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Daily Debrief: What Happened Today
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 had originally said that the offer was conditional upon it reaching a stake of at least 90 per cent.
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 Holdings' Heliconia Capital Management has taken a "substantial minority equity position" in a Singapore store-fixtures company.
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.
The Shanghai gauge slid 5.3 per cent at the close, extending last week's 10 per cent plunge.
The STI Today
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.