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Daily Debrief: What Happened Today
Nine in 10 establishments continued to pay retrenchment benefits to eligible employees, a statement by Ministry of Manpower said on Thursday.
The government will defer the launch of a commercial and residential site in Bidadari Estate along Upper Serangoon Road. The site was slated for launch this month under the confirmed list of the second-half 2016 Government Land Sales (GLS) Programme.
Shipbuilding group Fincantieri's wholly owned subsidiary Fincantieri Oil & Gas SpA has extended the closing date for the voluntary conditional cash offer for all of the issued ordinary shares in the capital of offshore vessel builder Vard Holdings, Vard said in a Singapore Exchange (SGX) filing on Thursday.
Shipbuilder and vessel charterer ASL Marine Holdings is seeking approval from note holders to extend the maturity date of its notes for three years, it said in a Singapore Exchange (SGX) filing on Thursday.
Malaysia's Federal Land Development Authority (Felda) has secured government financing to fund its US$505.4 million purchase of a minority stake in Indonesian palm oil firm PT Eagle High Plantations Tbk ,state news agency Bernama reported.
Crime-action film Master, produced by Spackman Entertainment Group's indirect wholly owned subsidiary Zip Cinema Co Ltd, surpassed the film's breakeven point within eight days of its official release on Dec 21, the entertainment production company announced on Thursday.
The STI Today
Throughout 2016, the 2,882 level has proven troublesome for the Straits Times Index (STI), this being the point at which the index ended 2015.