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Police investigating murder in Foxton after house fire

September 28, 2023 by www.stuff.co.nz Leave a Comment

Police have launched a homicide investigation following a house fire in Horowhenua.

A person died after a house fire on Reeve St in Foxton early on Wednesday morning and now Central District crime manager, Detective Inspector Craig Sheridan, said a homicide investigation had been launched.

Sheridan said the body of a man was found in the house and police determined his death was suspicious.

Police were working hard to establish exactly what happened and who was responsible, Sheridan said.

Police would like to hear from anyone who saw suspicious activity in the Reeve St area early on Wednesday morning, or who has information that could assist the investigation.

Call police on 105 or make a report online at police.govt.nz/use-105 and reference file number 230927/1551.

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National monuments of Singapore: Lian Shan Shuang Lin Monastery

September 29, 2023 by www.asiaone.com Leave a Comment

What is a National Monument? Who gazettes them? How many national monuments are there in Singapore? To date, the Preservation of Sites and Monuments, a division of National Heritage Board, has identified and gazetted 75 buildings, structures and sites of national significance as an integral part of Singapore’s built heritage.

You’ve probably passed by or stepped into more than a few of them without realising they were National Monuments: Al-Abrar Mosque, Asian Civilisations Museum (ACM), the Civilian War Memorial, Saint Andrew’s Cathedral, the Esplanade Park Memorials, Fort Siloso on Sentosa — no need to plan an itinerary for friends visiting from overseas; just show them this article.

In this edition, we throw the spotlight on the oldest Buddhist monastery on our Little Red Dot, Lian Shan Shuang Lin Monastery.

Location

The monastery was the 19th building to be gazetted as a National Monument, and is located near SAFRA Toa Payoh. The quickest way to get there is taking bus 230, 235, 238 from Toa Payoh Interchange (located right above Toa Payoh MRT).

Significant dates

Dates built:

  • 1902: Construction began
  • 1903: The first structure completed was the rear hall, which became known as Dharma Hall
  • 1904: The main hall (Mahavira Hall) was built
  • 1905: The entrance hall (Hall of Celestial Kings) was finished
  • 1907: Construction of the monastery concluded with the addition of the Drum Tower and Bell Tower

Dates unveiled:

  • 1918-1919: First round of major restoration works
  • 1950-1954: Second round of major restoration works
  • 1991-2001: Final restoration done

Date gazetted: Oct 14, 1980

History

Lian Shan Shuang Lin Monastery owes its establishment to Low Kim Pong, a prosperous merchant hailing from Fujian Province, China, who amassed wealth in Singapore through his herbal and private banking ventures.

In 1898, Low experienced a vivid dream in which a radiant golden light emanated from the western sea. Astonishingly, he discovered that his son had a strikingly similar dream that same night. Interpreting this as a divine sign, Low and his son spent the following day waiting by the waterfront.

Shortly before sunset, a boat approached the shore carrying 12 Buddhist monks and nuns. These monastics were returning to China after embarking on a six-year pilgrimage to India, Ceylon (now Sri Lanka), and Burma (now Myanmar). Low perceived this event as a realisation of his dream.

Filled with inspiration, he implored the clergy to remain in Singapore and even pledged to construct a Buddhist monastery for their residence.

Low generously donated 12 acres of his land in Toa Payoh to Venerable Xian Hui, one of the monks from the arriving vessel, and extended an invitation for him to become the monastery’s inaugural abbot.

Low contributed significantly to the construction expenses, but he also welcomed donations from the general public to support the endeavour. Once the authorities sanctioned the building plans, construction promptly commenced in 1902.

Dharma Hall

The original Dharma Hall, constructed in 1903, was the first building to be completed. Located at the rear of the monastery complex, its primary function was to provide a space for disseminating Buddhist teachings.

However, due to the deterioration of the timber structure and structural instability, the hall underwent reconstruction in the 1970s. This renovation was necessary to address the issues caused by wood rot, and ensure the safety and longevity of the building.

Mahavira Hall

The Mahavira Hall, or Da Xiong Bao Dian was built in 1904 and is the main prayer hall of Lian Shan Shuang Lin Monastery. It houses statues of the buddhas Amitabha, Bhaisajyaguru and Sakyamuni, with the latter flanked by his disciples Ananda and Mahakasyapa on the left and right respectively. At the back of the hall is the statute of the Avalokitesvara bodhisattva, better known as Guanyin.

