Daily Archives: April 6, 2016 (34 Articles Found)

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Property Tax – what, where and how much to pay

Passive income, financial independence – scratch that – financial liberty! Property has over the last few decades grown into a highway to vast riches. Nonetheless, there is no such thing as a free lunch not even in this…

GuocoLand announces more tenants at Guoco Tower

GuocoLand has announced some new tenants that it has clinched for Guoco Tower, the 890,000 sqft office component of its Tanjong Pagar Centre integrated mixed-use project that is nearing completion. These include AccorHotels, which will relocate its APAC…

Ascendas Hospitality plunges after calling off sale process

Ascendas Hospitality Trust fell by a record after the hotel owner called off plans for a sale. Units of the trust fell as much as 14 percent in Singapore trading Wed, the most since its July 2012 listing,…

MPA gives 10% concession on port dues for bulk carriers

More help is at hand for the ailing shipping industry, with MPA granting bulk carriers a 10 per cent concession on port dues. The concession, to come into effect on Apr 15, will be implemented “in view of…

OUE H-Trust’s rights issue 140 per cent subscribed

OUE Hospitality Trust (OUE H-Trust) said on Wed that its rights issue, which closed on Mon, was nearly 140 per cent subscribed. OUE H-Trust is a stapled group comprising OUE Hospitality REIT (OUE H-REIT) and OUE Hospitality Business…

Lift in Ang Mo Kio suffers glitch again, this time due to plastic studs

Just a week after a malfunctioned lift in Ang Mo Kio resumed operation, it was spotted on Mon with its doors jammed half open. But Ang Mo Kio Town Council has clarified that the glitch was due to…

New sewage and water reclamation infrastructure for western Singapore

PUB is looking for industry partners to design and construct a new water reclamation plant in Tuas, as well new sewer tunnels to serve the western part of Singapore, in the second phase of the Deep Tunnel Sewerage…

Little India to get more community spaces and its own online marketplace

Despite already being a popular tourist attraction, Little India is getting a push with new community spaces and its own online marketplace. Two unused plots of land in the precinct will be set aside for community activities over…

Create more inclusive spaces for parents, not just for kids

I congratulate Kindle Garden on pioneering an inclusive pre-school and setting aside 30 per cent of places for children with special needs (“Waiting list for inclusive pre-school”; last Fri). To make Singapore more inclusive, we need to create…

Clear rules on right of way on roads needed

Rule 22 of the Highway Code requires pedestrians to monitor traffic in multiple directions, but does not specify the distance to check (“Pedestrians with right of way ‘must still share responsibility'”; Mar 19). If a crossing takes 30…

Litter still a big problem

Is NEA having problems with the deployment of cleaners or is it facing a shortage of workers? I notice that Singapore is getting dirtier by the day. For the past few weeks, the places that I pass by…

Fibre line damage: NetLink Trust replies

We take a serious view of any service disruptions that are caused by our contractors and we do penalise any contractor who has been found negligent in his duties (“What happens when contractors damage someone else’s fibre line?”…

5 teams shortlisted for automated baggage handling at Changi Airport

Getting a piece of luggage from an airport check-in counter to the plane can be a labour-intensive, back-breaking affair. Workers have to scan each bag manually and physically load them onto trolleys and the aircraft. To improve productivity,…

Specialised hub for precision engineering could be in the works

Speaking to CNA, chairman of the Singapore Precision Engineering and Technology Association (SPETA) Jeremy Fong said that precision engineering could be the next industry grouping in Singapore with a specialised hub facility. Integrated hubs which house firms from…

Nearly 160 stalls at Chinatown Street Market to be refurbished

To improve visitor experience and safety, close to 160 stalls at Chinatown Street Market will be refurbished in phases starting from the end of the year. Launched in 2004, Chinatown Street Market was designed to offer visitors a…

Measures in place to prevent a repeat of Little India riot: MHA

MHA has measures in place to safeguard against a repeat of the Little India riot, said the ministry’s Senior Minister of State Desmond Lee on Wed. “These measures include improved lighting, installation of additional police cameras, and daily…

Visitors stuck on Battlestar Galactica ride in USS

Thrill seekers on the Battlestar Galactica: Human vs Cylon rollercoaster at USS were stuck in mid-air when a technical error struck on Wed afternoon. RWS, where the theme park is located, told TODAY that the incident happened at…

LinkedIn opens data centre in S’pore, its first outside US

Professional networking platform LinkedIn on Wed unveiled its new data centre in Singapore, its first outside US. The new centre, which went online in last month, occupies a 23,500 sqft lot in Jurong, and processes all of LinkedIn’s…

Automated clearance facilities for motorcyclists entering S’pore by year end

By the end of the year, motorcyclists entering Singapore will go through automated clearance facilities whereby their passports are verified by a machine and thumbprints are scanned for identity authentication similar to the system at the airport. Announcing…

Home Team to use data from ERP systems, road cameras to counter security threats

Data from public transport video cameras and ERP system will be used by Home Team officers to counter terrorism and serious crime amid a heightened threat environment, said Home Affairs and Law Minister K Shanmugam in Parliament on…

SMRT on right track to enhance its safety systems

There are potential and foreseeable hazards in all workplaces. Employers must therefore do a thorough site review regularly. By establishing a review committee to enhance its safety systems, SMRT is on the right track. Safety systems can be…

Home size should not determine Silver Support payouts

The Silver Support Scheme’s main objective is to help eligible lower-income seniors aged 65 and above. Those who are frail should be given higher payouts to alleviate their medical expenses. The type of public flat that senior citizens…

Bidadari the next Bishan?

One is a 30-year-old town with a bustling shopping centre and transport hub, while the other is an up-and-coming estate which, when built, will have an underground bus interchange, and a park with a lake and cycling paths.…

Timbre tunes in to food

Food may not be the first thing people think about when it comes to the Timbre Group. It is better known for its live music venues, music festivals and pizza parlour 12-inch Pizzas & Records. But that is…

Rise in major breakdowns but MRT gets more reliable

There were 14 major breakdowns on the MRT network last year, an increase of 40 per cent from the previous year, LTA announced on its website yesterday. Meanwhile, the number of such breakdowns, each lasting more than 30…

De Souza calls for ABSD to be removed for Singaporeans

MP Christopher de Souza reiterated his call for the government to take a gradual approach in easing property cooling measures. Speaking in Parliament on the second day of the Budget debate on Tues, he said that a review…

Crane topples: ‘Boom could have cut building in half’

It was just after 6pm yesterday and the loud screeching sound instantly caught his attention. Peering out of his office window, the executive, who wanted to be known only as Mr Tan, said he saw dozens of workers…

Parliament: Flat owners with financial difficulty may get mortgage concessions

Flat owners with financial difficulties may be offered a temporary reduction or deferment of their mortgage instalments to help with their financial situation. Minister of State for National Development Koh Poh Koon told Parliament on Wed that HDB…

SingHaiyi’s controlling shareholder strikes share deal with OKH Global

Haiyi Holdings Pte Ltd (HHPL), the controlling shareholder of Catalist-listed property developer SingHaiyi Group, has struck a conditional agreement to subscribe for 500 million new shares in mainboard-listed property developer OKH Global Ltd at S$0.10 apiece. Under a…

Asia Square could sharpen CCT’s edge

Capitaland Group, including its office reit CapitaLand Commercial Trust (CCT), was one of the earliest to eye Asia Square, a completed Grade A office development owned by a BlackRock-managed fund. CapitaLand implied that it exited the negotiations because…

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