RGE, TotalEnergies to develop solar power plant with battery storage in Indonesia

RGE, TotalEnergies to develop solar power plant with battery storage in Indonesia

[SINGAPORE] RGE and TotalEnergies on Wednesday (May 28) have signed a co-investment agreement to jointly develop a solar power plant with battery energy storage system in Riau Province, Indonesia. The utility-scale project will be developed through their equally owned joint venture Singa Renewables. As part of the Singapore-Indonesia electricity import framework, it will provide both…

Read More

Singapore Paincare receives privatisation offer at S$0.16 per share

Singapore Paincare receives privatisation offer at Salt=

[SINGAPORE] Medical-services company Singapore Paincare has received an acquisition bid for S$0.16 a share from Advance Bridge Healthcare, a management consultancy for healthcare services. This values the company at US$25.7 million, comprising 171 million shares, and represents a premium of 27 per cent over Singapore Paincare’s last traded price of S$0.126 on Monday (May 26).…

Read More

Airbus warns airlines that delays will last three years: sources

Airbus warns airlines that delays will last three years: sources

Published Wed, May 28, 2025 · 10:46 PM [PARIS] Airbus is warning airlines that delays in deliveries will persist for another three years as it works through a backlog of supply chain problems, industry sources said. The cautious tone on deliveries was reinforced at a recent customer gathering in Toulouse and increases pressure on Airbus…

Read More

Indonesia antitrust agency finds risk of monopoly from TikTok’s Tokopedia takeover

Indonesia antitrust agency finds risk of monopoly from TikTok’s Tokopedia takeover

The agency says it found rising market concentration and warned of possible post-acquisition price hikes due to increased dominance Published Wed, May 28, 2025 · 08:17 PM [JAKARTA] Indonesia’s antitrust agency on Wednesday (May 28) said last year’s takeover of the country’s biggest e-commerce platform Tokopedia by TikTok carried a risk of monopoly. TikTok, owned…

Read More

Australia’s new youngest senator elected at 21 with shocking win

Australia’s new youngest senator elected at 21 with shocking win

A woman who turned 21 on the day of Australia’s federal election in May has been declared the nation’s youngest ever senator. And like many female candidates who run for election in Australia, Charlotte Walker wasn’t expected to win. The former union official won the governing center-left Labor Party’s third Senate seat for South Australia state in a complicated…

Read More

CDL, MCL Land marketing Piccadilly Galleria retail podium for sale at lower price of $67.5m

CDL, MCL Land marketing Piccadilly Galleria retail podium for sale at lower price of .5m

[SINGAPORE] Piccadilly Grand’s retail podium is up for sale for S$67.5 million, at a lower price after an earlier expression of interest exercise closed in November 2024.  The ground-floor retail podium, known as Piccadilly Galleria, is part of a 99-year leasehold integrated development developed by City Developments Ltd (CDL) and MCL Land. The project is…

Read More

Exxon enters talks to sell French business for 400 million euros

Exxon enters talks to sell French business for 400 million euros

[LONDON] ExxonMobil entered exclusive talks to sell its entire 82.89 per cent stake in French unit Esso SAF, including a key refinery, to North Atlantic France SAS for about 400 million euros (S$584.2 million). If completed, the deal would significantly diminish Exxon’s presence in France, after the company announced last year that it would shut…

Read More