Singapore firms announce green financing
Out-Law News | 29 Apr 2021 | 5:53 am | 1 min. read
Some major Singapore firms have announced sustainable green finance initiatives, timed to coincide with Earth Day last week, according to Straits Times.
The Singtel Group’s wholly owned subsidiary launched its first sustainability-linked revolving credit facility of S$750 million ($565m), which was described as the largest Singapore-dollar denominated sustainability-linked loan in Singapore. The loan is guaranteed by Singtel and will be used for general corporate purposes.
The three year loan will be provided by DBS Bank (DBS), Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB). It features interest rate discounts linked to pre-determined environmental, social and governance (ESG) targets in climate risk, carbon management, and workplace health and safety metrics.
EMA Selects Anacle Systems to Develop and Testbed Narrowband Internet-of-Things Powered Electric Meters
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The EMA selects Anacle s Tesseract to develop and Testbed NB-IoT-powered Advanced Electricity Meters.
FREMONT, CA: Singapore Energy Market Authority selects Anacle Systems to develop, and testbed Narrowband Internet-of-Things (NB-IoT) powered advanced electricity meters. The future meters will be powered by an Acle s leading-edge Tesseract series of hyper-smart meters. This initiative collaborates between the EMA, Smart Nation, and Digital Government Group and uses provider SP Group. The testbed will eventually be released across 1.4 million consumer accounts in Singapore by 2024 as part of the national drive towards digitalization and improved efficiency.
Supreme Court s Tata ruling has patent errors: SP s review plea
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In its review petition filed before the Supreme Court (SC), the Shapoorji Pallonji (SP) Group has contended that the apex judiciary’s March 26 judgment dismissing all allegations of oppression and mismanagement at Tata Sons has led to miscarriage of justice .
(This story originally appeared in on Apr 28, 2021)In its review petition filed before the Supreme Court (SC), the Shapoorji Pallonji (SP) Group has contended that the apex judiciary’s March 26 judgment dismissing all allegations of oppression and mismanagement at Tata Sons has led to miscarriage of justice . It argued that the judgement incorrectly interpreted provisions in the Companies Act, eroding governance standards and rendering a large swathe of minority shareholders remediless.
(This story originally appeared in on Apr 28, 2021)MUMBAI: In its review petition filed before the Supreme Court (SC), the Shapoorji Pallonji (SP) Group has contended that the apex judiciary’s March 26 judgment dismissing all allegations of oppression and mismanagement at Tata Sons has led to “miscarriage of justice”. It argued that the judgment incorrectly interpreted provisions in the Companies Act, eroding governance standards and rendering a large swathe of minority shareholders remediless.
Additionally, SP scion and former Tata Sons chairman Cyrus Mistry filed an application seeking removal of certain adverse remarks like “setting his own house on fire” from the judgment. The law permits “patent errors” in a ruling to be rectified in a review petition.
Shapoorji Pallonji group says SC verdict dilutes corporate governance standards telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.