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Daily Debrief: What Happened Today

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To ensure Singapore’s M&OE industry stays competitive globally, the government is helping companies invest in advanced manufacturing, including additive manufacturing, robotics and automation.

Singapore aims for 1,500 new jobs, S$5.8b value-add in revamp of marine, offshore and engineering industry
A MULTI-agency team led by the Economic Development Board (EDB) has charted out a roadmap to rejuvenate and transform the beleaguered marine, offshore and engineering (MO&E) industry.

Singapore moves up 1 spot, claims 6th place among least corrupt countries
SINGAPORE scored 84 points on the latest index, unchanged from the previous year. The score runs from zero, for highly corrupt, to 100, for very clean.

SBF to lead Singapore companies taking part in first China International Import Expo
THE Singapore Business Federation (SBF) aims to bring more than 100 Singapore companies, from all different sectors, to take part in the inaugural China International Import Expo (CIIE) later this year, the federation announced at a media conference on Thursday.

DMX files police report in Singapore, alleges wrongdoing by former management
DMX announced through the Singapore Exchange (SGX) that those suspicions arose from further analysis of certain documents and records that had been released in Hong Kong for further investigations.

Market voices on:

Hyflux 2018 retail perps 'unlikely' to be called in April, says analyst
THE market seems to have priced in the fact that Hyflux will not redeem its S$400 million 6 per cent retail perpetual securities, or perps, at the first call date of April 25.

StanChart transfers rest of Singapore operations to locally incorporated unit
STANDARD Chartered Bank (StanChart) on Thursday announced it will fully consolidate its business operations in Singapore into its locally incoporated subsidiary, highlighting, it said, the country's importance as a strategic hub and reinforcing its long-term commitment to the Asean market.

Next stop for SIA's new Boeing 787s? Perth
SINGAPORE Airlines (SIA) on Thursday said that Perth will become the second destination - after Osaka, Japan - to be served by its new Boeing 787-10 fleet.

Singapore travellers affected as Malaysian coach operator Konsortium shuts down
Passengers who turned up at Konsortium Express & Tours' head office at Golden Mile Tower were shocked to find its doors locked and lights turned off.

Corporate Earnings

The STI today

Singapore shares shed earlier gains to close lower 
THE Straits Times Index (STI) ended at 3,488.46, down 27.77 points, or 0.79 per cent. About 1.8 billion shares, worth S$1.7 billion, changed hands. There were 121 gainers to 331 losers.


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