Daily Archives: June 5, 2020 (39 Articles Found)

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Rental reliefs will buy valuable time

The shuttered shopfronts in shopping malls and other centres in recent weeks illustrate the severity of the impact that the Covid-19 outbreak and ensuing circuit breaker measures have had on SMEs, whose revenues have fallen significantly. A slew…

Keep up strict safe distancing measures on buses and trains

A review published in The Lancet journal on Mon concluded that keeping at least a metre apart and wearing face masks and eye protection are the best ways to reduce the risk of Covid-19 infection. This supports the…

Covid-19: When S’pore malls reopen, expect to see disinfection robots and contactless lifts

1) UV Disinfection Robots – Is equipped with a camera, built-in sensors, software, and an ultraviolet-C light module which emit powerful UV-C rays to eradicate viruses; 2) Disinfection Floormats – A disinfection solution will be poured over the…

4 sneaky ways a bank can exploit you when taking a home loan

1) Raising the mortgage floor rate – A mortgage floor rate is the lowest interest rate a bank will accept. Your home loan interest rate is a combination of the bank’s spread (how much it’s charging you) and…

Covid-19: 3 of 11 community cases in Singapore due to start work in essential services, says MOH

Three of the new Covid-19 infections identified on Fri were due to start work in essential services, MOH said. They were among the 11 community cases announced on Fri which saw 261 new Covid-19 cases in Singapore, bringing…

As F&B sales fall by 53% in April amid circuit breaker, some restaurants choose to close shop for good

Mr Nicholas Lim, owner of La Cantina in Venezia, a restaurant at Village Hotel Changi, said that it felt like he had “lost his child” when he had to close his restaurant in early Apr this year after…

SPH dropping out of STI shows how yield-driven S’pore stock market is, say analysts

The replacement of SPH with Mapletree Industrial Trust on STI underlines how the Singapore stock market is very much yield-driven, a reflection of investor sentiment here, analysts said. They also said that the benchmark index for the stock…

New rental relief measures not a silver bullet for struggling businesses, says Shanmugam

The new rental relief framework is no silver bullet in helping businesses survive the coronavirus outbreak, and some may still see their shutters close even with the extra help, Law Minister K Shanmugam said. Speaking in Parliament, Mr…

Singapore households generated additional 1,334 tonnes of plastic waste during circuit breaker: Study

An extra 1,334 tonnes of plastic waste, equivalent to the weight of 92 double-decker buses, was generated from takeaway and delivery meals during the two-month circuit breaker period of stay-home curbs, a survey has found. The study, led…

Allowing employees to work from home will help the rest of the economy open up faster: Chan Chun Sing

If more employers are “enlightened” and allow their employees to continue working from home, this would help more sectors of the economy to open up faster, MTI Minister Chan Chun Sing said on Fri. “What we need Singaporeans…

E-commerce helps candy floss shop ride out crisis

Candy floss and popcorn shop Candy House did not have any e-commerce presence before the coronavirus pandemic, but it now depends on online sales to tide it over this crisis. The retailer, which is a supplier for pre-packaged…

Online efforts pay off for Soup Restaurant

It might seem hard for a soup business to go online, but Soup Restaurant has been steadily transforming operations over the past few years. And its efforts have paid off, especially during the coronavirus period when diners have…

More businesses taking digital plunge

Singapore’s businesses are making a major push towards digitalisation this year, prompted by the coronavirus crisis. More than 3,500 businesses started transformation projects from Jan to Apr, supported by ESG, it said. This figure is nearly 20 per…

‘Social distancing is dead’: Crowds observed outside school, within supermarkets as restrictions ease

It has only been four days since we’ve exited the circuit breaker, but it appears that the reminders for social distancing have not been heeded. A photo shared on Reddit on Thurs showed a bus stop packed to…

Coronavirus: Staff can work at more than one site if job scope requires it

Even though cross-deployment of employees to different worksites is not allowed due to workplace measures taken to stop the spread of Covid-19, employees can work at more than one site if their job scope requires them to do…

