Daily Debrief: What Happened Today

Budget Debate: Embrace 'spirit of enterprise and caring', says Heng

Singapore's continued progress pivots on "the spirit of enterprise and caring", said Finance Minister Heng Swee Keat on Wednesday in his Budget 2016 roundup speech.

Singapore car COE premiums inch up

Certificate of entitlement (COE) premiums for passenger cars inched up as demand from replacement buyers continues to remain strong, say dealers.

Keppel, Sembcorp rallies seen ending as oil-rig orders drop

The world's two biggest builders of oil rigs saw their stocks rise the most in more than two years last month as crude rebounded. Investors looking for more gains shouldn't get their hopes up just yet, Baring Asset Management and Henderson Global Investors say.

PSA to issue US$500m 10-year bonds at 2.5%

The 10-year notes, to be issued under the Singapore port operator's US$3.5 billion Global Medium Term Note Programme established in August 2009, are unconditionally and irrevocably guaranteed by PSA.

Amid 1MDB probes, BSI suffers exits in Singapore and dispute over liability

Several senior employees have left BSI's Singapore office in recent months or are leaving, including the three members of the bank committee that vetted major new clients at a time when money flowed in from 1Malaysia Development Bhd, or 1MDB, and related entities, according to people familiar with matter. None of the three have been accused of wrongdoing.

Hot stock update: Ascendas Hospitality plunges after calling off sale process

Ascendas Hospitality Trust fell by a record after the hotel owner called off plans for a sale. Units of the trust fell as much as 14 per cent in Singapore trading Wednesday, the most since its July 2012 listing, and closed 10 per cent lower at 68.5 Singapore cents.

Online booking platform Chope expands into Indonesia through acquisition

Singapore's Chope Group is acquiring an Indonesian firm and expanding into the reservation market of that country.

The STI Today

Singapore shares close higher in line with gains in Dow futures

A 50-point rise in the June Dow futures helped trigger a bout of short-covering here that pushed the Straits Times Index up 10.33 points to 2,811.25 on Wednesday.