Latest news with #CathayCineplexes
New Paper
08-05-2025
- Business
- New Paper
Shaw Theatres to take over Cathay cineplex at Jem mall
Shaw Theatres is set to take over the 47,000 sq ft cinema space previously occupied by Cathay Cineplexes at Jem shopping centre in Jurong East. "Jem is a fantastic mall and we will be working on a set of offerings that we hope our patrons will find exciting," a Shaw Theatres spokesperson told The Straits Times, adding that the official opening date has yet to be confirmed. This new cinema will mark Shaw Theatres' eighth outlet in Singapore. It closed its Seletar Mall outlet in December 2024 after the mall's management opted to repurpose the space. In August 2023, its JCube outlet in Jurong East also shuttered when the mall closed. "We look forward to serving Jurong East and the surrounding districts once again," the spokesperson added. The move came after Lendlease Global Commercial Real Estate Investment Trust (LReit) - the landlord of Jem - terminated its lease with Cathay Cineplexes and repossessed the cinema space on March 27. Cathay Cineplexes, owned and operated by mainboard-listed mm2 Asia, had fallen behind on rent, and LReit is seeking to recoup about $4.3 million in rental arrears, among other things. In a business update for its third quarter ended March 31, LReit said it is in talks with Cathay Cineplexes to recover the outstanding amount owed and "will provide an update at an appropriate juncture". In the same update released after trading hours on May 7, LReit announced its new lease with Shaw Theatres without specifying the lease duration. It also announced the onboarding of new tenants, including Chinese tea chain Chagee, Canadian activewear brand Lululemon and Japanese thrift store chain 2nd Street, which opened its doors on April 29 at 313@somerset, another mall under LReit's retail portfolio. For the quarter ended March 31, LReit's retail portfolio achieved a strong occupancy rate of 99.5 per cent, with a positive rental reversion of 10.4 per cent - indicating higher rental rates for its new or renewed leases. However, it saw a slight drop of 0.2 per cent in visitation while tenant sales fell by 5.1 per cent year-to-date. LReit said this is due to a softer retail landscape, increased outbound tourism and weaker performance in categories like shoes and bags, fashion and accessories, and sporting goods and apparel. "Singapore retail sales remain under pressure as retailers navigate rising costs and e-commerce competition. Nevertheless, the outlook for 2025 remains optimistic, supported by easing inflation and a rebound in tourism," LReit said. For its office portfolio, LReit reported a positive rental uplift, with occupancy rate at 86.6 per cent as at March 31. LReit also has freehold interest in Sky Complex, which comprises three Grade A commercial buildings in Milan, Italy. Asset enhancement works at the lobby of Building 3 was completed, with occupancy at 31 per cent as at the end of the quarter, it said.
