Singapore

Eagle Hospitality Trust: Far East Consortium not proceeding with acquisition of controlling stake

SINGAPORE – Hong Kong-listed property conglomerate Far East Consortium International (FECIL) will not be proceeding with the proposed acquisition of a controlling stake in Eagle Hospitality Trust’s (EHT) manager, EHT’s manager said in a regulatory filing late on Thursday (July 23). On June 3, EHT had announced that FECIL had inked a non-binding conditional proposal with EHT’s sponsor Urban Commons. ...

Read More »

EMA seeks for two more LNG term importers

This is said to enhance competition and provide more options for gas buyers. The Energy Market Authority (EMA) are looking for up to two new liquefied natural gas (LNG) term importers for Singapore, according to an announcement. The authority has issued a request for proposal (RFP) wherein interested parties may submit proposals until 9 November. The proposals will be evaluated ...

Read More »

ASIA PACIFIC: SINGAPORE’S EMA LOOKING TO APPOINT MORE LNG IMPORTERS

Singapore’s Energy Market Authority (EMA) has issued a Request for Proposals (RFP) to appoint up to two new LNG term importers in order to ‘enhance competition and provide more options for gas buyers’. In a statement issued on Thursday (9 July), the EMA said: ‘Natural gas is one of four switches in Singapore’s Energy Story towards a more reliable, affordable ...

Read More »

Singapore-based Cube Highways, with over 8,500-km projects portfolio, yet to pay NHAI for road assets

Under the TOT model, publicly funded operational highway projects are given on a long-term (between 15-30 years) lease basis to domestic and foreign ‘patient capital’ investors. Singapore-based Cube Highways, with over 8,500-km projects portfolio, yet to pay NHAI for road assets Singapore-based Cube Highways and Infrastructure, an active player in the highway space in India with over 8,500-km projects portfolio, ...

Read More »

EMA seeking more LNG term importers for Singapore

THE Energy Market Authority (EMA) is looking to appoint up to two new liquefied natural gas (LNG) term importers for Singapore. It issued a request for proposal (RFP) on Thursday. The submitted proposals will be evaluated based on the ability to provide a reliable, secure and competitive supply of natural gas to the city-state, EMA said in a press statement. Proposals ...

Read More »

Eagle H Trust locked into exclusive talks with Far East Consortium

Committee in charge of the restructuring says it has had to abandon other expressions of interest Any change in control of the managers would require the consent of the shareholder of the managers, Howard Wu and Taylor Woods. PHOTO: EAGLE HOSPITALITY TRUST Singapore THE special committee taking charge of the restructuring and the strategic review of Eagle Hospitality Trust’s (EHT) business ...

Read More »

Genting’s EBITDA plunged 55% to $146.89m in Q1

Singapore Its flagship property Resorts World Sentosa took a severe hit from the pandemic. Genting Singapore saw its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) crash 55% YoY to $146.89m in Q1 from $329.68m in 2019, an SGX filing revealed. Specifically, the adjusted EBITDA of its integrated resorts business crashed 53% YoY to $159.26m. This was still blamed ...

Read More »

GEN Singapore warns of slow recovery as 1Q rev dips 37pct

The Covid-19 pandemic has been “absolutely devastating to the tourism industry across the world,” including Singapore casino complex Resorts World Sentosa, said its promoter Genting Singapore Ltd in a quarterly business update filed on Wednesday. The firm added its resort had been “severely affected” with disruption starting as early as the end of January, with things “worsening over the quarter”. ...

Read More »

Caring for people with special needs

From left: Mr Saez, Miss Goh and APSN Delta Senior School’s principal Mr Subash Lazar.  Pursuing a Bachelor of Arts (Majoring in Psychology) at James Cook University laid the foundation for Miss Goh Hui Ting to pave a career as a psychologist Growing up with an elder sister who has Down Syndrome inspired 28-year-old Goh Hui Ting to pursue a ...

Read More »