Om Mani Padme Hum
- wong chee tat :)
Monday, June 6, 2016
Qatar sovereign wealth fund to buy Asia Square Tower 1 for record S$3.4b
Qatar sovereign wealth fund to buy Asia Square Tower 1 for record S$3.4b
The sale of the 43-storey office building to Qatar Investment Authority is the largest-ever single-tower real estate deal in the Asia-Pacific region.
Posted 06 Jun 2016 10:28 Updated 06 Jun 2016 12:05
SINGAPORE: BlackRock has agreed to sell a 43-storey office building in Singapore to Qatar Investment Authority, a sovereign wealth fund, for S$3.4 billion, in what the US firm said was the largest-ever single-tower real estate deal in the Asia-Pacific region.
Asia Square Tower 1, located along Marina View at Marina Bay, has more than 1.25 million square feet of net lettable area and has Citigroup as its anchor tenant, BlackRock and Qatar Investment Authority said in a joint statement.
BlackRock was advised by real estate consultant firms JLL and CBRE.
"Following this flagship transaction, we expect there will be increasing investor interest in Singapore prime office stock in the coming months," Greg Hyland, head of capital markets Singapore at JLL, said in a separate statement.
The sale comes as vacancy rates in Singapore's office property sector are nearing their highest level in almost a decade, with the supply of commercial space set to increase amid slowing economic growth.
Developers are set to add 4 million square feet of office space in Singapore this year and another 1.4 million next year, said Nicholas Mak, executive director at SLP International Property Consultants.
BlackRock also owns a second tower in the Asia Square development.
(Reporting by Aradhana Aravindan; Editing by Kenneth Maxwell and Edwina Gibbs)
- Reuters/cy
- wong chee tat :)
The sale of the 43-storey office building to Qatar Investment Authority is the largest-ever single-tower real estate deal in the Asia-Pacific region.
Posted 06 Jun 2016 10:28 Updated 06 Jun 2016 12:05
SINGAPORE: BlackRock has agreed to sell a 43-storey office building in Singapore to Qatar Investment Authority, a sovereign wealth fund, for S$3.4 billion, in what the US firm said was the largest-ever single-tower real estate deal in the Asia-Pacific region.
Asia Square Tower 1, located along Marina View at Marina Bay, has more than 1.25 million square feet of net lettable area and has Citigroup as its anchor tenant, BlackRock and Qatar Investment Authority said in a joint statement.
BlackRock was advised by real estate consultant firms JLL and CBRE.
"Following this flagship transaction, we expect there will be increasing investor interest in Singapore prime office stock in the coming months," Greg Hyland, head of capital markets Singapore at JLL, said in a separate statement.
The sale comes as vacancy rates in Singapore's office property sector are nearing their highest level in almost a decade, with the supply of commercial space set to increase amid slowing economic growth.
Developers are set to add 4 million square feet of office space in Singapore this year and another 1.4 million next year, said Nicholas Mak, executive director at SLP International Property Consultants.
BlackRock also owns a second tower in the Asia Square development.
(Reporting by Aradhana Aravindan; Editing by Kenneth Maxwell and Edwina Gibbs)
- Reuters/cy
- wong chee tat :)
Companies looking to adopt FinTech may soon have more leeway
Companies looking to adopt FinTech may soon have more leeway
The Monetary Authority of Singapore on Monday issued a consultation paper on proposed guidelines for a regulatory sandbox for experiments for new financial services.
Posted 06 Jun 2016 10:14
SINGAPORE: It might be easier for financial institutions and other companies here to experiment with financial technology (FinTech) offerings in the future, with regulator Monetary Authority of Singapore (MAS) issuing guidelines for a regulatory sandbox for such services on Monday (May 6).
The central bank said in its press release that while the fast-evolving FinTech landscape encourages financial institutions to test and introduce such innovations, there are circumstances where it is less clear whether the FinTech offering complies with regulatory requirements or poses unacceptable risks.
"The uncertainty may stifle promising innovations, and may result in missed opportunities." MAS added.
With the regulatory sandbox, companies can test these new financial services in a more relaxed regulatory environment but within a well-defined space and duration, it said.
The FinTech services can then be assessed on criteria such as its innovativeness, whether the company intends to deploy the solution on a broader scale and whether the service brings benefits to consumers and the industry, MAS elaborated.
Ms Jacqueline Loh, Deputy Managing Director of MAS, said: “The sandbox will help reduce regulatory friction and provide a safer environment for FinTech experiments. We believe this will give innovations a better chance to take root.”
