SINGAPORE-BASED cancer diagnostics company Biolidics on Monday said it has notified and received acknowledgement from the US Food and Drug Administration (FDA) for the intended distribution of its Covid-19 rapid test kits in the US. The Catalist-listed firm's kits will be allowed for use by clinical laboratories or healthcare workers for point-of-care testing, but not for home testing. Biolidics noted that the test kits have not received emergency-use authorisation by the FDA. The company has...

SEMBCORP Industries has launched a renewable energy certificate (REC) aggregator platform backed by its renewable power capacity in China and South-east Asia, the conglomerate said on Tuesday. RECs are tradable certificates or proofs of electricity generated by renewable sources. The platform puts RECs up for sale in bulk, combining Sembcorp's RECs with RECs from different sources. The group's own RECs will help ensure high liquidity on the platform, it said. Sellers are guaranteed a sale of...

THE number of Singapore condominium units resold in March increased 17 per cent to 709 units from 606 units in February, according to flash estimates from real estate portal SRX Property. However, the resale volume was 13 per cent lower versus a year ago and down 21 per cent from the five-year average volume for the month of March. By region, 57.5 per cent of the month's volume came from the outside central region (OCR), 22.9 per cent from rest of central region (RCR) and 19.6 per cent from...

Singapore S&P Global Ratings has lowered Frasers Centrepoint Trust's (FCT) long-term issuer credit rating to BBB from BBB+ as it believes FCT's cash flow will be hit hard by the coronavirus pandemic, it said on Monday. Correspondingly, S&P also lowered the rating on senior...

Singapore SEMBCORP Industries has launched a renewable energy certificate (REC) aggregator platform backed by its renewable power capacity in China and South-east Asia, the conglomerate said on Tuesday. RECs are tradable certificates or proofs of electricity generated by renewable...