Wednesday, May 27, 2020

Circuit Breaker Day 51

Fortitude Budget, the 4th (and final?) budget released by DPM Heng in response to the COVID-19 pandemic yesterday was largely targeted at supporting companies navigating through these difficult times as Singapore brace for a steep recession brought about by the closing of economy for 3 months. For commoner like us, there will be an additional $100 rebate of the utility bills in July or August for all households with at least one Singapore Citizen.

Well, nothing much to celebrate about. 5 more days to the exit of Circuit Breaker. Appointed as the leader for the Safe Management Officers. Need to be back to office on 01-Jun to prepare for the employees returning back to office.

Thursday, May 21, 2020

Circuit Breaker Day 45

A slew of announcement was released on Tuesday night confirming that Singapore will exit this circuit breaker starting Jun 2 in 3 phases. Phase 1 will last at least 4 weeks, Phase 2 will last several months, and if everything has stabilized, then we will move to Phase 3, the new normal. A detailed plan on the 3 phase re-opening of economy can be found below:

DPM Heng will also be delivering ministerial statement on Covid-19 support measures on May 26, promising more support for business and individuals. Perhaps more ang baos or U-save rebate is on the way? We will find out next week.

EHT yesterday announced that Mr Howard Wu and Mr Taylor Woods (the Non-Independent and Non-Executive Chairman and Deputy Chairman respectively) will resign from the Boards of EHT Directors on 26-May after their recent mess-up by not disclosing information regarding the signing of "Further Non-Disturbance Agreement" which was later identified that certain clauses in the agreement is prejudicial to the interests of EHT and its minority Stapled Securityholders. Point to note is that both Howard Wu and Taylor Woods are also the Co-founder/Principal  of  Urban  Commons, which is EHT sponsor. I feel the resignation is a step in the correct direction, at least going forward, there will not be anymore conflict of interest, if both of them are acting in the interest of Urban Commons or EHT. Hopefully, this can speed up the restructuring negotiation and resumption of trading in EHT shares. USA is starting to open up their economy, gearing as of now is still below 40%, which in my opinion, should not be a concern that EHT may go underwater.

Tuesday, May 19, 2020

Circuit Breaker Day 43

Another 7 days have passed, gradually losing track of time. Today marks the 43rd day of circuit breaker, another 13 more days to go. Can't wait for this to end and no more further extension. Currently working on company protocol to prepare employees going back to office come Jun 2. There is really a lot of things that need to be implemented. Situation in Singapore looks good as new cases are trending down. 

Hang in there everyone. The light at the end of the tunnel is near. Stay Home, Stay Safe everyone 😀

Tuesday, May 12, 2020

Circuit Breaker Day 36

Today marks the start of the next round of easing of Singapore Circuit Breaker, where home-based food businesses, selected food retail outlets, hairdressers and pet supplies stores can open. Rejoice Bubble Tea lovers. For MacDonald die hard fans, you can finally breath a sigh of relief. They have come back to serve Singaporean once again starting 11-May.
Another week passed, pretty nothing much exciting happened worth mentioning. USA has started opening up their economy. With that, hopefully Eagle H Trust saga can quickly reached a resolution with their USA hotels to start trading again.

Looks like it is going to be troublesome for people when workplace start opening in Singapore. In a media release on Saturday (9 May), deployment of the national digital check-in system (SafeEntry) will be made mandatory for places where individuals are likely to be in close proximity for prolonged periods or in enclosed spaces, or where there is higher traffic. The places listed by the taskforce include:
  • Workplaces such as offices and factories;
  • Schools and educational institutes;
  • Pre-schools;
  • Healthcare facilities such as hospitals, clinics and traditional Chinese medicine (TCM) clinics;
  • Residential care facilities such as nursing homes;
  • Hairdressers and barbers;
  • Supermarkets;
  • Selected popular wet markets (Geylang Serai Market, Chong Pang Market, Block 20/21 Marsiling Lane, and Block 505 Jurong West Street 52);
  • Malls;
  • Hotels.
For more information, you can look at the news article here.

Alamak, when will this end? Stay Home, Stay Safe everyone 😀

Wednesday, May 06, 2020

Circuit Breaker Day 30

Another short working week. Still surviving on... waiting for the Circuit Breaker (CB) to be over. Thank God Singapore government has started easing the control measures implemented during the CB period, starting off with the resumption of TCM for pain management and allowing resident living in strata-titled residential buildings to exercise within the common areas of these private residential developments beginning 05-May.

Nothing much changes for the past week, except new developments for the 3 month old:
  • Obtained new skills at gargling milk. Awww... (Stop wasting and spilling the milk)
  • Able to turn from back to tummy by himself but can't turn back ^.^
Picked up another batch of HPH Trust last week. Target reached. Now waiting for the economy recovery to begin.