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Daily Debrief: What Happened Today

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Friday, November 25, 2016 - 18:30

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Factory output expansion in Singapore for October expanded further after an exciting September, though there are signs that it may soon be business as usual for a muted manufacturing sector.

Singapore Oct factory output up on strong biomed

Factory output expansion in Singapore for October expanded further after an exciting September, though there are signs that it may soon be business as usual for a muted manufacturing sector.


CAI and partners acquire Vladivostok International Airport

A consortium made up of Russian Direct Investment Fund (RDIF), Changi Airports International (CAI) and Russia's Basic Element is acquiring Vladivostok International Airport from Sheremetyevo International Airport.

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MTI unveils support measures for marine & offshore engineering firms

The Ministry of Trade and Industry (MTI) on Friday announced enhancements to International Enterprise Singapore's Internationalisation Finance Scheme (IFS) and the reintroduction of Spring Singapore's Bridging Loan (BL) for companies in the marine and offshore engineering (M&OE) industry.


High Court puts Swissco under interim judicial management

The Singapore High Court has approved an application to place Swissco Holdings and its subsidiary, Swissco Offshore Pte Ltd, under interim judicial management (IJM).


Civil servants to get 0.5-month year-end bonus, 0.95 month for full year

Civil servants in Singapore will get a year-end bonus of 0.5 month, as the economy is expected to see low growth this year, while lower-wage civil servants will be guaranteed a payment of at least S$900.


Sembcorp Industries' first solar energy project to be operational by year's end

The first solar energy project of Sembcorp Industries will be operational by year's end to provide renewable power to two airfreight terminals near Changi Airport.


 

YuuZoo to invest up to US$150m in Relativity Holdings Media

YuuZoo Corporation said on Friday its new equity investment in movie studio Relativity Holdings Media will be at least US$15 million and up to US$150 million.


Rickmers Maritime denies vessel sale

The trustee-manager of Rickmers Maritime, in a clarification issued on Singapore Exchange on Friday, denied that the sale of its vessel, India Rickmers, has taken place.


The STI Today

Singapore shares finish higher for the week as Trump-inspired "risk on" is still in force

The "risk-on" rally in equities inspired by Donald Trump's win in the Nov 8 US presidential election continued into its second week, helped along by firmer oil prices and expectations of a stronger US economy under Mr Trump.

 

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