Daily Archives: December 18, 2019 (21 Articles Found)

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Explainer: What is so ‘green’ about green loans?

Three banks here came together on Mon to provide a loan to property developer Allianz Real Estate and private equity firm Gaw Capital Partners, to support their acquisition of Duo Tower and Duo Galleria. Green loans, and other…

Security firms complain that Govt’s ‘shifting goalposts’ for grading is costing them business

Alwatch Security Mgmt is one of a number of security firms in Singapore that are affected by changes to a system used to grade them according to various criteria, and one of its directors is unhappy. Going by…

Nee Soon East turns municipal banners into everyday items as part of zero waste initiative

In this neighbourhood, large municipal banners are being transformed into everyday items like bags, lanterns and tissue boxes. It is part of a Zero Waste Masterplan in Nee Soon East to upcycle banners into new products while helping…

The Cross Island MRT Line shows the complexity of making environmental trade-offs

The headline decision to build a 50km CRL under Singapore’s Central Catchment Reserve was announced last week and has since garnered significant public attention. On social media, netizens were quick to question the government’s choice, scrutinising the effectiveness…

November’s new home sales mark a good end for 2019

2019 is looking to be a good year for the Singapore property market after all. Nov’s new home sales rose by 23.2% month-on-month, as developers launched several projects before the new year. This is a good sign, according…

UOI to buy Robinson Road property from UOB for $52 mil

United Overseas Insurance (UOI) is acquiring an office property located at 146 Robinson Road from UOB for $52 million, the group reported on Wed. The property is a 12-storey office building with a GFA of 4,631.49 sqm, and…

TEE International bags new engineering, construction contracts worth $20 mil

TEE Intl has secured new contracts for engg and construction works worth some $20 million. The new contracts brings the group’s order book to date to $364 million. In a regulatory filing on Wed after market close, TEE…

Keppel DC REIT slated for ‘record DPU’ in FY20 on accretive acquisitions, says DBS

DBS Group Research is maintaining its “buy” call on Keppel DC REIT (KDCREIT). DBS analyst Derek Tan cites the REIT’s recent string of accretive acquisitions, namely KDC SGP and DC 4 in Singapore, and Kelsterbach DC, a data…

DBS favours REITs, yield stocks with growth prospects amid ‘less cloudy’ outlook

Against an outlook that is “turning less cloudy”, DBS Group Research has advised investors to adopt a “barbell approach” to strike a balanced risk-reward. In particular, the research house says it favours REITs and yield stocks with growth…

Yongnam clinches 5 contracts in Singapore and Hong Kong worth $101.3 mil

Structural steel contractor and specialist civil engg solutions provider Yongnam Holdings has secured five infrastructure contracts worth $101.3 million in Singapore and Hong Kong. In a regulatory filing on Tues, the group reported that three of the contracts…

NSF admits to flying drone that landed on Sengkang LRT train tracks

A full-time NS man pleaded guilty in the State Courts on Wed to operating a DJI Mavic Pro drone that weighed 0.743kg that landed on the tracks at Sengkang LRT and was struck by a train on 8…

Teen tourist given short detention order over PMD collision that left man injured

While visiting friends in Singapore, a Vietnamese teenager borrowed a friend’s PMD for a trip to the supermarket on 8 Apr. However, Nguyen Doan Nam ended up crashing into a pedestrian and throwing his pillion rider to the…

Yomie’s Rice x Yogurt chain launches in Singapore

Yomie’s Purple Rice x Yogurt has launched in Singapore, opening three stores at Westgate, CityLink Mall and Orchard Centrepoint. Described as “healthy yet tasty,” Yomie’s yogurt is made daily and fermented for at least 24 hours in-store to…

Singapore home prices to grow 2% in 2020, 2021: Fitch Ratings

Singapore home prices are expected to show modest growth over the next two years, riding on macro-prudential measures and stable mortgage performance, anchored by strong household finances. This is according to the latest findings from Fitch Rating’s Global…

Singapore easing property curbs seen unlikely as election looms

Singapore is unlikely to ease property cooling measures as it heads into a high-stakes election that could take place in the first half of next year. Although several developers, including City Developments have called upon the government to…

Do more to get young children interested in the environment

While initiatives to reduce plastic use are a step in the right direction (Over 270 F&B outlets won’t give out plastic straws from July 1, June 3), more needs to be done. The long-term solution to Singapore’s waste…

Difficult to deal with noise nuisance without by-laws

Dealing with noisy neighbours is a delicate balancing act (Man seeks to evict ‘noisy’ neighbours from flat below his, Dec 15). A person can use and enjoy his property freely provided he does not infringe too much on…

Local firm develops remote visitor-logging system for condos

When a visitor’s car rolls up to Glendale Park condominium in Hillview, what greets the driver is a speaker carrying the voice of a security guard located in a remote command centre in Ubi, nearly 20km away. Meanwhile,…

Safety lapses found in first of 400 surprise inspections by MOM

During the first of 400 surprise inspections at worksites to be done by MOM, it found multiple safety lapses at one location on Fri last week. And it was witnessed by Minister of State for Manpower Zaqy Mohamad…

Man rescued after his leg is trapped by excavator in Tampines

A man’s leg was pinned under an excavator at a HDB worksite in Tampines yesterday morning. SCDF was alerted to the incident at Tampines Ave 9 at about 11.10am. An excavator had toppled during a lifting operation and…

Security Association Singapore criticises Govt’s grading system for agencies, says it has ‘shifting goalposts’

SAS took issue with the Government’s latest assessment of security agencies here, saying that “shifting goalposts” have given the wrong impression that the firms have not improved. In a strongly worded statement, Mr Ikhsan Suri, the executive director…

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