Daily Debrief: What Happened Today

Singapore overtakes Hong Kong as world's no. 3 financial centre

Singapore edged past Hong Kong as the world's No. 3 financial center, according to a survey by London-based research firm Z/Yen Group.

Olam invests US$150m to build integrated animal feed mill, breeding farms, hatchery in Nigeria

Olam International on Friday announced that it is investing US$150 million to set up state-of-the-art animal feed mills, poultry breeding farms and a hatchery to produce day-old-chicks in Nigeria.

PSLE T-score to be replaced with wider scoring bands from 2021

The aggregate score that is awarded to each student at the Primary School Leaving Examination (PSLE) will be replaced with wider scoring bands from 2021.

Pacific Healthcare may not be going concern: auditor

Struggling medical services provider and nursing home operator Pacific Healthcare Holdings may not be a going concern, its independent auditor has warned. The auditor also said that it could not give an audit opinion on the group's financial statements.

Sheng Shiong exercises option to purchase property at Bedok Town Centre

Sheng Siong Group - via its subsidiary Sheng Siong Supermarket - has exercised the option granted by Heartland Retail Holdings to purchase the commercial premises at Bedok Town Centre for about S$53 million.

Keppel Land to subscribe for S$30.4m worth of bonds issued by Vietnam developer Nam Long

Under the agreement, Keppel Land will subscribe for 500 billion Vietnamese dong (S$30.4 million) of convertible bonds issued by NLG. These bonds are due to mature in 2020 and come with a coupon rate of 7 per cent per annum.

Sinjia Land sues supplier in Taiwan; posts deeper FY2015 loss after audit

A subsidiary of Catalist-listed property development and component manufacturing firm Sinjia Land has sued a supplier in Taiwan for failing to deliver equipment after it had made the downpayment.

Corporate Earnings

The STI Today

Singapore shares close lower for the week in low volume

This week's main focus was the minutes of the US Federal Reserve's March Open Market Committee meeting which showed that most Fed governors were against raising rates in April.