Singapore Morning News For November 22

Singapore Morning News For November 22
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Singapore morning newsDairy industry faces uphill battle to persuade Singaporeans to drink milk
The dairy industry has a battle on its hands to increase milk consumption in Singapore, with a recent report revealing that half of Singaporean adults seldom consume it and are content to ignore its important health benefits.

Singapore set for tax hike: What could it be and when?
A rise in the goods and services tax (GST) is one way the Government could raise revenue to finance the country’s spending needs, though economists are divided on when that could happen if this option was pursued.
Channel NewsAsia

Commentary: Indonesia and Singapore, leading the way in infrastructure financing
An estimated US$2.1 trillion of infrastructure investment is required across ASEAN but current budgets will cover only US$910 million.
Channel NewsAsia 

Indonesia-Singapore Army Exercise Spotlights 50th Anniversary
On November 20, the armies of Indonesia and Singapore commemorated 50 years of bilateral relations at the closing ceremony of a bilateral exercise.
The Diplomat 

MAS seeks power to make competing banks open e-payment rails
THE Monetary Authority of Singapore (MAS) proposed on Tuesday that the central bank be given powers to ensure interoperability for payment systems.
The Business Times 

Singtel launches SG QR code payments
Singtel has incorporated payments using the new Singapore QR code (SG QR) common standard on its mobile payment service Singtel Dash.

Singapore will ensure higher earners pay more tax: Indranee
Singapore will ensure its tax system is based on “solid” economic performance and the principle that higher income earners pay more, said Senior Minister of State (Finance and Law) Indranee Rajah, after Prime Minister Lee Hsien Loong signalled that the nation needs to prepare for tax increases.
Today Online 

MAS issues public consultation paper on new payment services Bill
The Monetary Authority of Singapore (MAS) has laid out its proposals to cater regulations to the rapid developments in electronic payments.
Today Online 

Durians in Singapore safe to eat, says AVA in response to Malaysian insecticide rumours
Durian lovers in Singapore can eat the pungent fruit without fear, as the Agri-Food and Veterinary Authority (AVA) has dispelled rumours that suggested there were high levels of insecticide in Malaysia’s Musang King or Mao Shan Wang durians.
The Straits Times 

Singapore first Asian market to offer Razer Phone
Gaming peripherals maker Razer announced on Tuesday (Nov 21) that it is bringing its first smartphone – Razer Phone – to Singapore, making it the first Asian market to offer the handset.
Channel NewsAsia 

Taxing e-commerce players a potential minefield: Experts
While the fast-growing e-commerce sector could be a lucrative source of future tax revenue, experts TODAY interviewed pointed out the myriad of challenges that governments around the world have to grapple with, including the difficulty of enforcing the tax regime and collection.
Today Online 

Singapore: GIC acquires majority stake in $322m Melbourne development
Singapore’s sovereign wealth fund GIC has emerged as a majority investor in a Lendlease-led consortium developing an A$425 million ($322.2 million) mix-used project for the University of Melbourne in the Carlton district.

Singapore eyes faster, cheaper forex trading ecosystem
TRADING in Singapore’s US$517-billion-a-day foreign exchange (FX) market is about to get even faster, cheaper and a whole lot more efficient.
The Business Times

Singapore students are best team players: PISA study
Singapore students are the best in the world when it comes to working in teams to solve problems, according to the results of a global Programme for International Student Assessment (PISA) 2015 study that was published on Tuesday (Nov 21).
Channel NewsAsia (video)

27 organisations win water efficiency award
Industry players have been urged to conserve water as water demand from non-domestic consumers is projected to increase from 55 per cent to 70 per cent by 2060.
Channel NewsAsia (video)

PM Lee’s comments on impending tax hike ‘in line’ with DPM Tharman’s 2015 statement: MOF
Prime Minister Lee Hsien Loong’s comments on Sunday (Nov 19) that raising taxes is not a matter of whether, but when, is “in line” with what Deputy Prime Minister Tharman Shanmugaratnam had said in 2015 on the adequacy of revenue, the Ministry of Finance (MOF) said on Tuesday.
Channel NewsAsia 

Singapore: Temasek trims stake in telecom operator StarHub
Singapore state investor Temasek Holdings has reduced its stake in city-state telecom operator StarHub as it offloaded 900,000 shares worth SS$2.45 million through DBS Bank in a market transaction.

Man on trial for allegedly raping, sexually abusing 13-year-old girl over two years
A 59-year-old man accused of multiple counts of raping and sexually abusing a 13-year-old student he was coaching in skipping rope started his trial in a High Court on Tuesday (Nov 21).
Today Online


Feature photo Aapo Haapanen
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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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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