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Daily Debrief: What Happened Today
Singapore's manufacturing output increased 6.7 per cent in September 2016 compared with a year ago, boosted by growth in the biomedical and electronics sectors, the Economic Development Board (EDB) said on Wednesday.
Singapore will introduce a Cybersecurity Act, requiring owners and operators of critical information infrastructure to be responsible for securing their systems and networks.
The Land Transport Authority (LTA) has awarded a civil contract to Lum Chang Building Contractors to build a new platform at Tanah Merah Station for S$325 million.
Singapore Telecommunications and TIS Inc, a subsidiary of Japanese systems integration company TIS Intec Group, on Wednesday announced a partnership to offer cybersecurity services in Japan.
Viva Industrial Trust said that it has entered into an option agreement with Sharikat National to buy a logistics property at 6 Chin Bee Avenue for S$87.3 million.
Private equity firm Northstar Advisors has launched a S$331.4 million takeover offer for Innovalues Limited via a scheme of arrangement.
- Cambridge Industrial Trust posts 18% drop in Q3 DPU
- First Sponsor marks 13.1% growth in Q3 profit
- Great Eastern's Q3 net profit surges to S$195m from S$68.4m a year ago
- k1 Ventures posts 88% drop in Q1 profit
- Mapletree Commercial Trust posts stronger income in Q2
The STI Today
It's difficult not to agree with trading representatives who claim that present market conditions are the worst in at least 20 years, not when turnover on Wednesday was a paltry 1.3 billion units worth S$734 million, when the Straits Times Index dropped 25.48 points to 2,828.57 and when a large institution such as HSBC Global Research announced earlier in the week it has stopped covering Keppel Corp, a bastion of the local market.