The Big Story: The Cathay, one of Singapore’s oldest cinemas, will close from June 26
Watch the latest video reports on The Big Story, the Straits Times’ weekday online news program.
The Cathay, one of Singapore’s oldest cinemas, will cease operations from June 26.
In a statement from media company mm2 Asia, which runs the Cathay Cineplexes chain in Singapore, the closure of the iconic Handy Road cinema near Dhoby Ghaut MRT station is “part of the process of streamlining the costs of its operations cinematographic”.
Film correspondent John Lui tells more about the significance of this shutdown.
Separately, buyers of Housing Board (HDB) replacement flats under the Selective Block Redevelopment (Sers) scheme will now only be able to sell their homes for five years from the date the keys are handed over.
Previously, they could sell either seven years from the date of selection of the apartment or five years from the date of collection.
The new criteria will start with the four blocks of the Ang Mo Kio Sers site.
Housing correspondent Michelle Ng discusses the changes, as well as what HDB aims to address by presenting them.
In other local news, job vacancies hit a new high as the labor market continues to tighten.
The number of job vacancies rose to 128,100 in March from 117,100 in December. The ratio of vacancies to unemployed also increased to 242 vacancies per 100 unemployed, the highest since 1998.
NTUC Deputy Secretary General Patrick Tay joins the program to discuss the situation.
Separately, several roads near Marina Bay will be closed for hours on Saturday June 18 to facilitate a rehearsal for the upcoming National Day Parade at The Float @ Marina Bay.