Daily Briefing: FairPrice allows discounts to PG members' relatives; BTO flat construction to speed up after circuit breaker period

And Mighty Jaxx bags $3m funding.

From Channel News Asia:

Close relatives of members of the Pioneer Generation (PG) may purchase discounted groceries on their behalf during this circuit breaker period, said NTUC FairPrice.

Under the PG discount scheme, seniors receive 3% of up to $200 spent on groceries at FairPrice outlets when they shop on Mondays and Wednesdays.

Starting this Wednesday, family members of Pioneer Generation seniors who shop at FairPrice on these days will receive the discount when they present their relative's PG card.

To limit the number of people in its stores, NTUC FairPrice also organised Priority Shopping Hour, an initiative that will give way and allow time for the elderly to shop.

Family members of PG seniors will not be allowed to use the PG card during Priority Shopping Hour, which is held every Monday during the first hour of operations or 7am to 8am for 24-hour stores.

Read more here.https://www.channelnewsasia.com/news/singapore/covid19-ntuc-fairprice-pioneer-generation-discount-family-12636510

From Property Guru:

The Housing and Development Board (HDB) revealed that the construction of BTO flats will be expedited following the lifting of such measures to keep projects on track. This comes after construction activities for all Build-To-Order (BTO) projects have been stopped amidst the government’s circuit breaker measures.

In case there are changes to the projects’ timeline, HDB said it will inform affected residents through its My HDBPage online.

The BTO projects that are expected to be completed this year include Clementi Crest in Clementi, Alkaff Oasis and Alkaff CourtView in Bidadari as well as Northshore Residences I and II in Punggol.

Meanwhile, upgrading works under the Home Improvement Programme (HIP) have been halted since 7 April.

Read more here. https://www.propertyguru.com.sg/property-management-news/2020/4/187328/construction-of-bto-flats-to-be-fast-tracked-after-circuit-breaker-period-ends-on-4-may

From DealStreetAsia:

Singapore-based, designer toys manufacturer Mighty Jaxx International has raised a funding of $4.5m led by South Korea’s KB Investment to conclude its pre-series A funding round at a total amount of $7m.

The new tranche of funding was also joined by existing investor SGInnovate and LA-based VC Greycroft Partners.

The latest capital infusion comes a year after the initial investment of $2.15m, led by Eight Mercatus. The funding was used to develop the first iteration of MightJaxx's proprietary technology platform, MightyVerse.

MightyJaxx will use the fresh injection of funds from KBI and Greycoft to further develop MightyVerse.

Read more here. https://www.dealstreetasia.com/stories/mighty-jaxx-kb-investment-184045/