The Minister of State for National Development said the rent policies of the two agencies have been relatively aligned over the years.
Senior managers have also taken voluntary pay cuts and there are plans to trim directors' fees as the conglomerate anticipates further cuts, the company said in a statement.
The bourse's total revenue for the quarter was S$191 million, down 13 per cent from a year earlier.
The Me6 plant on Jurong Island is slated to be completed by 2019, and will be Evonik's sixth global methionine facility.
The founders of Wong Fong are handing the reins to their children to go forth and disrupt the status quo of its S$70-million-a-year business - and the industry.
World Bank said infrastructure investment is a valuable source of long-term income streams that can help to address global challenges of an ageing population and lower levels of private investment.
The last day of trading of SMRT shares will be Oct 18, with the payout of S$1.68 per share expected to take place by Nov 1.
Non-oil domestic exports fell 4.8 per cent last month, after flat growth in August, according to latest figures released by IE Singapore.
Profit attributable to shareholders fell from the S$321.7 million reported in FY2015, with a 4.5 per cent year-on-year fall in operating revenue to S$1.12 billion.
Analysts expect the Sing dollar to weaken further and possibly hit 1.40 against the US dollar by the end of the year.