Singapore

Tenants to get full rental rebates in April, 50% in May. City Developments Limited (CDL) is committing more than $17m in property tax and rental rebates, an announcement revealed. The move is to help its tenants tide over the COVID-19 outbreak. The amount includes the full quantum of the government's enhanced property tax rebates which will be passed on to CDL's tenants. These enhanced rebates comprise 100% property tax rebate for qualifying commercial properties and 30% for businesses in other non-residential properties. CDL also disbursed rental rebates to qualifying retail tenants in March and will continue to provide rental rebates of 100% in April and 50% in May.Further support packages may be rolled out steadily. All non-essential businesses within CDL buildings will be closed from 7 April to 4 May in line with the Singapore government's stricter "circuit breaker" safe-distancing measures. Meanwhile, some CDL buildings will remain open from 7 April to 4 May to facilitate the continued operations of businesses or stores offering essential services.  

It will also provide rental rebates in May.

Directors of the group’s listed companies to have 20% cut on fees. ComfortDelGro Group's board and senior management will take a voluntary cut in directors' fees and pay respectively amidst the COVID-19 outbreak. Directors of the group’s listed companies—ComfortDelGro, SBS Transit and Vicom’s—will have their directors' fees cut by 20% until the end of the year. Also read. https://sbr.com.sg/transport-logistics/news/comfortdelgro-waives-taxi-rents-month Managing director and group chief executive Yang Ban Seng will take a 15% cut, whilst those ranked vice-president and above will have their salary slash by 10%. The cuts will be effective from April 2020 and will be reviewed at the end of June.  

Its Treasures and Treasures Private Client centres will also shut down.

Its portfolio’s footfall has rebounded from the previous month’s low.

They will introduce a bill allowing businesses to defer rent and law payments, amongst others.

Despite the hype on 'flexible living', landlords still prefer the traditional model.

The collective sales fever caused an elevation in land costs.

OCBC Bank led the gains amongst top active stocks with a 3.94% jump.

And about 3,300 devices have been loaned out to students for home-based learning.

Food, besides being the main source of energy for humans, is one of the best ways to propagate one’s culture to the rest of the world and unify people. Yet, with the ongoing Covid-19 pandemic, we’re witnessing instead, how food can drive fear and disunity among people. In recent weeks, food security and the Food Value Chain have come under the spotlight following the ‘panic-buying’ and stockpiling of food and amenities in supermarkets in Singapore and globally.

Airlines will be relocated to the remaining terminals.

The government has raised distancing measures against COVID-19.

Celine Sia will hold the position for economics and knowledge management.

The campaign involves solutions to enhance customer experience whilst at home.

Total relief package for drivers could amount to $99m.