PUB issued a notice to Hyflux yesterday to terminate their water purchase agreement, and will take over its Tuaspring plant next month.
Hyflux has been undergoing a court-supervised restructuring process since May last year after chalking up debts amounting to nearly S$3 billion.
Hyflux has fired the first legal salvo in its dispute with its former suitor SM Investments (SMI) as it filed a lawsuit on Monday in the SHC for the alleged repudiation of the rescue deal and is claiming the S$38.9m deposit.
Judge says he'll need to see feasible plan before agreeing to any extension; company restarting talks with creditors to explore outcomes other than liquidation.
Unable to obtain sufficient appropriate evidence to conclude whether the use of the going concern assumption to prepare these financial statements is appropriate: EY
2019 has seen the issue of the first exploration permits in Myanmar since a 2016 moratorium was lifted in July 2018, reopening access to one of Southeast Asia’s final mining frontiers.
Accounting regulator keeping close watch as investors ask why auditors failed to flag risks.
The government of Papua New Guinea (PNG) has lost its protracted battle in the Singapore High Court to wrest control of an entity with assets worth about US$1.4 billion (S$1.8 billion) that were spawned from a deal inked with the "largest mining company in the world".
But water contract is non-negotiable to avoid unhealthy precedent, says national water agency.
Published: 29 Mar 2019
But Hyflux says it will reassess only if SMI 'reveals its true intentions'.
Published: 22 Mar 2019
Published: 22 Feb 2019
The Act makes consequential and related amendments to the Energy Conservation Act and imposes a carbon tax on certain greenhouse gas emissions of business facilities, measured from 2019 onwards.