Year 2012

Over 2 Million Dollars For A Public Housing Apartment

Saturday, 29th December 2012

An executive condominium (EC) penthouse from HDB (Housing Development Board) public housing project was sold at a record price of S$2.05 million. A spokesman for the CityLife Tampines housing project said the sale was made within the second hour after the show flat was opened for public viewing. The unit with a huge roof top deck and about 2,800 sq ft of living space was sold to a young twenty something couple.


Star Peddler Quit Singapore

Friday, 28th December 2012

Singapore table-tennis stars Li Jiawei called it a day and retiring back to home in Beijing, China. China-born Li became a Singapore citizen at the age of 18 years under the Foreign Sports Talent Scheme and in her hay days was ranked as high as world number three. Over the years, she has collected nearly $1.5 million in performance incentives from Singapore Government via Singapore Table Tennis Association (STTA) located in Toa Payoh Stadium.


Change In Credit Card Usage Rules

Saturday, 22nd December 2012

The Monetary Authority of Singapore (MAS) has the Credit Card rules changed to encourage the responsible use of credit card and unsecured credit.


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.


PAP MP Embarrassed PAP

Wednesday, 12th December 2012

Michael Palmer, MP, resigned from PAP to avoid further shaming ruling Peoples' Action Party, PAP. MP is also Punggol East MP, Member of Parliament, said he was resigning to avoid "further embarrassment" to PAP for "improper relationship" with a People's Association (PA) staff member in his constituency. He is also Singapore's Speaker of Parliament.


RSAF New Advanced Jet Trainer Arrived At Cazaux

Thursday, 15th November 2012

The first advanced trainer Alenia Aermacchi M-346 of the Republic of Singapore Air Force arrived at Cazaux Airbase in France. The M346 Advanced Jet Trainer is the replacement of old Douglas TA-4 Skyhawk.


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.


Kate & Willie Unveiled Jet Engine

Tuesday, 11th September 2012

UK Prince William and his wife Catherine, aka Duke and Duchess of Cambridge, unveiled the first plane jet engine to be produced by Rolls-Royce at its new factory in Seletar, Singapore. The royal couple introduced the Trent 900 jet which powers the Airbus A380.


Pastor Steven Yang Jailed For Lying

Friday, 24th August 2012

A short jail term for Pastor Steven Yang Suan Piau of Eternal Life Baptist Church, after he we found guilty of lying and provide misleading information to an immigration officer at Woodlands Checkpoint. Pastor Yang's lawyer questioned if the Judge had placed previous sentencing precedents "on an altar and obsessively worshipped them?" He also drew similarities to the recent case of Dr Woffles Wu, a high profiled plastic surgeon, who was fined S$1,000 for giving false information to the police about his speeding offences.


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.


Law Professor In Sex Scandal

Friday, 27th July 2012

A National University of Singapore (NUS) law professor who allegedly gave his student prime grades in exchange for sex is under investigation.


City Harvest Church Founder Charged

Wednesday, 25th July 2012

City Harvest Church (CHC) founder Kong Hee and five other CHC members were charged in court for alleged misuse of church funds. Kong, 47, faced three charges for committing criminal breach of trust as an agent of CHC and for allegedly misappropriating about $24 million from CHC's building funds for unauthorised use. His right hand man, Tan Ye Peng, 39, faced ten charges. A church board member, John Lam Leng Hung, 44, faced three charges. The church finance manager Sharon Tan Shao Yuen, 37 faced seven charges. Serina Wee, 35, chruch ex-finance chief and Chew Eng Han, 52, church ex-investment manager faces ten charges each. Each charge carries the maximum punishment of life imprisonment and a fine. The court has allowed Kong Hee to travel overseas for pastoral purposes. His bail was set at S$1 million.


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".


Private Company To Built Electric Car

Thursday, 19th July 2012

A Singapore Company, Mayton Auto, was setup to develop a Uniquely Singapore electric car. The company with partners from China and the United States will be putting about S$10 million for the project.


Singapore Government May Open Up Changi Runway

Tuesday, 17th July 2012

Singapore may open the third runway at Changi Airport for civil aviation use. The runway, Changi Air Base East, is currently used by the military only. More airport terminals may be built on the 1,000-hectare piece of land in Changi.


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.


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