Located in the city’s Marine Parade area, the site will comprise 150 apartments, the statement said. The transaction will be completed by the third quarter.
Caprolactam is a major raw material used in the production of polyamide chips that Li Heng needs for its nylon yarn products.
Manufacturing, which accounts for about a quarter of the economy, climbed 9% in December from a year earlier after a revised 40.5% increase in November, the Economic Development Board said in a statement today. The median estimate of 12 economists surveyed by Bloomberg News was for a 16.8% gain. Production grew 29.7% in 2010.
The consumer price index increased 4.6% in December from a year earlier, after climbing 3.8% in November, the Department of Statistics said in a statement today. The median estimate of 13 economists surveyed by Bloomberg News was for a 4.5% gain. Prices rose 0.2% from November, without adjusting for seasonal factors.
It won the contract from Singapore LNG Corporation (SLNG), and expects to complete the project by early 2014. The additional tank will allow the terminal to handle up to 6 million tonnes per year (tpy).
It won the contract from Singapore LNG Corporation (SLNG), and expects to complete the project by early 2014. The additional tank will allow the terminal to handle up to 6 million tonnes per year (tpy).
Hutchison Whampoa Ltd.’s sale of Chinese port assets may raise more than Singapore’s combined 31 initial public offerings last year, boosting the city’s efforts to compete as a financial center.
Hutchison, controlled by Hong Kong billionaire Li Ka-shing, said yesterday it will sell a stake in a trust holding container ports in Hong Kong, Macau and Guangdong province, along with associated businesses and some Chinese river ports. The sale may raise US$6 billion ($7.7 billion), the IFR news service reported yesterday.
Hutchison, controlled by Hong Kong billionaire Li Ka-shing, said yesterday it will sell a stake in a trust holding container ports in Hong Kong, Macau and Guangdong province, along with associated businesses and some Chinese river ports. The sale may raise US$6 billion ($7.7 billion), the IFR news service reported yesterday.
Singapore’s bankruptcy applications last year fell to the lowest level since 1996 as the city- state’s economy rebounded, posting the world’s fastest growth after Qatar.
The number of bankruptcy filings dropped 20% to 2,202 in 2010 from a year earlier, according to data on the Ministry of Law’s website. Bankruptcy applications last year were less than half of the 5,404 cases at the peak in 2003.
Non-oil domestic exports climbed 9.4% from a year earlier, after a revised 9.9% gain in November, the trade promotion agency said in a statement in Singapore today. The median forecast of 14 economists surveyed by Bloomberg News was for an increase of 11.1%. Shipments rose about 23% in 2010, the most in seven years, according to Bloomberg’s calculation using previously reported data.
Non-oil domestic exports climbed 9.4% from a year earlier, after a revised 9.9% gain in November, the trade promotion agency said in a statement in Singapore today. The median forecast of 14 economists surveyed by Bloomberg News was for an increase of 11.1%. Overseas shipments rose about 23% in 2010, the most in seven years, based on Bloomberg’s calculations.
Singapore sovereign wealth fund GIC (GIC.UL) is seeking to sell an office building in Seoul, with an estimated value of up to 1.1 trillion won ($1.27 billion), South Korea’s Maeil Business Newspaper reported in its Wednesday edition.
It bought the Seoul Finance Center for 355 billion won in 2000, breaking ground for Korea property investment as an institutional investor.
The company, controlled by Singapore state investor Temasek Holdings (TEM.UL), participates in 28 port projects around the world with an annual capacity to handle 111 million TEUs.
