Zhongmin Baihui to purchase $23.7 mil worth of distilled wine from Kweichow Moutai Group

Zhongmin Baihui Retail Group, a Singapore-listed operator of department stores in China, announced that it has signed a direct sales agreement with a unit of Kweichow Moutai Group worth RMB120 million (S$23.7 million).

Deals, joint ventures & alliances

Centurion and Sunseap ink 20-year solar power agreement

SINGAPORE (Feb 25): Centurion Corporation and Sunseap Group have signed a 20-year solar power purchase agreement for a workers dormitory in Singapore.


SembMarine inks US$166 mil agreement with Teekay Offshore for works on Petrojarl Varg FPSO

SINGAPORE (Oct 22): Sembcorp Marine says that its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters, has signed an agreement with Varg, a wholly-owned company of Teekay Offshore Partners, for engineering, procurement and construction works related

Global Markets

US & South Korea reach agreement on trade, steel tariffs

SEOUL/WASHINGTON (Mar 26): The US and South Korea reached an agreement on revising the allies’s six-year-old bilateral trade deal and President Donald Trump’s plan to impose tariffs on imported steel, Treasury Secretary Steven Mnuchin said.

MindChamps inks master franchise with Evergrande to open in Vietnam

SINGAPORE (Dec 19): MindChamps PreSchool has signed a master franchise agreement with Vietnam’s Evergrande Group to open 20 of its preschool and reading centres in the country.

Oxley subsidiary acquires land plot in Cambodia for $8.3 mil

SINGAPORE (June 30): Oxley-Worldbridge, the Cambodia-based subsidiary of Oxley Holdings, has purchased a plot of land located on lot 17, Village 14, Sangkat Tonle Basak, Khan Chamkar Morn in Phnom Penh, Cambodia, from Khov Porseang for US$6 million ($8.3

Global Economy

G7 leaders expect Trump to make Paris accord decision this week

BERLIN/NEW YORK (May 23): World leaders expect President Donald Trump to announce this week whether the US will remain in the landmark Paris climate accord as they gather for the Group of Seven summit, Germany’s environment minister said.

QT Vascular cuts deal to sell its angioplasty balloons to HealthTrust-linked US hospitals

SINGAPORE (Dec 20): QT Vascular says that its subsdisiary TriReme Meidcal LLC has signed an agreement with HealthTrust Purchasing Group, to sell its angioplasty balloons to HealthTrust’s members.