Singapore Morning News For February 14

Singapore Morning News For February 14

Singapore morning newsSingapore economy expanded 3.6% in 2017; slower growth expected this year
SINGAPORE’S economy expanded 3.6 per cent last year – faster than initial estimates – thanks largely to strong growth in the manufacturing sector.
The Business Times

Singapore proposes e-payment guidelines to protect consumers
Singapore has proposed e-payment guidelines that it says are aimed at protecting consumers and driving wider adoption of such platforms in the country.

Hong Kong edges Singapore in data centre stakes for 2017, but not for long: Study
Singapore’s colocation and wholesale data centre market will reach US$1 billion in revenue by 2021, more than the US$900 million projected for Hong Kong over the same time period, 451 Research says.
Channel NewsAsia

Singapore developer looks past China for ‘global opportunities’
State-backed developer CapitaLand on Tuesday said it was seeking opportunities outside Singapore and China, where it may divest of more assets as it restructures its portfolio.
Nikkei Asian Review 

Singapore sees lowest workplace fatality rate since 2004
The workplace fatality rate in Singapore last year was the lowest since 2004, according to a joint press release by the Workplace Safety and Health (WSH) Council, WSH Institute and Ministry of Manpower (MOM) on Tuesday (Feb 13).
Channel NewsAsia

Is China now more hip than Singapore?
On the first day of Secondary 2, my Chinese teacher appointed me the Chinese subject representative after just a mere glance at the class register.
The Straits Times (paywall)

Singaporean study links genetic diversity of tumours with resistance to treatment in Asian lung cancer patients
Researchers say lung tumours Asian patients are surprisingly more complex than initially thought
South China Morning Post 

European builders to jointly bid for KL-Singapore high-speed rail
Four European industrial heavyweights, including Siemens and Alstom, have formed a consortium with Malaysian engineering company George Kent to bid for the 350km high-speed rail line connecting Kuala Lumpur with Singapore.
Nikkei Asian Review

Singapore cab company looks for new growth as ride-hailing spreads
With ride-hailing services hot on its heels, Singapore’s largest taxi operator ComfortDelGro is looking overseas for opportunities and also teaming up with Uber Technologies in its home market.
Nikkei Asian Review 

21-year-old man arrested for using fake S$50 notes
A 21-year-old Singaporean man has been arrested for using counterfeit S$50 notes on two separate occasions in February, police said on Tuesday (Feb 13).
Channel NewsAsia 

Why Singapore shouldn’t be Uhuru’s model of progress
The social and economic parameters upon which President Uhuru Kenyatta’s’ second term in office will be evaluated are well set in his ‘Big Four’ agenda items – food production, employment, housing, and health. However, the debate on how to achieve these four objectives is only just beginning.
Standard Media 

Singapore: LTA launches $18.8m Land Transport Innovation Fund
Singapore’s Land Transport Authority (LTA) has announced an $18.8 million (S$25 million) Land Transport Innovation Fund over five years to spur innovation and collaborative projects with industry partners for mobility-related research and trials in the country.

Singapore Awaits the Taxman as Aging Population Strains Economy
It looks increasingly a done deal that Singaporeans should brace for big tax changes in this year’s budget.

Singapore sees lowest workplace fatality rate since 2004
The workplace fatality rate in Singapore last year was the lowest since 2004, according to a joint press release by the Workplace Safety and Health (WSH) Council, WSH Institute and Ministry of Manpower (MOM) on Tuesday (Feb 13).
Channel NewsAsia

Singapore banks record $229.1M in fintech funds
Singapore banked a record high of US$229.1 million in fintech funding last years, fuelled by two major deals in the fourth quarter and the government’s goal to establish the country as a fintech hub.

Technology key to improving job satisfaction, say security officers
For the bulk of his last three years in the security industry, Mr Eric Holmberg spent up to 11 hours a day staring at footage from 50 closed-circuit cameras at a guard post, often dozing off due to boredom.
Today Online 

Adtech startup Postr closes $2.5m round led by Singapore’s Koh Boon Hwee
Advertising technology startup Postr has announced the close of a $2.5-million funding round led by an investment group of Singapore’s Koh Boon Hwee.

Singapore skyscraper will burst at the seams with greenery
Italy’s Carlo Ratti Associates (CRA) and Danish firm Bjarke Ingels Group (BIG) have collaborated on an interesting new skyscraper currently under construction in Singapore. Rising to 280 m (918 ft) the building will be jam-packed with greenery, and feature trees jutting out of its facade.

GIC steps up investment in real estate
The Singapore sovereign wealth fund is expected to invest more in real estate going forward as the returns are higher than other fixed income assets such as government bonds, experts say.
Channel NewsAsia (video)


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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.


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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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