Projects

China Everbright secures two wastewater treatment projects worth $100 mil

SINGAPORE (June 6): China Everbright Water has secured two projects based in Jiangyin, Jiangsu Province, China, with a total investment of RMB503.6 million ($99.6 million).

The first, dubbed the Jiangyin Lin’gang Economic Development Zone Xili Center Waste Water Treatment Plant and Ancillary Pipeline Network and Pumping Stations Project (Xili Project), comes with an investment of ($95.6 million) and will be constructed and operated based on a build-operate-transfer (BOT) model for a concession period of 30 years.

Sembmarine ends year with 10 completed cruise ship projects, announces 13 new jobs for 2019

SINGAPORE (Dec 17): Sembcorp Marine (Sembmarine) today announced the completion of repair work on Costa Fortuna, a 1,358-cabin vessel operated by Costa Crociere which sailed away from Sembmarine’s Admiralty Yard yesterday.

This marks the company’s 10th and final cruise ship project delivery for 2018.

Other luxury liners that underwent repairs and upgrades at Sembmarine’s facilities over the past 12 months include vessels from the group’s long-term partners Carnival Cruises, Princess Cruises and Royal Caribbean Cruise Line, along with new customer, Norweigian Cruise Line.  

CapitaLand invests $27 mil in co-working operator for new 'office of the future' strategy

SINGAPORE (Oct 2): CapitaLand has, through its subsidiary CL Kingdom Investment (CKI), subscribed for a 50% stake in The Work Project Kingdom (TWPK) for $13.5 million, with the intention of extending shareholder loans through CKI to TWPK.

TWPK owns the intellectual property rights to the brand The Work Project, a design-centric developer and operator of co-working offices in Hong Kong and Singapore.

Together with the subscription amount, the shareholder loans will bring CapitaLand’s total investment in The Work Project to $27 million.

Enterprise Singapore and Bpifrance call for proposals on joint France-Singapore innovation projects

SINGAPORE (Sept 18): Enterprise Singapore and Bpifrance are calling for proposals on joint innovation projects in technological and application areas including advanced manufacturing, clean technology and medical technology.

Enterprise Singapore is a statutory board under Singapore’s Ministry of Trade and Industry, while Bpifrance is the agency charged to help French companies develop by providing assistance and financial support.

China Everbright Water wins $317 mil of contracts under Shangdong water supply project

SINGAPORE (Apr 4): China Everbright Water says it has secured three sub-projects worth a total of RMB1.522 billion ($317 million) under the Ji'nan Zhangqiu Urban-Rural Integration Water Supply Project in the Shandong Province of China.

To recap, Everbright Water won the bid for the overall integration project in March 2017, which comprises various sub-projects and is estimated to command an investment of approximately RMB3.1 billion.

Jokowi roots for private investment as Freeport dispute lingers

JAKARTA (Oct 17): Indonesia will turn to private investors for the hundreds of billions of dollars in investment needed to develop the archipelago’s infrastructure and natural resources, President Joko Widodo said, brushing off claims he was increasingly becoming an economic nationalist.

Thailand to kick start $61 bil economic revamp before polls

BANGKOK (Sept 28): Thailand’s military government is looking to start construction of projects under a 1.5 trillion baht ($61.2 billion) investment plan before the country’s possible return to democracy late next year.

Enabling laws for the so-called Eastern Economic Corridor initiative should be in place by the end of 2017 to bolster investor confidence, and construction of some of the planned infrastructure could begin next year, Kanit Sangsubhan, the secretary-general of the office overseeing the plan, said in an interview.

Raffles Medical Group acquires land to develop hospital in Chongqing

SINGAPORE (April 3): Raffles Medical Group (RMG) has acquired a 28,000 sq m plot of land in the New North District of the Liangjiang New Area in Chongqing, China, on which it intends to develop a 700-bed international tertiary general hospital.

This follows the group’s signing of a memorandum of understanding (MoU) last month to explore cooperation between itself and China’s Chongqing Liangjiang New Area Administrative Committee on healthcare-related projects.

Raffles Medical Group to ‘explore cooperation’ with Chinese administrative committee

SINGAPORE (Feb 27): Raffles Medical Group says it has entered into a memorandum of understanding (MoU) to “explore cooperation” between itself and China’s Chongqing Liangjiang New Area Administrative Committee on “healthcare-related projects”.

Established in mid-2011, Chongqing Liangjiang New Area is China’s first state-level development area in inland China.

Together with its financial statement last Monday, the group had noted that some multinational corporations (MNCs) have begun consuming the group’s medical services outside Singapore, such as in Shanghai and Beijing.

MAS, polytechnics sign MOU to boost fintech skills development

SINGAPORE (Oct 3): Financial technology (fintech) skills development is set to get a boost with the Monetary Authority of Singapore (MAS) today signing a memorandum of understanding (MOU) with the five local polytechnics.

The MOU provides a framework to review and enhance the curriculum over the next three years to prepare polytechnic graduates for new emerging fintech jobs.

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