SINGAPORE: As CapitaLand marks the 20th anniversary of its listing on Singapore Exchange Securities Trading Limited this month, the Group is honouring the deep-rooted stakeholder relationships built over the last two decades by unveiling its new business transformation framework “The Next 20” (TN20). TN20 is built on three core tenets of People, Sustainability and Digitalisation,…
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Sumitomo Life and SBI Investment jointly establish a corporate venture capital fund
SINGAPORE: Sumitomo Life Insurance Company and SBI Investment Co. Ltd. jointly established a corporate venture capital (CVC) fund, Sumisei Innovation Fund to accelerate new value creation through open innovation. With the aim of being an “indispensable insurance company” for customers and society, Sumitomo Life has accelerated business co-creation with start-ups through making investments in venture…
Asiatic Group move to arbitration with Phnom Penh Special Economic Zone for $14.4 million
SINGAPORE: Asiatic Group (Holdings) Limited’s subsidiaries, Colben System Pte Ltd and Colben Energy Holdings (PPSEZ) Limited, commenced arbitration proceedings against Phnom Penh Special Economic Zone Plc (PPSEZ) for a minimum of US$14.4 million in relief with regard to a dispute in connection with a power plant project in Cambodia. Asiatic Group’s position is that PPSEZ…
CapitaLand secures green loans in India totalling INR 17 billion for its business park developments
SINGAPORE: CapitaLand has secured its first three green loans in India, totalling INR 17 billion (S$323 million) from DBS Bank India Limited (DBS) and the Hongkong and Shanghai Banking Corporation Limited India (HSBC India). The three green loans mark CapitaLand’s first foray in sustainable finance in India. Proceeds from the green loans will be used…
CapitaLand Retail China plans S$300 million equity fundraising to finance acquisitions
SINGAPORE: CapitaLand Retail China Trust Management Limited, manager of CapitaLand Retail China Trust (CRCT) has planned an equity fundraising comprising an offering of new units in CRCT to raise gross proceeds of S$300 million. CapitaLand has proposed a private placement of 184.41 million new units to institutional and other investors at an issue price of…
CIMIC’S CPB Contractors to deliver defence training facilities in North Queensland
SINGAPORE: CIMIC Group’s CPB Contractors has been selected by the Australian Government’s Department of Defence to deliver the development phase of the Australia-Singapore Military Training Initiative (ASMTI) facilities project in North Queensland. CPB Contractors has also been named as the preferred contractor to manage the second phase of the project, commencing mid-2022. Combined, the two…
Panasonic announces transition to a holding company system and change of corporate name
OSAKA, JAPAN: Panasonic Corporation announced that the Board of Directors of Panasonic has resolved to transition to a holding company system through a company split and to change its corporate name to Panasonic Holdings Corporation. These changes are planned to take place in April 2022 under the following conditions: the company split agreement for the…
CapitaLand recognised for global sustainability leadership by Dow Jones Sustainability Indices
SINGAPORE: CapitaLand has been listed on the Dow Jones Sustainability World Index (DJSI World) for the ninth consecutive year, reinforcing its reputation as a global sustainability leader in real estate. Dow Jones Sustainability Indices (DJSI) track the performance of the world’s leading companies in the areas of economic, environmental and social factors. CapitaLand has also…
Cathay Pacific posts substantial capacity reductions amid the ongoing pandemic
SINGAPORE: The Cathay Pacific Group released its combined traffic figures for October2020 that continued to reflect the airlines’ substantial capacity reductions in response to significantly reduced demand as well as travel restrictions and quarantine requirements in place in Hong Kong and other markets amid the ongoing global COVID-19 pandemic. Cathay Pacific and Cathay Dragon (which…
Association of Banks in Singapore and SGX RegCo enhance due diligence standards
SINGAPORE: The Association of Banks in Singapore (ABS) announced an enhancement of the ABS Listings Due Diligence Guidelines, which have been revised in close collaboration with Singapore Exchange Regulation (SGX RegCo) to raise standards of due diligence conducted on companies planning to list on Singapore Exchange (SGX). The updated Guidelines launched today are an enhancement…
Singapore Post Limited establishes S$1.0 billion multicurrency debt issuance programme
SINGAPORE: SingPost Group Treasury Pte. Ltd., a wholly-owned subsidiary of Singapore Post Limited, has established a S$1.0 billion Multicurrency Debt Issuance Programme, which is unconditionally and irrevocably guaranteed by Singapore Post Limited. The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch has been appointed as arranger of the Programme. Under the Programme, Singpost Group may,…
Singapore Exchange named Asia’s Best FX Exchange
SINGAPORE: Singapore Exchange (SGX) is named “Best FX Exchange in Asia” at the FX Markets Asia Awards 2020, a news release said. The award, based on votes by foreign exchange (FX) and money market professionals, recognises the exchange which has demonstrated the ability to offer market participants cost efficiencies and new solutions as well as…