Singapore morning news for May 24

Singapore morning news for May 24

Singapore morning news

Core inflation eases to 1.3% but overall price index up
Core inflation in Singapore eased again last month, as a fall in the cost of electricity and gas as well as lower food inflation more than offset higher services inflation, according to data released yesterday.
— Straits Times (annoying popups)

Lights out for five power retailers amid fierce competition
FIVE players have called it a day in Singapore’s retail electricity market for big businesses amid fierce competition triggered by a phased liberalisation of the sector – a process completed only this month, with all residential households in the fold as well.
— The Business Times

Smart Nation should support people with special needs
Singapore should leverage technology such as virtual simulation systems to better integrate those with special needs, including students, into society, said President Halimah Yacob.
— Straits Times (annoying popups)

Court of Appeal grants last-minute stay of execution to drug trafficker
A day before his scheduled execution for drug trafficking, 31-year-old Pannir Selvam a/l Pranthaman made an eleventh-hour bid on Thursday (23 May), before the very same Court of Appeal which dismissed his appeal, hoping to stave off his execution after his clemency petition had been rejected. The …
— The Online Citizen

2 firms in tie-up to offer S’pore-HK QR payments
Two finance firms are joining forces to enable cross-border QR payment acceptance in Singapore and Hong Kong.
— Straits Times (annoying popups)

Allied Technologies kills $130m deal with Lim Yew Ming
Allied Technologies has terminated its memorandum of understanding (MOU) with Lim Yew Ming for the proposed acquisition of the entire issued share capital of Aik Chuan Construction and its subsidiaries for a total of $130m, a filing with the Singapore Exchange (SGX) revealed.
— Singapore Business Review

New fund to help Singapore’s marginalised groups land jobs
THE Community Foundation of Singapore (CFS), which is a non-profit organisation, on Thursday said it has launched a new fund to raise the participation of marginalised groups in Singapore’s workforce.
— The Business Times

JLC lawyer told repeatedly to return S$33m before going incommunicado
FOR two months before going incommunicado, Jeffrey Ong Su Aun – the senior lawyer in the middle of the case of S$33 million of missing funds – fended off requests from his client Allied Technologies to return the money.
— The Business Times

Freeing up Singapore’s power market bittersweet for businesses
SINGAPORE’s liberalisation of the electricity sector – true to its ethos – has been able to save businesses as much as 25-30 per cent in power bills, but many lament that they are confounded by the plethora of choices, be it in terms of electricity retailers or their myriad packages.
— The Business Times

NTU robot can print bathroom in 9 hours
Bathrooms for housing units may one day be built more quickly and cheaply by using 3D printing.
— Straits Times (annoying popups)

NTU professor gets jail, fine for road rage incident
An associate professor at Nanyang Technological University (NTU) who vented his fury at a fellow motorist in a road rage incident has received a lecture of his own in court.
— Straits Times (annoying popups)

Clemency petitions for Malaysian on death row ‘carefully considered’: MHA
The Ministry of Home Affairs (MHA) has said that the clemency petitions for a Malaysian who faces the death sentence were carefully considered, in response to Malaysian media reports.
— Channel NewsAsia (very annoying popups)

Singapore-China cooperation moves to a “higher level”
Launching an eight-day visit to China, Deputy Prime Minister Heng Swee Keat, through his press secretary, expressed what is considered to be a sprucing up of the two countries’ robust bilateral relations and the preservation of a rules-based multilateral trading structure which were spin …
— The Independent

Survey finds Singaporean millennials ambitious yet pessimistic
Financial advisory firm Deloitte recently researched the global mindsets and outlook of millennials born between 1983 and 1994. Out of the total of 13,416 millennials surveyed throughout 42 different countries, 200 were Singaporeans.
— The Independent

Busting the myths around AI, IoT, Big Data and Cloud at Echelon 2019
The definitions of these technologies are no longer important; what is important is their applications in the common man’s life The definitions of enterprise technologies like IoT, Artificial Intelligence, Cloud and Big Data have mostly been out of the common man’s knowledge and understanding.
— e27

