TSMP Law adds China desk, new staff and partners

SINGAPORE law firm TSMP has kickstarted the new year with new partners, new hires and a new desk for Chinese business, as it sets its sights on taking on a larger volume of international work.

Hyflux's TuasOne may get early injection of S$23m from Mitsubishi

INSOLVENT water treatment company Hyflux's ongoing TuasOne waste-to-energy (WTE) project will get an early injection of an additional S$23 million equity already committed from Mitsubishi Heavy Industries (MHI) if there is a firm deal between the parties by end of the month...

TuasOne to get S$23m equity injection if Hyflux, Mitsubishi Heavy Industries ink binding deal by January

DEBT-RIDDEN water treatment company Hyflux would see additional equity injection of S$23 million from Mitsubishi Heavy Industries (MHI) into TuasOne waste-to-energy project if the two parties enter into a binding agreement by the end of January.

Stocks to watch: Oxley, Hanwell, OUE Lippo Healthcare

THESE companies have seen new developments that may affect trading of their shares on Friday:

Singtel and YTL unit tie up to launch power reseller

TELECOMMUNICATIONS heavyweight Singtel has ventured into the electricity reselling business, under a tie-up with YTL PowerSeraya's integrated energy provider unit Geneco...

YTL PowerSeraya names ex-CEO to succeed retiring chief

CHIEF executive officer (CEO) of YTL PowerSeraya Chan Swee Huat will retire on Jan 15 and he will be succeeded by the energy producer's former CEO John Ng Peng Wah...

Gojek's ride-hailing app available to all consumers in Singapore

RIDE-HAILING service provider Gojek has opened its app to give immediate access to all customers in Singapore.

YTL PowerSeraya helmsman retires; ex-CEO named successor

CHIEF executive officer (CEO) of YTL PowerSeraya Chan Swee Huat retires on Jan 15 and he will be succeeded by the energy producer's former CEO John Ng...

Singtel resells electricity plans through Singtel Power

TELECOMMUNICATIONS heavyweight Singtel has ventured into the electricity reselling business, under a tie-up with YTL PowerSeraya's integrated energy provider unit Geneco...

Gojek's ride-hailing app available to all consumers in Singapore

RIDE-HAILING service provider Gojek has opened its app to give immediate access to all customers in Singapore.

Obike creditors' meeting to be held on Jan 23 at Shaw Tower

A MEETING has been arranged on Jan 23 for liquidators of the defunct bicycle-rental firm oBike to keep creditors updated on the status of the winding-up.

CDL prices S$125m of five-year notes at 3% coupon; 96 bps over 5-year SOR

CITY Developments (CDL) has priced S$125 million of five-year notes at a fixed coupon of 3 per cent under its S$5 billion medium-term note programme, according to data released by bookrunner DBS Bank on Wednesday.

Companies' bill payments worsen for 3rd straight quarter

LOCAL firms' payment performance deteriorated in the last quarter of 2018, making for three straight quarters of worsening...

ESR, AXA IM and sovereign fund in logistics venture

ASIA-PACIFIC logistics real estate platform ESR, AXA Investment Managers - Real Assets (AXA IM), and a major sovereign wealth fund have entered into a logistics joint venture, and have acquired for US$1 billion six logistics properties in Japan completed by ESR.

Nasdaq-listed Equinix to invest US$85.3m to build fourth data centre in Singapore

NASDAQ-LISTED Equinix plans to build a fourth data centre in Singapore at an initial cost of US$85.3 million.

Equinix will invest US$85.3m to build 4th data centre in Singapore

NASDAQ-listed Equinix plans to build a fourth data centre in Singapore at an initial cost of US$85.3 million.

Singapore firms' payment performance worsens for third straight quarter in Q4 2018

THE last quarter of 2018 saw a deterioration in local firms' payment performance for three straight quarters, and more companies were also slow in payment compared to the last quarter a year ago, according to Singapore Commercial Credit Bureau (SCCB)...

ESR, AXA IM and sovereign fund form joint venture; buys 6 logistics properties in Japan for US$1b

ASIA-PACIFIC logistics real estate platform ESR, AXA Investment Managers - Real Assets (AXA IM), and a major sovereign wealth fund have entered into a joint venture, and have acquired for US$1 billion six logistics properties in Japan completed by ESR.  
OPENING OF THE LEGAL YEAR

CJ to hold dialogues to tap collective wisdom for profession's future

CHIEF Justice Sundaresh Menon will be starting a new round of dialogues to find the best course of action for the future of the legal profession in an attempt to counter the triple forces of globalisation, technology and growing commercialisation of the law, which are dramatically altering the...
OPENING OF THE LEGAL YEAR

Law Society chief, three others appointed senior counsel

PRESIDENT of the Law Society, Gregory Vijayendran, and three others were appointed senior counsel yesterday.

Singapore public can resolve motor accidents disputes online from year-end

AN online dispute resolution platform for motor accident claims is expected to be launched in phases at the end of this year, Chief Justice Sundaresh Menon announced at the opening of the legal year on Monday.

President of The Law Society of Singapore, 3 others named senior counsel

PRESIDENT of Singapore's Law Society Gregory Vijayendran and three others were appointed senior counsel on Monday...
OUTLOOK 2019

Brent prices likely to rise, but not enough to hasten O&M recovery

OUTPUT cuts by the Organisation of the Petroleum Exporting Countries (Opec) and its allies may have fuelled expectations of oil prices rebounding to between US$65 and US$80 a barrel this year, but the recovery of the moribund Singapore offshore and marine (O&M) sector is unlikely to kick into...

Dividends reinvestments lift STI annualised 10-year returns to 9.2%

THE Straits Times Index (STI) generated annualised total returns of 9.2 per cent over 10 years from end-2008 to end-2018, thanks to the boost from reinvestment of dividends.

STI generates 9.2% annualised total return in 2009-2018 period: SGX

THE Straits Times Index (STI) generated annualised total returns of 9.2 per cent in the period 2009-2018, thanks to the boost from reinvestment of dividends.