Singapore morning news for May 16

Singapore morning news for May 16

Singapore morning news

Singtel full-year profit hits 16-year low; CEO says too early to talk about 5G capex
IT’S too early to estimate fifth-generation (5G) network-related spending, Singtel group chief executive Chua Sock Koong said, even as the mainboard-listed telco posted a steep slide in its annual profit on Wednesday.
— The Business Times

UOB expects overseas business to account for half of revenue by 2021
UOB expects to have half of its revenue coming from outside Singapore by 2021, up from about 40 per cent currently, saying that the market may have underestimated the network potential from its Asean exposure.
— The Business Times

Honestbee to end food delivery service in Singapore
Troubled grocery and delivery start-up honestbee will be ceasing its food delivery service here as part of the company’s ongoing strategic review, it announced yesterday.
— Straits Times (annoying popups)

Why have there been so many extreme weather events in Singapore?
A waterspout developing off the southern coast of Singapore on Saturday as well as unseasonably cold or warm spells around the world have people asking yet again: Are more unusual and extreme weather incidents happening both here and around the world because of climate change, …
— Straits Times (annoying popups)

Lee Wei Ling alleges PM Lee led late Lee Kuan Yew to believe govt gazetted Oxley Road
This accusation has been addressed by PM Lee in Parliament two years ago.
— Mothership

Singapore-Malaysia maritime boundary delimitation committee holds first meeting
A committee set up to discuss boundary delimitation in the waters between Singapore and Malaysia has held “constructive discussions” in its first meeting, said Singapore’s Ministry of Foreign Affairs (MFA) on Wednesday (May 15).
— Channel NewsAsia (very annoying popups)

Man fined for not reporting S$232,000 in cash when leaving Singapore
A 31-year-old man was convicted on Wednesday (May 15) of failing to report that he was carrying more than S$232,000 in cash when leaving Singapore, police said.
— Channel NewsAsia (very annoying popups)

S’pore leaders stress need for strong consensus on maritime rules
May 15, 2019 5:00 AMA strong consensus must be built around existing maritime-based rules by all countries to ensure the shared use of the seas, two Singapore leaders said yesterday, as they underlined how crucial the seas are to trade and to Singapore’s prosperity.
— Straits Times (annoying popups)

NUS panel proposes stiffer penalties for sexual misconduct
The National University of Singapore is considering whether to expel undergraduates for severe offences of sexual misconduct.
— Straits Times (annoying popups)

Lively debate on interpreting laws at maritime conference
Differing interpretations of the international law of the sea took centre stage at a maritime conference yesterday involving academics and navy chiefs from around the world.
— Straits Times (annoying popups)

New private home sales slip in April on fewer launches
April saw a big pullback in new home launches as developers turned cautious despite relatively resilient sales in March.
— Straits Times (annoying popups)

Comfort’s surge pricing may come at a cost
Singapore’s largest taxi operator, ComfortDelGro, has joined the private-hire fray with its implementation of dynamic fares yesterday, and is opening its app to Grab and Gojek drivers soon.
— Straits Times (annoying popups)

Home Team officers get new tech, work-study options
A new tie-up with a local university will allow Home Team officers to work towards a degree while on the job, in the latest example of how the organisation invests in its officers, said Minister for Manpower and Second Minister for Home Affairs Josephine Teo yesterday.
— Straits Times (annoying popups)

New private home sales fall 30% in April from March amid sharp drop in launches
Sales of private homes by developers fell 30.2 per cent in April from the previous month, following a sharp drop in the number of units launched.
— Channel NewsAsia (very annoying popups)

Pink Dot’s 11th edition aims to highlight stories of discrimination against LGBTQ Singaporeans
Homegrown non-profit movement Pink Dot will be ushering into its 11th year by taking a strong stance against the discrimination of lesbian, gay, bisexual, transgender and queer (LGBTQ) Singaporeans. This year’s Pink Dot campaign video centres the stories of three individuals who have faced …
— The Online Citizen

Seven men to be charged over abuse of public servants
Seven men aged between 19 and 57 will be charged in court on Thursday (May 16) for separate cases of abuse of public servants, police said on Wednesday.
— Channel NewsAsia (very annoying popups)

Monkeypox case in Singapore: Patient’s Hotel 81 room disinfected, 4 employees quarantined
The hotel room where Singapore’s first monkeypox patient was staying at has been disinfected, a spokesman for Hotel 81 Orchid said in a statement on Wednesday (May 15).
— Channel NewsAsia (very annoying popups)

Edtech startup Cialfo raises US$3m in Series A funds for US expansion
CIALFO, a college admissions platform headquartered in Singapore, has raised US$3 million in equity for its Series A round led by DLF Venture, with support from Enterprise Singapore investment arm Seeds Capital, YK Capital and angel investors.
— The Business Times

Jail for maid who lied that boss’ hubby had raped her
A maid, who had an affair with her employer’s husband and had consensual sex with him on two occasions, later lied to the police, claiming that the man had raped her.
— Straits Times (annoying popups)

Two delivery riders nabbed for working illegally; MOM probing firms
Food delivery companies foodpanda and Deliveroo are being investigated by the Ministry of Manpower (MOM) after two Malaysians were caught working illegally as food delivery riders.
— Straits Times (annoying popups)

