The Ministry of Trade and Industry's International Advisory Panel on Energy said Singapore should develop trading mechanisms and standards to facilitate the growing liquefied natural gas market.
The company said the drop in profit was due to start-up and legal costs at its subsidiary TWG Tea, along with increases in wages and rents.
The acquisition is part of Hour Glass' plan to tap into the rising affluence of suburban Singapore. Watches of Switzerland has five outlets in Singapore - at VivoCity, Paragon, Centrepoint, Tampines Mall and City Square Mall.
Fifteen projects, ranging from urban solutions to education services, were signed into agreement on Tuesday (Oct 28) at the 8th Singapore-Liaoning Economic and Trade Council meeting.
Sheng Siong earned S$12.2 million in the three months ended Sep 30, up from S$10.6 million in the same period a year ago.
A joint venture between Woh Hup and Obayashi Singapore has been appointed main construction contractor for the upcoming retail and leisure attraction, as well as for the expansion of Terminal 1.
The sites are at Tuas South Street 9 and Street 7, and Tanjong Penjuru.
URA says the tender period for the land parcel in Paya Lebar will last for about 22 weeks until Mar 31 at 12pm next year.
Overall prices fell 0.7 per cent on-month in September, with prices of homes in the central region leading the decline, according to Singapore Residential Price Index (SRPI) estimates.
The Republic’s GDP is expected to grow at between 2.5 per cent and 3.5 per cent this year, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review.