Singapore Airport is set to get a brand new terminal as it looks to the future of travel
Singapore will restart planning work on Changi Airport Terminal 5 after a two-year pause.
It is hoped the new terminal will build up the country’s future capacity as the aviation industry recovers faster than expected from COVID.
Government officials say construction should start in about two to three years.
Known as the the “Changi East Project” – T5 is expected to be operational around the mid-2030s.
Terminal 5 is a project undertaken by Changi Airport Group, the Civil Aviation Authority of Singapore, and the Ministry of Transport.
The project was paused in May 2020 to review its design as the pandemic decimated the aviation industry.
The airpot says that the new T5 will be linked to the other terminals at Changi Airport, allowing the expanded Changi Airport to be operated as a single, integrated airport for ease of transfer between different terminals with airfield operational efficiency.
New facilities, such as navigation aids, airfield lighting systems and a fire station will also be constructed.
The number of passengers transiting through Changi Airport crossed 40 per cent of pre-pandemic levels last month.
The Government is hopeful it will hit a target of 50 per cent by year-end.
Xi Jinping is taking over China’s sharemarket
China’s economy sees President Xi Jinping asserting control over its sharemarket, a move raising eyebrows globally.
Xi’s government has unveiled a series of measures aimed at consolidating authority over the country’s stock market, signalling a desire for greater economic stability and control.
The reforms include stricter regulations for listing on Chinese stock exchanges, with companies needing to meet more stringent criteria to go public.
Additionally, the government is increasing its oversight of foreign listings by Chinese firms, a move seen as an attempt to prevent capital flight.
Investors worry as Tesla misses targets
Tesla reported lower-than-expected quarterly deliveries, sending its shares into a downward spiral.
The EV giant’s stock tumbled as investors expressed concerns over the company’s ability to meet its ambitious growth targets.
In the third quarter of this year, Tesla delivered a total of 220,500 vehicles, missing Wall Street’s estimates.
This disappointing performance raised doubts about the company’s ability to keep up with the soaring demand for its EVs, especially as competitors continue to enter the market. #featured
Is the housing market surge a bubble waiting to burst?
The housing market has witnessed a remarkable surge in home sales, driving property prices to unprecedented highs.
Despite the ongoing economic challenges, the real estate sector appears to be thriving, leaving experts and homeowners both astonished and hopeful.
Over the past year, the real estate landscape has been anything but predictable.
But the surge in demand has been met with a limited supply of available homes.
Builders have struggled to keep pace with the soaring demand, making the situation worse. #featured
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