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Daily Debrief: What Happened Today
Oil and gas contractor Swiber Holdings has filed a winding-up application, and its directors have resigned to pursue their own interests, the company announced on Thursday.
- Swiber's provisional liquidator seeks trading suspension of company's shares
- SGX to undertake 'thorough investigation' into Swiber, to take action if any breach
- Hot stock update: Vallianz collapses as Swiber's woes send fresh jitters in oil and gas sector
- UOB's exposure to Swiber 'manageable', says CEO
- OCBC has no exposure to Swiber, says source
The unemployment rate among Singapore residents went up to 3 per cent (from 2.7 per cent in the previous quarter). For Singapore citizens, the rate rose to 3.1 per cent (from 2.6 per cent previously).
Prices of completed private apartments and condominiums in Singapore appreciated in June 2016 over the preceding month - contrasting with the month-on-month decline posted in May this year.
Prices and rentals of industrial space in Singapore continue to fall in tandem with occupancy rates, while vacancy rates edge upward, a report has found.
- UOB Q2 profit rises 5.1% to S$801m; bank to pay out S$0.35 per share
- OCBC's Q2 net profit down 15% without GEH stake sale a year ag
- AIA Singapore's H1 2016 operating net profit up 8% on growth in new business
- Sembcorp Marine's Q2 profit down 89.5%
- Global Palm Resources expects higher Q2 profit; Anchun sees Q2 loss
The STI Today
The Singapore market fell 0.78 per cent on Thursday, with the Straits Times Index dropping 22.87 points to 2,918.62 as investors sold down oil and gas counters.