But first,like this description of ST’s owner
The company enjoys a relatively favourable position as the sole newspaper publisher in the city-state, and while it is not government-owned, the content of its publications is heavily influenced by the authorities, effectively making them a semi mandatory read for civil servants and businesses seeking insight into policymaking.
A running dog of the PAP.
Valuers make a good living by doing almost bugger all, so it’s good that SPN is suing their trade union.
SPH-linked Streetsine Singapore* is taking the Singapore Institute of Surveyors and Valuers (SISV) to court for not recognising its technology-based automated valuations as valid, and claims the lack of recognition led to business opportunities being lost.
Streetsine alleged that SISV failed to fully assess the programme’s capability – which offers property valuations at a fraction of the cost and time incurred by manual valuations – before issuing a press release in April saying it did not recognise computer-generated valuations.
It claimed SISV neither conducted nor commissioned any expert evaluation, investigation or audit of the two services at issue or any automated models in general.
*60% owned by SPH
Cynical Investor blogs at Thoughts of a Cynical Investor.