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Daily Debrief: What Happened Today
Singapore's electronics output continued its winning streak in April and negated biomedical's shrinkage to push overall factory output higher.
Alan Tay Yeow Kee, a former CIMB Group Holdings Bhd banker, admitted to insider trading on two stocks before the companies received takeover offers.
Singapore Press Holdings (SPH) will appoint former Neptune Orient Lines (NOL) chief executive Ng Yat Chung as its new CEO, while current CEO Alan Chan and deputy CEO Patrick Daniel will retire, the media and property group announced on Friday.
Noble Group Ltd received a fresh blow as Fitch Ratings Ltd. cut the embattled commodity trader's rating for a second time in the space of 10 days, flagging concern over its ability to address about US$2 billion of debt that matures over the next 12 months.
Royal Hotels Australia Pty, part of Singapore's Royal Group, has agreed to sell InterContinental Sydney Double Bay to Zobon Real Estate Group and Shanghai United Real Estate Inc for about A$140 million.
Tuan Sing Holdings has priced its S$120 million 6 per cent notes due 2020 which are expected to be issued on June 5.
The STI Today
The local stock market this week took its cues from Wall Street, where the political upheaval of a fortnight ago appears to have settled down. Or has it?