Singapore Morning News Roundup February 24

Welcome to the Singapore morning news roundup by AEC News Today, your one stop for Singapore news on matters of governance and policies affecting Asean business communities.

Disrupting the disruptors: Singapore rattles sharing economy with rule change
Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia.
— Reuters

Singapore stays the course on globalization and fiscal policy
Singapore, rated (Aaa stable) by Moody’s, stayed on course with its focus on fiscal prudence and maintaining its role as a global trading and business services hub.
— The Independent

Singapore consumer prices rise for second straight month in January
Consumer prices in Singapore rose in January for a second consecutive month, reflecting the increase in the price of oil-related items such as electricity and petrol as well as higher services inflation.
— Today Online

Smaller public projects to start earlier to boost construction sector
The $700 million worth of infrastructure projects that will get off the ground earlier will be smaller public projects, such as the upgrading of community clubs, sports facilities and police posts.
— The Straits Times

Operating cost of water system jumped S$0.8b in 15 years
It cost about S$1.3 billion to operate Singapore’s water system in 2015, compared with S$0.5 billion in 2000, national water agency PUB has disclosed.
— Today Online

Singapore’s January inflation higher at 0.6%, in line with economists’ expectations
SINGAPORE’S January headline inflation climbed to 0.6 per cent year on year – in line with economists’ expectations – due to a hike in the cost of oil-related items, a smaller drop in car prices, and higher services inflation.
— The Business Times

Singapore: Could Age Law Be Silver Lining for Older Workers?
The government of Singapore wants its people not just to live long, but also to prosper a little longer, as it prepares to tack on two more years to the reemployment age.
— Bloomberg BNA

Congressional Budget Office to watch Singapore Budget?
Concerns that higher public spending will worsen Singapore’s primary deficit have prompted experts to call for a more transparent and accountable approach to how
taxpayer dollars are spent.
— The Straits Times

With the carbon tax, a new chapter in Singapore’s economy opens
FIRST, a two-step hike in the water price in July this year and July 2018. And then a carbon tax from 2019, which would most likely mean higher electricity prices.
— The Business Times

Analysis: Singapore can’t afford to let oil exports lose edge despite carbon tax
Singapore will need to strike the right balance in implementing a planned carbon tax from 2019 to ensure its refining industry remains competitive as the sector faces headwinds from volatile margins, growing exports from China and rising capacity in the region.
— Platts

Grab to include variation of van-pooling in expansion plans
Fresh from launching a coach booking service earlier this month, Grab plans to start at least one more service this year as it continues its efforts to wean Singaporeans off their cars and bring down transport costs.
— Today Online

More than 900 from Singapore apply for IT jobs in New Zealand
More than 900 IT professionals from Singapore have applied to work in New Zealand’s capital city Wellington, highlighting the growing fight for global talent in this arena.
— Channel NewsAsia

Feature photo: kolehkoleh

The Singapore morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.

Singapore Morning News Roundup For February 24 added by Leakhena Khat on February 24, 2017
View all posts by Leakhena Khat →

Bio
Latest Posts

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.