Singapore Morning News For January 12

Singapore Morning News For January 12
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Singapore morning newsSingapore-listed companies not transparent enough in disclosing salaries: Report
Companies listed on the Singapore Exchange are not disclosing the remuneration of their top executives adequately, as required by the Code of Corporate Governance.
Channel NewsAsia 

S$16b-$19b in public-sector construction projects this year to help industry ride out slump
Public sector works is expected to account for the bulk of construction projects this year as it did in recent years, pushing the overall value of construction contracts to S$31 billion at best, to salvage declining demand seen from 2015.
Today Online

These Are the Taxes Singapore Could Hike in Next Month’s Budget
Speculation is buzzing that the Singapore government will raise the goods and services tax in its Feb. 19 budget rollout. But GST probably won’t be the whole story.

SpherePay payment app adds micro-loan function
Singapore-based mobile payment app SpherePay has introduced an innovative credit function allowing consumers to make purchases in advance of payment.
Telecom Asia 

Singapore cannot stop growing because of train breakdowns, says former chief planner
Singapore’s former housing and urban planning chief Dr Liu Thai Ker said that the recent spate of train breakdowns should not mean that Singapore’s population will have to stop growing.
Channel NewsAsia 

Singapore: Japan’s Itochu invests $59m in OUE Lippo Healthcare
Japanese general trading firm Itochu Corporation has become a strategic investor in OUE Lippo Healthcare (OUELH), the healthcare subsidiary of the SGX-listed property developer and owner OUE Limited, through a private placement of S$78.8 million ($59.1 million) worth of shares.

Singapore’s powerhouses neglect local intellectual life
Singapore’s two main public universities have risen in global reputation, lifted by the state’s economic might. For most Singaporeans – as well as many of the region’s brightest students – getting a place to study at the National University of Singapore or Nanyang Technological University is a proud accomplishment.
Times Higher Education 

50% of firms still not clear about Industry Transformation Maps: SBF survey
About 50 per cent of Singapore businesses feel that although the Industry Transformation Maps (ITMs) are a good government initiative, they are still developing an understanding of the processes the transformation roadmaps entail and hence, unable to assess the maps’ impact.
Channel NewsAsia (video)

Singapore Has More Tax Options Than a GST Hike in 2018 Budget
Speculation is buzzing that the Singapore government will raise the goods and services tax in its Feb. 19 budget rollout. But GST probably won’t be the whole story.
Bloomberg Quint 

Singapore: EFA Group’s latest SME trade finance fund deploys $100m since launch
Singapore-based independent asset manager EFA Group’s latest fund EFA SME Trade Finance Fund has deployed over $100 million to its portfolio of over 30 small and medium-sized enterprises (SMEs) within six months of its launch.

Public works, en bloc projects to fuel 2018 building demand
THE BUILDING and Construction Authority (BCA) on Thursday projected that S$26 billion to S$31 billion in construction contracts could be awarded in 2018, up from the S$24.5 billion estimated to have been awarded in 2017.
The Business Times 

Singapore’s China-India Balancing Act
Singapore needs India for security partnership, but China for economic ties.
The Diplomat 

Singapore sounds cautious note on cryptocurrencies
Singapore’s ambition to become a global fintech centre has its limits.
The Financial Times 

Singapore’s War on Fake News in the Spotlight with New Committee
The city-state is mulling further measures to counter the growing challenge amid lingering concerns.
The Diplomat 

Secret life as a social escort in Singapore
Within the past year, Rebecca* has developed crushes on a lawyer, a cafe owner, and a freelance writer.
Asia One

Public-sector demand key to Singapore’s construction sector
Construction demand in 2018 is expected to exceed that of last year, but companies think it is too early to celebrate. After all, the Building and Construction Authority’s (BCA) final figures dipped below its projections for three years in a row.
The Straits Times (paywall)

1 in 4 firms falling behind in economic transformation: SBF
About a quarter of companies here have been slow to transform their businesses and are thus lagging behind.
Today Online 

Successful ICOs need backing from strategic purchasers: Mike Kayamori, Quoine
At a time when the sector is facing a lot of regulatory scrutiny globally, Mike Kayamori, chief executive officer and co-founder of Quoine, is bullish on the prospects of the ICO market in the coming years.


Feature photo Dickson Phua


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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