TOP OF THE NEWS
A new rail financing framework will see the Land Transport Authority buying over SMRT’s operating assets for $1 billion, freeing up the transport company to focus on service delivery. SMRT will pay a licence fee to run the trains and retain a share of the earnings.
TOP OF THE NEWS
A new Protective, Analytical and Assessment Facility was launched yesterday, which will use technology to better detect chemical, biological, radiological, nuclear and explosive substances at Singapore’s ports.
The Philippines’ top lawyer said yesterday that Manila will not concede any of its gains from an international tribunal’s ruling that struck down China’s claims in the South China Sea. But he also said his country will try to bring China to the negotiation table through “diplomatic means”.
New British Prime Minister Theresa May yesterday vowed to govern in the interests of all Scots, in her first visit to Scotland as the leader of the 309-year-old union that binds Scotland to England and Wales. Her visit is part of efforts to dampen renewed calls for Scottish independence after Brexit.
“Unicorns” may be all the rage but Singapore Management University president Arnoud De Meyer is not enamoured of these billion-dollar wonder firms. Singapore should nurture medium-sized companies and a regional mindset, he says.
The bidding to pick Singapore’s fourth telco is slated for early October and two candidates which are in the running say they are on track to raise the funds needed for their 4G networks. If all goes as planned, the fourth operator could be rolling out services by April next year.
Big Splash fans said they are “devastated” to learn that the former water park is closing in October, as its lease with NParks is due to expire. Its water slides were removed 10 years ago, but around 300,000 people a month still visit its dining and recreation amenities.
New private home sales halved in the traditionally slow month of June, after they surged to a 10-month high in May. Developers sold 536 new units – excluding executive condominiums – last month. That was down by 49 per cent from the 1,058 units transacted in May.
Swimmer Quah Ting Wen, 23, who clocked “B” times in four events for Rio, aims to go as far below 59 seconds as she can in the 100m butterfly. The 13-time SEA Games gold medallist, competing at her second Olympics, said: “Sergio has prepared us well and I’m excited to see what I can do in Rio.”
Hawker stalls in the city that received the Bib Gourmand award drew long queues yesterday. Those in the suburbs with the award also saw better business but no long waits. The award, in the inaugural Michelin Guide for Singapore, is given to establishments offering high-quality meals for less than $45.
Chinese actress-director Vicki Zhao has replaced Taiwanese actor Leon Dai in an upcoming movie after he failed to clarify his political stance. Dai has been called a pro-independence supporter and is also said to support Hong Kong’s pro-democracy Umbrella Movement.