six months.
— Nikkei Asian Review (paywall)

‘Sometimes, the key to innovation may lie outside the company or country’
WHILE having the right champions to convince workers of the need for innovation is key to successful business transformation, companies should not be afraid to tap external resources, where required, to achieve their goals.
— The Business Times

Stepping up to help the community
Minister for Culture, Community and Youth, Ms Grace Fu, doing a trampoline workout yesterday with managing director of 3M Singapore Yuko Nakahira, vice-chairman of South East Community Development Council Seah Kian Peng, and others at the 3M Step-Up Challenge, an initiative to help less privileged households in the South East District.
— Straits Times (annoying popups)

82,000 people in Singapore today have dementia – and 3 in 4 feel ashamed and rejected because of the illness
Conducted by the Singapore Management University (SMU) and Alzheimer’s Disease Association (ADA), the survey found that three in four people with dementia feel rejected and lonely.
— Business Insider

Nearly half of Singaporeans prefer contactless payments as their top payment choice, says Visa Study
According to the 2018 Consumer Payment Attitudes Study by Visa, it was found that close to 50 per cent of Singaporeans choose to pay via contactless payments (card and mobile) instead of cash, traditional card payments and QR payments.
— The Online Citizen

Infocomm-training company expands to meet demand for ICT professionals
It is back to the classroom for 40 adults, who are staring intently at their laptop screens, solving coding challenges assigned by their instructor and designing user-friendly websites.
— Straits Times (annoying popups)

Hutchison Port Holdings Trust kept at ‘hold’ by OCBC, DBS on subdued outlook
OCBC Investment Research and DBS Group Research are maintaining their “hold” calls on Hutchison Port Holdings Trust (HPHT).
— The Edge Singapore

More thundery showers expected in the first half of May: Met Service
More thundery showers are expected in the first half of May, said the Meteorological Service Singapore in an advisory on Tuesday (Apr 30).
— CNA  (very annoying popups)

Senior citizen who was left homeless after being released from prison finally gets rental flat
70 year-old Singaporean, Mr Lim Kee Khoon, who was left homeless after being released from prison has finally received approval to move into a rental flat with his brother.
— The Independent

People in Singapore, Malaysia and Indonesia order 3 cups of bubble tea per month, GrabFood says
Tuesday (April 30) might be National Bubble Tea Day – but you can be sure that lovers of the addictive drink are indulging way, way more than just once a year.
— Business Insider

Singapore’s US$200b investor seeks more US holdings
Singapore’s US$200bil state investor is gearing up for more deals in the U.S.
— The Star Online

Foreign workers get Labour Day lunch and goodie bags from SPH
Around 400 construction workers received a welcome reprieve yesterday when 19 volunteers from Singapore Press Holdings (SPH) delivered bento lunch sets, drinks, goodie bags and newspapers to them.
— Straits Times (annoying popups)

Highlights from DBS Group Holdings Ltd CEO’s Q1 2019 Presentation
Here’s what DBS Group Holdings Ltd’s (SGX: D05) CEO, Piyush Gupta, said in his first quarter presentation.
— The Motley Fool

Jurong Polyclinic to move to bigger site nearby
Jurong Polyclinic will move 150m from its current location in Jurong East to a new, bigger site, the Ministry of Health (MOH) announced on Tuesday (Apr 30).
— CNA  (very annoying popups)

Bigger polyclinic, new nursing home at Jurong health hub
A new health hub will be built in Jurong that integrates a much bigger polyclinic with a 700-bed nursing home that will also provide short-term care for the elderly, so caregivers can have a break.
— Straits Times (annoying popups)

 

Feature photo Singapore International Jazz Festival

This week’s Singapore morning news feature photo acknowledges International Jazz Day, 30 April

 

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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