News

HSBC snaps Clarke Quay from CapitaMalls

HSBC snaps Clarke Quay from CapitaMalls

Property giant CapitaMalls Asia Limited announced on Thursday that the transaction with a subsidiary of HSBC has been completed.

UOL Group borrows S$1bln for refinancing

The property developer aims to raise funds with the billion dollar loan.

IE and Henan province team up for eco-projects

IE Singapore signed a Memorandum of Understanding (MOU) with the Henan Provincial Bureau of Commerce in Zhengzhou, capital city of Henan.

COSCO confirms carrier delivery to Europe

The Singapore-based shipping company announces on Thursday that it has delivered “Chang Shan Hai” and one unit of tender support jack-up rig.

CapitaLand expands assets in Australia

The Singapore realty giant goes down under with the opening of Citadines Melbourne in Victoria on 1 July.

Grade A space in Singapore in short supply

Jones Lang La Salle said opportunities are not in Grade A spaces but to be found in Grade B and suburban markets.

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.

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.

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.

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.

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.