construction

Update

Pan-United to reduce CO2 emissions with clean tech from Canada

SINGAPORE (Nov 19): Pan-United Corp, the cement and ready-mixed concrete supplier, is introducing technology from Canadian cleantech company CarbonCure in a bid to potentially save over 4,000 tonnes of carbon dioxide (CO2) emissions annually at each of it

Sapphire Corp secures $87.2 mil engineering & construction contract in Hangzhou

SINGAPORE (Sept 17): Sapphire Corporation has secured a contract valued at RMB 436 million ($87.2 million) for the engineering and construction of core infrastructure structures for an urban subway system in Hangzhou, China.

VARD announces $840 mil contract win after delay in delisting EGM

SINGAPORE (June 25): VARD Holdings has secured a contract worth over NOK 5 billion ($840 million) to construct three coast guard vessels for Norway’s Norwegian Defence Materiel Agency (NDMA), an agency directly under the Royal Norwegian Ministry of Defe

Keong Hong foresees ongoing projects to be unaffected by MOM foreign worker hiring freeze

SINGAPORE (June 5): Keong Hong Holdings says it has taken “immediate corrective actions” to prevent further infringements of Ministry of Manpower (MOM) regulations regarding workers’ accommodation.

Tiong Seng awarded $48 mil contract for MOH polyclinic project

SINGAPORE (May 21): Tiong Seng Holdings, the construction group and property developer, has been contracted to construct a 10-storey polyclinic and long-term care facility building for the Ministry of Health (MOH) for $47.68 million.

Results

Tiong Seng's 1Q earnings up fivefold to $4.9 mil on improved margins

SINGAPORE (May 14): Tiong Seng Holdings reported 1Q18 earnings of $4.9 million, up nearly fivefold from its earnings of $1 million a year ago due to improved profit margins. 

In print this week

Will construction stocks return to glory this year?

SINGAPORE (May 4): Following a prolonged period of lacklustre profitability, a large swathe of constructions stocks are currently trading below their book values while the operating backdrop for the local construction players appears to be improving.

Sapphire partners Haitong Singapore to explore regional finance & investment opportunities

SINGAPORE (Apr 25): Sapphire Corporation has inked a memorandum of understanding (MoU) with Haitong International Securities Group (Singapore) to explore capital markets opportunities in the region.

Civmec employee dies in accident at Western Australia waste treatment plant

SINGAPORE (Apr 20): Civmec Construction and Engineering, the heavy engineering and construction provider, says one of its workers has died onsite at the Woodman Point Wastewater Treatment Plant in Munster, a suburb in Perth, Western Australia.

Results

Lian Beng reports 21% fall in 9M earnings to $17 mil on lower revenue

SINGAPORE (Apr 12): Lian Beng Group announced earnings of $16.8 million for the nine months ended Feb 2018, down 20.6% from $21.2 million a year ago on lower revenue, higher costs and expenses, as well as lower results of associates and joint ventures.  
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