SG Morning Call|Swift Tour Prompts Economists to Upgrade Singapore GDP Forecast
@TigerNews_SG:
Stocks to WatchSembcorp Industries (U96): India’s SJVN, a state-owned power producer, has awarded a 440 megawatt (MW) wind-solar hybrid power project to Sembcorp Industries’ wholly owned renewables subsidiary.The build-own-operate project is part of a 1.5 gigawatt (GW) bid issued by SJVN in September 2023. Power generated from the project will be sold to the power producer under a 25-year power purchase agreement, Sembcorp said on Monday (Mar 11).It expects the project to be commercially ready for operation within 24 months of signing the power purchase agreement. It will also fund the project through a mix of internal funds and debt.City Developments (C09): The property developer City Developments (CDL) on Friday initiated share buybacks for its ordinary shares on the open market at an av