Singapore Morning News Roundup For March 6

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 opens doors and access to funds for foreign entrepreneurs
While economies elsewhere are shutting foreign talent out, Singapore is making moves to poach some of the world’s brightest minds to feed its ambition to become the next Silicon Valley.
— Asia One

New plans serve cheaper power to Singaporeans
Shopping for customised electricity plans has been an option for businesses in Singapore for the past year or so, but not many have decided to make the switch away from public power utility SP Services.
— The Nation

Singapore to lure more foreign startups amidst global protectionist sentiments
As part of its efforts to attract more foreign entrepreneurs launching their startups in Singapore, the government is launching the Startup SG brand, a new umbrella branding that encapsulates all the efforts to support startup schemes.
— Singapore Business Review

Taiwanese online firms eye Singapore as regional base
A growing number of Taiwanese online firms are choosing Singapore as their base to expand into South-east Asia as Taiwan and its regional rivals compete to snap up talent in the quest to become a tech hub.
— The New Paper

Singapore firm proposes Bangladesh to dredge rivers in exchange for sand
A discussion with a Singaporean company to dredge rivers in exchange for the excavated sand is underway, Water Resources Minister Anisul Islam Mahmud has said.
— Bdnews24

Google looks to govt fillip to Chromebook sales in Singapore
THE upcoming move to delink Internet access from public officers’ work computers may give an impetus to Google’s Chromebook project in Singapore, says Caesar Sengupta, Google’s vice-president for product management.
— The Business Times

Singapore managers can expect pay increases of 5% at most this year
Singaporean managers and senior staff can prepare for 5 per cent pay increases at most this year as the labor market stabilizes.
— The Straits Times

Shipping firm Hanjin winding up Singapore operations
South Korea’s bankrupt Hanjin Shipping is in the process of winding up its operations in Singapore, and this is likely to affect about 100 employees here.
— The Straits Times

Singapore managers can look forward to a 5% pay hike
1 in 2 firms plan on raising salaries this year.
— Singapore Business Review

Japan’s Mitsui to hire more staff as it expands in region
JAPANESE TRADING company Mitsui & Co is looking to boost its headcount in Singapore to tap growth opportunities in the still-buoyant Southeast Asian economies.
— The Nation

Workers’ rights gaining ground
New pro-employee Employment Claims Tribunal will handle disputes faster and make it easier for workers to file salary claims.
— The Business Times

MP calls on Govt to prevent profiteering from water fee hike
Bring back a committee against profiteering to ensure that establishments such as coffee shops do not profiteer by raising prices using water fee hikes as an excuse, Member of Parliament (Nee Soon GRC) Lee Bee Wah said on Sunday (March 5).
— Today Online

Response to 2-Room Flexi Scheme ‘encouraging’, 85% of elderly buyers went for short leases: HDB
The response to the 2-Room Flexi Scheme has been “very encouraging”, and 85 per cent of elderly buyers opted for shorter leases, said the Housing and Development Board (HDB) on Sunday (Mar 5).
— Channel NewsAsia

Local firm rolls out online translation service for multiple Asian languages
While Sim Lim Square is a key retail hub of information technology (IT) products, the lesser-known Sim Lim Tower is a hotchpotch of shops and offices making a real mark on the online world.
— The Straits Times

No room for religious extremism in Singapore, say Muslim leaders
Muslim leaders yesterday made clear their stand against religious extremism and called for calm amid the ongoing controversy over an imam’s reportedly offensive remarks.
— Singapore Government

Feature photo: Jason Goh

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

Singapore Morning News Roundup For March 6 added by Leakhena Khat on March 6, 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.