Singapore morning news for December 19

Singapore morning news for December 19

Singapore morning news

Expect 30 to 40 per cent increase in fish prices; supply shortage ‘common’ over festive period, say fishmongers
Cynthia Choo 2 hours 41 min ago — Customers can expect a 30 to 40 per cent increase in fish prices over the
— Today Singapore

Tax cuts and deduction schemes will provide relief for business growth in 2019: PwC
The current minimum fund size requirement of $50m is too high for most
— Singapore Business Review

Singapore is Asia’s ninth costliest city for expats in 2018
The strength of the Singapore dollar pushed the city back into the global top 20.
— Singapore Business Review

Singapore business optimism wanes for Q1 2019
BUSINESS confidence among local companies moderated significantly for the first quarter of 2019, weakening for the second straight quarter.
— The Business Times

Singapore’s staggering healthcare costs may be pushing medical tourists away
Malaysia and Thailand offer more cost-competitive alternatives.
— Singapore Business Review

If Singapore’s ‘Unesco’ food hawkers are so good, why pay them so little?
At 61, Wang Ah Eng has been selling drinks to Singaporeans at Amoy Street Food Centre for 35 years. She started by helping her father and took over the stall allocated to him at Amoy when he died in 2000.
— South China Morning Post

PwC Singapore seeks more tax breaks for early-stage VC funding
PWC Singapore has suggested a new tax exemption scheme for early-stage venture capital (VC) investment with lower assets under management of about S$10 million to entice more VCs to bring overseas funds to invest in Singapore technology startups.
— The Business Times

Time to make active retirement policy work
IN MOST developed countries, a retirement of leisure is one of the great socioeconomic innovations of the past century. But it is quickly becoming a luxury that few countries can afford, particularly in Europe. The retirees enjoying a second youth may not want to hear it, but it is past time that governments made public pensions partly conditional on community work.
— The Business Times

Donated materials from Singapore Chin Kang Huay Kuan enriches the National Library Board’s collection
On Nov 14, Chinese clan association Chin Kang Huay Kuan (CKHK) donated a number of valuable documents to the National Library Board (NLB). It was the second major donation by a Chinese clan to the NLB this year, after a similar donation by the Singapore Lam Ann Association.
— Straits Times

Wish for more things nice, not naughty, for Singapore market
IT’S beginning to look a lot like Christmas, everywhere you go, but not for the Singapore stock market and its players.
— The Business Times

Turning A-grade school paper into recycling drive
It started as a school paper on local waste management that earned three Nanyang Technological University (NTU) undergraduates an A grade last year.
— Straits Times

Toyota to offer ‘Total-care Service’ to 1,500 Grab cars
ASIA’S biggest carmaker Toyota Motor is offering a service to Grab that will allow Toyota to collect real-time vehicle information to tailor fleet management, automotive insurance and vehicle management services for Grab in Singapore.
— The Business Times

Singapore all set to import poultry and livestock products from the Philippines
“The Philippines and Singapore agreed to fast-track agricultural trading negotiations to allow the export of pork, chicken and eggs, vegetables and shrimps to the tiny but rich country by early next year,” Agriculture Secretary Emmanuel F. Piñol said.
— The Independent sg

Singapore plantation sector set to rebound in 2019: DBS
DBS Research has an “overweight” rating on the Singapore plantation sector with Bumitama Agri, First Resources (FR) and Wilmar as its top “buy” picks.
— The Edge

Trendlines to launch agrifood tech centre in Singapore, invest in start-ups through US$40 mil fund
The Trendlines Group announced Tuesday it plans to open a Singapore-based innovation centre focused on developing agrifood technologies.
— The Edge

Tighter security in Orchard Road, Clarke Quay and Gardens by the Bay during Christmas period
Security measures will be stepped up in several popular spots across the island on Christmas Eve and Christmas Day.
— Straits Times

Former NSP chief Lim Tean issued writ of summons over unpaid loan of US$150,000 which he disputed
A writ of summons had been issued against former National Solidarity Party (NSP) chief Lim Tean over an unpaid loan of US$150,000 (S$205,641) which he disputed.
— Straits Times

Keppel Land to take 50% stake in development of second residential project in Jakarta for $57 mil
Keppel Corporation’s property arm, Keppel Land, has entered into an agreement with leading Indonesian property developer PT Metropolitan Land Tbk (Metland) to jointly develop a 12-hectare residential site in the Metland Menteng township in East Jakarta, Indonesia.
— The Edge

Malaysia to stop exporting four species of fish and shrimp following the announcement of possible reduction or halt in egg exports
Following the announcement on the possible reduction or halt of egg exports due to a shortage in its domestic supply, Malaysia has decided to also to cease exporting shrimp and four species of fish from 1 Jan to 28 Feb next year. Agriculture and Agro-based Industry Minister Salahuddin Ayub was reported by Bernama as saying …
— The Online Citizen

1 Lesson We Can Learn from Bitcoin’s Crash
Bitcoin’s price has crashed to Earth; what can we learn from the sudden plunge?
— Motley Fool sg

