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Apr 17. 2019
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By Asia News Network

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Large tourism development planned for Jurong Lake District

The up-and-coming Jurong Lake District in Singapore will welcome a new 7ha integrated tourism development from 2026.

The Singapore Tourism Board (STB) will be calling for an expression of interest exercise for the development, which will feature a hotel, attractions, eateries and shops, it was announced on Tuesday.

The now-vacant plot of land sits adjacent to Chinese Garden MRT station and the site where a new Science Centre will be built in Jurong Lake Gardens East.

Making the announcement at STB's annual tourism industry conference, Senior Minister of State for Trade and Industry Chee Hong Tat said that with its "unique waterfront environment and location... we envision this area to be transformed into a key attraction from 2026".

The new development is in line with STB's strategy to spread out its tourism offerings across different parts of Singapore, he said, adding that the exercise will close in early November.

The 360ha Jurong Lake District is positioned as Singapore's second Central Business District, and previously announced plans for the area include a commercial precinct, housing and expanded gardens.

It will also host the Singapore terminus of the Kuala Lumpur-Singapore High Speed Rail, and has been earmarked as a car-lite district.

To complement upcoming parks in the Mandai nature precinct, Wildlife Reserves Singapore (WRS) will be refreshing the Singapore Zoo, Night Safari and River Safari, said Chee. – The Straits Times 

Payment platform LinkAja set for April 21 launch 

State-owned digital payment platform LinkAja will be officially launched on April 21.

LinkAja, which will be operated by PT Fintek Karya Nusantara (Finraya), was established by the State-Owned Lenders Association (Himbara) and several other state-owned enterprises.

“Actually, we have used it. The soft launch has taken place. But officially, it will be launched on April 21,” said state-owned lender Bank Mandiri’s president director, Kartika Wirjoatmodjo.

He added that LinkAja had completed the migration of electronic money users to a server owned by Himbara.

Kartika said LinkAja had 25 million users comprising about 2.5 million active users, adding that Himbara believed that it would garner between 5 and 10 million active LinkAja users by the end of the year.

He said, in the future, LinkAja’s financial resources would not only come from electronic money, but it also from credit card users, debit cards and Himbara bank account holders. – The Jakarta Post 

Maxis launches commercial narrowband-IoT service

Maxis Bhd launched Malaysia's first commercial Narrowband-Internet of Things (NB-IoT) service in selected areas including Cyberjaya, Penang, Kuching, Putrajaya, Johor Bahru, and KLCC.

It said on Tuesday it had activated its NB-IoT network in these selected areas which were within the key IoT market centres.

NB-IoT, a dedicated network for IoT technology, brings 5G-like capabilities albeit for lower bandwidth applications.

Maxis said NB-IoT can support millions of connected things which consumes very low power and therefore lends itself to delivering a long battery life. 

The technology will power up Big Data and enable advanced data analytics to help make decisions in areas such as potential cost savings, improved efficiency and new business opportunities. 

“As part of the launch, Maxis will also offer NB-IoT solutions and promote the development of the local ecosystem through sharing of global best practices and the curation of best in breed solutions. – The Star 

Vietnam Airlines approved for listing on HoSE

The national carrier Vietnam Airlines has gained approval of the Ho Chi Minh Stock Exchange (HoSE) to list its 1.4 billion shares on the southern bourse.

The company will move to HoSE from the Unlisted Public Company Market (UPCoM) and the stock ticket will remain as HVN.

The company’s market value on HoSE is approved at 14 trillion dongs (US$602 million, Bt19.2 billion).

Vietnam Airlines planned to switch to HoSE from UPCoM in 2018, but the decline of the stock market in the second half of 2018 made the firm delay its plan until now. – Viet Nam News


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