MND to give lift maintenance, replacement grants to town councils
TOWN councils in Singapore will get more funding from the Ministry of National Development (MND) to maintain and replace lifts, the ministry said in a press release Thursday afternoon.
It said it will give town councils a "lift maintenance grant" of S$600 for each lift that the town council owns and maintains. That is expected to cost the government S$13 million a year.
It will also match half of town councils' quarterly "lift replacement fund" contributions, it said, adding that this new matching grant is expected to cost the government over S$50 million in the coming year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TikTok artists and advertisers to stay with app until ‘door slams shut’