Daily Debrief: What Happened Today

Stories you might have missed

Singapore's factory output up 13.1% in June; electronics remains star performer

Singapore's total industrial output went up 13.1 per cent in June compared to a year ago, as the electronics cluster continued to be the star performer.


Singapore SMEs least punctual in repaying debt in 2 years: report

The percentage of small and medium enterprise (SME) debt that was paid on time fell to 37 per cent in the second quarter of 2017, the lowest in two years, according to credit information company DP Information Group.


E-commerce giant Amazon to launch in Singapore this week: Report

According to popular tech site Techcrunch, the launch could happen as early as this week, based on the teasers posted on social media by the influencer community in the island republic.


Agilent Tech to invest S$85m over 5 years in manufacturing, research in Singapore

The plan will see Agilent, which makes laboratory instruments, adding 30,000 square feet within its existing facility in Yishun and creating about 100 new jobs in R&D, advanced manufacturing, service and sales over the next five years.


Malaysia's Petronas scraps US$29b western Canada LNG project

Malaysian state-owned energy company Petronas will not proceed with a proposed C$36 billion (S$39.5 billion) liquefied natural gas (LNG) project in western Canada due to weak global prices, dealing a blow to Canada's ambitions to become a global LNG player.


Corporate Earnings


The STI Today

Singapore shares close 0.3% higher

Share prices on the local bourse closed higher on Wednesday with the key Straits Times Index rising 8.9 points or 0.3 per cent to finish at 3,336.72.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes