Daily Archives: February 11, 2019 (17 Articles Found)

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No ‘chief culprit’ or ‘arranged incident’ behind Pireas-Polaris collision: MPA

There was no “chief culprit” behind last week’s collision involving the Greek carrier Pireas and a Malaysian government vessel, said MPA in a FB post on Mon evening. This is in response to false online allegations about the…

oBike’s new Costa Rican owner applies for licence to run e-scooter services under new firm

oBike’s new majority shareholder is aiming to become a global player in the PMD scene – but with a different brand. Founded by a young Costa Rican investor, Omni Sharing on Mon applied for a sandbox licence to…

Parliament: Costs at 7 new socially conscious hawker centres comparable to those at government-run centres

Hawkers at the seven new SEHCs pay rents that range from $750 to $3,700 a month. This works out to a median – the mid-point between a range – rent of $2,000 a month, Senior Minister of State…

UOB launches high street branch model at Faber House targeting ’emerging affluent’

UOB has launched its first high street wealth banking branch model at Faber House in Orchard Road to complement its online channels in a bid to better equip “emerging affluent” customers with investment knowledge. According to UOB’s analysis,…

Mechanical fault caused letterboxes to be left open in Bedok: SingPost

Letterboxes at a housing block in Bedok were left open due to a mechanical fault with a latching mechanism, SingPost said on Mon. The incident was first highlighted by Twitter user Tan Hui Yi last Fri. Ms Tan…

Toxic bacteria found on microplastics along Singapore’s coastline

Toxic bacteria that can cause infections on open wounds have been found on microplastics collected from three coastal areas in Singapore. NUS said on Mon its marine scientists found more than 400 types of bacteria on microplastics collected…

S-REITs poised to ride on wings of dovish Fed

DBS Group Research is keeping its “overweight” rating on Singapore REITs following more dovish comments from the US Fed. On Jan 30, the US central bank said it “will be patient as it determines what future adjustments to…

Singapore’s first-ever Starbucks store at Liat Towers reopens with a new look

If you remember having coffee hangouts or study sessions at the Starbucks outlet in Liat Towers, you’re probably old enough to get nostalgic about its recent revamp. If not, well, just know that the store was Singapore’s first…

Co-working operators Found and Collision 8 merge

Two local co-working operators, Found and Collision 8, have merged to form a new co-working operator called Found8. The new company comprises five locations covering 74,000 sqft in Singapore as well as an upcoming space in KL. Found8…

Three-storey shophouse in Tanjong Pagar going for $15 mil

A three-storey conservation shophouse in Tanjong Pagar is on the market for $15 million and being sold in an EOI exercise. Located at 67 Tanjong Pagar Road, the commercial property sits on a 99-year plot of 1,722 sqft,…

Spanish Village makes third collective sale attempt at $882 million

The freehold Spanish Village along Farrer Road has been launched for collective sale for the third time with no change to its indicative price of $882 million. Comprising 226 units, the development sits on a sprawling 331,457 sqft…

This research house has an unbearish view of local residential property market

Jefferies expects Singapore’s non-landed private residential price index to stay flat this year given rents are expected to improve about 2%, the supply pipeline is half of what the sector saw back in 2013 and resident population growth…

Siemens lands $111m deal to supply power systems for 2 MRT extensions

Siemens has clinched a $111 million contract to provide power supply systems for Circle Line Stage 6 and the NEL extension. The deal covers the delivery of AC and direct current electrification equipment for the two lines, as…

Strata Titles Boards to review mediation, arbitration processes

Disputes among condo owners over issues ranging from collective sale bids to water seepage could be more speedily resolved, with STB looking to improve its mediation processes. It said in its 2018 annual report released on Feb 1…

Building a green Singapore

In the concrete jungle of the CBD, a red flower-like structure stands out against the skyline. Called a wind scoop, it perches atop the 40-storey CapitaGreen and its “petals” draw in cooler, cleaner air that is funnelled through…

World’s first salmon ATMs in Singapore

Salmon lovers can now get the fish from the Norwegian Salmon ATM found at several locations around the island. The vending machines are operated by local company Norwegian Salmon. The machines offer ease and convenience by operating cashless…

Poh Ann Keng temple badly damaged after a fire

What should have been an auspicious day turned out to be an ill-fated one for a Taoist temple in Tampines. A fire at the Poh Ann Keng temple badly damaged the front hall, prayer altar and several statuettes…

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