Daily Archives: March 23, 2015 (22 Articles Found)

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Mr Lee Kuan Yew was ‘architect of our modern Republic’ says President Tony Tan in condolence letter

President Tony Tan Keng Yam on Mon morning conveyed his condolences to PM Lee Hsien Loong on the death of his father, Mr Lee Kuan Yew. Dr Tan noted that the former PM, who died in the early…

Singapore Reits offer value against HK, US peers

As the US Federal Reserve prepares to hike interest rates for the first time since 2006, there are differing views on the impact on Singapore Reits. On the one hand, the effect of the rate hike on Reit…

Our Mentor, Our Inspiration

Our founding PM Mr Lee Kuan Yew has passed on. My Ministry has lost its greatest mentor and inspiration. Mr Lee devoted his whole life to Singapore. Singaporeans owe much of what we have in Singapore today to…

Policies for the bedroom and beyond

Mr Lee Kuan Yew did not seek to remake only Singapore; he wanted to remake Singaporeans too. His government’s social engineering efforts ranged from changing social habits that were a legacy of coolie ancestors to even, controversially, who…

From mudflat to metropolis

The singular motif in Mr Lee Kuan Yew’s blueprint for this unlikely city-state’s success was an unrelenting drive to be outstanding and the visionary knew the most dramatic display of this, following independence, would be by swiftly metamorphosing…

Community sites for tributes to open from tomorrow

Eighteen community sites will be set up for members of the public to pay tribute to former Minister Mentor Lee Kuan Yew, who died early this morning at the age of 91. The first four official community sites…

PUB moves to protect desalination plants from algae in seawater

With the drier weather conditions of late, PUB has for the first time installed silt curtains at the waters off Tuaspring and Singspring desalination plants, to protect the plants’ reverse osmosis membranes from higher levels of algae in…

Retail scene here lagging behind regional rivals

I refer to the report that Dubai-based conglomerate Al-Futtaim Group will close two John Little stores and a Marks & Spencer outlet in the months ahead (“S’pore’s retail sector ‘unsustainable, with too many malls’”, Mar 18). I share…

Local retail businesses struggling with high costs

I read with concern the reports “S’pore’s retail sector ‘unsustainable, with too many malls’” and “Trouble ahead for stores as e-shopping bug bites” (Mar 18 and Mar 21). Despite the economies of scale, prices in local stores cannot…

Off-peak car schemes need fine-tuning

It is heartening to read that more people are using public transport. What would be ideal is if people can own cars to serve their ad hoc needs, but use public transport for their daily commute. Every day…

Flags across Singapore fly at half-mast as mark of respect for Mr Lee Kuan Yew

State flags on government buildings across Singapore will be flown at half-mast for the seven-day mourning period from Mar 23 to Mar 29 for founding PM Lee Kuan Yew, who died on Mon at the age of 91.

Mandai Crematorium to expand to meet demand

The Mandai Crematorium is slated to be expanded by 2019 to make sure it can continue to meet the nation’s demand. The existing complex has four service halls, four viewing halls, four waiting halls and one cremation hall…

Salute to titan who turned island into First World nation

Me Lee Kuan Yew is a colossus in the stupendous transformation of a backwater Third World island into a First World nation. He was the stalwart leading the charge to make a definitive difference to the lives and…

Tray-return areas: NEA replies

We thank Mr Ong Khoon Keat for his letter (“Redesign tray-return areas”; last Mon). Since 2012, tray return has been implemented in more than 70 hawker centres, and will be extended to the remaining hawker centres with cooked…

Continued efforts needed to prevent another rat infestation

The bare hill where nature has been destroyed to prevent another rat infestation is an eyesore (“Bukit Batok’s rat horror days are over”; last Fri). Efforts are needed to educate nearby shops on proper refuse disposal procedures. Improper…

A property agent’s worst nightmare

For the first time since my husband and I became home owners in 2009, we have been house hunting in a falling property market. We dreamt of property agents anxiously courting us, while we leisurely browsed through a…

Sharing chic office spaces

It is not the most glamorous entrance. To get into Workhouse, a new co-working space, you need to pick through a back alley in Veerasamy Road before arriving at a nondescript-looking metal door that leads into a shophouse.…

Hospitality REITs were the worst performers last week with 0.7% pullback

Hospitality REITs were the the worst performers in the REIT sector last week, pulled down by Far East Hospitality Trust (FEHT) and Ascott Residence Trust (ART). Data from RHB Securities show that Hospitality REITs decline 0.7% week-on-week. FEHT…

Centurion shelves proposed REIT listing

Centurion Corporation revealed last Fri that its proposed REIT listing will be indefinitely delayed. Centurion noted that the SGX considers a proposed REIT listing as a chain listing, whereby the assets to be injected make up more than…

Rental growth window narrowing for CapitaCommercial Trust

CapitaCommercial Trust will be hard-pressed to raise rents further starting 2H15, which could dent the firm’s robust stock outperformance. According to BNP Paribas, CCT has outperformed the S-REIT index by 16% in the past 12 months and the…

KepLand privatisation bid almost in the bag for Keppel Corp

Keppel Corp’s $3.2b privatisation bid for KepLand is almost, but not quite, in the bag. With a little over three days left before the second closing date on Mar 26, Keppel Corp reported last Fri evening that it…

More Southeast Asian buyers eyeing prime homes in District 1

District 1 is becoming a property hotspot for foreign buyers from other Southeast Asian countries excluding Malaysia and Indonesia. Data from DTZ show that a total of 127 purchases from these buyers were lodged in 2014, with most…

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