Extent of delay to MBS, RWS expansion not yet clear: Alvin Tan
The Straits Times|January 11, 2022
Evolving pandemic has hit construction timelines, but IRs remain committed to $9b plans
Adeline Tan

The extent to which the expansion of Singapore’s integrated resorts (IRs) will be delayed remains unclear as the Covid-19 situation is still evolving, said Minister of State for Trade and Industry Alvin Tan.

Giving an update on the IRs in Parliament yesterday, Mr Tan noted that Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) had indicated that there will be potential delays in the completion of their expansion plans due to the pandemic disrupting the construction industry.

“This is not altogether surprising nor unique to this project or this industry. Covid-19 has affected construction timelines, both locally and globally,” he said, adding that the IRs remain committed to their expansion plans.

Mr Tan was responding to Mr Gan Thiam Poh (Ang Mo Kio GRC) and Workers’ Party MP Louis Chua (Sengkang GRC) on the expected completion of the expansion during the debate on the Gambling Duties Bill, which the House passed.

The IRs had announced their $9 billion expansion plans in 2019.

The plans include adding a fourth tower to the iconic MBS development and a 15,000-seat entertainment area. RWS will have a new oceanarium, and to Universal Studios Singapore, it will add two new zones – Minion Park and Super Nintendo World.

Las Vegas Sands, which owns MBS, had expressed uncertainty last year about whether it could meet its current 2025 deadline.

Continue reading your story on the app

Continue reading your story in the newspaper

MORE STORIES FROM THE STRAITS TIMESView All

Cannes Film Festival rolls out red carpet for 75th anniversary

The world's biggest film festival runs from Tuesday to May 28, back to its traditional calendar following two years of pandemic disruptions.

2 mins read
The Straits Times
May 19, 2022

Wong Kah Chun named chief conductor of Japan orchestra

Singaporean conductor Wong Kah Chun (right) has been appointed chief conductor of the Japan Philharmonic Orchestra.

1 min read
The Straits Times
May 19, 2022

Thai sensation Puripol completes hat-trick

Teen speed demon Puripol Boonson capped his maiden SEA Games with a sprint hat-trick yesterday to etch his name in history alongside Thai greats from decades past.

1 min read
The Straits Times
May 19, 2022

PEREIRA PROUD OF BREAKING BARRIERS

S'pore sprinter says winning 200m gold and 100m silver in Hanoi is a 'huge achievement'

2 mins read
The Straits Times
May 19, 2022

'Tough questions' needed about NS and expectations

Swimmer Joseph Schooling yesterday called for a "national dialogue" on national service (NS), highlighting the need to manage the expectations of athletes who are undergoing NS.

2 mins read
The Straits Times
May 19, 2022

Singapore records highest May temperature; warmer days ahead

Daily maximum temperatures likely to hover between 34 and 35 deg C

2 mins read
The Straits Times
May 19, 2022

No country immune to terrorism as it evolves, not even Singapore: Faishal

Terror groups such as the Islamic State in Iraq and Syria and AlQaeda have been hit hard in recent years with leadership losses and setbacks, but they have proven resilient and adaptable.

1 min read
The Straits Times
May 19, 2022

Biden's China strategy cannot work with weapons alone

An effective policy in the Indo-Pacific would balance Beijing's influence by raising US trade and investment

3 mins read
The Straits Times
May 19, 2022

500.000 flee floods, landslides in India, 11 dead

Torrential rains lashed most of the rugged state, and the downpour continued yesterday, with more forecast over the next two days.

1 min read
The Straits Times
May 19, 2022

Modi's Nepal visit a push for India's neighbourhood diplomacy: Analysts

Outreach in region also seen as bid to counter Beijing's growing influence

3 mins read
The Straits Times
May 19, 2022
RELATED STORIES

What to Save and What to Shred

You’ll need supporting documents in case you’re audited, but you don’t need to save them forever.

9 mins read
Kiplinger's Personal Finance
April 2022

IRS TO END USE OF FACIAL RECOGNITION TO IDENTIFY TAXPAYERS

The IRS said it will suspend the use of facial recognition technology to authenticate people who create online accounts after the practice was criticized by privacy advocates and lawmakers.

1 min read
AppleMagazine
February 11, 2022

TRADED CRYPTO IN 2021? HERE'S HOW TO APPROACH TAXES

Professionals have a major piece of advice for those who traded cryptocurrency for the first time last year: Take your tax prep seriously.

3 mins read
AppleMagazine
January 28, 2022

HOW TO CUT YOUR 2021 TAX BILL

Our guide will help you claim a higher refund or reduce the amount you owe.

10+ mins read
Kiplinger's Personal Finance
March 2022

CON ARTISTS TARGET PEOPLE WHO OWE THE IRS MONEY

SCAMWATCH

2 mins read
Kiplinger's Personal Finance
March 2022

Got a Tax Question? Don't Call the IRS

Customer service has cratered at the short-staffed, underfunded agency

5 mins read
Bloomberg Businessweek
January 10, 2022

3 Times You Need Money Advice from a Human

You can now manage most aspects of your money without ever consulting another human being. You can budget, borrow, save, invest, buy insurance, prepare your tax return and create a will — among many other tasks — by using apps, websites and software.

4 mins read
AppleMagazine
November 26, 2021

Lower Taxes on Your RMDs

When you turn 72, you’ll have to start taking minimum distributions from your IRA and 401(k). These strategies will help trim Uncle Sam’s take.

9 mins read
Kiplinger's Personal Finance
January 2022

A Guide to 401(k) Plans

Consider these strategies to get the most out of your savings.

3 mins read
Kiplinger's Personal Finance
January 2022

Ratcheting Up Risk

You can invest your retirement savings in everything from cryptocurrency to penny stocks. But that doesn’t mean you should.

10+ mins read
Kiplinger's Personal Finance
November 2021