Nearly a third of eligible consumers have opted to buy electricity from a retailer since the Open Electricity Market was progressively launched from Nov 1, starting with households mainly in the north-west of Singapore. And the Energy Market Authority (EMA) believes this initial take-up rate will stay the same as the roll-out continues across the […]

New Delhi: EuroSports Technologies (EST), Singapore’s home-grown developer of electric motorcycles, on Friday received $2 million of seed capital from its Singapore-listed parent company EuroSports Global (ESG) to accelerate the development of EST’s Singapore-developed electric motorcycle. The motorcycle, code-named “EST-X”, which combines convenience, performance, and intelligence into a single affordable vehicle package, the company said […]

SINGAPORE: Singapore petroleum company Coastal Oil Singapore Pte Ltd has entered liquidation as of Dec. 13, according to the Accounting and Corporate Regulatory Authority. The company has decided to wind up but no other information was available. Coastal Oil declined to comment when contacted. Coastal Oil is a subsidiary of Hong Kong-incorporated Coastal Holdings and […]

KKR has invested S$45m ($33m) in Singapore-based energy savings business Barghest Building Performance, as the firm peruses its impact investment strategy. BBP provides energy efficiency services for heating, ventilation and air conditioning systems in commercial and industrial buildings. The company has operations across Southeast Asia, China, India and Taiwan. KKR launched its dedicated Global Impact business in 2018 to invest in businesses […]

SINGAPORE, Dec 13 (Reuters) – Shell Singapore, a unit of Royal Dutch Shell, has appointed a new country chairwoman who will assume the position from January next year, the company said in a statement on its website. Aw Kah Peng, who is currently general manager for Shell’s chemicals intermediates business in Asia Pacific, will succeed […]

KKR & Co. is buying a stake of as much as S$45 million ($33 million) in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally. It’s investing as part of a Series B fundraising for BBP, which helps companies throughout Asia reduce electricity consumption by […]

It lagged behind Beijing and Sydney with only around 13 million sqft of certified green space. Singapore came in fifth place across the six major gateway cities in Asia Pacific (APAC) analysed in terms of the largest volume of green office space with approximately 13 million sqft, according to a report by CBRE Research. Shanghai […]

Singapore — The Singapore reforming spread, which measures the difference between FOB Singapore 92 RON gasoline and the FOB Singapore naphtha derivative, tanked to a near eight-year low of $6.58/barrel at 0830 GMT close of Asian trade Tuesday, pressured by thin blending demand thanks to a chronic oversupply of gasoline. The reforming spread was last […]

SINGAPORE, Dec 5 (Reuters) – Singapore’s refinery margins for making gasoline have fallen to their weakest levels in seven years – so low that churning out this key motor fuel has become a loss-making business. Seen as a benchmark across Asia, Singapore margins for 92 RON gasoline against Brent crude oil GL92-SIN-CRK hit minus $1.44 […]

Yesterday, NYK and MTI Co. Ltd. have reached an agreement to participate in a long-term demonstration of tidal energy being sponsored by MAKO Energy Pte. Ltd.* and Sentosa Development Corporation**, which will provide the demonstration site. The demonstration will start next spring in a first-time attempt to commercialize tidal energy in Singapore. 1．Background In accordance […]