Singapore Economic News

[weijian]

So, a safety timeout that started last month still yielded "3 deaths". This sounds like a veiled threat by MOM to the players to "wise up their idea", before resorting to harsher measures again, eg. the 9-month heightened safety period that resulted in a slowdown of construction activities 2years ago.

On another note, a slow down will probably affect everyone in the supply chain - from materials to equip suppliers and finally the subcontractors/contractors/developers. But it seems those providing manpower accommodation (Centurion corp) will be relatively immune!

15 workplace deaths in construction sector in second half of 2024

MOM is investigating three workplace deaths in about two weeks.

There have been 15 workplace deaths in the construction sector in the second half of 2024 so far, triple the first half of the year. The 20 deaths in the sector in 2024 so far are more than the 18 fatalities recorded in 2023.

In a Facebook post on Friday (Dec 13), the Ministry of Manpower (MOM) said the workplace safety and health performance for the construction sector has been "concerning" this year.

https://www.channelnewsasia.com/singapor...ry-4805621

P.S. wonder what is the difference between a Facebook post and official press release in terms of the signalling?

[Behappyalways]

Chia's brother in turn engaged Chia and two other self-employed workers for the work team.


.....Chia's brother....not young I guess....what are 2 grandpas doing on the construction site...




S'pore construction worker, 82, died from head injury after fall at worksite: Coroner
https://mothership.sg/2024/05/constructi...l-coroner/

So, a safety timeout that started last month still yielded "3 deaths". This sounds like a veiled threat by MOM to the players to "wise up their idea", before resorting to harsher measures again, eg. the 9-month heightened safety period that resulted in a slowdown of construction activities 2years ago.

On another note, a slow down will probably affect everyone in the supply chain - from materials to equip suppliers and finally the subcontractors/contractors/developers. But it seems those providing manpower accommodation (Centurion corp) will be relatively immune!

15 workplace deaths in construction sector in second half of 2024

MOM is investigating three workplace deaths in about two weeks.

There have been 15 workplace deaths in the construction sector in the second half of 2024 so far, triple the first half of the year. The 20 deaths in the sector in 2024 so far are more than the 18 fatalities recorded in 2023.

In a Facebook post on Friday (Dec 13), the Ministry of Manpower (MOM) said the workplace safety and health performance for the construction sector has been "concerning" this year.

https://www.channelnewsasia.com/singapor...ry-4805621

P.S. wonder what is the difference between a Facebook post and official press release in terms of the signalling?

[¯|_(ツ)_/¯]

Safety timeout is important.
Hope that more safety check could be done especially in the festive seasons.

1. What is Safety Timeout STO: https://www.tal.sg/wshc/-/media/tal/wshc...me_out.pdf

2. STO Checklists: https://www.tal.sg/wshc/resources?childT...20Articles

3. Latest news from CNA: https://www.channelnewsasia.com/singapor...0in%202023.

Credit: CNA 15 workplace deaths in construction sector in second half of 2024

Gratitude!

[¯|_(ツ)_/¯]

Company fined $160k over fatal workplace accident near MRT depot


Credit: TNP (link)

A construction company has been fined $160,000 over a workplace accident that killed one worker near the Changi MRT depot in December 2020.

The firm was convicted on Dec 17, 2024 of a charge under the Workplace Safety and Health Act.

MOM prosecutors said: “Both Lum Chang’s own set of safety documents as well as BLT’s safety documents, which were reviewed by Lum Chang, failed to identify and address the foreseeable hazard of a failure in the spliced joint...Consequently, no risk control measures were identified and then implemented on site to specifically address the said hazard.”

For committing the offence, Lum Chang Building Contractors could have been fined up to $500,000.

[Behappyalways]

Singapore dormitory
https://investideas.net/forum/viewtopic....7&start=50

[Behappyalways]

The most recent available data from the Singapore Department of Statistics showed that operating revenue for night clubs, discotheques, dance clubs and karaoke lounges in 2022 stood at S$284.7 million, a far cry from the peak of S$674.7 million in 2015.

Empty bars, high prices and early nights: Singapore's dying nightlife could have wider repercussions
https://www.channelnewsasia.com/today/bi...ct-4922661

[weijian]

Now that the "V-shaped recovery" from Liberation Day is almost complete (although no one knows if it will be a "W"), I thought it would be good to take a look at the companies that did SBB during that week. Actions matter more when things are not looking good.

In general, I would think that it would be a "plus point" for the Mgt who did SBB, beyond what they normally will do or had already declared so. For example, the 3 banks had already announced much earlier of their SBB plans and so buying during Liberation week could be construed as "ordinary course of events" than a "plus point".

I thought a couple stood out - YZJ Shipbuilding, SIA, Capitaland Investment, Valuetronics, PanUnited, Hock Lian Seng stood out...

Share Buybacks (14 Apr 2025)

The five sessions saw 32 primary-listed companies conduct buybacks with a total consideration of S$205 million, a surge from the preceding weekly consideration tallies in the vicinity of S$60 million to S$70 million. DBS Group Holdings led the consideration tally, with 3 million shares bought back at an average price of S$39.73 a share.

ESR-REIT and Stoneweg European REIT also conducted buybacks over the five sessions.

https://www.sgx.com/research-education/m...e-buybacks