Browsing: Singapore

Singapore’s GIC eyes acquiring 31.7% stake in Philippines’ EDC

MANILA (Reuters) – Philippine renewable power producer Energy Development Corp said on Thursday a consortium of investors including a unit of Singaporean sovereign wealth fund GIC had offered to buy about a third of the company.


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Singapore-Johor Bahru MRT link to commence operations by 2024

A cross-border MRT link that will connect Singapore and Johor Baru in Malaysia is slated to begin passenger service by the end of 2024, ministers from the two countries announced today. It was also announced that


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Will Seletar Mall be divested by SPH?

Singapore Press Holdings recently announced that its consortium with JV partner Kajima Development has been awarded for $1.13b the HDB tender for a 99-year leasehold site at Upper Serangoon Rd. According to OCBC, this mixed site


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Four new MRT stations to begin operations on June 18

The Land Transport Authority announced that the Tuas West Extension comprising four above-ground stations will be starting its operations starting June 18. The four stations – Gul Circle, Tuas Crescent, Tuas West Road and Tuas Link


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SP Setia buys prime land in Singapore

SP Setia Bhd, which is turning into Permodalan Nasional Bhd’s (PNB) regional property powerhouse, has won a highly-competitive bid to develop a prime piece of land in Singapore. The property developer was awarded the tender by


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Construction sector payment performance dips in Q1

Although Singapore firms saw a slight improvement in payment performance in the first quarter of the year, that of the construction sector continues to worsen, according to the latest report by the Singapore Commercial Credit Bureau


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Construction activities in Singapore to grow a mere 0.8% in 2017

RHB expects construction activities to grow 0.8% this year, on the back of a low base effect, ramp-up of ongoing infrastructure projects, and accelerated public civil works as announced in the Budget. “The sector declined 2.8%


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Singapore in need of 15,000 rail engineers by 2030

The Ministry of Transport is in need of additional 15,000 rail engineers and technicians by 2030, as it grows Singapore’s rail network. According to Transport Minister Khaw Boon Wan, LTA and the two rail operators have


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URA appoints KCAP as consultant for Jurong Lake District development

The Urban Redevelopment Authority has tapped the team led by KCAP Architects&Planners (KCAP) as the consultant to develop the detailed master plan for Jurong Lake District. According to a statement released by URA, the team’s proposal


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Singapore: Construction activity to pickup in 2017

The Building and Construction Authority (BCA) expects the total value of construction contracts to be awarded this year to hit between $28 billion and $35 billion, up from last year’s preliminary estimate of $26 billion, with


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