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Daily Debrief: What Happened Today
Prices of Singapore dollar bonds continue to rise, hitting new highs, powered by a lack of supply.
Keppel Corporation has agreed to sell its entire stake in GE Keppel Energy Services to GE Singapore of General Electric for S$24.6 million by February, it said in a filing on Friday afternoon.
Singapore-based sovereign fund Temasek will invest US$800 million in Verily, the Alphabet subsidiary focused on healthcare announced on Thursday.
Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) on Friday issued 2.58 million units, worth about S$1.03 million, to its manager to cover 80 per cent of the base management fee for the fourth quarter ended Dec 31, 2016.
The board of lifting service provider Sin Heng Heavy Machinery said on Friday the group is expected to record a net loss for its second quarter ended Dec 31, 2016, mainly due to unrealised fair value loss on forward currency contracts.
The STI Today
New US president Donald Trump's actions continued to dominate headlines this week, even if it now appears very likely that his "America First" campaign slogan will translate to protectionist trade practices and greater insularity that could damage the global economy.