Straits Times
08-05-2025
- Business
- Straits Times
Shaw Theatres to take over Cathay cinema at Jem shopping mall
Shaw Theatres will take over the cinema space vacated by Cathay Cineplexes at Jem shopping mall. PHOTO: LIANHE ZAOBAO Shaw Theatres to take over Cathay cinema at Jem shopping mall SINGAPORE - Shaw Theatres is set to take over the 47,000 sq ft cinema space previously occupied by Cathay Cineplexes at Jem shopping mall in Jurong East. 'Jem is a fantastic mall and we will be working on a set of offerings that we hope our patrons will find exciting,' a Shaw Theatres spokesperson told The Straits Times, adding that the official opening date has yet to be confirmed. This new cinema will mark Shaw Theatres' eighth outlet in Singapore. It closed its Seletar Mall outlet in December 2024 after the mall's management opted to repurpose the space. In August 2023, its JCube outlet in Jurong East also shuttered when the mall closed. 'We look forward to serving Jurong East and the surrounding districts once again,' the spokesperson added. The move came after Lendlease Global Commercial Real Estate Investment Trust (LReit) – the landlord of Jem – terminated its lease with Cathay Cineplexes and repossessed the cinema space on March 27. Cathay Cineplexes, owned and operated by mainboard-listed mm2 Asia, had fallen behind on rent, and LReit is seeking to recoup about $4.3 million in rental arrears, among other things. In a business update for its third quarter ended March 31, LReit said it is in talks with Cathay Cineplexes to recover the outstanding amount owed and 'will provide an update at an appropriate juncture'. In the same update released after trading hours on May 7, LReit announced its new lease with Shaw Theatres without specifying the lease duration. It also announced the onboarding of new tenants including Chinese tea chain Chagee, Canadian activewear brand Lululemon and Japanese thrift store chain 2nd Street, which opened its doors on April 29 at 313@somerset, another shopping mall under LReit's retail portfolio. For the quarter ended March 31, LReit's retail portfolio achieved a strong occupancy rate of 99.5 per cent, with a positive rental reversion of 10.4 per cent — indicating higher rental rates for its new or renewed leases. However, it saw a slight drop of 0.2 per cent in visitation while tenant sales fell by 5.1 per cent year-to-date. LReit said this is due to a softer retail landscape, increased outbound tourism and weaker performance in categories like shoes and bags, fashion and accessories, and sporting goods and apparel. 'Singapore retail sales remain under pressure as retailers navigate rising costs and e-commerce competition. Nevertheless, the outlook for 2025 remains optimistic, supported by easing inflation and a rebound in tourism,' LReit said. For its office portfolio in Singapore, LReit reported a positive rental uplift, with occupancy rate at 86.6 per cent as at March 31. LReit also has freehold interest in Sky Complex, which comprises three Grade A commercial buildings in Milan, Italy. Asset enhancement works at the lobby of Building 3 was completed, with occupancy at 31 per cent as of the end of the quarter, it said. Join ST's Telegram channel and get the latest breaking news delivered to you.
Yahoo
18-02-2025
- Entertainment
- Yahoo
Lim Tean slapped with fine, 6 weeks' jail for practising law without valid certificate; No Captain America: Cathay Cineplexes release $100 movie vouchers in a bid to save its screens: Singapore live news
Hello to all our readers, Yahoo Singapore will be bringing you live news updates today. Lawyer and opposition politician Lim Tean was slapped with a fine of $1,000 and six weeks' jail for practising law without a valid certificate. He was found guilty of three charges under the Legal Profession Act for acting as an advocate and solicitor without authorisation between 1 Apr, 2021, and 9 June, 2021. Cathay Cineplexes released $100 movie vouchers in an attempt to "Save Our Screens". The vouchers comprises 10 movies with 10 sets of popcorn and bottled water. These would normally cost $223. The vouchers are restricted for certain movies, but are at least available for local, Hong Kong, and Hollywood releases. However, a quick check showed that the only Hollywood film available now is Bridget Jones: Mad About the Boy. The latest Marvel film Captain America: Brave New World isn't on their slate. Cathay Cineplexes previously did not screen Deadpool & Wolverine either. Read more in our live blog below, including the latest local and international news and updates. Cathay Cineplexes has sent out an S.O.S – literally. The cinema chain, which recently had trouble paying rent of more than $2.68 million to various landlords, released $100 movie vouchers in an attempt to "Save Our Screens". The vouchers comprises 10 movies with 10 sets of popcorn and bottled water. These would normally cost $223. View this