Company briefs : Sembcorp Industries

Sembcorp Industries

Sembcorp Industries held a ground-breaking ceremony for its wholly owned Nanjing International Water Hub in Nanjing city's new central business district in Jiangsu province.

The 34,183 sq m development is designed to host research facilities, and business and conference space to facilitate the development and commercialisation of new water technologies, the firm said in a statement.

Set for completion in 2018, the facility will also boast a Water Technology Innovation Centre to support performance tests on emerging water technologies.

The hub also signed three memorandums of understanding with national water agency PUB, the National University of Singapore's Centre for Water Research, and Sembcorp's wholly owned unit Sembcorp (China) Holding.


CapitaLand

Property developer CapitaLand has teamed up with local co-working space pioneer, Collective Works, to transform the 12th storey of Capital Tower - the firm's headquarters - into a premium co-working space.

This is part of pilot initiatives to test-bed alternative workspaces and the provision of new value-added services to its office tenants, CapitaLand said in a statement yesterday.

The co-working space will span about 22,000 sq ft, and could house up to 250 companies.

Its president and group chief executive Lim Ming Yan said in the statement that it is "incumbent on CapitaLand to constantly assess opportunities that will allow us to stay ahead of the curve and seize first-mover advantages".

Collective Works will manage the space.


Standard Chartered Bank

Standard Chartered Bank yesterday announced the opening of its innovation lab - the eXellerator - in its main office building at Marina Bay Financial Centre. The lab will work closely with business units within Stanchart and explore the use of "emerging technologies and data science for sustainable business solutions".

StanChart said the new lab builds on its technology outpost in the Silicon Valley, SC Studios, and is the first of such dedicated and strategic space for the bank in Asia. Singapore was chosen for its strategic location. "This is where we can tap the depth of knowledge and talent, as well as work with local universities and research organisations, to help drive the bank's innovation agenda," said StanChart global chief innovation officer Anju Patwardhan.

A version of this article appeared in the print edition of The Straits Times on March 24, 2016, with the headline 'CompanyBriefs'. Print Edition | Subscribe