Singapore Morning News For April 3

Singapore Morning News For April 3

Singapore morning news

Singapore Property Developers Have a New Headache
Singapore’s recent unwinding of some property curbs, which initially appeared to boost prospects for developers, may instead be creating new problems.

People in Singapore spend over 12 hours on gadgets daily: Survey
Singapore consumers polled spend most of their waking hours using gadgets, with positive and negative effects
The Straits Times 

WEX Expands Asian Virtual Payments Solution to Singapore
(BUSINESS WIRE)–WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced that it will begin issuing virtual credit cards in Singapore, expanding its program in the Asian region that currently includes Hong Kong and Thailand.
Business Wire 

More properties put up for auction in Q1
The total number of properties put up for auction increased in the first quarter of the year, up 25% to 177 properties.
Singapore Business Review

Singapore blocks visas for Indian IT professionals
While the focus has been on the US, visas for IT professionals to work in Singapore have dropped “to a trickle”, prompting the government to put on hold the review of the Comprehensive Economic Cooperation Agreement (CECA) citing violation of the trade pact.
The Times of India 

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Singapore refutes reports of non-cooperation with Indonesia’s extradition requests
Singapore has refuted reports citing Indonesian police officials which said that Singapore did not want to engage in cooperation on Extradition Treaty and Mutual Legal Assistance requests.
Channel NewsAsia 

Singapore eDevelopment’s auditor draws attention to group’s ability to continue as a going concern
The independent auditor drew attention to Note 2.1 in the financial statements which stated certain conditions which indicate a material uncertainty exists that may cast significant doubt on the group’s ability to continue as a going concern.
The Business Times 

Singaporean Officials Rebuff CNRP Questions Over Sand Exports
Singaporean officials last week declined a request by CNRP parliamentarians to release documents related to the city-state’s controversial import of Cambodian sand, opposition lawmaker Son Chhay said on Sunday.
The Cambodia Daily (paywall)

Singapore is not Immune from Potential Unemployment Hardships
Technological advancements has created new jobs. However, there is a job mismatch. Fresh graduates are likely to hold out against taking on initial offers from prospective employers due to a variety of reasons. For instance, job seekers may not be fully trained for that particular role and apprehension sets in. Coupled with low starting salaries due to foreign competition, job seekers would then likely adopt a wait and see attitude. Hence, the conundrum.
The Independent 

Minimum pay to go up for Pinoy maids in Singapore
According to the Singapore-based The Straits Times, the minimum salary for Filipino domestic helpers will be increased to S$570 starting May 1 to keep pace with exchange rate fluctuations.

Singapore Market May See Renewed Selling Pressure
The Singapore stock market bounced higher again on Friday, one session after it had ended the two-day winning streak in which it had advanced almost 60 points or 1.9 percent. The Straits Times Index now rests just above the 3,175-point plateau, although the market may head south again on Monday.
RTT News

Singapore’s Brave to Battle Chinese Bosses
After seeing investors in Singapore duped for years by misbehaving bosses, the city’s stock exchange is taking its fight for justice to mainland China, an exemplar of egregious corporate behavior in the post-Enron world.

Singapore shipping industry boosts efforts to meet emissions goals
Singapore’s maritime industry is stepping up efforts to reduce the environmental impact of shipping and related activities, ahead of the 2020 target that the International Maritime Organisation (IMO) has set for a 0.5 per cent global cap on sulphur emissions from marine fuels, from the current 3.5 per cent limit.
Hellenic Shipping News 

Law Firms in Singapore and Malaysia Launch FinTech Practice
Two law firms in Singapore and Malaysia have launched fintech practices as the growth of the financial technology sector continues to gain pace in both countries.
Crytocoins News 

Singapore Protests Accusations by Indonesian Police Officials on Extradition
The Singaporean government has described accusations by Indonesian police officials that it refuses to honor an extradition treaty between the two countries as “factually incorrect and mischievous.”
Jakarta Globe 

M1 to roll out Singapore’s first cloud-based virtual core network
The first cloud-based virtual Enhanced Packet Core (vEPC) network solution will soon be launched in Singapore by the joint initiative of telco M1 and IT solutions provider Huawei.
Singapore Business Review 

MAS to stick with current policy stance despite recent stronger data: economists
Economists’ hesitation in calling for a tightening this year despite recent stronger growth numbers underscores a lack of confidence in Singapore’s future growth prospects.
The Business Times 

Singapore gets tough to meet environment goals
SINGAPORE is set to introduce a series of new regulations in a bid to speed up progress towards the city-state’s environment commitments.
Carbon News 

Man arrested over Hougang station security scare
For the first time since the launch of the SGSecure movement to prepare Singaporeans for any terror attack, an unattended suitcase caused a security scare, leading to the closure of Hougang MRT Station for more than an hour yesterday.
Today Online 

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Private home prices decline for 14th straight quarter
Private home prices in Singapore continued their decline in the first quarter of this year – the 14th straight month of contraction, according to flash estimates released by the Urban Redevelopment Authority (URA) on Monday (Apr 3).
Channel NewsAsia 

Job security becoming less important for Singaporean millennials
Although salary has been consistently ranked as the most important factor especially for millennials in Singapore, a Randstad study revealed that the importance of job security and financial health of the organisation has fallen more and more compared to five years ago.
Singapore Business Review 



Feature photo Bernd Hildebrandt  
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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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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