Singapore
SATS to acquire Worldwide Flight Services for $1.64b
The acquisition will be immediately financially accretive on a pro forma basis.
SATS to acquire Worldwide Flight Services for $1.64b
The acquisition will be immediately financially accretive on a pro forma basis.
JTC launches site under Industrial Government Land Sales programme
The site is the third of four Confirmed List sites for programme.
Prapakon Thongtheppairot to sit as ThaiBev’s new CFO
He will take on the role on 1 October.
70% of SMEs who adopted quality and standard saw overseas opportunities grow
9 out of 10 SMEs that adopted quality and standard said it provided them with a competitive edge.
Keppel O&M secures $4.03b contract to build offshore vessel
The contract is for a Brazilian oil company.
Singapore is Asia’s capital for cloud-based startups: survey
It is 4th amongst countries with the highest proportion of cloud startups to population globally.
Over 5 in 10 employees will likely leave employers over mismatched values
Singaporeans want their employers to speak up on social, environmental, and political issues.
Keppel acquires Juventas DC from Causeway
The sale totalled $36.1m.
9 in 10 says investing is the best strategy to protect wealth from financial challenges
Inflation is the top financial concern amongst Singaporeans.
Focus on adopting other cleaner vehicle models not only EVs: analyst
Hybrids will also encourage gas stations to adapt to electric vehicles.
Chart of the day: 6 in 10 says Singapore Grand Prix is good for the country
Only 1 in 3, however, said they will follow the race in person or online.
Market update: STI down 1.46%, Emperador is top stock
Philippine beverage firm Emperador led the index.
What is driving demand in the office market?
The market is expected to post a full-year rental growth of around 3% to 5%.
Prime grade office rents up 1.4% QoQ in Q3
Average rent in the Raffles Place / Marina Bay precinct is now at $10.51 psf pm.
Infrastructure providers need to do more to address ‘range anxiety’ on EV adoption
Government subsidies are not enough to raise electric vehicles adoption.
Singapore rises to 3rd place in world competitiveness ranking
In Asia-Pacific, Lion city ranked first.
Keppel unit to explore ammonia-fired gas turbine adoption on Jurong Island
The study will be conducted alongside Mitsubishi Heavy Industries and DNV.
Keppel New Energy, a wholly owned subsidiary of Keppel Infrastructure, will explore the use of 100% ammonia as a fuel for a gas turbine or combined cycle gas turbine (CCGT) alongside Mitsubishi Heavy Industries (MHI) and global independent energy expert, DNV.
The parties will conduct the high-level Quantitative Risk Assessment on Jurong Island.
Under the memorandum of understanding (MoU) signed by Keppel New Energy will study the feasibility of ammonia fuelled power plant, whilst MHI will develop an ammonia-fired gas turbine that produces carbon-neutral power.
DNV, for its part, will lend its assurance and risk management expertise to prepare and present a QRA analysis on the project.
Through the MoU, Keppel, MHI, and DNV aim to draw up robust assessment guidelines to ensure the safety and sustainability of ammonia as a clean fuel, while maintaining high efficiency and low NOx emissions for use in a gas turbine system for power generation.
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