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Daily Debrief: What Happened Today
OSIM International's Chairman and Chief Executive Officer, Ron Sim, has revised his offer to buy over the remaining 30.75 per cent of stake in the company that he and his family do not own to S$1.39 a share, instead of S$1.32 a share.
Business conditions in Singapore further improved in March, as stronger domestic demand boosted new order growth to its fastest pace in a year.
Credit Suisse is primarily focused on organic growth in Asia, said chief executive Tidjane Thiam on Tuesday. "We are primarily focused on organic growth," he told reporters in Hong Kong. "Organic growth is cheaper, and less risky."
Singapore has been ranked third among 50 cities globally for being future-ready, behind San Jose and San Francisco in California.
Russian cybersecurity expert Eugene Kaspersky has been appointed to the International Advisory Panel for Singapore's National Cybersecurity Research and Development Programme.
Rubber processor Halcyon Agri is seeking the consent of its bondholders to suspend the financial covenants for its 2019 bonds, following the announcement of the dual takeover transaction with Shanghai-listed Sinochem International Corp and GMG Global.
The STI Today
A 130-point loss for the June Dow futures, a 2.4 per cent loss for the Nikkei 225 and a 1.6 per cent slide in the Hang Seng Index - faced with nothing but weakness in these markets, the Straits Times Index (STI) stood little chance, finishing Tuesday with a loss of 34.43 points at 2,800.92.