Daily Archives: July 25, 2019 (23 Articles Found)

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Cache Logistics Trust posts 6.9% drop in Q2 DPU to 1.321 S cents

Cache Logistics Trust posted a DPU of 1.321 Singapore cents for its second quarter ended June 30, down 6.9 per cent from 1.419 cents from the year-ago period, the Reit manager said on Thurs. NPI fell 5.4 per…

AIMS APAC REIT reports flat 1Q DPU of 2.50 cents

The manager of AIMS APAC REIT (AA REIT) has announced DPU of 2.50 cents for the 1Q20 ended June, unchanged from a year ago. 1Q20 gross revenue grew 5.8% to $30.6 million, from $28.9 million a year ago.…

CBD revitalisation and integrated resort investment to drive up local commercial property investment

The commercial property sector in Singapore will continue attracting investors this quarter, riding on a government scheme to unlock the investment potential of older buildings in the CBD, as well as a $9 billion investment to expand MBS…

What properties to buy in a recession

When Singapore missed its GDP target in Q2, Maybank said we are heading for a technical recession next quarter. A technical recession happens when there are two successive quarters of fall in GDP. I remember it was July…

Multi-label store NomadX hits refresh to showcase new brands, updated space inspired by arcades and provision shops

When NomadX first debuted in Singapore late last year, it was branded as a high-tech way to shop across numerous labels, from fashion and beauty to food and electronics. But like its name suggests, it’s merely a temporary…

Loan growth continues for Singapore banks even as mortgages remain flat

DBS Research said on June 28 that according to the statistics released by MAS, industry loan growth (DBU + ACU1) for May 2019 grew 4.7% y-o-y and 1.3% m-o-m (Apr 2019: +4.0% y-o-y/ +1.0% m-o-m), as business loans…

After fun at Funan, will CapitaLand Mall Trust turn its sights to Jewel Changi for added shine?

The reopening of CapitaLand Mall Trust’s (CMT) Funan shopping mall after a three-year redevelopment was met with much fanfare late last month. With Funan’s opening, CMT’s portfolio will be valued at around $11.5 billion, while AUM will cross…

Billionaire James Dyson snaps up bungalow near Singapore Botanic Gardens, a Unesco World Heritage Site

Fresh from his world headline-grabbing purchase of Singapore’s priciest and biggest penthouse at Guoco Tower in Tanjong Pagar, billionaire inventor James Dyson is making waves again. This time, he is set to snap up another of Singapore’s most…

Food delivery firms to ensure PMD riders adhere to fire safety standard if deadline brought forward

The three major food delivery companies in Singapore have said that should a safety deadline for PMDs be brought forward, they will ensure their riders comply with it. The deadline is for the PMDs to meet prescribed safety…

Hotels and tourism in Singapore score with football’s recent International Champions Cup

When major football teams play tournaments in Singapore, hotels and the Singapore Tourism Board score too. Besides drawing thousands of fans including foreign visitors to the matches at the National Stadium, hotels here say they get tremendous mileage…

Social compact needed on PMD reporting app

LTA has announced the launch of a new addition to its MyTransport.SG app to mobilise members of the public to report errant users of PMDs. Users are encouraged to take photographs of inconsiderate riders on e-scooters or other…

5 hard questions to ask about the ‘dementia village’ plan in Sembawang

MOH has called a tender for a dementia village, the first of its kind in Singapore. 1) Is it a feasible option for all Singaporeans? Whoever wins the tender to build and run the dementia village has to…

School used for ammo storage once stood near where suspected World War II bomb was found

A school which was used to store ammunition and was destroyed in an explosion in 1942 was located in the same Geylang street where what is believed to be a World War II bomb was found on Tues.…

Sowing the seeds of greenery solutions

For most of his childhood, Mr Zac Toh, 27, was stepping in cow dung, driving forklifts, bathing in spring water and running around his father’s plant nurseries in Singapore and Malaysia. In 2012, he established GWS Living Art…

Affinity for old shophouses pays off

From a small real estate firm operating out of a 200 sqft attic space in Amoy St, Mr Ashish Manchharam has grown the company that he started into a notable player in the conservation shophouse sector, with 50…

108 Matcha Saro opens first Southeast Asian store, in Singapore

Japanese cafe chain 108 Matcha Saro is opening its first Southeast Asian store, at Singapore’s Suntec City shopping centre. Set to open on July 26, the take-away concept store will be designed to resemble a traditional ancient Japanese…

LTA, SMRT to enhance Circle Line systems in preparation for completion in 2025

Transport authorities have embarked on a series of system enhancements to the Circle Line (CCL) to prepare for the opening of the line’s final three stations in 2025. On Thurs, LTA and SMRT said that the system enhancements…

Security sector sets rules for data collection

Private security officers, when detaining individuals for criminal offences such as trespassing, should not collect, use or disclose the suspect’s full NRIC numbers as this would be in breach of the PDPA. However, they are allowed to collect…

Town council engaging with Canberra resident who cluttered corridor with plants, planks and more

Sembawang Town Council is engaging with a resident who has been cluttering a common corridor at Blk 107C Canberra St with potted plants, furniture, and wooden planks. This comes after a Stomp report on July 22 about how…

Book series on ‘best kept secrets’ of the Istana to launch at National Day open house

A new series of books that unveil little-known facts of the Istana will be launched on Sun. To be launched by President Halimah Yacob during a National Day open house at the Istana, the series of three books…

Most registered e-scooters do not meet new safety standard: Retailers

Most of the 85,000 e-scooters registered with the authorities here do not have a safety certification that will be compulsory from 2021, said major retailers. Retailer Mobot said the number could be as high as 80,000, when contacted…

NEA working with relevant bodies to ensure standards

We thank Mr Chen Jiaxi for his letter (Act quickly to restore confidence on funeral profession, July 13). NEA meets the Association of Funeral Directors Singapore regularly to discuss issues related to the after-death industry, including as recently…

Concerns remain over improper use of CC halls

The response by PA and SPF on the booking of community centre facilities puts the onus on individuals making the booking to declare truthfully the purpose of their booking (Man lied to book CC hall for Myanmar event,…

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