Singapore Morning News For December 15

Singapore firms need to improve on cash management
Half of Singapore’s business sectors need to improve their cash management to free up an additional $8.7 billion of liquidity that is tied up, according to a new study. It found that the drag in performance was due to a rise in the time taken to collect cash from sales and an increase in inventory
— The Straits Times (paywall)

Singapore’s latest demographics: what it means for housing
he best property analysis released these days is not about the red-hot en bloc fever, or the optimistic projection of possible growth for the property market in 2018.
— The Online Citizen

SINGAPORE HOSTS ASIA’S FINEST ARTISAN FOOD AND DRINK EXPOS
Thousands of chefs, restaurateurs, publicans and leading figures in artisanal food flocked to Singapore this year for the launch of Speciality & Fine Food Asia and Restaurant, Pub & Bar Asia fairs.
— The Drinks Business

Russia and Singapore to jointly create a Contingency Situation Management Center
Rostec is creating a Situation Center which will monitor, control and coordinate the protection of assets and elimination of contingency consequences at all Corporation’s facilities in the Russian Federation.
— Asia One

Four Law Firms Granted Temporary Extensions for Singapore License, as Performance Has ‘Fallen Short’
Authorities in Singapore have decided to defer a decision on whether to renew the Qualifying Foreign Law Practice (QFLP) licenses of four global law firms that have failed to deliver on the promises they made when they were granted the licenses in 2013.
— Law

Singapore wins race to house Neste’s new renewable diesel plant
ENERGY giant Neste has settled on Singapore as home for its next large-scale renewable diesel plant as the group moves to beef up its renewable products business.
— The Business Times

HDB to launch 17,000 new flats in 2018
The Housing and Development Board (HDB) will launch about 17,000 new flats in 2018, Minister for National Development Lawrence Wong said in a blog post on Thursday (Dec 14).
— Channel NewsAsia (video)

MPA pumps S$12 million more to promote S’pore’s LNG bunkering
THE Maritime and Port Authority of Singapore (MPA) has injected another S$12 million to boost Liquefied Natural Gas (LNG) bunkering in the Port of Singapore.
— The Business Times

MPA Pumps USD 8.9mln More to Promote Singapore’s LNG Bunkering
Half of this S$12 million has been set aside to co-fund the building of new LNG bunker vessels (LBVs) to facilitate the development of ship-to-ship LNG bunkering in the Port of Singapore.
— Maritime Professional

China-Singapore Relations in 2017: Better Than ‘Normal’
After a chill in 2016, China-Singapore relations were back to normal — and beyond — in 2017.
— The Diplomat (paywall)

Singapore should step up environmentally friendly efforts
As a metropolitan country without local crops or a diverse population of animals, Singaporeans naturally feel detached from the idea of “real” climate change.
— The Straits Times (paywall)

3D ‘roadmap’ allows doctors to pinpoint cancer in lung
A new procedure that allows doctors to pinpoint cancer in the lungs more accurately and could lead to earlier diagnoses and treatment of the No. 1 cancer killer here, is now available in Singapore.
— The New Paper

Singapore delivers S$100,000 worth of aid for Myanmar’s Rakhine State
The Singapore Government has sent S$100,000 worth of relief supplies for people in Myanmar’s troubled Rakhine State.
— Channel NewsAsia

Malaysia shares post biggest jump in 22 months; Singapore equities decline
Malaysian shares chalked their best session in 22 months on Thursday, as lenders gained amid expectations that interest rates are set to rise. Hopes of more foreign fund inflows also supported equities.
— Nikkei Asian Review (paywall)

Investing: Blue skies ahead for banking counters
With the US Federal Reserve on course for three more interest rate hikes in 2018, market watchers say the outlook for the banking sector is rosy. That’s because banks will typically perform better when interest rates go up.
— Channel NewsAsia (video)

Feature photo Wojtek Gurak

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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 December 15 added by Leakhena Khat on December 15, 2017
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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.