Building & Engineering
ST Engineering's profit could hit $151m in Q3: analyst
ST Engineering's profit could hit $151m in Q3: analyst
Its land systems operations may boost its profit by 20%.
IKEA Singapore revenue hit $341m in FY2019
IKEA Southeast Asia revenue grew by 20% to $1.21b for the same period.
Sembcorp subsidiary to build solar facilities in Vietnam industrial parks
The first project, a solar farm atop VSIP’s admin building, has already been completed.
India's highway construction to slow to 26-27 km per day in FY19-20
Steep land acquisition costs are partially to blame.
Japan's building sector to grow 0.4% annually from 2019-2023
Urban redevelopment projects will drive growth amidst shrinking housing demand.
ST Engineering partners with Rheinmetall to develop defense products
They will develop solutions related to protection systems and combat vehicles.
ST Engineering's aerospace unit injects $27m into STEA Resources
The capital injection will be used to buy aircraft assets.
SembMarine bags contracts worth $400m
This includes building jacket foundations for Taiwan's largest offshore wind farm.
This startup makes air-purifying paints to curb indoor pollution
To date, gush paints have been used in over 600 residential and 60 commercial projects in Singapore.
Malaysia building sector to contract temporarily in 2019
However, the sector will grow in the long term as more projects achieve completion.
Boustead Singapore unit clinches $100m European energy infrastructure deal
The subsidiary will design, engineer and supply waste heat recovery units.
Surbana Jurong to digitalise quantity surveying and cost management
It partnered with digital tech firm Glodon to expand the adoption of 5D Building Information Modelling (BIM).
ST Engineering's half-year order book hit record-high of $15.6b
Around $3.8b of it is expected to be delivered in the second half of the year.
Sembcorp profits up 20% to $98m in Q2
However, revenue fell 33% due to lower turnovers from its energy and marine units.
Indonesia cement industry recovers from six-year slump
Gross margins of the two top producers improved.
ST Engineering profits climbed 18% to $138.2m in Q2
Profit growth from the marine sector countered declines from other divisions.
Sembmarine's loss narrows to $6.83m in H1
Revenue from its rigs & floaters business nearly halved.
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