Daily Archives: February 3, 2021 (32 Articles Found)

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Two strata office floors at Suntec Tower 2 going for $76 mil

Two floors of strata offices at Suntec Tower 2 have been put up for sale via an EOI exercise by C&W The office spaces are located on the sixth and 11th floors and each has a strata floor…

Viz Branz CEO Ben Chng buys Swettenham Close GCB for $48 million

Ben Chng, CEO of local instant beverage maker Viz Branz, has purchased a Good Class Bungalow at Swettenham Close for $48 million, based on a property title search on INLIS. The price of the relatively new bungalow, sitting…

World Economic Forum moves meeting in Singapore from May to August due to coronavirus pandemic

WEF said on Wed that its annual meeting, which has already been postponed and moved from Switzerland to Singapore, will be pushed back again due to pandemic-related challenges. The annual gathering of the world’s political, economic and business…

As Metro mulls exit from department store business, DBS weigh the implications on SPH REIT and FCT

As Metro contemplates the potential closure of its two remaining outlets in Singapore, DBS Group Research analysts Geraldine Wong and Derek Tan weigh the implications its closure will have on SPH REIT and Frasers Centrepoint Trust (FCT). There…

BTO we review May 2021 HDB BTO launch sites (Tengah, Woodlands, Bukit Merah, Geylang)

1) Tengah – is the newest HDB town, so to be frank there’s nothing much in the area right now. The current plot will eventually be close to the Hong Kah MRT station; we estimate this to be…

Wing Tai Holdings posts 73% growth in 1H20 earnings to $56.8 mil

Wing Tai Holdings reported earnings of $56.8 million for the 1HFY2020 ended Dec, 73% higher than earnings of $32.8 million from the year before. Group revenue for the period rose 33% y-o-y to $243.4 million due to the…

Singapore R&D pioneer Louis Lim dies at 81

Professor Louis Lim, a pioneer in Singapore’s R&D efforts, died last Fri. He was 81. ST understands he died from Covid-19 complications in JB. He had grown frail in the last few months after suffering a stroke. Prof…

Cleaning robots deployed at Circle Line stations

Cleaners keeping stations along the Circle Line spick and span now have a troop of 13 robots to lend a helping hand. The robots, which will be shared between two to three stations, can clean large floor areas…

$900 million given to landlords under rental relief framework

As the pandemic swept Singapore and many distressed tenants found themselves struggling to cope with their rentals, a relief framework put in place last year kept many businesses afloat while propping up their landlords. About $900 million in…

PAP MPs support law, but several worry police powers will be restricted

If a child is stalked and molested by a paedophile, and data collected by the TraceTogether programme is the only clue available, the police would not be able to use this information to arrest the suspect. This is…

Control measures in place at other malls, shops in Chinatown

There were visible crowd control measures in place – SafeEntry check-ins, temperature scanning and safe distancing ambassadors – at various stalls in Pagoda St, Temple St and Trengganu St when ST visited them yesterday afternoon. No queues were…

Fewer visitors at Chinatown Complex wet market as experts remind shoppers of Covid-19 risk

Shoppers seemed more mindful of safe mgmt measures at the Chinatown Complex wet market on Wed morning. Queues continued to form at some popular stalls selling seafood and steamboat ingredients, but they were nowhere as long as those…

Bukit Timah Truss Bridge carries message of sustainability to welcome the new year

It all started 2½ weeks ago, when a resident asked Ms Sim Ann, MP and adviser to Holland-Bukit Timah grassroots organisations, if there were going to be any CNY decorations in the neighbourhood. Ms Sim had no such…

1 community case among 18 new COVID-19 infections in Singapore; NewOcean 6 cluster closed

One community case was among the 18 new COVID-19 infections reported in Singapore on Wed, said MOH. The community case is a 35-year-old Indian national who tested positive two weeks after her stay-home notice ended. The long-term visit…

34 Chinatown visitors fined for not wearing masks, gathering in groups of more than 8

A total of 34 people have been fined in Chinatown since Jan 15 for not wearing face masks or gathering in groups of more than eight. Each person was fined S$300, Singapore Tourism Board said on Wed. During…

