Latest news with #Liability
Online Citizen
21-07-2025
- Automotive
- Online Citizen
SMRT links July Bukit Panjang LRT disruptions to faults in newly installed Power Scada system
SINGAPORE: A nearly two-hour disruption to Bukit Panjang LRT (BPLRT) services on 19 July 2025 has been traced to a fault in the newly installed Power Scada system. Transport operator SMRT confirmed in a statement on 20 July 2025 that its initial investigations found the power fault 'shares a similar failure mode' with an earlier three-hour disruption on 3 July 2025. All 13 stations on the BPLRT were affected during both service interruptions. According to Lam Sheau Kai, president of Singapore's SMRT Trains, the repeated faults were linked to the Power Scada system installed under the Land Transport Authority (LTA) Power Renewal Project. This system, still under its Defects Liability Period, is designed to monitor and control power distribution across the LRT line to improve safety and reliability. On 19 July, the power fault occurred at around 2.45pm, causing four trains to stall between stations. Traction power was restored at approximately 4.00pm, with services gradually resuming from 4.15pm onwards. To reinstate traction power safely, the Emergency Trip System (ETS) was temporarily bypassed. However, the fault in the Power Scada system had affected the ETS, which triggered a network-wide traction power trip. The LTA project team is now carrying out a detailed investigation, including a full design review by the original equipment manufacturer (OEM) contractor. Lam said this aims to strengthen network stability and prevent similar faults from occurring. A key priority is ensuring a stable traction power supply as the system continues commissioning. The BPLRT Power Renewal Project is scheduled for completion by end-2026. SMRT stated it will continue to monitor the system closely as renewal works progress. Lam also thanked commuters for their patience and understanding during both incidents. He emphasised that SMRT remains committed to keeping BPLRT services safe and reliable while the renewal project advances. Past faults and upgrades On 1 July, a signalling fault at Orchard station on the Thomson-East Coast Line caused service delays between Napier and Great World stations for two hours. The Bukit Panjang LRT, which spans 8km, has a history of operational issues. The most recent major disruption occurred on 22 October 2024, when service stalled during the evening peak between Bukit Panjang and Choa Chu Kang. Trains did not resume until the next morning. Initial investigations at the time pointed to a fault in one of the train's wheel assemblies. In response, the Land Transport Authority (LTA) and SMRT announced reduced operating hours from Thursdays to Sundays, starting 14 November 2024 through to 31 October 2025, to accommodate renewal works. These efforts include upgrading the BPLRT's signalling system and testing both new and retrofitted light-rail vehicles. Since 2022, LTA has been progressively implementing a new communications-based train control system to enhance train speed regulation. The full system renewal is now slated for completion by end-2026, delayed by two years due to manpower shortages and supply chain issues stemming from the Covid-19 pandemic. In 2024, the LRT network, which includes the Sengkang-Punggol lines, recorded an average daily ridership of 210,000, reflecting a 4 per cent year-on-year increase.
Business Standard
14-07-2025
- Business
- Business Standard
NCC gains on securing Rs 2,269-cr order from MMRDA
NCC added 1.42% to Rs 224.90 after the company announced that it has received a Letter of Acceptance (LoA) worth Rs 2,269 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for work on the Mumbai Metro Line 6 project. The contract for Package 1-CA-232 of the Mumbai Metro Rail Project's Line 6 (Swami Samarth Nagar to VikhroliEEH) encompasses the entire lifecycle of essential systems. This includes the design, manufacture, supply, installation, integration, testing, and commissioning of rolling stock, communication-based signaling & train control, telecommunication systems, platform screen doors, and depot machinery & plant. The execution timeline includes a 24-month construction period, followed by a 2-year Defect Liability Maintenance Period (DLMP), and an additional 5 years of comprehensive maintenance post-DLMP. The firm clarified that the transaction is not a related party transaction, and no promoters, promoter group entities, or group companies have any financial or other interest in the awarding authority. NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, housing projects, roads, bridges, flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, etc. NCC reported a consolidated net profit of Rs 253.82 crore in Q4 FY25, up 6.12% as against Rs 239.16 crore posted in Q4 FY24. However, revenue from operations tumbled 5.45% to Rs 6,130.88 crore in Q4 FY25 as against Rs 6,484.88 crore posted in Q4 FY24.
