Singapore Morning News Roundup For February 28

Singapore Morning News Roundup For February 28

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.


Singapore morning news

Singapore deals up by 34% in 2016
The value of Singapore investment deals struck last year – including both those made here and overseas – has shot up.
The Straits Times 

Silicon Valley adtech startup taps ex-Twitter exec to open first Asia office in Singapore
Not only is Asia mobile-first, it’s also expanding at a rate faster than any other region in the world. It’s because of this dynamic that nearly a quarter of the region’s total media advertisement spending will be set aside for mobile marketing channels.
Tech In Asia 

Singapore Tightens Rules for Sharing Economy that Could Disrupt Asia Ambitions
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.
Insurance Journal 

Singapore mulls national identity system to fully encompass all services
Prime Minister Lee Hsien Loong reveals possible plans for a nationwide system that will enable access to both government and private services, expanding the existing SingPass e-government login account.
ZD Net 

SPH partners China’s largest online creative services platform
Singapore Press Holdings (SPH) on Sunday signed a joint-venture agreement with China’s largest online creative services platform ZBJ Network.
The Straits Times

Himachal signs deal with Singapore for developing smart town
The Himachal Pradesh Housing and Urban Development Authority (HIMUDA) on Monday signed a deal with the Singapore government for developing a smart integrated township on the outskirts of Shimla town to decongest the state capital.
Business Standard 

Services sector turnover rises in Q4 but economists cautious on outlook
The turnover of the services industries, excluding wholesale and retail trade as well as accommodation and food services, rose 0.5 per cent in the fourth quarter of 2016 from the corresponding period a year earlier, data from the Department of Statistics Singapore (Singstat) showed yesterday, but economists remained cautious in their outlook for the sector.
Today Online 

Malaysia will not interfere in Singapore death row cases
Malaysia will not interfere in other countries’ internal affairs, including a court case involving a Malaysian death row inmate in Singapore.
The Star 

S’pore websites at risk of data leak caused by Cloudbleed bug
Singapore-registered Web domains could be among those exposed to the Cloudbleed bug, which causes private information keyed into supposedly secure websites to be leaked.
Today Online 

Small- and medium-sized law firms get help to go digital with S$2.8m programme
A S$2.8 million programme was launched on Monday (Feb 27) to help small- and medium-sized Singapore law firms adopt technology, announced the Ministry of Law, the Law Society of Singapore and SPRING Singapore.
Channel NewsAsia 

Large S’porean delegation to China shows forward-looking relationship: DPM Teo
The large Singaporean delegation to China as part of a high-level official trip to Beijing exemplified the “forward-looking” relationship between the two countries, said Deputy Prime Minister and Coordinating Minister for National Security Teo Chee Hean yesterday.
Today Online 

Singapore bank lending dips in January over December, on slight fall in business loans
Bank lending in Singapore dipped by a marginal 0.04 per cent in January from a month ago, after rising 1.1 per cent in December, as business loans weakened skightly.
The Straits Times

Singapore’s digital problems can’t be solved with $ alone
The Singapore Budget unveiled a raft of new measures aimed at getting Singapore’s reluctant SMEs/SMBs (small media enterprises/businesses) to go digital and use technology in their businesses. It basically amounted to throwing money at the problem. This seems to not only miss the point but not having learnt from previous times when this was tried.
Singapore Business Review

Singapore Eases Regulatory Regime for VC Funds to Promote Financing for Start-Ups
The Monetary Authority of Singapore has proposed a simplification of the authorisation process and regulatory framework for venture capital managers—with the goal of supporting start-ups.
JD Supra Business Advisor 

Proposed changes to Singapore GST system would level playing field for local businesses
In his budget speech this week, Singapore’s finance minister Heng Swee Keat announced that Singapore is looking into adjusting its goods and service tax (GST) system to level the playing field between local businesses, which are GST registered, and foreign based businesses that are not.

Joint expert panel to advance Sino-Singapore Tianjin Eco-city
LINKS between Singapore and China’s private and public sectors got a boost on Monday, with the unveiling of several initiatives, including the formation of a joint expert panel that will advance the development of the Sino-Singapore Tianjin Eco-city.
The Business Times 



Feature photoRıfat Sefa KÜÇÜK



The Singapore morning news roundup 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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