Bitcoin hovers around $50000 amid the fallout from musks blast

Transport Minister Ong Ye Kung – who takes over as Health Minister from today – said yesterday that the airport identified this trend after studying the more than 20 initial infections in the airport cluster.https://www.straitstimes.com/singapore/health/infected-airport-staff-mainly-in-zone-for-higher-risk-arrivals

S’pore to cap social gatherings at two, ban dining out until June 13 Singapore will cap social gatherings at two people and ban dining out from tomorrow until June 13 in an effort to stem a worrying increase of Covid-19 clusters and unlinked cases in the community.


He said the team of engineers and developers at GovTech, which functions like a “technology vendor” of the government, were focused on quickly building a means to tackle the spread of the coronavirus.https://www.businesstimes.com.sg/government-economy/publics-trust-needed-in-order-for-tracetogether-to-succeed-govtech-chief

Firms gear up for TraceTogether-only check-ins Hair salon Tresses Studio in Ghim Moh and many other businesses are set for customers to check in using only TraceTogether when this becomes compulsory for contact tracing from tomorrow. The salon has already installed a SafeEntry Gateway Box at its entrance.


People began lining up at supermarkets in various areas, including Jurong East, Waterway Point in Punggol…https://www.straitstimes.com/singapore/enough-stocks-and-supply-lines-are-intact-says-chan-as-queues-form

Workplace safety fears mount as firms grapple with Covid-19 crisis Industry groups say pressure to complete delayed projects may raise risk of accidents and injuries.https://www.straitstimes.com/singapore/workplace-safety-fears-mount-as-firms-grapple-with-covid-19-crisis

More health and safety breaches at workplaces More than 3,200 workplace safety and health (WSH) contraventions were found during inspections between January and April, almost double the 1,800 contraventions recorded the same period last year.

Bitcoin hovers around $50000 amid the fallout from musks blaster

Property players fall back on digitalisation efforts in response to stricter safe distancing measures Singapore property players are falling back on digitalisation efforts in response to stricter safe distancing measures. The Multi-Ministry Taskforce (MTF) announced on Friday that the occupancy limits of shopping malls and showrooms will be reduced to one person per 16 square metres (sq m) of gross floor area, down from the current one person per 10 sq m, effective May 16 till June 13.https://www.businesstimes.com.sg/real-estate/property-players-fall-back-on-digitalisation-efforts-in-response-to-stricter-safe

A new age for office space: What happens to the office market when offices adapt? With remote working high on the agenda and businesses looking to cut costs, early doomsayers had proclaimed a grim post-pandemic future for offices and their landlords.

Companies’ Brief

JD Logistics’ US$3.5 billion IPO draws SoftBank, Temasek

JD Logistics has attracted SoftBank Vision Fund and Temasek Holdings as cornerstone investors in its Hong Kong initial public offering (IPO), people with knowledge of the matter said, as the warehousing and shipping firm is set to kick off one of the year’s biggest share sales in the city.https://www.businesstimes.com.sg/companies-markets/jd-logistics-us35-billion-ipo-draws-softbank-temasek

Mapletree Commercial Trust to provide more tenant support amid stricter Covid-19 measures Mapletree Commercial Trust (MCT) on Sunday said it is committed to providing the necessary rental and operating assistance to its retail tenants as Singapore tightens its Covid-19 measures till June 13.

This was also more frequent among younger vaccine recipients, with 83 per cent of those between 18 and 55 reporting sore arms after receiving the first jab, noted a Pfizer-BioNTech vaccine clinical trial.https://www.straitstimes.com/singapore/askst-why-is-my-arm-sore-after-getting-the-covid-19-vaccine

How CT values and serology tests can tell if a person is still infectious Serology tests and looking at CT values are ways to determine if a person is still infectious or has recovered from a past infection.https://www.straitstimes.com/singapore/how-ct-values-and-serology-tests-can-tell-if-a-person-is-still-infectious

Tighter rules for tours, hotels, events and cruises: STB The Singapore Tourism Board (STB) has announced that tighter measures for tourism businesses will be in place from tomorrow to June 13.

The hiring of Chinese workers by Chinese firms can be highly contentious in some countries, due to misperceptions that they are taking over local jobs, according to Tham Siew Yean, visiting senior fellow at ISEAS-Yusof Ishak Research Institute in Singapore.https://www.businesstimes.com.sg/asean-business/challenges-faced-by-chinese-firms-and-singapores-unique-role

Mandatory for diners to return trays, clear own litter from June It will be mandatory for diners to return their trays and clear their table litter from June 1, the National Environment Agency (NEA) said yesterday.

The SEC’s lawsuit accusing Ripple of breaking securities laws has devolved into a lengthy legal dispute, with the future of cryptocurrency regulation potentially at risk.

The case, which was filed in December 2020, revolves around the Commission’s claim that Ripple refused to register approximately $1.4 billion worth of XRP, its native coin, as securities.

Suggested Reading | Quant (QNT) Registers Gains In Past Days – A Short-Term Upswing In Place?

Image: MetaCrunch

Crypto Community Remains Upbeat About XRP

Despite the current Ripple legal dispute and unfavorable market conditions, the XRP community continues to be optimistic about the XRP price as this development unfolds.

Six months following the filing of the SEC’s litigation against Ripple and its executives, the price of XRP plummeted from $0.7 to $0.2.

S$70 million of rental rebates to help eligible retail tenants offset…https://www.businesstimes.com.sg/companies-markets/mapletree-commercial-trust-to-provide-more-tenant-support-amid-stricter-covid-19

Separation from media will let SPH seize new opportunities A lot of ink has been spilt and many opinions have been shared on social media about the proposed restructuring of Singapore Press Holdings. Under the plan, SPH would be giving up 6.6 per cent of its assets to a new entity, a company limited by guarantee (CLG).https://www.straitstimes.com/singapore/separation-from-media-will-let-sph-seize-new-opportunities

Developers need to find new ways to improve value Locally listed property developers keen to arrest persistent undervaluation may need to take a leaf out of CapitaLand’s book and consider different formats for their listed vehicles.

Table litter includes used tissues and wet wipes, straws, canned drinks, plastic bottles and food remnants.https://www.straitstimes.com/singapore/environment/mandatory-for-diners-to-return-trays-clear-own-litter-from-june

Update on COVID-19 (Coronavirus Disease 2019) Situation

38 community infections among 49 new Covid-19 cases There were 49 new Covid-19 cases, including 38 in the community, as at noon on Sunday, said the Ministry of Health (MOH). Of the community cases, 18 are currently unlinked. Thirteen of the community cases had already been placed under quarantine earlier.

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