Daily Debrief: What Happened Today

Jurong Port starts world's largest port-based solar facility

Jurong Port has completed the S$30 million installation of solar panels on its warehouse rooftop, making it the largest port-based solar facility in the world.

LTA calls for tenders for third bus package in Seletar

The Seletar bus package comprises 24 existing services and two new services which will be announced closer to the commencement date.

Singapore bond market frenzy distorts credit costs, S&P says

Corporate bond offerings by some of Singapore's biggest companies are drawing such strong demand from investors that they are artificially lowering borrowing costs for weaker borrowers, according to S&P Global Ratings.

GIC, ADIA invest US$230m in Indian renewable energy firm Greenko

GIC invested its share of US$80 million in March and the ADIA entity will invest the remaining US$150 million.

Swiber wins three projects worth US$215m in Qatar, South-east Asia

One of these projects is an EPCI (engineering, procurement, construction, and installation) contract from a European oil major to perform pipeline replacement work in Qatar.

IE Singapore signs MOU with Singapore branch of China's ICBC

This tie-up will see ICBC setting up a team in Singapore to provide project financing and related professional services needed in "One Belt, One Road" basic infrastructure investments.

Corporate Earnings

The STI Today

Singapore shares close higher for 4th session on hopes US rates stay unchanged

"Bad economic news is good news", at least as far as stocks are concerned. This has been the case for eight years and so it remains - a shockingly weak US jobs report; the worst since 2010 - last Friday has enabled stocks to push higher largely because the probability that the US Federal Reserve will raise interest rates at next week's Federal Open Market Committee meeting has dropped sharply. Two weeks ago it was 32 per cent as per the federal funds futures market, on Monday it stood at just 2 per cent.