Daily Archives: November 12, 2018 (15 Articles Found)

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Mahathir raises water issue cautiously at Singapore meeting

Malaysian PM Mahathir Mohamad raised contentious bilateral issues on Mon with his Singaporean counterpart Lee Hsien Loong, even as both leaders vowed to strengthen ties and to cooperate regionally. Visiting Singapore ahead of an annual meeting of Asian…

AMKTC trial: I told director remitting money to former town council GM’s mistress was ‘risky’, says witness

The company director accused of bribing former AMKTC GM Victor Wong Chee Meng had given instructions to remit money to Wong’s mistress, a witness told the court on Mon. The witness, Mr Tay Eng Chuan, also said he…

MRT security screening trial starts: Commuters grumble but LTA says majority won’t experience delays

As commuters filed into Little India MRT station at around 10am on Mon, some were selected to place their bags through an X-ray scanner and walk through a metal detector. They were randomly picked to undergo checks on…

ICA to introduce multi-biometrics screening at checkpoints from Apr 2019

Travellers with faded fingerprints will soon not have to worry about getting stuck during immigration clearance. From Apr 2019, ICA will progressively deploy a new screening system which uses three biometric identifiers – fingerprints, facial and iris –…

Two Pagoda Street F&B shophouses up for sale at $32.8m

Two conservation shophouses in Pagoda Street are up for sale at $32.8m via EOI, JLL revealed. Both properties in 31 and 76 Pagoda St are three-storey shophouses wherein the latter has an attic. The freehold property in 31…

Frasers Property profits for FY 2018 up 10.1% to $759m

Frasers Property saw its profit jump 10.1% YoY from $689.1m to $759m for its FY 2018. Revenue for its Singapore strategic business unit (SBU) skyrocketed 58% to $1.36b whilst its PBIT climbed 18% to $481m pushed by the…

Keep libraries open 24/7 and on public holidays

In the light of NLB wanting to make libraries more accessible, I suggest it consider keeping the libraries open 24 hours and on public holidays as well. Our public libraries open till 9pm daily and are closed on…

One piece of contaminated plastic can taint the whole recycling bin

Many Singaporeans are still unaware of the type of plastic that can be recycled. In fact, only a meagre 6 per cent of our plastic waste is recycled. Without having proper knowledge of recycling, uninformed Singaporeans tend to…

More concrete to set own climate change targets

Climate change has always been a pressing issue in Singapore. It is heartening to note that more people have been stepping up to do their part for the environment. However, it is important for us to walk the…

Standardise cashless payments

Singapore needs to step up its game in terms of going cashless. It is common to find certain shops or even restaurants not accepting Nets payments, or accepting Nets only with a minimum amount spent. I have also…

Investors’ outlook remain bleak as dropping yields hit property sector

Investors who once found a safe haven in Singapore’s property market are rethinking their strategies after the surprise cooling measures introduced in July is increasingly weighing on the returns of their real estate assets. Although investors have traditionally…

Shell adds local flavours to upgraded Shell Select stations

Laksa pasta and a fleet management mobile app may seem worlds apart, but they represent two prongs of Shell’s retail strategy in Singapore: revamped petrol stores and an evolving fleet solutions business. At the flagship Shell Select on…

Thomson Medical seeks to spin off property businesses

Thomson Medical Group unveiled a proposal before trading opened on Mon, to spin off its real estate business to existing shareholders via a distribution in specie by way of capital reduction. It added that its real estate business…

Hotel room revenue up 9.4 percent to $1b in Q2

Data published by the Singapore Tourism Board on Fri shows that overall accommodation expenditure by foreign visitors here grew by 6.0 percent year-on-year to $1.48 billion in the second quarter of 2018. In particular, gazetted hotel room revenue…

Singapore’s west beckons

Singapore’s west is undergoing an exciting metamorphosis, and investors would do well to put this region firmly on their radar. At the 360-hectare JLD, there are plans to develop it into Singapore’s largest commercial centre outside the CBD…

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