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Singapore Wrap Thursday
Today's notable stories
- Govt to offer Singapore Savings Bonds for local investors
The government will introduce the new Singapore Savings Bonds (SSB), a type of Singapore Government Securities (SGS) for local individual investors, announced Josephine Teo, Senior Minister of State for Finance and Transport, at the annual conference of the Investment Management Association of Singapore (IMAS) on Thursday.
- Parliament pays special tribute to late Lee Kuan Yew
For someone who did not believe in monuments, it is "befitting and poetic" that the late Lee Kuan Yew became Singapore's "greatest icon", said Defence Minister Ng Eng Hen in parliament on Thursday.
Bill Clinton to lead high-level US delegation to funeral of Lee Kuan Yew
- Singapore's manufacturing output down 3.6% in February
Singapore's manufacturing output declined 3.6 per cent in February on a year-on-year basis. Excluding biomedical manufacturing, output fell 3.9 per cent.
Quick take: More headwinds for Singapore manufacturing signal lower 2015 growth: UOB
- Singapore companies sold US$5.4b bonds this year: Thomson Reuters
Singapore-based companies sold a total of US$5.43 billion worth of bonds so far this year, a 1.6 per cent increase from the first quarter of 2014.
- Keppel Corp extends closing date for Keppel Land offer
Keppel Corp on Thursday evening said the closing date for its Keppel Land takeover and the convertible bonds offer will be extended from March 26, 5.30 pm to March 31, 5.30 pm.
Hot Stock: RHB issues 'buy' call on Keppel Land
- Singapore: Was it early window dressing?
The Straits Times Index on Thursday rose 12.57 points to 3,431.59, possibly thanks to early quarter-ending window dressing as well as expectations of a Wall Street rebound on Thursday after a steep Wednesday plunge. The fall came despite weakness throughout the region and a soft opening for Europe.