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.
Singapore beats Hong Kong to claim title of ‘World’s Best Airport’
Research firm SkyTrax has named Singapore Airport “World’s Best Airport” for a fifth consecutive year over regional rival Hong Kong.
Brighter outlook for Singapore’s trade-dependent sectors, dimmer prospects at home
A TWO-SPEED economy has emerged in Singapore, going by the latest survey among private-sector economists, the results of which were released on Wednesday.
— The Business Times
Property stocks on the rise
Recent adjustments to cooling measures unlikely to lift sales but real estate stocks have different outlook
— The New Paper
Economists upgrade Singapore’s 2017 growth forecast
Stronger than expected fourth quarter growth in Singapore driven by improved global demand led economists to upgrade their 2017 projections for the Southeast Asian city state, an official survey of forecasters showed Wednesday.
Grab to beef up S’pore R&D centre, add jobs
Ride-hailing company Grab is expanding its research and development (R&D) centre in Singapore, as it opened two more centres in the region and announced plans to add over 800 developers in the next two years.
— The Straits Times
Private home sales triple in February as demand increases
Home sales in the Republic more than tripled last month compared with the same period last year, as developers released new projects to meet the pick-up in demand.
— Today Online
SINGAPORE-LUX. INFORMATION EXCHANGE
Luxembourg and Singapore are to begin automatically exchanging tax information in 2018, thanks to the signing of an agreement during a financial mission to Singapore last week.
Engen to ship high sulphur gas-oil to Singapore in rare move
SA’s Engen is set to export a gas-oil cargo to Singapore, according to trade sources and shipping data. The company has provisionally booked the Torm Horizon to transport 35,000 tonnes of gas-oil to Singapore from Durban, shipping fixtures showed.
— Business Day
Singapore plans data protection certification
Singapore’s data protection authority is developing a certification programme for local data protection officers (DPOs)
Double delight for Accenture innovation in US and Singapore
Accenture has opened innovation centres in New York and Singapore for finance and risk, and software application development cycles respectively.
— Banking Technology
(Singapore US Navy bribes scandal) Malaysian paid for US$20,000 HK dinner
Officers in a burgeoning US Navy bribery scandal called themselves the Lion King’s Harem, the Wolfpack, the Cool Kids and the Brotherhood. They scouted for others who might also accept sex, trips and other lavish perks from a Malaysian defense contractor known as “Fat Leonard” in exchange for classified information.
— The Standard
Unesco appoints first chairholder in Singapore
UNESCO has appointed M Ramesh, a professor at Lee Kuan Yew School of Public Policy, as the first Unesco chairholder in Singapore.
— The Business Times
SINGAPORE’S INFRASTRUCTURE HELPS IT EARN TOP MARKS FOR EXPATS
Attention expats in Asia: Are you living in Singapore? Well, according to a recent report from Mercer, you should be. Taking into account education, infrastructure, transportation and other crucial factors, Mercer ranks Singapore as the best city in Asia for expatriates and the best worldwide for infrastructure.
World’s most modern airliner begins Manchester to Singapore service
THE worlds most modern airliner, the Airbus A350-900, has commenced flying from Manchester with Singapore Airlines.
— Messenger Newspaper
Singapore PC maker Dreamcore to show off custom gaming PCs at IT Show 2017
If you’ve been thinking that the desktop PC is dead, a Singapore startup called Dreamcore wants to change your mind with its sleek gaming machines to hit the show floor at the IT Show bazaar from tomorrow.
Economists raise Singapore’s growth forecast to 2.3%
The stronger-than-expected performance of Singapore’s economy in the fourth quarter of last year and a recovery in global trade, among other factors, have led private sector economists to significantly upgrade their full-year forecast for 2017.
— Today Online
Pacific Rim Talks Fail to Back Free Trade Support With Action
The Pacific Rim trade talks in Chile that were meant to send “an important political signal” in support of FREE TRADE ended Wednesday with no final declaration after Singapore was the only Asian nation to send a ministerial-level delegation.
ASEAN Regulatory Brief: Singapore Cybercrime Laws, Malaysia Property Rules for Foreigners, and Myanmar Import Surplus Regulation
The Singapore government will include four major amendments to the Computer Misuse and Cybersecurity Act in view of growing cyber threats. Once the Bill is implemented, it will criminalize trading of personal information such as credit card details, medical information, and banking information, even if no hacking was involved to gain such information.
— Asean Briefing
Singapore’s Heron 1 achieves FOC
Singapore’s defence ministry made the announcent in a statement on its web site. The announcment comes two years after the Elbit Systems Hermes 450 obtained its Singapore FOC.
— Flight Global
UBS hires from Credit Suisse for special desk in Singapore
In response to increasing demand for a seamless international banking experience for foreigners residing in Singapore, UBS Wealth Management has established a new service.
Tough job market amid brighter signs for economy [The Straits Times]
There are good prospects flagged for the economy, but less so for the job market, as Singapore enters a tricky phase of growth.
— Singapore Government
Feature photo: Carol Kraal
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Singapore morning news is published M-F by AEC News Today: Governance, not government; policies not politics.