Building & Engineering
ST Engineering's profit up 16.9% to $577.95m in FY2019
ST Engineering's profit up 16.9% to $577.95m in FY2019
All of its business segments posted increases in net profit.
Singapore to lift local labour via S-Pass-DRC reduction
DRC has been lowered to 15% for the construction, marine shipyard, and process sectors.
Builders seek force majeure advice as COVID-19 causes labor crunch
Singapore has $20-$24b of building projects in the pipeline.
Malaysia's construction sector to grow by 3.5% in 2020
A handful of uncompleted railway projects in 2019 are set to pick up in 2020.
SIA Engineering acquires 49% stake in PAES for $3.38m
PAES’ stations will complement SIAEC’s network of line maintenance international stations.
SIA Engineering profits rose 1.3% in Q3 to $16.1m
A stronger performance by the parent company expanded quarterly profits.
ST Engineering to form JV with Vietnam Airlines
The JV will focus on providing airframe MRO services.
Vietnam's infrastructure growth rests on private sector
The industry ranks poorly out of 141 territories globally.
Daily Briefing: SSTL launches accelerator for space tech startups; Deep tech company Dathena eyes US expansion
And venture builder Antler has raked in $103.9m investments since September 2019.
ESR REIT's NPI jumped 67.7% to $187.93m in 2019
The company’s acquisition of nine Viva Trust assets boosted its NPI for the year.
Engineering firm DLF queried over series of board resignations
Its group CFO resigned after serving for only three months.
Construction demand expanded 9.5% to $33.4b in 2019
Demand for petrochemical facilities spurred growth.
Tee International bags new engineering, construction contracts for $20m
The company’s outstanding order book stands at $364m to date.
ST Engineering's orderbook hits all-time high at $15.9b
Small divestments continue to optimise its business portfolio.
Hiap Seng Engineering suspends share trading amidst restructuring
It eyes scaling down its EPC projects.
Surbana Jurong bags 15,000-unit housing project in India
It will provide master planning, concept design and project management.
ST Engineering expands smart city business to Israel
It set up a subsidiary with an initial investment of $360,000.
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