post on Instagram A post shared by Cathay Cineplexes (@cathaycineplexes) Pre-orders for the vouchers are available now but can only be redeemed from 21 Feb. The vouchers are valid from Mondays to Sundays, including eve of public holidays and public holidays. According to the terms and conditions, the vouchers are only valid till 31 Dec, 2025. The vouchers also cannot be used for 3D movies, film festivals, Tamil or Hindi movies, Ultima and Wave seats, movies screened at the Platinum Movie Suites, movie marathons, and special priced tickets. So, what does that leave the viewers with? A quick check on the Cathay website showed that the only Hollywood film they have is Bridget Jones: Mad About the Boy. The recently released Marvel Studios film Captain America: Brave New World is missing from their slate. However, this isn't the first time as Cathay Cineplexes didn't screen Deadpool & Wolverine either. It's unclear if this trend will continue. If you're more into Asian movies, then Jack Neo's latest Chinese New Year film I Want To Be Boss might be appealing. Otherwise, you can check out the Donnie Yen-led action flick The Prosecutor or Hong Kong drama film The Last Dance. Lawyer and opposition politician Lim Tean was slapped with a fine of $1,000 and six weeks' jail for practising law without a valid certificate. CNA reported that Lim, 60, intends to appeal and his jail term has been deferred to start on 3 March. Senior District Judge Ong Hian Sun said that Lim had not shown any remorse before handing down the sentence. Lim was convicted in July 2024 by Judge Ong after a trial. He was found guilty of three charges under the Legal Profession Act for acting as an advocate and solicitor without authorisation between 1 Apr, 2021, and 9 June, 2021. His practising certificate was only issued on 10 June, 2021. However, in the two months prior, Lim attended court hearings and submitted documents to the court without a valid certificate. He carried on or defended court proceedings for clients on 32 occasions. Lim is the founder of the Peoples Voice party and the secretary-general of the People's Alliance for Reform, a grouping of opposition parties. He lost to the People's Action Party in the Jalan Besar Group Representation Constituency during the 2020 General Election. Cathay Cineplexes has sent out an S.O.S – literally. The cinema chain, which recently had trouble paying rent of more than $2.68 million to various landlords, released $100 movie vouchers in an attempt to "Save Our Screens". The vouchers comprises 10 movies with 10 sets of popcorn and bottled water. These would normally cost $223. View this post on Instagram A post shared by Cathay Cineplexes (@cathaycineplexes) Pre-orders for the vouchers are available now but can only be redeemed from 21 Feb. The vouchers are valid from Mondays to Sundays, including eve of public holidays and public holidays. According to the terms and conditions, the vouchers are only valid till 31 Dec, 2025. The vouchers also cannot be used for 3D movies, film festivals, Tamil or Hindi movies, Ultima and Wave seats, movies screened at the Platinum Movie Suites, movie marathons, and special priced tickets. So, what does that leave the viewers with? A quick check on the Cathay website showed that the only Hollywood film they have is Bridget Jones: Mad About the Boy. The recently released Marvel Studios film Captain America: Brave New World is missing from their slate. However, this isn't the first time as Cathay Cineplexes didn't screen Deadpool & Wolverine either. It's unclear if this trend will continue. If you're more into Asian movies, then Jack Neo's latest Chinese New Year film I Want To Be Boss might be appealing. Otherwise, you can check out the Donnie Yen-led action flick The Prosecutor or Hong Kong drama film The Last Dance. Lawyer and opposition politician Lim Tean was slapped with a fine of $1,000 and six weeks' jail for practising law without a valid certificate. CNA reported that Lim, 60, intends to appeal and his jail term has been deferred to start on 3 March. Senior District Judge Ong Hian Sun said that Lim had not shown any remorse before handing down the sentence. Lim was convicted in July 2024 by Judge Ong after a trial. He was found guilty of three charges under the Legal Profession Act for acting as an advocate and solicitor without authorisation between 1 Apr, 2021, and 9 June, 2021. His practising certificate was only issued on 10 June, 2021. However, in the two months prior, Lim attended court hearings and submitted documents to the court without a valid certificate. He carried on or defended court proceedings for clients on 32 occasions. Lim is the founder of the Peoples Voice party and the secretary-general of the People's Alliance for Reform, a grouping of opposition parties. He lost to the People's Action Party in the Jalan Besar Group Representation Constituency during the 2020 General Election.
