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Dec 26, 2024 · When OKH Global announced it wanted to acquire the construction business of privately held Acrophyte (formerly known as Chip Eng Seng Corp) from its own controlling shareholders, it disclosed that the target’s construction order book as at June 30 was “in excess of $2 billion — a big jump from the last disclosed order book of $1.36 billion as of end 2021.

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Nov 19, 2024 · "Amidst the improving conditions in the offshore rig market, with some segments benefitting from utilisation rates of about 90% and improving day rates, securing control over the management and monetisation of our legacy rigs will enable us to reduce our risks as a substantial creditor to (Rigco), and better realise the potential of its assets," says Loh.

Dec 22, 2024 · SingPost shares on Dec 23, in reaction to the news, dropped by more than 10% to close at 50 cents. Under Phang, SingPost is in the midst of executing a strategic review where most recently on Dec 2, it announced the sale of Australian assets held under an entity called Freight Management Holdings (FMH) to Pacific Equity Partners for an enterprise value of A$1.02 billion, or $ 897.6 million.

Nov 15, 2024 · Resorts World Sentosa (RWS) has broken ground on its new waterfront lifestyle development. The event on Nov 15 was officiated by guest of honour Alvin Tan, Minister of State for Trade and Industry, and Culture, Community and Youth.

Dec 5, 2024 · Chris Ong, CEO of Seatrium, would know. When Ong became the CEO of the merged Sembcorp Marine . (SembMarine) and Keppel Offshore and Marine (Keppel O&M) in February 2023, he had his job cut out for him.. The O&M industry had been in a prolonged downturn since 2015.

Nov 26, 2024 · Trust’s announcement follows an update from GXS Bank on Nov 20, which shared that it is looking to introduce an investment product suite.. Group CEO Muthukrishnan Ramaswami said at a media roundtable that the service will allow the bank’s customers to invest in low risk, mostly fixed-income based unitised funds providing better returns than a …

Nov 22, 2024 · The consolidation of businesses under his wing marks the latest in a series of restructurings undertaken by the once-dominant internet pioneer, which hasn’t consistently delivered since Beijing in 2020 launched a sweeping crackdown on Alibaba and its peers.

Dec 26, 2024 · No one should underestimate the enormity of the challenges the city-state will face in the coming years. Some of the fundamental prerequisites for Singapore’s well-being will be at risk — such as a peaceful world and continued globalisation.