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Daily Debrief: What Happened Today

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DBS Group Holdings opened its 50th anniversary celebrations - and its wallet - on Thursday by giving employees gold cuff links and necklaces, shortly after announcing a special dividend and a higher dividend policy for shareholders.

DBS gifts staff limited edition jewellery to mark golden jubilee

DBS Group Holdings opened its 50th anniversary celebrations - and its wallet - on Thursday by giving employees gold cuff links and necklaces, shortly after announcing a special dividend and a higher dividend policy for shareholders.


LTC Corporation controlling shareholders plan takeover offer at S$0.925 per share

A group of LTC Corporation's controlling shareholders from the Cheng family plan to make a voluntary conditional cash offer of S$0.925 per share for all ordinary shares of the mainboard-listed company which engages in property rental and development, and steel trading in Singapore and Malaysia.

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DBS Research ceases coverage of Midas Holdings

DBS Research issued a report on Friday that it is ceasing coverage of Midas Holdings, in the light of its disclosure late on Thursday that it has uncovered several litigations, enforcement orders and court documents involving companies within the group.


SingPass, CorpPass services restored after 4-hour disruption, second outage in 2 days

After a six-hour outage on Thursday, access to national authentication systems SingPass and CorpPass slowed to a crawl again for about four hours on Friday, disrupting hundreds of essential e-government services.


Goldilocks urges Noble stakeholders to oppose restructuring approach, seeks more transparency

Noble Group's major shareholder Goldilocks Investment Company is calling on Noble's stakeholders to collectively oppose the commodity trader's approach to its restructuring plans.


Asian markets shaken again by Bank of England's hawkish tone

Asian markets were shaken up again on Friday morning after the Bank of England (BOE) hinted at an earlier-than-expected tightening of monetary policy overnight, capping a volatile week for global markets.


Singapore improves global intellectual property index score, takes 9th spot

Singapore has improved its score in the latest United States Chamber of Commerce intellectual property (IP) index, coming in ninth out of 50 economies. It ranked 8th in the previous year's index before five more countries were added.


FCT: Has not acquired Waterway Point stake, contrary to headline on SGX service

Frasers Centrepoint Trust (FCT) has not acquired sponsor Frasers Property's one-third stake in suburban mall Waterway Point, the real estate investment trust's (Reit) manager said on Friday to refute a headline posted on the Singapore Exchange's (SGX) StockFacts online information service.


Corporate Earnings


 

The STI Today

Singapore shares close 1.1% down on Friday in broad market selloff

Singapore stocks ended 1.1 per cent lower on Friday, with the Straits Times Index retreating 38.66 points to 3,377.24.

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