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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.
U.S.-founded law firm Dechert is considering closing its offices in Hong Kong and Beijing, becoming the latest foreign firm to scale back in Greater China, two people said, amid a prolonged capital market downturn and growing Sino-U.S. tensions.
Opened less than 18 years ago, the course hosted its final rounds for the public on Saturday as it joins others in Singapore that have closed or shrunk in recent years. Only one public course remains, a nine-hole venue in the north of the city state.
SINGAPORE: In March, artificial intelligence chip giant Nvidia’s market capitalisation exceeded US$2 trillion.
“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.