News

Hyflux races against time in hunt for new white knight; in talks with potential investors, say sources

Potential investors continue to be interested in investing in Hyflux but more time is needed to hammer out any rescue deal, said a source.

Maybank intends to appoint receivers and managers for Tuaspring assets

MAYBANK has terminated its collaboration agreement with Hyflux and Tuaspring, and intends to appoint receivers and managers over the assets of Tuaspring apart from the desalination plant and shared...

Ex-white knight SM Investments sues Hyflux for breaching agreement terms

[SINGAPORE] Former white knight SM Investments (SMI) has said it will be suing debt-laden Hyflux for cancelling the S$530 million rescue deal, it said in a statement on Friday (April 19).

Ex-white knight SM Investments sues Hyflux for breaching agreement terms

The move means both Hyflux and SM Investments will be making a grab for the $38.9 million deposit that was placed in escrow by the latter for the restructuring agreement.

Money FM podcast: Mind Your Business: Top risks SMEs face

According to a recent survey by AON, the inability to meet evolving customer needs and increasing competition are the top risks for Singapore SMEs.

Big businesses bank on crypto tech startups but avoid digital coins

MAJOR finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they're steering clear of the volatile currencies themselves.

Programmes, mentors to help startups take wing overseas

TO HELP local startups expand overseas strategically, Enterprise Singapore is looking to run structured programmes through partnerships with foreign players in the tech and innovation ecosystem, a...

Digitalisation push puts Singapore banks in hiring mode

THE axe may be falling on investment banking staff across the globe, but there're plenty of jobs still unfilled in Singapore banks - you just need to know where to look.

RedMart's vans deliver more than your order

IT MAY be surprising that an online grocer in the business of delivering perishable goods to its customers does not use refrigerated trucks.

PUB issues notice to take over Hyflux's Tuaspring desalination plant

NATIONAL water agency PUB has issued a takeover notice to Tuaspring Pte Ltd (TPL) to take over the desalination plant and terminate its water purchase agreement with parent Hyflux.

 

Emerging Enterprise award

Closes June 1, 2018