China honours Lee Kuan Yew for ‘long-standing’ support of its development
China on Tuesday honoured Singapore’s founding Prime Minister Lee Kuan Yew in recognition of his and Singapore’s long-standing support of China’s development.
— Channel News Asia

Lee Kuan Yew honoured posthumously by China on 40th year of opening up
China was told to learn from Singapore’s modernisation experience.
— Mothership

Infrastructure Protection Act (IPA) to take effect from 18 Dec, no unauthorised photography and videography of Protected Areas (PAs) or Protected Places (PPs)
The Infrastructure Protection Act (IPA), which is touted to be part of counter-terrorism strategy to protect Singapore’s critical infrastructure, and buildings that are iconic or have high public footfall, will take effect from 18 Dec 2018. The Act was passed in Parliament on 2 October 2017. The Ministry of Home Affairs (MHA) stated in a …
— The Online Citizen

Netizens angry with ICA for traffic jams at Tuas and Woodlands checkpoints
It was reported that over the weekend (14-15 Dec), a traffic nightmare came to life for commuters heading out of Singapore at both the Tuas and Woodlands Checkpoints. One passenger told ST that she had to endure an 8 hour journey simply to get to JB on Friday afternoon (14 Dec). Yesterday (17 Dec), the …
— The Online Citizen

New guided heritage walks for seniors led by seniors
Having lived near Balestier for much of his youth, retiree Jerry Low, 65, thought he knew the area like the back of his hand.
— Straits Times

Yes, you can find all these halal food places in S’pore via an app
The MuslimSG app is updated with the newest halal-certified eateries.
— Mothership

Negative reviews of skincare clinic spark threat of ‘legal action’
Some would-be customers of Dore Aesthetics were shocked to receive a lawyer’s letter threatening them with legal proceedings over their negative online reviews.
— Straits Times

Will Inflation Make Your Investments Perform Poorly?
Rampant inflation is a serious problem, and this article explores how inflation may impact your investments.
— Motley Fool sg

Longer HDB tenancy period for non-Malaysian non-citizen tenants
Home owners will be allowed to rent out their flat or bedrooms to non-Malaysian non-citizen tenants for a maximum of two years from Jan 1, 2019, the Housing and Development Board (HDB) said on Tuesday (Dec 18).This is up from the current 1.5 years.The revised tenancy period will …
— Channel News Asia

Weight gain and loss linked to earlier death among Chinese Singaporeans: Study
Significant weight gain or loss among middle-aged and elderly Chinese Singaporeans can increase the risk of an early death, especially from cardiovascular diseases.
— Straits Times

What Is A Circle Of Competence And How Does It Help In Investing?
Being aware of what you do not know greatly enhances the investment process.
— Motley Fool sg

Western Union mobile app launched in Singapore
Money remitter Western Union today announced the launch of its mobile app in Singapore – making it the third destination in Asia, after Hong Kong and Malaysia, where the app can be used for Western Union transactions.
— The Edge

PwC calls for tax incentives in Budget 2019 to encourage firms to go digital and Singaporeans to stay healthy
Should the healthy lifestyles of Singaporeans be rewarded via a national tax credit programme, with smart devices used to track their level of activity?
— Straits Times

Netizens are hoping Transport Minister Khaw Boon Wan doesn’t jinx the rail network with his comments on public transport
Speaking on the sidelines of an event about the upgrading of the North East Line (NEL), Transport Minister Khaw Boon Wan said that public transport has had a good year in 2018. Particularly, he noted that train reliability has improved significant, due in part to the new SMRT CEO Neo Kian Hong who Mr Khaw …
— The Online Citizen

Law firm Clifford Chance sets up innovation lab in Singapore
Law firm Clifford Chance has opened its Singapore innovation lab, Create+65, that would look for new legal technology solutions by bringing together venture capitalists, start-ups, product owners and developers, universities and private institutions, it said on Tuesday (Dec 18).
— Straits Times

Johor also affected by heavy traffic because of stricter ICA checks at Woodlands and the Second Link
Traffic has been unusually heavy at Woodlands and Tuas of late, with delays being reported of not only 4 to 5 hours, and a few reports saying they’ve experienced even 8-hour delays. It has gotten to the point that the Immigration & Checkpoints Authority (ICA) has advised travelers to check on One Motoring, site initiated by the […]
— The Independent sg

Singapore’s Top 5 Blue-Chips Offering Above-Average Dividend Yields
5 blue chips are offering above-average dividend yields – but does that make them a buy now?
— Motley Fool sg

 

Feature photo ASEAN Secretariat

This week’s Singapore morning news feature photo acknowledges International Human Solidarity Day, December 20.

 

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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With a decade of experience as an editor and journalist, Roy has edited mastheads across Australia and Southeast Asia, from the remote island communities of the Torres Strait to Cambodia’s only award-winning newspaper, The Phnom Penh Post.

A a professional photographer since the days of film, he holds a Bachelor of Arts in Photomedia and a Postgraduate Diploma in Journalism.

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