construction

Lian Beng subsidiary wins $117 mil construction contract
SINGAPORE (Mar 18): Lian Beng Group says its wholly owned subsidiary, Deenn Engineering, has a secured a contract worth $117 million to construct a building over a period of three years starting from Mar 19. Details of the building’s location, space and functionality, nor the vendor, were not disclosed. In a Monday filing, Lian Beng says it expects the latest contract win to contribute ...
Yongnam FY18 loss widens to $51 mil on revenue decline, provisions & overheads
SINGAPORE (Feb 28): Yongnam Holdings, the engineering and construction services provider, reported FY18 loss widened to $51 million from $17 million a year ago due to lower revenue across all segments. In the group’s results announcement on Thursday, Yongnam notes that its bottomline was further impacted by provisions made in anticipation of lower negotiated variation orders for two ...
AusGroup reports 87.9% fall in 2Q earnings to A$0.5 mil on reduced operating activity
SINGAPORE (Feb 13): Construction and engineering company AusGroup saw its earnings fall 87.9% y-o-y to A$0.49 million ($0.47 million) for the 2Q ended Dec 2018 as compared to earnings of A$4.8 million in 2Q18, due to reduced operating activity. This brings the group’s earnings for 1H19 to A$1.8 million, down fourfold from A$7.2 million in the previous year. Revenue for the latest quarter ...
Swee Hong announces $32.5 mil PUB contract win
SINGAPORE (Jan 8): Civil engineering firm Swee Hong has secured a $32.5 million contract from Singapore’s Public Utilities Board (PUB) to construct link sewers for the Deep Tunnel Sewerage System (DTSS) Phase 2 Project at Old Choa Chu Kang Road/ Jalan Bahar. According to a factsheet issued by PUB in Nov 2017, DTSS Phase 2 is slated to complete by 2025, and will extend the deep tunnel system ...
Pan-United to reduce CO2 emissions with clean tech from Canada
SINGAPORE (Nov 19): Pan-United Corp, the cement and ready-mixed concrete supplier, is introducing technology from Canadian cleantech company CarbonCure in a bid to potentially save over 4,000 tonnes of carbon dioxide (CO2) emissions annually at each of its concrete plants. According to the group, this is equivalent to the amount of CO2 that would be sequestered by forestland blanketing 2.6% of ...
Sapphire Corp secures $87.2 mil engineering & construction contract in Hangzhou
SINGAPORE (Sept 17): Sapphire Corporation has secured a contract valued at RMB 436 million ($87.2 million) for the engineering and construction of core infrastructure structures for an urban subway system in Hangzhou, China. The project involves the construction of a subway station and two intervals, including underground passenger pathways access in an urban environment. As the highlight ...
VARD announces $840 mil contract win after delay in delisting EGM
SINGAPORE (June 25): VARD Holdings has secured a contract worth over NOK 5 billion ($840 million) to construct three coast guard vessels for Norway’s Norwegian Defence Materiel Agency (NDMA), an agency directly under the Royal Norwegian Ministry of Defence. In a Monday filing, VARD says the new vessels will replace Norway’s Nordkapp-class coast guard vessels, and will be tailor-made for ...
Keong Hong foresees ongoing projects to be unaffected by MOM foreign worker hiring freeze
SINGAPORE (June 5): Keong Hong Holdings says it has taken “immediate corrective actions” to prevent further infringements of Ministry of Manpower (MOM) regulations regarding workers’ accommodation. Keong Hong’s wholly-owned subsidiary Keong Hong Construction was recently fined $352,500 for housing foreign workers in overcrowded living conditions at a Construction Temporary Quarters ...
Tiong Seng awarded $48 mil contract for MOH polyclinic project
SINGAPORE (May 21): Tiong Seng Holdings, the construction group and property developer, has been contracted to construct a 10-storey polyclinic and long-term care facility building for the Ministry of Health (MOH) for $47.68 million. The construction of the new healthcare facility, which is located along Balestier and Serangoon Road in Singapore, will commence in June this year. According ...
Tiong Seng's 1Q earnings up fivefold to $4.9 mil on improved margins
SINGAPORE (May 14): Tiong Seng Holdings reported 1Q18 earnings of $4.9 million, up nearly fivefold from its earnings of $1 million a year ago due to improved profit margins.  The group posted a 15.3% decline in revenue to $140.8 for the quarter as compared to $166.2 million in the previous year, due to lower revenue both its core construction segment and secondary property segment, ...