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Daily Debrief: What Happened Today

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The Personal Data Protection Commission (PDPC) of Singapore has taken enforcement action against 11 organisations for breaching their data protection obligations under the Personal Data Protection Act (PDPA).

Eleven organisations fined, warned for data protection breaches

One of the offending organisations is K Box Entertainment Group, which has been imposed a fine of S$50,000 - the largest financial penalty announced on Thursday. K Box had not put in place sufficient security measures to protect the personal data of 317,000 members - these were found to have been leaked and uploaded on a public website in September 2014 - or adequate data protection policies, or appoint a data protection officer.

Sete Brasil shareholders approve plan to file for bankruptcy

Shareholders of oil-rig venture Sete Brasil Participacoes SA agreed to a plan to file for bankruptcy protection after its single client failed to present a viable book order.

Market voices on:

Difficult to grow through acquisitions today: UOB's Wee Cho Yaw

UOB chairman emeritus Wee Cho Yaw, who orchestrated several acquisitions in his time as chief executive officer, sees difficulty in executing acquisitions and getting growth from them today.

China International Marine Containers launches privatisation bid for Pteris Global

The majority shareholder of Catalist-listed airport support equipment provider Pteris Global has launched a takeover bid for the company with the aim of delisting it.

BOC Aviation prices US$750m bonds; may be headed for HK listing

BOC Aviation has priced its US$750 million senior unsecured bonds at a fixed interest coupon of 3.875 per cent per annum.

NUS and MPA to conduct joint research in ocean governance

The Centre for International Law (CIL) at the National University of Singapore (NUS) and the Maritime and Port Authority of Singapore (MPA) will be setting up a joint research programme to build up institutional expertise in ocean governance and to spearhead thought leadership in areas critical to bolstering Singapore's global maritime knowledge hub status.

Asian banks' bad debt pile highest since global financial crisis

Bad debts at Asian banks have climbed to their highest since the global financial crisis and the trend will likely worsen as regional economies battle against China's slowdown and volatile oil and commodities prices, a Reuters data analysis shows.

Corporate Earnings

The STI Today

Singapore shares close higher in line with rise in Dow futures

The Straits Times Index (STI) on Thursday enjoyed its now-customary lift from the Dow futures, the latter's 20-point rise enabling the STI to gain 10.83 points at 2,960.78.