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Daily Debrief: What Happened Today
- Noble Group says profit slumps 84% amid 'tough' environment
- Singtel says Q2 profit stable, currency impact hurts
- Ezion posts Q3 net profit fall as oil majors tighten belt; to explore M&As
- Pacific Radiance Q3 net profit tumbles 87% on depressed oil and gas sector
- Eu Yan Sang goes into the red for Q1
"We don't believe there's a need for a fourth operator," Chua Sock Koong, chief executive officer of Singapore's biggest phone company, said in a Bloomberg Television interview on Thursday.
Portfolio pumping, or the artificial inflation of the closing prices of selected stocks usually at quarter-ends and year-ends, is not as widespread in Singapore as currently perceived, according to a report by CFA Institute.
The residential leasing market remained on a soft patch in October, with rents and transaction volumes for both private homes and HDB flats still on the slide.
Asia Pulp & Paper (APP) said on Thursday that it has completed over 400 dams to block plantation perimeter canals in APP suppliers' concessions on peatland in Riau and South Sumatra, as part of efforts to provide a long term solution to check forest fires.
The Malaysian ringgit remains "significantly undervalued" and risks to economic expansion are unlikely to materialize with exports still strong, central bank Governor Zeti Akhtar Aziz said.
The STI Today
A weak session on Thursday ended with the Straits Times Index falling 22.58 points or 0.76 per cent to 2,959.01 in low volume of 1.1 billion units worth S$944.7 million. The fall was mainly through selling of the banks and came despite a large bounce in Hong Kong and a slight gain for the Dow futures which suggested a firm Thursday for Wall Street.