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Lim Tean: What economic benefits does Singapore derive from granting KTV operators a $50K grant to "Pivot" into an "F&B" outlet?


The Independent Singapore News
Lim Tean: What economic benefits does Singapore derive from granting KTV operators.
Lim Tean: What economic benefits does Singapore derive from granting KTV operators a $50K grant to “Pivot” into an “F&B” outlet?
First time I m hearing about this grant. Why need to give grants so freely yet when asked to help the elderly cleaning the tables at hawker centre or help the elderly poor with monthly assistance, they talked and discussed for so long with plenty of reasons but yet refused to give out a cent, commented Facebook user Yeow H Tan on Mr Lim s post. ....

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Recovery relies on border restrictions easing


Recovery relies on border restrictions easing
Staff Reporter
© Provided by Singapore Business Review
Over a year into the COVID-19 pandemic, the recovery of Singapore’s hotel and tourism industry still has a long way to go due to the uneven situations in different parts of the world, hindering international travel, and the relaxation of border restrictions.
The tourism and hospitality sectors have been some of the hardest hit ever since the implementation of the circuit breaker period in Singapore in 2020, as almost all incoming travel to the island state was prohibited. Whilst some businesses managed to continue operating under strict safety measures, others had to shut down for a period of time. ....

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Singapore and UK start negotiation talks on a digital economy


Singapore and UK start negotiation talks on a digital economy
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Singapore and the United Kingdom have negotiation talks on a digital economy agreement, UK-Singapore Digital Economy Agreement (UKSDEA).
According to a statement by the Ministry of Trade and Industry, Ministry of Communications and Information and the Infocomm Media Development Authority, the new partnership will look to facilitate digital trade and open up new opportunities do enable business digitally between Singapore and the UK. This will include establishing “forward-looking rules” to enable trusted cross-border data flows, prohibit data localisation, and ensure high standards in data protection.
With the thriving innovation ecosystems in the UK and Singapore, the partnership will also explore the use of emerging and innovative technologies such as Artificial Intelligence (AI). ....

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Gan Kim Yong to remain as co-chair of COVID-19 task force


Gan Kim Yong to remain as co-chair of COVID-19 task force
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Gan Kim Yong to remain as co-chair of COVID-19 task force
Health Minister Gan Kim Yong speaking at a press conference by the COVID-19 multi-ministry task force on Apr 30, 2021. (Photo: Ministry of Communications and Information)
11 May 2021 02:50PM)
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SINGAPORE: Minister for Health Gan Kim Yong will continue to co-chair the COVID-19 multi-ministry task force after he moves to the Ministry of Trade and Industry on May 15. 
Transport Minister Ong Ye Kung will take over the Ministry of Health (MOH) portfolio. Mr Gan will remain as co-chair of the task force together with Mr Ong and Minister for Education Lawrence Wong.  ....

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Vaccine maker BioNTech to set up regional HQ, manufacturing site in Singapore


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BioNTech s Singapore office is expected to be operational in 2023 and will create at least 80 jobs. AFP
Vaccine maker BioNTech to set up regional HQ, manufacturing site in Singapore
Tue, 11 May 2021
BioNTech, the vaccine maker that has partnered with Pfizer on its Covid-19 shot, will be designating Singapore as its regional headquarters for Southeast Asia, and will set up an mRNA manufacturing facility in the city-state.
It plans to open its Singapore office and start the construction of the manufacturing facility this year, subject to planning approval. The site is expected to be operational in 2023 and will create at least 80 jobs, the German company said on May 10. ....

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