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Singapore Wrap Wednesday

Today's notable stories
Wednesday, February 18, 2015 - 15:07
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Iceberg Research, whose report on commodity trading firm Noble Group is now under investigation by the Monetary Authority of Singapore (MAS), took to the development coolly, even while Noble welcomed the review.

 

  • ​MAS says reviewing statements in research report on Noble
    The Monetary Authority of Singapore said it was reviewing a report by Iceberg Research that claimed Asian commodity trading firm Noble Group used aggressive accounting to mislead investors. "MAS will take appropriate action if there are breaches of the SFA," it said in an email to Reuters, referring to the Securities & Futures Act.

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    READ UPDATE: Hot stock: Noble shares surge nearly 4.3% in trading; group welcomes MAS review

     
  • Cambridge Industrial Trust in S$19.9m Jurong property deal with Unicable
    Cambridge Industrial Trust (CIT) has entered into a sale-and-purchase agreement with Unicable to acquire a property in Jurong for a total of S$19.9 million.

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  • Aztech's Q4 profit down nearly 91%
    Aztech Group saw its net profit for the three months ended Dec 31, 2014, slump nearly 91 per cent year on year to S$280,000 on the back of higher expenses and lower revenue.

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  • PM Lee Hsien Loong going home this morning, two days after surgery
    Prime Minister Lee Hsien Loong is going home on Wednesday morning, two days after a surgery to remove his prostate gland.

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  • Singapore January consumer prices set to fall for third month
    Singapore's consumer price index (CPI) probably fell in January from a year earlier for the third straight month, due to lower oil prices and transportation costs, a Reuters poll showed.

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