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Daily Debrief: What Happened Today

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Wednesday, July 20, 2016 - 18:30
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The Ministry of Law (MinLaw) 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.

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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