Daily Archives: February 18, 2020 (22 Articles Found)

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Freehold shophouse in Joo Chiat for sale at $4.5 mil

A freehold shophouse at 452 Joo Chiat Road is available for $4.5 million, which translates to $2,140 psf on the existing built-up area of 2,100 sqft. The property will be sold in an EOI exercise, announced CBRE. The…

YouTuber wowed by vending machines in Singapore that churn out nasi lemak, gold bars and cars

New York-based travel vlogger Bobby Briskey has been to a lot of places around the world. He shares his adventures on his YouTube channel and likes to do little “challenges” for his videos. His latest challenge took him…

Singapore Budget 2020: Distance-based ERP ‘several years’ away: Heng

Motorists dreading the day when they will be charged according to the distance they drive can breathe a sigh of relief: Distance-based ERP will not come for “several years” more. The reprieve was revealed amid the announcement of…

Singapore Budget 2020: Merchants’ association in Chong Pang takes heartland shops online

The heartland shops in Chong Pang City, a neighbourhood centre in Yishun, might seem like traditional ones. But they have also gone digital, selling their products in an online marketplace, thanks to the Chong Pang City Merchant and…

Singapore Budget 2020: New programme to ensure sustainable living in HDB estates

HDB will introduce a new programme to ensure sustainable living is a key feature of HDB estates across Singapore, said DPM Heng Swee Keat on Tues. Called the HDB Green Towns Programme, it will focus on reducing energy…

Singapore Budget 2020: Rental waivers for hawkers, market stallholders

As part of the support package in this year’s Budget to help businesses weather the impact of the coronavirus outbreak, rental waivers will be given to eligible stallholders of hawker centres and markets, as well as commercial tenants.…

Budget 2020: New S$5b Coastal and Flood Protection fund to tackle ‘significant’ risk of rising sea levels

A new Coastal and Flood Protection fund with an initial injection of S$5 billion by the Government will be set up as Singapore prepares to deal with the “significant’ risk of rising sea levels, announced Finance Minister Heng…

Budget 2020: All vehicles to run on cleaner energy by 2040

All vehicles in the Republic will run on cleaner energy within the next 20 years and those with internal combustion engines (ICE) will be progressively phased out, said DPM and Finance Minister Heng Swee Keat on Tues. “For…

Fewer foreign workers can be hired for construction, marine shipyard, process sectors: DPM Heng

Singapore will reduce the number of foreign workers working in the country’s construction, marine shipyard and process sectors this year, according to DPM and Finance Minister Heng Swee Keat. In particular, the S-Pass dependency ratio ceiling (DRC) for…

Centurion Corp to book higher earnings on revaluation gain

Centurion Corp will be reporting significantly higher earnings for its 4QFY2019 and FY2019, as it will book a revaluation gain of around $70 million for a property it is redeveloping. The company has received regulatory approval from URA…

Crack down on motorcyclists who ride on pavements

In Nov last year, the authorities banned e-scooters from pavements — a move welcomed by pedestrians like me who have had close shaves with these vehicles. From Apr, all other motorised mobility devices, including electric skateboards and hoverboards,…

How Robinsons developed an app to boost loyalty and engagement

Singapore-headquartered department-store chain Robinsons has built a 120,000-strong loyalty programme database in just 18 months using an app-based solution. The programme, called R, is signing up new customers every day through interactions with customers of the company’s five…

Singapore builders seek force majeure advice as coronavirus causes labour crunch

Singapore construction firms are asking for advice about whether they have the option of invoking force majeure clauses in building contracts as the government turns away or quarantines Chinese labour to stop the spread of the coronavirus, lawyers…

Coronavirus: Tourism sector takes measures to cope with impact of outbreak

Fallout from the deadly coronavirus outbreak in Wuhan has hit the tourism industry in Singapore, with companies in the sector implementing coping measures ranging from shorter working hours for staff to having employees clear leave during the lull.…

Three-way contest for two nationwide 5G licences in Singapore paves way for smart future

All four telcos here have applied for at least one of four 5G licences up for grabs by the close of the local regulator’s submission deadline on Mon, bringing Singapore one step closer to a future of driverless…

Virus’ impact on new home sales expected to be short-term; demand could pick up in H2

After the year-end holiday season, developers posted their best Jan private home sales figure in seven years. Given the ongoing Covid-19 outbreak and the hit it will have on the economy, many developers are fearful of the impact…

Construction, infocomm to drive 2020 growth amid Covid-19 virus impact

With the once-expected manufacturing recovery in 2020 now jeopardised by the Covid-19 outbreak, Singapore is counting on sectors such as construction, and ICT said MTI on Mon. Manufacturing was expected to turn the corner in 2020, after a…

Asia’s first 24-hour esports working space opens in Singapore

Its vision is to serve as an incubator for the brightest up-and-coming talent in Singapore’s esports scene. The Gym, Asia’s first 24-hour co-working space dedicated to esports, officially opened its doors in Jalan Besar on Feb 13. Set…

COVID-19: Singapore looking to activate more quarantine facilities, says Lawrence Wong

The Singapore government is looking to activate more quarantine facilities to prepare for the possible increase in the local spread of the COVID-19 coronavirus. This is being done “in anticipation of a scenario where there is wider community…

Standard Chartered opens international banking and priority private centre in Singapore

StanChart has opened its flagship intl banking and priority private centre at Ngee Ann City, making Singapore its first market ever to launch a centre for this specific segment. Priority private is a segment designed for high-net-worth clients…

Strata office sales jumped 30.4% to $1.2b in 2019

The total value of strata-titled office units sold in 2019 leapt 30.4% YoY to $1.2b, according to a Knight Frank report. Q4 sales particularly skyrocketed 159.8% to $369.5m. Despite a decline in caveats lodged for strata-titled office units…

Covid-19 outbreak: Second DBS employee infected, Ngee Ann City cleans up premises at Tower A

Another employee of DBS bank has tested positive for the Covid-19 coronavirus, the firm said on Mon. This time, the staff member works in the bank’s satellite office, which is understood to be at Ngee Ann City along…

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