SG: New slip road along PIE complete
A new slip road along the Pan-Island Expressway (PIE) near Clementi North Flyover has been completed, and the motorists will be able to utilise it from the 5th of July from 3.00 am onwards. The new road means that motorists heading towards Bukit Batok East Avenue 3/Toh Tuck Avenue from PIE (Tuas) should take Exit 27 to get to their destinations. Exit 28, which is situated along PIE (Tuas) to Bukit Batok East Avenue 3/Toh Tuck Avenue, will be closed.
Other temporary slip roads, which include the entry from Clementi Avenue 6 to PIE (Tuas) will be closed for good. As such, motorists travelling towards to PIE (Tuas) from Clementi Avenue 6 will have to access the expressway throught can enter to PIE (Tuas) via the Toh Tuck Ave junction.
Directional signs will be on display to guide the motorists.
Pictures used for illustration purposes only.
Marie Sjödin Enström appointed as the new managing director of Scania Southeast Asia
Scania CV AB has appointed the experienced Marie Sjödin Enström as the new Managing Director of Scania Southeast Asia, with effect from July 1st this year. She will be in charge of leading a highly dedicated team that covers Scania’s captive markets of Singapore and Malaysia as well as the non-captive export markets of Myanmar, Philippines, Brunei, Vietnam, Cambodia and Laos.
A Swede, Ms. Enström began her career with Scania in 1984. Her last position was as Managing Director of Scania Assistance at Scania CV AB, Sweden, where she was the global head and was responsible for eight centers in Europe and Latin America.
SG: More purchasing cars close to COE expiry
As COE prices are expected to further fall over the next couple of years, many are purchasing eight to nine year old cars to tide them over until the prices actually fall. In 2014, a standard close to end of life car had an annual depreciation of less than $10,000, which is the price of the car, deducted from the scrap rebate divided by the number of years before the COE expires. With demand being driven up, the purchase prices have gone up with it, and thus, depreciation can now reach upwards of $14,000 yearly.
However, buyers waiting for the drop in COE prices aren’t the only ones driving up demand of said cars; firms such as Uber are also acquiring older machinery to rent out to their drivers. Loan curbs have also driven motorists to purchase older vehicles.
Pictures used for illustration purposes only.