Monthly Archives: July 2016

Fully-electric taxis to operate in Singapore from September

A fleet of fully-electric taxis will roam Singapore’s roads from the first week of September this year. One hundred of these vehicles will be rolled out by the first quarter of 2017 as part of a trial. HDT Singapore Taxi, which is making its foray into the taxi market, will run this operation as a first-time event. In a media …

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Mandai development plans changed to reduce environmental impact

The project’s developer of Mandai eco-tourism hub announced that some plans need to be changed in order to reduce the impact caused by the construction toward habitats, wildlife and vegetation, and it also cause pollution. Singapore Zoo, Night Safari and River Safari are currently occupied the area. But two new attraction will be added, and by 2023, the 126ha mega-attraction will …

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AGO report shows what SAF officers can do but CPF members cannot

By Chris Kuan The Auditor-General Office (AGO)’s report certainly shone a light on something very interesting in my view. This is the unauthorised investment of circa $50m in US Real Estate Investment Trust (REIT) and Exchange Traded Fund (ETF). The interesting bit is not the unauthorised investment which is not uncommon in asset management (usually because authorisation is slow in …

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McDonald’s plans to sell franchise rights in Singapore and Malaysia

According to the Bloomberg site, McDonald’s Corp. is planning a sale of 20-year franchise rights in Malaysia and Singapore that could collectively fetch at least US$400 million as a part of move away from direct ownership, people with knowledge of the matter said. Singapore has more than 120 McDonald’s restaurants with around 9,000 employees. While Malaysia chain has more than …

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Japan knife attack leaves 19 dead, 26 severely injured

TOKYO – At least 19 people were killed and 26 injured in a stabbing spree at a facility for disabled people west of Tokyo on Tuesday morning. Officer Satomi Kurihara of the Sagamihara Fire Department confirmed the death toll at the Tsukui Yamayurien facility in Sagamihara, Kanagawa Prefecture, a residential area approximately 40 kilometers west of the capital. The 19 people …

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Why history matters to Singapore

The following is the text of Dr PJ Thum’s remarks at the Singapore Theatre Festival’s Art and Life Session #03, “History, His Story, Whose Story?”, Sunday 24 July 2016. His fellow speakers were Tan Pin Pin, Sonny Liew, and Jason Soo, and the panel was moderated by Alfian Sa’at. By Thum Ping Tjin Our assumptions about our past shape how …

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AGO: MINDEF invested $50.26 million without approval of its Board of Trustees

In its audit report for Financial Year 2015/2016 which was published on 26 July, the Auditor-General Office (AGO) noted that Ministry of Defence (MINDEF) invested $50.26 million in a United States (US) Real Estate Investment Trust (REIT) exchange-traded fund (ETF) without the approval of the SAVER-Premium Fund’s Board of Trustees (BOT). AGO further notes that MINDEF had made the investment through …

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HDB failed to detect evasion of parking fees and no actions taken against evaders

In its audit report for Financial Year 2015/2016 which was published on 26 July, the Auditor-General Office (AGO) found that there had been inadequate monitoring of car park operations and enforcement by the Housing Development Board (HDB), a statutory board under the Ministry of National Development (MND) Lapses at industrial carparks AGO’s test checks on the records of five car parks at industrial …

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AGO: MOM purchases 432k computer system and left it unused

In its audit report for Financial Year 2015/2016 published on 26 July, the Auditor-General Office (AGO) found that found that the Ministry of Manpower (MOM) bought a computer system, a Document Generator System (DGS), for a sum of $432,407 for integration with its Foreign Domestic Worker System (FDWS) only to find that it could not be integrated. AGO states that the …

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Failure by NUS and NTU to remind recipients of scholarship obligations and impose liquidated damages

In its audit report for Financial Year 2015/2016 published on 26 July, the Auditor-General Office (AGO) found that the Ministry of Education (MOE) did not maintain adequate oversight of the Nanyang Technological University (NTU) and the National University of Singapore (NUS) to ensure that recipients under a scholarship scheme who failed to serve their bonds were reminded of their scholarship …

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