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Utilities

K-Green Trust appoints Lionel Chua as CFO

39 reads

He will replace Kang Leng Hui, who resigned as part of the Keppel Group's key finance talent management scheme. Read ››

Sembcorp Industries to develop one of world's largest special economic zones

98 reads

Through JV with Oman Oil Company. Sembcorp Industries (Sembcorp) has announced that its newly-incorporated wholly-owned subsidiary, Sembcorp Utilities (Oman), has signed a joint venture agreement with Takamul Investment Company (Takamul), a subsidiary of Oman Oil Company, to develop centralised utilities facilities for the Duqm Special Economic Zone (SEZ), a new major industrial and commercial hub that is set to be one of the world’s largest special economic zones. Read ››

Sembcorp utilities Singapore earnings plunged 19%

97 reads

No thanks to maintenance shutdown. According to DBS, for Utilities, S’pore earnings fell 19% y-o-y due to lower volumes sold as a result of maintenance shutdown and lower gas sales.  Nevertheless, net margins of 5.1% beat our 4.7% forecast. Read ››

Sembcorp Industries profit contribution shifts from Singapore to China, Middle East

187 reads

Overseas contributing more to bottom line. In its latest financial results, Sembcorp Industries (Sembcorp) reported a net profit of S$176.9 million and turnover of S$2.4 billion in the first quarter of 2013 (1Q2013), comparable to 1Q2012’s net profit of S$176.7 million and turnover of S$2.4 billion. Read ››

Sound Global's net profit fell 25% to Rmb61.5m

108 reads

Blame it on skyrocketing finance costs. According to DBS, a net profit of Rmb61.5m (-20% y-o-y, -25% q-o-q) was 10% below forecast despite higher sales. Read ››

Developers required to build better flood systems

272 reads

0.2-hectare and larger projects need to comply. In a release, the government's water agency, PUB, said that revisions have been made to the Code of Practice on Surface Water Drainage as part of its holistic stormwater management strategy for Singapore. Read ››

Hyflux poised for expansion in China

273 reads

After its subsidiary grabbed two big-time deals. According to OCBC Investment Research, Hyflux recently announced that its subsidiary – Hyflux Investment Consultancy and Management Service (Tianjin) Co – has signed two memoranda of understanding (MOUs) with the prefectural governments of Chuxiong and Qujing in Yunnan province to develop water and environmental projects in these two cities.  Here's more: Read ››

United Envirotech inks S$40m deal in China

187 reads

Here's how it will finance its investment projects. According to OCBC Investment Research, United Envirotech Ltd has recently inked an agreement worth RMB200m (S$40m) with the local government of Siyang County, Jiangsu Province, China for TOT (Transfer-Operate-Transfer) and BOT (Built-Operate-Transfer) projects in an industrial park for the textile industry.  Here's more: Read ››

Asia Power promotes Wang Daxi as executive director

253 reads

His appointment coincides with the resignation of Tian Aimin as executive director and CEO. Read ››

Sound Global set for a comeback after depressing 4Q12 results

294 reads

10% earnings growth has been penciled in. According to DBS, earnings-wise, Sound Global Limited's 4Q12 was indeed disappointing due to higher borrowing costs.  Read ››

United Envirotech to invest S$40m in Chinese TOT/BOT projects

151 reads

Expansion agreement cemented with Jiangsu government. Here's more from DBS Vickers Singapore: Read ››

Sound Global appoints Zhang Jingzhi as executive director and CEO

178 reads

He is tasked to spearhead the group to its goal of becoming a leading integrated solutions in the industry. Read ››

Gerald Maximillian Yu resigns as CFO of Sound Global

147 reads

He will pursue other career opportunities. The Board of Sound Global announced the resignation of Gerald Maximillian Yu Man To as Chief Financial Officer. Read ››

Koh Brothers awarded S$99.8m Bukit Timah canal improvement contract

257 reads

Project is second phase of canal's expansion. Read ››

Sound Global won bid for water supply facility project

194 reads

Transaction amounted to RMB95.02m. In a release, Sound Global announced that it has  won the bid for the Water Supply Facility Project in Nanshan Sub-District, Quangang District, Quanzhou City, Fujian Province, the PRC.  Read ››

SIIC Environment Holdings names Wu Bin as Assistant to CEO

193 reads

He will also be Assistant to General Manager in the company's Solid Waste Division. Read ››

Sembcorp now owns 100% of Sembcorp Utilities (Netherlands)

