Singapore Morning News For November 21

Singapore Morning News For November 21

Singapore morning newsSingapore’s final Q3 GDP in for upward revision: Economists
For the third quarter, Singapore’s economy likely grew at a faster pace than what the advanced gross domestic product (GDP) figure suggested – which was already the strongest in more than three years – according to private sector economists.
Channel NewsAsia 

Hong Kong Beats Singapore in Race to Attract Talent
Hong Kong topped Singapore in a tight race for the best of Asia’s talent, according to 2017 rankings released Tuesday by the Switzerland-based Institute for Management Development.

Singapore Wants To Add Biotech Hub To Its List Of Accomplishments
Singapore has made a mark in a range of industries recently. It’s been named a top city for startups, a leading smart city, a spacetech hub, and it’s internationally known as one of the most business-friendly countries in the world. But it can now add emerging medtech and biotech hub to that list.

Banks in Singapore to use NETS QR code for cashless payments
By the middle of next year, seven banks in Singapore will offer consumers the option of paying using NETS QR code.
Channel NewsAsia

Uber users in Singapore charged for ‘phantom rides’ overseas
Several Uber users in Singapore have complained this month of being charged for rides they never took, often in faraway places.
Channel NewsAsia 

Why a Singapore Cryptocoin Firm Now Does Its Banking in Japan
Quoine Pte, a cryptocoin exchange operator founded in Singapore, said it’s now routing customers’ payments to Japan, where the firm banks with lenders including Mitsubishi UFJ Financial Group Inc. after an account in the city-state was closed.

Construction begins for S$6.5 billion, 100km superhighway for used water
Construction work began on Monday (Nov 20) on a 100km underground “superhighway” to transport used water to water reclamation plants, which when completed in 2025, allows 83ha of land to be freed up.
Today Online 

How a national tragedy sparked the rise of dragonboating in Singapore
It is something of a secret to newer dragonboaters in Singapore: A rarely mentioned incident that thrust the sport into the public eye for the first time in its 30-odd-year history, and shook the entire nation, says Gavin Chian.
Channel NewsAsia 

The average salaries for graduates at Singapore’s private education institutes
Singapore’s Committee for Private Education released the results of its Private Education Institution (PEI) Graduate Employment Survey (GES) on November 15, finding that the overall employment rate of fresh graduates from PEIs six months after their final examinations was 84.3 per cent, including full-time, part-time, freelance, and contract work.
Asia One 

Singapore Technologies Engineering Ltd’s Latest Quarter: 2 Slides that Explain its Aerospace Segment Performance
Singapore Technologies Engineering Ltd (SGX: S63) is a large engineering conglomerate with four main business segments, namely, Aerospace, Electronics, Land Systems, and Marine.
The Motley Fool

GST hike looms as Singapore’s funding needs grow
THE Goods and Services Tax (GST) is likely to go up within the next few years, with an announcement expected as soon as Budget 2018, economists and tax experts say.
The Business Times 

“PAP cannot be trusted to keep election promises on not raising taxes” – SDP
Prime Minister Lee Hsien Loong confirmation yesterday that higher taxes are inevitable has drawn the ire of the Singapore Democratic Party (SDP), which has called out the ruling party for denying that taxes would be hiked during the elections, only to raise taxes after the elections were won.
The Independent Singapore 

Nets invests S$30m to launch unified e-payments platform
A CASHLESS future has become more of a reality in Singapore, as Nets is investing over S$30 million in the next three years to launch a unified digital payments platform here.
The Business Times 

“We have a first-class transport system in Singapore” – PM Lee
Prime Minister Lee Hsien Loong has asserted that he feels Singapore’s transport system is a “first-class” one at the PAP Convention 2017, held at the Big Box in Jurong yesterday morning:
The Independent Singapore 

Work starts for phase two of underground sewage tunnels
The Deep Tunnel Sewerage System (DTSS), which will be the conduit for all used water islandwide, will boost water recycling and free up space in land-scarce Singapore.
The New Paper 

Cash-flow issues ‘threatening to stall SME growth’
POSITIVE signs have emerged that small- and medium-sized enterprises (SMEs) are shifting from survival mode to growth mode, as more look beyond cost-cutting to revenue generation.
The Business Times

Seven banks to allow NETS QR code payments at hawker centres, food stalls
In the first partnership involving all the major players in the cashless payment scene here, customers will be able to pay for kopi at a hawker centre or candy at the neighbourhood minimart using NETS, by scanning a QR code on their phones.
Today Online 

Common Singapore QR code to be rolled out next year
A common Singapore Quick Response Code (SG QR) will be rolled out and adopted by payment service providers in Singapore next year, the Monetary Authority of Singapore (MAS) said on Monday (Nov 20).
Channel NewsAsia

SMRT investigating possible lightning strike on train
SMRT is investigating a possible lightning strike after a train stalled as it was approaching Bedok MRT station on Monday afternoon (Nov 20).
Channel NewsAsia 


Feature photo Aapo Haapanen
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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