construction

SINGAPORE (Aug 22): Civmec, the integrated construction and engineering services provider, announced earnings of $8.4 million for the full year ended June, down by half from the $17.4 million reported in FY16 on lower revenue.

SINGAPORE (Aug 8): SIIC Environment Holdings says its 92.15%-owned subsidiary, Fudan Water Engineering and Technology, has been awarded a build-operate-transfer (BOT) wastewater project by the Housing and Urban Development Bureau in Yuyao City, China, for

SINGAPORE (Aug 8): Engro Corporation, the provider of building materials, reported earnings of $0.9 million for the 2Q17 ended June, down 80.5% from its earnings of $4.5 million in 2Q16.

SINGAPORE (Aug 7): Property developer Wee Hur Holdings reported 2Q17 earnings of $3.3 million, double of the $1.6 million it posted in 2Q16 a year ago on higher other items of income, mainly due to higher translation and fair value gains.   

(Aug 7): There are early signs that a recovery in the local construction sector is underway. Quite a few construction and engineering companies have announced new contracts, and some are even reporting better numbers.

SINGAPORE (Aug 3): Civil engineering group Hock Lian Seng earnings for 1H17 ended June declined to $2.5 million compared to $12.5 million in 1H16 on the absence of joint venture profits in the previous year.

SINGAPORE (July 31): Maybank Kim Eng Research is maintaining its gross domestic product (GDP) growth forecast at 3% in the current year and 2.4% in 2018, while emphasising that the upside risks are now capped by weak job growth.

SINGAPORE (July 21): VP Bank is anticipating a moderate acceleration of Singapore’s economic growth rates to take place in the coming quarters on stronger manufacturing output.

SINGAPORE (July 17): Mainboard-listed construction group Tiong Seng Holdings is acquiring two residential freehold sites along Jervois Road for total consideration of $21 million via a joint venture.

SINGAPORE (July 14): Singapore’s economy grew 2.5% y-o-y in the second quarter of 2017, at the same pace of growth in 1Q17, based on the latest advance estimates from the Ministry of Trade and Industry (MTI).