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Real total wages in Singapore, including employer CPF contributions, went up by 5.4 per cent in 2015, higher than the 3.9 per cent a year ago.
Keppel Corporation on Thursday said that it denies all allegations raised in a lawsuit filed by US investment company, EIG Management.
Singapore sovereign wealth funds bought US$1 billion of Chinese e-commerce giant Alibaba Group Holding's shares as part of a US$8.9 billion sale by Japan's SoftBank Group, Alibaba's biggest shareholder, the company said on Wednesday.
US President Barack Obama will host Singapore's prime minister for talks on a stalled trans-Pacific trade pact, maritime tensions with China and a prestigious White House state dinner.
Jason Holdings on Thursday said ANZ has begun a lawsuit in the High Court against the directors of Jason Parquet Specialist (Singapore) Pte Ltd (JPSS) - its principal operating unit - over an approximate S$1.69 million that is owed to the bank. The directors are guarantors for the repayment of banking facilities granted by ANZ.
Otto Marine said that it received a letter from RHB Securities Singapore, the financial adviser to a potential buyer. On behalf of the offeror, RHB Securities said it intends to submit a formal proposal to Otto's board as soon as possible.
The STI Today
The main distinguishing feature of Thursday's session was a play on food and beverage (F&B) stocks that pushed up Yeo Hiap Seng, Thai Beverage, Jumbo Group and Sino Grandness Food. Otherwise, turnover at 1.2 billion units worth S$731.4 million was 63 per cent lower than Tuesday's S$2 billion, although the latter was admittedly inflated by window-dressing of key blue chips (or "portfolio rebalancing").