Singapore morning news for September 24

Singapore to avert technical recession in Q3, but support still warranted: DBS
Singapore’s economy is expected to avert a technical recession in the third quarter this year, thanks to a mild improvement in the manufacturing sector, though support is still warranted, according to a latest report by DBS Group Research.
— Straits Times (annoying popups)

Singapore’s core inflation in August remains at 3-year low
Singapore’s core inflation rose 0.8 per cent year-on-year in August, unchanged from the previous month when it eased to its slowest pace in more than three years.
— Channel NewsAsia (very annoying popups)

SBS, SMRT submit applications for train fare review
Rail operators SBS Transit and SMRT Trains have submitted their applications for a possible increase in train fares to the Public Transport Council (PTC).
— Channel NewsAsia (very annoying popups)

Honestbee owes ex-employees almost $1m in unpaid salary; chairman Brian Koo resigns from board
More than 200 former employees of embattled start-up Honestbee are owed close to $1 million in salary ).
— Straits Times (annoying popups)

The Big Read: Singapore’s high-rise littering problem – out of sight, out of mind
More than 30 years after “killer litter” first entered the lexicon of heartlanders amid cases of people being injured by objects thrown from HDB flats, the issue of high-rise littering is back in the spotlight after it was raised in Parliament recently.
— Channel NewsAsia (very annoying popups)

HDB more flexible on criteria for securing public rental flats
One can still apply for a rental flat even if one’s monthly household income exceeds the $1,500 threshold.
— Straits Times (annoying popups)

Singapore hospitals take steps to protect patients from haze; air quality forecast to improve
Public sector hospitals have been closing the windows in subsidised wards and ventilating them with portable air-conditioning units to protect patients from the haze.
— The Straits Times

PM Lee, Trump renew key defence pact on US use of Singapore air, naval bases
Prime Minister Lee Hsien Loong and US President Donald Trump on Monday (Sept 23) renewed a key defence pact which allows American forces to use Singapore’s air and naval bases, extending it by another 15 years to 2035.
— The Straits Times

Singapore to do its full part to tackle climate change: PM Lee
Singapore will do its full part to mitigate climate change, Prime Minister Lee Hsien Loong pledged on Monday (Sept 23) at the United Nations Climate Action Summit, where dozens of world leaders outlined what their countries were doing to confront global warming.
— The Straits Times

Singapore in world’s top 20 for trade growth potential: StanChart study
Singapore continues to show substantial potential for trade growth, according to new research from Standard Chartered Bank (StanChart) released on Monday (Sept23).
— Straits Times (annoying popups)

S’pore most connected air hub in Asia Pacific, ahead of Hong Kong
Singapore is the most connected air hub in the Asia Pacific region, and ninth worldwide in international connectivity.
— Mothership

Chemical spill exercise to be held at Tuas Second Link on Wednesday
If you see four containers emitting smoke at the Tuas Second Link on Wednesday (Sept 25), do not be alarmed.
— Straits Times (annoying popups)

Oil edges further above US$64 on doubts over Saudi supply
Oil prices rose to their highest in two sessions on Monday amid concerns about oil supply disruptions from Saudi Arabia and elevated tensions in Middle East.
— Channel NewsAsia (very annoying popups)

SMEs’ outlook softens on trade war worries, manufacturing expects lower turnover: Survey
Small and medium-sized enterprises (SMEs) for five out of six sectors in Singapore are expecting a worse business outlook for the coming six months, as the global economic slowdown continues amid a trade war that shows little signs of abating.
— Straits Times (annoying popups)

Singapore banks’ South, South-east Asia exposure raises risks: Fitch Ratings
When it comes to risks from markets outside Singapore, the Republic’s three major banks DBS, UOB and OCBC experienced more asset-quality issues in South and South-east Asia.
— Straits Times (annoying popups)

Slow start to LTA’s early disposal incentive for e-scooters that don’t meet fire safety standards
About 450 applications were received as of 5pm from registered e-scooter owners looking to dispose of their devices that do not meet new fire safety standards, said the Land Transport Authority (LTA) on Monday (Sep 23).
— Channel NewsAsia (very annoying popups)

Hiring those without academic qualifications: It’s about companies’ ‘risk appetite’
In a recent episode of CNA’s Talking Point, Education Minister Ong Ye Kung called for a shift in societal mindsets when it comes to academic qualifications.
— Channel NewsAsia (very annoying popups)

Visibility in Singapore drops to as low as 3km on Monday amid hazy conditions: NEA
Visibility in some parts of Singapore was reduced to between 3km and 5km on Monday morning (Sep 23) due to hazy conditions and increased moisture in the atmosphere, said the National Environment Agency (NEA).
— Channel NewsAsia (very annoying popups)

Thundery showers on Tuesday set to bring haze respite, with air quality forecast to improve
The Republic is set to get some relief from the haze, with air quality forecast to improve as thundery showers are expected on Tuesday (Sept 24), the National Environment Agency (NEA) said in an update on Monday evening.
— Straits Times (annoying popups)

Take long-term approach to rules on corporate governance to get better outcomes: Ong Ye Kung
Rules and regulations on corporate governance need to cater to technological advances and be risk-focused, said Education Minister Ong Ye Kung on Monday (Sept 24).
— Straits Times (annoying popups)

S’pore Grand Prix 2019 attracted 268,000 people, hailed as a logistical success for 12 straight years
Race promoters Singapore GP announced on Sunday, Sep. 23 that the 12th edition of the Formula 1 night race drew in 268,000 spectators to the Marina Bay Street Circuit over the three-day weekend.
— Mothership

ANZ’s Stella Saris named head of sustainable finance, international
The Australia and New Zealand Banking Group (ANZ) on Monday (Sept 23) appointed Stella Saris as head of sustainable finance, international.
— Straits Times (annoying popups)

