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Daily Debrief: What Happened Today
There have been significant improvements in corporate governance disclosures in Singapore companies since 2013, a study has found, though it underlined the need for more attention to be paid to disclosure on areas not stated in the guidelines.
The US$34 billion merger between ST Telemedia's portfolio company, US Internet service provider Level 3 Communications, and CenturyLink will put the combined company in a better position to further invest in broadband infrastructure for small businesses and consumers.
Singapore Post (SingPost) on Tuesday launched a Centre of Innovation (COI) as it opened its S$182 million Regional eCommerce Logistics Hub to process parcels for delivery within Singapore and destinations worldwide.
Property investment firm Imperium Crown is planning to invest S$5 million in two cineplexes in China, which it says will open opportunities for the group to tap into China's booming film industry.
The STI Today
Better-than-expected China manufacturing numbers on Tuesday helped lift sentiment throughout the region, adding about 19 points to the Straits Times Index at 2,832 during the morning session.