(Source: www.businesstimes.com.sg)

BUYOUT giant KKR is looking at a couple of companies listed on the Singapore Exchange (SGX), said Ashish Shastry, the private equity firm’s head of South-east Asia.

KKR on the prowl at SGX, says its S-E Asia head

Buyout giant KKR is looking at a couple of companies listed on the Singapore Exchange (SGX), said Ashish Shastry, the private equity firm’s head of South-east Asia.

Tengah Air Base undergoes expansion to free up land at Paya Lebar Air Base

Tengah Air Base is being expanded to accomodate some of the assets and facilities from Paya Lebar Air Base, which has been earmarked for future development.

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Leo Yip to take over as head of Singapore civil service from Peter Ong on Sept 1

Singapore’s civil service will get a new head starting Sept 1, when Leo Yip, 53, takes over from current head Peter Ong, 56.

Afro-Asia Shipping, Shimizu to redevelop Robinson Road office block for S$320m

Afro-Asia Shipping (AAS) and Shimizu Corporation Investment and Development Division on Tuesday announced their joint venture (JV) to redevelop Afro-Asia Building, an office block along Robinson Road in Singapore’s Central Business District.

Public sector’s system of managing public funds sound but government agencies can do better: MOF

The Singapore public sector’s overall system of managing public funds remains sound, but there are areas where government agencies can do better by strengthening their financial governance, the Ministry of Finance (MOF) on Tuesday said in response to the FY2016/17 Auditor-General’s (AG) Report.

GLP to develop Adidas’ largest distribution centre in Asia

Just after it announced last Friday that it has accepted a Chinese consortium’s offer for a buyout, Global Logistic Properties (GLP) said on Tuesday that it has signed an agreement with Adidas to develop its largest distribution centre in Asia.

Piracy, armed robbery against ships in Asia at 10-year low: report

The number of incidents of piracy and armed robbery against ships in Asia have fallen to the lowest in 10 years, a half-yearly report by a regional anti-piracy body said.

Corporate Earnings

The STI Today

STI gains 0.24 per cent, crosses 3,300 threshold

Singapore stocks gained for the fourth straight session on Tuesday, as the Straits Times Index (STI) rose by 7.84 points or 0.24 per cent to end at 3,306.08.

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