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Daily Debrief: What Happened Today
Plans to use cold energy released in the process of regasifying liquefied natural gas for other purposes could see new momentum, after the government on Friday awarded S$27 million in research grants to 13 projects looking into this and other areas.
Anchor Resources hit a low of 14.5 Singapore cents in trading Friday afternoon after debuting on the market at 18.2 Singapore cents in the morning. As at 2.40pm, the counter stood at 14.9 Singapore cents. It eventually closed at 14.6 Singapore cents.
CapitaLand's wholly owned Ascott Limited unveiled its new Tujia Somerset brand of serviced residences catering to middle class travellers in China on Friday.
Baring Private Equity Asia has declared its offer for Singapore-listed precision-engineering firm Interplex Holdings unconditional in all respects.
US oil futures touched new highs for 2016 on Friday and were set to post gains for a fifth straight week on growing optimism that major producers would strike a deal to freeze output, while a more benign interest rate environment also supported prices.
The STI Today
The Straits Times Index on Friday moved into positive territory for 2016 when it jumped 26.63 points or 0.9 per cent to end at 2,906.8.