Hall of Celestial Kings

A year later, the entrance hall was constructed. The entrance hall is named Hall of Celestial Kings, or Tian Wang Dian for its four imposing statues of the Celestial Kings, namely Dhrtarastra, who carries a pipa, Chinese lute); Virulhaka, who wields a sword; Virupakkha, who has a serpentine creature in his right hand; and Vaisravana, who holds an umbrella.

These statues flank the well known Maitreya (commonly known as the “Laughing Buddha”). The courtyard behind the entrance hall is flanked by the Gu Lou (Drum Tower) on the left and Zhong Lou (Bell Tower) on the right.

Special Mid-Autumn Festival guided tour

In celebration of the Mid-Autumn Festival this year, the monastery has organised a paid guided tour in collaboration with NHB:

  • Dates available: Sept 29, Sept 30, Oct 1
  • Time: 5.30pm to 6.30pm
  • Tickets: $5 (special concession rates of $3 for students and senior citizens)
  • Stay after the tour ends to enjoy the festivities

Design and architecture

Although the architect of the temple is unknown, the temple is modelled after Xi Chan Monastery in Fuzhou, China. Both Lian Shan Shuang Lin Monastery and Xi Chan Monastery are examples of temples built in the style of cong lin (literally “layers of forest”), where a standardised layout of the buildings within the premises of the temple is adopted, and the monks lead an ordered way of life practising Buddhist scriptures and following a strict daily routine.

Within Lian Shan Shung Lin Monastery itself, ritual instruments in the Drum Tower and Bell Tower announce the daily routine. The complex also comprises three main halls separated by two courtyards, and arranged along a central north-south axis, with the main entrance facing south, according to the Chinese principles of feng shui.

The monastery showcases traditional Hokkien architecture with the usual upturned “swallow-tail” end sweeps on either side of the roof ridges. Its extravagant roof decorations employ a special technique called jian nian or “cut and paste”, creating intricate mosaics from colourful ceramics. This craftwork is reminiscent of that found on other Chinese temples in Singapore, such as Thian Hock Keng, Hong San See, Tan Si Chong Su, and Yueh Hai Ching Temple.

Upon closer examination, you can discern three distinct Hokkien architectural styles integrated into the monastery’s design, originating from Fuzhou, Quanzhou, and Zhangzhou in Fujian Province. These styles are evident in the monastery’s roofscape.

Typically, Fuzhou style features sharply curved corners on the roof while Quanzhou style showcases larger and sturdier roofs with gentle curves. However, both styles are evident in the double-tier roof of the Mahavira Hall — the upper tier is Fuzhou style, whereas the lower tier is Quanzhou style.

The roofs of Tian Wang Dian exhibit the Zhangzhou style — very similar to the Quanzhou design — and consist of steeper roof slopes, as well as a more extravagant roof truss system.

This blend of architectural styles reflects the support the monastery has received over the years from members of the Chinese communities hailing from these areas in Fujian Province. Numerous intricate carvings adorn the entire monastery, adding to its cultural richness.

Opening hours

Regular visiting hours are from 8am to 5pm daily.

Admission

Entry is free.

ALSO READ: National monuments of Singapore: Former Nagore Dargah

This article was first published in Wonderwall.sg .

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Fed’s Barkin: Fed policy has helped lower housing market demand

September 29, 2023 by economictimes.indiatimes.com Leave a Comment

Synopsis

Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday Fed rate rises have slowed the housing sector.

Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday Fed rate rises have slowed the housing sector.

When it comes to Fed policy actions, “I do believe that’s lowered demand,” the official said in remarks given before the Money Marketeers of New York University. But he added a shift to work from home arrangements was helping to underpin the housing market , even as mortgage rates have moved much higher.

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Housing sales up 36 pc in Jul-Sep in top 7 cities to record 1,20,280 units: Anarock

September 28, 2023 by economictimes.indiatimes.com Leave a Comment

Synopsis

Housing sales in seven major cities in India increased by 36% year-on-year to a record 120,280 units in the July-September period, according to real estate consultant Anarock. Average housing prices in these cities grew by 11% annually, with Hyderabad experiencing the highest rise of 18%. Mumbai and Pune accounted for 51% of total sales, and Anarock attributed the strong sales momentum to stable mortgage rates resulting from the Reserve Bank of India’s decision to maintain the repo rate.

New Delhi: Housing sales rose 36 per cent year-on-year to a record 1,20,280 units across seven major cities during the July-September period on robust demand amid stable mortgage rate , according to Anarock . Housing sales stood at 88,230 units in the year-ago period across the seven major cities.

