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Daily Debrief: What Happened today

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Wednesday, November 2, 2016 - 18:30

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ALIBABA'S South-east Asian subsidiary Lazada is acquiring Singapore e-grocer RedMart.

Alibaba unit Lazada acquires e-grocer RedMart

Alibaba's South-east Asian subsidiary Lazada is acquiring Singapore e-grocer RedMart.


Hot stock: GLP surges on takeover speculation despite denial

Shares in Global Logistic Properties Limited (GLP) continued to rise on Wednesday afternoon even after the Singapore-listed logistics facilities provider denied being in talks with investors on a takeover.

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Singtel's Optus opens A$10m cyber-security operations centre

Singtel's Australian unit Optus has opened a A$10 million facility to strengthen Australia's cyber defence.


Goh Chok Tong appointed as LKY School of Public Policy governing board chairman

Emeritus Senior Minister Goh Chok Tong has been appointed the governing board chairman for the Lee Kuan Yew School of Public Policy (LKY School).


Pacific Radiance unit clinches US$73m contract for newbuild vessel

Offshore marine support services firm Pacific Radiance has won a new contract for a newbuild vessel to be used in Mexico.


Corporate earnings


The STI Today

Singapore shares close 0.2% lower on Wednesday

Singapore stocks ended 0.2 per cent lower on Wednesday, with the Straits Times Index losing 6.55 points to 2,807.14.

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