Daily Debrief: What Happened Today

Openness, connectivity key to realising full potential of China's Belt and Road Initiative: DPM Teo

Openness in the right of transit passage for ships and aircraft, or in exploring new forms of cooperation between countries, is a key aspect of connectivity that can help China's Belt and Road (B&R) Initiative realise its full potential, said Singapore's Deputy Prime Minister Teo Chee Hean on Thursday.

Women finally hold more than 10% of board seats, but still far from 20% by 2020 target

Women's share of board seats among Singapore-listed companies exceeded 10 per cent for the first time since data has been collected, the Diversity Action Committee (DAC) reported on Wednesday.

Union Gas Holdings launches IPO on Catalist board

Bottled gas supplier and compressed natural gas (CNG) provider Union Gas Holdings launched its initial public offering (IPO) on the Catalist board on Thursday.

CapitaLand, CCT, Mitsubishi to redevelop Golden Shoe for S$1.82b

Capitaland, CapitaLand Commercial Trust (CCT) and Mitsubishi Estate Co are redeveloping Golden Shoe Car Park in the heart of Singapore's financial district into a mixed-use project for an estimated S$1.82 billion before acquisition costs.

Yanlord near US$1.2b United Engineers offer: sources

An investor group led by Yanlord Land Group Ltd is preparing a bid for United Engineers Ltd valuing the century-old Singapore property company at about US$1.2 billion, according to people with knowledge of the matter.

ST Electronics, CAAS, GomSpace to explore space-based technology for air traffic control

The civil Aviation Authority of Singapore (CAAS), Singapore Technologies Electronics (ST Electronics) and GomSpace signed on Thursday a Memorandum of Understanding (MOU) to explore the use of space-based technology for air traffic management.

Indosuez Wealth to buy Crédit Industriel et Commercial's private banking operations in Singapore, HK

Indosuez Wealth Management announced on Thursday that it reached an agreement with Crédit Industriel et Commercial (CIC) to buy the latter's private banking operations in Singapore and Hong Kong.

Corporate Earnings

The STI Today

Singapore stocks finish higher thanks to upbeat Yellen speech

Wall Street on Wednesday rose sharply in response to an upbeat congressional testimony on the US economy and interest rates given by Federal Reserve chair Janet Yellen, and so the Straits Times Index (STI), which had lost 37 points on Tuesday and Wednesday, reacted on Thursday by rebounding 26.76 points or 0.8 per cent to 3,235.67.