Daily Debrief: What Happened Today
Stories you might have missed
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.
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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International
Norway's wealth fund posts US$109 billion Q1 profit as tech stocks soar
Norway wealth fund backs NatWest plan to buy more state-owned stock
Japanese firms agree on 5.2% pay raise, biggest union group Rengo says
Singapore ready to harvest economic opportunities in the Philippines: Vivian Balakrishnan
Australia regulator flags surge in company insolvencies to 11-year high
Elon Musk stakes fortune on cult following who made him rich