Singapore Technologies Engineering (ST Engineering) has clinched orders totaling $4.7 billion in the fourth quarter of FY2025, elevating its total order book for the fiscal year to a substantial $18.7 billion. This figure represents a significant 49% increase compared to the $12.6 billion recorded in FY2024. The largest portion of the new contracts secured in 4QFY2025, amounting to $2.5 billion, was contributed by its defence & public security division. A recent key development includes a contract awarded by Singapore for the construction of next-generation infantry fighting vehicles, which analysts at CGS International estimate to be valued between $1 and $2 billion. Furthermore, ST Engineering secured additional international orders from overseas customers for 40mm and 120mm ammuniti

Seatrium has confirmed the successful handover of the FREDERICK PAUP, the largest self-propelled trailing suction hopper dredge in the United States, constructed for Manson Construction Co. Destined for operations in Mobile, Alabama, this Jones Act-compliant vessel will play a crucial role in maintaining the nation's navigation channels, beach nourishment initiatives, and coastal restoration programs. It will further support the US Army Corps' objective of achieving a 70% beneficial reuse rate for dredged materials by the year 2030. A vessel that complies with the Jones Act is one constructed in the US, predominantly owned by US citizens, staffed primarily by a US crew, and registered under the US flag. Measuring 420 feet long and 81 feet wide, with a capacity exceeding 15,000 cubic yards,

Frasers Centrepoint Trust (FCT) has announced a committed occupancy rate of 98.1% for the first quarter of FY2026 ended December 31, 2025, remaining stable quarter-on-quarter. Following the quarter's end, the REIT's occupancy is projected to climb to 99.9%, driven by the successful leasing of the former cinema spaces at both Causeway Point and Century Square. Measured by net lettable area, FCT's weighted average lease expiry (WALE) decreased to 1.7 years from 1.8 years in the preceding quarter. However, when calculated based on gross rental income, the WALE held steady at 1.8 years, showing no change from the previous quarter. During 1QFY2026, FCT's aggregate leverage ratio increased to 40.3%, up from 39.6% recorded at the end of September 2025. Conversely, the interest coverage ratio impr

AIMS APAC REIT (AAREIT) has successfully issued $150 million in subordinated perpetual securities, carrying a 4.10% coupon rate. This issuance was executed under its established $750 million multicurrency debt issuance program. These perpetual securities, designated as Series 005 Perpetual Securities, were brought to market with DBS, OCBC, and UOB acting as the joint lead managers and bookrunners for the transaction. The securities are scheduled to be officially listed on the Singapore Exchange Securities Trading Limited (SGX-ST), with admission expected to take place at 9 a.m. on January 22. On January 21, units of AIMS APAC REIT concluded trading one cent lower, representing a decline of 0.649%, to close at $1.53. $(O5RU.SI)$

On January 22, Frasers Hospitality unveiled Modena by Fraser Shenzhen, a premium rental apartment complex in Shenzhen's Luohu district featuring 325 rooms. This launch signifies the debut of the refreshed Modena by Fraser brand experience and represents the group's inaugural investment in the premium rental apartment market. The 16-story property is housed within the 54-story Shennan 1001 building and is under the management of Frasers Hospitality. The asset, secured on a 40-year lease that runs until 2057, was acquired in a joint venture with Tishman Speyer in May 2023. Modena by Fraser Shenzhen provides nine distinct room types, ranging from compact studios spanning 269 to 334 square feet to more spacious two-bedroom executive apartments measuring between 947 and 1,109 square feet. The a

Seatrium finds itself embroiled in another legal dispute. Shortly after finalizing an agreement with Maersk for an offshore wind farm project, the company has initiated arbitration proceedings against its project partner Aibel, seeking 180 million euros due to disagreements over revenue and cost allocation. In a countermove, the Norwegian firm Aibel is filing a claim for 113 million euros. The origins of the dispute trace back to 2019, when Keppel Offshore and Marine, prior to its merger with Sembcorp Marine to form Seatrium, secured a contract to construct the 900MW DolWin 5 offshore converter platform. Keppel O&M won this contract as part of a consortium with Aibel, with TenneT Offshore acting as the customer. According to an announcement from Keppel on May 7, 2019, the company's sha

