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Daily Debrief: What Happened Today

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The government also expects Temasek to uphold the highest standard of integrity and corporate governance.

Temasek expected to raise issue over any suspicions in audited accounts of its portfolio companies
SINGAPORE investment company Temasek Holdings can be expected to query portfolio companies during shareholders' meetings when it spots something suspicious in audited accounts, said Senior Minister of State for Finance and Law Indranee Rajah in Parliament on Tuesday.


Government aims to cut its late payments to businesses to below 5% from 6.5%
FROM 2018, all businesses that transact with the government only need to submit their payment details once. This means businesses do not have to submit their business details every time they transact with a different government agency.


Singapore to launch nationwide e-invoicing framework for businesses
BUSINESSES will soon be able to adopt a nationwide, interoperable electronic invoicing (e-invoicing) framework that could help them process payments more efficiently and increase productivity at work.


Singapore to start first cybersecurity startup hub
DUBBED Innovation Cybersecurity Ecosystem @Block 71 (ICE71), the hub will open its doors to cyber security entrepreneurs next month (April).

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Market voices on:


Sharp drop in water use in Singapore; water price hike among factors
Daily household water consumption per person fell from 148 litres in 2016 to 143 litres last year, said Mr Masagos Zulkifli, Minister of the Environment and Water, in Parliament on Tuesday, during the debate on his ministry's budget.


Singapore O&G settles dispute with former director; to receive S$1.25m
SINGAPORE O&G Ltd said on Tuesday that its former lead independent director, Christopher Chong Meng Tak, has agreed to pay the company S$1.25 million to settle a dispute.


Corporate Earnings


The STI today

Singapore shares rally 1.6% as jitters over trade tariffs ease
After opening at 3,475.40, the Straits Times Index rallied to close at 3,491.92, up 53.31 points, or 1.55 per cent.