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Daily Debrief: What Happened Today

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Singapore's exports staged a strong comeback in October, surging 20.9 per cent from the same month a year earlier as a strengthening global outlook continued to boost trading activity.

Singapore non-oil domestic exports beat expectations to rebound by 20.9% in October
SINGAPORE'S exports staged a strong comeback in October, surging 20.9 per cent from the same month a year earlier as a strengthening global outlook continued to boost trading activity.


MindChamps registers IPO at S$0.83 per share to value company at S$200m
MINDCHAMPS Preschool, Singapore's largest provider of premium preschools by market share, on Friday offered 30.4 million shares at $0.83 each for an initial public offering that values the company at S$200.5 million.


DBS sees double-digit growth from consumer and SME business in Singapore, Hong Kong
DBS Group Holdings expects income from its consumer and SME (small and medium enterprise) business in Singapore and Hong Kong to grow at a double-digit pace, and to potentially contribute 50 per cent of total income in five years, chief executive Piyush Gupta said in a presentation outlining the bank's strategy on Friday. 


Delay in Malaysia's Carey Island project spells less competition for Singapore
A DELAY in the S$45.5 billion project on Carey Island may deal a blow to Malaysia and its maritime ambitions but it could be a boon for Singapore as a key port in the region.

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Market voices on:

Worldwide M&A deals could grow -1% to 6% in Q1 2018: study
THE number of merger and acquisition (M&A) deals announced worldwide is set for a fourth consecutive year of growth in 2017, and could grow by around 2 per cent year-on-year in the first quarter of 2018, a study by Intralinks has found.


Tan Tong Hai to step down from StarHub on May 1 to pursue "own interests"
STARHUB CEO Tan Tong Hai will step down from his position with effect from May 1, 2018, the company said in an announcement after trading hours on Friday.


The STI Today

Singapore shares close 1.23% up on Friday
THE benchmark Straits Times Index ended higher by 41.08 points, or 1.23 per cent, at 3,382.38.


 

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