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Singapore authorities have been investigating various 1MDB-related fund flows through Singapore for possible money laundering, securities fraud, cheating, and other offences committed in Singapore.
Transport Minister Khaw Boon Wan said on Thursday the government is studying the feasibility of extending the Thomson-East Coast Line farther from its current planned five stages of construction, which are scheduled to open from 2019 to 2024.
Shares of SMRT Corp resumed trading 8 per cent higher on Thursday, a day after Temasek Holdings' proposed S$1.2 billion buyout of the transport operator.
Billionaire Adi Godrej is considering an initial public offering of his group's animal-feed unit, the largest producer in India, as business thrives in the biggest milk-drinking country in the world.
Singapore-based venture capital firm Vickers Venture Partners on Thursday announced it has raised S$86 million in the first close of its fifth Vickers Venture Fund, all from existing investors.
The STI Today
The Straits Times Index (STI) drifted within a narrow band for most of Thursday's session before finishing with a 5.26-point loss at 2,940.48. Turnover amounted to 966 million units worth S$1.05 billion which was lower than the previous S$1.2 billion, and excluding warrants there were 215 rises versus 209 falls throughout the market.