Singapore's construction demand is projected to reach between $47 billion and $53 billion in nominal terms for 2026, maintaining the same forecast range as for 2025. This sustained demand will be fueled by major projects including the development of Changi Airport Terminal 5, the expansion of Marina Bay Sands, the construction of the New Tengah General & Community Hospital, and the Downtown Line 2 extension, according to National Development Minister Chee Hong Tat on January 22. Looking further ahead, annual construction demand is anticipated to range from $39 billion to $46 billion each year from 2027 through 2030, consistent with the medium-term outlook provided last year for the period of 2026 to 2029. "However, we must guard against complacency," Chee stated in his opening address

Oversea-Chinese Banking Corporation (OCBC) (SGX:O39) is creating a specialized securities financing unit to serve its institutional clientele. The new division will enable institutional customers to generate fee-based revenue by lending their underutilized securities portfolios. Clients of the bank, along with those of its subsidiaries OCBC Securities, Bank of Singapore, and Great Eastern, will gain access to this service for lending their equity and fixed income holdings. OCBC emphasizes that it is the pioneering Singaporean bank to provide such an offering. "Efficient access to liquidity and optimal capital deployment have become paramount, particularly amid heightened market volatility," stated Kenneth Lai, Head of Global Markets at OCBC. Lai noted a significant increase in institutiona

The OCBC SME Index climbed to 50.8 in the fourth quarter of 2025, a slight increase from the 50.5 reading observed over the previous two quarters, marking its third straight quarter in expansionary territory. According to Elaine Heng, OCBC’s head of global commercial banking, externally oriented small and medium-sized enterprises (SMEs) generally outperformed those focused on the domestic market. Mirroring the third quarter, SMEs in sectors such as manufacturing, information and communications technology (ICT), and wholesale trade continued to be the primary growth drivers. Heng noted that while the growth momentum from the fourth quarter could extend into the initial months of 2026, the full-year outlook for 2026 is likely to moderate due to a high base of comparison from 2025, coupled wi

Fullerton Fund Management has bolstered its position in SATS Ltd, acquiring 330,300 shares through a market transaction on January 12. The purchase, amounting to $1,261,911.15, elevated Fullerton's deemed interest in the company from 39.99% to 40.01%. Fullerton operates as an independently managed portfolio company under Temasek Holdings. On January 16, SATS shares concluded trading at $3.85, marking a decline of 5 cents or 1.282%. $(S58.SI)$

Mapletree Industrial Trust (MIT) has been assigned "AA-" credit ratings with a stable outlook by both Japan Credit Rating Agency (JCR) and Rating and Investment Information (R&I). JCR has issued a "AA-" foreign currency long-term issuer rating, along with a "AA-" rating for local currency long-term issuer for MIT. The rationale behind JCR's rating is that MIT's sponsor, Mapletree Investments, identifies data centres as one of its four core business sectors. Given that MIT's primary investment strategy focuses on acquiring data centres across various global markets, it is well-positioned to benefit from Mapletree Investment's close collaboration and continuous support in property acquisitions and management. JCR observes that as of the end of September 2025, MIT's portfolio constitutes

Mapletree Investments and Mapletree Pan Asia Commercial Trust (MPACT) have selected SP Group to design, construct, and manage a new distributed district cooling (DDC) system within the HarbourFront precinct. This initiative aligns with Mapletree's overarching goal to achieve net-zero emissions by the year 2050. The project represents one of Singapore's most extensive brownfield district cooling deployments, linking five key buildings—Bank of America HarbourFront, the new HarbourFront Centre, the existing HarbourFront Towers 1 & 2, and VivoCity. The system will deliver chilled water via three separate injection nodes. This centralized approach replaces the conventional model where each building operates its own chiller. By tapping into a shared system that consolidates cooling demand, t