BT Explains: Why are condo, HDB rents rising? Rents for condominium units have risen for four consecutive months as at April, flash data from real estate portal SRX this week showed. Likewise, Housing Board (HDB) rents have increased for 10 straight months. Specifically, rents for condo units and HDB flats both rose 1.3 per cent in April from the previous month.

GLP sells world’s largest US-dollar green perp offering at US$850m Property investment firm GLP this month sold the world’s largest US-dollar green subordinated perpetual offering.

Infected prison inmate’s 4 cellmates test negative, but to be tested again Four cellmates of a 32-year-old inmate with Covid-19 have tested negative and will be tested again, said the Singapore Prison Service (SPS) yesterday. They were immediately transferred to separate, isolated cells after the inmate tested positive for the virus, the SPS said.

Infected airport staff mainly in zone for higher-risk arrivals The Changi Airport workers infected with Covid-19 had mainly been working in one zone that had received travellers from higher-risk regions, including South Asia.

S’pore’s diplomacy, green efforts gain global recognition Singapore’s profile on climate change is gaining recognition on the international stage. Last week, a senior United States official said that the Republic’s efforts towards innovation to deal with the issue could offer lessons for other cities.

S’pore-HK air travel bubble likely to be delayed again The air travel bubble to allow for quarantine-free travel between Singapore and Hong Kong is likely to be delayed yet again, given the rising number of Covid-19 community cases in Singapore.

Bitcoin hovers around $50000 amid the fallout from musks blaster

What relationship does Tesla have to Bitcoin?

Tesla sparked a Bitcoin boom in February, after announcing it would invest some $1.5 billion in the cryptocurrency with the intention to allow customers to buy their e-cars with it.

The fair market value of Tesla’s Bitcoin by the end of March was $2.48 billion, securities filings showed. Tesla said it was not planning to sell its Bitcoin holdings.

“Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy,” the statement said.

The company was also looking into other cryptocurrency options without Bitcoin’s environmental impacts, it said.

What is Bitcoin’s impact on the environment?

Bitcoin is mined by computers solving complex puzzles.

Covid-19 vaccine in the second phase of the nation’s vaccination exercise. Many international studies show that at least one dose can provide good protection from the virus without compromising efficacy, new Health Minister Ong Ye Kung said at a Covid-19 multi-ministry task force press conference on Sunday evening.

Public’s trust needed in order for TraceTogether to succeed: GovTech chief The government agency behind the development of Singapore’s contact tracing mobile app TraceTogether did not intend to mislead the public on data privacy, said its chief executive Kok Ping Soon.

Deputy Prime Minister Heng Swee Keat has carried with him to 10 Budgets over six years.

Challenges, aims and priorities of 7 S’pore Cabinet ministers with new portfolios As seven Cabinet ministers take on new portfolios on Saturday (May 15) following the latest reshuffle, Insight looks at the key challenges facing them and what some of their key priorities are likely to be.

Challenges faced by Chinese firms and Singapore’s unique role It is not all hunky dory for Chinese enterprises coming to this region, as they face challenges such as cultural differences and language issues.

Stricter measures for a safer outcome Stricter measures that kicked in yesterday and that will last till June 13 have been imposed in the light of a rise in the number of new Covid-19 clusters and unlinked community cases recently. Even as the authorities test people more intensively and try to ring-fence transmissions, a society-wide effort based on stringent restrictions is now needed to stem the spread of cases.

Enough stocks and supply lines are intact, says Chan as queues form Long queues formed at supermarkets islandwide yesterday, as people stocked up on groceries and essentials after the multi-ministry task force announced tighter measures that begin tomorrow.

The US electric car manufacturer Tesla suspended its plans to accept Bitcoin as a payment method, CEO Elon Musk announced in a Twitter statement late Wednesday.

Musk, who has become notorious for moving the price of cryptocurrencies via tweets, cited the massive amount of energy required to keep Bitcoin running and its environmental impacts as the reasoning behind Tesla’s turnaround.

“We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” the statement said.

While cryptocurrency is a “good idea on many levels,” it comes at a “great cost to the environment,” Musk said.

The price of Bitcoin dropped nearly 13% late Wednesday after Tesla’s announcement, according to Coin Metrics.

Singapore Economy

STB to allow SingapoRediscovers Voucher refunds for cancelled staycation bookings While approved attractions, hotels and tours will remain open from May 16 to June 13, customers who used SingapoRediscovers Vouchers (SRVs) to make bookings may be able to get refunds or reschedule their bookings, the Singapore Tourism Board (STB) said on Sunday.

Outlook too cloudy for new wage guidelines but firms should reward workers fairly: NWC The economic outlook remains too uncertain and uneven for the tripartite National Wages Council (NWC) to issue fresh guidelines on wages and employment at this time.

Rapid testing to identify Covid-19 cases will help speed up contact tracing Singapore has started carrying out rapid testing for Covid-19 and picked up seven of yesterday’s 18 unlinked cases through this method, said Health Minister Ong Ye Kung. The new testing strategy, along with higher virus transmission in the community, explains why more cases were reported yesterday, Mr Ong added.

Pfizer seeks approval for vaccine use for kids aged 12 to 15 Pharmaceutical company Pfizer is seeking approval for its Covid-19 vaccine to be used in children aged 12 to 15, said Education Minister Chan Chun Sing yesterday.

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