Tag: Jurong

  • DBS launches Electricity Marketplace

    DBS launches Electricity Marketplace

    DBS announced the launch of the DBS Electricity Marketplace which will allow all households in Jurong (residents with postal code of 60, 61, 62, 63 and 64) to seamlessly switch to other retailers with the liberalisation of the retail electricity market in Singapore.

    Around 108,000 households in Jurong will stand to benefit in this pilot phase.

    As a start, DBS is working with two electricity retailers – iSwitch and Keppel Electric. During the pilot phase, all households in Jurong can search for various price plans that best suit their electricity needs on the DBS Electricity Marketplace. For DBS/POSB customers, they can apply directly with just a few simple clicks via DBS/POSB digibank and choose their preferred payment options. Once the switch is done, customers can look forward to their selected electricity plans provided by their new electricity retailer, without any service disruption.

    Said Jeremy Soo, DBS Head of Consumer Banking Group (Singapore), “DBS Electricity Marketplace exemplifies how we are reimagining banking, using digital technology and innovation to make life simpler for our customers. Through our partnerships with alternative electricity retailers, we want to enable our customers to enjoy savings on their bills easily. Our insights also indicate that consumers want a fuss-free process to sign up for other electricity retailers, and we have made it easier and convenient for them to make the switch with just a few simple clicks on DBS/POSB digibank.”

    Since 2001, the Energy Market Authority has been liberalising the electricity market in Singapore in phases and the pilot phase for residents in Jurong will start from April 2018. DBS is also working with other electricity retailers which will be made available to consumers at a later date.

  • New NTU lifestyle hub taking shape

    New NTU lifestyle hub taking shape

    Construction of a new lifestyle hub at the Nanyang Technological University (NTU) in Jurong West is now in its final phases.

    When ready, it will feature a supermarket, a salon, banking options, performance spaces and popular eateries, including a well-known Cantonese restaurant.

    The hub, which will span two levels at the northern end of the academic complex, will open in October, two months after the start of the academic year.

    It will occupy the area outside NTU’s Lee Wee Nam Library and is part of the university’s push to become a “mini-city”.

    Associate Professor Kwok Kian Woon, associate provost for student life, noted that more students are living on campus, with many others spending most of their day there.

    Hence, it made sense to refurbish the university’s areas of high pedestrian traffic and to offer more food and retail options.

    The northern part of the Nanyang Technological University complex, also known as the North Spine, was selected as the site for the hub as it is a focal point for most students and staff.

    The lifestyle hub, which will also be open to the public, will have more than two dozen shops, some of which will be open 24/7 and on weekends.

    On one floor, food and beverage outlets and stores line a shopping street, while interaction spaces and study areas will be available on the second level.

    The entire space will have a semi-transparent bubble roof.

    In the past, students had a modest range of food and retail options. Other services were sparsely distributed across NTU.

    Students living in the residential halls sometimes had to visit the nearest mall, Jurong Point Shopping Centre, which is a 15-minute bus ride away, for a wider range of lifestyle services.

    About 12,000 students now live on campus in 20 residential halls. This figure is expected to grow to 15,500 students over the next three years.

    Third-year physics student Tan You Sin, a Malaysian who lives on campus, is looking forward to the lifestyle hub.

    “It will be more convenient for students,” said the 23-year-old. “Hopefully, the prices will be affordable too.”

    The food and retail outlets include Peach Garden Chinese Restaurant, Starbucks and KFC Coffee, which are already open for business.

    Mr Ho Toon Chian, assistant director of sales and marketing for Peach Garden, said the NTU branch, which is one of the brand’s nine outlets, serves as a “catchment area” for the NTU community and residents in the western end of the island.

    “The university is relatively far from most areas and, being located here, we are able to reach customers within the school and vicinity,” he said.

    The Peach Garden Chinese Restaurant at NTU is run by a dozen staff. The prices are lower than at branches in the city, and NTU staff and students enjoy a small discount.

    Mr Ho added that business has been good in the seven months since the outlet’s opening, and its customers include students and staff, their families and residents of nearby estates.

    The hub will also feature a designated space with pushcarts for rental by students who would like to sell various goods or test business ideas, and an area where budding artists can display their talents.

    Third-year sociology student Andrea Tan, who has been living in the residential halls for the past three years, is happy that there will be more places for students to hang out.

    “Students spend most of their time on campus, but the university is quite far from everything else,” said the 22-year-old.

    “It is nice to have more options to choose from for a change, without venturing out of the university,” she added.