First Sponsor plans to buy Concord Focus Development, which owns three land parcels in China's Guangdong province totalling 36,405 square metres (sq m), for 738 million yuan (S$148.9 million).First Sponsor said that the property has land use rights with expiry dates of Jan 31, 2088 for residential use and Jan 31, 2058 for commercial use.

Hyflux has taken a S$916 million impairment for the nine months ended Sept 30, to adjust for a fall in carrying value of the Tuaspring water and power plant and other write-downs. This figure was released on Saturday, after Hyflux submitted its latest statement of financial position to the High Court.

Indonesia and Australia are set to ink a long-awaited trade deal on Monday, after months of diplomatic tension over Canberra's contentious plan to move its embassy to Jerusalem. The pact will include improved access for Australian cattle and sheep farmers to Indonesia's 260 million people, while Australian universities, health providers and miners will also benefit from easier entry to South-east Asia's biggest economy

Source: Business Times, Financial Times