Daily Debrief: What Happened Today

Singapore Budget 2016

For more of our Budget coverage, go to bt.sg/budget_16

Equity capital market activity in Singapore up 44% in year-to-date

Singapore-domiciled firms raised US$173.6 million in the equity capital markets (ECM) so far this year, up 44.1 per cent from last year's sluggish start which saw US$120.5 million raised, according to Thomson Reuters data.

Consistel subsidiary announces bid to be 4th telco, has S$400m funding commitments

Consistel subsidiary OMGtel formally announced on Thursday that it is in the race to become Singapore's fourth telco. The company has appointed the former president and CEO of Lenovo, Bill Amelio, as the new CEO.

Perennial Real Estate buys 20% stake in China maternal and healthcare firm

Perennial Real Estate Holdings will acquire a 20 per cent interest in an established maternal and child health management company in China for 135.4 million yuan (S$28.7 million).

Aspial's placement portion for second retail bond offering oversubscribed

Aspial Corp's second retail bond offering of four-year 5.30 per cent bonds due 2020 to institutional and other investors has been oversubscribed within the first day of its launch.

Croesus Retail Trust closes private placement at 75 Singapore cents per new unit

Croesus Retail Asset Management, the trustee-manager of Croesus Retail Trust (CRT), has closed its order book for the private placement.

The STI Today

Singapore shares close 1.2% lower on Thursday, down 2% for week

A slump in oil prices and overnight weakness on Wall Street made for a weak Thursday for the local stock market, with the Straits Times Index (STI) dropping 34.59 points or 1.2 per cent to 2,847.39.