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Daily Debrief: What Happened Today
Singapore must remain forward-looking and embrace technological change, in order to realise its vision of becoming a Smart Nation, according to Minister for Communications and Information Yaacob Ibrahim.
The Ministry of Health (MOH) has appointed a 14-member ElderShield review committee to study ways to enhance the severe disability insurance scheme, as part of efforts to further strengthen the social safety nets for an ageing population.
Singapore will issue the central bank's semi-annual monetary policy statement and data on third-quarter gross domestic product on Oct 14, authorities said on Friday.
Mainboard-listed oil and gas procurement specialist Federal International (2000) said after trading hours on Friday that its Indonesian associate PT Gunanusa Utama Fabricators (PTG) has secured a second award valued at about US$150 million from Thailand's national oil company, PTT Exploration & Production (PTTEP).
Investment firm New Silkroutes Group, formerly Digiland International, is trading around 8 per cent higher after announcing a private equity joint venture with three other parties.
The STI Today
A rebound in oil prices to near the US$50 per barrel mark and ambiguous US economic data that was not compelling enough to warrant higher interest rates kept the STI within striking distance of its Dec 31, 2015 close of 2,882 when, despite a 9.98 point loss on Friday at 2,875.24 it still managed a six point gain for the week.