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  • Thumbprint scanning to be extended to car travellers at Tuas, Woodlands checkpoints

    September 25, 2017 1:55 AM 1

    SINGAPORE: Thumbprint scanning will soon be extended to all car travellers at the Tuas and Woodlands checkpoints, the Immigration and Checkpoints Authority (ICA) said on Monday (Sep 25). The BioScreen system, which captures the thumbprints of those arriving at and departing from Singapore's checkpoints, will be progressively implemented at car counters

  • Deliveroo is now valued at over $2 billion after investors pumped in another $385 million

    September 24, 2017 9:21 AM 3

    Deliveroo has raised $385 million (£285 million) from investors in a huge funding round that values it at over $2 billion (£1.48 billion) and makes it one of the most valuable tech companies in the UK. Total investment in the London-based startup, which employs over 1,000 people worldwide, now stands at around $857 million (£635 million). The lead investors

  • PropNex property agent suspended 7 months and fined S$6,000 for misconduct while representing senile client

    September 22, 2017 8:05 AM 3

    SINGAPORE – A property agent has been suspended and slapped with a fine by the Council for Estate Agencies’ (CEA) for misconduct in the sale of a Housing and Development Board (HDB) flat owned by an elderly couple in their 80s, one of whom has dementia. The PropNex Realty agent, Ng Ser Leong, 44, learned that the elderly man had wanted to sell the flat in August

  • Property agent fined, suspended for misconduct when dealing with elderly clients

    September 22, 2017 4:23 AM 3

    SINGAPORE - PropNex Realty property agent Ng Ser Leong, 44, has been sentenced by the Council for Estate Agencies' (CEA) disciplinary committee for two charges of breaching its Code of Ethics and Professional Client Care (CEPCC) while representing an elderly couple in their 80s in selling their Housing and Development Board flat. Ng was fined $6,000 and banned

  • Boeing sees growth in demand for airplanes in Southeast Asia

    September 22, 2017 4:10 AM 3

    Boeing Co said it sees demand for new airplanes worth $650 billion in Southeast Asia over the next two decades. The world's biggest plane maker projected a demand for 4,210 new airplanes in the region over the next 20 years, adding it saw annual traffic growth in Southeast Asia at 6.2 percent. Single-aisle airplanes, like the 737 MAX, would account

  • CPF interest rates extended till end 2018

    September 22, 2017 4:04 AM 3

    SINGAPORE – There will be no change to the minimum 4 per cent interest earned on your CPF Special, Medisave and Retirement Account (SMRA) monies until the end of 2018, the Central Provident Fund (CPF) and Housing Development Board (HDB) said on Friday (Sept 22). 
In a joint media statement, the 4 per cent interest rate for the SMRA, which was due to expire

  • Sun Rosier condo fetches $271m in latest en-bloc sale, 15% higher than asking price

    September 22, 2017 1:46 AM 3

    SINGAPORE - Owners of the 78 units of Sun Rosier are set to pocket between S$2.86 million and S$4.77 million each after the condominium off Bartley Road fetched a top bid of S$271 million in Singapore's latest collective sale, about 15 per cent more than the asking price of S$235 million. There were four bids for the freehold development in How Sun Drive

  • Man convicted of distributing 280 obscene films he possessed

    September 21, 2017 11:40 AM 4

    SINGAPORE — A 27-year-old sales engineer was the first among five accused to be convicted on Thursday (Sept 21) of possessing obscene films of women in changing rooms and bathrooms, which were shared with members of an online forum. Joel Chew Weichen, who pleaded guilty to one charge under the Films Act, will be sentenced later. The police had found

  • GIC acquires 51% stake in Sheraton Grande Tokyo Bay hotel

    September 21, 2017 7:57 AM 3

    SINGAPORE - GIC, Singapore's sovereign wealth fund, will enter into a joint venture with Invincible Investment Corporation, a Japanese public hotel and residential reit, to acquire a 51 per cent majority stake in Sheraton Grande Tokyo Bay hotel for US$463.6 million (S$623.9 million), the company said in a release on Thursday (Sept 21). The Sheraton Grande

  • Capitaland Commercial Trust buys Asia Square Tower 2 for $2.09b

    September 21, 2017 6:14 AM 3

    SINGAPORE - CapitaLand Commercial Trust (CCT) is acquiring Asia Square Tower 2 in Marina Bay from US private equity giant BlackRock for S$2.09 billion or S$2,689 per square foot. The sale of Asia Square Tower 2 is the latest in recent blockbuster deals in Singapore's office market and comes a little more than a year after BlackRock sold the larger Tower