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CNOOC unit launches regional HQ in Singapore

SingaporeTO TAP Singapore's established marine & offshore ecosystem and expand its business in South-east Asia, China Oilfield Services Limited (COSL), a subsidiary of China's largest offshore oil & gas producer, China National Offshore Oil Corporation (CNOOC), on Friday launched its regional headquarters in Jurong Industrial Estate.This marks the first time a Chinese oilfield services company...


GIC targets US industrial properties in $10.6b deal

SINGAPORE investment firm GIC has set its sights on warehouses and distribution centres in the United States with the acquisition of IndCor Properties from private equity giant Blackstone Group. GIC and various affiliates have inked an US$8.1 billion (S$10.6 billion) deal for IndCor, which owns 117 million sq ft in industrial properties across the US. A GIC spokesman yesterday confirmed the...


S'pore office market fundamentals top in Asia-Pac

SingaporeSINGAPORE offers the strongest office market fundamentals for Grade A office space among core Asia-Pacific markets, in terms of rental growth as well as low vacancies for next year, according to Cushman & Wakefield.This follows a strong showing by the Republic this year.Cushman's 10.88 per cent estimated growth in its average Grade A office rental value this year is the highest among the...


Big praise for small firms at E50 Awards

IN BUSINESS, being small may seem like a weakness, but firms can turn their modest scale into an advantage, said Mr Lim Swee Say, Minister in the Prime Minister's Office, yesterday. "Big is not necessarily better than small, but fast is certainly better than slow... Be nimble, adapt to change and turn the common challenges we all face into unique opportunities for your businesses," he said,...


Businesses like banks, gyms can operate in some industrial areas

COMMERCIAL businesses such as minimarts, banks, clinics and fitness centres can now operate out of certain industrial buildings. This is part of new guidelines, drawn up by the Urban Redevelopment Authority (URA), the Ministry of Trade and Industry and economic agencies. They affect buildings in "outlying industrial estates which are located far from existing commercial nodes". These areas...


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