Releasing the data, real estate consultant Anarock said average housing prices across the seven cities grew 11 per cent annually in the July-September period this year. Hyderabad saw the highest rise of 18 per cent.

Anarock highlighted that quarterly sales in July-September touched an all-time high.

In housing data, sales of apartments, villas and independent floors are included while plots are excluded.

Anarock Chairman Anuj Puri highlighted that Mumbai Metropolitan Region (MMR) and Pune contributed 51 per cent of the total sales.

Puri noted that the continued healthy sales momentum is at least partially attributable to the repo rate pause maintained by the Reserve Bank of India in the two recent monetary policies.

“This has kept home loan interest rates stable, keeping housing purchase sentiment high,” he added.

According to the data, housing sales in Delhi-NCR rose 6 per cent to 15,865 units during July-September 2023 from 14,970 units in the year-ago period.

In MMR, housing sales increased 46 per cent to 38,500 units from 26,400 units during the period under review.

Housing sales in Bengaluru went up 29 per cent to 16,395 units during July-September this year from 12,690 units in the corresponding period of last year.

In Pune, sales grew maximum by 63 per cent to 22,885 units from 14,080 units.

Sales of residential properties in Hyderabad increased 41 per cent to 16,375 units from 11,650 units.

In Chennai, housing sales rose 42 per cent to 4,940 units from 3,490 units.

Housing sales in Kolkata went up 7 per cent to 5,320 units during July-September from 4,950 units in the year-ago period.

“The ever-rising aspiration of owning a home mainly driven by rising income levels has meant a strong demand for housing over the last couple of years. The trend is expected to continue in the foreseeable future,” Gurugram-based realty firm Krisumi Corporation Managing Director Mohit Jain said.

The demand for luxury housing too is likely to remain strong amid the desire for upscale living experiences, he said.

“Keeping pace with the demand for luxury homes, the supply is also expected to remain strong,” Jain said.

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Efforts on to make NPS available at all bank branches, post offices: PFRDA Chairman

September 28, 2023 by economictimes.indiatimes.com Leave a Comment

Synopsis

The Pension Fund Regulatory and Development Authority (PFRDA) in India is working on expanding the availability of the National Pension System (NPS) to all bank branches and post offices. Chairman Deepak Mohanty stated that efforts are being made to increase the penetration of pension schemes by making NPS products easily accessible to the public, including those in villages and small towns.

Regulator PFRDA is working on ways to make the social security scheme National Pension System (NPS) available at all bank branches and post offices, according to its Chairman Deepak Mohanty. The efforts are to increase the penetration of pension schemes by making the NPS products easily available to the public.

In an interview to PTI Bhasha, Mohanty said the PFRDA has roped in Regional Rural Banks (RRBs) and banking correspondents for the distribution of the NPS so that people even in villages and small towns will be able to easily avail the benefits of the scheme.

“We are trying to make the NPS easily available to the people through all bank branches and post offices. We have also discussed this matter at the top management levels but ultimately it is up to the banks to take a decision on this matter,” the PFRDA (Pension Fund Regulatory and Development Authority) Chairman said.

Currently, NPS is available in many bank branches.

He also said the aim is to add a total of 13 lakh NPS subscribers from the private sector at corporate and individual levels

In the last fiscal, the addition was 10 lakh subscribers.

According to official data, the total number of subscribers of the NPS as of September 16, 2023 stood at 1.36 crore, excluding those who have subscribed for NPS Lite. The number of customers under Atal Pension Yojana is 5 crore.

On why pension amount is not fixed under the NPS, Mohanty said, “It is not practical to fix pension for a long time. In some developed countries where the pension fund is 100 per cent or more of the GDP, there is also a problem regarding this”.

However, he said it is certain that the returns from the NPS are very good and people can expect a good corpus in the long run.

In India, all types of pension-related assets, including pension products of EPFO and life insurance, together constitute 16.5 per cent of the GDP. The funds in the NPS and Atal Pension Yojana account for 3.6 per cent of the GDP.

As per the PFRDA, investment in equity under pension schemes has given a return of 12.84 per cent since its inception.

In the case of government employees, returns from the NPS are up to 9.4 per cent.

Mohanty said the commission for selling the NPS is less and that may not be attractive for agents. “But our aim is to keep it a low-cost product so that customers benefit,” he added.

Further, he said the assets under management under the NPS and APY are estimated to reach at least Rs 12 lakh crore in this financial year. Currently, it is at Rs 10.22 lakh crore and APY’s share in the total funds under management is around Rs 35,000 crore.

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