Tag Archives: drop

TREE FALLS IN SG DOWN, BUT MAKING THE NEWS MORE OFTEN

The Straits Times was an interesting read yesterday. On the one hand, they reported that Senior Minister of State for National Development Desmond Lee as saying the number of tree failures in Singapore has fallen three-fold since 2001. In fact, the numbers given were there were 3,000 tree failures in 2001, but only 800 in 2016. Then, when you read further, there was this news about a tree that fell onto the road along Kaki Bukit Ave 1 on Monday. Luckily, no one was hurt in this incident. What was interesting was that about 20 people all helped to clear the tree off the road.

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OUR STAT BOARDS ARE DROPPING FROM 1ST TO 3RD WORLD STANDARDS!

On 8th Jan 2016, my company instructed our Secretary to change the company name. The ACRA/BIZFILE was giving much problem and has been ongoing for past few days. After many tries, he finally got it done just before 6 pm and emailed to inform us with the new Business Profile attached. When I opened up the Business Profile, I was surprised to see our new company name in both the "Company Name" and "Former Name, if any" fields. This obviously was not right. The "Incorporation Date" is correct and the "Status Date" showed the same date as "Incorporation Date". Again this was wrong. I understand that ACRA was trying to roll out a new system in December and it was full of teething problems that caused many delays in filings. While it is understandable that with any system roll-out there are bound to be some issues. BUT what I cannot fathom is that there is totally no material changes in the transaction, how could they not discovered these errors?

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CHALLENGES AHEAD FOR SINGAPORE PROPERTY MARKET

Following the Singapore government's repeated efforts to rein in home prices, the city state's residential market will come under further pressure, said Lim Ming Yan, CEO of CapitaLand - Southeast Asia's largest developer. "In the short term, with all the policy measures we see the residential market to be under a bit more challenges, but otherwise it's still a good market for us to be in," said Lim told CNBC on Wednesday.

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