5 S’pore News That You Should Know About That Were Reported Yesterday (14 October 2019)

Let’s face it: in this social media world, exciting and viral news like a cat feeding a baby beer would often appear in your Facebook news feed, while important news like the GDP growth of Singapore this year wouldn’t get the same reach.

It’s understandable since social media platforms would prioritise engaging and viral contents to keep users in their platform.

In order to ensure that you’d still know about important news instead just social news, below are the top five Singapore news that was reported yesterday which you should know, simplified for you in a bite-sized format:

Slight Dip In COE Supply For November To January Period

Car buyers will see a slight dip in the certificate of entitlement (COE) supply for the November-January quota period, according to the Land Transport Authority (LTA).

Overall, care buyers will have about 4,813 COEs a month, which is 1.9% fewer than the current 4,904 COEs.

The monthly quota for cars up to 1,600 cc and 130bhp will average 2,036 from 2,112 now. Cars above 1,600cc or 130bhp will have 2,023 COEs a month, from 2,083 now.

For more info, tap here.

Transport Minister Khaw Boon Wan Calls For Cost Efficiency And To Prevent Biased Regulatory Regime For Rail Sector

Transport Minister Khaw Boon Wan said yesterday that rail operators haven’t invested enough in maintenance in earlier years. However, he also mentioned to be wary of overspending in the future.

“A regulator working closely with the industry to advance consumer welfare is good. But a regulator getting too comfortable with the industry, neglecting consumer welfare, will be crossing a red line,” he said.

For more info, tap here.

Jeffrey Ong, Who’s Linked To the Missing $33 million, Faces 4 New Charges

A lawyer named Jeffrey Ong vanished after more than $33 million that was parked at his firm went missing.

He was given four new charges yesterday. This includes one count of criminal breach of trust (CBT) as an attorney.

It was revealed that Ong left Singapore for Malaysia in a private-hire car on 13 May. He has since discarded his mobile phone and has been uncontactable.

For more info, tap here.

LTA Is $1 Billion In Debt As Fares Fall Far Below Govt Contracts

Public bus operations have incurred “Losses” amounting to $1 Billion in the 2018/2019 financial year. This was revealed in the latest annual report released by the Land Transport Authority (LTA).

The revenue LTA received from bus fares was $834 million and “other income” was $78 million. This totals to $912 million in operating income.

However, expenditure came up to $1.925 billion. As a result, there was a deficit of around $1 billion.

For more info, tap here.

Transport Minister: Siemens, Alstom To Set Up Signalling Simulation Centres In S’pore

Engineering groups Siemens and Alstom will be setting up signalling simulation centres for the Downtown and Thomson-East Coast lines in Singapore.

Transport Minister Khaw Boon Wan revealed that the 8th Joint Forum on Infrastructure Maintenance yesterday.

For more info, tap here.

Do come back tomorrow to the Goody Feed app so you’ll always stay informed!