Daily Archives: January 22, 2020 (20 Articles Found)

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German chemicals company BASF sets up $45 million plant

On 22 Jan 2020, BASF held a groundbreaking event for its new Agricultural Solutions Regional Production Hub in Singapore. The $45 million production plant is expected to be completed by Sept 2021 and will supply the company’s patented…

NUS researchers drop claim of ‘insider trading’ among real estate executives on the golf course

Days after Redas took issue with a research paper that said it had found “evidence of insider trading in the land market”, the team of researchers behind the study has dropped the claim. The researchers from NUS said…

Singapore, Malaysia continue discussions on implementation of international court ruling on Pedra Branca

Government officials from Singapore and Malaysia met in KKL on Tues to continue discussions on the implementation of ICJ Judgment on Pedra Branca, Middle Rocks and South Ledge. This was announced by Minister of Foreign Affairs for Singapore,…

Largest Professor Brawn outlet opens in Enabling Village at Lengkok Bahru

Professor Brawn celebrated the official opening of its third and largest outlet on Wed, in the heart of the Enabling Village at Lengkok Bahru. Professor Brawn is a social enterprise cafe chain run by the Autism Resource Centre…

Local barramundi farm joins hands with start-up lab to produce ‘premium’ fish

They grow 30 per cent faster, are stouter and less prone to diseases. Through a selective breeding programme based on molecular markers, local start-up Allegro Aqua bred “premium” Asian sea bass, otherwise known as barramundi, in a controlled…

Support for businesses to innovate, go green on KPMG’s Budget wishlist

The Budget next month should look at ways to help businesses for the long haul given the challenges of digitalisation and sustainability, noted audit firm KPMG on Wed. Its wishlist called for measures such as tax subsidies and…

The will to defy the odds of history

Aidan Mock, Yale-NUS student, member of SG Climate Rally: Climate change has been a big topic that we’ve discussed today. It’s something my peers and I feel really deep anxiety about. I want to ask how Singapore intends…

Stop treating libraries as playgrounds

A library should offer an environment conducive for learning and expanding one’s mind (Making our libraries a second home for all, Jan 15). The shocking misbehaviour of some children who treat the library as a playground reflects badly…

Situate libraries with hospitals

As a mother of three school-going children and with ageing relatives, I have often found myself at the hospital for some reason or other. With our ageing demography, I imagine a large proportion of Singapore’s population would be…

Singapore should set electric vehicle targets

MEWR summed up the positive steps the authorities here are taking as climate change makes an increasing impact on our lives (S’pore taking range of actions to cut carbon emissions, Jan 8). The authorities also have to take…

Mapletree Industrial Trust’s NPI grew 14% to $81.91m in Q3 2019

Mapletree Industrial Trust’s (MIT) NPI rose 14% YoY to $81.91m in Q3 FY2019-2020, from $71.88m in Q3 FY2018-2019, the company announced. Gross revenue grew 9.7% to $102.61m over the same period. The growth was driven by improved occupancy…

CapitaLand Mall Trust’s NPI up 13.1% to $558.22m in 2019

CapitaLand Mall Trust’s (CMT) NPI jumped 13.1% YoY to $558.22m in FY2019 from $493.55m in the previous year. Distributable income also rose 7.5% YoY to $441.60m from $410.7m in FY2018. Gross revenue edged up 12.8% YoY to $786.74m…

CapitaLand Commercial Trust NPI up 2.1% to $321.22m in 2019

CapitaLand Commercial Trust’s (CCT) NPI climbed 2.1% to $321.22m in FY 2019. Gross revenue grew 4.7% to $412.35m over the same period. In Q4, NPI rose 3.3% YoY to $81.89m, whilst revenue expanded 8.9% to $107.8m, driven by…

Keppel DC REIT’s NPI climbed 12.4% to $177.28m in 2019

Keppel DC REIT popped the champagne as NPI inched up 12.4% YoY to $177.28m in FY2019 from $157.67m in 2018, according to an SGX filing. NPI for Q4 2019 rose 14.3% YoY to $48.53m from $42.47m in Q4…

CMT, CCT propose merger to create largest REIT in Singapore, third largest in Asia Pacific

CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) are proposing to merge into a diversified commercial REIT to be named CapitaLand Integrated Commercial Trust (CICT). The merged entity is expected to have a market capitalisation of $16.8…

Protect your relationship from property. Use this checklist

1) Keep away from the in-laws – To make things fair, choose a property that is equidistant from the two sets of parents. Of course, make the exception if you’re gunning for the proximity grant or are the…

This is what’s happening in the private property market 2020

1) New private residential property prices will rise in 2020 – Private residential property prices for new homes are expected to grow at between 2% and 4%, based on OrangeTee & Tie estimates. This is buoyed by positive…

HDB resale market in 2020. What should you expect?

1) Policy changes made in 2019 will continue to benefit the HDB resale market in 2020 – “Some of these policies seem to have achieved their goal of improving housing demand especially for older flats,” explained Sun; 2)…

3 containers of plastic waste sent back to S’pore as Malaysian importer failed to get permits: NEA

Malaysia returned three containers of plastic waste to Singapore earlier this month because the Malaysian importer had failed to obtain the required permits, and not because the Singaporean exporter had violated the rules, regulators here clarified on Wed.…

Resident with S&CC arrears was arrested for court no-show; town council didn’t lodge police report

The Marsiling-Yew Tee Town Council on Tues clarified that it did not make a police report which led to the arrest of a resident who owed S&CC, as initially suggested in a FB post by a social activist.…

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