201 reads

Remaining shares have been transferred at US$10.13 per share. Sembcorp Industries announced that it now owns 100% of the shareholding in Sembcorp Utilities (Netherlands) N.V., formerly known as Cascal N.V. Read ››

United Envirotech to invest S$35m in Memstar Technology

267 reads

Investment seen to boost China sales. In explaining the rationale behind its S$35m investment, Memstar said in a release that it will strengthen the strategic relationship between Memstar Group and UEL and help Memstar Group grow its membrane sales in water and waste water treatment plants across China. Read ››

ST Electronics bags three big time contracts

251 reads

Its pockets are S$192m fatter.. According to the release, Singapore Technologies Electronics Limited (ST Electronics) today announced that it has secured about S$192m worth of contracts for rail electronics, intelligent transportation, satellite communications (Satcom) and smart utility projects in 4Q2012. Read ››

SIIC Environment Holdings jumps listing to SGX Mainboard from Catalist

540 reads

Move seen to support growth plans in China. SIIC Environment Holdings Ltd., formerly known as Asia Water Technology Ltd., announced yesterday that it will transfer its listing from the Catalist to the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) on 30 November 2012. Read ››

Sembcorp Industries net profit up 37% YoY in 3Q

248 reads

More sparks expected from utilities. Here's from DBS Vickers: 2QFYMar13 results slightly ahead. Read ››

Here's why Hyflux disappointed despite a 15% profit increase

692 reads

Poorer margins negated a 77% revenue surge. Here's more from Maybank Kim Eng: Below expectations. Read ››

What shortage? water scarcity is unknown in Singapore

518 reads

But half of Asian peers are terribly suffering. According to UN-Habitat, water scarcity characterizes African cities but the water shortage pattern is more mixed in Asian cities. Read ››

Daily briefing: Addressing flooding woes, iPhone 5 release

545 reads

Here are the stories from around the web that Singaporeans are talking about including the blocking of a controversial film. Read ››

Advance SCT completes acquisition of wastewater treatment plant in Shenyang

305 reads

The aggregate consideration for the entire stake in the plant owner was RMB 9 million. Read ››

Darco Water Technologies appoints Thye Ze Pin as Executive Director

301 reads

He will be at the helm of the Group's engineering operations for project management and water systems manufacturing. Read ››

Sound Global's Executive Officer Zhou Hao steps down

317 reads

He was tasked to manage the company's EPC business, project management and engineering debug and delivery. Read ››

Hyflux profit up 21% to S$17.5m

402 reads

The firm’s revenue for the second quarter increased 71% YoY. Read ››

Zuo Wei steps down as Hankore Environment Tech Group's Chief Operating Officer

423 reads

He resigned to pursue other career opportunities. The Board of Hankore Environment Tech Group announced the resignation of Zuo Wei as Chief Operating Officer. Read ››

Stamford Canal upgrades planned through to 2017

466 reads

A detection tank and diversion canal will be constructed to increase Stamford Canal's flood protection capabilities. Read ››

Industrial used water treatment plant OK'ed for one-year demo

365 reads

It will be the first plant of its kind in Singapore capable of treating 1M gallons of industrial used water per day, says PUB. Read ››

PUB launches iPhone app MyWaters

457 reads

Features include access to CCTV cameras to view the situation at selected flood prone areas. Read ››

No spring in CitySpring's steps

845 reads

Population growth slowdown to 1.7%, bad timing in fuel cost increase, and a cool weather is making the future look bleak for CitySpring. Read ››

Sembcorp awards Demin Plant contract to Boustead Singapore

662 reads

The demineralisation and condensate polishing plant will support Sembcorp’s capacity to provide steam, water and wastewater treatment services. Read ››

Asia Water Technology Chairman Cai Yutian retires

610 reads

Mr Cai is also a Director as well as a member of the Nominating Committee and Remuneration Committee. Read ››

Hyflux margin drain might soon be plugged

740 reads

The Singapore-listed water treatment firm has suffered a major drop in gross margins which could recover by this year. Read ››

PUB to shut down water pipeline along Tampines Expressway

647 reads

The agency assured water supply will not be affected during the network enhancement works. Read ››

Toshiba Aqua Research Center to rise in Singapore's Waterhub

689 reads

The center is the first water treatment R&D located outside of Japan. Read ››

Electricity tariff to rise by 4.3% in the next three months

1633 reads

Not a good weekend ahead as consumers could expect $4.18 increase to electricity bill beginning this Sunday, April 1. Read ››

2012 Outlook for downstream oil & gas cloudy

1112 reads

Competition is stiff within Singapore and project margins are low, says OCBC. Read ››