Singapore Morning News Roundup February 27

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.

S’pore manufacturing may show the way for future economy
TAKE a look at the underdog manufacturing sector and you may see what Singapore’s economic restructuring can turn out to be, observers told The Business Times.
— The Business Times

Singapore Budget 2017: So what is holding Singapore back?
A cultural aversion to venturing outside the box and a lack of confidence are holding Singapore back from realising its full potential as an innovation hub.
– The Straits Times

India And Singapore Exchanges Launching Derivatives Contracts On Diamonds In India
The Singapore Diamond Investment Exchange (SDiX), the world’s only commodity exchange trading in physically settled diamonds, and the Multi Commodity Exchange of India Ltd. (MCX) with an overall 90 percent market share and near 100 percent in bullion, have announced a Memorandum of Understanding (MoU) forging a strategic alliance to launch spot and derivatives contracts on diamonds in India, including using the SDiX-traded reference prices.
— Index Online

Singapore agencies sign 5 pacts for Tianjin Eco-City
Singapore and China on Sunday (Feb 26) signed five pacts to cooperate on improving the infrastructure and services in Tianjin Eco-City (TEC).
– The Straits Times

A leg up for SMEs in the financing stakes
The only issue that seemed to concern the stock market over a recent freeing up of rules regulating finance firms is the possibility that the affected companies may now become lucrative takeover targets.
— The Straits Times

Singapore Medical Group returns to black with $2.4m full year net profit
Singapore Medical Group returned to the black with a net profit of S$2.4 million for the full year ended Dec 31, 2016, after a net loss of S$148,000 a year ago.
– The Straits Times

Singapore and China work to boost Chongqing’s connectivity
Singapore and China have deepened their economic partnership through a raft of agreements signed ahead of the annual Joint Council for Bilateral Cooperation (JCBC), the highest-level forum between the two countries. The JCBC, which is an annual high-level bilateral platform to discuss ways to deepen and broaden Singapore-China cooperation, will be held on Monday (Feb 27).
— Channel NewsAsia

Talks under way for Singapore pilots to train at Ohakea
Singaporean officials are in talks with the New Zealand Government to set up a pilots’ training base at the Ohakea air base.
— Stuff

Experts: Yes, make Safe Riding Programme a must
From July, a 90-minute Safe Riding Programme (SRP) will be made available at selected community centres, schools and migrant worker dormitories.
— The New Paper

Elderly care centre launched at upgraded Whampoa CC
A first-of-its-kind centre promises to help transform how seniors can be cared for within a residential community.
— Today Online

Grooming S’poreans to be global citizens who can thrive anywhere
At the start of his Budget speech, Finance Minister Heng Swee Keat warned that an “inward- looking mood” had taken root in several countries, echoing what the Committee on the Future Economy (CFE) report called a “dark shift” away from globalisation.
— Today Online

Singapore Is Getting Tougher on the Sharing Economy Brands It Once Embraced
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.
— Skift

Concert raises $22,000 at launch of President’s Challenge
The 17th edition of the President’s Challenge kicked off on Sunday (Feb 26) with $22,000 raised through a choral concert held at the School of the Arts.
— The Straits Times

What’s on PM Lee’s ‘favourites’ tab? Mathematicians’ blogs, photography websites
Known to be an active social media user, Prime Minister Lee Hsien Loong on Friday (Feb 24) shared his Internet consumption habits with an audience of innovators and disrupters, and revealed that he monitors his posts closely to see how people are reacting to them.
— Today Online

Feature photo: Rıfat Sefa KÜÇÜK

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 27 added by Leakhena Khat on February 27, 2017
View all posts by Leakhena Khat →

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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.