Daily Archives: November 16, 2016 (18 Articles Found)

CDL geared for more acquisitions

OUE Commercial REIT Management appoints Wong Chin Ping as chief financial officer

Industrial space rents buck downward trend

Smart bins gaining traction in Singapore

Rubbish bins could one day be used to measure how clean the air is or how many people pass by an area. Mr Jason Kumar, co-founder of technology firm Terra Sol, said advances in sensor technology have made…

The Straits Times

Abe pitches Japan’s bullet trains to Malaysia

Japanese PM Shinzo Abe talked up the country’s iconic shinkansen with his Malaysian counterpart, Najib Razak, pitching a bullet train solution for a planned high-speed rail slated to connect Singapore and KL in 2026. “We had a very…

Nikkei Asian Review

Perk-up in developers’ private-home sales likely to continue in Nov

The revival in developers’ private homes sales last month – sparked by new launches Forest Woods and The Alps Residences and supported by sales from earlier launches – is expected to continue this month. Two new major condo…

The Business Times

Call to slow down escalators being evaluated

In Aug this year, a PTC report was released with recommendations to make rides more comfortable and less daunting for everyone, including families, seniors and wheelchair users. One of the report’s key recommendations was the reduction of escalator…

The New Paper

Man injured after toe gets caught on Bugis Junction escalator

A man was injured after his foot got caught on an escalator at Bugis Junction mall on Wed night. SCDF said it was alerted to the incident at around 9.15pm and that its officers on the scene within…

CNA

SMRT to upgrade 20-year-old trains in its fleet

SMRT will overhaul 20-year-old trains in its fleet as part to reduce incidence of train faults, it announced on Wed. The 19 German-made Siemens C651 make up Singapore’s second oldest fleet of trains which have been in service…

CNA

Are fewer dustbins, not fines, the better way to curb littering?

Despite years of anti-littering campaigns and penalties, the number of fines meted out for littering last year hit a six-year high – leading some to ask if there is a better way to keep Singapore clean, and not…

CNA

Tender for Singapore-KL HSR could be called for Q4 2017: Najib

The intl tender to supply trains for the Singapore-KL high-speed rail (HSR) could be called by the fourth quarter of next year, Malaysian PM Najib Razak said on Wed. Mr Najib, who had earlier held talks with his…

MyRepublic and Australian firm TPG shortlisted for fourth telco licence

Fibre service provider MyRepublic and Australian telco TPG have been deemed eligible to take part in the first of two spectrum auctions by the authorities, which will pave the way for a fourth mobile network operator to enter…

Land the size of 2 Toa Payoh towns to be reclaimed in Pulau Tekong using new method

Using a new method that “significantly” reduces the need for sand, the Republic is reclaiming land roughly the size of two Toa Payoh towns at the north-western tip of Pulau Tekong for military training purposes. The tender for…

Getting town councils to raise their game

Given that about 80 per cent of Singaporeans live in public housing estates, town councils are an integral part of Singapore life. Last month, MND initiated a public consultation on the proposed amendments to the Town Councils Act…

All three lifts at People’s Park Complex break down, forcing some to climb 30 floors

An unfortunate series of lift breakdowns at People’s Park Complex forced some residents to climb 30 floors back to their homes, reported Shin Min Daily News on Tues. All three lifts at the 31-storey complex broke down on…

AsiaOne

Free Wi-Fi at Orchard Rd ‘smart’ bins

These bins are unlike any you have seen. They are “smart”, act as Wi-Fi spots, send alerts when they need to be cleared and can show you where to shop. Ten of them have been placed along a…

AsiaOne

Residential site on Serangoon Road on the market for $50.8 mil

Freehold residential site located at 1177 Serangoon Road has been launched for sale by tender. According to Savills, the indicative price for the site is $50.8 million. The land belongs to a single owner and is located within…

The Edge

Banks are starting to change their home loan packages – should you be refinancing your home loan now?

A certain recently elected President might have caused the Asian markets to go completely bonkers for a day or so, but thankfully that same effect doesn’t usually apply that immediately when it comes to home loan interest rates,…

MoneySmart

CDL geared for more acquisitions

City Developments (CDL)’ lowly-geared balance sheet presents it with the ability to capitalise on acquisition opportunities, said RHB. According to the research house, CDL’s net gearing would improve to 19% (2015: 26%) post divestments, giving a healthy debt…

OUE Commercial REIT Management appoints Wong Chin Ping as chief financial officer

Wong Chin Ping, 40, is responsible for the preparation of statutory accounts, coordination with external auditors, managing tax affairs and treasury matters, and preparation of performance reports for investors and regulators. But her key role is to focus,…

Industrial space rents buck downward trend

Based on Colliers Intl’s research, the average monthly gross rent for business park premises on an islandwide basis bucked the general downward rental trend to register a 1.0% QOQ increase to $4.20 per sq ft in Q3 2016.…