SINGAPORE: Singapore Technologies Engineering Ltd (ST Engineering) Sunday announced that its U.S. subsidiary, VT San Antonio Aerospace, Inc., recently discovered a cybersecurity incident where a sophisticated group of cyber criminals, known as the Maze group, gained unauthorised access to its IT network and deployed a ransomware attack. At this point, the ongoing investigation indicates that…
Ascott Residence Trust to join FTSE EPRA Nareit Global Developed Index
SINGAPORE: Ascott Residence Trust (ART), the most geographically diversified and largest hospitality trust in Asia Pacific, will be included in the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index) from 22 June 2020. Ms Beh Siew Kim, Chief Executive Officer of the managers of ART, said: “We constantly explore ways to enhance…
Singapore Airlines secures S$10 billion in fresh liquidity
SINGAPORE: Singapore Airlines (SIA) has raised S$10 billion of liquidity through its recent Rights Issue, as well as a mix of secured and unsecured credit facilities. This puts SIA on a steady footing as it tackles the challenges posed by the global Covid-19 outbreak. SIA secured S$8.8 billion in liquidity through the successful completion of…
AC Energy acquires 12.82% stake in Infigen Energy for AUD 90.4 million
SINGAPORE: AC Energy Inc, a wholly-owned subsidiary of Ayala Corporation, through its affiliate UAC Energy Holdings Pty Ltd, has directly and indirectly acquired a 12.82% stake in Infigen Energy Limited for AUD 90.4 million. Infigen is a renewable energy developer, generator, and retailer listed on the Australian Securities Exchange that owns and operates 670MW of…
F J Benjamin scales up online store network amid COVID-19
SINGAPORE: Southeast Asia’s leading fashion retailer F J Benjamin Holdings (FJB) has substantially scaled up its online store network following agreements struck with several global brands. Group Chief Operating Officer Douglas Benjamin said since the outbreak of the coronavirus early this year, it has been negotiating with principals of fashion brands it represents, as well…
SGX reports market statistics for May 2020
SINGAPORE: Singapore Exchange (SGX) released its market statistics for May 2020. The reopening of economies around the world lifted sentiment in equity markets, even as the COVID-19 pandemic continue to cloud the outlook for global growth. The exchange’s derivatives franchise gained amid increased portfolio demand in foreign exchange (FX) and commodities. Securities daily average value…
Agria Pet Insurance appoints Crossword Cybersecurity as its cyber security partner
LONDON: Crossword Cybersecurity PLC, the technology commercialisation company focused solely on cyber security and risk, has announced that its Consulting division has signed a three year contract with Agria Pet Insurance Ltd, the award winning lifetime pet insurer, working as its trusted cyber security partner. Crossword’s Virtual Chief Information Security Officer (vCISO) managed service will…
Midatech enters into research collaboration with Dr Reddy’s Laboratories
CARDIFF: Midatech Pharma PLC, an R&D biotechnology company focused on delivering innovative oncology and rare disease products to patients, has entered into a research collaboration with Dr Reddy’s, one of the global pharmaceutical companies, committed to accelerating access to affordable and innovative medicines. Midatech will deploy its in-house expertise and proprietary drug delivery platforms towards…
Union Jack Oil acquires further interest in the Wressle Hydrocarbon Development Project
LONDON: Union Jack Oil, a UK focused onshore hydrocarbon company, has agreed to acquire a further 12.5% economic interest in PEDL180 and PEDL182 containing the Wressle hydrocarbon development project from Humber Oil & Gas Limited for a cash consideration of £500,000. Union Jack will acquire a further 12.5% in the Wressle development, increasing its interest…
Costain appointed onto £350 million Anglian Water Strategic Pipeline Alliance
LONDON: Costain Group Plc, the smart infrastructure solutions company, has been appointed onto Anglian Water’s over £350 million new Strategic Pipeline Alliance. Under the eight-year contract, as part of the alliance, Costain will provide a range of integrated services including strategic programme management, digital technology expertise and complex programme delivery for the supply-side strategy of…
TP Group announces first production of ultra-high purity oxygen using new modular system
LONDON: TP Group provided an update on its development programme to build modular gas production equipment announced 16 April 2020. TP Group engineers at the Portsmouth technology centre have completed the first phase of the project by commissioning a single modular system that produced both oxygen and hydrogen at ultra-high purity levels. Under trial conditions,…
BWA Group appoints James Hogg as a non-executive director
LONDON: BWA Group plc has appointed James Hogg MSc. BSc. MAIG as a non-Executive Director of the Company. BWA Group plc has seven mineral exploration licences split between Canada and Cameroon at various stages of development. James is Principal Geologist and Managing Director of Addison Mining Services (Addison) and has over 20 years of experience…