Singapore Morning News For January 29

Singapore Morning News For January 29
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Singapore, HK biggest Asia recipients of FDI after China in 2017: UNCTAD
MORE direct investments flowed into Asia last year despite a decline globally – and China, Hong Kong as well as Singapore were the biggest recipients, according to the United Nations Conference on Trade and Development (UNCTAD).
The Business Times 

PM Lee would like to hand over to his successor only after the next General Election
Prime Minister Lee Hsien Loong revealed on Friday that he will only hand over the prime ministership to his successor after the next General elections. The head of government was speaking to reporters at the end of his 2-day visit to New Delhi, where he co-chaired the Asean-India Commemorative Summit.
The Independent Singapore 

Singapore fund managers view politics, uncertainty, US rate hikes as key concerns
Global political risk and uncertainty and US rate hikes are the key concerns for Singapore investment managers this year, according to findings from an annual survey by the Investment Management Association of Singapore (IMAS).
Asia Asset Management 

Laws to regulate private ambulances: Operators caught in the middle with new classification
Private operators who provide both emergency ambulance services and medical transport services could be caught in the middle with a classification under a new Bill that will separate these services.
Channel NewsAsia 

Singapore, Smart City in practice
As an advanced city-state, Singapore has a unique opportunity to push forward in technologies and new practices of urban planning, transport, energy and utilities. Explaining the implementation of various methods in daily life of Singaporeans, this video shows how the Red Dot is becoming a global leading “Smart City”.
Asean Up

Alipay partners Global Tax Free to roll out tax refund service in Singapore
ALIPAY, a mobile and online payment platform operated by Ant Financial Services Group, along with Global Tax Free announced that Chinese travellers visiting Singapore can now have tax refunds deposited directly into their Alipay accounts after completing all procedures at the airport.
Digital News Asia 

4G leaders could take more than 9 months to pick a leader among them: PM Lee
While there will be a “significant” Cabinet reshuffle after next month’s Budget to expose the country’s fourth generation leadership to new responsibilities, it is unlikely to signal a frontrunner among them, and picking a leader among themselves could take “a bit longer” than nine months, Prime Minister Lee Hsien Loong said on Friday (Jan 26).
Today Online 

China ousted by Singapore as Asia’s no 1 buyer of US commercial property
Singapore ousted China to become the biggest Asian investor in US commercial property last year.
The Business Times 

Chinese Tourists in Singapore Can Now Get Tax Refunds Through Alipay
Looking to make Singapore an even more attractive destination offering, a new service will allow Chinese shoppers a faster and more seamless refund process, Chinese travelers visiting Singapore can now have their tax refunds deposited directly into their Alipay accounts after completing procedures at the airport.
Branding In Asia 

Zero COE growth rate: What it means for car buyers
And with more car owners renewing their Certificates of Entitlement after 10 years, how will this affect the COE supply?
Channel NewsAsia (video)

Here’s what Keppel O&M needs to come back to black
Higher demand for gas vessels in two to three years could drive contract wins to $4b-$5b.
Singapore Business Review 

Drop in foreign employment, but firms will still be dependent on foreign workers: Economists
The latest Ministry of Manpower (MOM) labour market report released on Friday (Jan 26) may have indicated a huge dip in foreign employment last year, but economists and human resource experts say that it should not be read as a sign that companies here have weaned off reliance on foreign workers.
Today Online

CNB seizes 8.8kg of heroin; largest haul in 3 years
The Central Narcotics Bureau (CNB) arrested three men and seized more than 8.8kg of heroin, along with other drugs, with a total estimated street value of S$666,000.
Today Online 


Feature photo Chuwa (Francis)


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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