Norway

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

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.

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.

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.
LNG powered car and passenger ferries. Photo provided by Vard Holdings.

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.

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.

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

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.
Is Singapore losing its competitive edge?

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.
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