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Daily Debrief: What Happened Today
New growth areas, corporate innovation, jobs, urban infrastructure and connectivity are the key areas that Singapore's Committee on the Future Economy (CFE) - made up of 30 members from the government, financial, manpower, semiconductor industries - will look into.
Close to two out of every three expatriates here report that they have more disposable income than at home, and three out of every five of them can save more by moving, a survey revealed on Monday.
French container shipping giant CMA CGM SA offered to acquire 367,000 shares of Singapore's Neptune Orient Lines (NOL) at S$1.24 per share on Friday.
Singapore's CapitaLand Ltd is looking to invest in Vietnam's office property segment, its country head said, as the real estate developer seeks to grow its portfolio beyond residential and serviced apartments in the fast-growing economy.
"Singapore Airlines reiterates that it believes the offer is compelling, with the offer price representing premiums of between 32 per cent and 42 per cent over the last traded price; and the one-month and three-month volume weighted average prices of Tiger Airways shares preceding the announcement of the offer," wrote SIA in a filing to the Singapore Exchange on Monday before the market opened.
European benchmark Brent crude slid to an 11-year low on Monday as oil prices resumed their slide in an oversupplied global market facing the prospect of renewed US exports.
The STI Today
Singapore share prices finished 0.26 per cent lower on Monday, with the Straits Times Index (STI) falling 7.29 points to 2,845.55 on lower trading volumes.