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Singapore Wrap Thursday
Today's notable stories
- Singapore Budget debate: Tweaks to Medisave limits and funding for the arts
On Thursday, health and the arts were among the issues that came up for discussion in Parliament, as the Ministry of Health and the Ministry of Culture, Community and Youth held their respective Committee of Supply debates.
Medisave limits tweaked; standardised Integrated Shield Plan to be out next year
Traditional arts to get S$25m boost in next five years
- Keppel Corp extends deadline for Keppel Land takeover offer to March 26
Keppel Corp has extended the deadline for Keppel Land shareholders to accept its takeover offer, it said in a Singapore Exchange filing on Thursday.
- More M&A appetite likely this year, but Singapore may buck the global trend: KPMG
Large global corporates are expected to show greater appetite for mergers and acquisitions (M&As) this year, and will likely have more capacity to fund these prospective transactions, a KPMG report on Thursday showed. But Singapore is expected to see a dip in acquisition appetite, the report noted.
- Singapore top execs best-paid in Asia in US dollar terms: study
Singapore companies pay their senior and top management the most in Asia in US dollar terms, according to a study by professional services company Towers Watson.
- Singapore banks to be net beneficiaries of gradual rate hikes: S&P
Singapore banks will be net beneficiaries of gradual rate hikes, S&P said in a report on Thursday.
- Singapore: STI slides for fourth consecutive day
The Straits Times Index extended its losing streak into a fourth consecutive session on Thursday, this time with a 4.99 points loss at 3,373.6. Since closing at 3,417 on Friday, the STI has now lost a total of 44 points or 1.3 per cent. On Thursday, it briefly entered negative territory for the year to date. For 2015 it is now up just 8 points.