Welcome to the Singapore morning news roundup by AEC News Today, your one stop for Singapore news on matters of governance and policies affecting Asean business communities.
Businesses unhappy with lack of urgent fixes
SMALL and medium enterprises (SMEs) and businesses, already feeling the pain from a tough business climate, are unhappy with the lack of short-term measures that they were hoping to see in Budget 2017
— The Business Times
Singapore Records Growth in MICE Arrivals in 2016
According to the Singapore Tourism Board (STB), Singapore’s business events sector posted 15% year-on-year growth in 2016.
— Trade Show News Network
Financial commentators on Singapore Budget 2017
Minister for Finance Mr Heng Swee Keat had laid out the Government Budget 2017 with plans to help Singaporean tackle an increasingly complex global environment, while also promising more measures to help reduce environmental impact as the Government continues its efforts to develop Singapore’s economy.
— The Online Citizen
Singapore to retain home curbs for some time
Singapore’s residential property curbs are expected to stay for some time as the city-state’s economy remains stable and demand is still “very resilient,” National Development Minister Lawrence Wong said.
— The Star Online
Hacks, lean IT teams push SMEs towards next-gen cybersecurity tools
Homegrown baking supplies company Phoon Huat is looking to go digital and had plans to roll out an e-commerce platform last December as part of its digitalisation plans.
— Channel NewsAsia
Businesses say they will take water price hike in their stride
When Finance Minister Heng Swee Keat announced on Monday (Feb 20) that water prices would go up by 30 per cent, the news did not give laundromat chain founder Tan Tiong Peng a “heart attack” — thanks to his decision to invest in water-efficient machines when he started the business in 2010.
— Today Online
Taxing e-commerce players such as Amazon one way to raise Govt revenue: Experts
With the Government needing to impose new taxes or raise existing ones to fund growing healthcare and infrastructure expenditure, tax experts have suggested several ways for the country to boost its coffers: Taxing e-commerce operators such as Amazon and Taobao as well as those providing business-to-business (B2B) services, creating a new tax bracket for the ultra-rich, and increasing the goods and services tax (GST) rate.
— Today Online
Carbon tax and water price hike to dampen REIT dividends
New policies might decrease net operating incomes.
With the implementation of carbon tax and increased water prices in Singapore after the Budget 2017, dividends paid out by Estate Investment Trusts (REITs) is expected to decrease.
— Singapore Business Review
CII signs MoU with Singapore trade and business agencies
Singapore, Feb 21 (PTI) In a first between Indian and Singapore business institutions, the Confederation of Indian Industry (CII) has signed a Technology Partnership MoU with two Singapore agencies to promote expertise in expanding businesses.
— India Today
Singapore IT bosses turn to open source
In order to successfully compete in the age of the customer and continue to deliver world-class operational capabilities, senior IT decision makers from Singapore plan to focus on three IT and business priorities in the next 12 months.
— Enterprise Innovation
Singapore tops list of 17 cities with highest greenery density
Singapore is the city with the highest density of greenery based on a list of 17 cities, according to an interactive website which measures canopy coverage.
— The Straits Times
Thomson Reuters opens Singapore data science lab
The Lab will collaborate with the government, customers, tech startups and universities to build partnerships and create innovative products and solutions for professional markets throughout the Asia Pacific region. The Singapore Lab is the first branch in Asia to open as part of Thomson Reuters Labs growing global network, joining locations in Boston, Cape Town, London, Waterloo (Canada) and Zürich.
Feature photo: kolehkoleh
The Singapore morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.