Singapore Morning News For February 21

Singapore Morning News For February 21
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Singapore morning newsStanChart robbery: Singapore agrees to UK request to not cane suspect if found guilty
The Government has agreed that a sentence of corporal punishment will not be carried out if suspected bank robber David Roach is found guilty by a Singapore court, the Ministry of Home Affairs (MHA) said in a press release on Tuesday (Feb 20).
Channel NewsAsia 

1MDB’s criminal case in Singapore hearsay according to Najib and deputy
The Malaysian PM Najib Razak and his deputy Ahmad Zahid Hamidi said the 1MDB’s criminal case in Singapore were hearsay!
The Independent Singapore 

685,000 users affected after HardwareZone hit by security breach
Local online technology portal HardwareZone (HWZ) has been hit by a security breach that affected around 685,000 registered users.
Today Online 

Singapore’s National University Cancer Institute, HealthSeq Asia Partner to Study AML Genomes
The National University Cancer Institute, Singapore and HealthSeq Asia will collaborate on a research project to sequence 150 acute myeloid leukemia genomes to better understand the disease in Asian populations.

Singapore-based fintech start-up Texcent receives Remittance License from Monetary Authority Singapore (MAS)
Texcent Asia, Singapore based payments company announced today, that it has received remittance License from Monetary Authority Singapore (MAS).
Asia One 

Heng Swee Keat’s tax plan contradicts PM Lee’s views on GST hike during GE2015
Finance Minister Heng Swee Keat announced that the Goods and Services Tax (GST) will increase by 2 per cent, as he delivered Budget 2018 yesterday. This tax hike will raise the GST from 7 per cent to 9 per cent and will be implemented sometime between 2021 and 2025, most likely after the next General Election.
The Independent Singapore 

S’pore has one of the lowest mortality rates for newborns: UN report
WASHINGTON Singapore has one of the lowest mortality rates for newborns in the world, said a Unicef report released yesterday.
The New Paper 

Reduced tax exemptions to have minimal impact on Singapore start-ups
Despite the announcement of lower tax exemptions in Budget 2018, start-up founders here are not worried, with some noting that the adjustment will likely have “minimal” impact.
Channel NewsAsia

Thaksin, Yingluck spotted in Singapore
Fugitive former prime ministers Thaksin and sister Yingluck Shinawatra were in Singapore on Tuesday, in a rare sighting after their recent visits to China, Hong Kong and Japan.
Bangkok Post 

Singapore to impose taxes on overseas marketing vendors and imported digital services like Spotify
Singapore will be imposing the goods and services tax (GST) on imported digital services from 2020, as announced by Finance Minister Heng Swee Keat on Monday (19 February).
The Drum

Singapore Competition Commission to further assess Uber’s partnership bid with local taxi operator
Singapore’s competition watchdog says it needs to further assess and ascertain that local taxi operator ComfortDelGro’s proposed bid to acquire a 51 percent stake in Uber Technologies’ car rental business, will not infringe anti-competitive guidelines.

Infrastructure bond financing could turbo-charge Singapore debt market
THE just-announced policy for statutory boards and government companies to issue bonds to fund infrastructure projects is likely to turbo-charge the Singapore debt market.
The Business Times 

SDP slams Budget 2018 as one “laden with cheap gimmicks and full of wayang”
The Singapore Democratic Party (SDP) was the first opposition parties to comment on Budget 2018, which was delivered by Finance Minister Heng Swee Keat yesterday.
The Independent Singapore 

Singapore: NRF, Temasek to commit $75m for IP commercialisation
Singapore’s state investor Temasek Holdings and the city-state’s National Research Foundation (NRF) have committed S$100 million ($75.9 million) to support the commercialisation of intellectual property (IP) from publicly-funded research under the NRF- Temasek IP Commercial Vehicle, according to details disclosed in briefings by the Singapore government on its 2018 budget.

S’pore firms kept up innovations to attract talent, enter overseas markets
With the use of technology, a concrete product that is made pliable helps to cushion the landing impact of aircrafts, reducing constant maintenance and downtime costs at airport runways.
Today Online

Some retailers increase cigarette prices following tax hike
Smokers are already feeling the pinch after the latest hike in tobacco tax, as some retailers have already raised cigarette prices.
Channel NewsAsia

Singapore Budget 2018: ‘Well-calibrated’, will help lift wages, say Money FM 89.3 panellists
SINGAPORE’S 2018 Budget is “well-calibrated” to address both productivity and help lift wages, said Vishnu Varathan, head of economics and strategy at Mizuho Bank.
The Business Times


Feature photo Akuppa John Wigham


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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