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The lack of bids is a setback for efforts tackling high rents as the government pushes out a new kind of long-term serviced apartment. The Upper Thomson Road site was one of two earmarked for construction of some apartments requiring a minimum three-month stay, up from the current seven-day requirement.
“We need to look at different sectors that need to be engaged and continue the communications with each of the sectors.”
Singapore’s leadership in this space is driven by domestic needs: currently, most of its power comes from natural gas, and the government has set a long-term target of reducing that to a little over 50 per cent by substituting clean electricity. Some of this alternative energy will come from domestic sources such as rooftop solar and potentially geothermal, nuclear, or hydrogen. However, given land constraints, electricity imports will be a necessary factor in Singapore’s future energy mix.
Thinking of visiting China, India, or Venezuela with a US passport for your summer holiday? Not so fast – or at least not before securing a visa. Some of the best wonders of the world require US citizens to obtain a visa before take-off, an inconvenience in planning that long-awaited international getaway.
Experts told This Week In Asia that the strategy was an important piece of the puzzle in combating money laundering, but said the country could improve implementation, particularly in overseeing non-financial sectors such as real estate, precious stones and metals.
SINGAPORE -- Singapore-listed property manager CapitaLand Investment plans to deploy up to $110 million in Vietnam to build or acquire industrial factories, expecting demand from manufacturers following supply chains out of China.
Singaporean Rebecca* was in a relationship with her boyfriend for around four years when she decided it was time for them to buy a public housing flat together, a rite of passage for most citizens who aspire to become homeowners and settle down.
During Thursday night’s debate, President Biden told former President Donald J. Trump that the United States is the “envy of the world.”
SINGAPORE -- The value of initial public offerings on Asian stock exchanges so far this year has fallen by more than two-thirds from a year ago, putting the region behind the U.S. and Europe, which are showing signs of recovery after a prolonged downturn.