Daily Debrief: What Happened Today

Stories you might have missed

SGX RegCo proposes new enforcement framework for swifter outcomes

SINGAPORE Exchange Regulation (SGX RegCo) is consulting the market on changes to the listing rules governing enforcement actions so that it would be able to act more quickly and with greater force.

Singapore banks' shares climb despite fall in Q2 earnings

SHARES of local banking trio rose on Thursday, as investors found some cheer from conservative provisions set aside by DBS and UOB, and an unchanged outlook guidance in their latest quarterly results released before market open.

ESR-Reit will not raise offer price for Sabana in proposed merger

ACCORDINGLY, the exchange ratio of 0.940 ESR-Reit units to one Sabana Reit unit is final, it added.

Sembcorp, Sembmarine urge investors to vote in favour of demerger

SEMBCORP Industries (SCI) and Sembcorp Marine (SMM) are calling on their shareholders to vote in favour of the proposed S$2.1 billion recapitalisation for the offshore and marine engineering group, and a demerger from each other that will result in Temasek Holdings having a direct stake in the marine arm.

Frasers Hospitality to open Tokyo serviced residence on Aug 7

FRASERS Hospitality, a member of Frasers Property, on Thursday said it is opening a 22-storey serviced residence named Fraser Suites Akasaka in Japan on Aug 7.

Corporate earnings

The STI today

STI closes 1.04% higher on Thursday; YZJ among top actives

THE Straits Times Index (STI) rose for a third straight day to close 1.04 per cent or 26.41 points higher at 2,559.10 on Thursday, buoyed by positive updates on the Covid-19 vaccine front and speculation over the progress of a US stimulus package.