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…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
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…
Kaisa Group Holdings announces appointments of Vice Chairman and Co-Presidents
HONG KONG: The board of directors of Kaisa Group Holdings Limited has announced appointments of Vice Chairman and Co-Presidents effective 5 November 2020. Mr. Mai Fan, who is currently an executive Director, the president and the chief executive officer of the Group will, in addition to his current roles, be appointed as a vice chairman…
SGX pioneers SingPass use for transaction signing of Central Depository services
SINGAPORE: Singapore Exchange (SGX) is pioneering the use of SingPass to authorise, or sign, transactions that require a high level of security. SGX’s Central Depository (CDP) began offering SingPass access including transaction signing from 26 October 2020 for its CDP Internet online services. The introduction of SingPass is part of a larger plan to bring…
CapitaLand, SP, Sembcorp to study use of integrated energy solutions to green data centres
SINGAPORE: CapitaLand, SP Group and Sembcorp Industries have signed a Memorandum of Understanding (MOU) to jointly study the use of integrated energy solutions to power data centres, a news release said. CapitaLand’s data centre is the first to pilot in Singapore under SP’s Energy Partnership Programme. The integrated energy solutions will potentially include a combination…
Yangzijiang secures new orders worth $198million from a Japanese shipowner
SINGAPORE: Yangzijiang Shipbuilding (Holdings) Ltd., a globally-leading shipbuilding group based in China, has entered into an agreement with a Japanese shipowner for the building and delivery of ten 3,500TEU containerships. Out of the orders for the ten vessels, five are firm orders worth approximately USD198 million in total. These are accompanied by five option orders…
CDL appoints Deloitte & Touche to evaluate investment in Sincere Property Group
SINGAPORE: City Developments Limited (CDL) announced the appointment of Deloitte & Touche Financial Advisory Services as its External Financial Advisor to assist in further evaluating and reviewing its 51.01% joint venture equity investment in Sincere Property Group (Sincere) based in China. The CDL investment of an effective 51.01% stake in Sincere, completed in April 2020,…