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PUB to take over Tuaspring to safeguard water security

PUB to take over Tuaspring to safeguard water security

PUB issued a notice to Hyflux yesterday to terminate their water purchase agreement, and will take over its Tuaspring plant next month.

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Regulators looking into Hyflux’s disclosure and accounting practices for possible breaches

Regulators looking into Hyflux’s disclosure and accounting practices for possible breaches

Hyflux has been undergoing a court-supervised restructuring process since May last year after chalking up debts amounting to nearly S$3 billion.

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Hyflux sues SM Investments; appoints Nicky Tan as adviser

Hyflux sues SM Investments; appoints Nicky Tan as adviser

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.

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Hyflux yet to seek extension of debt moratorium

Hyflux yet to seek extension of debt moratorium

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.

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Pacific Radiance's auditor flags going concern issue, cites 'material uncertainties'

Pacific Radiance's auditor flags going concern issue, cites 'material uncertainties'

Unable to obtain sufficient appropriate evidence to conclude whether the use of the going concern assumption to prepare these financial statements is appropriate: EY

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[MYR] Renewed interest in Myanmar mining

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.

Hyflux saga: Acra to assess if further action needed

Hyflux saga: Acra to assess if further action needed

Accounting regulator keeping close watch as investors ask why auditors failed to flag risks.

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Papua New Guinea state fails to wrest control of US$1.4b stake

Papua New Guinea state fails to wrest control of US$1.4b stake

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".

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PUB gives Hyflux's Tuaspring till April 30 to cure defaults

PUB gives Hyflux's Tuaspring till April 30 to cure defaults

But water contract is non-negotiable to avoid unhealthy precedent, says national water agency.

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Allocation to Hyflux creditors not agreed on: Salim-Medco

Allocation to Hyflux creditors not agreed on: Salim-Medco

But Hyflux says it will reassess only if SMI 'reveals its true intentions'.

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Carbon Pricing Act 2018 imposing carbon tax in force from 1 January 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. 


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