Yahoo
28-06-2025
- Entertainment
- Yahoo
Gracie Abrams Has Five Words for Lorde's Newest Album
Gracie Abrams Has Five Words for Lorde's Newest Album originally appeared on Parade. Lorde's long-awaited return to music is finally here. On Friday, the Grammy-winning artist released "Virgin," her fourth studio album and her first release since 2021. Though it was just released at midnight, fans and critics have already been praising her for its bold sound and raw lyrics. With the album just being a little over 35 minutes, the project marks her return to a more electronic and emotionally raw sound, as well as explores the themes of femininity, identity and rebirth. The New Zealand singer co-produced the album with Jim-E Stack. Other collaborators and producers, such as Dev Hynes, Dan Nigro, Fabiana Palladino, Andrew Aged and Buddy Ross, are also featured in the production and writing credits. Among the many fans taking notice is fellow singer-songwriter Gracie Abrams, who had just five words to sum up her reaction to "Virgin." Three hours after the album was released on streaming, the "That's So True" singer reposted it on her Instagram story, with the caption "This is a huge deal." Two hours later, she posted on her Instagram story again a zoomed-up selfie of her and a caption that read "AOTY," which refers to the Grammy's Album of the Year award. Lorde has long been one of Gracie Abrams' biggest inspirations and friends. During the New Zealand stop of her "The Secret of Us Tour" this past April, the 25-year-old paid tribute by performing a heartfelt cover of 'Liability,' a fan-favorite track from Lorde's acclaimed 2017 album "Melodrama." She also told Billboard in a TikTok that Lorde was "one of her favorite people to lean on." Fans can now stream Lorde's "Virgin," which is out now on all streaming platforms. Gracie Abrams Has Five Words for Lorde's Newest Album first appeared on Parade on Jun 27, 2025 This story was originally reported by Parade on Jun 27, 2025, where it first appeared.
Business Insider
24-06-2025
- Business
- Business Insider
'Self-taught' real estate investors say 3 books helped them go from owning 0 rental units to more than 100
Letizia Alto and Kenji Asakura started buying rental properties in 2015 to free themselves from 80-hour workweeks. The physician couple, who met while working at the same hospital, were essentially starting from scratch. Asakura had dipped his toe into real estate investing in the early 2000s — he was mostly buying and reselling land — and lost money during the 2008 housing market crash, while Alto had never owned property. Their first investments were two duplexes, which they purchased with money they'd earmarked to buy a primary residence. They wouldn't buy a primary home until 2022, but in the interim, they continued expanding their rental portfolio. As of 2025, they own more than 100 units. The rental income has allowed them to step back from the hospital, spend more time with each other and their kids, and build their online community, Semi-Retired MD. "We were self-taught," Asakura told Business Insider. Alto added, "We were reading all the time." The couple, who live in Puerto Rico for about half of the year and spend the other half traveling, shared the three books that helped them scale their real estate business. " Rich Dad Poor Dad" by Robert Kiyosaki The couple read Robert Kiyosaki's personal finance classic, which is particularly popular within the real estate investor community, before buying their first property together. They were on their honeymoon, traveling in a camper van through New Zealand. Without electricity, they passed the nights reading "Rich Dad Poor Dad," and some of the author's core themes resonated. "It was really powerful. We were like: 'Oh, my gosh, this is it: We're employees, we trade our time for money, we're never going to be able to be in Italy for three months at a time because we're always going to have to be working,'" said Alto, whose dream was to spend more time traveling. "The only way it works is if we have another source of income, outside medicine, that can replace part of our salaries so that we can have the freedom to take time off." Shortly after returning from New Zealand, with Kiyosaki's lessons on their mind, they bought their first two duplexes. " How to Use Limited Liability Companies and Limited Partnerships" by Garrett Sutton Books like Garrett Sutton's about LLCs have helped them expand their business knowledge, which has been key to their success. "I think a big differentiator is that we apply a lot of business principles to our rental business," said Asakura. "A lot of people don't think about rental properties as a business — they think about it as providing housing — but ultimately, each property is a mini-business." " The Millionaire Real Estate Investor" by Gary Keller Gary Keller's book explores real estate investing strategies and practical, actionable advice. The couple said they built their cash-on-cash calculator, which helps them ensure a property will generate positive cash flow before closing, based on the one provided in Keller's book. It also gave them the confidence that they could succeed in the real estate investing world. The author incorporates interviews with more than 100 millionaire real estate investors with all sorts of backgrounds. "We could see that people just like us could do it," said Alto, adding that confidence is just as important as executing your investment strategy. "If you don't believe it's possible, then you're always going to look for the reasons it's not going to work, and you're going to be stuck in analysis paralysis for the rest of your life."
