Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half 
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
Toyota First-Half Global Sales and Production Decline on Weak China Demand, RAV4 Transition 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
World game at war: why some European nations have threatened a World Cup boycott 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit 
Starbucks Stock Jumps as Q3 Earnings Beat, Sales Growth Drives Higher 2026 Outlook 
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth 
Arm Holdings Q1 Earnings Beat Estimates, Strong Q2 Outlook Fails to Lift ARM Stock 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9% 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
Qualcomm Stock Falls as Weak Q4 Forecast, Apple Revenue Decline Overshadow AI Data Center Growth 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
GS Engineering & Construction has been tapped to design and construct Singapore's 550-billion-won Integrated Train Testing Center (ITTC) project.
The project is due for completion at the end of 2024 and would be done in collaboration with the Korea Railroad Research Institute.
The Integrated Train Testing Center, to be built at the former Raffles Country Club site, will test vehicles, signals, communications, and railway supplies.
The ITTC is modelled after testing centers in Germany, South Korea and Japan.
It will serve as a hub for LTA and the local rail industry to boost its deepen competencies in systems integration, operations, and maintenance.
The ITTC will allow Singapore's rail industry to evaluate new railway infrastructure, conduct research and development into railway technologies, and develop proofs-of-concept. It would also enable more troubleshooting to be done locally that would hasten the diagnoses and rectification of faults.
The facility would also serve as a training center for rail workers, where they could learn about the new rail systems before being deployed.
Bidding rights were given to GS Engineering and an Australian firm.
While GS Engineering's bidding price was higher than the Australian firm, it was able to clinch the deal due to its engineering prowess, creative design, and experience in building the first railway test line in Korea--the Osong Railway Test Line.
The Integrated Train Testing Center is the ninth project that GS Engineering has been awarded by the Land Transport Authority (LTA) of Singapore.
The nine projects with the LTA were worth a total of 4.3 trillion won.
Other projects awarded by LTA to GS Engineering include a building-type vehicle base project worth approximately two trillion won awarded in 2016. It is the largest project in terms of construction costs ordered by the LTA in Singapore.
GS Engineering is currently building the East Coast integrated four-in-one depot. It has designed and constructed MRT stations and depots in Singapore.
The company has also previously built MRT stations and depots in Singapore, namely the Tampines East station, Fort Canning station, the Thomson-East Coast Line's Woodlands station, and the Downtown Line's Gali Batu Depot.
