SGX Stock Recommendations : Epic Research Singapore

MARKET UPDATES :

• BUSINESS costs and manpower remain key areas of concern for businesses, according to the pre-Budget survey conducted by the Institute of Singapore Chartered Accountants (ISCA).Of the government schemes, businesses find the Productivity and Innovation Credit (PIC), PIC Bonus, WCS, and PIC+ for qualifying SMEs to be relatively more useful for raising productivity. Businesses express the desire for such schemes to remain for at least three to 10 years, in order for businesses to be effective in raising productivity, said ISCA on Tuesday.

• THE Singapore government is currently reviewing the Prevention of Corruption Act and will beef up the manpower of the Corrupt Practices Investigation Bureau (CPIB) by more than 20 per cent.These and other initiatives were announced by Prime Minister Lee Hsien Loong at the inaugural “Integrity in Action” public service values conference organised by the CPIB and the Civil Service College. Mr Lee also announced the setting up of a new one-stop corruption reporting centre – likely to be housed in the city area – so that complaints can be made more discreetly and in a more accessible manner. This reporting centre will be co-located with a permanent heritage gallery to educate members of the public.

• Singapore’s non-oil domestic exports in December were expected to fall versus a year earlier, a Reuters poll found, after recent business surveys showed the global economy ended 2014 on weak footing.Singapore’s non-oil domestic exports (NODX) in December were expected to have fallen 2.3 per cent from a year earlier, according to the median forecast in the survey of 12 economists, after rising 1.6 percent year-on-year in November.

• Singapore Press Holdings (SPH) through its new $100 million media fund has invested in Netherlands-based Crowdynews, a social media curation platform for media companies that just raised €2.5 million (S$3.9 million) in its first round of venture capital funding. It plans to use the funds to continue its global expansion with media and newspaper companies. Customers include the Chicago Tribune, Washington Times, AccuWeather and hundreds of other media outlets around the world.

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