Singapore

CESC to invest Rs 2000 crore in next 5 years under its expansion plan

CESC to invest Rs 2000 crore in next 5 years under its expansion planRPG Group company CESC Ltd has decided to spend Rs 2000 crore in 3-5 years for strengthening its distribution network.

Recently, the company has tied-up with Singapore-based SP Global Solution (SGPC) for technical assistance in revamping its distribution system.  

Under the arrangement, SPGC, a subsidiary of Singapore Power Group, will offer three-fold consultancy for a year, which will involve strategic planning, technology application and process standardization for the 567-km licensed area of CESC.  

Singapore shares slip lower

Singapore - Singapore share prices slipped lower Monday after having failed to sustain an early morning rally.

Singapore proposes integrated Asian stock market

Singapore proposes integrated Asian stock marketSingapore  - The Singapore Exchange (SGX) has proposed the creation of an integrated Asian stock market, its chief executive officer Hsieh Fu Hua said Monday.

He called on the ASEAN Exchanges and Central Securities Depositories (CSDs) to forge links that can be extended to the entire Asia-Pacific region.

"These multilateral gateways in trading, clearing and settlement will then help us create a single and more significant Asian marketplace," he said at the 12th general meeting of the Asia-Pacific Central Securities Depository Group in Singapore.

Lee Hsien Loong: Americans elected Obama for change

Lee Hsien Loong: Americans elected Obama for changeSingapore  - Singapore Prime Minister Lee Hsien Loong said the President-elect Barack Obama win in Tuesday's elections did not mean race was no longer an issue in the United States.

"People were tired, they wanted something different, and Mr Obama represented something different," the Sunday Times quoted Lee as saying.

Obama's victory marked a "historic change" for America, he said during a community dialogue on Saturday.

Nanny state: Australia bails out child care provider

Nanny state: Australia bails out child care providerSydney - Australia's failed ABC Learning Centres Ltd on Friday got a big cash injection from the government to keep its 1,100 child care outlets open until they can be sold to rival operators.

ABC, with a quarter of the market, provides 120,000 places and employs 16,000 people.

Singapore shares trade lower on gloomy economic outlook

Singapore - Singapore shares dropped sharply Thursday, cooling off from the euphoria over Barack Obama's election as US president the day before as investors expected a recession to hit.

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