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Daily Debrief: What Happened Today

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Tuesday, October 25, 2016 - 18:30

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Singapore's gross domestic product (GDP) growth is not expected to pick up significantly in the near term, warned the Monetary Authority of Singapore (MAS) on Tuesday.

Macroeconomic Review

No decisive near-term pick-up in growth: MAS

Singapore's gross domestic product (GDP) growth is not expected to pick up significantly in the near term, warned the Monetary Authority of Singapore (MAS) on Tuesday.


China Sky sues director Zheng Kai Su in High Court

sentifi.com

Market voices on:

Troubled S-chip China Sky Chemical Fibre has filed a lawsuit in Singapore's High Court against Zheng Kai Su on Oct 24. 


CapitaLand sets up third integrated development fund in China worth US$1.5b

In what is the largest private capital-raising that CapitaLand Limited has undertaken, the property group has raised US$1.5 billion for its third private investment vehicle in China to invest in integrated developments.


Hot stock: Ezra Holdings shares tumble as firm seeks bondholders' waiver on debt covenants

Shares of debt-heavy Ezra Holdings fell 4 per cent to 4.6 Singapore cents following an announcement that it is seeking bondholders' waiver of certain financial covenants attached to its S$150 million notes due April 2018.


Nera Telecommunications CEO resigns

Nera Telecommunications Ltd's chief executive officer Samuel Ang Seong Kang tendered his resignation on Monday.


HC Surgical Specialists offers 30m new shares at S$0.27 apiece

Medical services group focusing on endoscopic procedures, HC Surgical Specialists Limited (HCSS) has offered 30 million new shares at S$0.27 apiece in its initial public offering (IPO) on the Catalist board of Singapore Exchange (SGX).


Corporate Earnings


The STI Today

Singapore stocks close weak in low volume

One way of gauging the interest in local stocks is by the number of queries levelled by the Singapore Exchange (SGX) to companies when their shares exhibit unusual activity. Over the past fortnight, such queries have been relatively frequent, averaging at least one or two per day.

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