Social enterprise wins prize for river cleanup
A local water solutions provider – which has made a mark on dozens of villages in India, Indonesia and Hong Kong by bringing them clean drinking water and sanitation – has won an international award.
— Straits Times (annoying popups)

Victims lose at least $14k to scams on Instagram
The police issued a warning on Tuesday over a series of scams involving fake Lazada campaigns taking place on Instagram.
— Straits Times (annoying popups)

Instant approval for OCBC credit cards and loans
CBC Bank has extended its instant approval service to credit cards and personal loan products, following the launch of instant approval for its OCBC 360 Account last June.
— Straits Times (annoying popups)

ST Engineering’s profit up 11% to $131m in first quarter
ST Engineering’s first-quarter net profit increased 11 per cent to $131.1 million from $117.7 million in the year-ago period, on improved US shipbuilding performance in its marine sector and increased profits in aerospace and electronics.
— Straits Times (annoying popups)

Woman fined for importing thousands of pregnancy, ovulation kits to sell illegally on Qoo10
A 35-year-old woman was fined S$16,000 on Wednesday (May 15) for importing thousands of unregistered pregnancy and ovulation test kits to sell on online marketplace Qoo10.
— Channel NewsAsia (very annoying popups)

Netizen highlights poor patient care at CGH in contrast with NUH
Isabella Alexandria Lim took to Facebook on May 13 to narrate how her grandmother, who recently passed away, had received very poor care at Changi General Hospital (CGH), and in contrast, she and her family felt that when they transferred her to National University Hospital (NUH), her …
— The Independent

Police warn of scams involving fake Lazada prizes
Singapore Police Force (SPF) warned member of the public of scams involving fake Lazada campaigns offering prizes. The Police stated that it has received at least 14 reports of scams since January 2019. According to the police, the victims were contacted by the scammers on Instagram with the total …
— The Online Citizen

Meet the 15 startups participating in Anthill Ventures’s A-Scale programme
The programme will help each startup to raise funding of up to US$1M and an additional syndicated US$20M smart capital via Anthill’s co-investors network Anthill Ventures, an investment and speed-scaling ecosystem for early-stage startups, today announced that 15 startups have been shortlisted for its Asian market access programme ‘A-Scale’, which was launched in March this year.
— e27

S$20.7 million in profits for SBS in Q1 2019 due to more riders and higher bus mileage
Because of higher mileage for its bus service and greater rail ridership, as well as the 4.3 percent fare adjustment which started at the end of last year, SBS Transit posted a 23.3 percent increase in net profit for the first quarter of 2019.
— The Independent

No change to CPF interest rates, HDB mortgage rate for July-September
INTEREST rates for all Central Provident Fund (CPF) accounts, along with the HDB mortgage rate, will remain the same from July 1 to Sept 30, the CPF Board and the Housing Board said on Wednesday.
— The Business Times

Singapore edtech startup Geniebook secures US$1.1M Pre-Series A funding
The funding round for the artificial intelligence-based platform was led by Apricot Capital Geniebook, Singapore-based startup that identifies student’s strengths and weaknesses using artificial intelligence,announced that it has raised S$1.5 million (US$1.1 million) Pre-Series A funding led by Apricot Capital.
— e27

S$20m funding sought for honestbee; no update on strategy tweak
INVESTORS were approached about raising at least S$20 million for struggling grocery delivery startup honestbee earlier this month following its leadership shuffle, The Business Times understands from market sources.
— The Business Times

Jailed for attacking sex workers
A warehouse assistant assaulted two sex workers after refusing to pay the women for their services. Abdul Rahman A. Karim also attacked a third woman in a hotel room after she changed her mind about having sex with him.
— Straits Times (annoying popups)

More clear own tables at hawker centres
People are getting better at returning their utensils and crockery at hawker centres, and while more are doing their bit, yet the cleanliness of these public food spaces still leaves much to be desired.
— Straits Times (annoying popups)

Bali resort denies harassing injured S’porean couple for 250 million rupiah scooter compensation
The resort says accusations are untrue and deeply unfair.
— Mothership

Lazada and Shopee, top e-commerce mobile shopping apps in Southeast Asia, according to market survey by iPrice Group and App Annie
In today’s rapidly growing e-commerce world, mobile applications play an important role. Based on a report by Google and Temasek, there are more than 350 million internet users in Southeast Asian countries like Singapore, Malaysia, Indonesian, Thailand and Vietnam. More importantly, more than 90% …
— The Online Citizen

Military leaders visit Ng Eng Hen, reaffirm ties
The United States Chief of Naval Operations, Admiral John Richardson, and navy chiefs of the Five Power Defence Arrangements (FPDA) member nations called on Defence Minister Ng Eng Hen yesterday.
— Straits Times (annoying popups)

Golden Agri’s Q1 net profit rises 54.5% on one-off gain
A one-off gain gave earnings a healthy bump at Golden Agri-Resources in the first quarter, it reported yesterday.
— Straits Times (annoying popups)

 

Feature photo Stephen Bowler

This week’s Singapore morning news feature photo acknowledges International Day of Light, May 16.

 

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 35 years experience as a journalist, photographer, videographer and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia.

He has covered major world events including the 1991 pillage riots 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.

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