from the ground Up

A NEW player is about to enter Singapore’s fledgling biofuels industry – which the Government recently singled out as a strong growth engine. Catalist-listed ArianeCorp, formerly Vikay Industrial, has announced that a United States investor will invest up to $248 million in a stake in the firm at 6.5 cents a share as part of a biofuels project in Indonesia.

THE phrase “getting a home is like striking the lottery” is used to describe the Singapore housing scene these days – and no wonder.
If the Housing Board’s (HDB’s) latest sale is anything to go by, it is getting harder to hit the jackpot.
A sale that closed this week for just 316 flats attracted an unprecedented 5,147 applications – and this was for traditionally less attractive estates Hougang, Punggol and Sengkang.