Corporate digest
Pacific Star Development
PACIFIC Star's wholly owned subsidiary, PSD Singapore Pte Ltd, has signed a non-binding memorandum of understanding with PT Kukuh Mandiri Lestari to jointly develop mixed-use high rise developments on 10 hectares of prime sea-front land in Pantai Indah Kapuk 2 (PIK 2) in Jakarta, Indonesia.
PIK 2 marks the second phase development and extension of the Pantai Indah Kapuk project and will be developed into an integrated township.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly