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The median base salary in Singapore is expected to rise 4.7 per cent in 2017,after factoring in disinflation, higher than the 3.7 per cent increase in 2016, a report by Korn Ferry Hay Group on Friday showed.
Troubled container-ship operator Rickmers Maritime said on Friday its noteholders' meeting to vote on a debt restructuring plan has been rescheduled for Dec 21, 2016.
The Hong Kong Monetary Authority expressed concern after a newspaper said DBS Group Holdings Ltd staff were arrested in a probe connected with an alleged leak of customer data.
The company had sought consent from noteholders to restructure S$330 million worth of bonds. It needed more than 75 per cent of voting bondholders to agree to having their principal returned to them in 2022 and 2023, instead of in 2017 and 2018 respectively.
Vegetable processor China Minzhong Food Corporation has requested immediate suspension of trading in its shares, with the public float falling below the required 10 per cent after the privatisation deal by its majority shareholder closed on Thursday.
Ezra Holdings was among the oil-and-gas stocks that gained on Friday, amid hopes that stronger oil prices would lift the sector out of its deep funk.
The STI Today
The local market ended 0.1 per cent lower on Friday, with the Straits Times index falling 2.73 points to 2,956.13