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Daily Debrief: What Happened Today
The Singapore dollar rose on Thursday in line with other currencies after the US Federal Reserve kept interest rates unchanged, but the local unit's rally was weighed down by what the Monetary Authority of Singapore (MAS) might do next month.
Small and medium enterprises (SMEs) in Singapore are downbeat over their prospects for the next six months with profit expectations having sunk to the lowest level in seven years, according to a survey conducted to gauge business sentiment in the SME space.
Vard Holdings has bagged a US$40 million contract for the design and construction of two more module carrier vessels (MCVs) for Topaz Energy and Marine. Both the vessels are scheduled for delivery in the second quarter of 2018, Vard said in a Singapore Exchange filing on Thursday.
Singapore-listed engineering services provider PSL Holdings has entered into a private subscription agreement with three individuals to raise net proceeds of S$2.9 million.
Marco Polo Marine has launched a consent solicitation exercise for its S$50 million notes due next month to seek noteholders' approval to defer the redemption of its debt papers by three years to October 2019.
Rickmers Maritime has come up with a revised restructuring plan for its S$100 million 8.45 per cent notes due 2017, following feedback after its informal meeting with the noteholders a week ago.
The STI Today
By the end of trading, the STI was a net 4.68 points weaker at 2,846.06, with the whole market generating only 1.07 billion units worth S$754.2 million in turnover, the lowest for the week to date in both unit and dollar terms.