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Daily Debrief: What Happened Today
In a move that surprised the market and analysts hailed as "premature", fourth telco hopeful MyRepublic on Wednesday unveiled its proposed mobile and broadband plans.
Despite challenging market conditions, PropNex Realty clocked in record gross commissions of more than S$200 million last year, compared to S$194 million in 2014.
Certificate of entitlement (COE) premiums went up across the board in the latest round of bidding.
Rentals of both private apartments/condos and Housing & Development Board (HDB) flats fell month on month in February 2016, SRX Property's latest flash estimates showed.
Global energy firm Noble Group is in the market with a US$2.5 billion, one-year borrowing base revolving credit facility that will refinance existing debt due later this year, banking sources told Thomson Reuters.
Sembcorp Marine has raised its stake in Norway-based Gravifloat AS by another 44 per cent for US$38 million, bringing its stake in the firm to a controlling interest of 56 per cent in order to expand into offshore gas processing units.
The STI Today
After dropping 58 points on Monday and Tuesday, the Straits Times Index rebounded 31.66 points to 2,810.43 on Wednesday, albeit in lower volume of two billion units worth S$1.2 billion, compared with S$1.4 billion on Tuesday and S$1.5 billion on Monday. Excluding warrants, there were 243 rises versus 147 falls.