The Business Times
business-time-50

Corporate digest

google-preferred-sourceAdd BT as a preferred source
Published Wed, Nov 27, 2019 · 09:50 PM

Hyflux

WATER treatment firm Hyflux's subsidiary has been discharged from a contract for a desalination package in Iran. The subsidiary, Hyflux International Pte Ltd (HIPL), was replaced by Horsol Switz Engineering Asia Pte Ltd in the contract.

The project would have seen HIPL designing, manufacturing and supplying a seawater reverse osmosis desalination package. HIPL had suspended the contract last October after the US reimposed sanctions on Iran, which resulted in HIPL being unable to maintain the requisite banking support to receive payment for works to be done under the contract.

Corporate Digest

TRENDING NOW

Ng Khee Siong joined Inchcape in 2019; he was confirmed as managing director in November 2023.

Ng Khee Siong, managing director of Borneo Motors parent Inchcape Singapore, resigns

Employees may grumble about long hours, difficult clients or demanding deadlines, but often the biggest push factor is how they are treated.

What makes a good job? Feeling that you matter

Although aluminium’s price has eased recently on the expected return of Middle Eastern supply, analysts believe that it is likely to remain elevated in the near term.

Resilient aluminium prices set to boost Asia’s smelters over global rivals: analysts

As at June, central banks were still buying gold, which reinforces its role as a reserve asset outside the US dollar system, according to a report by HSBC.

Gold has fallen over 20% since 2026’s peak – but is it a ‘buy’? Here are the latest target prices

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More