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Daily Debrief: What Happened Today
Singapore's blue chip Straits Times Index tumbled to its lowest in more than four years on Wednesday amid nagging concerns over crude oil prices and the faltering Chinese economy.
It was no surprise that the second bidding exercise for January saw the certificate of entitlement (COE) premium for small cars rebounding strongly.
Singapore industrial real estate investment trusts (Reits) will continue to look overseas for acquisitions in 2016 as they pursue asset growth and yield accretion, away from challenging domestic business conditions, Moody's said in a Wednesday report.
Security firm Secura Group, whose key shareholders include remisier king Peter Lim, on Wednesday offered 112 million shares at 25 Singapore cents in its initial public offering.
Shares of offshore marine company Ezra Holdings took a beating on Wednesday following news of a proposed share consolidation.
Sembcorp Marine (SembMarine) and its parent company Sembcorp Industries were in active trading on Wednesday morning following rumours of a full takeover by the parent firm or just an injection of funds into Sembcorp Marine.
Singapore Airlines (SIA) will operate flights to both the Australian and New Zealand capitals from Sept 20, making it the first airline with flights linking the two cities.
The STI Today
Singapore stocks ended 3 per cent lower on Wednesday, with the Straits Times Index falling 78.7 points to 2,559.77.