Additional serology tests for newly arrived maids, confinement nannies with recent travel history to higher-risk areas: MOM

From Fri, foreign domestic workers and confinement nannies who have recent travel history to higher-risk countries or regions must take a serology test on arrival, which will help identify those who have recovered from an old Covid-19 infection.…

Majority of Singaporeans prioritise environmental protection over economic growth: IPS survey

More than three in five Singaporean respondents in a survey released on Wed believe that protecting the environment should be prioritised over economic growth. Younger, more educated and more affluent respondents were more likely to feel this way.…

Sun Cable, Australian NTG ink Australian-ASEAN Power Link deal

Singapore-based Sun Cable and the Australian Northern Territory Government (NTG) have signed a project development agreement for the Australian-ASEAN Power Link (AAPL), which would see the territory hosting one of the largest renewable energy systems across the globe.…

CDL declares 2030 net zero target

CDL has made a commitment to be carbon neutral by 2030. The multinational, which owns more than 24 million sqft of floor area in residential, commercial and hospitality assets in 29 countries, declared on Wed that it aims…

Six shophouses at Joo Chiat Place sold for more than S$2m each

Six shophouses at Joo Chiat Place have been sold for prices ranging from S$2.65 million to S$2.72 million. Four out of six of the two-bedroom units were sold in the past eight months, bought mainly by young Singaporean…

Singapore to move ahead with Sora transition by year-end

Singapore will press ahead with its industry transition to Sora as the new interest rate benchmark by the end of this year, even as the discontinuation of a key global benchmark – the scandal-tainted Libor – could be…

Retailers seeking avenues to renegotiate leases

Ahead of this year’s Budget on Feb 16, retail tenants are hoping for measures to help them renegotiate lease terms with landlords, as fair tenancy talks make slow progress and some landlords seek higher rents. A new fair…

A brighter year beckons for the F&B industry

1) The growth of delivery – In two of the consumer studies I did on restaurant delivery in Singapore, over half of respondents had ordered food delivery at least once a week before the circuit breaker. That increased…

Chinatown still crowded despite lack of bazaar

Over the weekend, I pounded the streets of Chinatown. I explored Mosque St, Pagoda St, Temple St, Smith St and Sago St. I was under the impression these places would be rather quiet, considering that the annual Chinatown…

Have speed bumps at bus stops to slow cyclists

There are many cyclists on footpaths now, especially those delivering food during this pandemic period. However, cyclists have been seen disregarding the safety of pedestrians, especially when they fail to slow down at bus stops. Speed bumps should…

Singapore property firms face setback as workers stay home

Singapore’s battered property firms are hitting a snag in their recovery after rising coronavirus infections led to an extension of remote work in the city-state. Shares of commercial developers and REITs have fallen since authorities announced last month…

Koh Brothers reverses from net loss in 1H20 to earnings of $2.9 mil in 2H20

Koh Brothers reported earnings of $2.9 million for the 2HFY2020 ended Dec, putting it back in the black from the $17.8 million net loss posted in 1HFY2020. Y-o-y, the group’s earnings were 14% lower compared to earnings of…

Crowds pack Chinatown wet market to stock up on seafood

Safe distancing requirements amid the Covid-19 pandemic did not stop hundreds of shoppers from descending on the wet market at Chinatown Complex on Tues morning. The shoppers, many of whom had come from places as far as Woodlands…

Single check-in with TraceTogether app, token will suffice in future

The inconvenience of checking in and out with SafeEntry at different stores within a shopping centre will be a thing of the past once compulsory TraceTogether-only SafeEntry kicks in. A single check-in with the TraceTogether app or token…

Singtel debuts Singapore’s first commercial indoor 5G network at VivoCity

In a milestone for Singapore’s 5G rollout, local telco Singtel announced on Feb 3 that it has brought 5G indoors at VivoCity, the Republic’s largest mall. The launch represents the first step in Singtel’s expanding in-building coverage to…

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