Business Times

CONSTRUCTION and engineering services provider Civmec announced on Monday (Jan 9) that it has secured a A$330 million (S$304 million) contract for mining ...

GERMANY'S real estate market took a deep hit in the fourth quarter, as investors shied away from deals on the back of soaring financing costs.

The next round of competition in green energy revolves around a device called an electrolyser. Over 40% of them today come from China.

US and European companies focus on “solid oxide” and “proton-exchange membrane” (PEM) electrolysers that have a higher initial cost but need less electricity – a big selling point in places where electricity is expensive. Not in the foot – in the head.” And yet, some hydrogen advocates say the European Union isn’t following through, putting it at a disadvantage to both the US and China. The US is determined not to let China control this new energy boom, and Biden’s Inflation Reduction Act showers money on domestic hydrogen production. Companies around the world are already revving up electrolyser production, green hydrogen plants are under construction, and the industry is finally making the leap from pilot projects to industrial scale. As the world sprints to decarbonize, the next round of competition revolves around a device called an electrolyser.

NTUC's vision of the progressive wage model extends beyond lower-wage workers into technical sectors, said secretary-general Ng Chee Meng.

But he stressed that the labour movement is not the Government and does not set national policy, including on the scope of the PWM. Mr Ng also said NTUC had a part in fostering a “just transition” to a green economy, which would avoid large-scale and unfair replacement and displacement of workers. We are trying to paint this space for the young worker.”

TOKYO – Japanese e-commerce giant Rakuten Group is back in the United States junk bond market to shore up more cash for its struggling mobile unit and help ...

“The company could eventually sell minority stakes in its profitable businesses, though this increases cash leak.” Its highly leveraged mobile unit also might need more cash to support its subscriber ramp-up plan. The Morgan Stanley-led offering is expected to price later in the week. “Rakuten Group and (Thai telco) Advanced Info Service could be most vulnerable, in our scenario.” Rakuten’s new notes may also be redeemed at a make-whole price discounted with the applicable US Treasury rate plus 50 basis points prior to Nov 30, the source added. Average yields for BB-rated borrowers now stand at 6.77 per cent, according to Bloomberg-compiled data.

Mr George Yeo underscored the role that the Asean can play in global affairs by helping to break down barriers and facilitate discussions.

He added: “This is the kind of role that Asean can play. The closer we are to China, the more we see our (trade) accounts growing, the more uncomfortable we are that our economy will be circumscribed.” It was held as an in-person event for the first time since the Covid-19 pandemic began. “It does not mean that because we are close to China, we are not close to them. Hardly any progress has been made on these plans. [who is now in jail,](https://www.straitstimes.com/asia/se-asia/myanmar-court-finds-suu-kyi-guilty-on-remaining-charges-adds-7-years-to-her-sentence) will have to be part of the solution.

SINGAPORE - Manhattan House has been launched for collective sale by tender with a $280 million reserve price, sole marketing agent JLL said on Tuesday.

Manhattan House is in the vicinity of Chinatown and Outram Park MRT stations. However, JLL said the site may be rezoned to “residential with commercial at the first storey” following advice from URA. This implies a land rate of about $1,715 per sq ft per plot ratio at a base gross plot ratio of 5.03875, after factoring in the lease top-up premium and a land betterment charge.