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The investor is targeting Hyflux assets in the Middle East and North Africa. Hyflux received a non-binding letter of interest from a potential investor eyeing to acquire certain assets of the firm in Algeria and Oman, as well as other assets in the Middle East and North Africa region. According to an announcement, the said investor is also interested in the operation and maintenance activities related to the assets. Particularly, Hyflux revealed that the investor intends the proposed transaction to grow the investor’s portfolio of desalination plants. “The company understands that the investor is one of the top 10 largest desalination companies globally,” Hyflux said, noting that the investor is one of the world’s leading infrastructure companies and is a specialist in engineering, construction, operation and maintenance of water treatment facilities. “The investor is conscious of the timeline and has indicated that it would be willing to devote all necessary resources to ensure that the due diligence process and the consummation of the proposed transaction are carried out in the shortest possible timeframe,” Hyflux added. The Singapore firm said that whilst it is considering all serious offers and expressions of interest received, the priority remains for a strategic investor for the entire group. 

Its renewable generation pumped in $15-20m profits a quarter in 2018. Sembcorp Industries may be able to see even brighter days with the recovery of its power business in India, according to DBS Equity Research analyst Pei Hwa Ho. “We believe in the long-term growth prospects of SCI’s Energy arm, which has expanded its global footprint into key emerging markets – India, Bangladesh, Vietnam and Myanmar,” Ho noted. The analyst noted that the firm’s India operations swung from a loss of $58m in 2017 to a profit of $47m in 2018, and that the positive trend should continue. “The power market in India is recovering with current peak surplus expected to reverse by FY20 according to independent research house CRISIL, driving up tariffs. India remains a key growth driver, accounting for 15-20% of earnings,” Ho explained.

The firm will indirectly hold a 24% stake in Sincere.

It is expected to outpace the country’s economic growth at 2.2%.

Passenger carriage rose 7.6% compared to last year.

Today’s tone is expected to remain cautious.

But China remains as the top foreign property buyer in the country.

And check out how much can employees earn in Citi Singapore.

Nearly half or 40% of total group operating profit already comes outside Singapore.

It will expand its data science and curriculum team to upgrade its learning platform.

SMEs can acquire integrated warehousing services on a pay-as-you-use basis.

Rents in the CCR led the increase at 2.8%.

The 214,284-sqm property has a three-storey warehouse and two 14-storey support buildings.

It only received a draft from the Middle Eastern utility’s advisors.

Its underlying net profit dipped 21% as its Airtel business continued to incur losses.

Its profit from its energy business grew 21% to $85m. Sembcorp Industries started the year on a positive note as profits climbed 21% YoY to $93m in Q1 from $77m in the same period a year ago, thanks to the improved performance from its energy business.