Daily Debrief: What Happened Today
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TalkMed CEO suspended for eight months
Prominent cancer specialist Ang Peng Tiam, who is the chief executive officer and main revenue contributor of Catalist-listed TalkMed Group, has been given an eight-month suspension by the Singapore Medical Council after a failed appeal against a misconduct conviction.
Singtel's A+ rating hinges on NetLink divestment: Fitch
Singapore Telecommunication's divestment of fibre broadband infrastructure operator, NetLink NBN Trust, in the latter's upcoming initial public offer (IPO) is key to maintaining its 'A+' rating, but rating headroom remains low, Fitch Ratings said on Wednesday.
Blackstone makes offer for Croesus Retail Trust at S$1.17 per unit
Confirming market speculation, Croesus Retail Trust (CRT) on Wednesday said that a company incorporated by funds advised by Blackstone Real Estate has made an offer for all the units in CRT.
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BNP expects to be among top five private banks in Asia in 3-5 years
BNP Paribas expects to be among the top five private banks in the Asia-Pacific in three to five years, spurred mainly by organic growth, said a top executive on Wednesday.
ICC Court sets up a case management office and team in Singapore
The International Court of Arbitration of the International Chamber of Commerce (ICC Court) is setting up a case management office and team in Singapore.
Cyberattack reaches Asia after spreading from Europe to the US
A new cyberattack similar to WannaCry has reached Asia after spreading from Europe to the US overnight, hitting businesses, port operators and government systems.
Frasers Logistics & Industrial Trust places out 78m new shares at S$1.01 per unit
Australian industrial property play Frasers Logistics & Industrial Trust (FLT) said that its private placement of 78 million new units is 4.6 times subscribed, and will be issued at S$1.01 per new unit.
Keppel secures vessel conversion and repair projects worth S$85m
Keppel Shipyard, a unit of Keppel Corporation, has won four contracts totalling S$85 million for the conversion, repair and modification of vessels. They will be progressively completed from the third quarter of this year, till the third quarter of 2018.
The STI Today
Wall Street's Tuesday slide brought some pressure to bear on local stocks on Wednesday but as far as the Straits Times Index was concerned the selling was well-absorbed. After losing 16 points at one stage, the STI finished a net 3.83 points lower at 3,215.7.
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