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Daily Debrief: What Happened Today
Noble Group was downgraded two levels by Moody's Investors Service, as the ratings agency said the Singapore-listed commodity trader's liquidity "could come under further pressure over the next 12 months" amid weaker-than- expected profitability.
Listed companies should consider current economic conditions in determining whether a piece of information is material and should be announced, and boards should err on the side of disclosure when there is doubt, Singapore Exchange (SGX) chief regulatory officer Tan Boon Gin said on Tuesday.
Temasek Holdings has bought shares in ICICI Bank Ltd, India's largest private sector lender by assets, in the second quarter as it expanded its foothold in Asia's third-biggest economy, Bloomberg said in a report on Tuesday.
Mainboard-listed GLP, global provider of modern logistics facilities, will sell four properties in Japan to GLP J-Reit (real estate investment trust) for 42.7 billion yen (S$571 million).
The new service between Singapore and Athens marks Scoot's first long-haul flight between Asia-Pacific and Europe, as well as the longest flight operated by a low-cost carrier (LCC) with flight distance exceeding 10,000 kilometres.
With this free service, called EZ-Pay, motorists only need to link their IUs to their credit cards and can then drive through ERP gantries without having cards in their IUs, and not fear having to incur penalties.
Singapore's sovereign-wealth fund GIC is among two investors who have bought a 71 per cent stake in Denver-based Yes Communities, an owner of manufactured housing estates in the United States, the US firm said.
- G8 Education posts lower H1 net profit on higher costs
- China Fibretech posts losses in Q2, issues caution on financial statements
The STI Today
The Straits Times Index on Tuesday drifted to an 8.41 points loss at 2,858.80 on low volume of 1.07 billion units worth S$826.6 million. It was the second successive day that dollar volume fell below the S$1 billion mark. Excluding warrants there were 190 rises versus 196 falls.