Daily Debrief: What Happened Today
Stories you might have missed
Hot stock: Noble gains despite being dropped from STI
Share of commodities firm Noble Group rose on Friday amid heavy trading, despite it being stripped from the list of constituents that make up the Straits Times Index (STI).
SIA to take full control of Tiger; share offer closes on Friday
Singapore Airlines' (SIA) general offer for the shares in Tiger Airways that it did not already own closes on Friday, and Singapore's national carrier will take full control of the budget airline, SIA said in a media release.
Global private equity buyouts up 5% in 2015, but more competition awaits: Bain
Deal value for announced global private equity (PE) buyouts totalled US$282 billion in 2015, just about 5 per cent more than in 2014, a Bain & Company report said on Friday.
SPDR STI ETF the most active ETF month-to-date
The SPDR Straits Times Index (STI) ETF (Exchange-Traded Fund) was the most active ETF in the month-to-date, and the second-most active year-to-date.
WongPartnership names another new deputy chairman
Singapore law firm WongPartnership's former joint managing partner, Rachel Eng, has become the deputy chairman at the practice, alongside current deputy chairman Tan Chee Meng.
Franklin raises SembMarine stake with S$1.82m share purchases by its funds
US fund manager Franklin Resources has become a substantial shareholder of Sembcorp Marine (SembMarine) after its two funds - Templeton International and Templeton Worldwide - bought S$1.82 million in additional shares in the yard group on March 2.
Samsonite to buy Tumi for about US$1.8b in biggest deal
Samsonite International SA, the world's largest branded-luggage maker, agreed to buy luxury baggage maker Tumi Holdings Inc for about US$1.8 billion in its biggest acquisition since selling shares to the public five years ago.
The STI Today
Singapore stocks finish week with flourish as banks continue their recovery
One of the most strident complaints made against the local stock market is that it is a perennial underperformer, lacking in liquidity and excitement when compared to Hong Kong. This may have been true for most of 2014 and 2015 and even the first two months of 2016 but it wasn't the case this week though. The Straits Times Index's 188 points or 7 per cent jump to 2,837 placed it among the better performers in the region.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal