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Daily Debrief: What Happened Today
The Singapore High Court on Thursday granted the application to place ailing offshore firm Swiber Holdings and its unit Swiber Offshore Construction under judicial management (JM).
The volume of HDB resale transactions in September 2016 contracted 11.3 per cent to 1,666 resale flats from 1,879 flats in the preceding month.
The three-month key Sibor or Singapore interbank offered rate has finally cracked, weighed down by domestic liquidity; it fell to the year's low on Thursday to 0.87067 per cent from 0.87242 per cent on Wednesday.
Market leader NTUC Income is using technology to transmit driving behaviour and reward good drivers with a discount on motor insurance premiums.
Singapore Airlines (SIA) and Air Mauritius have inked a codeshare agreement, giving passengers more choice when flying to Mauritius.
Singapore water agency PUB said it has launched a request for proposals for basic and applied research and development projects in the water industry.
Property developer UOL Group said associate company UVD (Projects) Pte Ltd has bought the Raintree Gardens residential development at Potong Pasir Avenue 1 for S$334.2 million after an en-bloc tender.
The STI Today
Singapore stocks finished higher on Thursday, where the Straits Times Index (STI) rose 3.43 points to 2,885.22.