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Sustainability
Surbana Jurong joins Australia-Asia Powerlink, project can supply 15% of Singapore's power needs from 2028
The project is expected to begin construction from late 2023, with the first supply of power expected here in 2027.
October 20, 2021
Startups, Entrepreneurs, Digital economy
Elon Musk will become a trillionaire with SpaceX, Morgan Stanley says
Morgan Stanley has a US$200 billion bull-case valuation for SpaceX
October 20, 2021
Results
Khong Guan expects net loss for FY2021, issues profit warning
Biscuit manufacturer Khong Guan has issued a profit warning that it expects to report a net loss for its FY2021
October 19, 2021
Deals, joint ventures & alliances
EDB and Dole co-invest $10 mil in new venture producing specialty ingredients from fruit waste
The venture plans to repurpose 1 million MT of banana and pineapple waste from Dole’s Philippines plantations.
October 19, 2021
Banking & finance
DBS Bank (Hong Kong) partners with Postal Savings Bank of China Co under Wealth Management Connect scheme
DBS Bank (Hong Kong) is the bank’s largest franchise outside of Singapore.
October 19, 2021
Sustainability
OCBC to fund five sustainability projects through youth-mentorship programme
The programme will match youths with experienced professionals to work on solving sustainability challenges faced in Singapore.
October 19, 2021
M&A
Incredible to acquire 42% stake in Hong Kong watch trading firm Golden Ultra for HK$84 mil
The purchase price represents a 44.6% premium over the independent valuation of HK$58.1 mil for the 42% stake.
October 19, 2021