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Singapore's electricity market will be fully liberalised by 2018, with all consumers including households being able to choose their own electricity retailers, said Minister for Trade and Industry (Industry) S Iswaran on Monday.
Singapore's industrial output declined 4.8 per cent year-on-year in September, falling more than the market's expectations. Apart from the biomedical manufacturing and chemicals clusters, all clusters posted a drop in production.
Oxley Holdings Limited said on Monday that it will issue an offer of up to S$125 million of four-year 5 per cent bonds due 2019.
First Ship Lease Trust (FSL Trust) said on Monday that it has entered into a memorandum of agreement (MOU) to purchase a medium range product tanker for US$21.8 million.
ValueMax Group announced on Monday that it has discovered a probable case of criminal breach of trust by an outlet employee and has filed a police report on Oct 24.
[SHANGHAI] The Di Mei shopping centre in downtown Shanghai is a surprisingly depressing place to shop.
Raffles Medical Group marked a 1.2 per cent year-on-year rise in net profit to S$15.6 million in the third quarter ended Sept 30.
The STI Today
Local shares ended 0.5 per cent higher on Monday, with the Straits Times Index ending 14.61 points up at 3,083.07.