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Daily Debrief: What Happened Today

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Singapore Airlines (SIA) has made its S$0.45-per-share takeover offer for Tiger Airways unconditional, it said in a Singapore Exchange filing on Monday morning.

Five sub-committees formed to oversee Singapore's future

At its first meeting on Monday, the 30-member Committee on the Future Economy (CFE) formed five sub-committees - each co-chaired by a government and private-sector representative.


SIA makes Tiger offer unconditional, extends closing date again

SIA had originally said that the offer was conditional upon it reaching a stake of at least 90 per cent.


Olam buys wheat milling and pasta making assets of Nigerian group for US$275m

Olam International Ltd announced on Monday that it has bought Amber Foods for a total enterprise value of US$275 million, doubling its wheat milling capacity and propelling the Singapore commodities group to a leading pasta player in Nigeria.


Temasek fund invests undisclosed sum in homegrown store-fixtures firm

Temasek Holdings' Heliconia Capital Management has taken a "substantial minority equity position" in a Singapore store-fixtures company.


Judiciary looking to enhance court-to-court arrangements in cross-border insolvency: CJ Menon

A new network that eventually connects courts of key commercial centres to improve cross-border insolvency is one area Singapore's judiciary is looking at enhancing this year, said Chief Justice Sundaresh Menon as he shared a series of plans at the opening of the legal year on Monday morning.


China: Stocks extend world's worst selloff amid growth concern

The Shanghai gauge slid 5.3 per cent at the close, extending last week's 10 per cent plunge.


Corporate Earnings


The STI Today

Singapore shares close 42 points lower

Shares in the local bourse closed broadly lower, in line with steep falls across regional markets, with the key Straits Times Index ending the day lower by 42.38 points or 1.5 per cent at 2,708.85.