The public consultation will be open from Jun 6 to Jul 8, MAS said.
- CNA/kk
- wong chee tat :)
The Monetary Authority of Singapore on Monday issued a consultation paper on proposed guidelines for a regulatory sandbox for experiments for new financial services.
Posted 06 Jun 2016 10:14
SINGAPORE: It might be easier for financial institutions and other companies here to experiment with financial technology (FinTech) offerings in the future, with regulator Monetary Authority of Singapore (MAS) issuing guidelines for a regulatory sandbox for such services on Monday (May 6).
The central bank said in its press release that while the fast-evolving FinTech landscape encourages financial institutions to test and introduce such innovations, there are circumstances where it is less clear whether the FinTech offering complies with regulatory requirements or poses unacceptable risks.
"The uncertainty may stifle promising innovations, and may result in missed opportunities." MAS added.
With the regulatory sandbox, companies can test these new financial services in a more relaxed regulatory environment but within a well-defined space and duration, it said.
The FinTech services can then be assessed on criteria such as its innovativeness, whether the company intends to deploy the solution on a broader scale and whether the service brings benefits to consumers and the industry, MAS elaborated.
Ms Jacqueline Loh, Deputy Managing Director of MAS, said: “The sandbox will help reduce regulatory friction and provide a safer environment for FinTech experiments. We believe this will give innovations a better chance to take root.”
The public consultation will be open from Jun 6 to Jul 8, MAS said.
- CNA/kk
- wong chee tat :)
Jalan Besar Plaza up for sale again, this time for S$380m
Jalan Besar Plaza up for sale again, this time for S$380m
A public tender to sell the building at S$390 million last November failed to attract any bids.
Posted 06 Jun 2016 11:48 Updated 06 Jun 2016 11:49
SINGAPORE: Jalan Besar Plaza will be put up for sale again after a bid to sell the building last November failed, real estate group Huttons said on Monday (Jun 6).
The 36-year-old building will be launched for public tender on Tuesday at a minimum price of S$380 million, or S$2,115 per square foot per plot ratio. The sale in November had priced the building at S$390 million but did not receive any bids.
The 16-storey building has a three-storey commercial podium, 44 residential apartments and 111 commercial units. It is on a freehold site of 4,927.8 metres.
The tender in November had a development charge of S$7.63 million, which has been scrapped this time round. That tender also listed the building’s gross floor area available for redevelopment at 14,783.4 square metres, based on a plot ratio of 3.
The building’s owners have since sought approval from the Urban Redevelopment Authority (URA) that the overall gross floor area of 16,694.23sqm can be redeveloped.
Any redevelopment will have to comply with the 2014 Master Plan, which zoned the site under commercial and residential use.
URA is also prepared to consider the site being redeveloped for serviced apartments, Huttons said. However, the number of units and layout would be subject to evaluation and compliance with the requirements of relevant authorities.
The closing date for the tender is Jul 14 at 3pm.
- CNA/cy
- wong chee tat :)
A public tender to sell the building at S$390 million last November failed to attract any bids.
Posted 06 Jun 2016 11:48 Updated 06 Jun 2016 11:49
SINGAPORE: Jalan Besar Plaza will be put up for sale again after a bid to sell the building last November failed, real estate group Huttons said on Monday (Jun 6).
The 36-year-old building will be launched for public tender on Tuesday at a minimum price of S$380 million, or S$2,115 per square foot per plot ratio. The sale in November had priced the building at S$390 million but did not receive any bids.
The 16-storey building has a three-storey commercial podium, 44 residential apartments and 111 commercial units. It is on a freehold site of 4,927.8 metres.
The tender in November had a development charge of S$7.63 million, which has been scrapped this time round. That tender also listed the building’s gross floor area available for redevelopment at 14,783.4 square metres, based on a plot ratio of 3.
The building’s owners have since sought approval from the Urban Redevelopment Authority (URA) that the overall gross floor area of 16,694.23sqm can be redeveloped.
Any redevelopment will have to comply with the 2014 Master Plan, which zoned the site under commercial and residential use.
URA is also prepared to consider the site being redeveloped for serviced apartments, Huttons said. However, the number of units and layout would be subject to evaluation and compliance with the requirements of relevant authorities.
The closing date for the tender is Jul 14 at 3pm.
- CNA/cy
- wong chee tat :)
9 polyclinics hit by IT system disruption
9 polyclinics hit by IT system disruption
The disruption, which lasted for an hour, affected the Ang Mo Kio, Bukit Batok, Choa Chu Kang, Clementi, Hougang, Jurong, Toa Payoh, Woodlands and Yishun Polyclinics.
