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COSCO subsidiary to build two drilling rigs worth US$525mn each

COSCO subsidiary to build two drilling rigs worth US$525mn each

A letter of intent has been signed by COSCO Nantong Shipyard with Sevan Drilling Rig V and Sevan Drilling Rig VI in respect of 2 turn-key EPC contracts.

JTC launches tender for site at Fusionopolis Link

The site covers 30 hectares in one-north, according to JTC Corporation.

OCBC launches RMB200mn offshore certificate of deposit

The issue was fully taken up within the day of its launch, said OCBC.

Mapletree Logistics acquired Hiroshima Centre for $114.2mn

The major logistics centre in the Chugoku region has a total GFA of abour 43,600 sq m.

The Hanging Gardens of Singapore: 6 Battery Road gets a Babylonian makeover

Named the “Rainforest Rhapsody”, the vertical garden of about 2,000sq ft is populated by a rich array of about 120 plant species.

Frasers Hospitality expands to 80% occupancy by the end of 2012

Frasers will add 25 new properties and will manage a total of 64 properties across 37 cities over the next years.

The Clementi Mall 100% leased

Almost half of its tenants are opening for business today and the remaining tenants will follow soon after.

MediaCorp appoints May Tham as Managing Director of Vizpro International

She will steer business initiatives towards driving growth in Vizpro's entertainment sector and high-potential MICE area.

Govt sets new parameters to define SMEs

The Government of Singapore declared new parameters for what defines a Small and Medium Enterprise.

Bain & Company Partner Seow-Chien Chew named World Economic Forum Young Global Leader

Seow-Chien Chew is recognized for her contribution in helping solve the talent management challenges facing many non-profit organizations across Southeast Asia and Singapore.

DHL partners with Singapore Airlines to deliver in-flight amenities

DHL will manage the global transportation of all in-flight amenities from Singapore Airlines to all of its network destinations and offices in the world.

ComfortDelGro aims to gain 70% revenue from overseas venture

Phillip Securities Research reported, CDG expects to counter challenges in Singapore land transport market by exploring business abroad.

URA releases industrial site at Woodlands Ave 12

This is the second of the four industrial sites to be released for sale under the Reserve List of the 1st half 2011 Government Industrial Land Sales Programme.

DBS customers donated over $1mn to help victims of Japan quake disaster

These donations to the "Red Cross Japan Disaster" fund were made via DBS' ATM network and AXS Stations.

MasterCard appoints Maripi Jalandoni as Group Head of Marketing

Based in Singapore, she will ensure that the company's brand positioning is executed effectively across Asia Pacific, Middle East and Africa.

Tender for land parcel at Choa Chu Kang Drive received 6 bids

The highest bid came from Camborne Developments with a tender price of $170,100,000 or $3,453.71 psm.

Kodak opens new solutions center in Singapore

The Center will boost research, product development and operations management activities across three of Kodak's main digital growth businesses.