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Daily Debrief: What Happened Today
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 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.
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.
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.
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.
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.
- CCT's Q2 DPU inches up on higher distributions from joint ventures
- Cache Logistics Trust's Q2 DPU down 7.1%, due to enlarged units base
- Ascott Residence Trust's DPU for Q2 up 3%
- Keppel T&T's Q2 net profit up 18.5% to S$18.8 million
The STI Today
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.