DAILY NEWS

Daily News – 12th March 2019

Singapore Real Estate

New S$2m fund to help construction firms acquire quieter building equipment
Construction companies in Singapore can apply for a new S$2 million fund to help pay for quieter equipment from April 1, as the authorities seek to slash noise levels from construction sites. The new Quieter Construction Innovation Fund will encourage construction firms to continue investing in new machines and methods to reduce noise, which is part of the National Environmental Agency’s (NEA) strategy to use technology to defeat noise pollution, said its chief executive Tan Meng Dui.
https://www.businesstimes.com.sg/real-estate/new-s2m-fund-to-help-construction-firms-acquire-quieter-building-equipment
https://www.straitstimes.com/business/2m-fund-to-help-firms-get-quieter-construction-equipment
https://www.channelnewsasia.com/news/singapore/new-s-2-million-fund-launched-to-help-construction-firms-acquire-11331832

Construction firms’ safety timeout brought forward
The Singapore Contractors Association has brought forward its quarterly safety timeout, as it expressed “grave concern” over the recent spate of workplace fatalities at construction sites. The decision came after the latest death in a worksite-related incident last Saturday. There have been seven fatalities this year, of which five were from the construction sector, Minister of State for Manpower Zaqy Mohamad said in a Facebook post last night.
https://www.straitstimes.com/singapore/construction-firms-safety-timeout-brought-forward

Companies’ Brief

Reclaims Global shares down 35.7% from IPO price on trading debut
Catalist-listed Reclaims Global closed at 14.8 Singapore cents on the company’s trading debut on Monday, with about 1.44 million shares changing hands. This was down by about 35.7 per cent from its initial public offering (IPO) price of 23 Singapore cents. The counter had opened lower at 17.9 Singapore cents, 22 per cent lower than the IPO price.
https://www.businesstimes.com.sg/companies-markets/reclaims-global-shares-down-357-from-ipo-price-on-trading-debut

Bid to help turn real estate assets into investment options
Infrastructure and property firms may soon be able to “tokenise” their real estate and turn it into investment options if fintech start-up Sygnum gets the green light. “Tokenising” an asset essentially involves dividing it into tiny digital units or tokens that can then be traded on a platform.
https://www.straitstimes.com/business/bid-to-help-turn-real-estate-assets-into-investment-options