infrastructure

Jewel: Just one facet of growth
Changi Airport’s crowning asset has drawn admiring crowds and fawning reviews. But its shininess belies the deeper challenges Singapore faces in remaining relevant as a regional hub for business and tourism. SINGAPORE (Apr 22): By the time Jewel at Changi Airport officially opened for business on April 17, more than half a million people had streamed through its gleaming glass doors, eager ...
Ntegrator announces $59 mil contract win from regional service provider in Singapore
SINGAPORE (April 2): Ntegrator says it has secured a $58.6 million contract from a repeat customer whom the company only refers to as a "Singapore-based regional service provider. The project, which commenced on Monday, involves the installation of pipelines and manholes; installation, maintenance and diversion services for infrastructure cables; and the service provision and maintenance of ...
Ascendas-Singbridge properties to house public EV charging network with help from SP Group
SINGAPORE (Jan 21): Ascendas-Singbridge Group is appointed as Singapore Power (SP) Group’s first major location partner in its plans to build “Singapore’s largest and fasted public EV charging network” with 1,000 charging points island-wide by 2020. Under the partnership, 24 charging points were installed in six buildings owned by Ascendas-Singbridge – Hyflux Innovation Centre ...
CSE kept at 'buy' by UOB, RHB on stronger outlook with 4Q contract wins
SINGAPORE (Jan 16): UOB Kay Hian and RHB Research are reiterating their “buy” calls on CSE Global after the group announced it secured $84.8 million worth of infrastructure projects in 4Q18. Both research houses have a 59-cent target price on the stock. In a Wednesday report, UOB analyst Yeo Hai Wei says CSE latest win highlights the merits of its diversified orderbook, and implies that ...
Ascendas-Singbridge acquires 12.2-acre Chennai site for development of new IT park
SINGAPORE (Jan 3): Ascendas-Singbridge Group has acquired a 12.2-acre site in Chennai for an undisclosed sum from GSquare Group, making it Ascendas-Singbridge’s sixth property in the city. With a total development potential of 2.3 million sq ft, the land parcel located on Pallavaram–Thoraipakkam Road, also known as Radial Road, will be developed into a new IT park named International ...
Hong Kong has US$64 bil plan to build islands for new homes
HONG KONG (Jan 3): Hong Kong, the world’s least affordable property market, has a plan to tackle its housing crisis: build four artificial islands equal to about a fifth the size of Manhattan that could house more than a million people. The government-backed plan to create a gleaming property and commercial hub has been tried before—Palm Jumeirah, the palm-shaped archipelago in Dubai ...
Yongnam wins contracts worth over $73 mil in Australia and Singapore
SINGAPORE (Dec 27): Yongnam Holdings has secured contracts totalling to $73.4 million in value, including several specialist civil engineering contracts to supply steel struts and strutting components for Temporary Earth Retaining Systems used in infrastructural developments in Melbourne, Australia. This marks the group’s foray into the Australian market, with the signing of the last ...
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 ...
What are the consequences of the HSR project's derailment?
SINGAPORE (June 1): When Dr Mahathir Mohamad took on the office of prime minister of Malaysia for the second time last month, he was widely expected to review the many mega projects that his predecessor Najib Razak had agreed to. The Kuala Lumpur-Singapore high-speed rail (HSR), a 350km rail link between the two cities, was one of them. Even so, Mahathir’s announcement this past week that ...
Yongmao Holdings swings to 4Q loss on higher expenses, lower margins
SINGAPORE (May 30): Tower crane manufacturer Yongmao Holdings posted a loss of RMB2.3 million ($0.5 million) for the quarter ended March, compared to earnings of RMB5.7 million in 4Q17, due to higher expenses and lower margins.   This brings the group’s earnings for FY18 to RMB20.6 million, down 26.7% from RMB28.1 million a year ago. A first and final dividend of 1 cent per share has ...