Singapore Morning News For January 9

Singapore Morning News For January 9
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Singapore morning newsHundreds affected as flash floods hit eastern Singapore
Hundreds of commuters and motorists were caught in flash floods across parts of eastern Singapore yesterday as an intense downpour dumped weeks’ worth of rain in just a matter of hours.
The Straits Times (paywall)

Singapore needs to go beyond tax perks and develop new trump cards, says Heng
SINGAPORE needs to develop its competitive advantages beyond tax incentives, given the trend of lower tax rates around the world, said Minister for Finance Heng Swee Keat in Parliament on Monday.
The Business Times 

New law to strengthen public sector governance passed
A new law that looks to strengthen the governance of statutory boards as well as formally introducing a data sharing regime in the Singapore Government was passed in Parliament on Monday (Jan 8).
Channel NewsAsia (video)

Not in Singapore’s national interest to give platform to radical foreign religious preachers: Shanmugam
If foreign religious preachers hold views that are inappropriate or unacceptable, then it is not in Singapore’s national interest to give them a platform to propagate their teachings or to build up a following, said Minister for Home Affairs K Shanmugam in Parliament on Monday (Jan 8).
Channel NewsAsia 

Police seize S$3.05 million, 12,000-tonne tanker in operation against fuel syndicate
A syndicate suspected of stealing fuel from Shell Bukom has been arrested by the police in an island-wide operation.
Today Online 

Singaporean filmed beating dog in viral video fined RM8,000
A Singaporean in Malaysia was fined RM8,000 (S$2,700) in default of eight months’ jail for an act of animal cruelty on Monday (Jan 8).
Asia One

Security questions addressed as data sharing law among public agencies comes into play
Even as rules relating to data sharing within the Singapore Government were formalised on Monday (Jan 8), following the passing of the Public Sector (Governance) Bill in Parliament, Minister in charge of public service innovation Ong Ye Kung sought to address security concerns raised by MPs.
Channel NewsAsia (video)

MOU opens doors in India for S’pore tech startups
SINGAPORE tech startups will now be able to pilot innovations in India and acquire best practices from Indian tech companies, following a memorandum of understanding (MOU) signed between International Enterprise (IE) Singapore and the Confederation of Indian Industry (CII) on Monday.
sgsme singapore 

Inter-agency task force to review SkillsFuture fraud after S$40m claims scam
An inter-agency task force has been set up to conduct a “thorough review” of SkillsFuture claims, after a series of offences that involved S$40 million worth of fraudulent claims being paid out by SkillsFuture Singapore (SSG).
Channel NewsAsia 

Local tech start-ups can carve niche in China: IE Singapore
As tech giants like Google and Uber can attest, China is a brutal place for global start-ups, but it could be a promising one for ambitious Singapore firms, said IE Singapore.
The Straits Times (paywall)

Singapore bank shares remain favorites as rates rise
Singapore’s three banking groups are tipped to outperform the broader stock market yet again this year, as an improving economy lowers risks for the sector while higher interest rates help earnings.
Nikkei Asia Review 

Singapore’s sagas subvert public perceptions of leadership
For a nation that prides itself on efficiency and strong leadership, Singapore had an unusual 2017 as both qualities were tested.
East Asia Forum 

Najib to attend leaders’ retreat in Singapore next week, says Malaysian media
Prime Ministers Lee Hsien Loong and Najib Razak will meet in Singapore next week for the Eighth Singapore-Malaysia Leaders’ Retreat, Malaysian Chinese-language daily Nanyang Siang Pau has reported.
Today Online 

Keppel O&M graft case: Global resolution achieved more than what S’pore alone could, says Indranee
THE global resolution that Keppel Corporation’s rig-building unit reached with the authorities across three countries over a corruption scandal achieved more than what the Singapore government would have been able to attain if it had prosecuted the company solely under Singapore laws, Senior Minister of State for Law Indranee Rajah said in Parliament on Monday.
The Business Times

MAS puts more scrutiny on bank loans for property development
A SPATE of aggressive land deals by developers last year has prompted the Singapore central bank to take a closer look at the way banks are financing development projects.
The Business Times 

Why Asean is good for Singapore
Singaporeans should be more positive about the regional grouping, given the many benefits it offers – not just its huge market potential but also the less immediately obvious ones like peace, without which economic growth would be impossible
The Straits Times (paywall)

17 arrested for misappropriating fuel from Shell Bukom, S$3.05m cash seized
Seventeen men have been arrested for their suspected involvement in misappropriating fuel from Shell Bukom, the police said on Monday (Jan 8).
— Channel NewsAsia

AmBank withdraws demand for US$20.48m from Singapore’s Falcon
AmBank has withdrawn a statutory demand, totalling US$20.48m, filed against Singapore-listed Falcon Energy Group.
The Star Online 

Singapore seeks assistance to move ‘as expeditiously as possible’ on Keppel O&M case: Indranee
The Government’s intention is to move as “expeditiously as possible” on investigations relating to Keppel Offshore & Marine (Keppel O&M) and the Attorney-General’s Chambers (AGC) has sought assistance for evidence from authorities in other jurisdictions, said Senior Minister of State for Finance and Law Indranee Rajah in Parliament on Monday (Jan 8).
Channel NewsAsia 


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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