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Daily Debrief: What Happened Today

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The Court of Appeal will be handing down its verdict on the City Harvest Church case, involving (clockwise, from top left) Kong Hee, Tan Ye Peng, Serina Wee, John Lam, Chew Eng Han and Sharon Tan.

City Harvest case: Apex Court dismisses bid for longer sentences for Kong Hee, former church leaders
A five-judge Court of Appeal on Thursday dismissed a bid by prosecutors to reinstate the original convictions for City Harvest Church (CHC) founder Kong Hee and five others convicted of misusing millions in church funds - ending a marathon case involving the misuse of millions of dollars of CHC funds.


SIC: Hyflux's Lum must make offer for HyfluxShop following dividend in specie
HYFLUX controlling shareholder Olivia Lum must make a general offer for the water treatment company's consumer business after the completion of a dividend in specie distribution, according to the Securities Industry Council (SIC).


Debt payment behaviour of Singapore SMEs worsened in 2017
DEBT payment behaviour of Singapore's small and medium-sized enterprises (SMEs) took a turn for the worse last year, with the proportion of severely delinquent debts at 14 per cent in 2017, up from 12 per cent in 2016.


Budget 2018 to continue efforts to help firms transform: Lawrence Wong
THE upcoming Budget's focus on helping firms innovate and transform was highlighted yet again by Minister for National Development and Second Minister for Finance Lawrence Wong, in a Facebook post on Thursday about his recent visit to local life-science manufacturer Esco Group.

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In another reversal, SIA cancels auto-inclusion of travel insurance
SINGAPORE Airlines (SIA) has removed an online booking feature that automatically includes travel insurance unless travellers opt out.



Corporate Earnings



 

The STI today

Singapore shares close 0.4% up 
SHARES in the Singapore bourse snapped two straight days of losses with the key Straits Times Index rising 13 points or 0.4 per cent to finish at 3,547.23 on Thursday.


 

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