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Rigbuilder Sembcorp Marine's Jurong Shipyard unit has entered into a standstill agreement with North Atlantic Drilling for the delivery of the sixth generation harsh environment semi-submersible drilling rig, the West Rigel, until June 2016.

SGX offers 6-month extension to meet minimum trading price

Mainboard-listed companies that consolidate their shares before March 1, 2016 will have another six months to meet the minimum trading price (MTP), Singapore Exchange (SGX) announced on Thursday.


Sembcorp Marine rig delivery to North Atlantic Drilling delayed to June 2016

Rigbuilder Sembcorp Marine's Jurong Shipyard unit has entered into a standstill agreement with North Atlantic Drilling for the delivery of the sixth generation harsh environment semi-submersible drilling rig, the West Rigel, until June 2016.

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HDB resale prices up 0.4% in November: SRX

HDB resale prices rose 0.4 per cent in November compared with October, buoyed by four and five-room flats, according to estimates by SRX Property.


Nikkei Singapore PMI rises to 52.2 in November, from 50.2

Singapore's private sector firms saw a recovery in November in business conditions, with new business supporting a faster expansion of output.


Ascendas Hospitality Trust to buy Melbourne serviced apartments for A$120m

Ascendas Hospitality Trust said on Thursday that it will pay A$120 million (S$124 million) for the serviced apartments component of a mixed-use development at 224-252 La Trobe Street, Melbourne, Australia.


Funds in Najib's accounts were donations, says Malaysia govt

Funds of more than US$600 million that turned up in Malaysian Prime Minister Najib Razak's private bank accounts were donations and not from a troubled state investment company, the government said Thursday in an explanation to parliament.


The STI Today

Singapore shares close flat ahead of key ECB meeting

A large afternoon bounce in the Dow futures and a firm opening in Europe ahead of a key European Central Bank policy meeting helped the Straits Times Index on Thursday reverse a 20-point loss and finish a net 0.25 higher at 2,883.89.

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