Daily Debrief: What Happened Today
Stories you might have missed
Government accepts recommendations to enhance Singapore's debt-restructuring framework
The Ministry of Law has accepted the recommendations of the Committee to Strengthen Singapore as an International Centre for Debt Restructuring, which aim to improve Singapore's effectiveness in facilitating international debt restructuring.
Temasek proposes S$1.2b buyout of SMRT at S$1.68 per share
Temasek Holdings' unit Belford Investments has proposed a buyout of transport operator SMRT Corp at S$1.68 a share, in a deal that values the firm at S$2.57 billion.
COE premiums rise across the board
Certificate of entitlement (COE) premiums bounced back up in the final bidding exercise before the start of a new and smaller quota from next month onwards.
Raffles Medical plans to spend S$1b to expand in Asia
Singapore's biggest health-care provider Raffles Medical Group will spend S$1 billion over the next three years to set up hospitals and clinics in Asia, group chairman and co-founder Loo Choon Yong said.
EC World set to price Singapore Reit IPO near top of range: IFR
The Reit, backed by a portfolio of properties in Hangzhou, China, will be selling 427.6 million units in the IPO, Thomson Reuters publication IFR reported on Wednesday.
Hot stock update: Wilmar falls nearly 12% in intraday trade after profit warning
Shares of Wilmar International tumbled almost 12 per cent on Wednesday, a day after the palm oil company warned that it expects to sink into the red for the second quarter ended June 30, 2016.
Corporate Earnings
The STI Today
Singapore shares close higher, in line with firm Wall Street
Gains in Singtel, Thai Beverage and the banks helped propel the Straits Times Index (STI) up 26.2 points or almost one per cent to 2,945.74 on Wednesday.
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International
UK wage growth and services inflation too high for rate cut, BOE’s Greene says
US to reduce licensing by 80% for UK, Australia to boost Aukus
IMF tells Asian central banks not to follow Fed too closely
UN chief warns Mideast on brink of 'full-scale regional conflict'
IMF boss says ‘all eyes’ on US amid risks to global economy
UK financial sector seeks stronger accountability of regulators