Daily Archives: April 27, 2021 (40 Articles Found)

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‘Buy’ Frasers Centrepoint Trust on stable performance: analysts

Analysts from CGS-CIMB Research, OCBC Investment Research (OIR), PhillipCapital and UOB Kay Hian have maintained “add” or “buy” on Frasers Centrepoint Trust (FCT) as the trust reported an improved DPU of 5.996 cents for the 1HFY2021 ended Mar.…

CICT’s 1Q21 performance in line with expectations, shows signs of recovery: analysts

Analysts covering CapitaLand Integrated Commercial Trust’s (CICT) are mostly upbeat on its 1QFY2021 ended Mar business update which was released on Apr 26. UOB Kay Hian’s Jonathan Koh, CGS-CIMB’s Lock Mun Yee, and RHB’s Vijay Natarajan say that…

Singtel accelerates 5G push, looks set for 5G Standalone

Singtel has begun its push for 5G, as it deploys hundreds of 5G Standalone (SA) sites across Singapore. The 5G SA sites run on 3.5GHz spectrum which enables the telco to deliver ultra-fast speeds and swifter response times,…

MAS and private sector partner to strengthen Singapore’s fund management ecosystem

MAS and the private sector have embarked on a partnership to strengthen Singapore’s value proposition as a leading full-service asset mgmt and fund domiciliation hub. The Singapore Funds Industry Group (SFIG) will bring together the key players across…

UOB KH warns of possible cooling measures for SG property market

UOB Kay Hian analysts Adrian Loh has warned of possible cooling measures in the Singapore property market, saying in a Apr 27 note that “The strength in the Singapore property market, evidenced by strong sets of data in…

Sabana REIT catches a break as unitholders retain general mandate and DRP

In the past almost one year, Sabana Shariah Compliant Industrial REIT has received outsized attention despite its relatively modest size. This is partly due the completion of NTP+, a new mall that will raise rental revenue; and partly…

Kencana Agri sells Singapore property for US$2.3 mil

Sawindo Agri, a wholly-owned subsidiary of Kencana Agri, is disposing a property located at 36 Armenian St for a consideration of US$2.33 million ($3.09 million) to one Foo Maw Shen. In a filing to SGX dated Apr 27,…

‘Eco Care’ home and renovation loan launched by OCBC offering lower rates and rewards

OCBC on Mar 31st, launched ‘Eco-Care’ Home and Renovation Loans which use BCA’s Tropical Home Energy Efficiency Assessment (THEEA) as the criteria to determine an applicant’s eligibility. This is the first time that the THEEA is used as…

Potential property cooling measures in 2021

The property market in Singapore is seriously heating up. All the statistics seem to point to the fact that another round of cooling measures seems to be on the cards. So for the sake of doing an intellectual…

Second-timer HDB buyers: What are the grants and subsidies available for your second HDB flat?

With HDB prices inching up every quarter, perhaps you are thinking about selling your first HDB flat and then upgrading or rightsizing to a second HDB flat. While there are plenty of guides for first-time HDB buyers, few…

Singapore is now the world’s best place to be during covid

The Covid-19 news from Apr is a mixed bag. While the world topped one billion doses of vaccines administered in an unprecedented global effort, virus variants are challenging the fight and driving overall infection levels to fresh records.…

Record 23 HDB flats in non-mature estates resold for over S$800,000 in 1Q 2021

Amid a pandemic property upswing that has already set off concerns about home affordability, the rising prices of resale flats in non-mature estates such as Punggol, Sengkang and Choa Chu Kang have also caught the attention of some…

Seafarer is sole Covid-19 community case in Singapore; 11 imported infections

The sole community Covid-19 case reported in Singapore on Tues is a 42-year-old seafarer who is linked to previously confirmed infections. The 42-year-old Indonesian man had been working on board the bunker tanker MT ALLI. He has not…

106 children at pre-school in Paya Lebar experience gastroenteritis symptoms

More than 100 children at a pre-school in Paya Lebar were reported to have symptoms of gastroenteritis earlier this month. ECDA, MOH and SFA said on Tues that they are investigating the incident involving pre-schoolers from Superland Pre-school,…

Mosque in Sembawang to close for two days after visit by Covid-19 case: Muis

The Masjid Petempatan Melayu Sembawang was on Tues closed for two days for cleaning and disinfection, after it emerged that a Covid-19 case had visited the mosque. Muis said this in a FB post, adding that it was…

