Building & Engineering
En bloc sales could drive construction costs higher
En bloc sales could drive construction costs higher
Singapore is now the fourth most expensive city in Asia to build in.
Yongnam bags North-South corridor contract for $554m
It will build vehicle tunnels and a new facility starting Q2.
Singapore's construction costs are the 4th highest in Asia
The public sector is expected to boost demand and drive costs between -1% to +2%.
Daily Briefing: SGX's S-REIT index dipped 6.3%; Singapore crane supplier Tat Hong to delist
And here's how The Garden Residences lured 3,000 people to its showflat.
Singapore launches nationwide e-invoicing standard
It is part of the government’s push for businesses to digitise.
ST Engineering Q1 profits up 17.8% to $117.7m
It was supported by growth across all sectors except marine.
ST Electronics merged STELCOMMS and infocomm unit
STELCOMMS’ staff and assets were moved to STEE-InfoComm.
ST Engineering Land Systems' Chinese unit files for bankruptcy
It failed to sell its assets due to weak industrial demand.
ST Engineering forms subsidiary in Chongqing
It will support its metro rail and building management projects in China.
Civmec to supply steel for 12 Luerssen Australia vessels
This brings its total order book to $815.55m.
Construction bosses bullish on higher orders in 2018
Some of them eye projects like Changi T5 and the KL-Singapore High-Speed Rail.
VINCI buys Singapore-based Wah Loon Engineering
It expects to raise $201.62m revenue in 2018 from data centre construction.
Construction lagged other sectors in fulfilling arrears in Q1
But the proportion of slow payments dipped to 49.14%.
Chart of the Day: Public construction progress payments to rise in 2018
This will be supported by the work in the 21.5km North-South Corridor.
ST Engineering CEO eyes doubling marine revenue in 5 years
Vincent Chong is positive the US Yard will be able to contract for the US Navy given the 20% rise in naval spending.
ST Engineering made $1b from smart city business in 2017
It is eyeing to double this in 2022 through acquisitions and organic growth.
Keppel's infrastructure arm turns to 2 projects for growth
Its Marina East Desalination project could boost headline earnings by 5-6%.
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