TL;DR

Who: NCSS, WeWork and Smart City Kitchens

Weekly Business Brief | 2019 Week 29

Wrapping up the week's business news and announcements.

SBO Singapore Weekly Business Brief
Published:   |   Updated:   |   Posted in

Social service sector gets S$20m boost to adopt technology, tackle manpower crunch

… social service agencies can get up to 98 per cent funding, capped at S$450,000 per centre…

Charities and social service agencies will be able to adopt technological solutions at subsidised rates under an initiative introduced by the National Council of Social Services (NCSS) on Tuesday (Jul 16).

These include an intelligent surveillance system called SoundEye, which can alert staff when people fall or injure themselves, and an autonomous cleaning robot designed to have human-like responses.

Under the Tech Booster initiative, social service agencies can get up to 98 per cent funding, capped at S$450,000 per centre, if they adopt three or more technology solutions.

Applications to NCSS are now open and will close at the end of September.

Read more in this Channel NewsAsia report.

WeWork to take over 21-storey HSBC building in Collyer Quay

The tower, 21 Collyer Quay, will be WeWork’s biggest property in [Singapore]…

Co-working space provider WeWork is set to take over the lease of the 21-storey HSBC building in Collyer Quay, marking an expansion by the US firm in Asia.

The tower, 21 Collyer Quay, will be WeWork’s biggest property in the Southeast Asian nation and has a net lettable area of about 200,000 sq ft. It is currently valued at S$462.2 million.

CCT said its lease deal with Hongkong and Shanghai Banking Corp, a unit of HSBC Holdings, will end in April 2020. WeWork’s lease will start in the second quarter of 2021 for seven years.

Read more in this Channel NewsAsia report.

Shared-kitchen operator asks competition watchdog to help ‘level the playing field’

“This has severely affected at least seven tenants who had already started operations…”

A shared-kitchen operator has appealed to the Competition and Consumer Commission of Singapore (CCCS) to “help level the playing field” after being shut out by a second food delivery operator just weeks after starting business.

The 13,000 sq ft facility opened last month and houses 30 individual kitchens that are rented out to food and beverage operators for delivery operations.

In addition to providing delivery services for restaurant partners, Deliveroo operates three shared kitchens of its own. GrabFood said earlier this year that it planned to venture into the space as well.

Foodpanda, which has two shared kitchens in Singapore where its couriers deliver from a variety of brands, has continued to partner with those operating out of Smart City Kitchens.

Mr Tseng said the moves by Deliveroo and GrabFood “go against the spirit of fair play and healthy competition”.

“This has severely affected at least seven tenants who had already started operations, and is deeply concerning to over 20 others who are due to commence operations over the coming weeks,” he said.

Read more in this Straits Times report.


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