Daily Archives: February 3, 2020 (24 Articles Found)

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Amcorp assumes control over TEE Land

Malaysia’s Amcorp Group has assumed control over TEE Land and is making an offer of 17.9 cents per share to buy over the remaining 31.22% of TEE Land in which it hasn’t already own. This offer comes three…

No sign of collusion by developers in bidding for Government land sales: Lawrence Wong

A Government-led review has rejected a claim that property developers have been colluding in their bids on GLS tenders, an assertion which NUS academics initially said had deprived the state’s coffers of hundreds of millions of dollars of…

Singapore passes law in line with global pact to restrict export of plastic that is contaminated, difficult to recycle

It will soon be harder for plastic exporters in Singapore to ship out plastic waste that is contaminated, difficult to recycle or mixed with other materials. This comes after the Hazardous Waste (Control of Export, Import and Transit)…

Solar panel installation numbers growing at sizzling pace

Solar panels are becoming a hot item here, with the number of installations more than doubling in the last three years. According to latest statistics released by EMA, there were 3,504 solar installations as at the third quarter…

Coronavirus: Some landlords in Singapore, fearing infection risk, turn away tenants returning from China

Computer salesman Thomas Chua, 67, has a tenant from China who is due to return to Singapore this week. But he has told his tenant, a factory supervisor who has been renting a room from him for more…

NParks looking into cause of hundreds of dead fish washed up at Pasir Ris Park

NParks officers are looking into the cause of hundreds of fish deaths along a stretch of beach in Pasir Ris. The silver-coloured fish, as well as several crabs, were spotted washed up at Pasir Ris Park on Mon…

Analysts positive on CDLHT despite uncertainties from coronavirus outbreak

Amid the coronavirus outbreak, units in CDL Hospitality Trusts (CDLHT) is currently trading at a 52-week low. However, some analysts feel that this is an opportunity to “buy” on the unit price’s dip. In a Fri report, DBS…

FEHT downgraded to ‘hold’ with lower target price as DPU expected to be hit by coronavirus outbreak: DBS

Far East Hospitality Trust’s (FEHT) DPU in 2020 is expected to be hit as a result of the coronavirus outbreak, according to DBS Group Research. This comes as Singapore recently initiated a travel ban on all China passport…

JTC awards Tuas West Avenue site to sole bidder

The tender for an industrial site at Tuas West Ave (Plot B) has been awarded to Progressive Builders, after it submitted a bid of $4.2 million, announced JTC. Zoned for Business 2 use, the 9,508.2 sqm site has…

Freehold property Wisma Gulab sold for $88m

Wisma Gulab, an industrial building along 190 MacPherson Road, has been sold to Heap Seng Group for $88 million. The price works out to $692 psf based on the property’s NLA of 127,240 sqft, revealed Colliers Intl. Located…

Analysts remain bullish on Ascendas REIT despite DPU decline

Amid economic fluctuations and a decline in its FY2019 DPU, Ascendas REIT looks a promising investment, analysts say. Comprising 200 properties across Singapore, Australia, UK and US, Ascendas REIT has a net property value of $12.8 billion. These…

Discoloured water on Pulau Tekong caused by natural minerals: Masagos

The cause of discoloured tap water at the BMTC on Pulau Tekong last Nov was a naturally occurring mineral that had settled and accumulated in the island’s water supply network over time, MEWR Minister Masagos Zulkifli said on…

MCSTs responsible for fire safety measures in condominiums: Sun Xueling

MCSTs are responsible for ensuring that all fire safety measures – including fire hose reels – in condominiums are functional, said Home Affairs Senior Parliamentary Secretary Sun Xueling. This is under the Fire Safety Act, she said in…

Not ‘productive or correct’ to put companies who pay carbon tax under public scrutiny: Masagos

Putting firms under public scrutiny by publishing company-specific data on the amount of carbon tax they are paying is not “productive or correct”, said MEWR Minister Masagos Zulkifli on Mon in Parliament. He was responding to MP Louis…

Some restaurants report cancellation in bookings as diners turn cautious

The Wuhan coronavirus has dampened feasting this CNY, with some restaurants reporting cancelled bookings as people become cautious about dining out. Mr Reuben Chua, COO of Yunnans restaurants at Jewel Changi Airport and Westgate mall, noted that each…

Law does not prohibit activities under nature reserve, says NParks

A law protecting nature reserves does not prevent underground activities from being carried out at one. But it does require that such works be carried out at a depth that does not affect the wildlife in the reserve…

Tour showcases role of old hospital site in Occupation

The fifth-storey observation deck at the now-defunct View Road Hospital in Admiralty – located on a gentle hilltop – provides a view of the Causeway to Malaysia as well as Singapore’s northern coastline. This led researchers to believe…

It’s quieter than usual at Singapore tourist spots

Visitors to popular tourist haunts like Orchard Road, Chinatown, MBS and Sentosa would have noticed quieter-than-usual crowds over the weekend. Shops in these areas told ST that business has dropped by up to half over the last week…

Evolution of HDB designs

Singapore’s public housing authority, HDB, celebrates its 60th birthday this year. Today, more than one million flats have been completed in 24 towns and three estates across the island, and HDB flats are home to over 80 per…

CMT-CCT merger: Should minority investors back the deal?

At CapitaLand, the pursuit of strategic goals sometimes leaves minority investors in a quandary. In Jan last year, CapitaLand said it would acquire Ascendas-Singbridge from Temasek Holdings for S$6 billion, in a deal that would put it among…

A game changer for Singapore’s climate policies?

As climate change increasingly occupies public discourse in Singapore, observers are expecting it to feature more strongly in Budget 2020, alongside the government’s priorities in business restructuring and social spending. Setting the stage is an update to Singapore’s…

Making Tiong Bahru estate more accessible to wheelchairs

Several enhancements have made the Tiong Bahru-Seng Poh Estate more accessible for mobility-challenged people. One initiative involved shortening a bike rack to make way for a new wheelchair ramp, while concrete bollards were removed from a back alley…

Wuhan virus: No need to avoid places where suspected or confirmed cases have been

The authorities have said there is no need to avoid places where people suspected or confirmed to have the Wuhan coronavirus have been. The government advisory, published on its FB page on Sat, comes as a WhatsApp message…

Wuhan coronavirus: Some tourism-related firms hit hard by travel ban

Some businesses here — especially those located in tourist spots — are feeling the heat from the Wuhan coronavirus situation, with the ban on travellers who had recently been in China. Some companies told TODAY that they are…

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