In the past year, Singapore s security sector has had to adapt to the disruption caused by the pandemic.
While the change to a more technology-based and manpower-light operational set-up would have come eventually, Covid-19 has accelerated it.
Mr Nelson Tee, president of the Security Systems Association of Singapore, told The Straits Times: The Covid-19 pandemic was a catalyst to quicken the adoption of new technologies. Without Covid-19, there would still be change, but at a slower pace.
Where it was previously common to see two or three officers manning a condominium security post, one is now the norm.
Booking-in applications and online pre-registrations for condominium visitors offer convenience and less exposure for both visitors and security officers, said Mr Tee.
Mortgage Business Urgent freezing orders issued to property developer By Annie Kane 29 December 2020
ASIC has obtained urgent interim orders and started court proceedings against a property developer following concerns it was using investor funds for personal use and providing unlicensed financial advice.
The Australian Securities and Investments Commission (ASIC) has commenced civil proceedings in the Federal Court against Perth-based MKS Property Investments/Developments Pty Ltd (MKS Property) and Paradise Property Group Pty Ltd (Paradise Property), as well as four people related to these companies: Monica Kaur, Sadu Singh, Melvin Paul Singh and Stephanie Lee.
According to the regulator, it is concerned that Ms Kaur had been providing unlicensed financial advice services and that she, togeth
Date Time
ASIC obtains freezing orders against Perth-based property developers
ASIC has commenced civil proceedings and obtained urgent interim orders in the Federal Court against Ms Monica Kaur, MKS Property Investments/Developments Pty Ltd (MKS Property), Paradise Property Group Pty Ltd (Paradise Property) as well as against Mr Sadu Singh, Mr Melvin Paul Singh and Ms Stephanie Lee (together, the defendants).
ASIC is concerned that Ms Kaur is providing unlicensed financial advice services and that she, together with the defendants, are involved in promoting and operating an unregistered managed investment scheme.
On 16 December 2020, ASIC obtained urgent interim orders:
restraining the defendants from removing their assets from Australia, disposing of their property, and freezing monies in their bank accounts; and