SMEC

Briefs: New entrants to SGX's watchlist; Surbana Jurong's SMEC may back US$150 bil plan to build 123 new African cities - THE EDGE SINGAPORE

Global Economy

Briefs: New entrants to SGX's watchlist; Surbana Jurong's SMEC may back US$150 bil plan to build 123 new African cities

"Banks do not actively gather customer deposits just to park them at the central bank as a business strategy": Fitch Ratings
Surbana Jurong joins Australia-Asia Powerlink, project can supply 15% of Singapore's power needs from 2028 - THE EDGE SINGAPORE

Sustainability

Surbana Jurong joins Australia-Asia Powerlink, project can supply 15% of Singapore's power needs from 2028

The project is expected to begin construction from late 2023, with the first supply of power expected here in 2027.

Surbana Jurong acquires SMEC for $400 mil

SINGAPORE (Aug 2): Singapore-based Surbana Jurong has acquired a 100% stake in Australia-based SMEC Holdings for $400 million.
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