from the ground Up

by Jessica Cheam, The Straits Times, May 30 2009
CHIPMAKER Chartered Semiconductor Manufacturing denied a report yesterday that it has received a $2.45 billion buyout offer from a Middle East firm.
Speculation about the huge deal had driven Chartered shares up 15 cents – or 7.39 per cent – on Thursday to $2.18.
The firm asked for a [...]

by Jessica Cheam, The Straits Times, May 28 2009
SINGAPORE’S construction sector, the only bright spot in the economy, is not just growing amid the recession but is also improving its quality and standards.
The Building and Construction Authority (BCA) last night handed out a record 151 awards at its annual event held at Suntec City.
This was [...]

by Jessica Cheam, The Straits Times, May 27 2009
MAS all for it to boost governance; rule may be effective from Jan 1
REAL estate investment trusts (Reits) may soon be required by law to hold annual general meetings (AGMs) in a move aimed at boosting corporate governance.
The proposal comes in a consultation paper released by the [...]

by Jessica Cheam, The Straits Times, May 26 2009
NORWEGIAN oil giant StatoilHydro yesterday opened a new office in Singapore to serve as its Asia-Pacific headquarters.
The move reflects Asia’s importance to the firm’s growth, said its executive vice-president Jon Arnt Jacobsen.
The group is the world’s third-largest crude oil trader and company chiefs aim to expand its [...]

by Jessica Cheam, The Straits Times, May 25 2009
THE global solar industry has grown at a phenomenal rate in recent years – and Singapore wants a bigger piece of the pie.
A group of 18 local firms, led by IE Singapore, left for Germany yesterday on the Republic’s “first business mission for green technology”.
The 27-strong delegation [...]

by Jessica Cheam, The Straits Times, May 25 2009
$1.47b deal could be largest public takeover in Asian refining sector
KEPPEL Corp, the world’s top offshore oil rig builder, is selling its entire stake in Singapore Petroleum Company (SPC) to PetroChina for $1.47 billion.
If successful, this could be the largest public takeover in the Asian refining and [...]

Gillman Heights en-bloc deal is on, The Straits Times, May 18 2009
GILLMAN Heights owners can heave a sigh of relief now that the estate’s buyers Ankerite have confirmed that the group will go ahead with the purchase of the development.
Property giant CapitaLand, majority shareholder of Ankerite, told The Straits Times in a statement last [...]

by Jessica Cheam, The Straits Times, May 22 2009
SOLAR panels of different shapes and sizes are finding their way onto Singapore’s buildings as the nation bids to grow its solar industry.
The Economic Development Board (EDB) said yesterday that it has handed out $8 million in grants for public and private solar projects which will develop [...]

by Jessica Cheam, The Straits Times, May 21 2009
TWO key goals will dominate the work of the Ministry of National Development (MND) over the next few years – supporting Singaporeans through the recession and pressing on with efforts to make the Republic an attractive city to live in.
National Development Minister Mah Bow Tan outlined these [...]

by Jessica Cheam, The Straits Times, May 16 2009
Buyers raised issues relating to condo’s management fund
THE troubled $548 million Gillman Heights collective sale that was due to be settled yesterday was stalled by a last-minute hitch.
The sale, which has dragged on for two controversy-wracked years, was supposed to have been signed off by last night [...]