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Daily Debrief: What Happened Today

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The local corporate watchdog is investigating possible breaches of the law at Singapore Post (SingPost).

ACRA investigating possible Companies Act breaches at SingPost

The local corporate watchdog is investigating possible breaches of the law at Singapore Post (SingPost).


Retail investors can now buy wholesale bonds

A long-discussed bond seasoning framework came into effect on the Singapore Exchange (SGX) on Thursday, giving retail investors the opportunity to buy certain bonds that were initially meant for institutions and accredited investors.


Sharp spike in foreign-held companies setting up shop in Singapore

The share of wholly foreign-held companies in Singapore jumped to 37 per cent in January through March 2016 from 24 per cent in October through December 2015, according to a report by corporate services provider Hawksford Singapore released on Thursday.


New passenger terminal building at Seletar Airport to be ready in end-2018

A tender for a new passenger terminal building (PTB) to be constructed at Seletar Airport was called on Wednesday, the Civil Aviation Authority of Singapore and Changi Airport Group said in a joint release on Thursday.


ST Telemedia to buy majority stake in Tata Communications' data centre business

Singapore Technologies Telemedia (ST Telemedia) said on Thursday it has agreed to buy a 74 per cent stake in Tata Communications' data centre business in India and Singapore.


Temasek, CIC-KKR advance to second round of Yum China stake sale: sources

Singapore's Temasek Holdings and a consortium that includes China Investment Corp and KKR & Co have advanced to a second round of bidding for a minority stake in Yum Brands China unit, people familiar with the matter told Reuters.


Two more lawsuits for Technics Oil & Gas as S$70.5m liftboat order falls through

Mainboard-listed Technics Oil & Gas is facing two more legal suits of close to S$5 million in loan repayments, even as a S$70.5 million newbuild order for its work fell through.


Corporate Earnings


The STI Today

Singapore shares close lower after FOMC minutes raise interest rate worries

The minutes of the April US Federal Reserve Open Markets Committee (FOMC) meeting that were released on Wednesday suggested that a June interest rate hike is increasingly likely, thus providing traders with the opportunity to resume short selling on Thursday.