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Daily Debrief: What Happened Today
The certificate of entitlement (COE) premiums for passenger cars slipped but those for the other three categories rose in the second bidding exercise for May.
Dr Baier sold 2.5 million shares in the open market for about S$3.94 million in total, which worked out to an average price of S$1.577 apiece.
Guidelines for the re-employment of older workers have been updated and revised, along with a boost in the grants to help employers put in place the changes needed for their effective employment.
Singapore Airlines Ltd, seeking to restructure its budget airline business, established a new holding company to manage its two low-fare carriers amid speculation of a consolidation in the region.
Mainboard-listed Jaya Holdings has agreed to acquire Heduru Moni, a personal and consumer finance company from Papua New Guinea, in a reverse takeover (RTO) deal worth up to S$232.2 million, it said in a Singapore Exchange filing on Wednesday.
One loss-making education group has proposed to acquire another.
Malaysia has begun enforcing a law that allows authorities to bar citizens who insult the government from traveling overseas, the Star newspaper reported.
The STI Today
Tuesday's short-covering bounce proved short-lived as the downtrend resumed on Wednesday with the Straits Times Index (STI) dropping four points to 2,777.11. Penny stocks which exploded into life last week and on Monday continued to flounder, led by recent outperfomer ISR Capital which plunged S$0.018 or 20.7 per cent to S$0.069 on volume of 22.6 million.