The Straits Times
Phase 2 of underground highway for used water to be financed through borrowing: MOF
The Deep Tunnel Sewerage System will be one of the nationally significant infrastructures that the Government intends to pay for through borrowing.PHOTO: LIANHE ZAOBAO
Second Minister for Finance Indranee Rajah (left) and Minister for Sustainability and the Environment Grace Fu (centre) during a site visit to the DTSS Phase 2 on April 19, 2021.ST PHOTO: AUDREY TAN
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Ascendas REIT is adding the Croydon Data Centre in London to its portfolio
Singapore’s Ascendas REIT is stepping up its server-hosting portfolio in a big way with the acquisition of 11 data centres across the UK and continental Europe.
The SGX-listed trust has agreed to acquire the 11-asset portfolio from subsidiaries of US-based Digital Realty Trust for a consideration of S$904.6 million ($671.7 million). The set includes four properties in England, three in the Netherlands, three in France and one in Switzerland.
Ascendas REIT, sponsored by Temasek-backed developer CapitaLand, has only two data centres in its portfolio at the moment, and none in Europe. It aims to increase its exposure to the burgeoning asset class amid increasing reliance on data and online applications and accelerating digitisation across industries, the trust’s manager said in a Wednesday release.
believes that the worst is over for the manufacturer and distributor of cutting tools, (pic) and this year will be a year of recovery.
Executive director and chief financial officer Tan Kim Chuan said the company’s optimism stemmed from the easing of movement restrictions imposed as a result of the Covid-19 pandemic, supported by the various economic stimulus packages here and globally.
“We look at our orderbook for January and February, and it is encouraging, we feel that the momentum for market recovery is there, ” Tan told StarBiz.
HPMT, controlled by founder and executive chairman Ku He @ Khoo Yee Her and his family, is involved in the manufacturing and distribution of cutting tools which are needed for engineering purposes within many industries such as automotive, aerospace, construction and electronics.