
Johor Bahru's old-school bakeries: Feeling the heat amid rising costs
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CNA
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COE premiums for cars highest in almost two years, with Category A rising to over S$104,000
SINGAPORE: Certificate of Entitlement (COE) premiums for cars closed at their highest in nearly two years in the latest bidding exercise on Wednesday (Aug 20). For Category A, which is for smaller cars, premiums closed at S$104,524 (US$81,330), up from S$102,009 in the previous exercise. The last time prices were higher in this category was in October 2023, when it hit a record of S$106,000. Premiums for larger and more powerful cars in Category B rose to S$124,400 from S$123,498. This is a high since December 2023 when prices hit S$130,100. Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$125,001 from S$122,334. The last time prices were higher in this category was in December 2023, at S$133,388 COEs for commercial vehicles, which include goods vehicles and buses, rose to S$72,190 from S$70,001 in the previous bidding exercise. Motorcycle premiums closed at S$8,809, down from S$9,189 in the last exercise. A total of 4,760 bids were received, with a quota of 3,126 COEs available. This is the second tender under the August to October COE quota. At 18,701, the overall supply of COEs is up by nearly 2.6 per cent compared with the previous quarter.


CNA
an hour ago
- CNA
Insatiable global meat appetite leaves Thai farmland scarred
Thailand is the world's largest exporter of processed chicken, with conglomerates like CP Foods leading global supply chains. Much of the maize grown here is used for animal feed.


CNA
2 hours ago
- CNA
Grab blames 'temporary system issue' for very high prices, some above S$1,000, wrongly displayed on its app
SINGAPORE: Riding-hailing platform Grab has blamed a "temporary system issue" for "abnormally high prices" wrongly displayed on its app, some of them above S$1,000 (US$778), on Wednesday (Aug 20). Users in both Singapore and Malaysia reported these sky-high fares appearing on Grab's app. It is not clear if any payments at this level were charged to any riders. The glitch was reported by some users around noon and it has not been confirmed how long the problem lasted. In response to queries from CNA, a company spokesperson said the issue has since been resolved. "We encountered a temporary system issue that led to abnormally high prices being wrongly displayed in our app," said the Grab spokesperson.