Daily Archives: November 13, 2019 (21 Articles Found)

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Singaporeans will finally be able to know if their packaging is truly recyclable and recycled

Label for Recycling (L4R), the Singaporean not-for-profit organisation will help brand owners to assess the recyclability of their packaging and provide a market proven set of recycling labels for Singapore. In Singapore, packaging represents one third of the…

New framework aims to boost Singapore’s competitiveness in energy and chemicals manufacturing

Companies in the process construction and maintenance industry that provide services to energy and chemicals plants will soon be able to attain recognition if they meet certain productivity benchmarks. A new certification framework will evaluate companies in four…

First BTO flats in Ang Mo Kio in 3 years set to be highly sought after

Ang Mo Kio is set to be the hot favourite in the latest BTO launch as it is the first time in three years the mature estate will be getting new flats. A total of 454 units are…

Centurion Corp posts 21% rise in 3Q earnings to $8.8 mil on higher revenue

Centurion Corp saw its earnings increase 21% to $8.8 million for 3Q19 ended Sept, from $7.3 million a year ago. 3Q19 revenue rose 17% to $33.1 million, following its receipt of revenue contributions from new accommodation assets added…

PropNex reports 15% lower 3Q19 earnings on weaker sales

PropNex reported a 15.2% fall in 3Q19 earnings to $6.1 million from a year ago, which came on the back of lower revenue. Revenue for the 3Q19 ended Sept came in at $122.5 million, down 1.3% against the…

Condo rents slip in October as demand shrinks; HDB rents inch up: SRX

Condo rentals rose 4.2% YoY in Oct compared to a year earlier as rents in the three regions recorded growth, according to SRX Property. The figure is led by a 6.3% YoY rental increase in CCR, 4% raise…

Luxury homes flourish amidst renewed vigour from ultra-rich foreign buyers

Wallich Residence’s triplex super penthouse for a record-breaking $73.8m to Sir James Dyson. Just two weeks later, Dyson purchased a hilltop Good Class Bungalow (GCB) with views of the Botanic Gardens for $41m. A $114m buying spree done…

France’s central bank to open Asian office in Singapore next year

THE central bank of France, Banque de France (BDF), will open an Asian office in Singapore early next year, making this its second office abroad after New York, it said on Tues. BDF’s office in Singapore aims to…

Singapore property portals face double-edged sword in regional expansion

Real estate portals in Singapore are being squeezed by hefty costs on the one hand and the lack of scale on the other, but the solution they seek – looking to the region for scale – may add…

Singapore ranked 8th cheapest city in the world to spend a day – cheaper than Phuket, Guangzhou and Shenzhen

For those of us who frequently grouse over the cost of living in Singapore, the words “cheap” and “Singapore” don’t quite seem to go together. But if you’re here for just a little while, Singapore may prove to…

Review how Goodwill Repair Assistance scheme deals with leaks

For a water leak to occur on a HDB flat ceiling (typically toilet or kitchen), there must be a fault with a path of least resistance that allows the water to flow from a high point to low…

Heritage building’s concept picked after rigorous selection process

We refer to the report “Criticism over heritage building’s new concept” (Nov 6). The Malay Heritage Foundation (MHF), which administers Gedung Kuning in Kampong Glam, is cognisant of the historical significance of the building. We note there are…

Shortlisted designs for Founders’ Memorial uninspiring

If a key inspiration in constructing the Founders’ Memorial is to honour Singapore’s past and present, especially the legacy of the pioneering leaders, and celebrate the future in an exceptional setting, I fail to see this in the…

Robust cyber security needed for autonomous vehicles

With autonomous buses and cars on the horizon, I sincerely hope that government agencies keep a tight rein on service providers to ensure cyber-security robustness and identify security weaknesses or vulnerabilities before vehicles are deployed. It is also…

CapitaLand’s co-working platform Bridge+ expands to the CBD

CapitaLand’s co-working brand Bridge+ is expanding to CBD, in the group’s upcoming Grade-A office development at 79 Robinson Road. This will be the second outlet of Bridge+ in Singapore. Scheduled to open in 3Q2020, Bridge+ 79 Robinson Road…

Economic growth and environmental protection not mutually exclusive: Chan Chun Sing

Pursuing economic growth and protecting the environment need not be mutually exclusive activities, according to MTI Minister Chan Chun Sing. For Singapore, even though the issue of climate change poses challenges, there are opportunities too. Speaking to CNA…

Malaysia’s Natural Resources Minister says Singapore is buying water at an ‘unreasonable’ rate that is ‘too cheap’

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Singapore should be more open towards Malaysia’s plan to revise the current “unreasonable” and “cheap” rate for raw water supply to the city-state, Malaysia’s Water, Land and Natural Resources Minister Datuk Dr A. Xavier Jayakumar has said. “We…

Singapore’s AI strategy to focus first on municipal services, education, health among others

By 2030, lift breakdowns at public housing blocks could be a thing of the past, as town councils will use AI to predict when a breakdown might occur and provide maintenance pre-emptively. It is one of the milestones…

Jurong-Clementi Town Council investigating hose reel that failed to work

Jurong-Clementi Town Council has been investigating why a hose reel at a HDB flat in Bukit Batok failed to work two weeks ago when firefighters were trying to use it to put out a blaze, and will take…

Largest turnout of e-scooter riders at Lam Pin Min’s meet-the-people session but footpath ban here to stay

More than 300 food-delivery riders and retailers, the largest turnout so far, showed up at a MPS on Tues. But all of them left without getting what they had hoped for — an indication that the Government would…

UOL net profit down 7% in Q3

UOL Group saw its net profit for the third quarter ended 30 Sept 2019 drop 7% to $80 million mainly due to lower profit from property development. In Q3 2019, group revenue declined 10% to $476.6 million, on…

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