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Daily Debrief: What Happened Today

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Business confidence in Singapore has worsened as Singapore Inc heads into the new year, with trade and financial sector players the most pessimistic among all businesses, an index showed on Monday. PHOTO: ST FILE


Dip in Singapore business optimism index for Q1 2017
BUSINESS confidence in Singapore has worsened as Singapore Inc heads into the new year, with trade and financial sector players the most pessimistic among all businesses, an index showed on Monday.


Olam takes aim at critical report on deforestation, palm oil sourcing
COMMODITIES trader Olam International on Monday pre-empted an impending report by a US lobbying group that would criticise Olam's stance in deforestation and palm oil sourcing - saying that the report has factual errors and has misinterpreted several of Olam's key policies and implementation.

SIA gets nod from anti-competition watchdog on Lufthansa tie-up     
SINGAPORE Airlines (SIA) said on Monday it has received approval from the Competition Commission of Singapore (CCS) of its proposed joint  venture with the Lufthansa Group.


MMP Resources sued over S$5.22m claim
MMP Resources, which invests in construction-related firms, said on Monday the company has been served with a writ of summons, filed by Edward Lee Ewe Ming, claiming S$5.22 million.

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Civmec wins two contracts worth A$160m
CIVMEC Construction & Engineering on Monday said it has been awarded two contracts totalling A$160 million (S$171 million) as part of the development of a processing facility for Rio Tinto's Amrun project near Weipa in north Queensland.


PM Lee to visit Malaysia for retreat with Najib Razak on Tuesday
The annual leaders' retreat is a key bilateral platform for them to foster closer bilateral relations, said the Prime Minister's Office (PMO) in a statement on Monday evening.

Corporate Earnings

The STI Today

Singapore shares close weaker but display resilience in face of China sell-off

THE Straits Times Index on Monday proved resilient when it only lost 3.94 points to 2,952.19 in the face of heavy selling in China where the Shanghai Composite plunged 2.5 per cent after regulators moved to curb insurance companies' stock market activities.


 

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