Daily Debrief: What Happened Today

Singapore-Australia free trade agreement upgraded

Singapore companies will be able to bid for procurement contracts from Australia's federal government as well as all of Australia's eight states and territories under an upgraded Singapore-Australia Free Trade Agreement (Safta), the Ministry of Trade and Industry said.

HDB deficit down to S$1.639b

The Housing and Development Board (HDB) incurred a deficit of S$1.639 billion in the financial year of 2015/2016, according to its annual report released on Thursday.

Publish medical fee benchmarks: health insurance taskforce

A health insurance taskforce set up in February 2016 has released its recommendations to address the issue of escalating claims costs for Integrated Shield Plans (IPs), which are driving up health insurance premiums, the Life Insurance Association of Singapore (LIA) said in a press release Thursday morning.

Surbana Jurong buys auxiliary police Aetos from Temasek

Urban development group Surbana Jurong has bought Aetos Holdings, one of three licensed auxiliary police organisations in Singapore, from investment firm Temasek Holdings, Surbana said in a press release on Thursday.

UOB to launch online marketplace for SMEs to buy business essentials at bulk prices

These include travel, stationery, general insurance as well as courier and logistics services.

Tee International bags S$48m new contracts

Engineering group Tee International has won S$48 million worth of new contracts, it said in a Singapore Exchange filing Thursday morning.

Fullerton Healthcare said to delay IPO after regulatory queries

Fullerton Healthcare Corp, the medical service provider that took orders for its Singapore initial public offering last week, is facing delays to the share sale after regulators received complaints, people with knowledge of the matter said.

The STI Today

Singapore shares close weaker but off their lows

Wall Street may have risen slightly on Wednesday but a 100-point loss in the Dow futures after trading closed meant Thursday was a weak day for the local market, as it was for the rest of the region.