Singapore digest news (24.04-29.04)

Rooftop solar panels, hydroponics farms: Climate education picks up pace in Singapore schools

Apart from infrastructural projects on school premises, students are also encouraged to be more environmentally conscious through everyday activities such as finishing their food to prevent wastage.

Schools here are going green with efforts to reduce carbon emissions, while ramping up on initiatives to educate students on climate issues from a younger age.

More than 180 schools have joined in the SolarNova programme, which progressively installs solar panels on their rooftops, the Ministry of Education (MOE) said earlier this month.


Singapore lender UOB's Q1 core profit leaps 74% to record US$1.2 billion

Singapore's United Overseas Bank (UOB) reported on Thursday (Apr 27) a 74 per cent surge in core profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth.

Net profit in the first quarter climbed 67 per cent to S$1.51 billion.


Singapore Tourism Board inks 3-year partnership with Weixin Pay

The Singapore Tourism Board (STB) and Weixin Pay entered into a strategic agreement in Shanghai.

The 3-year agreement pledges to bring smarter and more convenient traveling experiences to Chinese tourists. The two sides will also leverage the Weixin ecosystem to promote the digital transformation of various industries in the city-state.


Singapore closer to testing ammonia bunkering as study finds ‘low or mitigable’ risks

Singapore has taken a crucial step closer to starting pilot studies on the feasibility of ammonia as a green marine fuel, with a study finding the risks of assessing the highly toxic fuel to be “low or mitigable”.

Given that Singapore’s demand for conventional marine fuels was consistently 20 per cent of the global marine fuel demand from 2012 to 2021, Singapore might have to meet a 50 million tonne demand for ammonia marine fuel by 2050.


Singapore hikes residential property ABSD, doubles foreigner rate to 60%

The Singapore government stepped up Additional Buyer Stamp Duty (ABSD) rates for residential properties, in a fresh round of cooling measures aimed at curbing investment demand.

For Singapore citizens, ABSD for the purchase of their second property will be raised to 20 per cent from 17 per cent and to 30 per cent from 25 per cent for their third and subsequent properties. Singapore permanent residents (PR) will see ABSD raised from 25 per cent to 30 per cent on their second property and from 30 per cent to 35 per cent for their third and subsequent properties.

Foreigners bear the brunt of the increases, with ABSD on any property purchase doubled from 30 per cent to 60 per cent. A 65 per cent rate will apply to residential properties bought by entities or in trust, up from 35 per cent. The new rates take effect on Apr 27.