Daily Archives: March 31, 2020 (22 Articles Found)

Landlords and tenants need to see each other as long-term partners, share both pain and benefits: Chan Chun Sing

Closure of cinemas due to Covid-19 see operators shifting manpower, upgrading venues, seeking other revenue sources

Malaysia lockdown extension: Workers, bosses look for alternatives as S’pore Govt ceases temporary housing support

Husband of woman killed by collapsed tree in Botanic Gardens in 2017 sues NParks

COVID-19: Housing returning S’pore residents in hotels for SHN is ‘critical’ measure – Lawrence Wong

Coronavirus: Police and SFA say whether eatery should close depends on its licence type

The authorities have clarified that whether an eatery is allowed to remain open during this period depends on its licence type, following some confusion among bar owners over whether the closure of nightclubs applies to them. Those with…

Foreign buyers in Singapore. Will we see more of them?

It is no secret that Singapore is a popular location among wealthy foreigners to park their businesses and settle down. Property purchases by these wealthy billionaires often grab news headlines. Last year, 6.1% of total non-landed home sales…

Zuu Online

Retail REITs could see DPU cut by up to 19% this year, says CGS-CIMB

Reits in the retail space could see a huge dent in their DPU for FY2020 as a result of Covid-19 and the, according to CGS-CIMB Research. This comes after Singapore issued an advisory urging its residents to avoid…

The Edge

Coronavirus: Entertainment venues fear permanent closure after mandatory shutdown

Within three months of opening, business was booming for escape room company Amazing Chambers Singapura. But with tourists, school and corporate groups no longer showed up, it’s now forced to close until at least the end of Apr…

47 new COVID-19 cases in Singapore, new cluster identified at dormitory in Toh Guan

Singapore reported 47 new COVID-19 cases on Tues, bringing the total number to 926. Four of the newly confirmed cases were linked to a previous case, forming a new cluster at Westlite Toh Guan dormitory at 18 Toh…

The shipping container hotel is the perfect staycation for a pandemic

If you’re sick of cloistering yourself at home because of Covid-19 and social distancing: good news! Provided you have $200 a night to spare, you can now bunker up at the Shipping Container Hotel instead and experience “luxury…

RICE

Singapore banks offer to defer mortgage, SME loan payments

Singapore’s central bank said lenders will offer additional relief for consumers and companies battered by the sharp economic slowdown, including a freeze on mortgage and business loan payments and cuts to credit card rates. Banks and finance companies…

Bloomberg

Events postponed, restaurants ‘near empty’: F&B industry on the chopping block as COVID-19 measures bite

The World Gourmet Summit will be postponed for the first time since it started 24 years ago. Usually held in Apr, the annual gastronomy festival has been pushed back to Aug because of the COVID-19 situation, said Mr…

Landlords and tenants need to see each other as long-term partners, share both pain and benefits: Chan Chun Sing

Landlords and tenants must see each other as “long-term partners”, who share both the pain and the benefits, in good times and bad, said MTI Minister Chan Chun Sing on Tues. This means both parties working out how…

Closure of cinemas due to Covid-19 see operators shifting manpower, upgrading venues, seeking other revenue sources

As entertainment venues here are closed until Apr 30 by a Government directive to stop the spread of Covid-19, some cinema operators here said they are using the downtime to train employees and improve their operations, with a…

Malaysia lockdown extension: Workers, bosses look for alternatives as S’pore Govt ceases temporary housing support

Some Malaysian workers in Singapore are weighing up their options, including heading home, while their employers here try to look for rental flats and cheap hotels or offer them temporary loans to allow them to secure a roof…

Husband of woman killed by collapsed tree in Botanic Gardens in 2017 sues NParks

The widower of a woman killed by a Tembusu tree that fell on her in 2017 has taken NParks to court nearly two years after a coroner’s court pronounced Radhika Angara’s death a tragic misadventure. Angara, a 38-year-old…

COVID-19: Housing returning S’pore residents in hotels for SHN is ‘critical’ measure – Lawrence Wong

Housing thousands of returnees in hotels for the duration of their Stay-Home Notice is not an “indulgence”, but a “critical, urgent public health requirement”, said MND Minister Lawrence Wong. “So this is not an indulgence for the returnees.…

Businesses forced to shut need help too

Last week, the Government stepped up Covid-19 containment measures by announcing that businesses like tuition and enrichment centres would be suspended. Cinemas, bars and entertainment outlets will be shut till the end of next month. MOH also announced…

PCF reopens all Sparkletots except one in Fengshan

PCF has reopened all of its 360 Sparkletots pre-schools here except one centre in Fengshan, which will remain closed till Apr 8. The Sparkletots centre at Fengshan Blk 126, which was closed on Mar 24, has the second…

The New Paper

Struggling Chinatown Food Street to close till June 1

Chinatown Food Street, a popular tourist spot known for local roadside fare, will close from tomorrow, its mgmt said in a post on its website yesterday. There will be upgrading works in the area and business will resume…

The New Paper

Singapore’s prisons remain Covid-free due to precautionary measures

With closed, confined quarters and near-constant contact, prisons are a hotbed for the spread of contagious diseases such as the Covid-19, and the panic associated with it. Fortunately, according to SPS, there has been no SPS staff or…

The New Paper

Hyundai unveils plans for smart mobility lab in Jurong Innovation District

Hyundai Motor on Tues announced it is building an open innovation lab in Singapore to develop future mobility technologies for expansion into global markets. The move is part of the South Korean carmaker’s plans to transform itself into…

The Business Times

GCB in Cluny Park being sold for S$40m

A bungalow in Cluny Park near the Singapore Botanic Gardens is being transacted for S$40 million, or nearly S$1,964 psf based on the freehold land area of 20,369 sqft. On the site is a bungalow completed more than…

The Business Times

Rent rebates not enough to save retailers as curbs slash traffic further

As heightened distancing measures tighten the noose around tenants’ necks, SRA over the weekend appealed to landlords for rental support beyond rebates, echoing recent calls from other quarters. The government has been stepping up distancing measures and urged…

The Business Times

Two Nanyang Optical shops may take break as sales slide

Nanyang Optical may temporarily shut two stores – at Paragon and Ngee Ann City – after sales plunged more than 70 per cent on the weekend amid new coronavirus crowd control rules. The landlord of its Ngee Ann…

Encounter with Bangladeshi cleaner changed his perceptions

When he was growing up, business developer Seah Cheng, 26, never paid attention to the migrant workers who cleaned his HDB block or swept the streets, though he crossed paths with them every day. Even when he was…