Daily Archives: February 12, 2016 (25 Articles Found)

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CDAC’s new training centre opens in Bedok on Sun

A new CDAC training centre will officially open in Bedok from Sun, as part of its effort to reach out to more students, workers, families and elderly in Singapore, CDAC said on Fri. Located at Bedok North St…

Bright spot amid haze crisis for bird-watchers

Last year, bird-watchers rejoiced at a spike in uncommon bird sightings in Singapore, but the reasons behind the rare visits could be sinister. The haze in the surrounding regions could have driven birds to seek refuge in Sungei…

Serial cheat who posed as lawyer to scam victims of $1.8m sentenced to more than 7 years’ jail

A serial cheat, who posed as a lawyer to trick 21 victims out of nearly $1.8 million, was sentenced to more than seven years’ jail on Fri. Sim Tee Peng, 39, had last month pleaded guilty to 23…

Build an SGH for the 21st century

The masterplan for the massive makeover of SGH is an ambitious attempt to keep pace with demographic and medical change. It will not be easy to keep Singapore’s oldest and largest hospital running smoothly while making extensive changes…

LTA: Bicycle licensing not practical

LTA has studied the licensing of bicycles and cyclists very carefully. The main benefit of licensing is to aid identification and tracking of errant cyclists. However, this requires that the registry of licences be regularly updated by licence…

Community action, installation of cameras help cut vehicle theft, loan shark harassment

While the overall number of crime cases went up last year, there were improvements in other classes of crime, where offences such as unlicensed-moneylending harassment and motor-vehicle thefts recorded decade-low figures. The police attributed the decline to the…

2 more senior staff quit Sports Hub, making 7 exits in 6 months

Another two members of senior management at Sports Hub Pte Ltd (SHPL) have parted ways with the consortium, with ­legal ­director Maud Brotons and Tan Ai Sim, head of HR, ­resigning from their positions. This marks the latest…

5 new otter pups for Bishan-Ang Mo Kio otters

Five new otter pups have been seen around Bishan-Ang Mo Kio Park, according to a FB post by user “Fast Snail”. In a video posted yesterday, Fast Snail wrote that it was the “first appearance of five new…

Multi-channel shopping gives malls a shake-up

With the rising trend of consumers buying lower-value goods online, shopping malls are likely to attract higher-priced fashion and beauty brands, while malls that integrate digital-savvy retailers are likely to gain market share, research from property consultancy JLL…

NLB should consider opening libraries around the clock

NLB should consider opening a few libraries around the clock, perhaps starting with the one at Orchard Road and maybe opening one at Changi Airport. There are several advantages in doing so. There are Singaporeans who may like…

The future of retail space in Singapore

Just recently, the topic of The Fourth Industrial Revolution (Industrial 4.0) triggered my imagination about Singapore’s future retail space, as one where brick merges with digital. What does this mean? Well, the concept of Industrial 4.0, to my…

6 skyline-changing buildings in Singapore

Worries about an economic slowdown haven’t dampened Singapore’s building boom, with a number of star architects designing stunning new projects that have not only won intl awards, but are set to alter the city’s skyline. One example is…

Shedding light on the occupancy rates of new condos

Vacancy rates for private non-landed homes climbed to 9.4% in 4Q2015, a 10-year high. The North East Region fared the worst, with vacancy rates of its condominiums hitting 16.5% in 4Q2015. This could be due to the completion…

Bargain-hunting continues in prime districts

With the stock market plunging, the economic outlook deteriorating and mounting speculation about another global financial crisis, it was no surprise that distressed sales in the prime districts continued to pop up in the first two weeks of…

Dim prospects, ABSD set to cut foreigner home buying again this year

The appetite for Singapore residential property among foreigners continues to diminish, depressed by higher purchase taxes and dim prospects for gains or returns. The number of private homes bought by non-resident foreigners (non-PRs) dropped 22 per cent to…

Rents of condos, HDB flats in Singapore up in Jan

Rents of private non-landed homes rose 0.2 per cent in Jan 2016 compared to a month ago, estimates from SRX Property show. The rent uplift in Jan for private homes came mainly from the city fringe or RCR…

Building productivity grants ‘temporary’: minister

MND Minister Lawrence Wong says construction productivity grants may not be always available. Speaking to reporters at the site of Crowne Plaza Changi Airport’s new 10-storey extension on Thurs, he said: “We see the grants as a very…

S-Reits still a choice pick, say analysts

Singapore-listed reits (S-Reits) continue to shine as safe havens amid turbulent markets, although some segments might see more challenges, say analysts. Reits have outperformed the STI this year, falling by about 2 per cent compared with the 11…

Train services on some stations on East-West Line to end earlier from Sun night

Some train services along the East-West Line will end earlier from Feb 14 to end Aug this year. According to SMRT, the affected train services are between Tanah Merah and Pasir Ris stations and between Joo Koon and…

5-room Pinnacle@Duxton unit fetches 2nd highest price ever of $1.07m

A five-room flat at Pinnacle @ Duxton was sold for $1,068,888 in Jan this year, according to statistics on HDB website. The unit is located on one of the levels from the 28th and 30th storeys at Blk…

Get ready to apply new accounting rules on leases: EY

Companies should be prepared for the challenge a new set of accounting rules relating to leases will require, said accounting giant EY. It warned that companies “should not underestimate the effort to implement these changes”, which come into…

Short-term space provider’s long view

A local business is looking to capitalise on other companies’ need to stay nimble and to wait out the looming economic slowdown. JustGroup, which rents out serviced offices and work spaces for the short term, intends to more…

Prospects for S’pore to be LNG hub ‘still favourable’

The protracted weakness in oil prices will likely be just a blip in the road for Singapore’s ambitions to become a regional LNG hub, say analysts and market players. They note that the longer-term prospects remain favourable, especially…

Bicycle licensing allows for better rule enforcement

I applaud Ms Amy Loh Chee Seen for her courage to speak up and share her concerns about accountability for cyclists’ actions (“Bicycle licensing necessary to curb errant riding”; Feb 3). Mr Lim Choong Pin said it would…

Here’s proof that SREITs are still better than government bonds

Singapore-listed REITs offer a safe haven for investors who are terrified of escalating market volatility, according to a report by DBS. DBS noted that SREIts have outperformed both the benchmark STI and property developers year-to-date, buoyed by demand…

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