Singapore

SGX appoints Gan, Ramaswami as Co-Presidents

SGX appoints Gan, Ramaswami as Co-Presidents

Singapore Exchange (SGX) announced on Wednesday a new organisation to better capitalise on emerging Asian opportunities in the global financial markets.

6 water companies to receive S$1mln R&D funds

EWI announces 6 companies to receive a million worth of research fund to carry out R&D and improve product offerings.

StorHub demands more time to seek approvals

Cap Store Pte Ltd and Hersing Store Pte Ltd have rescheduled the completion of its Storhub acquisition from 30 June 2010 to 31 July 2010.

Keppel opens Waste-to-Energy plant for Singaporeans

The new Keppel Seghers WTE Plant has the capacity to treat 800 tonnes of solid waste a day to generate more than 20MW of green energy for Singapore’s energy supply.

MTI confirms 19.92 hectares for IGLS programme

The Ministry of Trade and Industry launched its Industrial Government Land Sales programme, which includes seven sites, for the second half of 2010.

Prime office rents stabilise after falling 60% from peak

Office occupancy in Singapore rose by 0.8 percentage point quarter-on-quarter to 93.2% as a result of growth in demand.

K-Green named 762nd member of SGX

A business trust company established and sponsored by Keppel Integrated Engineering becomes the first Green Infrastructure Trust to be listed on the SGX.

Up-market home sales dropped in Q2

Sales of high end homes moved slowly in Q2 as foreign investors held back their purchases on fear of weakened foreign currencies against Singdollar.

Kim Eng increases shares for $2.3 mln

Kim Eng Holdings Limited’s SAPL has acquired the remaining 10% equity interest in St. Michael’s for $2,327,331.77.

Singapore gets top country risk rating

Coface upgrades Singapore’s country rating from A2 to A1 making it the safest place to do business.

DBS introduces new card design

The bank releases a new card design featuring Singapore’s skyline.

Pirates hijack M.T. Golden Blessing

The Singapore-registered vessel was attacked by pirates on its way to India from Saudi Arabia while passing the Gulf of Aden on Monday.

Moya Dayen gets US$36mln anew for water facilities project

Water facility company to receive more funds for the Niroth Water Production Facilities – Phase I, which comprises 2 contracts – Part A and Part B for a total of US$49.84 million.

Sembcorp signs MOU with UAE on water desalination project

The new seawater reverse osmosis facility is expected to cost approximately US$200 million and to be operational before the end of 2013.

NOL borrows US$1.5 bln for corporate purposes

The shipping company aims to raise funds after posting a net loss of US$741 million in 2009.

PST buys 2 ships for US$123.2mln

The shipping company acquires two new DWT Capesize Bulk Carriers saying it is now shifting to the non-container sector.

PUB's Marina Barrage bags Design award

The national water agency’s project was recognised for using a strategy of creating estuarine reservoirs by damming major rivers.