Daily Archives: February 21, 2019 (11 Articles Found)

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CapitaLand taking step back from Singapore housing sector unless price is good

CapitaLand, which is planning to launch two Singapore residential projects this year, does not expect to actively look for opportunities in the sector unless it can get “good pricing”, said the group’s CEO and president, Lee Chee Koon.…

NEA calls for tender for food waste conveyance system at Our Tampines Hub hawker centre

NEA is calling for tenders for the installation and maintenance of an automated food waste conveyance system at Our Tampines Hub (OTH) hawker centre. The pilot project is part of current food wastage reduction and recycling efforts at…

Proptech or TechProp? OrangeTee announces their digital transformation

At the annual OrangeTee Business Conference 2019 on 20th Feb, OrangeTee & Tie (OTT) announced an industry-changing initiative to transform their business into a TechProp company. Steven Tan, MD of OTT, hails the company as a TechProp company,…

Roxy-Pacific posts 27% drop in 4Q earnings to $5.9 mil on lower revenue, higher expenses

Roxy-Pacific announced that its 4Q18 earnings have declined by 27% to $5.93 million, compared to $8.14 million in 4Q17. Revenue for 4Q18 was 29% lower at $30.8 million from $43.3 million in the previous year, mainly due to…

41 people died in 2018 after suffering injuries in the workplace: MOM

Forty-one people suffered fatal injuries while at work in 2018, while the overall number of workplace injuries rose last year, according to MOM’s WSH Report released on Thurs. The overall number of workplace injuries rose from 12,498 cases…

LTA impounds 199 PMDs from e-scooter sharing firms Telepod and Neuron Mobility

E-scooter sharing firm Telepod was charged in court on Thurs for providing PMD-sharing services at public places without a licence or official exemption, LTA said. It added that it had impounded 68 Telepod PMDs as of 14 Feb,…

Don’t rush to set aside $20k in your CPF when buying a flat

New rules permit you to set aside up to $20,000 in your CPF OA, when buying a house. This appeals to the financially cautious, as they feel they’re better prepared for emergencies. But there are reasons this shouldn’t…

Here are 5 important factors Singapore investors need to consider before investing in hospitality REITs

In many other countries, Airbnb has been the biggest disruption to the hospitality industry in recent years, providing travellers with a home away from home and sometimes a cheaper alternative to typical hotel rooms. However, in countries such…

Singapore’s energy players to feel heat of carbon tax only marginally

Singapore’s move to tax carbon-intensive industries could hurt energy players here, albeit marginally, and analysts expect the resultant burden of higher costs to be passed on to consumers. All the main producing plants in the power-generation sector are…

Reits sector gets big boost from lifting of sunset clause on tax exemption

For Singaporeans investing in Reits, Finance Minister Heng Swee Keat’s removal of the sunset clause for tax exemption on S-Reits and Reits ETFs distributions is undoubtedly welcome news. The extension of other tax concessions – including the concessionary…

1 hurt, residents evacuated after fire at St Regis Residences in Tanglin

A resident was injured and others were evacuated from the St Regis Residences in Tanglin after a fire broke out late on Wed night. SCDF said it received reports of the fire at 33 Tanglin Road and responded…

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