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CNA
7 days ago
- Business
- CNA
Deep Dive - Have rising commercial rents reached a tipping point?
Play Amid rising rents and growing competition, some Singapore businesses are closing down or relocating to cheaper premises. A local bakery in Siglap recently announced on social media it was moving out after its rent was increased by 57 per cent. Are commercial rent hikes spiralling out of control, or is this simply market forces at work? Steven Chia and Otelli Edwards speak to Ethan Hsu, head of retail at Knight Frank Singapore, and Terence Yow, managing director of Enviably Me Group of Companies and chairperson of the SG Tenants United for Fairness. Deep Dive - Have rising commercial rents reached a tipping point? Amid rising rents and growing competition, some Singapore businesses are closing down or relocating to cheaper premises. A local bakery in Siglap recently announced on social media it was moving out after its rent was increased by 57 per cent. Are commercial rent hikes spiralling out of control, or is this simply market forces at work? Steven Chia and Otelli Edwards speak to Ethan Hsu, head of retail at Knight Frank Singapore, and Terence Yow, managing director of Enviably Me Group of Companies and chairperson of the SG Tenants United for Fairness. 25 mins Deep Dive - Cabinet reshuffle: No big surprises but key moves to align the ministries under PM Wong's 4G team Prime Minister Lawrence Wong unveiled his Cabinet and one surprise was the lack of a second deputy prime minister. Instead, the new Cabinet includes three coordinating ministers. What does that signal? And will there be more changes to come? Steven Chia speaks to independent political observer Dr Felix Tan and Dr Elvin Ong of the National University of Singapore. 20 mins Deep Dive - GE2025: Are independent candidates a new force to be reckoned with? For the first time in 53 years, an independent candidate received more than 35 per cent of vote share, performing better than some smaller opposition parties. Jeremy Tan, who ran in Mountbatten SMC, and Darryl Lo who contested in Radin Mas SMC, join Steven Chia and Otelli Edwards to talk about lessons learnt from their campaigning and their future after GE2025. 21 mins Deep Dive - GE2025 results: A closer look at the strong PAP mandate and the opposition strategy Voters gave the People's Action Party and Prime Minister Lawrence Wong a clear mandate in GE2025. What accounted for the result and why couldn't the opposition parties make good on gains from the last election? Steven Chia and Otelli Edwards speak to Associate Professor Eugene Tan from the Singapore Management University and Dr Reuben Ng from the Lee Kuan Yew School of Public Policy. 23 mins
Arabian Business
26-05-2025
- Automotive
- Arabian Business
UAE petrol prices to change for June 2025
The UAE is set to announce petrol prices for June 2025 this week. Petrol prices increased fractionally sharply in May, following two months of increases, although prices for motorists filling up on Super 98, Special 95, E-Plus 91 and diesel have remained stable. It is currently significantly cheaper to fill up a tank than year ago, with all categories becoming more affordable, despite prices fluctuating throughout the past 12 months. UAE petrol prices May 2025 In May 2024, E-Plus 91 was priced at AED3.15 a litre, while diesel was set at AED3.07 a litre. On current prices, E-Plus 91 is cheaper (at AED2.39 a litre) than at this time last year. Special 95 and Super 98 are also cheaper now than a year ago, falling from AED3.22 to AED2.47 a litre and AED3.34 to 2.58 a litre respectively. Since May 1, the cost of filling up vehicles in the UAE has been: E-Plus: AED2.39 a litre from AED2.38 in April Special 95: AED2.47 a litre from AED2.46 in April Super 98: AED2.58 a litre from AED2.57 in April Diesel: AED2.52 a litre from AED2.63 in April In response to the COVID-19 pandemic in 2020, the Fuel Price Committee froze petrol prices in the UAE, preventing any changes. However, in March 2021, as global oil prices began to rise, the controls were lifted to allow market forces to determine petrol prices once again. Moreover, the fluctuation in petrol prices is also influenced by changes in crude oil prices worldwide. UAE fuel prices Prices in AED per litre E-Plus 91 Special 95 Super 98 Diesel May 2025 2.39 2.47 2.58 2.52 April 2025 2.38 2.46 2.57 2.63 March 2025 2.54 2.61 2.73 2.77 February 2025 2.55 2.63 2.74 2.82 January 2025 2.43 2.50 2.61 2.68 December 2024 2.43 2.50 2.61 2.68 November 2024 2.55 2.63 2.74 2.67 October 2024 2.47 2.54 2.66 2.60 September 2024 2.71 2.78 2.90 2.78 August 2024 2.86 2.93 3.05 2.95 July 2024 2.80 2.88 2.99 2.89 June 2024 2.95 3.02 3.14 2.88 May 2024 3.15 3.22 3.34 3.07 April 2024 2.96 3.03 3.15 3.09 March 2024 2.85 2.92 3.03 3.16 February 2024 2.69 2.76 2.88 2.99 January 2024 2.64 2.71 2.82 3