Two building contractors fined over silty water discharge
Two contractors have been fined for silty water discharge and inadequate earth control measures.
— Straits Times (annoying popups)

Lawyer at centre of saga
Mr Jeffrey Ong Su Aun, 42, the lawyer at the centre of the saga involving precision-engineering firm Allied Technologies’ missing monies, took over as managing partner of boutique law firm JLC Advisors last August.
— Straits Times (annoying popups)

Allied Tech’s $130m purchase of dorm operator called off
Precision engineering firm Allied Technologies will not be buying construction and dormitory operator Aik Chuan Construction and its subsidiaries, it said yesterday.
— Straits Times (annoying popups)

Singapore firms global leaders in adopting workspace tech: Poll
Singapore companies are well ahead of those in other countries in installing smart-building initiatives for their workspaces.
— Straits Times (annoying popups)

Bank of East Asia CEO stepping down after 38 years
Mr David Li, the longest-serving chief executive officer of a major Hong Kong-listed company, is stepping down from the top position at Bank of East Asia after a 38-year run.
— Straits Times (annoying popups)

Ex-foreign minister George Yeo said in March 2019 all countries spy with or without Huawei ban
Yeo believes all major powers pose a threat to small countries.
— Mothership

NTU professor gets jail, fine and driving ban for road rage case, intends to appeal
A Nanyang Technological University (NTU) professor who collided with another driver before alighting and hitting the victim’s car bonnet was sentenced to a week’s jail and fined S$2,000 on Thursday (May 23).
— Channel NewsAsia (very annoying popups)

Tharman Shanmugaratnam, Thomas Piketty to co-chair advisory board of UN report on inequality
Senior Minister and Coordinating Minister for Social Policies Tharman Shanmugaratnam, will co-chair the 2019 Human Development Report advisory board, the United Nations Development Programme (UNDP) said on Wednesday (May 22).
— Channel NewsAsia (very annoying popups)

PM Lee did not like being questioned about Ho Ching’s salary – former CNA bureau chief
Former Indonesia bureau chief for Channel NewsAsia Ms Haseenah Koyakutty has said that Prime Minister Lee Hsien Loong did not like being questioned about his wife, Ho Ching’s salary as chief executive of sovereign wealth fund Temasek.
— The Independent

LKYSPP’s data shows CPF Basic Retirement Sum can’t meet $1,379 a month needed by elderly
The Lee Kuan Yew School of Public Policy (LKYSPP) at National University of Singapore published a survey findings yesterday (22 May), revealing for the first time that an older Singaporean above 65 years old would need $1,379 a month to meet his or her basic needs.
— The Online Citizen

Drug mule on death row gets stay of execution
A Malaysian drug mule on death row got a temporary reprieve after the Court of Appeal granted him a stay of execution yesterday, a day before he was due to be hanged.
— Straits Times (annoying popups)

Australian paedophile abused five children in Singapore
Five children residing in Singapore were among the 44 minors that an Australian paedophile has admitted to abusing.
— Straits Times (annoying popups)

$33m payout may have been unauthorised, says law firm
The managing partner of law firm JLC Advisors, Mr Jeffrey Ong Su Aun, is believed to have instructed the payout of around $33 million that it had held on behalf of its client Allied Technologies.
— Straits Times (annoying popups)

Electronics fair’s trade-in offer open to firms too
Visitors at the Consumer Electronics Exhibition (CEE) can trade in old gadgets such as laptops in exchange for cash vouchers that can be used any time during the four-day exhibition that started yesterday.
— Straits Times (annoying popups)

Firefly struggling to fill seats after resuming S’pore ops at Seletar
Malaysian carrier Firefly, which resumed operations to Singapore on April 21 after services were suspended in December, is struggling to fill seats.
— Straits Times (annoying popups)

PM Lee congratulates Indian PM Modi on election victory
Prime Minister Lee Hsien Loong has congratulated his Indian counterpart Narendra Modi on his re-election after a landslide election result.
— Straits Times (annoying popups)

