Singapore Wrap Tuesday

GE2015

Singapore savings bonds open for application

The Monetary Authority of Singapore said the first issuance is for S$1.2 billion. The interest rate starts from 0.96 per cent for the first year, and steps up gradually in line with the holding period. At the end of 10 years, the annualised return will be 2.63 per cent.

SembMarine wins US$1b North Sea contract

Sembcorp Marine has clinched a more than US$1 billion engineering, procurement and construction contract to build three topsides for the Culzean Field development in the North Sea, the rig builder announced early Tuesday.

Singtel completes Trustwave acquisition at lower price

Singapore Telecommunications has completed its purchase of a 98 per cent stake in cyber security firm Trustwave for a lowered price of US$770 million.

Aviva Asia CEO leaving to helm Great Eastern

Insurer Great Eastern Holdings has named industry veteran Khor Hock Seng as its new group chief executive officer (CEO), it said in a Singapore Exchange filing on Tuesday.

The STI Today

Singapore stocks close weaker on China selloff, Wall Street jitters

A 200-point plunge in the Dow Jones Industrial Average's futures contract on Tuesday reminded players that may be markets have not bottomed yet and dragged the Straits Times Index 38.67 points or 1.3 per cent down to 2,882.77.