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Daily Debrief: What Happened Today

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Monday, September 5, 2016 - 18:30
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Saving the Swiber group will hinge on support from stakeholders and its ability to complete some US$1.67 billion worth of secured projects - which could pave the way for a restructuring exercise that would lead to a better outcome for its creditors than winding up.

Nikkei Singapore PMI shows improvement in Aug business conditions

Singapore firms posted an improvement in operating conditions in August, with the headline Nikkei Singapore purchasing managers' index (PMI) rising to 52.3 from July's 50.7.


IJMs present 'reasonable prospect' of saving company: Swiber

Saving the Swiber group will hinge on support from stakeholders and its ability to complete some US$1.67 billion worth of secured projects - which could pave the way for a restructuring exercise that would lead to a better outcome for its creditors than winding up.


Garena announces new investment from SeaTown, GDP Venture, Mistletoe

Garena, a Singapore-based Internet company and reportedly South-east Asia's largest unicorn (privately valued at US$3.75 billion), on Monday announced a new investment from SeaTown Holdings International, Global Digital Prima (GDP) Venture, and Mistletoe.


Singapore crowdfunding platform CoAssets lists on ASX

Singapore-based real estate and debt crowdfunding platform CoAssets on Monday announced that it has listed on the Australian Securities Exchange (ASX), after raising AS$6.55 million (S$6.72 million) in its initial public offering (IPO) at an issue price of A$0.40 per share.


NOL to delist from SGX on Tuesday

Neptune Orient Lines (NOL) shares will be delisted from Singapore Exchange (SGX), with effect from 9am on Tuesday.


OCBC Pay Anyone daily transfer limit increases to S$1,000

OCBC bank customers can now send up to S$1,000 a day via the OCBC Pay Anyone service, up from the original daily transfer limit of S$100, OCBC announced on Monday.


CIMB, Sompo ink Singapore deal to distribute non-life insurance products

CIMB Bank Singapore and Sompo Insurance Singapore on Monday said they have tied up in a deal for the lender to distribute the insurer's non-life products including travel and motor insurance.


The STI Today

Singapore shares close 1.7% higher after dovish US jobs report

A 90-point rise in the Dow futures and a 1.65 per cent surge in Hong Kong's Hang Seng Index helped the Straits Times Index (STI) kick off the week with a 47.82 points or 1.7 per cent jump to 2,851.74.

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