Asia needs to tap on private sector for infrastructure funding

SINGAPORE (Aug 18): Governments in Asia need to turn to private sector investments to help fill the gap of “unsustainable” government expenditure on infrastructure, says Indranee Rajah, Minister in the Prime Minister’s Office.

Citing figures released by the Asian Development Bank (ADB), Indranee says Asia will need some US$26 trillion ($36 trillion) in infrastructure investments up to 2030 in order to meet the needs of a growing population.

Yongnam on track for a potential turnaround in FY20, says CGS-CIMB

SINGAPORE (May 23): CGS-CIMB Research is maintaining its “add” call on Yongnam Holdings with an unchanged target price of 33 cents, which is pegged to 0.7 times FY19F P/BV based on a 20% discount to the long-term average of 0.9 times.

To recap, Yongnam recently announced it had secured contracts worth $120.8 million for infrastructure works in Singapore, Hong Kong and India.

This bring the group’s orderbook to $448 million, the highest in seven years.

Infrastructure driving Asian growth again

SINGAPORE (May 13): The bad news on the global front does not seem to subside. US President Donald Trump’s renewed threats to impose additional tariffs on Chinese exports have aroused another bout of fear of a trade war. There have also been growing concerns over how much support global demand will lend to Asian exports as a result of the unexpected deceleration in growth in the later part of 2018.


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 to be among the first to experience it.


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 business services across the eastern, western and central parts of Singapore.

It will cover a two-year period with the option to extend for a further period of one year.

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 at  80 Bendemeer Road, Corporation Place, Techlink, Techplace I, The Capricorn and The Kendall – with operations commencing in phases since Dec 2018.  

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.

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 Tech Park Chennai (ITPC) – Radial Road, after the group’s flagship International Tech Park Chennai – Taramani (pictured in main image).

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 filled with luxury developments; Forest City, a housing project for 700,000 people in Malaysia; and Jurong Island in Singapore, which houses chemical and energy facilities.

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 Melbourne-based contract worth S$47 million and expected to be completed in Jan 2019.

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