The tech industry’s winners and losers in lockdown
Musk ‘restarting’ California Tesla factory, defying authorities
The plan is to build a floating solar PV system on Tengeh Reservoir.
National water agency PUB and Sembcorp Industries’ subsidiary Sembcorp Floating Solar Singapore, signed a 25-year power purchase agreement (PPA), according to an announcement.
The agreement is to build a 60 megawatt-peak (MWp) floating solar photovoltaic (PV) system on Tengeh Reservoir. The solar power generated is said to meet the energy needs for operations at PUB’s five local waterworks, including Marina Barrage.
This follows PUB’s announcement in appointing Sembcorp to design, build, own, and operate the project.
Under the agreement, Sembcorp will deploy over 146,000 solar panels at Tengeh Reservoir in Tuas to generate energy and offset about 32 kilotonnes of carbon emissions annually. The panels would be installed on corrosion-resistant floats, utilising PV modules to maximise solar energy yield.
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Tesla chief Elon Musk said Monday he is resuming production at the company’s California auto assembly plant, defying authorities and escalating a feud over the Pacific state’s pandemic shutdown. “Also, all other auto companies in US are approved to resume.
It saw $3.3m higher contributions from its engine and component segment. SIA Engineering Company (SIAEC) recorded a 20.4% rise in profit attributable to owners to $193.8m in FY 2019-2020, from $160.9m in FY 2018-2019, the company announced.
This comes after HOOQ commenced a creditors’ voluntary liquidation on 27 March. Singtel has announced that the Bankruptcy Division of the Supreme Court of Mauritius granted the petition for lawyer Anjeev Hurry to be the provisional liquidator of video streaming service HOOQ Digital Mauritius. This comes after HOOQ commenced a creditors’ voluntary liquidation on 27 March, assigning Lim Siew Soo and Brendon Yeo Sau Jin as its joint and several…
US authorities have reached a deal to recover another $49 million in assets bought with money looted from Malaysia’s 1MDB state investment fund and laundered through the global financial system. More than $4.5 billion originally meant to fund state investments was looted from 1MDB between 2009 and 2015 by high-level officials of the fund and a high-flying young businessman named Low Taek Jho, according to US investigators.
It extended the completion period of residential, commercial and industrial projects. Singapore has introduced a number of temporary relief measures for property developers and individuals affected by disruptions to construction timelines and sales of housing units resulting from the COVID-19 pandemic, an announcement revealed. The government has extended the project completion period (PCP) by six months for residential, commercial and…
A rental relief of 30% will be given to eligible office tenants. SPH REIT will be granting full rental waiver for April and May 2020 to eligible non-trading retail and medical tenants amidst the circuit breaker extension, according to an announcement. Qualified retail and medical tenants will be given 100% rebate of the property tax payable, equivalent to slightly more than a month’s rental, whilst eligible office tenants will receive 30% tax…
Airbnb says it is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus pandemic. It’s a serious setback for the 12-year-old home-sharing company, which just a few months ago was valued at $31 billion and planning a hotly anticipated IPO. Airbnb lists around 7 million properties on its web site. In a letter to employees, CEO Brian Chesky said the San Francisco-based company is letting 1,900…
By ROSHAN THIRAN – Despite the imaginative brilliance of these future leaders – many of whom we saw at our annual MAD Youth Summit – a few of them talk about their reluctance to shine, not because they lack the talent, but because they’re afraid of being criticised and judged. The post Three Tips to Become Immune to Unfair Criticism appeared first on
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