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Daily Debrief: What Happened Today
Singapore's January headline inflation climbed to 0.6 per cent year on year - in line with economists' expectations - due to a hike in the cost of oil-related items, a smaller drop in car prices, and higher services inflation.
Singapore Changi Airport handled 5.26 million passenger movements in January 2017, up 8.2 per cent from a year ago.
Singapore-based water company De.mem, provider of solutions for industrial wastewater treatment, will be listing on the Australian Stock Exchange (ASX) during the first quarter of this year.
The Singapore Business Federation (SBF) has urged all World Trade Organisation (WTO) members, especially the Asean members, to come on board the Trade Facilitation Agreement (TFA), which came into force on Wednesday.
Singapore Technologies Electronics (ST Electronics) on Thursday said that it would partner the Defence Science & Technology Agency (DSTA) to develop the next-generation Earth Observation Satellite, TeLEOS-2.
Capitaland's wholly owned serviced residence business unit, The Ascott Limited, has launched its first living lab to field test its newest brand, lyf, that is designed for and managed by millennials, in partnership with the Singapore Management University (SMU).
Singtel subsidiary Amobee, a global digital marketing technology company serving brands such as Airbnb, Dell EMC and Lexus, on Thursday said that it would acquire Turn, a leading provider of a global technology platform for marketers and agencies, at an enterprise value of US$310 million.
- CDL posts lower Q4, FY16 earnings on absence of one-time gain, weak market
- KrisEnergy widens FY16 losses on higher expenses, impairment on Thai assets, write-off of assets
- Ezion reports losses, completes talks with bankers and cuts rig orders as well as capex
- Sembcorp Industries more than doubles Q4 profit
The STI Today
"Sell into strength but buy the dips" was the preferred trading mode during Thursday's session when the Straits Times Index (STI) first dropped into the red but rebounded to finish at 3,137.57 for a net gain of 15.37 points.