You are here
Daily Debrief: What Happened Today
The Singapore labour movement has submitted its seven-page list of recommendations to the Ministry of Finance ahead of Budget 2016, including requests to review the employment pass (EP) and workfare income supplement criteria.
Noble Group fell deeply into the red in the 2015 financial year, recording a loss of US$1.7 billion, as the weight of a US$1.9 billion impairment bore down on the firm.
- Bring in new management to regain credibility, Iceberg tells Noble Group
- Noble says sale of interest in Noble Agri unconditional, to get US$750m on March 3
The Monetary Authority of Singapore (MAS) will introduce changes to the Code on Take-overs and Mergers from March 25 to address the resolution of competing offers, the role of offeree boards and disclosure timeliness, the financial sector regulator announced on Thursday.
The next-generation Electronic Road Pricing (ERP) system will be operational from 2020 at a cost of S$556 million.
The manager of CapitaLand Mall Trust (CMT) on Thursday said CMT has issued S$100 million in 10-year fixed rate notes at a rate of 3.5 per cent per annum to institutional and accredited investors.
China stocks tumbled more than 6 per cent on Thursday, posting their biggest one-day loss in a month, as investors booked profits after the market's recent rebound.
- City Developments posts higher Q4 profit, driven by asset monetisation
- Banyan Tree hit by 'perfect storm', posts worst loss in its history in 2015
- First Resources' Q4 profit down 67% on lower crude palm oil prices
- KrisEnergy narrows full-year loss to US$41.7m, to defer exploration expenditure
- Ho Bee's Q4 earnings fall on lower fair value gain, takes impairment loss for Cape Royale
The STI Today
The simple reason for the Straits Times Index's 16.56 points loss at 2,603.4 on Thursday could be that it was in response to a 6.4 per cent fall in the Shanghai Composite and weakness in the Dow futures which signalled a down session later for the Wall Street.