Yahoo
17-06-2025
- Business
- Yahoo
Corporate Insight Launches Commercial Insurance Monitor: Comprehensive Analysis of Digital Experience in Commercial P&C Insurance
New Research Service Provides In-Depth Coverage of Digital Capabilities Across Four Key Commercial Insurance Lines from 17 Leading Insurance Carriers NEW YORK, June 17, 2025 /PRNewswire/ -- Corporate Insight (CI), the leading provider of competitive intelligence and customer experience research to the financial services industry, today announced the launch of Commercial Insurance Monitor, a comprehensive new research service that tracks the digital experience in commercial property and casualty insurance from both prospect and customer perspectives. "Commercial Insurance Monitor addresses the growing need for competitive intelligence in the rapidly evolving commercial insurance space," says Justin Suter, insurance research manager at CI. "Small business owners increasingly expect streamlined online experiences for their insurance needs. This new research builds on our longstanding personal lines P&C coverage to help insurers create best-in-class digital platforms that attract and retain business owners." The research service tracks four main lines of commercial insurance policy types: Business Owners Policy (BOP) Workers Compensation Commercial Liability Commercial Auto Commercial Insurance Monitor provides comprehensive analysis through multiple research components designed for ongoing competitive intelligence. Leveraging authenticated experiences, the service includes quarterly reports that track industry trends and digital capability developments in commercial insurance; quarterly capabilities matrices that detail the full range of offerings from covered firms; and direct access to CI's industry expert analysts for consultation and insights into the authenticated site experience. The first report from Commercial Insurance Monitor will provide subscribers with a full analysis of the current competitive landscape. Further reports will examine generating a certificate of insurance (COI), billing and payment capabilities, risk mitigation resources and online quoting journeys. "Small business owners are increasingly sophisticated in their digital expectations, influenced by their experiences in personal lines and other industries," adds Suter. "Additionally, boomers retiring and passing on their businesses to younger generations creates a sudden shift in digital expectations in commercial insurance. Insurers that fail to meet these evolving expectations risk losing market share to more digitally advanced competitors. For that reason, in this research we're tracking both incumbent and insurtech firms for a full view of the digital landscape." The research covers 17 leading commercial P&C insurance providers: American European Insurance AmTrust COUNTRY Financial FLIP The Hartford Hanover Kingstone Insurance Liberty Mutual Next Insurance Progressive Simply Business State Farm Thimble Travelers Utica First USLI 360 Coverage Pros Commercial Insurance Monitor represents CI's continued expansion into specialized insurance market research, building on over 30 years of expertise in analyzing authenticated customer experiences across financial services, insurance and healthcare. Interested parties can request a research demo from CI's commercial insurance research team. About Corporate Insight Corporate Insight (CI) delivers competitive intelligence, user experience research and consulting services to the nation's leading financial services, insurance and healthcare organizations. As the recognized industry leader in customer experience research for over 30 years, our best-in-class research platform and unique approach of analyzing the actual customer experience helps organizations advance their competitive position in the marketplace. For inquiries or to interview an analyst, contact: Patrick Flood 646-876-7535 pflood@ View original content to download multimedia: SOURCE Corporate Insight Sign in to access your portfolio
