Daily Briefing: PM Lee says Singapore should learn to maximise cloud tech; Singapore port authority invested $26m in cleaner LNG development

And Le Arc Apartment up for collective sale at $20m.

From e27:

Prime minister Lee Hsien Loong said that Singapore needs to learn how to take maximum advantage of cloud technology as the country gears to revamp its existing IT infrastructure.

“We have to decide which systems can use commercial cloud services, and which cannot. For systems that cannot go onto the commercial cloud, we have to design our own government cloud, so that at least these systems can share the government cloud infrastructure, and benefit from its efficiencies and economics of scale,” said Lee.

In his opening speech at the inaugural GovTech (Government Technology Agency) Stack Developer Conference, the PM said that although the country were early adopters of technology, they now “have many legacy IT systems built up over the years, in different government agencies.”

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From Reuters:

As the world’s largest marine refueling hub, the Singapore port has already invested $26m in order to develop cleaner burning liquefied natural gas (LNG) as a marine fuel at the city-state.

The bulk of the investments, totaling about S$18 million, were directed at co-funding the construction of LNG-powered vessels including tug boats, according to Maritime and Port Authority (MPA) of Singapore deputy director Alan Lim.

“We’ve been working to develop LNG-bunkering in Singapore since about late-2015,” Lim told Reuters.

The investments come ahead of growing pressures on the global shipping industry to reduce its emissions footprint and as new limits on the sulfur content of marine fuels come into effect from 2020.

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From iCompare Loan: 

Le Arc Apartment in Geylang is up for collective sale with owners expecting an offer between $20m to $22m.

This works out to about $915.59 psf per plot ratio (psf ppr) or $832.35 psf ppr after taking into account the 10 percent bonus balcony space as well as the development charge of about $150,000.

Each owner is expected to receive $1.6 million to $1.8 million in proceeds from the successful sale of the freehold property.

ERA Realty Network, the property’s sole marketing agent, noted that the site can potentially yield 23 to 30 new housing units.
The tender for Le Arc Apartment closes on 7 November.

Read more here.