Singapore Morning News For April 13

Singapore Morning News For April 13
Estimated Reading Time: 5 minutes |

Singapore morning news

Singapore central bank keeps policy settings unchanged as expected
Singapore’s central bank kept its exchange-rate based policy unchanged as expected on Thursday, saying a “neutral” stance will be needed for an extended period of time.
Reuters

Singapore Q1 GDP contracts 1.9 pct qtr/qtr, in line with forecasts
Singapore’s trade-reliant economy shrank 1.9 percent in the first quarter from the previous three months on an annualised basis, weighed by contractions in manufacturing and services, preliminary data showed on Thursday.
Reuters

Quick take: Singapore economy hinges on durability of export recovery
SINGAPORE’S economy grew 2.5 per cent in the first quarter of 2017 compared to a year ago, after easing 2.9 per cent from the fourth quarter of 2016.
The Business Times

Singapore, Shanghai deepen ties amid fresh commitments by banks
FINANCIAL institutions from both Singapore and Shanghai signed several agreements on Wednesday amid efforts to enhance capital markets, boost ties between banks and corporates, and raise collaborations with financial technology (fintech) firms.
The Business Times

Singapore: Rickmers Maritime to shut operations after failing to reach deal with lenders
Rickmers Maritime, a Singapore-listed trust that operates container ships, said it would be wound up after it was unable to reach an agreement with its
lenders to restructure its debt or raise new equity.
Deal Street Asia

Singapore’s GDP growth eases to 2.5% in Q1: Flash data
Singapore’s economy grew a slightly less-than-expected 2.5 per cent in the first quarter of 2017 from a year earlier, easing from the 2.9 per cent growth in the previous quarter, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Thursday (April 13).
The Straits Times

Singapore moves six F-15s to Guam for joint training with US forces
Singapore has deployed its Boeing F-15s to Guam for training with the United States Air Force for the first time, according to the Southeast Asian island state’s defense ministry.
Defense News

Corruption cases in Singapore fell to record low in 2016, says CPIB at launch of new anti-bribery standard
The Corrupt Practices Investigation Bureau (CPIB) said the number of cases registered for its investigation hit the lowest last year.
The Straits Times

Singapore still most liveable city for Asian expats, but air quality waning:Survey
The gong of most-liveable city for Asian expats remains Singapore’s, for the 18th year, but the Republic’s lead has been narrowing because of worsening air pollution, an annual survey by consulting firm ECA International shows.
Today Online

Corruption complaints drop 11 per cent to record low
The number of graft complaints registered for investigation hit a record low last year, with the 118 cases representing an 11 per cent drop from 2015.
Today Online

AHTC’s financial statements presented to Parliament
The Ministry of National Development (MND) has presented to Parliament the Aljunied-Hougang Town Council’s (AHTC) audited financial statements for the financial year ending March 2016, as required by law.
The Straits Times

MAS keeps Singdollar exchange rate policy unchanged
The Monetary Authority of Singapore (MAS) is keeping its exchange rate policy unchanged amid modest improvements in both economic growth and inflation.
The Straits Times

New trains boast information displays and brighter LED lighting
On Sunday (April 16), commuters on the North-South Line may be riding in the first of a fleet of new trains, outfitted with fresh features, ranging from more comprehensive information displays to brighter LED lighting.
Today Online

Slew of initiatives to attract, retain talent in social service sector
Finding the right staff is always a challenge for social service organisations, as they are often viewed as financially constrained and offering lower pay than the commercial sector, said Dr Victor Tay, president
of the Association for Persons with Special Needs (APSN).
Today Online

MAS keeps S$ policy band at neutral for an extended period
SINGAPORE’S central bank opted to keep its neutral policy stance of zero per cent appreciation of the S$NEER (Singapore dollar nominal effective exchangerate), adding that such a stance is needed for an “extended period”.
The Business Times

Singapore e-commerce firm Y Ventures bets big on big data
A SINGAPORE company is making waves in the world of e-commerce – and doing it by using big data.
The Business Times

HDB flats ‘good store of asset value’ for those who plan ahead: Lawrence Wong
A Housing and Development Board (HDB) flat is a “good store of asset value” for those who plan ahead and make prudent housing decisions, National Development Minister Lawrence Wong said.
Channel NewsAsia

Shanghai Pudong Development Bank sets up Singapore branch
Shanghai Pudong Development Bank (SPD Bank) announced Wednesday that it had established a branch in Singapore.
— Xinhua

 

Feature photo Jason Goh  
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).

 

Introducing The AEC News Today Mobile App

In an era of hectic schedules where time is precious, the AEC News Today mobile app enables you to stay up to date with the latest Asean news on governance and policy issues affecting the Asean Community while you are on the move and whenever you have a few minutes to spare.

See full details, including our AEC News Today Mobile App Privacy Statement here: Stay up to Date With The AEC News Today Mobile App

Download the AEC News Today mobile app from Google play or the App stores by clicking the icons below.

Download the AEC News Today mobile app for iOS here Download the AEC News Today mobile app for Android here

 

 

 

 

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.

 

 

 

The following two tabs change content below.
Vat Vin

Vat Vin

Vat Vin graduated from the University of Cambodia with a major in Economics. He previously worked as a business writer and journalist at Business Cambodia and as a copy writer at The Source and Solution Group before joining AEC News Today.
Vat Vin

Latest posts by Vat Vin (see all)

Do you know more about this story? Leave a comment or email: feedback@aecnewstoday.com