Year 2014

Business

Oil Price Down But Petrol Price Up

Tuesday, 24th February 2015

Pump prices across all petrol stations when up after Government announcement of a hike in petrol duties. The tariff for premium grade petrol is now SGD$0.64 per litre, up by 20 cents, while the duty for lower grade petrol, such as 92-octane and 95-octane, is SG$0.56 cents per litre, up by 15 cents. The petrol companies sell their 95-octane petrol for about SGD$2.00 per litre. Premium grade petrol is around SGD$2.50.


No More Hybrid Grass For National Stadium

Saturday, 20th December 2014

Sports Hub has finally decided that the pitch at the National Stadium will be fully grass. A new grass pitch will be grown in an external nursery and when it is matured it will be transported to the stadium and laid over of the current hybrid pitch. They have tried unsuccessfully to fully nurture the hybrid grass despite spending lots of money on it even to the extend of employing expatriate consultant to oversee the task.


22 Ablebody Men and 14 Hours To Catch 40 Rats

Thursday, 18th December 2014

At a hill next to Bukit Batok MRT station large colony of rats scurrying about. So some 22 Ablebody Men from Star Pest Control Company were seen running up and down the hill to 14 Hours to capture 40 Rats.


King Air Aircraft Intercepted by Indonesian Jets

Tuesday, 28th October 2014

The twin-turboprop Beechcraft King Air BE9L with tail number VH-PFK (Australian registered) departed from Cebu, the Philippines, from A Singapore aircraft en route from Sibu (Sarawak) to Seletar Airport in Singapore Interception began at 7:56 a.m. when the Indonesia 1st National Air Defense Sector Command (Kosekhanudnas) at Halim Perdanakusuma Air Force Base in East Jakarta detected an aircraft without clearance in the Pontianak area.


Shortage of Punk-Sai-Chua

Friday, 24th October 2014

Shoppers at Singapore largest chain of supermarket, NTUC FairPrice, had messy situation on their hands. Quite a number of their outlets ran out of Punk-Sai-Chua (toilet rolls). That may have caused consumer to revert back to the old ways of cleaning themselves after they finish "doing-their-business" - with running water and fingers. The supermarket erected signs in affected stores informing shoppers that there was a "temporary shortage" because of a "delivery issue". According to the company spokesperson, that there an internal delivery glitch caused several stores to receive limited and intermittent stock from its distribution centre.


Lucky Plaza Install Flood Barrier

Tuesday, 5th March 2013

Lucky Plaza has installed a million dollar flood barriers. This is barriers are designed to stop rain water from gushing into Lucky Plaza's basement if there is a flood along Orchard Road.


Thai Tycoon Gain Control Of F&N

Wednesday, 30th January 2013

Thai billionaire, Charoen Sirivadhanabhakdi, take full control of F&N (Fraser and Neave Limited) after paying S$8.8 billion (US$7.1 billion) in cash for it. F&N was form as a public company in January 1898 to take over the business of Singapore Aerated Water Company and the Singapore and Straits Printing Office with a share capital of S$225,000. And a 115 years later is valued at S$13.75 billion (US$11.2 billion).


CEO of The Gold Guarantee went missing

Monday, 21st January 2013

The CEO of The Gold Guarantee, Mr. Lee Song Teck (age 34), went missing along with its investor's money. Before TGG's CEO when missing he had asked investors to pay a S$2,000 deposit for a kilo of gold when signs that his company is running out of cash. Earlier on 09th January, it was rumored that TCC has stop payment of 1.7% monthly interest to their investment.


Carrefour Done For In Singapore

Saturday, 15th December 2012

Carrefour shut down all of its operations in Singapore which comprise two outlets at Suntec City and Plaza Singapura, by end of 2012. Dairy Farm’s hypermarket arm, Giant, will replace Carrefour as anchor grocer, taking a 60,000 sq ft shop space in a separate location at  Suntec City.


Genneva Gold Office Raided

Monday, 1st October 2012

On the 1st of October 2012, Genneva Gold was raided by both the authorities in Malaysia and Singapore for suspected offences including illegal deposit taking, money laundering, tax evasion and avoidance, false description (misrepresentations), appointment of agents without licence, and failing to lodge statutory documents.


No GST for Investment-Grade gold & precious metals

Monday, 1st October 2012

Investment-grade gold (in the form of a bar, ingot, coin or wafer) must be in purity of 99.5% and above, with the following characteristics that differentiates it from gold in other forms such as jewellery: (i) Capable of being traded on the international bullion market; (ii) Bears a mark/ characteristic accepted as guaranteeing its quality; and (iii) Trade at a price based on the spot price of the metal it contains.


Let The F1 Circus Begin

Friday, 21st September 2012

In the words of Singapore ex-Prime Minister "driving around and then going into the pits; after that, changing the tyres and revving out again ... makes no sense to me." He said he could not understand the allure of such events. For the next 3 days, Singaporeans and Foreigners alike will have to bear with the noise of these loud machines and massive traffic jams into and out of the city due to traffic diversions.


Tyra Banks Spotted In Orchard Road

Friday, 17th August 2012

Tyra Banks was spotted strolling along Orchard Road. She is in Singapore to promote her company ANTM.


Silver River Furniture Fined For Non GST Compliance

Friday, 20th July 2012

Silver River Furniture, a Singapore Furniture Retailer, was fined S$4,000 on four counts of not complying with GST regulations on price displays. The Internal Revenue Authority of Singapore (IRAS) found two of Silver River Furniture's advertisements in a local English daily in early 2012 with small print stating "all prices exclude delivery and GST".


Singapore Government Collected About $100M

Wednesday, 11th July 2012

In the first half of 2012, Singapore Government collected S$93 Million in Casino Entry Levies from locals visiting the city's two casinos. Which translated to about 2 millions Singaporean and PR visits a year. Or about 1,500 local visits each of the casino on any given day. The is a visible rise in gambling addiction amongst wealthy in Singapore. And going to the casino is becoming a social norm here.


F1 IPO In Singapore

Tuesday, 22nd May 2012

The the motor-racing franchise, Formula One Group, will be listed in the Singapore Exchange (SGX) for an initial public offering (IPO) that is valued nearly 4 Billion Singapore Dollars (US$3 Billion). According to its owner, Singapore was picked as the venue for the IPO because it has been hosting grand prix racing since 2008 and is home to a strong fan base for the sport. It is one of the biggest IPO in Singapore.


Indonesia to take control of the airspace above Riau

Sunday, 20th May 2012

Indonesia would take control of the airspace above Riau Islands (about 20 kilometers south of Singapore), currently controlled by Singapore since 1946, from 2025. Singapore is willing to hand over control of the airspace above Riau Islands, earlier provided that the International Civil Aviation Organization (ICAO) gives the green light.


One Of Facebook Founder Takes Up Residency

Sunday, 13th May 2012

Eduardo Saverin, one of the founders of Facebook.com, took up a more tax-friendly residency status in Singapore. Mr. Saverin was living in Singapore since 2010 and plans to remain here "indefinitely". He was born to a wealthy family in Brazil and gained American citizenship at the age of 17 in 1998. He then renounced his American citizenship after holding it for twelve years.


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