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Daily Debrief: What Happened Today

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CERTIFICATE of Entitlement (COE) premiums fell across most categories of vehicles in the latest bidding exercise. PHOTO: SPH

COE premiums down across most categories

The COE premium for cars of up to 1,600cc & 97kW dropped to S$48,000 from S$50,951 previously, while the COE premium for cars above 1,600cc fell even more sharply, from S$53,001 to S$46,229.


Foreign-worker employment scam: Mastermind gets 42 months of jail time

Mui Chee Mun, a Singaporean, was sentenced to 36 months' imprisonment for fraudulently obtaining work passes for 37 foreign workers for a company that was not in operation.

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Foreland Fabrictech lodges complaint with CAD against former exec chairman

The SGX had, on Nov 11, formally rebuked the company and its former executive chairman Tsoi Kin Chit for failing to promptly announce a significant claim and putting in place robust internal controls to address financial, operational and compliance risks.


Vallianz says CAD probe into Swiber-linked directors 'not related' to company 

VALLIANZ Holdings said on Wednesday two of its non-executive directors, Yeo Jeu Nam and Yeo Chee Neng, were interviewed by the Commercial Affairs Department (CAD) in their capacity as directors of Swiber Holdings - a day after Swiber announced the same - but said the matters "are not related" to Vallianz.


Stung by SGX suspension, ISR Capital to issue third report over mining asset

ISR Capital, which has had its shares suspended by the regulator, said on Wednesday it will commission a third independent report to value a proposed purchase in Madagascar that would allow the firm to mine for rare earth oxides.


Bad debt among SMEs falls in Q3 due to tightening credit terms: DP Info

THE level of bad debts among small and medium enterprises (SMEs) fell in the third quarter of 2016, as credit terms between SMEs and their customers continue to tighten, said DP Information Group on Wednesday.


Pfizer opens development centre in Singapore

The sum of investment for the centre, which is on Jurong Island, was not disclosed. But Pfizer said its new investment marks a further commitment by Pfizer to broaden the company's science and technology capability in the region.


The STI Today

STI ends Wednesday's session up 10.72 points

SINGAPORE shares ended Wednesday's session on a higher note, up 10.72 points or 0.36 per cent at 2,959.84, buoyed by extended gains in banking shares, even as investors wonder about the impact of Italy's referendum and the upcoming policy meeting of the European Central Bank (ECB).


 

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