Singapore Morning News For March 23

Singapore Morning News For March 23

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

Salaries show slight gain in Singapore.
The annual Hays Asia Salary Guide has found 46 per cent of Singaporean employers expect to award salary increases of between three and six per cent during their next salary review. During their last review period, 52 per cent of employers in Singapore awarded increases of also between three and six per cent.
The Global Recruiter 

Singapore in talks with firms to try out ‘flying taxis’
WANT to get back home at the end of the day in a levitating hovercraft?
The Business Times 

Healthway agrees to some changes to Gateway’s convertible bonds deal
HEALTHWAY Medical Corp has agreed to certain amendments to its convertible bonds deal with Gateway Partners due to overall lower cost of funding and speed of disbursement of funds to address the company’s immediate liquidity needs. The company has also requested for trading halt to be lifted.
The Business Times 

Daily Briefing: Alibaba and Lazada team up in Singapore; New phones for cash-strapped expats
From Bloomberg: Alibaba’s bringing its teeming Taobao internet marketplace to Singapore. Alibaba Group Holding Ltd. and Lazada Group SA are teaming up to sell select Taobao products direct to shoppers in the affluent island-state, striking their first partnership since the Chinese company took control of Southeast Asia’s largest e-commerce operator a year ago.
Singapore Business Review

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Cybersecurity sector projected to grow to S$900m by 2020: Yaacob
The cyber security sector in Singapore is projected to grow to around S$900m by 2020, Minister for Communications and Information Yaacob Ibrahim said on Wednesday (Mar 22).
Channel NewsAsia 

Singtel subscribers hit by phishing e-mail
Some Singtel subscribers have received phishing e-mails, seemingly sent by the telco, telling them “Your Singtel bill is now available for download”.
The New Paper 

Innovation, ecosystem support key to startup growth, job creation
INNOVATION and ecosystem support positively impact startup growth and job creation in Singapore, according to a new National University of Singapore (NUS) study, findings of which were exclusively presented at The Business Times Leaders’ Forum 2017 on Wednesday.
The Business Times 

HK to charge shipping firm, captain over lack of Terrex transport licence
Hong Kong’s Customs and Excise Department is likely to press charges against shipping company APL and the captain of the container ship which transported nine Singapore Armed Forces (SAF) armoured Terrex vehicles into the city from Taiwan without a required licence, reported the South China Morning Post on Wednesday (March 22), quoting a government source with knowledge of the case.
Today Online 

Singapore, US affirm ‘robust’ bilateral ties
Foreign Affairs Minister Vivian Balakrishnan and US National Security Advisor Lieutenant-General H R McMaster met on Tuesday (Mar 21), and affirmed the “robust and mutually beneficial” bilateral partnership between the two countries.
Channel NewsAsia 

SIA’s cargo arm ready to make S$111.8m financial provision
Singapore Airlines (SIA) on Monday announced that its cargo arm may make a financial provision of S$111.8m for FY17 as a result of a EUR74.8m (S$113m) fine imposed by the European Commission (EC), according to OCBC.
Singapore Business Review 

Ban on electronic devices in cabins: Singapore travellers say they may shun affected airports
Unhappy Singapore travellers say they would rather avoid blacklisted airports than be forced to check in their laptops, tablets and other large electronic devices.
The Straits Times 

Bill Ng: Singapore football ‘must be modernised’
Accusations have been hurled against him and the team backing his bid for the presidency of the Football Association of Singapore (FAS), but Bill Ng refuses to be dragged into the mire.
The New Paper 

Upcoming dating app draws flak for ‘racist’ ad
“No banglas, no maids, no uglies, no fakes/bots, no escorts,” read the advertisement in a Facebook post for a dating app.
The New Paper 

FairPrice to open 6 more no-frills stores
Budget groceries will soon be more easily accessible as supermarket chain FairPrice yesterday announced plans to open six more FairPrice Shop stores this year to serve increased demand.
The New Paper 

How Singapore rose 20 places to become world’s top start-up talent hub
Although this is only Singapore’s second showing on the Global Startup Ecosystem Ranking, it jumped from 20th in 2015 to first on this year’s talent index.
HRM Asia 

Many welcome Budget 2017 measures, but against water price hike: REACH
More than half of Singaporeans welcomed Budget 2017’s initiatives to support families and build a more inclusive society, but many disagreed with the move to increase water prices, according to Government outreach portal REACH.
Channel NewsAsia 

Government can help, but firms, workers need to do their part
GOVERNMENT regulations and approaches should not hinder innovation in Singapore’s future economy, but instead unlock value for the private sector.
The Business Times 

Why banks might be causing flat mortgage growth
A research note by Jefferies said the changes to the property measures should be positive for lending volumes if transaction volumes go up. However, banks might be going the other direction.
Singapore Business Review 

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Keppel’s cashflow to finally improve with new rig deal
Keppel Corp has entered into a heads of agreement (HOA) with Norway-based Borr Drilling, which will acquire five of Transocean’s jack-up rigs that are currently being built by Keppel.
Singapore Business Review 

KL cheapest Asean city to live in, Singapore world’s most expensive
Kuala Lumpur has been rated the least expensive city in Asean in terms of the cost of living, while Singapore remains the world’s most expensive.
The Star 

Grab Singapore enters Myanmar
The leading ride-hailing app in Southeast Asia, Grab, started to test its services in Yangon on March 21, becoming the first international company of its kind to enter Myanmar.
Eleven Myanmar



Feature photo: Jason Goh

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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