Daily Debrief: What Happened Today

Total employment in Singapore contracted in Q3, second time since 2008/09 recession

Total employment in Singapore contracted in the third quarter of 2016, after slower growth in the previous two quarters. This is the second time total employment has contracted since the 2008/2009 recession.

Singapore bus, rail fares to come down 4.2% from Dec 30

In line with lower energy costs, the Public Transport Council (PTC) has decided to reduce bus and rail fares by 4.2 per cent from Dec 30, which will translate into reductions of one to 27 Singapore cents for card fares.

'Accept the offer and go for cash', Innovalues shareholders told

"Accept the offer and go for cash" - that was what shareholders of Innovalues Limited were advised to do so in sell-side analyst reports in the wake of the S$331.4 million takeover offer by private equity firm Northstar Advisor.

GuocoLand to take 27% stake in EcoWorld International's IPO

GuocoLand Limited has agreed to take a 27 per cent strategic stake in Eco World International Berhad (EWI) in the latter's initial public offering (IPO) in Malaysia - a move that extends its global footprint into the UK and Australia.

IMDA fines Netlink Trust S$500,000 for not meeting service standards

The Infocomm Media Development Authority (IMDA) has slapped a fine of S$500,000 on NetLink Trust (NLT) for not meeting the residential and non-residential Quality of Service (QoS) standards for service activation.

HDB CEO conferred double international honours for role in urban development

The chief executive officer of the Housing & Development Board (HDB), Cheong Koon Hean, has become the first Asian and first Singaporean - as well as the only female - to receive two internationally acclaimed awards in urban development.

Corporate earnings

The STI Today

Singapore shares close mostly higher, albeit with unchanged STI

The Straits Times Index (STI) on Thursday drifted to a 0.37 of a point rise to 2,828.94. Volume, which has been weak for many weeks remained so at 1.3 billion units worth S$718.1 million, the lowest unit and dollar totals this week. Excluding warrants there were 207 rises versus 131 falls.