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Daily Debrief: What Happened Today
The shortage of suitably skilled professionals is the most significant challenge facing Singapore's financial services sector in 2017, said recruitment company Robert Half.
Budget 2017 seeks to ensure that Singapore is future ready, addressing the needs of businesses, individuals and the environment, making it very well thought out and balanced, Gerard Ee, chairman of the Singapore Institute of Accredited Tax Professionals (SIATP) said on Tuesday.
Several construction stocks saw a flurry of activity on Tuesday, a day after the Singapore finance minister Heng Swee Keat said the government would bring forward S$700 million worth of public sector infrastructure projects to fiscal years 2017 and 2018.
United Overseas Bank on Tuesday said in a filing to the bourse operator that it intends to issue S$750 million 3.5 per cent subordinated notes due 2029, callable in 2024.
Mainboard-listed logistics facilities provider GLP on Tuesday said that it has signed 106,000 sq m (1.1 million sq ft) of new leases with third party logistics companies in China over the past two months.
Mercurius Capital Investment Limited on Tuesday said that it is in preliminary discussions with unrelated parties about a potential joint venture and a separate disposal transaction.
Lifebrandz Ltd on Tuesday morning said that the proposed placement of 167 million new ordinary shares has been terminated by mutual agreement of the parties involved.
The STI Today
The Straits Times Index drifted to a 2.5 point loss at 3,094.19 on Tuesday, extending a correction that began on Monday. The closure of Wall Street for President's Day - more accurately George Washington's birthday - on Monday meant the local market, like many around the world, spent most of Tuesday waiting for overseas inspiration.