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Singapore Wrap Friday
Today's notable stories
- MND asks court to appoint independent accountants to protect AHPETC S&CC funds
The Ministry of National Development (MND) has applied to the court to appoint independent accountants to safeguard government grants disbursed to the Aljunied-Hougang-Punggol East Town Council (AHPETC).
- Stock sales on SGX drop 76% in Q1 as IPOs dry up
Equity capital raised on the Singapore Exchange fell 76 per cent in the first quarter of 2015 as the initial public offering market dried up, according to preliminary data from Thomson Reuters.
- Hot stock: Noble surges and leads the actives as takeover rumours swirl
The share price of Noble Group surged on Friday after a Reuters report said the commodities company may be a potential takeover target following a recent slump in its market value.
Update: Suitors circle Noble after commodity trader's US$1.8b market plunge
- Singapore assisting Indonesia in investigations of ship detentions
Not all of the supposedly Singapore-registered ships that Indonesia detained earlier this month were actually registered here, the Maritime and Port Authority of Singapore (MPA) said in a statement on Friday.
- UOL launches pricing for Botanique at Bartley
UOL Group on Friday released the prices for its newest project, the 797-unit Botanique at Bartley, with the average price being "a shade below S$1,300 per square foot".
- Singapore: Market follows the FOMC script
It's not often that the market behaves almost exactly according to script but this week was one such occasion. The main feature was the US Federal Open Markets Committee meeting over Tuesday and Wednesday and markets traded generally cautiously ahead of the event, given that US labour market releases have shown strength, which in turn implied greater urgency for interest rate hikes.