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Daily Debrief: What Happened Today
THE US District Court for the district of Columbia has ruled in favour of Sembcorp Marine (SembMarine), Jurong Shipyard, Keppel Corporation and Keppel Offshore & Marine (O&M) in a lawsuit filed by EIG Management against Brazil's national oil company Sete Brasil. As a result, claims against them have been dismissed.
The World Bank is exploring an issuance for retail investors that would be listed on Singapore Exchange (SGX), said Arunma Oteh, World Bank's vice-president and treasurer.
Prices of private homes in Singapore fell 0.5 per cent quarter on quarter in Q1 2017, based on the Urban Redevelopment Authority's (URA) flash estimates released on Monday morning.
Housing & Development Board (HDB) resale flat prices fell 0.6 per cent in the first quarter of 2017 from Q4 2016. This came after four preceding quarters of negligible movements in prices.
Singapore and Japan have signed a memorandum of cooperation (MOC) for the planning, management and technological development of ports in the two countries.
Singapore eDevelopment's audit report on its financial statements for the year ended Dec 31, 2016, by its independent auditor Ernst & Young LLP contained an emphasis of matter.
Singapore's sovereign wealth fund GIC has formed a 40-60 joint venture (JV) with Indonesia's property developer PT Intiland Development that owns and manages the integrated mixed-use complex South Quarter.
Natural Cool's independent auditor KPMG has issued its report for the group's financial statement for FY2016, which included an emphasis of matter in respect of the board's decision to form an internal investigation committee to review irregular transactions and activities of certain subsidiaries in the paint division as announced on Feb 28, 2017.
The STI Today
THE Straits Times Index on Monday kicked off the week with a 12.4-point rise to 3,187.51 thanks mainly to gains in Jardine stocks. Overall trading however, was quiet with turnover amounting to 2.3 billion units worth S$1.1 billion compared to Friday's S$1.6 billion. Excluding warrants there were 273 rises versus 189 falls throughout.