Daily Debrief: What Happened Today

SGX adds 41 firms to watch-list for failure to meet new minimum trading price

Singapore Exchange (SGX) has placed 41 Mainboard-listed companies on a watch-list for failing to meet the new minimum trading price, the market regulator announced on Wednesday after the market closed.

Singapore may abandon raising foreign worker levies as economy slows: BOA

Singapore may abandon increases in foreign-worker levies altogether, given worsening economic conditions and calls for greater responsiveness to businesses, a report from Bank of America Merrill Lynch said on Wednesday.

Hot Stock: Ezra most actively-traded counter on Wednesday

Ezra Holdings was again the top active stock on Wednesday, with 235.76 million shares changing hands.

Singapore wireless wannabe MyRepublic eyes profit in three years

MyRepublic Ltd, bidding to become Singapore's fourth mobile-phone carrier, says its lower costs mean it can start with a small subscriber base and still be profitable within three years of winning a license.

Otto Marine wins charter contract worth up to A$94.8m

Offshore chartering group Otto Marine said on Wednesday it has secured a contract worth up to A$94.8 million (S$95.3 million) through its unit.

Genting Hong Kong to buy own shipyards in Germany

Cruise-ship operator Genting Hong Kong said on Wednesday it plans to spend HK$1.99 billion (S$358 million) to acquire, through its various units, its own cruise shipbuilding yards from a Germany-based ship manufacturer.

Moody's cuts China outlook to 'negative', cites reform, fiscal risks

Moody's downgraded its outlook on Chinese government debt to "negative" from "stable" on Wednesday, citing uncertainty over authorities' capacity to implement economic reforms, rising government debt and falling reserves.

The STI Today

Singapore shares rise 1.7%

Shares on the Singapore shares rose on Wednesday with the key Straits Times Index finishing 44.57 points or 1.7 per cent up at 2,726.96.