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6-month pilot trial to allow foldable bikes, PMDs on public transport all day

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The pilot is part of Singapore’s efforts to move towards a car-lite society by making alternative transport options attractive and convenient. 

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At a glance: Temasek’s buyout offer for SMRT

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SINGAPORE – Temasek Holdings has offered to take public transport operator SMRT private. Here’s the buyout offer at a glance:
KEY NUMBERS
• Temasek is offering S$1.68 for each SMRT share, putting the buyout offer at around S$1.18 billion for 46 per cent of…

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California Fitness closed… what now for its members?

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California Fitness has ceased operations in Singapore, after the last two outlets at Novena and Bugis shut down on Wednesday (July 20).

Customers could have bought gym membership packages at California Fitness up till the…

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Over 3,000 cartons of duty-unpaid cigarettes seized at Woodlands Checkpoint

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SINGAPORE – A total of 3,190 cartons and 1,512 packets of duty-unpaid cigarettes were uncovered at Woodlands Checkpoint on Tuesday (July 19) in three separate checks.
The total potential duty and Goods and Services Tax (GST) on the three seizures amounted to…

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No staff will lose their job: SMRT

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SINGAPORE – The SMRT management has given its assurance that no SMRT staff will lose his or her job, following Temasek Holdings’ offer to take the public transport operator private.
The rail operator gave the assurance to the National Transport Workers’ Union…

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3,190 cartons and 1,512 packets of duty-unpaid cigarettes seized at Woodlands Checkpoint in a day

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SINGAPORE – A total of 3,190 cartons and 1,512 packets of duty-unpaid cigarettes were seized in three separate checks at the Woodlands Checkpoint on Tuesday (July 19), Immigration & Checkpoints Authority (ICA) announced on Wednesday (July 20).

The total potential customs duty and Goods and Services Tax (GST) involved amounted to about $259,280 and $26,100 respectively.

The first check occured at about 4.15am and involved a lorry. Officers uncovered 2,508 cartons of duty-unpaid cigarettes hidden in 38 pieces of large wooden doors.

At 5.30am, ICA officers seized 439 cartons and 812 packets of duty-unpaid cigarettes as well as a sachet suspected to contain controlled drugs in a Malaysia-registered car.

The sachet of controlled drugs was recovered from the floor mat of the vehicle, while the duty-unpaid cigarettes were concealed in various parts of the car and inside the driver’s sling bag.

About an hour later at 6.25am, officers seized 43 cartons and 700 packets of duty-unpaid cigarettes from various parts of a Malaysia-registered car.

Investigations are ongoing for all three cases.

debwong@sph.com.sg

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Temasek to buy out public transport operator SMRT for S$1.18b

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Temasek and SMRT say that privatisation would provide SMRT with “greater flexibility to focus on its primary role of delivering safe and high quality rail service in the midst of its transition to a new regulatory framework under the new rail financing framework.”

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National Cybercrime Action Plan to step up fight against online crime: Shanmugam

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The plan signifies a fundamental relook at the way cybercrime is tackled, says Home Affairs Minister and Law Minister K Shanmugam. 

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Japanese gamers upset as hopes of Wednesday Pokemon GO launch dashed

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TOKYO – Gamers in Japan, home of Nintendo Co’s Pokemon, waited in vain on Wednesday for the launch of its smash-hit mobile game amid reports that the developers behind it had hit the brakes, concerned that overwhelming demand would overload server capacity.

Nintendo’s shares suffered a rare bad day since Pokemon GO took the world by storm, tumbling 13 percent on the disappointment. Even so, the stock has gained 86 percent since its US launch earlier this month, adding US$17 billion (S$23 billion) to its market capitalisation.

“Isn’t Japan the home of Pokemon? I beg them to hurry up!,”said Toshihide Onchi, a 40-year-old system engineer who took part in the trial of the game’s beta version.

Late on Tuesday, technology news site TechCrunch and other media outlets reported the launch would take place the following day.

TechCrunch later reported a postponement, but said the rollout for one of the world’s most critical gaming markets was still imminent.

A spokeswoman for Pokemon Company, which created the game along with Nintendo and Google-spinoff Niantic, declined to comment on the report, reiterating that nothing had been decided over the Japan launch date.

Nintendo referred any queries regarding Pokemon GO to Pokemon Company.

Investors and analysts are betting the success of game, available officially in 35 countries and played in many more, will be transformational for Nintendo.

While Pokemon GO will not prove a major direct boost, it could prompt Nintendo to cash in more effectively on an extensive cupboard of characters.

Until Pokemon GO, the company had focused on more profitable consoles and snubbed mobile games.

CANDY CRUSHED?

Niantic CEO John Hanke told Reuters on Friday the developers were being extra-cautious in Japan, given the level of expectation and sheer number of players.

“The technical challenge for us is having enough server capacity on the back end to handle that number of users,” he said.

Pokemon GO, which marries a classic 20-year-old franchise with augmented reality, is on its way to becoming the first mobile game to break the US$4 billion-per-year barrier, beating Candy Crush Saga, according to Macquarie Research.

Others too have benefited from the craze. Shares of Japan’s McDonald’s Holdings Co ended up 9.8 percent after the TechCrunch report said the fast-food chain operator would become the game’s first sponsor.

TechCrunch said the sponsorship would see McDonald’s 3,000-plus fast food restaurants across Japan become “gyms”, or battlegrounds, for Pokemon collectors. The chain already gives away Pokemon-themed toys with its Happy Meals.

McDonald’s Japan declined to comment.

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Wednesday, July 20, 2016 – 18:40
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Temasek offers around S$1.18 billion to buy out SMRT

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SINGAPORE – Temasek Holdings has offered approximately S$1.18 billion to buy out the remainder of shares in SMRT’s that it presently doesn’t own (46.0 per cent).
Temasek is offering S$1.68 in cash per share for 702 million shares. Current shareholders will…

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