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Norway
Vard signs LOI to build two environmentally-friendly Viking cruise vessels for $750 mil
SINGAPORE (Apr 4): Vard Holdings has signed a letter of intent (LoI) to design and construct two environmentally-friendly cruise vessels for Viking, a Swiss cruise line which currently operates a fleet of more than 60 vessels, for a potential contract val
April 04, 2018
Vard awarded contracts worth $114 mil to build new-concept stern trawlers
SINGAPORE (Dec 4): Vard Holdings has won contracts worth NOK 700 million ($113.9 million) for the design and construction of seven stern trawlers for four Icelandic shipowners, namely: Bergur-Huginn, Utgerdarfelag Akureyringa, Gjögur and Skinney-Thingane
December 04, 2017
IPO
GIC, Temasek unit said to be among anchor buyers of SBI Life's IPO in India
SINGAPORE (Sept 20): SBI Life Insurance, a joint venture between State Bank of India and BNP Paribas Cardiff, is said to have received strong initial responses to the launch of its initial public offering (IPO) today.
September 20, 2017
Global Markets
Surfing trendsetters can make an economic splash
SYDNEY (MARCH 21): The discovery of a new surf spot allows a lucky board rider to commune with nature unfettered. Yet the inevitable influx of surfing hordes can also spur a burst of economic growth, according to new research.
March 21, 2017
EMAS Offshore to request for suspension of shares on SGX
SINGAPORE (March 6): EMAS Offshore, the subsidiary embattled offshore and marine group Ezra Holdings which is also listed in Norway, announced on Saturday it will be requesting for a voluntary suspension of its shares on the Singapore Exchange.
March 06, 2017
Vard secures construction contracts worth $101 mil in Norway
SINGAPORE (Jan 10): Vard Holdings announced Tuesday that it has secured contracts worth 600 million Norwegian Krone ($101 million) for the construction of two LNG powered car and passenger ferries for Torghatten Nord in Norway.
January 10, 2017
Singapore overtaken by Hong Kong in IMD World Talent Ranking
SINGAPORE (Nov 29): Singapore has fallen out of its position among the top 10 in the IMD World Talent Ranking 2016. The city state fell five places to 15th place while Hong Kong rose two places to take Singapore’s previous rank at 10th position.
November 29, 2016
Rex International says it remains a going concern; embarks on new cash-generating initiative
SINGAPORE (Sept 5): Rex International Holdings says the group’s operations remain a going concern, even as its share price has fallen 47% year to date, hit by falling oil prices, the news of Swiber’s bankruptcy, and the debt woes of other oil and gas
September 05, 2016
Brexit
France warns Brexit would be irreversible, single market access at stake
PARIS (June 23): French President Francois Hollande warned on Wednesday that if Britons voted to leave the European Union it would be an irreversible decision that could seriously jeopardise Britain's prized access to the bloc's single market.
June 23, 2016
Is Singapore losing its competitive edge?
SINGAPORE (May 31): For a nation famed for being “kiasu” (Hokkien for “scared to lose”), Singapore seems to be losing its drive.
May 31, 2016