Posted 06 Jun 2016 14:29
SINGAPORE: Patients were turned away and others had to wait longer than usual after nine polyclinics were hit by IT system disruptions on Monday morning (Jun 6).
The disruption, which lasted for an hour, affected the Ang Mo Kio, Bukit Batok, Choa Chu Kang, Clementi, Hougang, Jurong, Toa Payoh, Woodlands and Yishun Polyclinics. All nine are managed by the National Healthcare Group Polyclinics (NHGP).
Singapore has a total of 18 polyclinics. The other nine polyclinics are managed by Singapore Health Services (SingHealth) and were unaffected by the IT system disruption.
Responding to queries from Channel NewsAsia, NHGP said it experienced “intermittent IT system disruptions and slowness” from 8.20am to 9.20am.
Waiting times were longer than usual, but patients with urgent medical conditions were expedited for treatments, NHGP said, adding that the polyclinics carried out manual registrations during the downtime.
“We are closely monitoring the system performance and investigating the cause of the IT system issues,” it said.
Among those affected was Mr Quek Jia Wei, who brought his baby to Ang Mo Kio Polyclinic for a scheduled vaccination.
Writing on NHG’s Facebook page, Mr Quek said he was turned away by polyclinic staff who told him that the IT system was down.
“Why is there no proper system to contact me prior instead wasting my time to take leave and bring my baby over today? This should not be the way and backup system should be readily available to carry on operation,” he said.
Many elderly people seeking medical care were turned away as well, Mr Quek added.
- CNA/cy
- wong chee tat :)
The disruption, which lasted for an hour, affected the Ang Mo Kio, Bukit Batok, Choa Chu Kang, Clementi, Hougang, Jurong, Toa Payoh, Woodlands and Yishun Polyclinics.
Posted 06 Jun 2016 14:29
SINGAPORE: Patients were turned away and others had to wait longer than usual after nine polyclinics were hit by IT system disruptions on Monday morning (Jun 6).
The disruption, which lasted for an hour, affected the Ang Mo Kio, Bukit Batok, Choa Chu Kang, Clementi, Hougang, Jurong, Toa Payoh, Woodlands and Yishun Polyclinics. All nine are managed by the National Healthcare Group Polyclinics (NHGP).
Singapore has a total of 18 polyclinics. The other nine polyclinics are managed by Singapore Health Services (SingHealth) and were unaffected by the IT system disruption.
Responding to queries from Channel NewsAsia, NHGP said it experienced “intermittent IT system disruptions and slowness” from 8.20am to 9.20am.
Waiting times were longer than usual, but patients with urgent medical conditions were expedited for treatments, NHGP said, adding that the polyclinics carried out manual registrations during the downtime.
“We are closely monitoring the system performance and investigating the cause of the IT system issues,” it said.
Among those affected was Mr Quek Jia Wei, who brought his baby to Ang Mo Kio Polyclinic for a scheduled vaccination.
Writing on NHG’s Facebook page, Mr Quek said he was turned away by polyclinic staff who told him that the IT system was down.
“Why is there no proper system to contact me prior instead wasting my time to take leave and bring my baby over today? This should not be the way and backup system should be readily available to carry on operation,” he said.
Many elderly people seeking medical care were turned away as well, Mr Quek added.
- CNA/cy
- wong chee tat :)
Woman jailed for registering marriage without consent
Woman jailed for registering marriage without consent
A 32-year-old finance assistant stole her ex-boyfriend's identity card and got a friend to impersonate him in front of a solemniser.
By Vanessa Paige Chelvan
Posted 06 Jun 2016 20:12 Updated 06 Jun 2016 20:20
SINGAPORE: When her boyfriend left her after becoming suspicious the son they shared was not biologically his, a woman devised a plan to get her lover back.
The 32-year-old finance assistant stole her ex-boyfriend’s national registration identity card (NRIC) and enlisted the help of her friend Matthew Yeo Chia Loong to impersonate him, then she registered their marriage.
The woman pleaded guilty on Monday (Jun 6) to cheating, for duping a licensed solemniser into believing Yeo was the same man in the stolen NRIC, and signing the Certificate of Marriage as a result.
The woman and her ex-boyfriend cannot be named to protect the identity of the boy, now six.
She also pleaded guilty to a second charge under the Oaths and Declarations Act, for abetting Yeo to lie to a Registry of Marriages employee about his identity in a statutory declaration.