Government can obtain necessary goods and services for fighting Covid-19 without tender

Goods and services needed to fight the Covid-19 pandemic can be obtained by government agencies without calling for a tender, owing to the urgency of the situation, two Ministers said in Parliament on Fri. An emergency procurement procedure…

More home owners considering refinancing loans as banks cut interest rates

More home owners are refinancing their mortgage, as banks’ interest rates for floating home loans are at their lowest in recent years. Banks here have lowered their interest rates on loans that are pegged to Sibor, providing home…

Parliament: Allow some non-contact sports to resume, says Lee Bee Wah

The risk of contacting Covid-19 while engaging in individual non-contact sports is low and, hence, they should be allowed to resume in the current phase one of the re-opening of Singapore, said Ms Lee Bee Wah (Nee Soon…

Govt agencies urged to gather input from firms on reopening

As Singapore reopens its economy, government agencies should involve businesses and society at large in discussions on navigating the Covid-19 pandemic, said Ms Cheryl Chan (Fengshan) yesterday. She cited the issues surrounding MTI’s classification of businesses that would…

Construction firms will get help with Covid-19 compliance costs, says Desmond Lee

Construction firms will get help to cope with the short-term costs of complying with precautionary measures against the coronavirus, said Second Minister for National Development Desmond Lee on Fri. This includes the expenses of testing their workers for…

Staff of daycare centres for elderly to get tested for coronavirus in June

Staff of eldercare services in operation, including those at daycare centres, will be progressively tested for the coronavirus in June 2020. This follows the completion of the testing last month of staff and residents at residential care homes.…

Singapore retail sales plunge 40.5% in April amid COVID-19 circuit breaker measures

Singapore retail sales plunged 40.5 per cent year-on-year in Apr as the COVID-19 pandemic and “circuit breaker” measures shuttered non-essential businesses across the country, data released by DOS showed on Fri. Analysts said retail sales could begin recovering…

Singapore fishery ports to be consolidated amid review of fresh food wholesale industry

Singapore consumers will be able to buy wholesale seafood at a single location in several years’ time, amid a consolidation of the country’s fishery ports. This was announced on Fri by SFA, which is also embarking on a…

Trimming of green verges to be stepped up as measures ease after circuit breaker

NParks will gradually step up the trimming of green verges as measures are eased after the “circuit breaker” period, Senior Parliamentary Secretary for National Development Sun Xueling said in Parliament on Fri. Regular maintenance of the green verges…

Most mosques to extend opening hours for five daily prayers as phased reopening continues

More than half of Singapore’s mosques will extend their operating hours to be open for the five daily prayers from next week, as part of progressive reopening plans amid the COVID-19 situation. Mosques in Singapore partially reopened on…

Seller of 8 @ Mount Sophia unit makes $1.1 mil profit

Despite being eight weeks into the “circuit breaker”, the seller of a three-bedroom unit at 8 @ Mount Sophia managed to turn in a healthy profit when the property was sold on May 26. It was also the…

The reimagined office

1) The office will have a new function – Instead of a workplace to report to physically, it will “provide inspiring destinations that strengthen cultural connection, learning, bonding with customers and colleagues, and foster creativity and innovation”, says…

Manufacturing tops resilience and rebound ranking: Colliers

The top three sectors that hold the greatest “resilience and rebound potential” amid the Covid-19 pandemic are manufacturing, technology and hospitality, according to the Resilience and Rebound Ranking Report by Colliers Intl. The report identifies the most resilient…

A pair of two-bedders at Seahill priced below $1.3 mil each

A pair of two-bedroom units at Seahill, off West Coast Road in Clementi, is on the market for prices under $1.3 million. The two units were originally scheduled to be put up for auction that was cancelled due…

‘Star buys’ at Sloane Residences at prices from $2,628 psf

TSky Development, a JV between listed construction groups Tiong Seng Holdings and Ocean Sky Intl, has released five units as “star buys” at its high-end condo, Sloane Residences. Launched on June 2, the promotional prices for the five…

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