Singapore

Ng Yat Chung to succeed the position.

Its return on capital is one of the highest.

Four deals have already been struck this year. Bloomberg Markets reported that after slowing to a trickle the past three years as housing prices fell, four redevelopment deals -- where a group of owners band together to sell entire apartment blocks at a hefty premium -- have been struck already this year, with a combined value of $1.5b (US$1.1b). The process, also known as “en-bloc” sales, allows developers to knock down and rebuild in a city where new residential land sales are tightly controlled by the government. The renewed hunger for land comes as home sales climb after some property restrictions were eased in March. A residential plot last month fetched a record price in a government land sale, with a Chinese consortium bidding $1b. In the biggest en-bloc sale this year, Eunosville, a complex of 10 residential blocks with 330 apartments, sold to Hongkong Land Holdings Ltd.’s MCL Land for $765.8m Read the rest of the story here.  

The site is zoned for commercial and residential use.

It is reducing its stakes in Jilin JVCo to 21%. SATS is lowering its stakes in Jilin Zhong Xin Cheng Food (Jilin JVCo) from 35% to 21% as another investor joins the group and Charoen Pokphand Group (CP) and comes in to pump assets into the Chinese joint venture. According to OCBC Investment Research, whilst SATS’s effective stake is reduced, having two strong strategic partners on board is certainly positive over the longer-term. "Singbridge is experienced in investing into China, and has an ongoing project with the Jilin City Government to develop a sustainable model food zone in Jilin tailored for quality and safe food production in China and the region. CP, on the other hand, has a vertically integrated feed to farm to food operation business with extensive distribution network providing safe food to consumers," it said. The brokerage firm tagged SATS's expertise in operating efficient central kitchens as another positive. "We believe the three partners will be able to tap on each other’s expertise to grow the Jilin JVCo sustainably, providing safe food, which is likely to be in high demand given growing focus and awareness on safe food supply," OCBC Investment Research said.  

Ten of its vessels will be deployed to support projects in Asia and the Middle East.

But it still dominated Asia.

After the 0.8% decline in April.

Its planned listing on China could unlock new streams of growth.

One is in Punggol Central.

It has entered into two separate framework agreements.

Only 4,000 employees were made redundant.

Don't expect any boost from Wall Street today.

Whilst inflation is set to 1.5%.

The two will be integrated on July 25.

And more Singapore construction firms is set to venture overseas. From Bloomberg via Yahoo!: Chalk up another sign Singapore’s housing market is recovering: redevelopment deals are back. After slowing to a trickle the past three years as housing prices fell, four redevelopment deals -- where a group of owners band together to sell entire apartment blocks at a hefty premium -- have been struck already this year, with a combined value of S$1.5 billion ($1.1 billion). The process, also known as “en-bloc” sales, allows developers to knock down and rebuild in a city where new residential land sales are tightly controlled by the government. From Shares Investment via Yahoo!: Amid a challenging economic outlook for 2017, Singaporeans could see tougher times ahead. In February 2017, Singapore’s Department of Statistics reported that families across all income groups saw their earnings rise at a slower growth rate for 2016, as compared to the previous year. A month later, a survey by recruiting company, Hays, revealed that about 46 percent of Singaporean employers expect to give salary increases of between three and six percent, down from 52 percent during the last salary review period. From PropertyGuru: The number of overseas projects secured by local contractors and consultants doubled from 289 projects in 2014 to 594 in 2015, showed the Building and Construction Authority’s (BCA) Construction Export Survey 2016. This comes as more Singapore firms ventured overseas in 2015 at 62 consultancy firms and 38 contractors, up from 26 consultancy firms and 22 contractors during the previous year. Singapore construction firms mostly expanded into India, Myanmar, Thailand, Malaysia, Indonesia and UAE. Despite the rise in overseas construction projects, the total value of overseas contracts secured remained stable at S$1.74 billion in 2015.