Singapore Morning News For March 6

Singapore business confidence up for 2nd straight quarter
Local business confidence rose for a second consecutive quarter for the three months to June this year, according to a survey released by the Singapore Commercial Credit Bureau (SCCB) yesterday.
— The Straits Times

Singapore Budget 2018: SMEs laud new scheme to put global skills in local hands
SMALL and medium enterprises (SMEs) have given the thumbs-up to the government’s funding support to speed up the transfer of global expertise to local workers, describing the vehicle for the support – the Capability Transfer Programme (CTP) – as “useful”.
— Business Times

Jetstar sees changes to flights as Singapore airport fees rise
Qantas Airways’ budget arm Jetstar said Singapore’s move to raise passenger fees at its Changi Airport will compel the carrier to“shift flights around” to cope with changes in demand and may impact the city-state’s aviation hub status.
— Business Insider

Firms have small window for digital transformation: Heng
Singapore companies have a narrow window of opportunity to ramp up their digital transformation efforts and raise productivity over the next few years, said Finance Minister Heng Swee Keat.
— The Straits Times

Employment Act to be amended to cover workers earning more than S$4,500
More Singaporeans will see their employment conditions such as hours of work and overtime pay protected under proposed changes to the Employment Act.
— Channel NewsAsia

Singapore’s Malay chamber of commerce to hold business missions to 8 countries this year
THE Singapore Malay Chamber of Commerce and Industry (SMCCI) said on Monday that it will hold business missions to eight countries in 2018, with the support of government agency International Enterprise Singapore.
— Business Times

Commentary: Financial sector transformation map checks three key boxes
As global competition intensifies, and technological disruption reshapes entire industries, one thing is clear – it is no longer business-as-usual.
— Channel NewsAsia

Malaysia, Singapore stocks extend losses amid global trade war fears
Shares in Malaysia and Singapore extended losses on Monday, falling to more-than-two-week lows, as concerns over a global trade war weighed on demand for regional equities.
— Nikkei Asian Review

Singapore-EU to push ratification of free trade deal this year
When passed, it will allow consumers and producers reach each other’s markets sans custom duties on all qualifying goods.
— Singapore Business Review

New Mega Blockchain Hub of Asia to be Launched in Singapore
The lucky 7th floor of Suntec City Tower II will soon be the mega blockchain hub of Asia as a full house of blockchain and blockchain-related companies make new homes there in April 2018.
— AsiaOne

Airbnb willing to make concessions in Singapore: policy chief
Home-booking company Airbnb is willing to make some concessions on short-term rentals in Singapore in an attempt to appease concerns of the government, a top executive said on Monday.
— Business Insider

Singapore’s hotel booking chain RedDoorz eyes SE Asia expansion after raising $11m in pre-Series B
Singapore-headquartered online budget hotel booking chain RedDoorz has raised $11 million in its pre-series B funding round backed by existing investors, including the International Finance Corporation (IFC), and a number of new investors, the company announced.
— DealStreetAsia

Feature photo Carolien Coenen

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.

Singapore Morning News For March 6 added by Leakhena Khat on March 6, 2018
View all posts by Leakhena Khat →

Bio
Latest Posts

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.