Daily Archives: October 26, 2015 (23 Articles Found)

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Do people really understand property price indices?

The rise and fall of prices is standard fare during casual conversations or discussions among intelligent- sia. In the case of stocks, when prices rise, the consumption of goods and services increases as discretionary spending increases. For property…

Boost for Changi with 100 new flights till year end

More flights and new destinations will open up for travellers from Changi Airport as airlines ramp up after a period of slowdown. From now until the end of the year, about 100 new flights in and out of…

Pure Fitness to shut its Knightsbridge gym on Dec 15; Apple store set to open at Orchard mall

Members of a popular gym chain in Singapore were told on Mon that one of its two gyms will close in seven weeks’ time. In two e-mail messages sent out to members, the management of Pure Fitness said…

Water pipe leak in Bedok on Mon morning leaves 9 residential and commercial units stranded till 2pm

A water pipe leak near Jalan Tua Kong in Bedok on Mon morning left nearby households, offices and a coffeeshop without water. PUB said that it was informed of a water mains leak at the junction of Jalan…

Beware of falling poles in strong winds

Retiree Yeo Boon Kwee returned to his four-room flat one day last month and found glass splinters all over his bathroom floor. A bamboo pole from his neighbours’ flat above had fallen off the clothes-drying rack and punctured…

Singapore to get its own ‘cherry blossoms’

Singapore will soon have “sakura blossoms” in its backyard, as trees with pink, white and purple flowers are set to dot parts of the upcoming Jurong Lake Gardens. The west side of the gardens will be lined with…

Focus on building design to cut air-con use

Much effort has been spent on reducing Singapore’s carbon footprint. From Sept next year, it will become mandatory for air-conditioners to have a minimum energy-efficiency rating of two ticks to meet higher energy-saving standards. This Minimum Energy Performance…

Only low-powered, LTA-approved e-bikes allowed on public roads

We thank Mr Edwin Pang for his feedback (“Take firm action against modified e-bike users, shops”; Oct 12). LTA takes a serious view of the use of unapproved or illegally modified motorised bicycles on public roads. For safety…

Singapore’s electricity market to be fully liberalised in H2 of 2018

Singapore’s electricity market will be fully liberalised in the second half of 2018, allowing households to have more choice in their power consumption, MTI Minister Mr S Iswaran said today. EMA hopes to achieve “full retail competition” which…

How far can pigs fly?

On Oct 17, MND Minister Lawrence Wong told the press that it is still not time yet to unwind the cooling measures. Price adjustments so far have been moderate compared to the increase in prices in the past…

Take a walk through history

When you take part in the special SG50 Jubilee Big Walk this year, you’ll get to cross a special bridge. It is called the Jubilee Bridge, one of Mr Lee Kuan Yew’s last legacies. Singapore’s founding PM had…

Singapore to liberalize gas market to bolster Asia LNG trading hub plans

Singapore plans to establish a domestic natural gas trading market to help support plans to become a centre for trading liquefied natural gas (LNG) and take advantage of the growing importance of the fuel in Asia’s energy markets.…

NEA, Hyflux-Mitsubishi consortium sign waste-to-energy services deal

NEA on Mon signed a waste-to-energy services agreement with a consortium comprising Hyflux and Mitsubishi Heavy Industries (MHI). The consortium, through its project company, TuasOne Pte Ltd, will build Singapore’s sixth waste-to-energy (WTE) plant and will provide waste-to-energy…

Catching rats

There was another disruption this morning. Such breakdowns tarnish our reputation, and we are re-doubling our efforts to improve train reliability. Singaporeans deserve better. Mr Tan Gee Paw sent me this email recently. His years of experience and…

The symbol of Singapore: The Merlion

It has the head of a lion and the body of a fish and many tourists make it a note to visit the Merlion for a must-have holiday snapshot. Tourists CNA spoke with described the creature as a…

New centre to facilitate joint training between SPF, SCDF

A new Home Team training centre opened on Mon will help facilitate realistic and regular joint training between SPF and SCDF. With Home Team officers required to face increasingly complex, high-risk missions at all hours of the day,…

Stem cell bank for public opens

A stem cell bank allowing members of the public to store their own stem cells for the future will open on Tues. The new facility, called Stem Med, is located in Pasir Panjang and allows doctors to harvest…

Free bus services islandwide in wake of NEL disruption

Free buses services were activated at affected stations amid a two-hour disruption to train services on the NEL on Mon morning and the offer of free bus rides was later extended to all bus services islandwide until 9.30am…

Train service on North East Line disrupted for 2 hours due to power fault

Train service was disrupted along the North East Line for nearly two hours on Mon from the start of service to the beginning of the morning peak due to a power fault, said SBS Transit. The transport operator…

Check out how Housing & Utilities dragged Singapore’s CPI

Pressure on residential property prices and rentals have kept the housing market red hot, and consequently had the greatest contribution to the inflation rate and it’s not even close. According to analysts from Maybank Kim Eng, Housing and…

Not so fast: Twin headwinds threaten to pummel Suntec REIT

This season saw the property conglomerate bank on the robust performance of its recently completed Suntec City Mall redevelopment, but double headwinds could pull the rug from beneath Suntec REIT. According to analysts from DBS, the retail sector…

Patience is key: Investors’ holding power tested as interest rates rise and rents fall

As investors stubbornly await for cooling measures to be lifted, they may have to wait for a little while longer, as holding costs rise in tandem with interest rates, and rents are likely to remain soft. According to…

The rise of virtual office and co-working in Singapore

Singapore is rapidly growing as a business hub, making it attractive for local startups and SMEs to kickstart their business and expansion plans into the region. According to the Startup Ecosystem Ranking 2015 report, Singapore’s startup ecosystem is…

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