How Urban Renewal Act proposals contravene Federal Constitution
Our concerns regarding the proposed URA are well founded and highlight critical legal and constitutional issues.
Our concerns regarding the proposed URA are well founded and highlight critical legal and constitutional issues.
A congestion charge is a fee imposed on vehicles entering certain busy areas, usually city centres, to reduce traffic congestion and encourage public transport use.
“Under the proposed Act, the government has no right to relocate any owners.
According to the draft, the consent threshold for participation is as follows: 80% for buildings of 30 years, 75% for buildings more than 30 years, and 51% for abandoned buildings.
Seri Maimunah Mohd Sharif’s mandate stretches far beyond ensuring the cleanliness and provision of smooth mobility and connectivity in the city.
Maybank Investment Bank (Maybank IB) highlighted in a report that nearly 60% of Singaporean businesses operating in Johor face difficulties hiring skilled technical workers, citing a poll from the Singapore Business Federation in 2024.
The cautious stance comes as the central bank on Wednesday decided during its first monetary policy meeting of the year to hold the benchmark rate steady at 3%, a move unanimously expected by the market.
“At the current OPR level, the monetary policy stance remains supportive of the economy, and is consistent with the current assessment of inflation and growth prospects,” BNM said.
The URA is envisioned to bring about a wave of urban redevelopment by lowering the bar in buying over strata titles.
The proposed RON95 petrol subsidy rationalisation — set to be implemented by mid-2025 as announced in Budget 2025 — could drive inflation higher, potentially prompting policymakers to act 'sooner than later', BMI said in a commentary note on Friday.