Singapore Morning News For March 15

Singapore Morning News For March 15
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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.


Singapore morning news

Singapore Warns Investors about Trading Unregulated Binary Options
The Monetary Authority of Singapore (MAS) today issued a warning to investors in the country regarding trading of binary options with unregulated platforms. The regulator says this comes in the wake of an increase in the number of complaints from people who have suffered financial losses from such investments.
Finance Magnates 

SGX raises pro-rata renounceable rights issue cap
Singapore Exchange (SGX) has enabled companies to seek a general mandate for an issue of pro-rata renounceable rights shares of up to 100% of the share capital, up from 50% previously.
Singapore Business Review 

SMEs hope for more short-term relief as they feel the squeeze
Small and medium-sized enterprises (SMEs) say they continue to feel the immediate pain of manpower constraints and high operating costs – issues they believe the Budget did not do enough to address.
The Straits Times 

Indonesia holds investment week in Singapore
The government is holding an event to attract foreign investors called “Indonesia Investment Week Singapore Chapter 2017,” which started on Monday and will end on Wednesday.
The Jakarta Post 

Singapore: One of world’s highest for diabetes-related leg amputations
Singapore has one of the highest rates of lower extremity amputation (LEA) in the world, with public hospitals here needing to conduct some four amputation procedures a day.
The Independent 

Insurance association studying ‘worrying’ spike in motor accidents
The number of motor accident reports increased by almost 8 per cent last year, hitting an eight-year high, despite a falling vehicle population.
Today Online

Singapore uses three-pronged strategy to fight drugs: Desmond Lee
To address the public health impact of drugs, Singapore employs a three-pronged “harm prevention” strategy, said Senior Minister of State, Ministry of Home Affairs and Ministry of National Development Desmond Lee on Monday (Mar 13).
Channel NewsAsia

Singapore tops city infrastructure rankings
The latest list from consulting firm Mercer ranked Singapore as the city with the best infrastructure in the world.
Singapore Business Review 

Singapore port authority suspends licences of five bunker tankers
Singapore’s Maritime Port Authority has temporarily suspended the harbour craft licences of five bunker tankers after it found irregularities with piping fixtures, a spokeswoman said on Tuesday.
The Business Times 

The Government’s New Singapore Landing Pad Provides Start-Ups With a Gateway Into Asia 
The Federal Government is providing Australian start-ups with a new gateway into Asia via its newly-launched Landing Pad in Singapore.
Dynamic Business 

Schoolings to launch academy to boost Singapore sport
Their dedication to their son’s Olympic gold medal dream saw a victory in Rio de Janeiro that inspired and galvanised a nation.
Today Online 

Singapore agrees to automatic exchange of tax information with Belgium and Luxembourg
Singapore has signed agreements with Belgium and Luxembourg for the automatic exchange of financial account information, the Inland Revenue Authority of Singapore (IRAS) announced March 13. Such agreements are designed to prevent tax evasion.
MNE Tax 

Singapore’s general insurance industry growth slows in 2016
GROWTH in Singapore’s general insurance industry was slower in 2016 given the intense competition and what the General Insurance Association (GIA) described as “Singapore’s economic maturity”.
The Business Times 

Singapore Eases on Property After Home Price Drop: QuickTake Q&A
Home prices in Singapore have ground steadily lower after reaching a record in 2013, when the government imposed the last of a slew of measures to cool a red-hot market. Last week, authorities in the tiny Southeast Asian island-state loosened some of those restrictions, causing developers’ shares to jump. Is this the end of the cooling measures?

Singapore’s big businesses overtake small firms as job creators
Singapore’s larger companies created more jobs last year than small and medium-sized businesses for the first time since 2013 as the economy struggled in the face of sluggish domestic demand and a slump in global trade.
The Business Times 

Singapore, Malaysia near flat ahead of Fed rate call
Shares in Singapore and Malaysia ended little changed on Tuesday, as investors stayed on the sidelines ahead of the Federal Reserve’s two-day policy meeting.
Nikkei Asian Review 

More employees are ditching their jobs for better-paying ones
Jobseekers in Singapore are on the lookout for positions with better salaries and benefit packages than their previous jobs, according to the latest annual Hays Asia Salary Guide.
Singapore Business Review 

EW Singapore 2017 focuses on “The Future of Electronic Warfare in the Asia Pacific Region”
EW Singapore greeted 282 attendees on 17-18 January to the Marina Bay Sands, Singapore. The two-day conference fulfilled the requirements of the EW community with a regional flavour and focused on the issues that particularly affect Southeast Asia.
Source Security

Singapore $14.4 Million Contact Center Applications Market, 2022 – Research and Markets
The Singaporean contact center applications market size is estimated to decline from $14.7 million in 2015 to $14.4 million by 2022, at a negative Compound Annual Growth Rate (CAGR) of 0.3%.
Business Wire 

Singapore: LTA to open new underpass from Sims Way to Nicoll Highway
Land Transport Authority (LTA) will be opening a new vehicle underpass at the junction of Nicoll Highway and Sims Way at 6am on 2 April. The news was confirmed in a press release by the statutory board, which is under the Ministry of Transport of Government of Singapore, on Tuesday.
International Business Times 

Singapore must ensure no one spreads ill-will against other religions: DPM Teo
Singapore must keep a close watch on exclusivist teachings and divisive statements and ensure no one spreads ill-will against other religions or believers, Deputy Prime Minister Teo Chee Hean said on Tuesday (Mar 14).
Channel NewsAsia



Feature photo: Carol Kraal



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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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