Daily Archives: August 27, 2019 (25 Articles Found)

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Oxley posts 81% drop in 4Q earnings to $25.6 mil

Oxley Holdings saw its earnings plunge 81% to $25.6 million for the 4Q19 ended June, falling from $137.7 million a year ago. This brings full-year earnings to $146.3 million for FY19, just over half of FY18 earnings of…

Neil road shophouse up for auction for $8m

A conserved two-storey shophouse at 65 Neil Road is set to be put up for sale via auction by the owner for $8 million, revealed Colliers Intl. This works out to $2,800 psf based on a GFA of…

Overhaul in food supply chain needed to tackle food waste: Study

Tackling the food waste issue requires an overhaul in the food supply chain, with surplus on the shelves donated or sold at a discount at food banks, and food that may otherwise end up in the bin reintroduced…

Luxus Hills (Signature Collection) to preview on Aug 30

Bukit Sembawang Estates will preview its 999-year leasehold Luxus Hills (Signature Collection) on Fri, Aug 30. The landed homes are located within the Seletar Hills Estate, and 32 out of 78 homes in the first phase will be…

Foreigners snapped up 23% of month-to-date private condo purchases

For the month to date, non-Singaporeans accounted for 23% of buyers of private condos, excluding EC, URA data showed. In a note, Jefferies Singapore indicated that Singaporean buyers represented 80% of the incremental transactions, on the higher side…

Singapore is right to frame climate change as a national-security issue

To treat climate change as an issue of national security may seem drastic – but it may be the right approach. Climate change is an existential threat, and countries need long-term planning, forward-thinking and significant financing to adequately…

S-Reits’ robust yields in low-rate environment keep investors hooked

S-Reits have had a stellar run this year, and interest in the asset class is likely to continue, analysts said. This was evident on Mon when they showed resilience despite widespread sell-offs in regional bourses, including in Singapore…

Court approves OUE C-Reit, H-Trust merger; updated timetable released

The court has sanctioned the proposed merger of OUE Commercial Real Estate Investment Trust (C-Reit) and OUE Hospitality Trust (H-Trust), which will take place via a trust scheme of arrangement. The trust managers have also provided an updated…

Keppel bags environmental award; included in sustainability index

Keppel Corp has been recognised for its sustainable business practices with an environmental award, along with an inclusion in a sustainability index. It won the SEC-STATS APAC SEAA under the services category, at SES Achievement Awards 2019. In…

Gas giant Linde to quadruple capacity here with $1.9b expansion

On 27 Aug 2019, Linde held the groundbreaking ceremony for its new integrated manufacturing complex, which will be located and integrated with its existing gasification facility on Jurong Island. To be fully operational by 2023, the new complex…

Many ways to redevelop Greater Southern Waterfront

The recent announcement of redevelopment around the Pasir Panjang area is an exciting one. Apart from housing, there are many other options to redevelop this area. First, there is the Pasir Panjang Power Station, a very large building…

Proactive projects key to Singapore’s survival

Singapore faces water, food and energy security challenges. While we have tackled water security very well, we have not achieved 100 per cent self-sufficiency yet. We need the same resources to tackle other security issues. Factory-grown vegetables, as…

Proposed Bill on wildlife may penalise nature lovers

Nee Soon GRC MP Louis Ng, who heads Acres, organised a seminar on Aug 16 to gain support for a private member’s Bill that he will introduce in Parliament. He wants to amend the Wild Animals and Birds…

Panel proposes all drones above 250g to be registered, minimum registration age of 16

All unmanned aircraft weighing above 250g should be registered with the authorities before they can be allowed to fly and only those 16 years and above may register such drones. These were among the proposals released on Tues…

LTA awards advertising and retail operator tenders for Thomson-East Coast Line

Outsourcing the rail system’s non-fare business for the first time, LTA has awarded tenders for the operation of advertising and retail spaces along the future TEL. The move is expected to draw more than S$164 million in concession…

Trash Talk: Packaging waste is everywhere, including in your body

A shopping trolley, plastic bottles, plastic bags and food wrappers galore. No this is not a scene at a supermarket — this is just a typical dive into the seas surrounding Singapore’s southern islands. Ms Sam Shu Qin,…

Singapore needs to lift farm production, cut waste, as global protein shortage looms: Study

As a result of climate change and rising population, the world is set to face a 56 per cent shortfall in food nutrition by 2050 — and Singapore is still heavily reliant on food imports from countries with…

Singapore a top spot for Hong Kong commercial property investors in first half of 2019: Report

Lured by Singapore’s political stability and relatively strong office rentals, Hong Kong investors ploughed S$1.94 billion into the Republic’s commercial property market in the first of 2019 — making it the top destination for these investors, a report…

Building ‘circular economy’ could help reduce Singapore’s food waste: Study

Building a “circular economy” for food in Singapore could help to reduce the estimated 342,000 tonnes of food that is lost from farm to market here each year, says a new study. Commissioned by SEC and Deloitte, the…

Automated buses dodge peacocks, tourists and plants in Sentosa test

Roaming peacocks, meandering tourists and curbside bushes were all causing headaches this week for operators of one of the first autonomous bus shuttle services to hit public roads in Singapore. Passengers found themselves almost outnumbered by bus stewards…

Window shopping after dark: Strata malls getting a new lease on life through sex work

Hair salon, hair salon, nail parlour. “Hello, would you like a massaaage, 50 dollars.” Where am I? Orchard Towers, perhaps? Actually, I’m Far East Plaza, which like many other strata malls on the island, has seen sex work…

Elaborate mooncake packaging difficult to recycle and damaging to the environment, experts say

Every Mid-Autumn Festival, many in Singapore buy and gift mooncakes to celebrate the occasion. Most of them come enclosed in fancy boxes, with colourful and lacquered packaging. And each year, the mooncakes seem to come in more extravagant…

DFS’ departure from liquor, tobacco sales at Singapore’s Changi Airport leaves travellers nostalgic

Hong Kong-based luxury retailer DFS Group on Tues announced it would shut down its tobacco and liquor operations at Singapore’s Changi Airport as it was no longer “financially viable” to operate at the world’s third-busiest airport for intl…

The National Gallery’s new multimedia exhibition looks back at significant moments from City Hall’s past

In a year full of happenings commemorating Singapore’s Bicentennial, it feels apt that the National Gallery would take this time to look back on the pivotal moments of the country’s history in and around the former City Hall,…

NEA announces Staggered Rent Scheme to ease initial costs for new hawker centre stallholders

NEA has announced a new rent scheme for stallholders at its new hawker centres to help hawkers establish their businesses. The Stagger Rent Scheme will see these stallholders benefit from lower rentals in the first two years of…

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