The triple shock of the pandemic, disruptive tech and climate change is pushing Singapore to rewrite one of the world’s most successful economic models. Over the past two years, at least eight state-linked companies have announced major mergers, acquisitions, asset disposals or privatizations in t...

Sembcorp Marine (SembMarine) announced, on Jan 6, that it has successfully completed the Vito Regional Production Facility (Vito RPF) for Shell Offshore Inc. Vito RPF is SembMarine’s first floating production unit newbuild, making this a milestone in SembMarine’s newbuilding track record. The ...

In 2022, DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong estimate that Singapore’s gross domestic product (GDP) will grow to 3.5%. Inflation during the year may average around 2.4%, predict the analysts in a Jan 3 report. “2022 is the year where investors juggle between...

UOB Kay Hian Research has added OCBC Bank to its alpha picks portfolio for the month of January. The move comes after the team’s portfolio saw a flat month in December, which stood 0.2% higher month-on-month (m-o-m), compared to the benchmark Straits Times Index’s (STI), which grew 2.7% m-o-m. â...

SEMBCORP Marine's (Sembmarine) wholly-owned subsidiary PPL Shipyard (PPLS) has agreed in principle to defer US$800 million in receivables from Borr Drilling for 2 years from 2023 to 2025, the marine and offshore engineering group announced on Tuesday (Dec 28).

Sembcorp Marine's wholly-owned subsidiary, PPL Shipyard (PPLS), has reached an in-principle agreement with Borr Drilling Limited to defer PPLS’ receivables from Borr Drilling from 2023 to 2025. The balance amount of US$800 million was scheduled to mature on May 1, 2023, and a majority of the inter...

SEMBCORP Marine's (Sembmarine) wholly-owned subsidiary PPL Shipyard (PPLS) has agreed in principle to defer US$800 million in receivables from Borr Drilling for 2 years from 2023 to 2025, the marine and offshore engineering group announced on Tuesday (Dec 28).

THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 28):

SEMBCORP Marine (Sembmarine) on Friday (Dec 24) announced that its wholly-owned subsidiary Jurong Shipyard has received a notice of commencement of arbitrations from a vendor over 4 separate contracts.

SEMBCORP Marine (Sembmarine) on Friday (Dec 24) announced that its wholly-owned subsidiary Jurong Shipyard has received a notice of commencement of arbitrations from a vendor over 4 separate contracts.