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Singapore Wrap Monday

Today's notable stories
Monday, May 18, 2015 - 20:00
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Ezion Holdings Ltd was sued by a partner which accused the Singapore-based offshore service provider of a conspiracy to induce an A.P. Moeller-Maersk A/S unit to breach charter agreements.

Singapore's non-oil domestic exports slip in April

After a surprisingly big jump in March, Singapore's non-oil domestic exports (NODX) slipped back to slow growth in April, rising just 2.2 per cent year on year last month after an 18.5 per cent increase in the previous month.


Changes to Housing Developers (Control and Licensing) Act effective May 25

Amendments to the Housing Developers (Control and Licensing) Act to improve safeguards and provide more information to prospective buyers of private residential properties will take effect from this month, the Ministry of National Development (MND) said on Monday.


Enhanced post-diploma courses for polytechnic graduates announced

Singapore polytechnic graduates can now look forward to refreshing their skills and knowledge through newly launched Enhanced Post-Diploma Certificate (PDC) courses, said Senior Minister of State for Law and Education Indranee Rajah on Monday.


GIC, Canada's CPPIB in JV deal to acquire Seoul mall for US$263m

Singapore sovereign wealth fund GIC and the Canada Pension Plan Investment Board (CPPIB) have entered into a joint-venture (JV) partnership to acquire D-Cube Retail Mall in Seoul from Daesung Industries for US$263 million.


Ezion sued by partner over Maersk deal plot claim

Ezion Holdings Ltd was sued by a partner which accused the Singapore-based offshore service provider of a conspiracy to induce an A.P. Moeller-Maersk A/S unit to breach charter agreements.


Singapore: ST Index slips in quiet, thin trading

The main difficulty that dealers have faced for the past year is to find suitable adjectives to describe the local market - or at least adjectives which are printable. Such was the case again on Monday when the Straits Times Index (STI) drifted lower with little liquidity support, eventually closing a net 3.53 points weaker at 3,459.57 on volume of 1.7 billion units worth S$961 million.

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