Daily Debrief: What Happened Today

Cancelled rig spat: SembMarine's PPL now terminates contract

Marine logistics player Marco Polo Marine and rigbuilder Sembcorp Marine traded shots at each other overnight in an ongoing contractual dispute over a US$214.3 million rigbuilding contract.

Frasers Centrepoint says over A$229m worth of DUO units sold at Aussie launch

Frasers Centrepoint said on Wednesday that the company and its joint venture partners had sold over A$229 million (S$236 million) worth of residential units at DUO in Sydney during the launch in Australia last week.

Digital content creation area to be located at One-North's PIXEL

Creators' Space, a common area equipped with facilities and tools to help media companies and professionals hone their skills in digital content creation, will be located at PIXEL, a building that has been developed by JTC in One-North and is targeted to be launched in the second half of 2016.

Singapore to add 99 new trains from now till 2019: Khaw

Singapore will spend over a billion dollars upfront to buy 99 new trains from this year till 2019 in a bid to achieve higher rail reliability, Transport Minister Khaw Boon Wan wrote in his blog on Wednesday.

Kong Hee and 5 others file notices of appeal against conviction and sentences

The six City Harvest Church (CHC) leaders found guilty of misusing church funds to prop up the music career of founder Kong Hee's wife, singer Sun Ho, on Wednesday filed their notices of appeal against both conviction and sentences.

For all our coverage of the City Harvest trial: bt.sg/CHCtrial

Lockheed Martin wins contract for upgrade of Singapore F-16s

Lockheed Martin Corp has been awarded a contract worth US$914 million to upgrade Singapore's F-16 aircraft, the Pentagon said on Tuesday.

The STI Today

Singapore shares close higher on hopes for more China, ECB easing

After Tuesday's play influenced by the inclusion of the Chinese currency in the International Monetary Fund's (IMF's) basket of reserve currencies, the market's attention on Wednesday turned to Thursday's European Central Bank policy meeting at which more monetary easing is expected and to China, where hopes of more easing helped push stocks higher.