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Daily Debrief: What Happened Today
This year’s Budget, delivered by Finance Minister Heng Swee Keat in Parliament on Monday, addressed the issue of ensuring that Singapore will be able to thrive in a changing world.
- SG Budget Reactions: On corporate tax
- SG Budget Reactions: On innovation and digitalisation incentives
Domestic wholesale trade expanded by 10.3 per cent on a seasonally adjusted basis in the fourth quarter of 2016 over the previous quarter, due partly to higher prices of petroleum and chemical products.
Noble Group Limited on Monday said that it has successfully completed a US$1 billion revolving borrowing base facility, which will be utilised by Noble Clean Fuels Limited, its wholly owned subsidiary, to support their business requirements.
Vard Holdings on Monday morning responded to queries by the Singapore Exchange (SGX), saying that the value of the contract for the design and construction of a krill fishing vessel for Aker BioMarine is roughly 750 million kroner (S$127.4 million).
Tokyo-listed Takeda Pharmaceutical Company Limited will transfer its Japan consumer healthcare business unit to Takeda Consumer Healthcare Company Limited (TCHC), its wholly owned subsidiary.
International Healthway Corporation on Monday morning filed a suspension request with the local bourse, saying that there are potential concerns arising from the redemption in relation to its multicurrency medium term note programme.
Franklin Templeton Investments on Monday said that Adam Quaife will assume the role of regional head of South-east Asia and co-CEO of Singapore, with effect from Feb 17.
- Raffles Medical Group reports 1.3% rise in FY2016 net profit as costs increase
- AVJennings posts 14.4% drop in first-half earnings for FY2017
The STI Today
With Wall Street closed on Monday for President's Day and with traders waiting to hear details of the Singapore government's Budget 2017, the fine-tuned machine that is the local stock market drifted for most of the session in relatively subdued trading.