Her offences came to light when the ex-boyfriend lodged a police report in November 2012, after she sent him a photograph of a Certificate of Marriage bearing their names.
The court heard the pair met in 2010, and their son was born the same year. The woman was married at the time, but was not living with her husband. However, the baby’s birth certificate listed her husband as the father. The couple divorced in 2011.
In 2012, the woman’s boyfriend grew suspicious that the boy was not his biological son, and broke up with her despite her insistence that the child was his, the court heard.
Deputy Public Prosecutor Chew Xin Ying told the court it was then that the woman decided she wanted to marry her boyfriend, as she wanted him to "return to her and not marry anyone else”.
In court on Monday, DPP Chew said the woman’s offences were “rather sophisticated" and noted that she abetted Yeo in lying to a Government agency and misusing another person’s NRIC.
Defence lawyer Diana Ngiam told the court stress had led to the woman's "misguided actions", noting an Institute of Mental Health report said the woman suffered from Acute Stress Reaction after her boyfriend left her. The distraught woman had also attempted suicide, Ms Ngiam said.
The judge sentenced the woman to four weeks' jail. For cheating, she could have been jailed up to three years and/or fined. For abetting Yeo to make a false statement in a statutory declaration, she could have faced up to three years’ jail and/or a fine.
Yeo has left the country, and his whereabouts are unknown.
The sham marriage has not been dissolved, although the Registry of Marriages has confirmed that in the present case, in which a man’s identity was misused to register a marriage without his consent, a Family Court order has to be obtained to void the marriage, DPP Chew said.
- CNA/ly
- wong chee tat :)
A 32-year-old finance assistant stole her ex-boyfriend's identity card and got a friend to impersonate him in front of a solemniser.
By Vanessa Paige Chelvan
Posted 06 Jun 2016 20:12 Updated 06 Jun 2016 20:20
SINGAPORE: When her boyfriend left her after becoming suspicious the son they shared was not biologically his, a woman devised a plan to get her lover back.
The 32-year-old finance assistant stole her ex-boyfriend’s national registration identity card (NRIC) and enlisted the help of her friend Matthew Yeo Chia Loong to impersonate him, then she registered their marriage.
The woman pleaded guilty on Monday (Jun 6) to cheating, for duping a licensed solemniser into believing Yeo was the same man in the stolen NRIC, and signing the Certificate of Marriage as a result.
The woman and her ex-boyfriend cannot be named to protect the identity of the boy, now six.
She also pleaded guilty to a second charge under the Oaths and Declarations Act, for abetting Yeo to lie to a Registry of Marriages employee about his identity in a statutory declaration.
Her offences came to light when the ex-boyfriend lodged a police report in November 2012, after she sent him a photograph of a Certificate of Marriage bearing their names.
The court heard the pair met in 2010, and their son was born the same year. The woman was married at the time, but was not living with her husband. However, the baby’s birth certificate listed her husband as the father. The couple divorced in 2011.
In 2012, the woman’s boyfriend grew suspicious that the boy was not his biological son, and broke up with her despite her insistence that the child was his, the court heard.
Deputy Public Prosecutor Chew Xin Ying told the court it was then that the woman decided she wanted to marry her boyfriend, as she wanted him to "return to her and not marry anyone else”.
In court on Monday, DPP Chew said the woman’s offences were “rather sophisticated" and noted that she abetted Yeo in lying to a Government agency and misusing another person’s NRIC.
Defence lawyer Diana Ngiam told the court stress had led to the woman's "misguided actions", noting an Institute of Mental Health report said the woman suffered from Acute Stress Reaction after her boyfriend left her. The distraught woman had also attempted suicide, Ms Ngiam said.
The judge sentenced the woman to four weeks' jail. For cheating, she could have been jailed up to three years and/or fined. For abetting Yeo to make a false statement in a statutory declaration, she could have faced up to three years’ jail and/or a fine.
Yeo has left the country, and his whereabouts are unknown.
The sham marriage has not been dissolved, although the Registry of Marriages has confirmed that in the present case, in which a man’s identity was misused to register a marriage without his consent, a Family Court order has to be obtained to void the marriage, DPP Chew said.
- CNA/ly
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
McAfee DAT version = 8187 (jun 05th 2016)
McAfee DAT version = 8187 (jun 05th 2016)
Link: here ( Select Yes. And it keeps getting updated daily. Region=US)
- wong chee tat :)
Link: here ( Select Yes. And it keeps getting updated daily. Region=US)
- wong chee tat :)
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