Fresh hunt for fastest growing firms in Singapore
The search begins again for Singapore’s fastest growing companies.
— Straits Times (annoying popups)

Over half of Singaporeans support anti-fake news bill–YouGov research
Market research agency YouGov released the results of a new research on May 22, Thursday, showing that more than half of Singaporeans are in favour of the country’s new law designed to combat online falsehoods as well as hate speech. The Protection from Online Falsehoods and …
— The Independent

Lee Hsien Yang said he doesn’t need to be repaid for contribution towards court appeal: Jolovan Wham
Community worker Jolovan Wham has said that he was not surprised by Lee Hsien Yang’s decision to put up a hefty S$20,000 for the security deposit required for his court appeal and that Mr Lee has said that he need not be repaid for the contribution. Interestingly, when a local publication …
— The Independent

Sembcorp Marine unveils world’s largest offshore crane vessel
Singapore’s Sembcorp Marine and Dutch firm Heerema Marine Contractors on Thursday (May 23) showed off the world’s largest crane vessel that can be used for the setup and decommissioning of offshore oil and gas facilities.
— Channel NewsAsia (very annoying popups)

Liquid Group partners JETCO, facilitates cross-border QR payments
The cross-border QR payments would link Singapore and Hong Kong through apps Singapore’s Liquid Group has expanded its cross-border QR payment partnerships to Hong Kong through a collaboration with Joint Electronic Teller Services Limited (JETCO), which operates one of the largest bank …
— e27

Jail for Grab driver who refused to return S$33,600 wrongly transferred to him by Grab
A Grab driver who was mistakenly transferred about S$33,600 by Grab was jailed for three months on Thursday (May 23) for misappropriating the money.
— Channel NewsAsia (very annoying popups)

CAAS sets up panel to review regulations on drone use
THE Civil Aviation Authority of Singapore (CAAS) has set up an Unmanned Aircraft Systems Advisory Panel (UASAP) that will review Singapore’s unmanned aircraft systems (UAS) regulatory framework and recommend enhancements to it.
— The Business Times

NTUC First Campus to ramp up enrolment
By 2021, NTUC First Campus will add another 4,000 places across its pre-school brands, including My First Skool (MFS), to bring the total number to 24,000.
— Straits Times (annoying popups)

Rooms in new Mandai resort to include pod-shaped treehouses
Guest rooms in treehouses shaped like seedpods, elevated walkways snaking through a forest canopy and interactive guided nature walks – these are some features the new Mandai eco-resort will offer when it opens its doors in 2023.
— Channel NewsAsia (very annoying popups)

Man who slashed housemate for refusing to drink jailed for 10 months
A Chinese national was slashed on the arm when he refused his housemate’s offer to drink some more liquor. In a report in The New Paper, Zhao Dong, 41, was having dinner with his housemates in their flat located in western Singapore. He had been drinking alcoholic beverages like …
— The Independent

About 2.8kg of heroin seized, 8 arrested in CNB operation
Eight suspected drug offenders were arrested on Wednesday (May 22) and drugs worth about S$247,000 were seized.
— Channel NewsAsia (very annoying popups)

Bangladeshi’s diary spotlights Singapore migrant struggles in book dedicated to LKY
Toiling for long hours for meagre salaries and living in crowded dormitories, migrant construction workers have helped build modern-day Singapore but remain all but invisible to many in the affluent city-state.
— The Independent

Physiotherapist struck off health register after molesting teenage client twice
A physiotherapist has been struck off by a disciplinary tribunal after he was convicted of molesting a teenage client, the Allied Health Professions Council (AHPC) said in a press release on Thursday (May 23).
— Channel NewsAsia (very annoying popups)

2 contractors fined for drainage lapses at construction sites
Two Singapore contractors were given big fines for not having adequate measures in place to deal with silty water discharge from their construction sites, PUB said in a media release on Thursday (May 23).
— Channel NewsAsia (very annoying popups)

 

Feature photo Nutrinest

This week’s Singapore morning news feature photo acknowledges World Bee Day, May 20. 

 

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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