Dimbulah Coffee’s CBD blend hits snag; it’s closing 3 outlets amid S$4.4m liabilities, landlord lawsuits

Singapore-based Dimbulah Coffee is set to exit three of its dozen-odd outlets by May 1, amid liabilities of S$4.4 million as of end-2020, BT has learnt. The coffee chain’s operator, CW2001 Pte Ltd, has filed for restructuring and…

Cambodian-Chinese pair pays S$33.5 million for Hilltops penthouse

SC Global Developments has sold another penthouse at its Hilltops condo in Cairnhill Circle, this time for S$33.5 million or S$3,995 psf on a strata area of 8,385 sqft. It is being bought by Chen Liangbin, a Cambodian…

Not good enough to just show sympathy each time there’s an accident involving migrant workers

I refer to the letters “Unsafe mode of transportation for migrant workers has continued for years” and “Take care of migrant workers as we do our own children” (April 23), and agree that Singapore needs to mandate safe…

Viable care options needed for seniors, to free younger ones to do their own thing

I refer to the article by ST correspondent Yuen Sin (Filial piety norms: Caught between two worlds). She expressed her thoughts about having to navigate between starting her own family and caring for her elderly parents. As a…

COVID-19: Actor Terence Cao to plead guilty over 13-person gathering at his house

Local actor Terence Cao will be pleading guilty to his charge of permitting 12 individuals to enter his house for a birthday celebration in Oct last year, his lawyer told the court on Tues. Cao’s lawyer, S S…

‘We are very prepared’: Hotels, attractions look forward to Singapore-Hong Kong air travel bubble

Hotels and attractions in Singapore are looking forward to welcoming foreign guests following the relaunch of a long-awaited air travel bubble with Hong Kong, which they described as a “positive step forward” for the battered tourism industry. But…

Replacement works on North-East Line completed ahead of schedule; no more early closures for May

The early closure of some stations on the NEL scheduled for next month will no longer be needed after replacement works for the MRT line’s power system was completed ahead of schedule, SBST said on Tues. In a…

NParks advises Upper Thomson condo to fix gaps in fences after wild boars enter compound

NParks has advised the mgmt of a condominium off Upper Thomson Road on how to fix gaps in its fences which could have allowed wild boars onto the premises, the agency said on Tues. This comes after a…

Calls to review practice of transporting workers in lorries after 2 accidents

The practice of ferrying workers by lorry is once again in the spotlight after dozens of workers were injured in two separate accidents last week. Following the fatal accident, a number of people and organisations have spoken out…

Want others to return their trays? Keep doing it yourself so they will follow suit

Eight years ago, Singapore started its nationwide tray return campaign to encourage patrons to return their trays and used crockery at dining establishments. Yet, evidently, Singapore has not found the key to solving this longstanding issue, as many…

NTU, A*Star and SFA set up new outfit to research food safety

As novel food forms such as cell-cultured meat make their mark in Singapore, three agencies here have come together to establish a new outfit to drive research into food safety. Called the Future Ready Food Safety Hub, or…

Monkey in Punggol snatches elderly woman’s bag, ransacks it

A monkey became a snatch thief and a self-appointed inspection officer all at once after fleeing with a woman’s bag in Punggol on Sun morning. Stomp contributor Tan said the monkey snatched an elderly woman’s sling bag from…

Pest issues again? 7 to 8 rats spotted feasting on produce at infamous Bukit Panjang vegetable stall, says resident

After a video of a Bukit Panjang vegetable stallholder spraying insecticide on garlic went viral last month, concerns have surfaced over a rat infestation at the stall, Lianhe Wanbao reported. A 53-year-old resident stated that he regularly sees…

Deliveroo Singapore to deliver groceries from Giant and Cold Storage

Deliveroo Singapore has partnered with Dairy Farm to offer a grocery-delivery service from Giant and Cold Storage stores across the city-state. The partnership will allow customers to order from 25 Cold Storage outlets and 30 Giant stores with…

CICT net property income up 66.6% to $247m

CapitaLand Integrated Commercial Trust (CICT) has posted a NPI of $247.1m for the first quarter of 2021. In a bourse disclosure, CICT said this is a 66.6% increase from last year’s figures. Retail spaces of CICT have been…

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