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Daily Debrief: What Happened Today
Strong maritime force needed to protect Singapore's sovereignty and trade: PM Lee
SINGAPORE needs a strong maritime force as an island country that depends on trade as its lifeblood, Prime Minister Lee Hsien Long said as the Singapore Navy marked its 50th birthday on Friday.
Tritech completes sale of Terratech stake for the unit's reverse takeover
TRITECH Group has completed the sale of the bulk of its stake in its listed subsidiary Terratech Group in connection with a proposed reverse takeover of Terratech and now holds about 4.37 per cent of Terratech, Tritech said in a Singapore Exchange filing on Friday morning.
Rickmers Maritime says no AGM to save cash for creditors
THE trustee-manager of Rickmers Maritime announced the decision against convening an annual general meeting (AGM) in favour of preserving value for distribution to creditors.
Hot stock: Capital World slips on post-RTO Catalist debut
MALAYSIAN property developer Capital World made its debut on Singapore Exchange's junior board, Catalist, on Friday morning, with its shares opening at S$0.198 apiece.
Ascott to open first Citadines in US in 2018
THE Ascott Limited, property developer CapitaLand's wholly owned serviced residence arm, has bought a property on New York's Fifth Avenue and plans to invest "close to" US$50 million in it, CapitaLand said in a Singapore Exchange filing on Friday morning.
- Roxy-Pacific Q1 net profit down 40%
- Cosco (S) Q1 net losses deepen to S$78.9m
- FLT's Q1 DPU slightly above projection at 1.75 Singapore cents
The STI Today
Mixed to weak trading for Singapore stocks despite STI's gain
TRADING of the three local banks dominated proceedings this week as a rush to buy them in the first two days propelled the Straits Times Index (STI) to its highest in almost 22 months.