August 23 morning round-up:

1. PMW minimum wage and inclusive growth
Is the progressive wage model too slow to execute? Some are calling for a complementary minimum wage.

2. IBM’s Red Hat tipped to lease almost 60,000 sq ft at CapitaSpring
About 90% of the 635,000 sq ft office space in the project is said to be committed or in advanced negotiation.

3. US-Vice President Kamala Harris arrives in Singapore
Kicking off an official visit to South-east Asia, US-Vice President Kamala Harris arrived on Air Force Two on Sunday before departing on Tuesday for Vietnam.

4. New opportunities open to Singapore businesses in Africa
Africa has been identified as a growth market for Singapore companies especially with new opportunities arising from the scaling up of the African Continental Free Trade Area Implementation.

5. Cancer drugs and MediShield Life: In search of long-term sustainability
On a national level, spending on cancer drugs has been growing at a compound annual growth of 20 per cent compared to 6 per cent for non-cancer drugs.

6. Lack of infrastructure, incentives could put the brakes on Indonesia’s EV development
Investment into EV charging could be huge with the need for sufficient coverage of charging points to push EV adoption. Financial incentives may also be needed to encourage switching.

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