Daily Archives: October 7, 2015 (19 Articles Found)

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HDB on Airbnb? Co-founder hoping it’s not a flat out ‘no’

This year alone, more than 30 million people booked travel accommodation on home and room-renting site, Airbnb. On the site, a dropdown list of “home types” invites travellers to book accommodation in anything from tents, caves and lighthouses,…

Handover of Punggol East accounts from WP ‘on track’

The handover of Punggol East SMC’s accounts from WP-run AHTC to Pasir Ris-Punggol Town Council has been progressing, and both parties are eager to “move on”, said Punggol East MP Charles Chong today. The handover is on track…

CDL’s Kwek Leng Joo among winners of President’s Award for the Environment

City Developments Limited (CDL) deputy chairman Kwek Leng Joo is among four winners to be conferred the President’s Award for the Environment (PAE) 2015, Singapore’s highest environmental accolade. Organised by MEWR, this annual award recognises individuals, educational institutions…

CEO and deputy’s investment in IHC ‘personal and independent’, says Oxley

Real estate developer Oxley Holdings on Wed clarified that the reported acquisitions in intl Healthway Corp (IHC) by its CEO and deputy CEO are “personal and independent investment decisions”. They added that the purchases do not have “any…

PEC issues profit warning on outstanding payment of $19 million from Jurong Aromatics

Specialist engineering group PEC has warned that it may log a net loss for the financial year of 2015, after assessing the impact of its client, Jurong Aromatics Corporation, being pushed into receivership. The mainboard-listed company said in…

Energy-hungry firms to get lean and green

Singapore’s largest energy guzzlers will be pumping in about $1.24 billion over the next five years to make their work processes greener. Their efforts which will include harnessing waste heat will not only make them more energy efficient,…

Crane at Bedok worksite keels over

A crane at a hawker centre being demolished in New Upper Changi Road toppled on its side at about 3pm yesterday. No one was hurt in the incident, which took place near the Bedok MRT station. A ST…

Designate train boarding doors for the elderly

The new train queue markings should take the elderly into account, and accord them priority in the queue. What would be better is for specific train doors to be designated for the elderly. These doors could be programmed…

Vision SG100: Floating cities in the sea

From my apartment, 20 storeys above the sea, I see Changi Airport straight ahead 8km to the north. Where the old container port used to be, Keppel Maritime City is silhouetted against a backdrop of a scarlet sunset…

Geylang bike shop catches fire

An electric bike shop in Geylang caught fire on Wed evening. Eyewitnesses said they heard two explosions coming from the shop at about 9pm. The shophouse is between Lorong 15 Geylang and Lorong 13 Geylang. No one was…

Primary schools win $5,000 Gardening Project prize

Loyang Primary School, Meridian Primary School and CHIJ Our Lady of Good Counsel, won $5,000 each for their entries in the SG50 School Gardening Project, a community project of the Singapore Turf Club (STC) and TNP aimed at…

URA revises GFA apportionment rules for common areas in mixed-use developments

To provide more clarity and certainty, URA has set new rules to apportion the Gross Floor Area (GFA) of common areas such as corridors, lift lobbies and staircases in mixed use developments. The apportionment of these areas is…

Does EC provide an arbitrage opportunity?

The battle of the ECs has begun. JBE Holdings will open its 525-unit EC project, Signature at Yishun, for e-application from Sept 11, with bookings to start from Sept 26. JBE is believed to be pricing Signature at…

Land costs hurting developers’ profits

Land costs in Singapore remain high but new home prices are falling. That spells crimped profit margins for developers, just as competition for land impedes their ability to restock at a reasonable cost, according to a new study…

HSR: Singapore, Malaysia launch ‘market sensing exercise’

Malaysia’s Land Public Transport Commission (SPAD) and Singapore’s LTA have jointly launched a “market sensing exercise” on KL-Singapore High Speed Rail (HSR) project. LTA on Wed, said that the two parties will launch a Request for Information (RFI)…

Still on track to reach KL in 90 minutes

The KL-Singapore High Speed Rail (HSR) project will be a game changer for both countries and our people. This is the most important bilateral cooperation project and can be exemplary for regional cooperation. I am honoured to co-chair…

SGX-listed firms expected to publish sustainability report from FY2017

Companies listed on SGX will be expected to publish sustainability reports on a comply-or-explain basis starting from Financial Year 2017. SGX said this will help meet growing demand from investors for more information on sustainable aspects of businesses.…

All is not lost for developer stocks even as home prices crash: analysts

A gloomy home price outlook is always a bad sign of things to come for developer stocks, but analysts say they have a reason to be optimistic. Although home prices are often used as the key indicator for…

These three REITs will be most vulnerable as office rents dip

Gone are the days when office landlords had the upper hand when it comes to negotiating rents. Singapore’s CBD will welcome a slew of new office completions in coming quarters, and rents are expected to fall as this…

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