atans1

SPH fights property fat cats

In Media, Property on 23/11/2016 at 6:11 am

But first,like this description of ST’s owner

The company enjoys a relatively favourable position as the sole newspaper publisher in the city-state, and while it is not government-owned, the content of its publications is heavily influenced by the authorities, effectively making them a semi mandatory read for civil servants and businesses seeking insight into policymaking.

http://asia.nikkei.com/Business/Companies/Asia-s-print-media-are-on-the-ropes

A running dog of the PAP.

Valuers make a good living by doing almost bugger all, so it’s good that SPN is suing their trade union.

SPH-linked Streetsine Singapore* is taking the Singapore Institute of Surveyors and Valuers (SISV) to court for not recognising its technology-based automated valuations as valid, and claims the lack of recognition led to business opportunities being lost.

Streetsine alleged that SISV failed to fully assess the programme’s capability – which offers property valuations at a fraction of the cost and time incurred by manual valuations – before issuing a press release in April saying it did not recognise computer-generated valuations.

It claimed SISV neither conducted nor commissioned any expert evaluation, investigation or audit of the two services at issue or any automated models in general.

http://www.straitstimes.com/singapore/suit-over-computer-generated-valuations

*60% owned by SPH

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