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Daily Debrief: What Happened Today

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Wednesday, February 17, 2016 - 18:30
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ABOUT half of OCBC Bank's oil and gas (O&G) portfolio is made up of businesses in the offshore support services, chief executive officer Samuel Tsien said on Wednesday.

About half of OCBC's O&G portfolio in offshore support services

About half of OCBC Bank's oil and gas (O&G) portfolio is made up of businesses in the offshore support services, chief executive officer Samuel Tsien said on Wednesday. This portion, which stood at 47 per cent of its S$12.4 billion O&G portfolio, is "under more stress", and the bank has worked with its customers to ensure that vessels continue to be utilised, and generate cash flow, he said at a results briefing.


Singapore's non-oil domestic exports plunge 9.9% in January

Singapore's non-oil domestic exports started the year with a 9.9 per cent plunge, extending the 7.2 per cent dive in December 2015.


Big-car COE premium jumps 22%

As expected, the premium for a big-car Certificate of Entitlement (COE) shot back up on Wednesday, the second bidding exercise in February, after its surprise fall two weeks ago.


SGX queries SembMarine as stock extends rally

Singapore Exchange (SGX) queried Sembcorp Marine (SembMarine) on its "unusual" trading activity on Wednesday.


Asia Square didn't fit with strategy or meet required returns, CapitaLand implies

CapitaLand on Wednesday implied that it had earlier bowed out of negotiations to buy Asia Square Tower 1 office building because the property did not fit with its group strategy, and its yields did not meet requirements.


Changi rebate to cargo partners to tide over challenging conditions

Changi Airport Group (CAG) is introducing a one-time rebate and extending others to help cargo partners tide over challenging conditions in the industry.


Corporate Earnings


The STI Today

Singapore shares close lower on weakness in oil, HK and Dow futures

A slip in the price of oil, softness in the Dow futures and a one per cent drop in the Hang Seng Index led to a 30.79 points or 1.2 per cent loss for the Straits Times Index to 2,613.79 on Wednesday as it gave back some of the 100 points it had gained on Monday and Tuesday.

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