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Singapore Wrap Tuesday
The new Manpower Minister will not relax the foreign-worker policy to let in more foreign workers, or reduce the foreign-worker levy.
The latest technologies in infocomm - from the automatic monitoring of trash bins to the world's first 8K time-lapse camera system - were showcased on Tuesday at BroadcastAsia, CommunicAsia and EnterpriseIT 2015, a joint exhibition celebrating smart technologies from some 2,000 exhibitors across 56 countries.
Satellite equipment specialist Global Invacom Group is buying US satellite terminal manufacturer Skyware Global for up to US$11.6 million, in what the mainboard-listed group said will position it as a world leader in satellite communications.
GSS Energy is moving into energy trading, after starting a joint venture with oil trading company AFCO Energy.
Ezra Holdings is planning to raise up to US$300 million through a rights issue and the issue of convertible bonds to repay existing debt.
The STI Today
The bottom fell out of the local stock market on Tuesday, partly because of an impending change to the Straits Times Index's (STI) liquidity rules but mainly for reasons unknown.