Surbana Jurong Private Limited - the newly merged entity combining Surbana International Consultants and Jurong International Holdings - announced on Monday the acquisition of two companies to bolster its capabilities and market access to Asia's booming infrastructure sector. The acquisitions of KTP Consultants in Singapore and Sinosun Architects & Engineers in China will also expand Surbana Jurong's staff strength from 3,200 to 4,000 people, the firm's chairman Mr Liew Mun Leong said.
Mainboard-listed Q&M Dental Group said on Monday that it has signed a binding points of agreement to acquire 60 per cent of the shareholding in Smilebay Dental Clinics for RM12.29 million (S$4.41 million) in cash and shares. Q&M Dental said the proposed acquisition is in line with its plan to continue the expansion of its main dental business in Malaysia and allows it to add 6 fully operational clinics in Penang, Malaysia.
Private property prices in Singapore could fall a further 10 per cent from current levels over the next two years, French bank BNP Paribas said in a research report on Monday. Although prices have fallen 5.5 per cent from their mid-2013 peak, BNP Paribas said that a "closer look at valuation metrics and underlying drivers" shows the market has further to correct before a bottom can be called.
Global workforce expert ManpowerGroup says it has identified the top five positions that are toughest to fill in Singapore. In a report on Monday, Ms Linda Teo, ManpowerGroup Singapore's country manager, said that of the 234 respondents here to its 2015 Talent Shortage Survey, 40 per cent of them say they find it hard to fill those five positions.
AirAsia refuted on Monday a report that had said the airline was unwilling to consolidate the accounts of its foreign associates and be more transparent about its finances, saying it was prevented from doing so by aviation regulations. Little-known Hong Kong-based GMT Research said in a June 10 report that AirAsia is unwilling to consolidate the accounts of its foreign associates.