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Cars losing its shine in Singapore as youths nowadays prefers to cycle, says poll

The proportion of young Singaporeans who aspire to own a car has shrunk substantially from six years ago.

China told Evergrande to meet obligations

BEIJING - Regulators in China are said to have instructed developer Evergrande Group to focus on completing unfinished properties and repaying investors while avoiding a near-term default.

All eyes on China's embattled developer Evergrande as interest payment looms

China told Evergrande to meet obligations

Singapore Warms to Electric Cars Two Years After Tesla's Rebuke

Singapore Warms to Electric Cars Two Years After Tesla’s Rebuke Mar 08 2021, 4:01 PM March 08 2021, 2:30 AM March 08 2021, 4:01 PM (Bloomberg) (Bloomberg) After years of not doing much to foster the uptake of electric cars, Singapore has started to embrace them. Transport Minister Ong Ye Kung, speaking in parliament last week, said there is a net carbon positive impact in switching from gas guzzlers to electric vehicles, “even if the electricity is generated by fossil fuels.” And last month, Singapore pledged S$30 million ($22 million) over five years for EV-related initiatives. “With our urban environment, Singapore is quite ideal as a test-bed for the rapid adoption of EVs,” Ong said.