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Daily Archives: 2018-10-19

Singapore has 183,737 millionaires with 1,000 “crazy rich”

According to the 2018 Global Wealth Report published by Credit Suisse Research Institute (CSRI) yesterday (18 Oct), Singapore is now ranked ninth in the world in terms of household wealth per adult, giving it the highest rank in Asia. It is now even higher than Hong Kong, which was ranked above Singapore in 2000. Wealth per adult in Hong Kong …

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A new Orchard Road on the horizon, says Senior Minister Chee Hong Tat

Orchard Road is in line for a revamp, says Senior Minister of State for Ministry of Trade & Industry Chee Hong Tat at ITB Asia 2018 on 17th October. As part of the latest strategies to attract tourist to Singapore, Mr Chee said that plans are being made to transform Singapore’s famed Orchard Road into more than just a shopping …

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Why is SGX promoting Temasek retail bonds?

I received an email from the Singapore Stock Exchange (SGX) on Thursday - an invitation to attend a seminar on Temasek's retail bond. The retail bond which is being offered by Singapore's sovereign wealth fund, was launched on Wednesday (17 Oct). This bond comes with a five-year maturity and a fixed interest rate of 2.7 per cent Up to $200 million of …

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Founders’ Memorial to be built at Bay East Garden

In a press release today (19 Oct), the Founders’ Memorial committee has declared that a five-hectare site at Bay East Garden will be allocated for the "home of the Founders’ Memorial". The memorial is to commemorate the values and ideals of Singapore’s pioneering PAP leaders. The site will include a garden, within which an indoor gallery will be built including …

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UnionPay cards issued outside mainland China, exceeds 100 million

UnionPay International announced on Thursday that the number of UnionPay cards issued outside the Chinese Mainland has exceeded 100 million. The volume of transactions made with these overseas-issued UnionPay cards has grown by over 40% during the first three quarters of this year. In some markets outside mainland China, over 90% of the transactions made with locally-issued UnionPay cards happen …

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Jurong West Hawker Centre is revising its tray refund programme, following feedback

The operator for Jurong West Hawker Centre, Hawker Management said in a statement that customers will be charged a deposit for using trays. This follows the call-out by KF Seetoh on Facebook on the policy of hawkers paying their customers 20 cents for returning food trays. The management had also received several complaints for stallholders about the tray-return programme that …

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Documentation of diphtheria and measles vaccination required for foreign-born children applying for long-term immigration passes

Foreign-born children will have to submit documentation of diphtheria and measles vaccination as a prerequisite for the application of long-term immigration passes in Singapore with effect from 1 February 2019, announced the Ministry of Health (MOH) on Thursday(18 October). In a press release, MOH stressed that vaccination confers a person protection against infectious diseases, and is especially important for children as they …

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SMRT Feedback trying to redeem themselves after hitting on KF Seetoh

The SMRT Feedback Facebook page has had a wild ride this week. After deleting two of their previous posts on the topic of social enterprise managing hawker centres and KF Seetoh, SMRT Feedback by The Vigilanteh has published a relatively measured post highlighting the contract between the Our Tampines Hub (OTH) and their hawkers, calling the agreement ‘legal gangsterism’ and …

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