SINGAPORE: Singapore Exchange Regulation (SGX RegCo) and Nasdaq have extended their partnership by entering an agreement to cooperate on regulatory matters, building on an existing collaboration to help companies access capital markets funding in both jurisdictions. The latest cooperation agreement will facilitate the regulatory exchange of information on issuers which are dual listed on both…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
AC Energy expands to India with $68 million 140 MWp solar farm in Rajasthan
SINGAPORE: AC Energy is set to develop Sitara Solar, a 140 MWp solar plant in India through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia Pacific, a news release said. Marking its first major investment in India, AC Energy’s total renewables capacity will reach over 1,200 MW, in a move to further…
Magnus and Oriental EPC to assist with the construction of LPG terminals in Indonesia
SINGAPORE: Magnus Energy Group together with Oriental EPC Private Limited received a letter of offer from a state-owned enterprise in Indonesia on July 2nd to assist with the construction of liquefied petroleum gas (LPG) terminals in various parts of Indonesia. Magnus Energy and Oriental EPC had accepted the LOO via the agent on 16 July…
Forise International bags 5 new contracts in India, Russia
SINGAPORE: Forise International Limited, through its subsidiary Prisma Technologies Pte Ltd, has secured five new contracts to provide management consulting services for various projects in India and Russia, adding to its growing order book as businesses increasingly seek out deep-technology applications to streamline their operations. The new contracts are worth US$1.3million (S$1.8million) in total and…
Keppel secures FPSO contracts worth about S$73 million from MODEC
SINGAPORE: Keppel Offshore & Marine Ltd has through its wholly owned subsidiaries in Singapore and Brazil secured two contracts worth a combined value of about S$73 million from MODEC Offshore Production Systems (Singapore) Pte Ltd (MODEC), a MODEC, Inc. group company. In Singapore, Keppel Shipyard has been engaged to fabricate, complete and integrate the topside…
Biolidics Limited signs licence agreement With Accelerate Technologies
SINGAPORE: Biolidics Limited has entered into a licensing agreement with Accelerate Technologies Pte Ltd to use Accelerates technology for the detection of COVID-19. Accelerate is the commercialization arm of the Agency for Science, Technology and Research (A*STAR). Pursuant to the Agreement, Accelerate has granted the Company non-exclusive worldwide rights to use the technology for the…
Jaguar Land Rover sales significantly impacted by Covid-19
WHITLEY: Jaguar Land Rover retail sales for the three-month period to 30 June 2020 were significantly impacted by Covid-19 in line with the unprecedented market conditions, but improved month-on-month through the quarter. June retail sales were 35,334 vehicles, down 24.9% year-on-year, but representing an improving monthly trend within the overall quarter, with total sales of…
Olam secures third medium-term Samurai loan facility of JPY 25 billion
SINGAPORE: Leading global food and agri-business, Olam International announced that its wholly owned subsidiary, Olam Treasury Pte. Ltd. (OTPL), has secured a medium-term samurai loan facility aggregating JPY 25 billion in the Japanese market. N Muthukumar, Managing Director and Group CFO of Olam said: “We are extremely pleased to return to the Japanese loan market…
SGX reports market statistics for June 2020
SINGAPORE: Singapore Exchange (SGX) released its market statistics for June 2020. Global financial and commodity markets reflected optimism from the reopening of major economies, even as concern that new COVID-19 infections could stymie growth continued to drive demand for risk management. Total securities market turnover value on SGX rose 74% year-on-year (y-o-y) in June to…
SGX Orb Awards focuses on resilience of financial markets
SINGAPORE: Singapore Exchange (SGX) launched the third edition of its annual SGX Orb Awards to recognise excellence in financial journalism and content. Continuing the theme of “Connecting Perspectives and Inspiring Conversations,” this year’s special category focuses on the resilience of financial markets amid the COVID-19 pandemic. The coronavirus outbreak has exacerbated a backlash against globalisation,…
Hitachi ABB Power Grids Ltd commences operations
TOKYO: In accordance with the agreement signed on December 17, 2018, Hitachi Ltd. and ABB Ltd announced the completion of all required procedures as planned, and the formation of Hitachi ABB Power Grids Ltd. Hitachi has an 80.1 percent stake in this new joint venture entity (which has business volume of approximately 10 billion USD)…
Indian conglomerate, S Lad Group proposes strategic business collaboration and acquisition of BlackGold
SINGAPORE: BlackGold Natural Resources Limited announced that it has received a letter of intent (LoI) from S Lad Group for a proposed strategic collaboration on the Group’s mining assets and an acquisition of the Company. The LOI is intended to be a basis for further negotiations between the Company and S Lad Group and does…