Daily Debrief: What Happened Today

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Published Fri, Feb 19, 2016 · 10:30 AM

Singapore's domestic wholesale trade contracts 15.9% in Q4

Singapore's domestic wholesale trade shrank by 15.9 per cent year-on-year in the fourth quarter of 2015, partly due to lower prices of petroleum and chemical products, the Department of Statistics announced on Friday.

Heng Swee Keat sees Asia growth story intact despite turmoil

Singapore's finance minister Heng Swee Keat said Asia's "structural growth story" remains intact despite an increase in financial market turbulence that's hit countries from China to Indonesia.

Citigroup Southeast Asia head Zink leaves after 28 years at bank

Michael Zink, who oversees Citigroup Inc's business in Southeast Asia, will retire after more than 28 years at the New York-based bank. Mr Zink, who works from Singapore, wants to return to the US, Francisco Aristeguieta, the lender's chief executive officer for the Asia-Pacific region, said Friday in an internal memo obtained by Bloomberg.

Fourth Singapore mobile firm to heat up competition: Fitch

The Info-Communications Development Authority's latest announcement of its spectrum-allocation framework will facilitate a more conducive environment for the entry of a fourth mobile network operator in Singapore, and intensify competition in the telecommunications sector further, says Fitch Ratings.

Singapore Airshow draws to a close with US$12.3b in deals

The 2016 Singapore Airshow closed its doors on Friday with US$12.3 billion in disclosed deals, down from US$32 billion at the last edition in 2014.

EFG confirms it's in talks with BTG Pactual on BSI purchase

EFG International AG said it's in exclusive talks with Brazil's Grupo BTG Pactual SA to buy its Swiss bank BSI AS, a deal that would double its assets under management.

Corporate Earnings

The STI Today

Singapore shares rise 4.6% in a volatile week

Depending on how oil prices behaved, traders alternated between heavy doses of short-selling and short-covering this week, resulting in the Straits Times Index recording large swings throughout the five days.