Singlife clarifies ‘deposit insurance’ coverage for newly launched account
Insurance tech (insurtech) firm Singlife on Monday (Sept 23) clarified its marketing collateral for its recently launched Singlife account and debit card promotion to say that the funds in the Singlife account is protected only up to specific limits.
— Straits Times (annoying popups)

Singapore headline inflation edges up to 0.5% in August; core inflation stays flat
SINGAPORE’s headline inflation edged up slightly in August reversing from a dip July, while core inflation remained flat, according to statistics released by the authorities Monday.
— The Business Times

Sias supports Hyflux’s request to extend debt moratorium, seeks update on restructuring
The Securities Investors Association (Singapore) (Sias) is seeking an update on debt-ridden water firm Hyflux’s restructuring.
— Straits Times (annoying popups)

Odds of a trade deal – and of survival for bull market – fading fast
IN THE grand diplomatic game of Deal or No Deal, the odds of a deal – and of survival for the bull market in US stocks – are falling fast.
— The Business Times

No big push yet for restructuring of Temasek’s portfolio: analysts
COULD a reorganisation of companies under state investment firm Temasek’s portfolio revitalise Singapore’s equity market?
— The Business Times

New study on seniors aims to help them age well
A new study is being done to gather more information on the elderly who live in the western part of Singapore, to help them develop mental resilience and other resources needed to age well.
— Straits Times (annoying popups)

NTU alumni start fund for needy students
Three accomplished alumni of Nanyang Business School (NBS) at Nanyang Technological University (NTU) have come together to donate $250,000 to start a fund to give needy students the chance to go for overseas exchange programmes or internships.
— Straits Times (annoying popups)

Sales of luxury apartments here hit 11-year high
Sales of Singapore apartments worth at least $10 million each have hit an 11-year high, fuelled by increased demand from Chinese millionaires seeking safe-haven assets, said property consultancy OrangeTee & Tie.
— Straits Times (annoying popups)

Elderly woman taken to hospital after collision with PMD in Bedok
A 65-year-old cyclist was taken to hospital after an accident with a Personal Mobility Device (PMD) rider on Saturday night (Sep 21).
— Channel NewsAsia (very annoying popups)

A week’s jail for advertising firm owner who punched Roxy Square security supervisor
The drunken owner of an advertising firm, who could not find an unlocked exit at Roxy Square shopping centre, assaulted a security supervisor even though the latter offered to show him the way out.
— Straits Times (annoying popups)

Terrorism is still a serious threat; report those suspected of being radicalised: MHA
Both men and women are equally susceptible to online radicalisation, with an increasing trend of women taking on a variety of roles in terrorist organisations.
— Straits Times (annoying popups)

Fire breaks out at two black-and-white bungalows in Wilton Close
A fire broke out at two black-and-white bungalows in Wilton Close on Saturday (Sept 21).
— Straits Times (annoying popups)

Y Ventures to raise $2m from proposed placement of 24.7m shares at $0.0812 apiece
Catalist-listed Y Ventures said on Monday that it is placing 24.7 million new shares in the company at $0.0812 apiece to raise around S$2.0 million.
— Straits Times (annoying popups)

Singapore shares open lower on Monday; STI down 0.04% to 3,158.45
Singapore shares inched slightly lower on Monday (Sept 23), with the Straits Times Index (STI) down 0.04 per cent, or 1.23 points to 3,158.45 as at 9.01am.
— Straits Times (annoying popups)

‘You can feel the heat radiating’, says Singaporean who helped battle forest fires in Indonesia
We hosed the smouldering peat with water… When we stopped, the entire area looked almost exactly the same as when we first started, said Mr Benjamin Tay.
— Straits Times (annoying popups)

Home in focus: A haven for turtles
Some turtles can live to well over 100, so they can be forgiven for not getting too excited when their local hatchery celebrates its one-year anniversary on Sunday.
— Straits Times (annoying popups)

Watsons eyes more seamless experience for online shoppers
The drugstore business might be a traditional one, but the industry is also looking to remake itself to stay relevant.
— Straits Times (annoying popups)

Five drivers sue SBS Transit in dispute over overtime pay
Five bus drivers are suing their employer, bus and train operator SBS Transit (SBST), over a wage dispute.
— Straits Times (annoying popups)

S’porean accounting grad rather be OBS Instructor than idle away at desk job
At an OBS course, the youthful Abigail Hoo hardly looks out of place – until you see her confidently leading OBS course activities and mentoring youths younger than her.
— Mothership

Fishmonger turned coffee shop tycoon sees joy in giving
Mr Winston Chu Chee Keong, 48, is a secondary school dropout and a fishmonger turned coffee shop tycoon. And now, he is giving at least 10 per cent of his income to charity.
— Straits Times (annoying popups)

Reusing items a way of life for former shopaholic
A self-confessed former shopaholic who favoured luxury brands, Madam Skye Yeo now buys only second-hand clothing.
— Straits Times (annoying popups)

Feature photo Labourweek/ NTUC This Week

This week’s Singapore morning news feature photo focuses on World Maritime Day, September 26.

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).

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About Singapore morning news.

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Singapore morning news for September 24 added by Justhine De Guzman Uy on September 24, 2019
View all posts by Justhine De Guzman Uy →

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Justhine De Guzman Uy

Writer at AEC News Today

Justhine De Guzman Uy completed a Bachelor of Arts Major in Mass Communication at New Era University, Quezon City, the Philippines in 2016

After graduation she worked at the Philippine Broadcasting Service performing transcription and business news writing, before moving to Eagle Broadcasting Corporation where she worked as a news editor, translator and production assistant.