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Singapore Wrap Tuesday

Today's notable headlines

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THE new Manpower Minister will not relax the foreign-worker policy to let in more foreign workers, or reduce the foreign-worker levy.

Manpower Ministry making changes for a labour-lean economy

The new Manpower Minister will not relax the foreign-worker policy to let in more foreign workers, or reduce the foreign-worker levy.


Minister reiterates Singapore's Smart Nation goals at tech showcase

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.


Global Invacom buys US satellite terminal maker Skyware

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 expands into energy trading with AFCO tie-up

GSS Energy is moving into energy trading, after starting a joint venture with oil trading company AFCO Energy.


Ezra plans US$300m rights, convertible bonds issues

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

Singapore: STI plunges 1.5% on heavy selling

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.