Singapore 

1,000 people evacuated after fire breaks out in NUS medicine building, Singapore News

SINGAPORE – A thousand people were evacuated after a fire broke out at the National University of Singapore’s (NUS) medicine faculty building on Tuesday morning (March 26). The Singapore Civil Defence Force (SCDF) said that it was alerted to a fire at 14 Medical Drive at 11.10am. The address is listed online as the NUS Yong Loo Lin School of Medicine’s MD6 building, which houses the Centre for Translational Medicine and the Medical Library. SCDF said that the fire involved contents of a freezer room. It was extinguished by the…

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Singapore 

Man who allegedly punched Toa Payoh resident and asked for money to do ‘patch work’ not from HDB, Singapore News

A man who allegedly posed as a contractor and offered ‘patch work’ services to residents in Toa Payoh in exchange for a fee is not from the Housing and Development Board (HDB), said the HDB in response to queries by Stomp. Stomp contributor Vernon said the incident occurred at Block 185 Toa Payoh Central last Friday (March 22), at around 8.30pm. The 72-year-old retiree told Stomp that a middle-aged man had visited his unit and “declared that tomorrow his team would be coming to do patch work on the old…

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Cryptocurrency giant Bitmain gives up on Hong Kong IPO amid lay-offs, leadership reshuffle

Bitmain Technologies, the world’s biggest producer of bitcoin mining rigs, has given up on its plan to go public in Hong Kong, after the company struggled through mass lay-offs and a leadership reshuffle amid a prolonged bear market in cryptocurrencies.The Beijing-based company on Tuesday published a statement acknowledging that its IPO application – filed in Hong Kong on September 26 – had reached its 6-month expiration date. “We will restart the listing application work at an appropriate time… Source link

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Hong Kong can ease its housing crisis by giving more families a chance to buy public housing flats

Under Hong Kong’s Tenants Purchase Scheme, introduced in 1998, 140,298 public rental housing units have been sold to existing tenants. Initially, about 57 per cent of the units available for sale found buyers and, in the past decade, this has increased to 72 per cent. By promoting home ownership, the scheme has increased the labour force participation rate and decreased unemployment among families that have bought these units.But there have been two other important effects. The scheme has also… Source link

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Singapore 

SQ mid-air bomb hoax: Mumbai-Singapore flight escorted safely to Changi, woman and child questioned, Singapore News

SINGAPORE – A Singapore Airlines (SIA) flight from Mumbai landed safely at Changi Airport on Tuesday (March 26) morning, after the pilot raised a bomb threat alert. The Straits Times understands that the threat turned out to be a hoax. SQ Flight 423 was escorted safely back to Changi Airport by Singapore’s air force and touched down at about 8am. All passengers, except for a woman and a child, disembarked safely and had to undergo security screening before they could leave. The woman and the child were held back for…

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China’s shopping malls are becoming polarised as customers seek out quality, says JLL

China’s retail market is one of the biggest investment opportunities of this century, but nobody said it would be plain sailing. In 2019, as growth shifts down a gear it is crucial for investors to focus on what the market needs. With retail sales in China hitting 38 trillion yuan (US$5.66 trillion) last year, in 2019 it is forecast to become the world’s largest retail market. China’s annual retail sales growth of 9 per cent looks incredibly strong. However, after accounting for inflation and… Source link

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Singapore 

Singapore hottie reading on the train becomes latest internet sensation, Singapore News

The habit of reading – and physical books to boot – has become a lost art. Gone are the days where we would hunker down on a commute and get lost in another world. Because of this, it’s even been argued that reading makes you sexy. (Clearly, the nerds and geeks back in secondary school have Longbottomed.) To drive that point home, the Instagram account hotdudesreading made a name for themselves for literally taking candid shots of hot men, well, reading. But it’s not just the eye candies that have…

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Yen boost an unwelcome gift from the Fed’s dovish turn

Last week’s indisputably dovish turn by the Federal Reserve prompted a sell-off in the value of the US dollar, including against the Japanese yen. Yet the outlook for the Japanese economy doesn’t look that rosy. Indeed, such are the economic clouds hanging over the Land of the Rising Sun, it is not that easy to make much of a case for the yen. In Japan, the Heisei era will give way to a new imperial age at the end of next month, when Crown Prince Naruhito accedes to the Chrysanthemum Throne…

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China no match for US unicorns in AI, big data and robotics as it continues to play catch-up in R&D, says Credit Suisse

China lags far behind the US in producing genuine hi-tech unicorns in artificial intelligence, robotics and biotech as it is still paying catch-up in scientific research, according to Credit Suisse.In a report released on Tuesday titled “China Unicorns, preparing to gallop”, Credit Suisse said that although China accounted for nearly one-third of the world’s 326 start-ups valued at US$1 billion or more, its share of unicorns in sectors requiring more advanced scientific research capability such… Source link

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Singapore 

Singtel launches all-digital contract-free mobile plan targeted at millennials, Singapore News

SINGAPORE – Singtel launched its first solely contract-free, all-digital mobile plan on Monday (March 25), targeted at millennials and digital natives. Called Gomo, an acronym for Get Out More Often, the plan offers 20GB of mobile data and 200 minutes local talk-time for $20 a month. Customers sign up via a Gomo app and can get their SIM cards on the same day. The app handles all customer enquiries via a 24/7 live chat. A Gomo travel SIM providing 3GB data over 10 days in countries like Australia, Malaysia and…

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